Virgin Galactic Holdings, Inc. (SPCE) Q2 2025 Earnings Call Transcript


Virgin Galactic Holdings, Inc. (NYSE:SPCE) Q2 2025 Earnings Conference Call August 6, 2025 5:00 PM ET

Company Participants

Douglas T. Ahrens – Executive VP, CFO & Treasurer
Eric Cerny – Vice President of Investor Relations
Michael A. Colglazier – CEO, President & Director

Conference Call Participants

Gregory Arnold Konrad – Jefferies LLC, Research Division
Michael David Leshock – KeyBanc Capital Markets Inc., Research Division
Myles Alexander Walton – Wolfe Research, LLC
Oliver Chen – TD Cowen, Research Division

Operator

Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the Virgin Galactic’s Second Quarter 2025 Earnings Conference Call. [Operator Instructions]

I would now like to turn the conference over to Eric Cerny of Investor Relations. You may begin.

Eric Cerny

Thank you. Good afternoon, everyone. Welcome to Virgin Galactic’s Second Quarter 2025 Earnings Conference Call. On the call with me today are Michael Colglazier, Chief Executive Officer; and Doug Ahrens, Chief Financial Officer. Following our prepared remarks, we will open the call for questions. Our press release and slide presentation that will accompany today’s remarks are available on our Investor Relations website.

Please see Slide 2 of the presentation for our safe harbor disclaimer. During today’s call, we may make certain forward-looking statements. These statements are based on current expectations and assumptions and as a result, are subject to risks and uncertainties. Many factors could cause actual events to differ materially from the forward-looking statements made on this call. For more information about these risks and uncertainties, please refer to the risk factors in the company’s SEC filings made from time to time. You are cautioned not to put undue reliance on forward-looking statements, and the company specifically disclaims any obligation to update the forward-looking statements that may be



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