Virgin Orbit Holdings, Inc. (VORB) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
4022 EAST CONANT STREET LONG BEACH, CA 90808 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 194,154 | |||
| Cash and cash equivalent | 194,154 | |||
| Restricted cash and investments | 828 | |||
| Receivables | 2,080 | |||
| Inventory, net of allowances, customer advances and progress billings | 33,927 | |||
| Inventory | 33,927 | |||
| Prepaid expense | 4,712 | |||
| Capitalized contract cost | 3,077 | |||
| Total current assets: | 238,778 | |||
| Noncurrent Assets | ||||
| Finance lease, right-of-use asset, after accumulated amortization | 252 | |||
| Operating lease, right-of-use asset | 14,433 | |||
| Property, plant and equipment | 61,425 | |||
| Asset, held-in-trust | 13,498 | |||
| Other noncurrent assets | 3,354 | |||
| Total noncurrent assets: | 92,962 | |||
| TOTAL ASSETS: | 331,740 | |||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 34,124 | |||
| Accounts payable | 10,334 | |||
| Accrued liabilities | 23,790 | |||
| Deferred revenue | 12,150 | |||
| Debt | 258 | |||
| Due to related parties | 42 | |||
| Other undisclosed current liabilities | 1,384 | |||
| Total current liabilities: | 47,958 | |||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation | 14,078 | |||
| Long-term debt, excluding current maturities | ||||
| Finance lease, liability | 79 | |||
| Liabilities, other than long-term debt | 36,546 | |||
| Deferred revenue | 28,991 | |||
| Other liabilities | 7,555 | |||
| Operating lease, liability | 13,999 | |||
| Derivative instruments and hedges, liabilities | ||||
| Other undisclosed noncurrent liabilities | 20,188 | |||
| Total noncurrent liabilities: | 70,812 | |||
| Total liabilities: | 118,770 | |||
| Equity | ||||
| Equity, attributable to parent, including: | 212,970 | |||
| Common stock | 34 | |||
| Additional paid in capital | 1,033,393 | |||
| Accumulated other comprehensive loss | (3) | |||
| Accumulated deficit | (820,454) | |||
| Warrants and rights outstanding | 20,188 | |||
| Other undisclosed equity, attributable to parent | (20,188) | |||
| Total equity: | 212,970 | |||
| TOTAL LIABILITIES AND EQUITY: | 331,740 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|
| Revenues | 7,385 | ||
| Cost of revenue | (37,872) | ||
| Gross profit: | (30,487) | ||
| Operating expenses | (140,875) | ||
| Operating loss: | (171,362) | ||
| Nonoperating income | 14,077 | ||
| Other nonoperating income | 3,560 | ||
| Interest and debt expense | (24) | ||
| Loss from continuing operations before equity method investments, income taxes: | (157,309) | ||
| Other undisclosed income from continuing operations before income taxes | 24 | ||
| Loss from continuing operations before income taxes: | (157,285) | ||
| Income tax expense | (6) | ||
| Loss from continuing operations: | (157,291) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (157,291) | |
| Net loss available to common stockholders, diluted: | (157,291) | ||
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|
| Net loss: | (157,291) | ||
| Other comprehensive loss | (137) | ||
| Comprehensive loss: | (157,428) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 274 | ||
| Comprehensive loss, net of tax, attributable to parent: | (157,154) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.