EVTL

MKT CAP:$241M

Vertical Aerospace Ltd.

Market Cap

$241M

Industrials·Aerospace & Defense·🇬🇧 United Kingdom·NYSE

Industrials·Aerospace·🇬🇧·NYSE

Stock Price

$2.47-$3.36 (-57.63%)

Apr 23, 2026

Company Details

Vertical Aerospace Ltd. engages in designing, manufacturing, and selling electric aircraft. It offers VX4, an electric vertical take-off and landing vehicle. The company was founded in 2016 and is headquartered in Bristol, the United Kingdo...

CEO

Stuart Simpson

IPO Date

Nov 2, 2020

Website

www.vertical-aerospace.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$573M

EPS (Diluted)

-$14.53

Free Cash Flow

-$102M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 24, 2026

$0EPS -$0.76

Q4 2025

Mar 24, 2026

$0EPS -$0.55

Q3 2025

Nov 4, 2025

$0EPS -$0.32

Q2 2025

Jun 30, 2025

$0EPS -$4.75

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$47.2K	$2.7K	-$5M
Q4 19	$47.2K	$2.7K	-$5M
Q2 20	$29.3K	$14.5K	-$6M
Q4 22	$0	$0	-$25M
Q2 25	$0	-$13M	-$62M
Q3 25	$0	-$673.0K	-$39M
Q4 25	$0	-$698.6K	-$61M

Valuation

Quarter	P/S	P/E
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 22	4772.0x	—
Q2 25	6887.2x	—
Q3 25	15130.7x	—
Q4 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	-$5M	-$6M
Q4 19	-$5M	-$6M
Q2 20	-$5M	-$5M
Q4 22	-$21M	-$21M
Q2 25	-$8M	-$8M
Q3 25	-$34M	-$34M
Q4 25	-$39M	-$39M

Capital Expenditures

Quarter	CapEx
Q2 19	$1M
Q4 19	$1M
Q2 20	$28.3K
Q4 22	$215.7K
Q2 25	$217.1K
Q3 25	$74.2K
Q4 25	$40.4K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 25	-100.0%	+1126.2%
Q3 25	-100.0%	+671.5%
Q4 25	-100.0%	+929.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$0	0.0%
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q4 22	$985.6K	—
Q2 25	$6M	—
Q3 25	$0	—
Q4 25	$0	—

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 19	$3M	$2M	—	—
Q4 19	$3M	$2M	—	—
Q2 20	$4M	$1M	—	—
Q4 22	$13M	$13M	—	—
Q2 25	$31M	$20M	$1M	—
Q3 25	$21M	—	—	$18M
Q4 25	$37M	—	—	$23M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 19	$346.8K	$0	$346.8K
Q4 19	$1M	$0	$1M
Q2 20	$0	$0	$0
Q4 20	$1M	$0	$1M
Q2 21	$1M	$0	$1M
Q4 21	$287M	$0	$287M
Q2 22	$212M	$0	$212M
Q2 23	$0	$0	$0
Q2 24	$90M	$0	$90M
Q4 24	$30M	$0	$30M
Q1 25	$123M	$0	$123M
Q2 25	$84M	$0	$84M
Q3 25	$126M	$0	$126M
Q4 25	$95M	$0	$95M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	10M	—	—
Q4 19	10M	0.0%	—
Q2 20	8M	-17.4%	—
Q4 22	18M	+111.7%	—
Q2 25	82M	+361.4%	+707.0%
Q3 25	135M	+64.6%	+1228.2%
Q4 25	102M	-25.0%	+1105.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 22	$0	330
Q2 25	$0	359
Q3 25	$0	359
Q4 25	$0	454

Revenue / Employee