Vertical Aerospace (EVBWF) Research & Development (2021 - 2026)
Vertical Aerospace (EVBWF) posted Research & Development of -$34.5 million for Q1 2026, down 122.93% on a QoQ basis from $150.4 million in Q4 2025, and down 144.11% year-over-year from $78.2 million in Q1 2025.
Vertical Aerospace (EVBWF) has 6 years of Research & Development data on file, last reported at -$34.5 million in Q1 2026.
- In Q1 2026, Research & Development fell 144.11% year-over-year to -$34.5 million; the TTM figure through Mar 2026 stood at $45.2 million (up 4.58% YoY), while the FY2025 annual figure was $95.8 million, up 24.58% from the prior year.
- Research & Development declined to -$34.5 million in Q1 2026, from $150.4 million in the prior quarter.
- Across five years, Research & Development topped out at $150.4 million in Q4 2025 and bottomed at -$100.1 million in Q3 2024.
- A 5-year average of $21.5 million and a median of $21.1 million in 2023 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 382.67% in 2024, down 613.35% in 2024.
- Year by year, Research & Development stood at $91.8 million in 2022, then tumbled by 69.6% to $27.9 million in 2023, then surged by 382.67% to $134.7 million in 2024, then rose by 11.68% to $150.4 million in 2025, then slumped by 122.93% to -$34.5 million in 2026.
- The last three Research & Development figures came in at -$34.5 million (Q1 2026), $150.4 million (Q4 2025), and -$86.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 338.65 Bn | 327.91 Bn | 9.11 Bn | 440.00 Mn |
| 2 | Rtx | 242.18 Bn | 237.08 Bn | 9.08 Bn | 627.00 Mn |
| 3 | Boeing | 182.15 Bn | 161.24 Bn | 2.55 Bn | 903.00 Mn |
| 4 | Lockheed Martin | 121.95 Bn | 120.06 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 103.56 Bn | 101.12 Bn | 854.00 Mn | 9.00 Mn |
| 6 | General Dynamics | 93.70 Bn | 90.05 Bn | 9.09 Bn | - |
| 7 | Embraer | 89.60 Bn | 86.98 Bn | - | - |
| 8 | Rocket Lab | 86.87 Bn | 85.59 Bn | 76.49 Mn | 80.51 Mn |
| 9 | Northrop Grumman | 80.10 Bn | 78.01 Bn | 3.45 Bn | - |
| 10 | Vertical Aerospace | - | - | - | -34.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -34.49 Mn |
| Dec 31, 2025 | 150.44 Mn |
| Sep 30, 2025 | -86.22 Mn |
| Jun 30, 2025 | 15.44 Mn |
| Mar 31, 2025 | -14.13 Mn |
| Dec 31, 2024 | 134.70 Mn |
| Sep 30, 2024 | -100.06 Mn |
| Jun 30, 2024 | 22.68 Mn |
| Dec 31, 2023 | 27.91 Mn |
| Sep 30, 2023 | 19.49 Mn |
| Jun 30, 2023 | 50.19 Mn |
| Dec 31, 2022 | 91.81 Mn |
| Sep 30, 2022 | -11.49 Mn |
| Jun 30, 2022 | 34.63 Mn |
| Dec 31, 2021 | 48.42 Mn |
| Sep 30, 2021 | -7.06 Mn |