Vertical Aerospace (EVTL) Change in Taxes (2023 - 2025)

Vertical Aerospace (EVTL) reported Change in Taxes of -$69.9 million for Q4 2025, down 443.75% on a YoY basis from $20.3 million in Q4 2024, and down 2078.74% quarter-over-quarter from $3.5 million in Q3 2025.

Vertical Aerospace (EVTL) Change in Taxes (2023 - 2025) Analysis & Trends

Vertical Aerospace has reported Change in Taxes for 3 years, with the latest figure at -$69.9 million in Q4 2025.

  • For the quarter ending Q4 2025, Change in Taxes fell 443.75% year-over-year to -$69.9 million; the trailing twelve-month figure through Dec 2025 stood at -$41.5 million (down 1162.61% YoY), and the FY2025 full-year result was -$40.4 million, down 69975.8% from the prior year.
  • Change in Taxes for Q4 2025 stood at -$69.9 million, down from $3.5 million in the prior quarter.
  • The five-year high for Change in Taxes was $20.7 million in Q1 2025, with the low at -$69.9 million in Q4 2025.
  • Historically, Change in Taxes has averaged -$4.7 million across 3 years, with a median of $3.5 million in 2025.
  • The largest YoY upside for Change in Taxes was 83.19% in 2024 against a maximum downside of 79673.27% in 2024.
  • Vertical Aerospace's Change in Taxes stood at -$16115.1 in 2023, then tumbled by 79673.27% to -$12.9 million in 2024, then sank by 443.75% to -$69.9 million in 2025.
  • The last three Change in Taxes figures came in at -$69.9 million (Q4 2025), $3.5 million (Q3 2025), and $4.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 -
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn -
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn -
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn -16.00 Mn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn 103.00 Mn
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 26.00 Mn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn -
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn -164.00 Mn
10 Vertical Aerospace 294,300.59 195,766.28 - -

Historic Data

Download Data
DateValue
Dec 31, 2025 -69.90 Mn
Dec 31, 2025 -69.90 Mn
Sep 30, 2025 3.53 Mn
Sep 30, 2025 3.53 Mn
Jun 30, 2025 4.16 Mn
Jun 30, 2025 4.16 Mn
Mar 31, 2025 20.74 Mn
Mar 31, 2025 20.74 Mn
Dec 31, 2024 -12.86 Mn
Dec 31, 2024 -12.86 Mn
Sep 30, 2024 4.69 Mn
Sep 30, 2024 4.69 Mn
Jun 30, 2024 4.89 Mn
Jun 30, 2024 4.89 Mn
Dec 31, 2023 -16,115.12
Dec 31, 2023 -16,115.12
Sep 30, 2023 2.56 Mn
Sep 30, 2023 2.56 Mn