Vertical Aerospace (EVTL) Operating Expenses (2021 - 2026)
Vertical Aerospace's (EVTL) quarterly Operating Expenses came in at -$55.1 million in Q1 2026, down 111.38% YoY from $484.5 million in Q1 2025, and down 136.64% on a QoQ basis from $150.4 million in Q4 2025.
Vertical Aerospace (EVTL) Operating Expenses (2021 - 2026) Analysis & Trends
Vertical Aerospace (EVTL) has 6 years of Operating Expenses data on file, last reported at -$55.1 million in Q1 2026.
- Quarterly Operating Expenses fell 111.38% year-over-year to -$55.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$10.7 million (down 594.62% YoY) and the FY2025 annual result came in at $95.8 million, up 24.58% from the prior year.
- Operating Expenses fell to -$55.1 million in Q1 2026, from $150.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $150.4 million in Q4 2025 to a low of -$115.0 million in Q3 2024.
- A 5-year average of $8.0 million and a median of $6.7 million in 2023 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 382.67% in 2024, down 1826.25% in 2024.
- Tracing EVTL's Operating Expenses over 5 years: stood at $91.8 million in 2022, then plunged by 69.6% to $27.9 million in 2023, then jumped by 382.67% to $134.7 million in 2024, then increased by 11.68% to $150.4 million in 2025, then plunged by 136.64% to -$55.1 million in 2026.
- The last three Operating Expenses figures came in at -$55.1 million (Q1 2026), $150.4 million (Q4 2025), and -$104.6 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 332.00 Mn |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 848.00 Mn |
| 10 | Vertical Aerospace | 100.53 Mn | 33.45 Mn | - | 39.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.90 Mn |
| Mar 31, 2026 | -55.13 Mn |
| Dec 31, 2025 | 150.44 Mn |
| Sep 30, 2025 | -104.60 Mn |
| Jun 30, 2025 | -1.38 Mn |
| Mar 31, 2025 | -26.08 Mn |
| Dec 31, 2024 | 134.70 Mn |
| Sep 30, 2024 | -114.95 Mn |
| Jun 30, 2024 | 8.49 Mn |
| Mar 31, 2024 | -29.75 Mn |
| Dec 31, 2023 | 27.91 Mn |
| Sep 30, 2023 | 6.66 Mn |
| Jun 30, 2023 | 34.52 Mn |
| Dec 31, 2022 | 91.81 Mn |
| Sep 30, 2022 | -22.58 Mn |
| Jun 30, 2022 | 19.75 Mn |
| Dec 31, 2021 | 48.42 Mn |
| Sep 30, 2021 | -14.02 Mn |