Vertical Aerospace (EVTL) Operating Expenses (2021 - 2026)
Vertical Aerospace (EVTL) posted Operating Expenses of -$55.1 million for Q1 2026, down 136.64% on a QoQ basis from $150.4 million in Q4 2025, and down 111.38% year-over-year from $484.5 million in Q1 2025.
Vertical Aerospace (EVTL) Operating Expenses (2021 - 2026) Analysis & Trends
Vertical Aerospace's Operating Expenses history runs 6 years deep, the most recent figure standing at -$55.1 million for 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 was -$55.1 million for Q1 2026 at Vertical Aerospace, down from $150.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $150.4 million in Q4 2025 and bottomed at -$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.
- Peak annual rise in Operating Expenses reached 382.67% in 2024, while the deepest fall reached 1826.25% in 2024.
- Vertical Aerospace's Operating Expenses stood at $91.8 million in 2022, then slumped by 69.6% to $27.9 million in 2023, then soared by 382.67% to $134.7 million in 2024, then gained by 11.68% to $150.4 million in 2025, then slumped by 136.64% to -$55.1 million in 2026.
- Business Quant data shows EVTL's Operating Expenses at -$55.1 million in Q1 2026, $150.4 million in Q4 2025, and -$104.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 369.74 Bn | 360.40 Bn | -3.10 Bn | 10.86 Bn |
| 2 | Rtx | 286.79 Bn | 278.48 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 168.91 Bn | 148.89 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 132.03 Bn | 128.24 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 111.81 Bn | 109.37 Bn | 854.00 Mn | 27.00 Mn |
| 6 | General Dynamics | 101.89 Bn | 97.56 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 75.58 Bn | 73.27 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 72.49 Bn | 68.61 Bn | 1.51 Bn | 273.00 Mn |
| 9 | L3Harris Technologies | 50.52 Bn | 49.93 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Vertical Aerospace | 111.71 Mn | 111.61 Mn | - | -55.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |