Vertical Aerospace (EVTL) Operating Expenses (2021 - 2026)

Vertical Aerospace has reported Operating Expenses for 6 years, with the latest figure at -$55.1 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 111.38% year-over-year to -$55.1 million; the trailing twelve-month figure through Mar 2026 stood at -$10.7 million (down 594.62% YoY), and the FY2025 full-year result was $95.8 million, up 24.58% from the prior year.
• Operating Expenses for Q1 2026 stood at -$55.1 million, down from $150.4 million in the prior quarter.
• The five-year high for Operating Expenses was $150.4 million in Q4 2025, with the low at -$115.0 million in Q3 2024.
• Historically, Operating Expenses has averaged $10.7 million across 5 years, with a median of $7.6 million in 2023.
• The largest YoY upside for Operating Expenses was 382.67% in 2024 against a maximum downside of 1826.25% in 2024.
• Vertical Aerospace's Operating Expenses 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.