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
DateValue
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