Vertical Aerospace (EVTL) Research & Development (2021 - 2026)
Vertical Aerospace's (EVTL) quarterly Research & Development came in at $39.9 million in Q2 2026, up 158.4% on a YoY basis from $15.4 million in Q2 2025, and up 215.69% quarter-over-quarter from -$34.5 million in Q1 2026.
Analysis
Vertical Aerospace (EVTL) Research & Development (2021 - 2026) Analysis & Trends
Vertical Aerospace (EVTL) has reported Research & Development for 6 consecutive years, with $39.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 158.4% year-over-year to $39.9 million; the trailing twelve-month figure through Jun 2026 stood at $136.4 million (up 17.56% YoY), and the FY2025 full-year result was $95.8 million, up 24.58% from the prior year.
- Research & Development climbed to $39.9 million in Q2 2026 per EVTL's latest filing, from -$34.5 million in the prior quarter.
- Across five years, Research & Development topped out at $155.7 million in Q4 2025 and bottomed at -$34.5 million in Q1 2026.
- Historically, Research & Development has averaged $32.5 million across 5 years, with a median of $22.7 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Research & Development surged 637.79% in 2022, then slumped 202.57% in 2024.
- Over 5 years, Research & Development 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 advanced by 15.59% to $155.7 million in 2025, then plunged by 74.37% to $39.9 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $39.9 million, -$34.5 million, and $155.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rtx | 270.60 Bn | 264.04 Bn | 9.91 Bn | 726.00 Mn |
| 2 | Boeing | 167.74 Bn | 147.73 Bn | 2.41 Bn | 921.00 Mn |
| 3 | Howmet Aerospace | 103.67 Bn | 103.11 Bn | 951.00 Mn | 8.00 Mn |
| 4 | Honeywell International | 66.43 Bn | 57.56 Bn | 3.65 Bn | 524.00 Mn |
| 5 | TransDigm | 64.26 Bn | 61.56 Bn | 1.63 Bn | - |
| 6 | Heico | 45.47 Bn | 45.85 Bn | 580.99 Mn | - |
| 7 | AerCap Holdings | 24.26 Bn | 24.26 Bn | - | - |
| 8 | Woodward | 20.44 Bn | 19.97 Bn | 349.91 Mn | 49.32 Mn |
| 9 | FTAI Aviation | 20.14 Bn | 19.81 Bn | 317.30 Mn | - |
| 10 | Vertical Aerospace | 59.95 Mn | 59.95 Mn | 128.28 Mn | -39.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.90 Mn |
| Mar 31, 2026 | -34.49 Mn |
| Dec 31, 2025 | 155.70 Mn |
| Sep 30, 2025 | -24.71 Mn |
| Jun 30, 2025 | 15.44 Mn |
| Mar 31, 2025 | -14.13 Mn |
| Dec 31, 2024 | 134.70 Mn |
| Sep 30, 2024 | -19.99 Mn |
| Jun 30, 2024 | 22.68 Mn |
| Dec 31, 2023 | 27.91 Mn |
| Sep 30, 2023 | 19.49 Mn |
| Jun 30, 2023 | 50.19 Mn |
| Dec 31, 2022 | 91.81 Mn |
| Sep 30, 2022 | -11.49 Mn |
| Jun 30, 2022 | 34.63 Mn |
| Dec 31, 2021 | -17.07 Mn |
| Sep 30, 2021 | -7.06 Mn |