Vertical Aerospace (EVTL) Research & Development (2021 - 2026)
Vertical Aerospace (EVTL) posted Research & Development of -$34.5 million for Q1 2026, down 122.93% on a QoQ basis from $150.4 million in Q4 2025, and down 144.11% year-over-year from $78.2 million in Q1 2025.
Vertical Aerospace (EVTL) Research & Development (2021 - 2026) Analysis & Trends
Vertical Aerospace's Research & Development history runs 6 years deep, the most recent figure standing at -$34.5 million for Q1 2026.
- Quarterly Research & Development fell 144.11% year-over-year to -$34.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $45.2 million (up 4.58% YoY) and the FY2025 annual result came in at $95.8 million, up 24.58% from the prior year.
- Research & Development was -$34.5 million for Q1 2026 at Vertical Aerospace, down from $150.4 million in the prior quarter.
- Across five years, Research & Development topped out at $150.4 million in Q4 2025 and bottomed at -$100.1 million in Q3 2024.
- A 5-year average of $18.9 million and a median of $19.5 million in 2023 frame the typical range for Research & Development.
- Peak annual rise in Research & Development reached 382.67% in 2024, while the deepest fall reached 613.35% in 2024.
- Vertical Aerospace's 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 gained by 11.68% to $150.4 million in 2025, then sank by 122.93% to -$34.5 million in 2026.
- Business Quant data shows EVTL's Research & Development at -$34.5 million in Q1 2026, $150.4 million in Q4 2025, and -$86.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 373.11 Bn | 363.77 Bn | -3.10 Bn | 460.00 Mn |
| 2 | Rtx | 288.23 Bn | 279.93 Bn | 9.91 Bn | 726.00 Mn |
| 3 | Boeing | 167.89 Bn | 147.87 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 132.16 Bn | 128.37 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 112.88 Bn | 110.45 Bn | 854.00 Mn | 9.00 Mn |
| 6 | General Dynamics | 102.49 Bn | 98.16 Bn | 6.76 Bn | - |
| 7 | Northrop Grumman | 75.87 Bn | 73.56 Bn | 3.72 Bn | - |
| 8 | TransDigm | 72.49 Bn | 68.61 Bn | 1.51 Bn | - |
| 9 | L3Harris Technologies | 50.89 Bn | 50.30 Bn | 1.40 Bn | - |
| 10 | Vertical Aerospace | 111.71 Mn | 111.61 Mn | - | -34.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -34.49 Mn |
| Dec 31, 2025 | 150.44 Mn |
| Sep 30, 2025 | -86.22 Mn |
| Jun 30, 2025 | 15.44 Mn |
| Mar 31, 2025 | -14.13 Mn |
| Dec 31, 2024 | 134.70 Mn |
| Sep 30, 2024 | -100.06 Mn |
| Jun 30, 2024 | 22.68 Mn |
| Mar 31, 2024 | -17.74 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 | 48.42 Mn |
| Sep 30, 2021 | -7.06 Mn |