Vertical Aerospace (EVTL) Research & Development (2021 - 2026)
Vertical Aerospace's (EVTL) quarterly Research & Development came in at -$34.5 million in Q1 2026, down 144.11% YoY from $78.2 million in Q1 2025, and down 122.93% on a QoQ basis from $150.4 million in Q4 2025.
Vertical Aerospace (EVTL) Research & Development (2021 - 2026) Analysis & Trends
Vertical Aerospace (EVTL) has 6 years of Research & Development data on file, last reported at -$34.5 million in 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 declined to -$34.5 million in Q1 2026, from $150.4 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $150.4 million in Q4 2025 to a low of -$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.
- The widest YoY moves for Research & Development: up 382.67% in 2024, down 613.35% in 2024.
- Tracing EVTL's Research & Development over 5 years: 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 tumbled by 122.93% to -$34.5 million in 2026.
- The last three Research & Development figures came in at -$34.5 million (Q1 2026), $150.4 million (Q4 2025), and -$86.2 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 460.00 Mn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 726.00 Mn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 8.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | - |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | - |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | - |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | - |
| 10 | Vertical Aerospace | 100.53 Mn | 33.45 Mn | - | 39.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.90 Mn |
| 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 |