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
DateValue
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