Vertical Aerospace Ltd (EVTL) financial statements: income statement, balance sheet and cash flow
Vertical Aerospace Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.
Income statement
Vertical Aerospace Ltd income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Research and development expenses
($72.0M)
($59.9M)
($65.4M)
($49.1M)
Administrative expenses
($53.4M)
($43.4M)
($40.8M)
($54.8M)
Related party administrative expenses
($276.0K)
($1.3M)
($83.0K)
($83.0K)
Other operating (expense)/income
($1.8M)
$43.4M
$4.3M
—
Operating loss
($127.4M)
($61.2M)
($101.9M)
($98.1M)
Finance income
$24.4M
$2.6M
$35.8M
—
Finance costs
($192.0K)
($34.9M)
($16.5M)
—
Related party finance income/(costs)
$305.8M
—
—
—
Net finance income/(costs)
$330.0M
($720.0M)
$19.3M
$3.7M
Profit/(loss) before tax
$202.6M
($781.2M)
($82.6M)
($94.4M)
Income tax credit/(expense)
$30.3M
($45.0K)
$22.7M
—
Net profit/(loss) for the year
$232.9M
($781.2M)
($59.9M)
($94.4M)
Foreign exchange translation differences
$7.2M
$2.4M
($6.9M)
$8.4M
Total other comprehensive income/(loss) for the year
$7.2M
$24.7M
—
—
Total comprehensive income/(loss) for the year
$240.2M
($756.5M)
($66.8M)
($85.9M)
Basic earnings/(loss) per share
$2.63
-$38.46
-$0.31
-$0.53
Diluted loss per share
-$0.57
-$38.46
-$0.31
-$0.53
Vertical Aerospace Ltd income statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Research and development expenses
($55.3M)
($22.8M)
($32.0M)
($27.5M)
Administrative expenses
($29.8M)
($22.1M)
($20.7M)
($24.3M)
Related party administrative expenses
($131.0K)
($151.0K)
($42.0K)
($42.0K)
Other operating income/(expense)
$9.5M
($4.9M)
$32.8M
—
Operating loss
($75.8M)
($49.9M)
($19.9M)
($36.0M)
Finance income
$1.0M
$28.8M
$7.4M
$32.3M
Finance costs
($10.8M)
($402.0K)
($11.0M)
($8.1M)
Related party finance (costs)/income
$106.0M
$252.9M
—
—
Net finance (costs)/income
$96.2M
$281.3M
($3.6M)
$24.2M
(Loss)/profit before tax
$20.4M
$231.4M
($23.6M)
($11.8M)
Income tax (charge)/credit
($1.7M)
$19.6M
$6.4M
—
Net (loss)/profit for the period
$18.7M
$251.0M
($17.1M)
($11.8M)
Foreign exchange translation (losses)/gains
$4.2M
$2.2M
$1.2M
($6.9M)
Total other comprehensive (loss)/income for the period
$4.2M
$2.2M
—
—
Total comprehensive (loss)/income for the period
$22.9M
$253.1M
($16.0M)
($18.7M)
Basic (loss)/earnings per share
$0.16
$3.13
-$0.09
-$0.06
Diluted (loss)/earnings per share
$0.15
-$0.02
-$0.09
-$0.06
Balance sheet
Vertical Aerospace Ltd balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Property, plant and equipment
$2.4M
$3.1M
$3.8M
$2.7M
Right of use assets
$3.0M
$2.0M
$2.5M
$3.1M
Non-current assets
$5.4M
$5.2M
$7.3M
$7.9M
Trade and other receivables
$29.5M
$18.3M
$26.4M
$18.9M
Restricted cash
$1.2M
$1.7M
$1.7M
$1.7M
Cash and cash equivalents
$69.1M
$22.6M
$48.7M
—
Current assets
$99.8M
$42.6M
$76.8M
$143.4M
Total assets
$105.2M
$47.7M
$84.1M
$151.2M
Share capital
$79.3K
$54.8K
$16.7K
$16.0K
Other reserve
$136.8M
$99.3M
$86.8M
$94.9M
Treasury share reserve
-803.0K
-803.0K
—
—
Share premium
$660.0M
$554.4M
$257.7M
$257.2M
Accumulated deficit
($917.6M)
($1.2B)
($394.3M)
($344.8M)
Total shareholders' deficit
($121.4M)
($499.3M)
($49.8M)
$7.3M
Lease liabilities
$2.3M
$1.6M
$2.0M
$2.6M
Provisions
$1.1M
$620.0K
$256.0K
$365.0K
Non-current liabilities
$3.4M
$6.2M
$115.4M
$122.4M
Financial liabilities at fair value through profit or loss
$188.5M
—
—
—
Lease liabilities
$896.0K
$581.0K
$643.0K
$516.0K
Warrant liabilities
$287.0K
$434.0K
$907.0K
$5.0M
Trade and other payables
$33.5M
$4.0M
$3.9M
$4.2M
Current liabilities
$223.2M
$540.8M
$18.4M
$21.5M
Total liabilities
$226.6M
$547.1M
$133.9M
$143.9M
Total equity and liabilities
$105.2M
$47.7M
$84.1M
$151.2M
Vertical Aerospace Ltd balance sheet, quarters
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Property, plant and equipment
$3.3M
$2.8M
$3.7M
$3.3M
Right of use assets
$2.7M
$2.1M
$2.1M
$2.8M
Restricted cash
$893.0K
—
—
$1.7M
Non-current assets
$6.9M
$4.9M
$6.3M
$7.6M
Trade and other receivables
$43.9M
$18.4M
$20.1M
$19.7M
Restricted cash
$331.0K
$1.7M
$1.7M
—
Cash and cash equivalents
$49.7M
$62.0M
$66.8M
$89.7M
Current assets
$93.9M
$82.1M
$88.5M
$111.1M
Total assets
$100.8M
$87.0M
$94.8M
$118.8M
Share capital
$107.0K
$66.8K
$16.9K
$16.5K
Other reserve
$142.9M
$126.8M
$97.3M
$91.2M
Treasury share reserve
-803.0K
-803.0K
-803.0K
—
Share premium
$721.3M
$598.5M
$273.8M
$257.8M
Accumulated deficit
($897.9M)
($900.6M)
($412.4M)
($352.6M)
Total shareholders' deficit
($34.4M)
($176.1M)
($42.1M)
($3.6M)
Lease liabilities
$2.1M
$1.5M
$1.7M
$2.3M
Provisions
$715.0K
$843.0K
$327.0K
$317.0K
Non-current liabilities
$2.8M
$6.0M
$118.8M
$107.3M
Financial liabilities at fair value through profit and loss
$93.4M
$239.8M
—
—
Lease liabilities
$837.0K
$699.0K
$558.0K
$676.0K
Trade and other payables
$38.1M
$3.6M
$4.0M
$3.9M
Current liabilities
$132.3M
$257.1M
$18.1M
$15.1M
Total liabilities
$135.2M
$263.1M
$136.9M
$122.4M
Total equity and liabilities
$100.8M
$87.0M
$94.8M
$118.8M
Cash flow statement
Vertical Aerospace Ltd cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net profit/(loss) for the year
$232.9M
($781.2M)
($59.9M)
($94.4M)
Depreciation and amortization
$1.1M
$2.0M
$2.1M
$1.8M
Depreciation on right of use assets
$860.0K
$730.0K
$658.0K
$410.0K
Net finance (income)/costs
($24.2M)
—
—
—
Related party finance (income)/costs
($305.8M)
—
—
—
Share based payment transactions
$9.7M
$7.5M
$8.8M
$23.2M
Income tax (credit)/expense
($30.3M)
$45.0K
($22.7M)
—
Cash from operations before working capital adjustments
($115.8M)
($51.8M)
($90.4M)
($70.7M)
Decrease/(increase) in trade and other receivables
$5.5M
($7.8M)
$3.8M
($6.2M)
Increase/(decrease) in trade and other payables
$13.9M
($2.6M)
$606.0K
($26.8M)
Income taxes received
$13.7M
$15.8M
$11.3M
—
Net cash flows used in operating activities
($82.8M)
($46.3M)
($74.7M)
($103.7M)
Acquisitions of property, plant and equipment
($290.0K)
($428.0K)
($2.1M)
($1.4M)
Interest received
$2.9M
$2.2M
$4.0M
—
Net cash flows from investing activities
$2.6M
$1.7M
$61.4M
($63.0M)
Proceeds from share issuance
89.0M
—
838.0K
—
Proceeds from issues of warrants
$18.0M
—
—
—
Proceeds from issues of shares to related party
22.3M
15.6M
—
—
Proceeds from issues of warrants to related party
$6.9M
$3.9M
—
—
Proceeds from exercise of warrants
$220.0K
—
—
—
Transaction costs on issuance of equity instruments
($7.5M)
—
—
—
Payments to lease creditors
($1.0M)
($771.0K)
($669.0K)
($484.0K)
Net cash flows generated from financing activities