Vertical Aerospace Ltd.EVTL
What Vertical Aerospace Ltd. does.
Our vision is to transform how the world moves. We are a global aerospace and technology company that is pioneering electric aviation, focused on designing, manufacturing and selling a zero operating emission electric vertical takeoff and landing (“eVTOL”) aircraft for use in the advanced air mobility (“AAM”) market, using cutting edge technology from the aerospace, automotive and energy industries.
Founded in 2016, we draw on deep aerospace and automotive expertise. We designed, built and flew two sub-scale prototype eVTOL aircraft in 2018 and 2019. We are currently developing, and are progressing towards the certification of, our flagship eVTOL, Valo (previously known as the VX4). Our first full-scale prototype successfully concluded its remote thrustborne flight test campaign in August 2023.
Our second, more advanced, full-scale prototype commenced flight tests in July 2024. In January 2025, we took another significant step in our testing program by successfully completing our first piloted thrustborne flight maneuvers. The milestone was achieved after we received approval from the CAA to expand our Permit to Fly, enabling us to progress from piloted thrustborne hover to piloted thrustborne low-speed flight maneuvers at altitude.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $87,000 | $132,000 | — | — | — | — |
| Net income | -$12.3M | -$245.2M | -$94.4M | -$59.9M | -$781.2M | $232.9M |
| Free cash flow | -$12.2M | -$28.3M | -$105.2M | -$76.8M | -$46.7M | -$83.1M |
More on EVTL.
- Vertical Aerospace Ltd. summary
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- Vertical Aerospace Ltd. earnings
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- Vertical Aerospace Ltd. ownership and insiders
- Vertical Aerospace Ltd. peers
Figures from Vertical Aerospace Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.