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Vertical Aerospace Ltd.

Vertical Aerospace Ltd.

NYSE•EVTL
CEO: Mr. Stuart Simpson
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 2020-11-02
Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd. was founded in 2016 and is headquartered in Bristol, the United Kingdom.
Contact Information
Camwal Court, Unit 1 Chapel Street, Bristol, BS2 0UW, United Kingdom
44-11-7457-2094
www.vertical-aerospace.com
Market Cap
$603.71M
P/E (TTM)
-0.1
39
Dividend Yield
--
52W High
$10.64
52W Low
$2.76
52W Range
42%
Rank64Top 94.9%
1.7
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 1.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q3 2025 Data

Revenue

$0.00+0.00%
4-Quarter Trend

EPS

$0.34-122.97%
4-Quarter Trend

FCF

-$33.41M+39.86%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Operating Loss Significantly Reduced Operating loss narrowed 40% to £61.2M in 2024 from £102.0M in 2023, reflecting improved R&D expense management.
Other Income Surged 904% Other operating income increased 904% to £43.4M, driven mainly by the £27.9M cash payment from Rolls-Royce settlement.
R&D Expenses Decreased 8% Total research and development expenses fell 8% to £59.9M in 2024, showing cost control during heavy development phase.
Financing Cash Flow Increased Net cash from financing activities rose to £18.8M in 2024, reflecting proceeds from the SF Investment and other capital activities.

Risk Factors

Going Concern Material Uncertainty Recurring losses and dependency on raising additional capital indicate material uncertainty regarding ability to continue operations.
Massive Net Finance Costs Net finance costs reached £720.0M in 2024, primarily due to fair value movements related to Convertible Senior Secured Notes modification.
Shareholder Dilution Risk Partial conversion of Convertible Notes issued 47.3M shares, increasing outstanding shares and potential future dilution risk.
Aircraft Certification Delays Failure to obtain timely regulatory approvals for the VX4 aircraft could severely impact overall timetable and commercialization.

Outlook

Flightpath 2030 Targets Set Strategy targets VX4 certification in 2028 and achieving annual production rate exceeding 200 units by Q4 2030.
Need Additional Capital Post-2025 Current resources project funding operations only through Q4 2025; additional capital is required to meet ongoing business plans.
Focus on Strategic Partnerships Continue forging partnerships globally to extend business models, support infrastructure development, and scale production.
Scaling Operations Increase Costs Administrative expenses are expected to increase due to scaling operations, hiring personnel, and supporting compliance requirements.

Peer Comparison

Revenue (TTM)

Kforce Inc.KFRC
$1.34B
-5.9%
Covenant Logistics Group, Inc.CVLG
$1.15B
+1.6%
Smith & Wesson Brands, Inc.SWBI
$466.39M
-9.4%

Gross Margin (Latest Quarter)

EHang Holdings LimitedEH
60.8%
-0.4pp
Byrna Technologies Inc.BYRN
60.1%
-2.3pp
Park Aerospace Corp.PKE
34.1%
+7.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ADSE$747.32M-8.7234.1%27.7%
TATT$678.61M43.211.1%7.8%
CVLG$649.91M20.87.5%30.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 10, 2026
|
EPS:-$0.38
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 11, 2025|
    Revenue: $0.00+0.0%
    |
    EPS: $-49.15-1128.8%
    N/A

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 14, 2024|
    Revenue: $0.00+0.0%
    |
    EPS: $-3.89+40.5%
    N/A

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Mar 22, 2023|
    Revenue: $0.00-100.0%
    |
    EPS: $-6.48+73.4%
    N/A

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 29, 2022|
    Revenue: $181.55K+51.7%
    |
    EPS: $-27.18-1506.5%
    N/A