Vertical Aerospace Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	-	-	-	-	-	0.13
Revenue Growth (YoY)	-	-	-	-	-	51.72%
Cost of Revenue	-	-	-	-	-	0.06
Gross Profit	-	-	-	-	-	0.07
Selling, General & Admin	59.42	53.63	44.69	40.9	54.89	264.37
Research & Development	86.36	71.99	59.89	65.37	49.13	24.29
Other Operating Expenses	-10.91	1.83	-43.41	-4.33	-5.91	-11.35
Total Operating Expenses	134.87	127.44	61.17	101.95	98.11	277.31
Operating Income	-134.87	-127.44	-61.17	-101.95	-98.11	-277.24
Interest Income	21.12	330.22	-685.08	35.8	32.23	32.59
Interest Expense	-157.53	-0.19	-34.95	-16.46	-28.49	-0.58
Other Non-Operating Income (Expense)	103.01	-	-	-	-	-
Total Non-Operating Income (Expense)	-33.4	330.03	-720.03	19.34	3.73	32.02
Pretax Income	-115.38	202.59	-781.2	-82.61	-94.38	-245.22
Provision for Income Taxes	-13.39	-30.34	0.05	-22.66	-	-
Net Income	-101.99	232.93	-781.24	-59.95	-94.38	-245.22
Net Income to Common	-101.99	232.93	-781.24	-59.95	-94.38	-245.22
Shares Outstanding (Basic)	94	89	20	19	18	12
Shares Outstanding (Diluted)	125	127	20	19	18	12
Shares Change (YoY)	181.11%	526.01%	6.22%	6.56%	44.58%	-
EPS (Basic)	-1.51	2.63	-38.46	-3.13	-5.26	-19.80
EPS (Diluted)	-2.59	-0.57	-38.46	-3.13	-5.26	-19.80
Free Cash Flow	-98.65	-83.05	-46.72	-76.8	-105.15	-28.34
Free Cash Flow Per Share	-0.79	-0.65	-2.30	-4.02	-5.86	-2.28
Gross Margin	-	-	-	-	-	51.52%
Operating Margin	-	-	-	-	-	-210030.00%
Profit Margin	-	-	-	-	-	-185776.00%
FCF Margin	-	-	-	-	-	-21469.70%
EBITDA	-132.84	-125.49	-58.46	-99.23	-95.93	-276.3
EBITDA Margin	-	-	-	-	-	-209316.00%
EBIT	-134.87	-127.44	-61.17	-101.95	-98.11	-277.24
EBIT Margin	-	-	-	-	-	-210030.00%
Effective Tax Rate	11.60%	-14.98%	-0.01%	27.43%	0.00%	0.00%

SEC Filings: 10-K · 10-Q