Vertical Aerospace annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Vertical Aerospace Operating Expenses Growth & History (EVTL)
Vertical Aerospace's operating expenses was £127.4M for fiscal 2025.
View full Vertical Aerospace company overviewVertical Aerospace annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | £127.4M | £38.4M | +43.06% |
| 2024 | 2024-12-31 | £89.1M | −£12.9M | −12.62% |
| 2023 | 2023-12-31 | £101.9M | £3.8M | +3.92% |
| 2022 | 2022-12-31 | £98.1M | −£179.2M | −64.62% |
| 2021 | 2021-12-31 | £277.3M | £265.7M | +2299.26% |
| 2020 | 2020-12-31 | £11.6M | £4.1M | +55.10% |
| 2019 | 2019-12-31 | £7.5M | — | — |
Vertical Aerospace quarterly operating expenses
Q4.24
Q1.25
Q2.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | £36.7M | £18.4M | +100.37% |
| Q1 2026 | 2026-03-31 | £30.0M | £7.0M | +30.65% |
| Q4 2025 | 2025-12-31 | £60.6M | £3.1M | +5.45% |
| Q2 2025 | 2025-06-30 | £18.3M | — | — |
| Q1 2025 | 2025-03-31 | £22.9M | — | — |
| Q4 2024 | 2024-12-31 | £57.5M | — | — |
Vertical Aerospace operating expenses trends
Over the last five fiscal years, Vertical Aerospace's operating expenses increased from £11.6M to £127.4M, a change of £115.9M. The latest reported quarter, Q2 2026, shows £36.7M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Vertical Aerospace source filings ↗