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Vertical Aerospace Ltd.

Vertical Aerospace Ltd. designs and develops electric vertical take-off and landing (eVTOL) aircraft for advanced air mobility. Its core platform, Valo, is a piloted four-passenger aircraft, and the company also develops a hybrid-electric variant and related battery and propeller technology from its base in Bristol, United Kingdom.

Liikevaihto0,0milj. USD
Liikevoitto (EBIT)203milj. USD
+366,3 %v/v
Nettotulos233milj. USD
+129,8 %v/v
Vapaa kassavirta−83,1milj. USD
−77,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−1000100200300milj. USD2022: 0,00 milj. USD2022: EBIT −79 milj. USD20222023: 0,00 milj. USD2023: EBIT −66 milj. USD20232024: 0,00 milj. USD2024: EBIT −76 milj. USD20242025: 0,00 milj. USD2025: EBIT 203 milj. USD20250,00203
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
eVTOL aircraft55 %

Piloted electric vertical take-off and landing aircraft for advanced air mobility use cases.

Hybrid-electric aircraft15 %

A hybrid-electric variant designed to extend range and mission flexibility.

Battery systems10 %

Proprietary battery technology developed for Vertical's aircraft architecture.

Propulsion and propeller systems10 %

Proprietary propeller technology and related propulsion components for eVTOL aircraft.

Engineering and certification services10 %

Development, integration, and certification work supporting aircraft commercialization.

Asiakkaat

Vertical sells to aviation and mobility customers that want pre-orders or future fleets of eVTOL aircraft for passenger transport and related operations. The company’s disclosed customer base includes airlines, lessors, and operators that can place orders for aircraft and may use third-party arrangements to fulfill certain obligations.

Airlines

Airline partners such as American Airlines and Japan Airlines that place pre-orders for future eVTOL fleets and route development.

Leasing companies

Aircraft lessors such as Avolon that buy exposure to future aircraft supply and deployment optionality.

Aircraft operators

Operators such as Bristow that may deploy eVTOL aircraft in passenger or mission-specific services.

Regional aviation and mobility customers

Customers in multiple regions that seek quiet, zero-operating-emissions air transport solutions.

Strategia

Vertical's strategy is to commercialize eVTOL aircraft by combining proprietary battery and propulsion technology with partnerships across the aerospace supply chain. It is also building a hybrid-electric variant to broaden mission range and address more use cases in advanced air mobility.

Certify and commercialize ValoKeskipitkä aikaväli

A certified aircraft is required before meaningful commercial deployment and revenue realization.

Deepen supply-chain partnershipsLyhyt aikaväli

Partnerships with established aerospace companies can improve engineering execution and industrialization.

Extend aircraft mission capabilityKeskipitkä aikaväli

Hybrid-electric development broadens market reach beyond pure urban air taxi missions.

Maantiede

Vertical is headquartered in Bristol, United Kingdom, while its customer base spans four continents. The business is global in nature because aircraft development, certification, supply-chain coordination, and eventual aircraft deliveries involve partners and customers across multiple aviation markets.

Riskit

Vertical faces development, certification, and commercialization risk typical of pre-revenue aerospace programs, where technical delays can postpone market entry. It also depends on a concentrated set of suppliers, partners, and pre-order customers, which increases execution and contract-fulfillment risk across a globally regulated industry.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Certification delay1Development and integration risk2Customer conversion risk3Partner and supplier dependence4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Certification delayVaikutus: KriittinenTodennäköisyys: Korkea

    eVTOL aircraft must satisfy demanding aviation safety and regulatory requirements before entry into service.

    Kohdistuu: Valo and hybrid-electric aircraft programs

  2. Development and integration riskVaikutus: KorkeaTodennäköisyys: Korkea

    The aircraft relies on proprietary systems and third-party aerospace components that must work together reliably.

    KohdistuuBatteryPropellerAvionicsAirframe integration
  3. Customer conversion riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Pre-orders do not guarantee final deliveries, especially in a new aircraft category with long lead times.

    KohdistuuApproximately 1500 pre-orders
  4. Partner and supplier dependenceVaikutus: KeskitasoTodennäköisyys: Korkea

    Key obligations and components may be fulfilled through third-party agreements, increasing execution complexity.

    KohdistuuHoneywellSyensqoEvolitoIsoclimaAciturri

Kirjanpito

Harkinnanvaraiset erät
Research and development expense

Most spending is likely expensed as incurred, so development intensity directly affects operating results.

Vaikutus: Large quarterly operating expense volatility

Fair value of financial liabilities

Convertible and other financing instruments can create non-cash gains or losses through remeasurement.

Vaikutus: Can materially distort reported profit or loss

Foreign currency translation

The company operates across the UK and international markets, creating translation effects in OCI.

Vaikutus: Affects comprehensive income and equity

Revenue recognition for pre-orders

Customer pre-orders and third-party fulfillment arrangements require careful assessment of contract terms and timing.

Vaikutus: Determines when, or if, revenue can be recognized

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Vertical Aerospace Ltd. (NYSE) – Aircraft | Analyysi – Clarifo