Vertical Aerospace Ltd.

EVTLNYSEIndustrials● Active

$2.16

$-0.01(-0.23%)

Market Cap$218450048

P/E Ratio—

52W High$7.6

52W Low$1.9

Avg Volume3.3M

Open$2.24

Beta1.47

Overview

Vertical Aerospace Ltd. (EVTL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

EVTL · free cash flow · updated Jun 8, 2026

Core FCF metrics

EVTL · FCF · TTM · margin & CAGR

Free cash flow was −$78.4M for FY2025 (fiscal year ending 2025-12-31), down 67.8% year-over-year

FY2025 Free Cash Flow−$78.4M▼ -67.8% YoY

Trailing 12M (TTM)−$105.1Mtrailing 4 quarters sum

FCF Margin——

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

EVTL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$78.1M(0M)−$78.4M▼ 67.8%—

FY2024−$46.3M(0M)−$46.7M▲ +39.3%—

FY2023−$74.7M(2M)−$77.0M▲ +27.2%—

FY2022−$103.7M(2M)−$105.7M▼ 273.0%—

FY2021−$27.6M(1M)−$28.3M▼ 128.5%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

EVTL · P/FCF · FCF yield · FCF per share

Vertical Aerospace Ltd. (EVTL) reported negative free cash flow of −$0.08B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

EVTL · cash flow statement · operating / investing / financing

For FY2025, Vertical Aerospace Ltd. generated −$78.1M in operating cash flow and spent 0M in capital expenditures, yielding −$78.4M in free cash flow.

Operating Activities

−$78.1M

Cash from core business operations

2025-12-31

Investing Activities

−$0.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$125.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$78.1M) − |CapEx| (0M) = FCF (−$78.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

EVTL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Vertical Aerospace Ltd.YOU

EVTL

−$78.4M-67.8%—

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Vertical Aerospace Ltd. (EVTL) reported free cash flow of −$78.4M for FY2025 (fiscal year ending 2025-12-31), down 67.8% year-over-year.

Vertical Aerospace Ltd. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 7 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

EVTL free cash flow · 8 questions

Vertical Aerospace Ltd. free cash flow was −$78.4M for FY2025, down 67.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$105.1M.

EVTL free cash flowEVTL FCFEVTL FCF 2025EVTL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Vertical Aerospace Ltd. · Vertical Aerospace Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026