Vertical Aerospace
Develops Valo for certification and commercial production.
Something off on this page? Send us feedback.
Profile
Develops Valo, a piloted electric vertical-take-off-and-landing aircraft, using in-house battery and propeller work alongside supplier systems. The business is pre-commercial and depends on certification, partner systems, test aircraft and additional capital.
Develops Valo, a piloted electric vertical-take-off-and-landing aircraft, while the VX4 prototype fleet completes flight testing. The work combines in-house battery and propeller development with aerospace partners’ systems, rather than manufacturing a portfolio of certified aircraft. The programme is built around a single aircraft family.
Commercial progress rests on completing critical design review, assembling pre-production aircraft and meeting the UK Civil Aviation Authority’s certification requirements, with concurrent European validation planned. Customer interest spans several continents, but the business remains pre-commercial. Delivery depends on certification activities, partner-supplied systems, test aircraft and access to additional capital.
Company facts
Categories
Key statistics
Year to date −88.3% · Average volume (30d) 7.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 7, 2026 | Cantor Fitzgerald | Downgrade | Overweight | Neutral | ||
| Apr 20, 2026 | Canaccord Genuity | Reiterate | Buy | $15 | $10.50 | |
| Feb 23, 2026 | Raymond James | Downgrade | Market Perform | Underperform | ||
| Dec 15, 2025 | Needham | Reiterate | Buy | $11 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.40 | −$0.42 | −3.9% | — | — | — | +1.42% |
| May 6, 2026Q1 FY26 | −$0.42 | −$0.40 | +4.8% | — | — | — | −1.47% |
| Mar 24, 2026Q4 FY25 | −$0.38 | −$0.39 | −2.6% | — | — | — | −7.99% |
| Nov 4, 2025Q3 FY25 | −$0.33 | −$0.32 | +3.4% | — | — | — | +3.06% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | −$5.4M | −$12.8M | −$909.1K | −$945.0K | −$5.9M | −$662.6K | |
| Operating income | −$36.4M | −$62.4M | −$52.8M | −$81.9M | −$46.4M | −$47.3M | |
| Net income | $535.6M | −$391.9M | $43.7M | −$75.6M | $82.3M | −$57.3M | |
| Diluted EPS | $5.86 | −$4.76 | −$0.32 | −$0.55 | −$0.41 | −$0.43 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $67.3M · Total debt $129.7M · Total assets $135.6M · Shareholders' equity −$46.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 127.33M · Float 123.35M · 96.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Mudrick Capital Management, L.P. | 214.70M | 64.20% | 13D | Aug 14, 2026 |
| Saba Capital Management, L.P. | 15.81M | 12.02% | 13G | May 15, 2026 |
| Fitzpatrick Stephen James | 8.49M | 8.10% | 13D | Nov 19, 2025 |
| Islet Management, LP | 7.50M | 7.33% | 13G | Apr 3, 2026 |
| Citadel Advisors LLC | 6.71M | 5.27% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 15, 2026 | Saba Capital Management, L.P. | 10 percent owner | −676,518 | $2.69 |
Peers
- Joby Aviation
Piloted electric air taxi with four-passenger cabin
- Archer Aviation
Piloted Midnight air-taxi aircraft; direct Valo patent dispute
- Eve
Piloted four-passenger eVTOL for urban and regional air mobility
- EHang (ADR)
Autonomous dual-seat passenger eVTOL already certified in China
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vertical Aerospace | $0.6889 | +1.26% | $87.0M | — | — | — | — |
| Joby Aviation | $7.01 | +0.57% | $6.87B | — | — | 59.0 | +257,493.3% |
| Archer Aviation | $5.75 | 0.00% | $4.37B | — | — | 633.0 | — |
| Eve | $2.29 | −0.85% | $804.6M | — | — | — | — |
| EHang (ADR) | $4.60 | +2.22% | $167.4M | — | — | 3.2 | −44.1% |
| Median | — | — | 59.0 | +128,724.6% |