Vertical Aerospace Ltd. ( (EVTL) ) has released its Q3 earnings. Here is a breakdown of the information Vertical Aerospace Ltd. presented to its investors.
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Vertical Aerospace Ltd., a global aerospace and technology company, is pioneering electric aviation with its innovative eVTOL aircraft designed for safer, cleaner, and quieter travel. The company recently provided a third-quarter update, highlighting significant progress in its flight testing and business strategy. Vertical Aerospace is on the brink of entering the piloted transition flight test phase for its VX4 aircraft, with full transition flights anticipated by the end of the year. The company also unveiled the design of its certification aircraft, boasting the largest cabin in its sector, aimed at enhancing passenger comfort and operational flexibility.
Key financial and strategic highlights include a refined operational outlook with a target of producing at least 175 aircraft by 2030, and a run-rate of over 225 aircraft annually by the end of that year. Vertical Aerospace aims for a 20% gross margin by 2030, increasing to approximately 40% at scale, and expects to achieve positive net operating cash flow exceeding $100 million by 2030. The company remains on track to meet its 2025 net operating cash outflow guidance, supported by disciplined cost controls and capital efficiency.
Vertical Aerospace is set to reveal its new full-size aircraft design at a London event in December 2025. The company is also progressing towards UK/European certification, which is expected by 2028, with a forecasted cost of approximately $700 million. The company has approximately £89 million ($117 million) in cash and cash equivalents, projected to fund operations until mid-2026, with expected net cash outflows for the next 12 months primarily allocated to prototype testing and certification development.
Looking ahead, Vertical Aerospace is poised to redefine the electric aviation market with its advanced eVTOL platform. The company is committed to delivering on its targets, leveraging its partnerships and proprietary technology to achieve certification and commercial viability. With a clear path to profitability and a focus on safety and efficiency, Vertical Aerospace is set to make significant strides in the aerospace industry.