Vertical Aerospace (EVTL)
Develops Valo for certification and commercial production.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 7, 2026 | Cantor Fitzgerald | Downgrade | ||
| Apr 20, 2026 | Canaccord Genuity | Reiterate | Rating: —Target: $15 | Target: $10.50 |
| Feb 23, 2026 | Raymond James | Downgrade | ||
| Dec 15, 2025 | Needham | Reiterate | Rating: —Target: — | Target: $11 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $66.3M · Total debt $127.8M · Total assets $133.6M · Shareholders' equity −$45.6M
- Revenue
- $0
- Operating income
- −$46.6M
- Net income
- −$56.5M
Reported in GBP, converted at the latest exchange rate
No dividends on record.
| Institutions | 76.93% | 97.95M ADS | |
|---|---|---|---|
| 86 holders · as of Jun 30, 2026 | |||
| Other | 23.07% | 29.38M ADS | |
| remainder | |||
127.33M ADS as of Aug 31, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Mudrick Capital Management, L.P.Institution | 40.96% | 52.16M ADS | as of Jun 30, 2026 |
Saba Capital Management, L.P.Institution | 8.26% | 10.52M ADS | as of Jun 30, 2026 |
Ilex Capital Partners (UK) LLPInstitution | 4.71% | 6.00M ADS | as of Jun 30, 2026 |
Frontier Capital Management Co LLCInstitution | 4.24% | 5.40M ADS | as of Jun 30, 2026 |
Millennium Management LLCInstitution | 3.67% | 4.67M ADS | as of Jun 30, 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 |
- Joby Aviation
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- Archer Aviation
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- Eve
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- EHang (ADR)
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vertical Aerospace | $0.6608 | +4.87% | $80.2M | — | — | — | — |
| Joby Aviation | $6.40 | −0.15% | $6.31B | — | — | 54.2 | +257,493.3% |
| Archer Aviation | $5.64 | +3.85% | $4.12B | — | — | 597.8 | — |
| Eve | $2.13 | +1.67% | $728.0M | — | — | — | — |
| EHang (ADR) | $4.65 | −1.63% | $175.5M | — | — | 3.4 | −44.1% |
| Median | — | — | 54.2 | +128,724.6% |