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Financial Statements — EVTL
Balance Sheet
(in billions GBP)| Metric | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 | Q4 2022 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.07 | 0.06 | 0.02 | 0.07 | 0.05 | 0.09 | 0.06 | 0.16 | 0.21 |
| Total Current Assets | 0.10 | 0.08 | 0.04 | 0.09 | 0.08 | 0.11 | 0.14 | 0.17 | 0.23 |
| Total Non-current Assets | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Assets | 0.11 | 0.09 | 0.05 | 0.09 | 0.08 | 0.12 | 0.15 | 0.18 | 0.23 |
| Total Current Liabilities | 0.22 | 0.26 | 0.54 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 |
| Total Non-current Liabilities | 0.00 | 0.01 | 0.01 | 0.12 | 0.12 | 0.11 | 0.12 | 0.10 | 0.12 |
| Total Liabilities | 0.23 | 0.26 | 0.55 | 0.14 | 0.13 | 0.12 | 0.14 | 0.12 | 0.17 |
| Retained Earnings | (0.92) | (0.90) | (1.15) | (0.41) | (0.39) | (0.35) | (0.34) | (0.27) | (0.25) |
| Total Stockholder Equity | (0.12) | (0.18) | (0.50) | (0.04) | (0.05) | -0.00 | 0.01 | 0.06 | 0.06 |
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Income Statement
(in millions GBP) (except per-share rows)| Metric | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 |
|---|---|---|---|---|
| Total Revenue | -- | -- | -- | 0.07 |
| Cost of Revenue* | -- | -- | -- | 0.03 |
| Gross Profit | -- | -- | -- | 0.04 |
| Research & Development | 11.57 | 31.95 | 27.50 | 19.40 |
| Total Operating Expenses* | -- | -- | -- | 39.50 |
| Operating Income | (23.05) | (19.94) | (35.96) | (39.45) |
| Pretax Income | (147.88) | (23.57) | (11.77) | (17.02) |
| Tax Provision | (3.12) | (6.45) | -- | -- |
| Net Income | (144.76) | (17.12) | (11.77) | (17.02) |
| Basic EPS | (1.76) | (0.09) | (0.06) | (0.10) |
| Diluted EPS | (1.76) | (0.09) | (0.06) | (0.10) |
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* Derived from reported values
Cash Flow Statement
(in millions GBP)| Metric | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 |
|---|---|---|---|---|
| Operating Cash Flow | (26.30) | (1.65) | (33.06) | (58.39) |
| Investing Cash Flow | 1.04 | 0.78 | 60.85 | (0.56) |
| Financing Cash Flow | 66.78 | 19.14 | (0.17) | (0.23) |
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