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EVEX

Eve Holding, Inc.

EVEX

Eve Holding, Inc. • NYSE
$3.94 ▲ 5.07% (+0.19)
Market Cap $1.19 B
52w High $7.70
52w Low $2.83
Dividend Yield 0%
P/E -5.97
Volume 648.05K
Outstanding Shares 300.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $51.545M ▼ $-46.866M ▲ 0% $-0.144 ▲ $-42.617M ▲
Q2-2025 $0 $53.877M ▲ $-64.685M ▼ 0% $-0.21 ▼ $-61.756M ▼
Q1-2025 $0 $52.603M ▲ $-48.784M ▼ 0% $-0.16 ▼ $-47.026M ▼
Q4-2024 $0 $39.895M ▼ $-40.696M ▼ 0% $-0.14 ▼ $-39.758M ▼
Q3-2024 $0 $40.83M $-35.787M 0% $-0.12 $-34.459M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $411.656M ▲ $439.676M ▲ $255.617M ▲ $184.059M ▲
Q2-2025 $242.738M ▼ $260.992M ▼ $247.556M ▲ $13.436M ▼
Q1-2025 $287.606M ▼ $304.181M ▼ $228.04M ▲ $76.141M ▼
Q4-2024 $303.378M ▲ $318.242M ▲ $194.319M ▲ $123.923M ▼
Q3-2024 $279.83M $289.522M $125.857M $163.665M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-46.866M ▲ $-53.975M ▲ $-149.732M ▼ $229.863M ▲ $22.551M ▲ $-60.707M ▼
Q2-2025 $-64.685M ▼ $-55.646M ▼ $26.742M ▲ $11.202M ▲ $-12.258M ▼ $-56.904M ▼
Q1-2025 $-48.784M ▼ $-24.878M ▲ $18.536M ▲ $9.277M ▼ $3.144M ▼ $-25.342M ▲
Q4-2024 $-40.696M ▼ $-38.676M ▼ $5.785M ▲ $65.245M ▼ $33.664M ▲ $-39.891M ▼
Q3-2024 $-35.787M $-30.722M $-81.236M $108.781M $-5.518M $-33.958M

Five-Year Company Overview

Income Statement

Income Statement Eve is still in the pre‑revenue stage, so its income statement is driven almost entirely by research, development, and overhead costs. The company has reported steady annual losses, which have gradually grown as it scales its engineering and certification work. Profitability is not yet in sight and will depend on successfully bringing its eVTOL platform and related services to market. This pattern is typical of early‑stage aerospace and mobility technology companies, but it does mean results are highly sensitive to delays or cost overruns.

Balance Sheet

Balance Sheet The balance sheet shows a relatively small but growing asset base supported by a mix of shareholder capital and, more recently, some debt. Cash represents an important part of total assets, but it is being drawn down to fund ongoing development. Equity has been shrinking as accumulated losses build up, which is normal for a company at this stage but underscores its dependence on fresh capital over time. The introduction of debt adds financial leverage, which can help fund growth but also increases sensitivity to future cash flow timing and execution risk.

Cash Flow

Cash Flow Cash flows are clearly in build‑out mode: operating cash flow is consistently negative, reflecting spending on people, design, testing, and certification rather than day‑to‑day commercial activity. Free cash flow is also negative, with only modest outlays on physical assets, indicating that most cash use is tied to development rather than factories or heavy equipment. This means the business model is still being proven, and future cash needs will likely remain elevated until certification, production, and service revenues begin to ramp. The key uncertainty is how long the company can fund this burn rate without needing substantial new financing.

Competitive Edge

Competitive Edge Eve’s main competitive strength is its tight integration with Embraer, which brings decades of experience in aircraft design, certification, manufacturing, and global support. That relationship can shorten development timelines, reduce technical risk, and give Eve early access to airlines and operators that already trust Embraer. Eve is also positioning itself as more than just an aircraft maker by offering traffic management software and support services, which can deepen customer relationships and create switching costs. However, the urban air mobility space is crowded, regulatory pathways are complex, and the company is competing against well‑funded rivals, so its eventual market share remains highly uncertain.

Innovation and R&D

Innovation and R&D The company is heavily focused on innovation, centering its efforts on a relatively simple, cost‑conscious eVTOL design, integrated with advanced flight controls and a user‑friendly cockpit interface. It is pairing its own technology with proven systems from Embraer, which can de‑risk key components while allowing Eve to focus on differentiation in areas like software and operational efficiency. Beyond the aircraft, Eve is investing in the broader ecosystem—air traffic management tools and lifecycle support services—which could make its offering more complete and harder to replicate. That said, the success of this R&D push depends on clearing tough certification hurdles, keeping development on schedule, and achieving real‑world performance in batteries, safety, and reliability.

Summary

Eve is an early‑stage aerospace company with an ambitious plan to build a full urban air mobility ecosystem, but it is still entirely pre‑revenue and consistently loss‑making. The balance sheet shows limited resources relative to its long‑term goals, with cash being consumed by development and some debt now part of the capital mix, highlighting reliance on future financing. Its main strategic asset is the deep partnership with Embraer, which offers credibility, technical support, and access to a global network that many competitors lack. The company’s integrated approach—aircraft, software, and services—could be powerful if the market develops as envisioned, yet execution, regulatory approval, funding needs, and competitive pressures all introduce substantial uncertainty about the pace and scale of any eventual commercialization.

NEWS

November 3, 2025 · 4:52 PM UTC

Eve Air Mobility Expands Middle East Presence with Bahrain Framework Agreement

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October 15, 2025 · 2:25 PM UTC

Eve Air Mobility and InvestSP hold summit to accelerate regulation and infrastructure for eVTOL flights in Brazil

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