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EVEX-WT

Eve Holding, Inc.

EVEX-WT

Eve Holding, Inc. • NYSE
$0.52 ▲ 4.00% (+0.02)
Market Cap $1.40 B
52w High $0.62
52w Low $0.49
Dividend Yield 0%
P/E 0
Volume 2.20K
Outstanding Shares 2.67B

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 Holding is still in the pre‑revenue stage: it has not yet begun commercial sales, so all you see on the income statement is spending, not income. Losses have been consistent over the past several years as the company ramps up engineering, testing, and overhead to build its eVTOL aircraft and supporting software. This pattern is typical for early-stage aerospace and hardware companies: costs arrive years before any meaningful revenue. The path to healthier results depends almost entirely on successfully certifying the aircraft, entering service, and scaling ecosystem revenues rather than on near‑term cost cuts.

Balance Sheet

Balance Sheet The balance sheet shows a young company that has built up assets after its SPAC transaction but is still relatively small compared with established aerospace players. Cash makes up an important share of its assets, and shareholder equity remains positive, though it has been eroded by ongoing losses. Debt has appeared more recently but is not yet dominant, suggesting some use of borrowing alongside equity funding. Overall, the balance sheet can support development for now, but the business is clearly not yet at a self‑sustaining scale and will likely remain dependent on outside capital as it moves through certification and industrialization.

Cash Flow

Cash Flow Cash flow is firmly negative and driven mainly by operating needs such as staff, engineering, testing, and ecosystem development, rather than large factory spending so far. Free cash flow tracks operating cash flow closely, which means the main cash drain is day‑to‑day development work, not big one‑time investments. This is normal for a company still designing and certifying its first product, but it also means the business is consuming cash steadily and needs reliable access to funding. Managing burn rate against certification and launch milestones will be a critical risk factor over the next several years.

Competitive Edge

Competitive Edge Competitively, Eve benefits from a very strong anchor partner in Embraer, which brings decades of aircraft design, certification, production, and global service experience. That relationship gives Eve credibility with regulators and airlines, access to engineering talent and factories, and a service network that most eVTOL start‑ups simply do not have. Its strategy is also broader than many peers: instead of only selling aircraft, Eve aims to offer traffic management software and support services, positioning itself as a full‑ecosystem provider. The flip side is that the urban air mobility market is crowded, regulatory paths are still evolving, and the timing and scale of real-world adoption remain uncertain, so competitive success is far from guaranteed.

Innovation and R&D

Innovation and R&D Eve is heavily focused on R&D, working on both the eVTOL aircraft itself and the digital tools needed to operate fleets safely in dense urban airspace. Technically, it is pursuing a relatively simple “lift plus cruise” design with strong emphasis on safety, noise reduction, and future readiness for autonomous operation. On the ecosystem side, its Vector air traffic management software and TechCare support services aim to make it easier for operators and cities to integrate eVTOLs into existing transport networks. Partnerships with established suppliers for propulsion, batteries, avionics, and controls help reduce technical risk, but substantial execution, certification, and integration risks remain until the aircraft is flying in regular commercial service.

Summary

Overall, Eve Holding is an early‑stage, pre‑revenue aerospace company trying to build not just an aircraft, but a full urban air mobility ecosystem. Financially, the profile is typical for this phase: no sales yet, recurring losses, negative cash flow, and ongoing dependence on external funding, with a still‑modest balance sheet. Strategically, the company’s strengths lie in its deep connection to Embraer, its integrated approach (aircraft plus software plus services), and a growing network of industrial partners. Key uncertainties center on regulatory approval, technical validation through flight testing, the pace at which letters of intent turn into firm orders, and how quickly cities and operators adopt eVTOL services. The outcome is likely to be highly sensitive to execution over the next several years and to how the broader urban air mobility market actually develops versus today’s expectations.