Eve Holding, Inc. EVEX
Eve Holding, Inc., a Delaware corporation, is an aerospace company with operations in Melbourne, Florida and São Paulo, Brazil.
We are a leading developer of next-generation Urban Air Mobility ("UAM") solutions. We are developing a comprehensive UAM solution that includes: the design and production of electric vertical take-off and landing vehicles ("eVTOLs"); a portfolio of maintenance and support services, named TechCare, focused on our and third-party eVTOLs; and a new Urban Air Traffic Management system, named Vector, designed to allow eVTOLs to operate safely and efficiently in dense urban airspace alongside conventional aircraft and drones. We believe we are uniquely positioned to develop, certify and commercialize our UAM solution on a global scale given our aviation heritage, our strategic relationship with Embraer S.A., a Brazilian corporation ("sociedade anonima") ("ERJ"), our technology and intellectual property portfolio and the experience of our management team and employees, among other factors.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| R&D | $194.7M | $129.8M | $105.6M | $51.9M | $13.3M | $8.4M | — |
| SG&A | $30.7M | $26.5M | $23.1M | $32.9M | $4.9M | $1.2M | — |
| Total operating expenses | $225.4M | $156.4M | $130.5M | $189.5M | — | — | — |
| Operating income | -$225.4M | -$156.4M | -$130.5M | -$189.5M | -$18.2M | -$9.6M | — |
| Interest expense | $10.1M | $3.7M | $252.0K | $0 | $0 | — | — |
| Pre-tax income | -$223.2M | -$137.7M | -$126.1M | -$173.1M | -$18.3M | -$9.6M | — |
| Income tax | $1.0M | $507.0K | $1.6M | $933.0K | $0 | $0 | — |
| Net income | -$224.3M | -$138.2M | -$127.7M | -$174.0M | -$18.3M | -$9.6M | — |
| EPS, basic | -0.70 | -0.48 | -0.46 | -0.68 | -0.08 | -0.04 | — |
| EPS, diluted | -0.70 | -0.48 | -0.46 | -0.68 | -0.08 | -0.04 | — |
| Shares, diluted (wtd. avg.) | 321.3M | 288.5M | 275.8M | 254.1M | 220.0M | 220.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $103.2M | $56.4M | $46.9M | $49.1M | $14.4M | $0 | $0 |
| Short-term investments | $280.8M | $247.0M | $111.2M | $178.8M | $0 | — | — |
| Total current assets | $410.9M | $312.8M | $242.2M | $312.2M | $20.9M | $2.3M | — |
| Property, plant and equipment | $15.3M | $611.0K | $547.0K | $452.0K | $0 | — | — |
| Total assets | $434.9M | $318.2M | $245.3M | $312.9M | $21.6M | $234.6M | — |
| Accounts payable | $3.8M | $1.1M | $4.6M | $2.1M | $878.0K | $352.1K | — |
| Short-term debt | $3.4M | $0 | — | — | — | — | — |
| Total current liabilities | $124.8M | $59.3M | $52.0M | $24.9M | $10.2M | $352.1K | — |
| Long-term debt | $176.4M | $132.0M | $25.8M | $0 | — | — | — |
| Total liabilities | $311.1M | $194.3M | $80.3M | $26.0M | $10.9M | $48.5M | — |
| Retained earnings | -$707.1M | -$482.8M | -$344.7M | -$217.0M | -$43.0M | -$46.2M | — |
| Total equity | $123.8M | $123.9M | $165.1M | $286.9M | $10.7M | -$1.0M | -$479.2K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$160.4M | -$136.0M | -$94.5M | -$59.5M | -$14.9M | -$9.0M | — |
| Depreciation and amortisation | $930.0K | $252.0K | $184.0K | $25.0K | $108.0K | $0 | — |
| Stock-based compensation | $4.3M | $3.7M | $3.3M | $3.3M | $0 | $0 | — |
| Capital expenditure | $12.6M | $5.2M | $168.0K | $476.0K | $0 | $0 | — |
| Investing cash flow | -$46.7M | -$56.2M | $66.8M | -$258.5M | $0 | $0 | — |
| Financing cash flow | $263.1M | $203.0M | $24.9M | $352.7M | $29.3M | $9.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001554855-26-000569.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Net income | — | -$9.6M | -$18.3M | -$174.0M | -$127.7M | -$138.2M | -$224.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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