Solvency risks are mounting as the equity base contracted to $56.1 million while total debt escalated to $299.2 million by 2026Q1.
| Total Current Assets | 456.74M | 410.87M | 312.81M | 242.22M | 312.21M | 20.87M | 49.55K | 2.73K |
| Cash & Short-Term Investments | 120.94M | 384.08M | 303.38M | 158.1M | 227.93M | 14.38M | 0 | 0 |
| Cash Only | 120.94M | 103.23M | 56.37M | 46.88M | 49.15M | 14.38M | 0 | 0 |
| Short-Term Investments | 0 | 280.85M | 247.01M | 111.22M | 178.78M | 0 | 0 | 0 |
| Accounts Receivable | 0 | 54K | 472K | 83.23M | 82.85M | 220K | 0 | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 335.8M | 8.68M | 258K | 64K | 23.98K | 6.26M | 47.68K | 2.46K |
| Total Non-Current Assets | 27.54M | 24M | 5.43M | 3.12M | 668K | 699.75K | 23.44K | 16K |
| Property, Plant & Equipment | 11.97M | 15.63M | 1.71M | 1.05M | 668K | 0 | 0 | 0 |
| Fixed Asset Turnover | 0.00x | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 699.75K | 23.44K | 16K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 11.66M | 4.45M | 1.09M | 348K | 0 | 0 | 0 | 0 |
| Total Assets | 484.28M | 434.88M | 318.24M | 245.34M | 312.88M | 21.57M | 72.99K | 18.74K |
| Asset Turnover | 0.00x | - | - | - | - | - | - | - |
| Asset Growth % | 169.36% | 36.65% | 29.72% | -21.59% | 1350.46% | 29452.51% | 289.58% | - |
| Total Current Liabilities | 120.32M | 124.77M | 59.34M | 51.99M | 24.93M | 10.17M | 1.05M | 452.53K |
| Accounts Payable | 5.04M | 3.83M | 1.14M | 4.57M | 2.1M | 877.64K | 846.99K | 319.61K |
| Days Payables Outstanding | - | - | - | - | - | - | - | - |
| Short-Term Debt | 3.41M | 3.37M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 10.98M | 9.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 111.86M | 4.59M | 6.98M | 13.96M | 3.56M | -583.93K | 0 | 132.92K |
| Current Ratio | 3.80x | 3.29x | 5.27x | 4.66x | 12.52x | 2.05x | 0.05x | 0.01x |
| Quick Ratio | 3.80x | 3.29x | 5.27x | 4.66x | 12.52x | 2.05x | 0.05x | 0.01x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 307.9M | 186.35M | 134.98M | 28.3M | 1.02M | 702.92K | 40.58K | 45.41K |
| Long-Term Debt | 295.82M | 176.41M | 132.01M | 25.76M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 12.09M | 9.94M | 2.96M | 1.25M | 219K | 702.92K | 40.58K | 45.41K |
| Total Liabilities | 428.22M | 311.12M | 194.32M | 80.29M | 25.95M | 10.87M | 1.09M | 497.94K |
| Total Debt | 299.23M | 179.79M | 132.01M | 25.76M | 0 | 0 | 0 | 0 |
| Net Debt | 178.29M | 76.55M | 75.64M | -21.12M | -49.15M | -14.38M | 0 | 0 |
| Debt / Equity | 5.34x | 1.45x | 1.07x | 0.16x | - | - | - | - |
| Debt / EBITDA | -1.26x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.75x | - | - | - | - | - | - | - |
| Interest Coverage | -18.37x | -21.02x | -36.60x | -499.36x | - | - | - | - |
| Total Equity | 56.05M | 123.76M | 123.92M | 165.05M | 286.92M | 10.7M | -1.01M | -479.2K |
| Equity Growth % | -101.27% | -0.13% | -24.92% | -42.48% | 2581.68% | 1155.32% | -111.57% | - |
| Book Value per Share | 0.16 | 0.39 | 0.43 | 0.60 | 1.13 | 0.04 | -0.00 | -0.00 |
| Total Shareholders' Equity | 56.05M | 123.76M | 123.92M | 165.05M | 286.92M | 10.7M | -1.01M | -479.2K |
| Common Stock | 348K | 348K | 298K | 269K | 269K | 220K | -1.06M | -478.63K |
| Retained Earnings | -775.9M | -707.09M | -482.83M | -344.67M | -217.01M | -42.98M | -46.18M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -32.23K | 45.44K | -574 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and certification timeline
As reported in recent financial statements, Eve Holding's equity base has contracted significantly to $56.1 million in 2026Q1, while total debt has surged to $299.2 million, signaling a weakening balance sheet trajectory as the company accelerates its capital-intensive development and certification efforts for its eVTOL platform.
The rapid expansion of debt relative to equity suggests that the company is increasingly reliant on external financing to bridge the gap between R&D spending and commercialization. Investors should monitor whether this trajectory reflects a strategic push toward production or an inability to manage the escalating costs of aerospace certification.
Based on 2026Q1 reported figures, the company's debt-to-equity ratio has climbed to 5.34, a sharp increase from 1.45 in 2025Q4, which indicates that the firm is aggressively leveraging its balance sheet to sustain operations during this pre-revenue phase of its aircraft development cycle.
This high leverage ratio suggests that the company's capital structure is becoming increasingly sensitive to interest rate environments and credit market conditions. The reliance on debt financing may imply that future equity dilution or further debt issuance is likely required to maintain the current pace of development.
According to recent SEC filings, Eve Holding's cash and equivalents stood at $120.9 million in 2026Q1, which, when measured against the company's persistent quarterly burn rate, suggests a narrowing liquidity buffer that may necessitate additional capital raises in the near term to ensure operational continuity.
While the current ratio of 3.80 appears superficially healthy, it is heavily influenced by the composition of current assets that may not be easily liquidated to cover immediate operational needs. The company's liquidity position appears vulnerable to any delays in the certification timeline or unexpected spikes in development costs.
As highlighted by the company's financial history, the accumulated deficit has ballooned to $775.9 million as of 2026Q1, which serves as a stark reminder that the company's balance sheet is currently supported by external capital rather than internally generated cash flows from its core aerospace operations.
This massive deficit suggests that the company's long-term viability is entirely contingent upon successful market entry and the eventual conversion of its non-binding backlog into profitable revenue. Investors should be wary that the headline asset figures may not fully capture the economic reality of the company's ongoing cash-burning activities.
Quick answers to the most common questions about buying EVEX stock.
As of 2025, Eve Holding, Inc. (EVEX) had total assets of $434.9M including $410.9M in current assets.
Eve Holding, Inc. (EVEX) carries total debt of $179.8M, offset by $384.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Eve Holding, Inc. (EVEX) has total shareholders' equity (book value) of $123.8M ($0.39 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Eve Holding, Inc. (EVEX) reported a current ratio of 3.29x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.