The company continues to report deep operating losses, which widened to $66.3 million in 2026Q1 as R&D expenditures climbed to $59.1 million.
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - | - | - |
| Operating Expenses | 239.11M | 225.39M | 156.37M | 130.55M | 189.49M | 18.18M | 353.54K | 7.69M |
| OpEx % of Revenue | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 30.05M | 30.69M | 26.53M | 23.1M | 26.67M | 2.51M | 353.54K | 1.74M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - |
| Research & Development | 209.06M | 194.69M | 129.84M | 105.58M | 51.86M | 13.28M | 0 | 5.95M |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1K | 0 | 1K | 1.86M | 110.97M | 2.39M | 0 | 0 |
| Operating Income | -239.11M | -225.39M | -156.37M | -130.55M | -189.49M | -18.18M | -353.54K | -7.69M |
| Operating Margin % | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | -44.13% | -19.78% | 31.11% | -942.36% | -5042.01% | 95.4% | - |
| EBITDA | -237.87M | -224.46M | -156.12M | -130.37M | -189.47M | -18.07M | -16.66M | 0 |
| EBITDA Margin % | - | - | - | - | - | - | - | - |
| EBITDA Growth % | -36.11% | -43.77% | -19.76% | 31.19% | -948.45% | -8.45% | - | - |
| D&A (Non-Cash Add-back) | 1.24M | 930K | 252K | 184K | 25K | 108K | 0 | 7.69M |
| EBIT | -230.1M | -213.11M | -134M | -125.84M | -173.1M | -18.26M | -16.66M | -7.69M |
| Net Interest Income | -12.53M | -10.14M | -786K | 4.13M | 1.65M | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 2.88M | 4.38M | 1.65M | 0 | 0 | 0 |
| Interest Expense | 12.53M | 10.14M | 3.66M | 252K | 0 | 0 | 0 | 0 |
| Other Income/Expense | -3.52M | 2.14M | 18.71M | 4.46M | 16.39M | -77K | -16.31M | 1.59K |
| Pretax Income | -242.62M | -223.25M | -137.66M | -126.09M | -173.1M | -18.26M | -16.66M | -7.69M |
| Pretax Margin % | - | - | - | - | - | - | - | - |
| Income Tax | 1.66M | 1.01M | 507K | 1.57M | 933K | 0 | 0 | 0 |
| Effective Tax Rate % | -0.68% | -0.45% | -0.37% | -1.24% | -0.54% | 0% | 0% | 0% |
| Net Income | -244.28M | -224.25M | -138.17M | -127.66M | -174.03M | -18.26M | -16.66M | -7.69M |
| Net Margin % | - | - | - | - | - | - | - | - |
| Net Income Growth % | -51.11% | -62.31% | -8.23% | 26.65% | -853.28% | -9.56% | -116.81% | - |
| Net Income (Continuing) | -244.28M | -224.25M | -138.17M | -127.66M | -174.03M | -18.26M | -16.66M | -7.69M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.70 | -0.70 | -0.48 | -0.46 | -0.68 | -0.07 | -0.04 | -0.03 |
| EPS Growth % | -32.73% | -45.83% | -4.35% | 32.35% | -884.08% | -89.84% | -22.56% | - |
| EPS (Basic) | - | -0.70 | -0.48 | -0.46 | -0.68 | -0.07 | -0.04 | -0.03 |
| Diluted Shares Outstanding | 348.3M | 321.35M | 288.52M | 275.76M | 254.13M | 264.33M | 220M | 264.33M |
| Basic Shares Outstanding | 348.3M | 321.35M | 288.52M | 275.76M | 254.13M | 264.33M | 220M | 264.33M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Certification and liquidity constraints
As evidenced by the latest quarterly financial statements, Eve Holding's R&D expenses have climbed to $59.1 million in 2026Q1, reflecting a persistent upward trajectory in development costs that underscores the capital-intensive nature of the company's ongoing certification efforts for its eVTOL aircraft platform.
The consistent rise in R&D spending suggests that the company is accelerating its prototype testing and engineering phases to meet stringent regulatory milestones. Investors should monitor whether this spending intensity yields tangible progress in type certification, as the current lack of revenue makes these costs a direct drain on liquidity.
According to reported income statement data, Eve Holding's operating losses have widened to $66.3 million in 2026Q1, indicating that the company has yet to achieve any meaningful operating leverage as it continues to scale its engineering and administrative infrastructure ahead of commercial deployment.
The absence of revenue generation means that every dollar of SG&A and R&D expense directly expands the operating deficit. This structure implies that the company remains entirely dependent on external capital to fund its operations until it can successfully transition to a revenue-generating model.
Based on the provided financial filings, the company's net loss of $68.8 million in 2026Q1 highlights a significant earnings quality challenge, further complicated by the intermittent recognition of stock-based compensation which may signal future dilution risks for existing shareholders as the company manages its talent costs.
The volatility in stock-based compensation, which reached $1.1 million in several periods, suggests that management is utilizing equity to preserve cash. Analysts should scrutinize the impact of these non-cash charges on the overall capital structure and the potential for future share count expansion.
As highlighted by the company's financial history, the persistent quarterly operating losses exceeding $60 million in recent periods raise significant questions regarding the sustainability of the current cash burn rate given the reported $103 million in cash and equivalents available to support future operations.
The gap between the current cash position and the escalating quarterly losses suggests that the company may face a liquidity inflection point in the near term. This warrants further investigation into the timing of potential capital raises and the sensitivity of the business model to further certification delays.
Quick answers to the most common questions about buying EVEX stock.
For fiscal year 2025, Eve Holding, Inc. (EVEX) reported total revenue of $0.0M.
Eve Holding, Inc. (EVEX) reported a net loss of $224.3M for the fiscal year ending 2025.