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Eve Q1 2025 Earnings Report
Estimated Revenue:$NaN
NaN% YoY
Estimated EPS:-$0.13
0.1% YoY
Key Takeaways
Eve Holding, Inc. reported a net loss of $48.8 million in Q1 2025, an increase from $25.3 million in Q1 2024, primarily due to higher Research & Development expenses related to the development of their eVTOL aircraft and Urban Air Mobility ecosystem. The company is pre-revenue and expects financial results to be focused on development costs during this phase.
Net loss increased to $48.8 million in Q1 2025 from $25.3 million in Q1 2024.
Research & Development expenses rose significantly to $44.7 million in Q1 2025 from $27.5 million in Q1 2024, driven by eVTOL prototype development and engineering engagement with Embraer.
SG&A expenses increased to $7.9 million in Q1 2025 from $6.5 million in Q1 2024, mainly due to increased employees, payroll costs, and outsourced services.
Cash and cash equivalents totaled $287.6 million at the end of Q1 2025, with total liquidity reaching $410.3 million, which is expected to be sufficient through 2026.
Eve
Eve
Forward Guidance
The company believes its current funding is sufficient to support operations and program investments through 2026.
Positive Outlook
- Funding is believed to be sufficient to support operations through 2026.
- Continued advancement in the development of the eVTOL prototype.
- Increased engineering engagement with Embraer.
- Progress in establishing the first production site in Taubaté, Brazil.
- Positive impact on cash consumption from increased Related Party Payable.
Challenges Ahead
- Significant increase in net loss compared to the previous year.
- Higher Research & Development expenses are expected to continue during the development phase.
- Increased SG&A expenses due to higher employee count and related costs.
- The company is currently pre-revenue and does not expect meaningful revenues during the development phase.
- Reliance on the Master Service Agreement with Embraer for critical developmental activities.
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Key Statistics
Market Cap
$1.18B
P/E Ratio
-7.82
Sector
Electronic Technology
Industry
Aerospace And Defense
52-Week High
$7.49
52-Week Low
$2.67
R&D Expenses
$44.7M
SG&A Expenses
$7.9M
Total Cash Consumption
$25.3M
Total Liquidity
$410M