EVE (NYSE:EVEX – Get Free Report) announced its earnings results on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05), FiscalAI reports.
Here are the key takeaways from EVE’s conference call:
- Engineering prototype flight campaign has progressed materially with 59 flights (~2.5 hours), validation of 130 performance points, autoland and complex maneuvers, and preparations underway (software uploads and structural tests) to begin transition flights.
- Regulatory engagement advanced: Eve has formally applied for an EASA type certificate, met with ANAC, FAA and JCAB, and reports ~90% of means-of-compliance agreed with ANAC, which management says increases certification confidence.
- Balance sheet and cost actions provide runway visibility — record cash of $441M and total liquidity $578M (including $136M undrawn) plus a new $150M loan, and targeted $100–150M of Embraer synergies to reduce cash burn through 2028.
- Commercial traction remains strong with a pre-order backlog of ~2,700 aircraft / $13.5B list price, two binding customers (Revo and AirX, ~$500M) and ongoing LOIs for aftermarket and the Vector ATM product.
- Execution and financial risks remain: Q1 net loss was $69M, 2026 cash burn guidance is $225–275M (before synergies), and certification is now expected in 2028 but depends on conforming-prototype flight tests and regulatory approvals.
EVE Price Performance
Shares of EVEX traded down $0.14 during trading hours on Tuesday, hitting $2.71. 664,516 shares of the stock were exchanged, compared to its average volume of 1,221,162. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.29 and a current ratio of 3.29. The company has a market cap of $942.50 million, a price-to-earnings ratio of -3.95 and a beta of 1.04. The stock’s 50-day moving average price is $2.78 and its two-hundred day moving average price is $3.69. EVE has a 12-month low of $2.34 and a 12-month high of $7.70.
Analyst Ratings Changes
Check Out Our Latest Report on EVE
Institutional Investors Weigh In On EVE
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its holdings in EVE by 47.0% during the 4th quarter. Invesco Ltd. now owns 20,038 shares of the company’s stock valued at $80,000 after purchasing an additional 6,403 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of EVE during the 4th quarter worth about $192,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of EVE during the fourth quarter valued at approximately $68,000. Numerai GP LLC boosted its holdings in shares of EVE by 28.7% in the fourth quarter. Numerai GP LLC now owns 89,168 shares of the company’s stock worth $356,000 after buying an additional 19,898 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of EVE in the 4th quarter valued at approximately $744,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.
About EVE
Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.
The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.
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