Eve Holding Inc Financials
This page shows Eve Holding Inc (EVEX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
External financing is sustaining an R&D-heavy development model, with debt now rising faster than operating self-funding.
From FY2023 to FY2025, R&D nearly doubled from$105.6M to$194.7M while capital spending stayed comparatively light, so the company is consuming cash mainly through ongoing development activity rather than through a large plant-and-equipment buildout. That matters because operating cash flow at-$160.4M in FY2025 remained close to free cash flow at-$173.0M , meaning the reported losses are translating into real cash burn instead of being softened by non-cash accounting items.
The expense mix shows where management effort is concentrated: in FY2025, R&D of
Liquidity still looks workable at a current ratio of 3.3x, but it is moving the wrong way as short-term obligations have grown faster than liquid resources since FY2024. The cash balance of
Financial Health Signals
Eve Holding Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Eve Holding Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
Eve Holding Inc reported a net loss of $224.3M while operations used $160.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Eve Holding Inc reported an operating loss of $225.4M against $10.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Eve Holding Inc's EBITDA was -$224.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 43.8% from the prior year.
Eve Holding Inc reported -$224.3M in net income in fiscal year 2025. This represents a decrease of 62.3% from the prior year.
Eve Holding Inc earned -$0.70 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 45.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Eve Holding Inc recorded an outflow of $173.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 22.5% from the prior year.
Eve Holding Inc held $103.2M in cash against $176.4M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Eve Holding Inc's ROE was -181.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 69.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Eve Holding Inc invested $194.7M in research and development in fiscal year 2025. This represents an increase of 49.9% from the prior year.
Eve Holding Inc invested $12.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 140.7% from the prior year.
Not reported for fiscal year 2025.
EVEX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| R&D Expenses | N/A | $194.7M+49.9% | $129.8M+23.0% | $105.6M+103.6% | $51.9M+290.5% | $13.3M+58.9% | $8.4M |
| SG&A Expenses | N/A | $30.7M+15.7% | $26.5M+14.8% | $23.1M-29.7% | $32.9M+570.7% | $4.9M+297.0% | $1.2M |
| Operating Income | N/A | -$225.4M-44.1% | -$156.4M-19.8% | -$130.5M+31.1% | -$189.5M-942.4% | -$18.2M-89.5% | -$9.6M |
| Interest Expense | N/A | $10.1M+177.0% | $3.7M+1352.8% | $252K | $0 | $0 | N/A |
| Income Tax | N/A | $1.0M+98.6% | $507K-67.7% | $1.6M+68.1% | $933K | $0 | $0 |
| Net Income | N/A | -$224.3M-62.3% | -$138.2M-8.2% | -$127.7M+26.6% | -$174.0M-853.3% | -$18.3M-89.7% | -$9.6M |
| EPS (Diluted) | — | -$0.70-45.8% | -$0.48-4.3% | -$0.46+32.4% | -$0.68-750.0% | -$0.08-100.0% | -$0.04 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
EVEX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $434.9M+36.6% | $318.2M+29.7% | $245.3M-21.6% | $312.9M+1350.4% | $21.6M-90.8% | $234.6M |
| Current Assets | $410.9M+31.4% | $312.8M+29.1% | $242.2M-22.4% | $312.2M+1395.9% | $20.9M+815.2% | $2.3M |
| Cash & Equivalents | $103.2M+83.1% | $56.4M+20.2% | $46.9M-4.6% | $49.1M+241.8% | $14.4M+629.1% | $2.0M |
| Total Liabilities | $311.1M+60.1% | $194.3M+142.0% | $80.3M+209.4% | $26.0M+138.7% | $10.9M-95.4% | $235.6M |
| Current Liabilities | $124.8M+110.3% | $59.3M+14.1% | $52.0M+108.5% | $24.9M+145.2% | $10.2M+2788.2% | $352K |
| Long-Term Debt | $176.4M+33.6% | $132.0M+412.4% | $25.8M | $0 | N/A | N/A |
| Total Equity | $123.8M-0.1% | $123.9M-24.9% | $165.1M-42.5% | $286.9M+2581.8% | $10.7M+1155.1% | -$1.0M |
| Retained Earnings | -$707.1M-46.4% | -$482.8M-40.1% | -$344.7M-58.8% | -$217.0M-404.9% | -$43.0M+6.9% | -$46.2M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
EVEX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$195.2M | -$160.4M-18.0% | -$136.0M-43.9% | -$94.5M-59.0% | -$59.5M-299.4% | -$14.9M-64.9% | -$9.0M |
| Capital Expenditures | $12.5M | $12.6M+140.7% | $5.2M+3004.8% | $168K-64.7% | $476K | $0 | $0 |
| Free Cash Flow | -$207.7M | -$173.0M-22.5% | -$141.2M-49.1% | -$94.7M-58.0% | -$59.9M-302.6% | -$14.9M-64.9% | -$9.0M |
| Investing Cash Flow | -$153.7M | -$46.7M+16.9% | -$56.2M-184.1% | $66.8M+125.9% | -$258.5M | $0 | $0 |
| Financing Cash Flow | $368.8M | $263.1M+29.6% | $203.0M+714.5% | $24.9M-92.9% | $352.7M+1105.3% | $29.3M+224.1% | $9.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
EVEX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Return on Equity | -181.2%-69.7pp | -111.5%-34.2pp | -77.3%-16.7pp | -60.7%+110.0pp | -170.6% | N/A |
| Return on Assets | -51.6%-8.2pp | -43.4%+8.6pp | -52.0%+3.6pp | -55.6%+29.0pp | -84.6%-80.5pp | -4.1% |
| Current Ratio | 3.29-2.0x | 5.27+0.6x | 4.66-7.9x | 12.52+10.5x | 2.05-4.4x | 6.48 |
| Debt-to-Equity | 1.43+0.4x | 1.07+0.9x | 0.16+0.2x | 0.00-1.0x | 1.02 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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Where Eve Holding Inc Ranks
Frequently Asked Questions
Is Eve Holding Inc profitable?
No, Eve Holding Inc (EVEX) reported a net income of -$224.3M in fiscal year 2025.
What is Eve Holding Inc's EBITDA?
Eve Holding Inc (EVEX) had EBITDA of -$224.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Eve Holding Inc have?
As of fiscal year 2025, Eve Holding Inc (EVEX) had $103.2M in cash and equivalents against $176.4M in long-term debt.
What is Eve Holding Inc's return on equity (ROE)?
Eve Holding Inc (EVEX) has a return on equity of -181.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Eve Holding Inc's free cash flow?
Eve Holding Inc (EVEX) recorded an outflow of $173.0M in free cash flow during fiscal year 2025. This represents a -22.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Eve Holding Inc's operating cash flow?
Eve Holding Inc (EVEX) recorded an outflow of $160.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Eve Holding Inc's total assets?
Eve Holding Inc (EVEX) had $434.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Eve Holding Inc's capital expenditures?
Eve Holding Inc (EVEX) invested $12.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Eve Holding Inc spend on research and development?
Eve Holding Inc (EVEX) invested $194.7M in research and development during fiscal year 2025.
What is Eve Holding Inc's current ratio?
Eve Holding Inc (EVEX) had a current ratio of 3.29 as of fiscal year 2025, which is generally considered healthy.
What is Eve Holding Inc's debt-to-equity ratio?
Eve Holding Inc (EVEX) had a debt-to-equity ratio of 1.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Eve Holding Inc's return on assets (ROA)?
Eve Holding Inc (EVEX) had a return on assets of -51.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Eve Holding Inc's cash runway?
Based on fiscal year 2025 data, Eve Holding Inc (EVEX) had $103.2M in cash against an annual operating cash burn of $160.4M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Eve Holding Inc's Piotroski F-Score?
Eve Holding Inc (EVEX) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Eve Holding Inc's earnings high quality?
Eve Holding Inc (EVEX) reported a net loss of $224.3M while operations used $160.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Eve Holding Inc cover its interest payments?
Eve Holding Inc (EVEX) reported an operating loss of $225.4M against $10.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.