Eve Holding, Inc. Reports First Quarter 2026 Results

Rhea-AI Summary

Eve Holding (NYSE:EMBJ) reported 1Q26 results on May 5, 2026. The company is pre-operational and expects little meaningful revenue during aircraft development; results are driven by program development costs. Net loss was $68.8M in 1Q26 versus $48.8M a year earlier. R&D rose to $59.1M. Cash, cash equivalents, and financial investments totaled $441.1M, and total liquidity reached $577.7M, supported by a new 5-year syndicated loan of $150M. Management will host a webcast and conference call on May 5, 2026.

Positive

• Cash balance of $441.1M (record high)
• Total liquidity of $577.7M including undrawn BNDES credit lines
• New 5-year syndicated loan of $150M issued January 2026
• MSA with Embraer supports engineering resources and program progress

Negative

• Net loss widened to $68.8M in 1Q26 from $48.8M
• R&D expenses increased to $59.1M in 1Q26
• Total cash consumption of $68.6M in 1Q26

Key Figures

Net loss 1Q26: $68.8 million R&D expenses 1Q26: $59.1 million SG&A 1Q26: $7.2 million +5 more

8 metrics

Net loss 1Q26 $68.8 million Compared with $48.8 million in 1Q25

R&D expenses 1Q26 $59.1 million Compared with $44.7 million in 1Q25

SG&A 1Q26 $7.2 million Compared with $7.9 million in 1Q25

Cash consumption 1Q26 $68.6 million Compared with $25.4 million in 1Q25

Adjusted cash consumption $57 million 1Q26, excluding $11 million MSA payment to Embraer

Cash & investments $441.1 million End of 1Q26, highest cash balance reported

Total liquidity $577.7 million Includes undrawn BNDES credit lines and new 5-year loan

Syndicated loan $150 million New 5-year facility issued in January 2026

Market Reality Check

Price: $63.93 Vol: Volume 1,269,338 is close...

normal vol

$63.93 Last Close

Volume Volume 1,269,338 is close to the 20-day average of 1,337,141 (relative volume 0.95). normal

Technical Trading below the 200-day MA, with price at 63.62 versus MA200 at 66.26.

Historical Context

5 past events · Latest: Apr 10 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 10	Management change	Neutral	+1.9%	New Executive VP of Financial & Investor Relations appointed with continuity message.
Mar 06	Capital return	Positive	+4.4%	Completion of share buyback program repurchasing 10,932,998 ordinary shares.
Mar 06	Earnings results	Positive	-7.2%	4Q25 and FY25 results with 18% revenue growth and record US$31.6bn backlog.
Mar 06	Guidance update	Positive	-7.2%	2026 guidance for revenue, margins, deliveries, and free cash flow published.
Dec 23	Delivery milestone	Positive	+0.5%	Delivery of 50th E195-E2 to Porter Airlines, advancing a major fleet program.

Pattern Detected

Recent history shows mainly positive or neutral price reactions, but the last earnings/guidance cluster saw a notable negative move despite seemingly constructive operational metrics.

Recent Company History

Over the past six months, Embraer’s news flow included leadership changes, capital returns, major customer milestones, and detailed 2025 results with US$7,578m revenue and record US$31.6bn backlog. A share buyback completion on Mar 6, 2026 saw a positive reaction, while 4Q25/FY25 earnings and 2026 guidance on the same date coincided with a -7.19% move, indicating investor sensitivity around expectations. The current Eve-related earnings update ties back to Embraer via the MSA and engineering resource commitments.

Market Pulse Summary

This announcement details Eve’s early-stage financial profile, with a wider 1Q26 net loss of $68.8 m...

Analysis

This announcement details Eve’s early-stage financial profile, with a wider 1Q26 net loss of $68.8 million driven by higher R&D, offset by record cash of $441.1 million and total liquidity of $577.7 million supported by a $150 million 5-year loan. Investors may contextualize these figures against Embraer’s broader history of guidance, buybacks, and delivery growth, while monitoring future updates on R&D intensity, cash consumption, and progress under the Embraer MSA.

Key Terms

evtol, urban air mobility, urban air traffic management, master service agreement, +1 more

5 terms

evtol technical

"developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban"

eVTOL stands for "electric vertical takeoff and landing" aircraft, which are small, electric-powered vehicles capable of taking off and landing vertically like a helicopter. They are designed to provide quick, on-demand transportation within cities or between locations, potentially transforming urban mobility. For investors, eVTOLs represent a growing segment of innovative transportation technology with potential for significant market impact and future growth.

urban air mobility technical

"developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility"

Urban air mobility is the emerging system of using small aircraft—often electric vertical takeoff and landing vehicles and delivery drones—to move people and goods around cities. Think of it as adding a new layer of roads in the sky that could cut travel time and congestion, but it matters to investors because success depends on technology, safety, regulation, airspace rules and new infrastructure, all of which affect costs, adoption and revenue potential.

urban air traffic management technical

"and Eve Vector®, an Urban Air Traffic Management system. Eve is pre-operational."

Urban air traffic management coordinates the safe, efficient movement of small aircraft operating in cities—such as delivery drones, air taxis, and low-altitude cargo vehicles—by managing routes, timing, altitudes and communications between vehicles and regulators. For investors it matters because effective management reduces accident and congestion risk, creates predictable rules and fees, and unlocks scalable commercial markets; like traffic lights and navigation apps for the sky, it determines whether urban aerial services can grow reliably and profitably.

master service agreement financial

"including the Master Service Agreement (MSA) with Embraer. R&D expenses were"

A master service agreement (MSA) is a framework contract that sets standard terms—such as pricing rules, responsibilities, liability limits and dispute processes—for all future work between two parties, so individual projects only need a short statement of work. For investors, an MSA matters because it creates predictable revenue procedures, reduces deal-making friction, clarifies risk exposure and can speed sales cycles, improving the company’s ability to win and deliver repeat business.

restricted stock units financial

"due to higher payroll-related costs associated with employee Restricted Stock Units (RSUs)"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

AI-generated analysis. Not financial advice.

MELBOURNE, Fla., May 5, 2026 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW / B3: EVEB31) reports its first quarter 2026 earnings results.

Financial Highlights

Eve Air Mobility is an aerospace company dedicated to developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem. This includes aircraft development, Services & Support solutions like Eve TechCare® and Eve Vector®, an Urban Air Traffic Management system. Eve is pre-operational.  We do not expect meaningful revenue, if any, during the aircraft development phase. Financial results during this period are expected to be driven mainly by program development costs.

Eve reported a net loss of $68.8 million in 1Q26 versus $48.8 million in 1Q25. The higher net loss in 1Q26 was mainly due to increased Research & Development expenses. These costs and activities are necessary to advance our suite of UAM products and solutions, including the Master Service Agreement (MSA) with Embraer. R&D expenses were $59.1 million in 1Q26 compared to $44.7 million in 1Q25. This increase reflects the intensifying R&D activity, including eVTOL development, greater engagement with suppliers, and the allocation of Embraer engineering resources to our project. R&D also required additional program development activities and more testing infrastructure. The MSA primarily drives our R&D costs with Embraer, which performs several critical activities for Eve.

Selling, General & Administrative (SG&A) decreased to $7.2 million in 1Q26 versus $7.9 million in 1Q25. This was mostly due to higher payroll-related costs associated with employee Restricted Stock Units (RSUs) recognized in the prior year. The decrease came despite an 11% appreciation of the Brazilian Real versus the US Dollar and a higher number of direct employees at Eve. Our staff now stands at approximately 200, compared to roughly 180 in 1Q25 

Eve's total cash consumption in 1Q26 was $68.6 million, compared to $25.4 million in 1Q25. This reflects the greater intensity of our design and development activities. In 1Q26, cash consumption included an $11 million payment under the MSA with Embraer, that had been deferred from the previous quarter. Excluding this payment, adjusted cash consumption in 1Q26 was $57 million. Eve's Cash, Cash Equivalents, and Financial Investments totaled $441.1 million at the end of 1Q26. This is our highest cash balance ever. Total liquidity, including undrawn credit lines with the Brazil's National Development Bank (BNDES), also reached a record level of $577.7 million, driven by a new 5-year syndicated loan of $150 million issued in January 2026. We believe this funding is sufficient to support our operations and program investments through 2028.

For additional information, please access the full 1Q26 Earnings release, available at the Investor Relations website ir.eveairmobility.com

Webcast details

Management will discuss the results on a conference call on Tuesday, May 05, 2026, at 8:00 AM (Eastern Time). The webcast will be publicly available in the Upcoming Events section of the company website: www.eveairmobility.com

To listen by phone, please dial 1-877-407-0752 or 1-201-389-0912. A replay of the call will be available until May 19, 2026, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13760047.

About Eve Holding, Inc.

Eve is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.'s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve has been listed on the New York Stock Exchange, where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". In December 2025, the Company was listed on the B3, Brazilian Stock Exchange, under the ticker EVEB31. The information on, or accessible through, any website referenced herein is not incorporated by reference into, and is not a part of, this release. For more information, please visit www.eveairmobility.com

Forward Looking Statements

Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors which the company is not currently aware of that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements, other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

Investor Relations
Lucio Aldworth
Caio Pinez
investors@eveairmobility.com
https://ir.eveairmobility.com/

Media:
media@eveairmobility.com

View original content:https://www.prnewswire.com/news-releases/eve-holding-inc-reports-first-quarter-2026-results-302761800.html

SOURCE Embraer S.A.

FAQ

What were Eve Holding (EMBJ) 1Q26 net loss and R&D expenses?

Net loss was $68.8M and R&D expenses were $59.1M in 1Q26. According to the company, higher R&D spending and program development activities drove the larger loss compared with 1Q25.

How much cash and liquidity did Eve report at the end of 1Q26 (EMBJ)?

Eve reported $441.1M in cash and financial investments and $577.7M total liquidity. According to the company, this record level includes undrawn BNDES lines and a new syndicated loan.

What financing did Eve (EMBJ) secure to fund operations through 2028?

Eve obtained a 5-year syndicated loan of $150M in January 2026. According to the company, this financing plus existing liquidity is expected to support operations and program investments through 2028.

Why did Eve's (EMBJ) cash consumption increase in 1Q26?

Cash consumption rose to $68.6M, partly due to an $11M payment under the Embraer MSA deferred from the prior quarter. According to the company, intensified design, testing, and supplier engagement also increased spending.

Will Eve (EMBJ) generate meaningful revenue during eVTOL development?

No meaningful revenue is expected while the company remains pre-operational during aircraft development. According to the company, financial results in this phase are expected to be driven mainly by program development costs.