Eve Holding, Inc. Reports First Quarter 2026 Results

Eve Holding (NYSE:EMBJ) reported 1Q26 results on May 5, 2026.

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

Argus May 5 session

-5.61% close to close Open Argus

Details

News Market Reaction – EVEX

In the May 5 session, EVEX declined 5.61%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -5.6% in the session following this news. A negative reaction despite management hig...

Analysis

The stock moved -5.6% in the session following this news. A negative reaction despite management highlighting record liquidity of $577.7M and a funding runway through 2028 fits the pattern of past earnings, which have averaged a -3.46% move. The widening 1Q26 net loss of $68.8M and cash consumption of $68.6M, largely driven by higher R&D, reinforce investor focus on ongoing cash burn. Further weakness could reflect continued sensitivity to development spending and financing needs.

Key Figures

Net loss 1Q26: $68.8M Net loss 1Q25: $48.8M R&D expenses 1Q26: $59.1M +5 more

Net loss 1Q26

$68.8M

First quarter 2026

Net loss 1Q25

$48.8M

First quarter 2025

R&D expenses 1Q26

$59.1M

Driven by Embraer MSA and program development

R&D expenses 1Q25

$44.7M

Prior-year first quarter

SG&A 1Q26

$7.2M

Down from $7.9M in 1Q25

Cash consumption 1Q26

$68.6M

Includes $11M deferred MSA payment to Embraer

Cash & investments

$441.1M

Cash, cash equivalents and financial investments at end of 1Q26

Total liquidity

$577.7M

Includes undrawn BNDES credit lines and new $150M loan

Previous Earnings Reports

5 past events · Latest: Nov 04

Same Type 5 events

1. Nov 04

   Q3 2025 earnings

   24h Move

   -3.6%

   Pre-revenue with higher net loss and R&D, detailed liquidity runway.

2. Aug 06

   Q2 2025 earnings

   24h Move

   -10.6%

   Net loss and R&D rose; cash consumption and liquidity update provided.

3. May 12

   Q1 2025 earnings

   24h Move

   -0.8%

   Wider net loss on higher R&D and SG&A; liquidity described as strong.

4. Mar 11

   Q4/FY 2024 earnings

   24h Move

   +1.9%

   Larger full-year loss but strong order pipeline and liquidity raise.

5. Nov 04

   Q3 2024 earnings

   24h Move

   -4.2%

   Net loss and R&D increased; additional debt facilities to fund programs.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

evtol, urban air mobility, urban air traffic management, restricted stock units

4 terms

evtol technical

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

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

"aircraft and the Urban Air Mobility (UAM) ecosystem. This includes aircraft development"

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.

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. How Rhea-AI works. Not financial advice.

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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.