Eve Holding, Inc. Reports Second Quarter 2026 Results
Rhea-AI Summary
Eve Holding (NYSE: EVEX) reported a 2Q26 net loss of $34.2 million, compared with $64.7 million in 2Q25, mainly due to lower Research & Development (R&D) expenses. R&D declined to $28.9 million from $45.7 million, reflecting supplier contract negotiations and program development updates under the Master Service Agreement (MSA) with Embraer.
Selling, General & Administrative expenses were broadly stable year over year at $8.3 million, with headcount unchanged at 185. Cash consumption was $49.4 million in 2Q26 versus $56.9 million a year earlier. Eve expects full-year 2026 cashflow consumption to reach the mid-range of its $250 million guidance. Cash, cash equivalents, and financial investments were $403.3 million, while total liquidity including undrawn BNDES credit lines and a grant was $531.3 million, which the company believes can fund operations and program investments through 2028. Eve remains pre-operational and does not expect meaningful revenue during the aircraft development phase.
Positive
- Net loss reduced to $34.2m from $64.7m YoY
- R&D expenses decreased to $28.9m from $45.7m YoY
- Quarterly cash consumption fell to $49.4m from $56.9m YoY
- Total liquidity of $531.3m, including undrawn BNDES credit lines and a grant
- Company expects funding to support operations and investments through 2028
Negative
- Company remains pre-operational with no meaningful revenue expected during development phase
- 2Q26 cash consumption of $49.4m and 2026 guidance of $250m
- R&D and testing infrastructure continue to require significant program spending
Market reaction after 2Q26 earnings report: EVEX +4.17%
Following this news, EVEX has gained 4.17%, reflecting a moderate positive market reaction. The stock is currently trading at $2.50.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 05 | 1Q26 earnings | Negative | -5.6% | Net loss rose to $68.8M and R&D increased to $59.1M year-over-year |
| Nov 04 | 3Q25 earnings | Negative | -3.6% | Net loss increased amid higher R&D tied to Embraer MSA and program development |
| Aug 06 | 2Q25 earnings | Negative | -10.6% | Net loss rose to $64.7M as R&D increased to $45.7M |
| May 12 | 1Q25 earnings | Negative | -0.8% | Net loss increased while quarterly cash consumption declined from the prior year |
| Mar 11 | FY2024 earnings | Positive | +1.9% | Prototype assembly completed; backlog and liquidity were highlighted alongside annual losses |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings reactions averaged -3.74%, with four negative reactions and one positive reaction across the five events.
Key Terms
evtol technical
uam technical
master service agreement financial
sg&a financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 mostly by program development costs.
Eve reported a net loss of
Selling, General & Administrative (SG&A) was relatively flat yoy, at
Eve's total cash consumption in 2Q26 was
For additional information, please access the full 2Q26 Earnings release, available at the Investor Relations website ir.eveairmobility.com
Webcast details
Management will discuss the results on a conference call on Tuesday, August 04, 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 August 18, 2026, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13761886.
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.
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SOURCE Eve Holding, Inc.