Eve Holding, Inc. Reports Third Quarter 2026 Results

Lower quarterly cash consumption accompanied an expectation for full-year spending at the low end of guidance.

Rhea-AI Summary

Eve Holding (NYSE: EVEX) reported a third-quarter 2026 net loss of $58.1 million as aircraft development spending increased. The loss widened from $46.9 million in 3Q25. Research and development expenses rose to $48.3 million from $44.9 million, while selling, general and administrative expenses fell to $6.0 million from $7.0 million.

Quarterly cash consumption decreased to $55.1 million from $60.7 million; nine-month consumption reached $173.1 million. Eve now expects full-year 2026 cash consumption at the low end of its $225 million–$275 million guidance. Cash, cash equivalents and financial investments totaled $356.0 million at quarter-end. Total liquidity, including undrawn BNDES credit lines and a grant, was $470.4 million. Eve believes this funding supports operations and program investments through 2028. The company remains pre-operational and expects no meaningful revenue, if any, during aircraft development.

6 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointTotal liquidity reached $470.4 million, including undrawn BNDES credit lines and a grant.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Eve believes funding is sufficient for operations and program investments through 2028.
• Moderate pointQuarterly cash consumption fell to $55.1 million in 3Q26 from $60.7 million in 3Q25.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Full-year 2026 cash consumption is now expected at the low end of $225 million–$275 million guidance.
• Minor pointSelling, general and administrative expenses fell to $6.0 million in 3Q26 from $7.0 million in 3Q25.
• Minor pointEmbraer collaboration is already delivering some previously identified additional cost savings and synergies.

Negative

• Moderate pointNet loss widened to $58.1 million in 3Q26 from $46.9 million in 3Q25.
• Moderate pointFirst-nine-month 2026 cash consumption reached $173.1 million.
• Minor pointResearch and development expenses rose to $48.3 million in 3Q26 from $44.9 million in 3Q25.
• Minor point. Forward-looking: it has not happened yet and may not happen.Pre-operational Eve expects no meaningful revenue, if any, during the aircraft development phase.

Key Figures

Net loss: $58.1 million vs. $46.9 million R&D expenses: $48.3 million vs. $44.9 million SG&A expenses: $6.0 million vs. $7.0 million +5 more

Net loss

$58.1 million vs. $46.9 million

3Q26 vs. 3Q25

R&D expenses

$48.3 million vs. $44.9 million

3Q26 vs. 3Q25

SG&A expenses

$6.0 million vs. $7.0 million

3Q26 vs. 3Q25

Cash consumption

$55.1 million vs. $60.7 million

3Q26 vs. 3Q25

Cash consumption

$173.1 million

First nine months of 2026

Full-year cashflow consumption outlook

Low-end of $225/275 million guidance

Full year 2026

Cash, cash equivalents, and financial investments

$356.0 million

End of 3Q26

Total liquidity

$470.4 million

Includes undrawn BNDES credit lines and a grant

Previous Earnings Reports

2 past events · Latest: Aug 04

Same Type 2 events

1. Aug 04

   2Q26 earnings results

   24h Move

   +19.2%

   Reported lower net loss and cash consumption, and projected full-year cash use at mid-range guidance.

2. Nov 04

   3Q25 earnings results

   24h Move

   -3.6%

   Reported higher year-over-year net loss and R&D costs, with quarterly cash consumption of $60.7 million.

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

Key Terms

evtol, uam, sg&a

3 terms

evtol technical

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

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.

uam technical

"the Urban Air Mobility (UAM) ecosystem"

Urban air mobility (UAM) is the development and operation of small, often electric, aircraft designed to carry people or cargo around cities and suburbs, typically taking off and landing vertically like an elevator in the sky. For investors it represents a potential new transport layer—similar to adding a fast lane above congested roads—creating opportunities for makers of aircraft, batteries, software and landing infrastructure, but also exposing companies to heavy regulatory, safety and infrastructure risk that can affect timelines and returns.

sg&a financial

"Selling, General & Administrative (SG&A) dropped to $6.0 million"

SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MELBOURNE, Fla. , Nov. 5, 2026 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX / B3: EVEB31) reports its third 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 mostly by program development costs.

Eve reported a net loss of $58.1 million in 3Q26 versus $46.9 million in 3Q25. The increase in net loss in 3Q26 was mainly due to higher Research & Development expenses as well as lower net financial results. R&D costs and activities are necessary to advance our suite of UAM products and services, including the Master Service Agreement (MSA) with Embraer. R&D expenses were $48.3 million in 3Q26 compared to $44.9 million in 3Q25 and reflect increasing supplier engagement and R&D activities – including eVTOL development and allocation of Embraer engineering resources to our project.  R&D continues to demand additional program development activities and testing infrastructure. The MSA primarily drives our R&D costs with Embraer, which performs several critical activities for Eve.

Selling, General & Administrative (SG&A) dropped to $6.0 million in 3Q26 ($7.0 million in 3Q25) – mostly in response to reduced outsourced services and other expenses, despite the c.4% average appreciation of the Brazilian Real versus the US Dollar.  Eve is already capturing some of the additional cost savings and synergies that had been previously identified with Embraer.

Eve's total cash consumption in 3Q26 was $55.1 million – vs. $60.7 million in 3Q25, with intensifying design & development activities. In the first nine months of 2026, Eve's cash consumption reached $173.1 million and full year 2026 cashflow consumption is now expected to reach the low-end of our guidance of $225/275 million as Eve continues to capture synergies with Embraer. Eve's Cash, Cash Equivalents, and Financial Investments totaled $356.0 million at the end of 3Q26. Total liquidity – including undrawn credit lines with the Brazil's National Development Bank (BNDES) and a grant, reached $470.4 million. We believe this funding is sufficient to support our operations and program investments through 2028.

For additional information, please access the full 3Q26 Earnings release, available at the Investor Relations website ir.eveairmobility.com

Webcast details

Management will discuss the results on a conference call on Thursday, November 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 1-844-676-6050 or 1-412-634-6902. A replay of the call will be available until November 19, 2026, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 10212156.

Webcast access here

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 trade under the tickers "EVEX" and 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.

Contact: 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-third-quarter-2026-results-302929884.html

SOURCE Eve Holding, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Eve Holding's third-quarter 2026 earnings results?

Eve reported a $58.1 million net loss in 3Q26, compared with $46.9 million in 3Q25. Higher research and development expenses and lower net financial results were the main reasons for the increased loss.

How long does Eve Holding expect its funding to last?

Eve believes its funding is sufficient to support operations and program investments through 2028. Quarter-end total liquidity was $470.4 million, including undrawn credit lines with Brazil's National Development Bank and a grant.

What is driving Eve Holding's research and development spending?

Eve's research and development spending reflects increasing supplier engagement, aircraft development and the allocation of Embraer engineering resources. The Master Service Agreement with Embraer primarily drives research and development costs with Embraer, which performs several critical activities for Eve. Development also requires additional program activities and testing infrastructure.