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EVE (EVEX) Financials

EVE logo
$2.12 +0.01 (+0.24%)
Closing price 09/15/2026 03:59 PM Eastern
Extended Trading
$2.16 +0.03 (+1.60%)
As of 09/15/2026 07:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for EVE

Annual Income Statements for EVE

This table shows EVE's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -9.63 -18 -174 -128 -138 -224
Consolidated Net Income / (Loss)		 -9.63 -18 -174 -128 -138 -224
Net Income / (Loss) Continuing Operations		 -9.63 -18 -174 -128 -138 -224
Total Pre-Tax Income 		-9.63 -18 -173 -126 -138 -223
Total Operating Income		 -9.59 -18 -189 -131 -156 -225
Total Gross Profit		 0.00 0.00 0.00 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00 0.00 0.00 0.00
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 9.59 18 189 131 156 225
Selling, General & Admin Expense		 1.23 4.90 33 23 27 31
Research & Development Expense		 8.36 13 52 106 130 195
Total Other Income / (Expense), net		 -0.03 -0.08 16 4.46 19 2.27
Interest Expense		 - 0.00 0.00 0.25 3.66 10
Interest & Investment Income		 - 0.00 6.72 16 15 16
Other Income / (Expense), net		 -0.03 -0.08 9.67 -11 7.20 -3.99
Income Tax Expense		 0.00 0.00 0.93 1.57 0.51 1.01
Weighted Average Basic Shares Outstanding		 220M 220M 254.13M 269.37M 297.64M 348.30M
Weighted Average Diluted Shares Outstanding		 220M 220M 254.13M 269.37M 297.64M 348.30M
Weighted Average Basic & Diluted Shares Outstanding		 - 0.00 269.09M 269.37M 297.64M 348.30M

Quarterly Income Statements for EVE

This table shows EVE's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -39 -25 -36 -36 -41 -49 -65 -47 -64 -69 -34
Consolidated Net Income / (Loss)		 -39 -25 -36 -36 -41 -49 -65 -47 -64 -69 -34
Net Income / (Loss) Continuing Operations		 -39 -25 -36 -36 -41 -49 -65 -47 -64 -69 -34
Total Pre-Tax Income 		-39 -25 -36 -35 -42 -49 -64 -46 -64 -69 -37
Total Operating Income		 -41 -34 -42 -41 -40 -53 -54 -52 -67 -66 -37
Total Gross Profit		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Revenue		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Cost of Revenue		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses		 41 34 42 41 40 53 54 52 67 66 37
Selling, General & Admin Expense		 5.28 6.48 5.40 8.41 6.24 7.89 8.21 7.03 7.57 7.25 8.30
Research & Development Expense		 34 27 36 32 34 45 46 45 59 59 29
Total Other Income / (Expense), net		 1.46 9.26 5.72 5.47 -1.74 3.26 -10 6.26 3.12 -2.99 0.13
Interest Expense		 0.22 0.41 0.61 0.84 1.80 2.23 2.39 2.67 2.85 4.62 5.23
Interest & Investment Income		 3.87 3.56 3.22 4.06 4.34 3.91 3.54 4.14 4.80 5.12 4.69
Other Income / (Expense), net		 -2.19 6.11 3.12 2.25 -4.28 1.58 -12 4.78 1.17 -3.50 0.67
Income Tax Expense		 -0.01 0.62 0.40 0.43 -0.94 -0.56 0.44 1.23 -0.10 0.10 -2.87
Weighted Average Basic Shares Outstanding		 275.76M 276.26M 276.36M 297.83M 288.52M 297.64M 300.85M 326.22M 348.30M 348.30M 348.49M
Weighted Average Diluted Shares Outstanding		 275.76M 276.26M 276.36M 297.83M 288.52M 297.64M 300.85M 326.22M 348.30M 348.30M 348.49M
Weighted Average Basic & Diluted Shares Outstanding		 269.37M 269.37M 290.14M 297.64M 297.64M 297.64M 300.85M 348.30M 348.30M 348.30M 348.49M

Annual Cash Flow Statements for EVE

This table details how cash moves in and out of EVE's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.00 14 35 -2.26 9.48 55
Net Cash From Operating Activities		 -9.03 -15 -59 -95 -136 -160
Net Cash From Continuing Operating Activities		 -9.03 -15 -59 -95 -136 -160
Net Income / (Loss) Continuing Operations		 -9.63 -18 -174 -128 -138 -224
Consolidated Net Income / (Loss)		 -9.63 -18 -174 -128 -138 -224
Depreciation Expense		 0.00 0.11 0.03 0.18 0.25 0.93
Amortization Expense		 0.01 0.00 0.01 0.08 0.52 0.50
Non-Cash Adjustments To Reconcile Net Income		 -0.00 0.15 108 5.80 -0.54 4.38
Changes in Operating Assets and Liabilities, net		 0.59 3.11 6.58 27 1.97 58
Net Cash From Investing Activities		 0.00 0.00 -258 67 -56 -47
Net Cash From Continuing Investing Activities		 0.00 0.00 -258 67 -56 -47
Purchase of Property, Plant & Equipment		 0.00 0.00 -0.48 -0.17 -5.22 -13
Acquisitions		 - - - 0.00 0.00 -2.18
Purchase of Investments		 0.00 0.00 -177 -153 -269 -329
Sale and/or Maturity of Investments		 - 0.00 0.00 220 137 297
Other Investing Activities, net		 0.00 0.00 -81 0.00 81 0.00
Net Cash From Financing Activities		 9.03 29 353 25 203 263
Net Cash From Continuing Financing Activities		 9.03 29 353 25 203 263
Repayment of Debt		 - 0.00 0.00 -0.24 -1.08 -0.46
Repurchase of Common Equity		 - - 0.00 0.00 -0.96 -8.93
Issuance of Debt		 - 0.00 0.00 25 111 46
Issuance of Common Equity		 0.00 15 370 0.00 94 226
Other Financing Activities, net		 9.03 14 0.00 -0.28 0.01 -0.16
Effect of Exchange Rate Changes		 - 0.00 0.00 0.49 -1.35 -0.71
Cash Interest Paid		 - 0.00 0.00 0.08 2.84 9.01
Cash Income Taxes Paid		 0.00 0.00 0.97 1.76 3.57 1.27

Quarterly Cash Flow Statements for EVE

This table details how cash moves in and out of EVE's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 37 -23 4.18 -3.19 32 3.14 -18 26 44 18 -69
Net Cash From Operating Activities		 -25 -36 -31 -31 -39 -25 -56 -54 -26 -68 -47
Net Cash From Continuing Operating Activities		 -25 -36 -31 -31 -39 -25 -56 -54 -26 -68 -47
Net Income / (Loss) Continuing Operations		 -39 -25 -36 -36 -41 -49 -65 -47 -64 -69 -34
Consolidated Net Income / (Loss)		 -39 -25 -36 -36 -41 -49 -65 -47 -64 -69 -34
Depreciation Expense		 0.04 0.05 0.06 0.07 0.08 0.08 0.11 0.35 0.39 0.39 0.52
Amortization Expense		 0.03 0.05 0.03 0.28 0.15 0.17 0.17 0.13 0.04 0.04 0.04
Non-Cash Adjustments To Reconcile Net Income		 7.21 -1.91 -3.00 3.46 0.91 1.90 2.26 1.13 -0.91 3.77 -0.96
Changes in Operating Assets and Liabilities, net		 7.04 -8.71 8.54 1.26 0.89 22 6.51 -8.72 38 -3.51 -13
Net Cash From Investing Activities		 47 -2.11 21 -81 5.79 19 27 -150 58 -32 -30
Net Cash From Continuing Investing Activities		 47 -2.11 21 -81 5.79 19 27 -150 58 -32 -30
Purchase of Property, Plant & Equipment		 - -0.11 -0.66 -3.24 -1.22 -0.46 -1.26 -6.73 -4.10 -0.53 -2.15
Purchase of Investments		 -100 -12 -15 -172 -70 -98 -10 -209 -12 -110 -55
Sale and/or Maturity of Investments		 147 10 37 94 -4.00 117 38 66 76 79 27
Net Cash From Financing Activities		 14 15 14 109 65 9.28 11 230 13 117 9.10
Net Cash From Continuing Financing Activities		 14 15 14 109 65 9.28 11 230 13 117 9.10
Repayment of Debt		 0.13 -0.22 -0.27 -0.30 -0.30 -0.18 - - -0.29 -51 -1.11
Issuance of Debt		 14 15 15 16 66 9.46 11 12 13 168 10
Effect of Exchange Rate Changes		 0.09 -0.12 -0.66 -0.01 -0.56 0.21 -0.27 -0.26 -0.38 0.41 -0.38
Cash Interest Paid		 0.08 0.27 0.45 0.60 1.52 2.09 2.24 2.37 2.32 1.72 4.28

Annual Balance Sheets for EVE

This table presents EVE's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 235 22 313 245 318 435
Total Current Assets		 2.28 21 312 242 313 411
Cash & Equivalents		 1.97 14 49 47 56 103
Restricted Cash		 - - - - 0.00 8.38
Short-Term Investments		 - 0.00 179 111 247 281
Accounts Receivable		 - 0.22 0.20 0.19 0.47 0.05
Other Current Assets		 - 6.27 1.43 0.89 8.96 18
Plant, Property, & Equipment, net		 0.00 0.00 0.45 0.55 0.61 11
Total Noncurrent Assets		 232 0.00 0.22 2.57 4.82 13
Intangible Assets		 - - - - - 4.76
Noncurrent Deferred & Refundable Income Taxes		 - 0.00 0.00 1.71 2.64 3.92
Other Noncurrent Operating Assets		 232 0.00 0.22 0.86 2.19 4.74
Total Liabilities & Shareholders' Equity		 235 22 313 245 318 435
Total Liabilities		 48 11 26 80 194 311
Total Current Liabilities		 0.35 10 25 52 59 125
Short-Term Debt		 - - - - 0.00 3.37
Accounts Payable		 0.35 0.88 2.10 4.57 37 74
Other Current Liabilities		 - 9.29 23 47 22 47
Total Noncurrent Liabilities		 48 0.70 1.02 28 135 186
Long-Term Debt		 - 0.00 0.00 26 132 176
Other Noncurrent Operating Liabilities		 48 0.70 1.02 2.54 2.97 9.94
Commitments & Contingencies		 0.00 0.00 - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -46 0.00 287 165 124 124
Total Preferred & Common Equity		 -46 11 287 165 124 124
Total Common Equity		 -46 0.00 287 165 124 124
Common Stock		 0.00 0.00 504 510 607 831
Retained Earnings		 -46 0.00 -217 -345 -483 -707

Quarterly Balance Sheets for EVE

This table presents EVE's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 296 272 262 228 215 290 304 261 440 484 458
Total Current Assets		 296 271 260 224 210 286 298 250 425 457 421
Cash & Equivalents		 12 34 10 24 28 25 60 42 66 121 52
Restricted Cash		 - - - - - - - - 1.58 8.51 8.59
Short-Term Investments		 199 151 164 115 93 255 228 201 344 312 342
Accounts Receivable		 0.20 0.31 1.62 0.10 0.00 0.02 0.00 0.00 0.01 0.01 0.06
Other Current Assets		 0.74 1.46 1.59 1.60 3.88 5.69 10 7.40 13 16 18
Plant, Property, & Equipment, net		 0.59 0.51 0.48 0.51 1.24 0.51 0.96 4.92 8.58 12 14
Total Noncurrent Assets		 0.21 0.55 1.51 3.54 2.96 4.74 5.58 5.94 6.35 16 22
Intangible Assets		 - - - - - - - - - 5.98 7.43
Noncurrent Deferred & Refundable Income Taxes		 - - - 1.71 1.71 1.71 2.74 2.64 2.64 3.92 6.89
Other Noncurrent Operating Assets		 0.21 0.55 1.51 1.83 1.25 3.02 2.84 3.30 3.72 5.92 7.78
Total Liabilities & Shareholders' Equity		 296 272 262 228 215 290 304 261 440 484 458
Total Liabilities		 34 40 60 87 109 126 228 248 256 428 435
Total Current Liabilities		 33 39 46 45 54 55 83 90 81 120 121
Short-Term Debt		 - - - - - - 0.13 0.54 0.79 3.41 5.74
Accounts Payable		 17 20 1.83 1.65 2.82 3.92 0.66 2.21 2.30 64 72
Other Current Liabilities		 16 19 44 44 52 51 82 87 78 53 43
Total Noncurrent Liabilities		 0.98 1.53 13 42 55 71 145 157 174 308 314
Long-Term Debt		 - - 11 40 53 68 142 154 167 296 303
Other Noncurrent Operating Liabilities		 0.98 1.53 2.03 2.19 2.53 2.78 3.20 3.37 6.85 12 11
Commitments & Contingencies		 - - - - - - - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 262 232 202 141 105 164 76 13 184 56 23
Total Preferred & Common Equity		 262 232 202 141 105 164 76 13 184 56 23
Total Common Equity		 262 232 202 141 105 164 76 13 184 56 23
Common Stock		 505 506 507 511 511 606 608 610 827 832 833
Retained Earnings		 -243 -274 -305 -370 -406 -442 -532 -596 -643 -776 -810

Annual Metrics And Ratios for EVE

This table displays calculated financial ratios and metrics derived from EVE's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - 348,304,584.00
DEI Adjusted Shares Outstanding		 - - - - - 348,304,584.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -0.64
Growth Metrics		 - - - - - -
Profitability Metrics		 - - - - - -
Net Operating Profit after Tax (NOPAT)		 -6.71 -13 -133 -91 -109 -158
Return On Investment Capital (ROIC_SIMPLE)		 - - -46.23% -47.89% -42.77% -51.98%
Earnings before Interest and Taxes (EBIT)		 -9.63 -18 -180 -142 -149 -229
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -9.62 -18 -180 -142 -148 -228
Valuation Ratios		 - - - - - -
Leverage & Solvency		 - - - - - -
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 176 -196 -65 -30 -116
Efficiency Ratios		 - - - - - -
Capital & Investment Metrics		 - - - - - -
Invested Capital		 184 -4.38 59 33 -46 -89
Increase / (Decrease) in Invested Capital		 0.00 -189 63 -26 -79 -41
Book Value per Share		 ($1.61) $0.00 $1.08 $0.61 $0.42 $0.36
Tangible Book Value per Share		 ($1.61) $0.00 $1.08 $0.61 $0.42 $0.36
Total Capital		 186 0.00 287 191 256 304
Total Debt		 0.00 0.00 0.00 26 132 180
Total Long-Term Debt		 0.00 0.00 0.00 26 132 176
Net Debt		 -1.97 -14 -228 -132 -171 -213
Capital Expenditures (CapEx)		 0.00 0.00 0.48 0.17 5.22 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.04 -3.67 59 32 -50 -103
Debt-free Net Working Capital (DFNWC)		 1.93 11 287 190 253 289
Net Working Capital (NWC)		 1.93 11 287 190 253 286
Net Nonoperating Expense (NNE)		 2.91 5.53 41 36 29 66
Net Nonoperating Obligations (NNO)		 -1.97 -4.38 -228 -132 -170 -213
Total Depreciation and Amortization (D&A)		 0.01 0.11 0.03 0.27 0.77 1.43
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $1.02 $0.00 ($0.46) ($0.48) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 28.75M 0.00 275.76M 288.52M 348.30M
Adjusted Diluted Earnings per Share		 $0.00 $1.02 $0.00 ($0.46) ($0.48) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 28.75M 0.00 275.76M 288.52M 348.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.02 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 28.75M 0.00 269.37M 297.64M 348.30M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.71 -13 -133 -91 -109 -158
Debt Service Ratios		 - - - - - -
Payout Ratios		 - - - - - -

Quarterly Metrics And Ratios for EVE

This table displays calculated financial ratios and metrics derived from EVE's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 348,304,584.00 348,304,584.00 348,304,584.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 348,304,584.00 348,304,584.00 348,304,584.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - -0.18 -0.20 -0.10
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
EBITDA Growth		 -78.18% 7.04% -10.07% -12.53% -2.54% -83.18% -69.14% -21.94% - -36.67% 44.73%
EBIT Growth		 -78.22% 6.78% -10.00% -13.34% -2.91% -83.40% -69.45% -22.11% - -36.84% 44.11%
NOPAT Growth		 -50.92% -22.57% -46.61% -21.24% 2.06% -55.02% -29.15% -27.11% - -26.08% 30.90%
Net Income Growth		 -95.80% 1.85% -15.85% -14.67% -3.64% -92.85% -77.76% -30.96% - -41.06% 47.08%
EPS Growth		 -150.00% 0.00% -18.18% -9.09% 6.67% -77.78% -61.54% -16.67% - 0.00% 0.00%
Operating Cash Flow Growth		 -18.10% -80.05% -10.98% -37.19% -57.78% 30.53% -80.93% -75.69% - -173.79% 15.15%
Free Cash Flow Firm Growth		 97.29% -110.93% 79.50% 1,045.27% 2,389.57% 605.48% 497.80% -141.20% - -139.73% -138.54%
Invested Capital Growth		 -44.55% -17.31% -22.52% -220.03% -241.68% -262.29% -303.69% -27.72% - -24.06% 3.15%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
EBITDA Q/Q Growth		 -26.10% 35.32% -38.94% 0.70% -14.91% -15.54% -28.29% 28.41% - -6.06% 48.12%
EBIT Q/Q Growth		 -26.08% 35.18% -38.74% 0.04% -14.48% -15.51% -28.19% 27.96% - -6.05% 47.64%
NOPAT Q/Q Growth		 -20.96% 16.70% -22.94% 2.13% 2.29% -31.85% -2.42% 3.67% - 1.02% 43.86%
Net Income Q/Q Growth		 -25.81% 35.58% -43.85% 1.65% -13.72% -19.87% -32.59% 27.55% - -7.65% 50.26%
EPS Q/Q Growth		 -36.36% 40.00% -44.44% 7.69% -16.67% -14.29% -31.25% 33.33% - 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -9.46% -46.10% 14.12% 0.11% -25.89% 35.68% -123.67% 3.00% - -162.64% 30.68%
Free Cash Flow Firm Q/Q Growth		 62.85% -563.98% -24.99% 406.62% -10.02% 46.59% -1.64% -131.75% - -450.79% 4.58%
Invested Capital Q/Q Growth		 -15.72% 30.27% -13.89% -226.97% 0.53% -49.23% -8.07% 20.39% - 3.53% 15.63%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Tax Burden Percent		 99.98% 102.53% 101.10% 101.20% 97.75% 98.87% 100.68% 102.68% - 100.14% 92.26%
Interest Burden Percent		 91.50% 88.69% 93.25% 91.65% 94.26% 96.71% 98.24% 96.87% - 98.42% 101.48%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Equity (ROE)		 -56.49% -63.06% -78.47% -74.78% -95.63% -148.98% -320.52% -115.63% - -369.58% -1,179.22%
Cash Return on Invested Capital (CROIC)		 -141.97% -184.44% -224.54% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Common Equity (ROCE)		 -56.49% -63.06% -78.47% -74.78% -95.63% -148.98% -320.52% -115.63% - -369.58% -1,179.25%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -90.28% -125.76% -83.55% 0.00% -212.31% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -29 -24 -29 -29 -28 -37 -38 -36 -47 -46 -26
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -5.97% -1.00% -5.69% -3.86% -8.44% -9.82% -34.45% -4.64% - -15.59% -8.91%
Return On Investment Capital (ROIC_SIMPLE)		 -14.94% -13.13% - - -10.91% -16.86% -22.45% -10.32% -15.45% -13.07% -7.86%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -43 -28 -39 -39 -44 -51 -65 -47 -66 -70 -37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -43 -28 -39 -38 -44 -51 -65 -47 -65 -69 -36
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 11.95 10.32 10.38 5.74 13.07 12.98 151.97 6.23 - 15.41 38.29
Price to Tangible Book Value (P/TBV)		 11.95 10.32 10.38 5.74 13.07 12.98 151.97 6.23 - 17.25 56.77
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 56.22 31.82 27.86 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.16 0.28 0.50 0.42 1.07 1.87 11.50 0.91 - 5.34 13.53
Long-Term Debt to Equity		 0.16 0.28 0.50 0.42 1.07 1.87 11.46 0.91 - 5.28 13.28
Financial Leverage		 -0.80 -0.77 -0.75 -1.02 -1.05 -1.12 -1.32 -1.31 - -2.17 -5.06
Leverage Ratio		 1.24 1.30 1.44 1.51 1.95 2.45 4.01 2.10 - 5.96 19.82
Compound Leverage Factor		 1.13 1.15 1.35 1.38 1.84 2.37 3.94 2.03 - 5.87 20.11
Debt to Total Capital		 13.50% 22.13% 33.36% 29.45% 51.58% 65.14% 92.00% 47.73% - 84.22% 93.12%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.32% 0.23% - 0.96% 1.73%
Long-Term Debt to Total Capital		 13.50% 22.13% 33.36% 29.45% 51.58% 65.08% 91.68% 47.51% - 83.26% 91.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Common Equity to Total Capital		 86.50% 77.87% 66.64% 70.55% 48.42% 34.86% 8.00% 52.27% - 15.78% 6.88%
Debt to EBITDA		 -0.18 -0.29 -0.37 -0.46 -0.89 -0.83 -0.78 -0.81 - -1.21 -1.42
Net Debt to EBITDA		 0.93 0.70 0.48 1.44 1.15 0.85 0.45 1.18 - 0.58 0.43
Long-Term Debt to EBITDA		 -0.18 -0.29 -0.37 -0.46 -0.89 -0.83 -0.78 -0.81 - -1.20 -1.39
Debt to NOPAT		 -0.28 -0.42 -0.50 -0.62 -1.21 -1.16 -1.18 -1.21 - -1.79 -1.98
Net Debt to NOPAT		 1.45 1.03 0.65 1.92 1.57 1.19 0.67 1.75 - 0.85 0.61
Long-Term Debt to NOPAT		 -0.28 -0.42 -0.50 -0.62 -1.21 -1.16 -1.18 -1.21 - -1.77 -1.95
Altman Z-Score		 13.12 8.25 3.61 2.86 3.37 0.45 1.66 1.23 - -0.67 -0.75
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.66 4.96 3.87 5.21 5.27 3.60 2.77 5.21 - 3.80 3.48
Quick Ratio		 4.64 4.92 3.80 5.11 5.12 3.48 2.69 5.03 - 3.60 3.26
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2.23 -15 -19 57 51 75 74 -23 -5.44 -30 -28
Operating Cash Flow to CapEx		 0.00% -33,785.85% -4,666.92% -949.38% -3,183.21% -5,361.64% -4,423.29% -801.77% - -12,949.24% -2,200.23%
Free Cash Flow to Firm to Interest Expense		 -10.11 -36.00 -30.24 68.06 28.39 33.56 30.88 -8.77 - -6.45 -5.44
Operating Cash Flow to Interest Expense		 -110.91 -86.92 -50.17 -36.79 -21.47 -11.14 -23.30 -20.21 - -14.75 -9.03
Operating Cash Flow Less CapEx to Interest Expense		 -110.91 -87.18 -51.25 -40.67 -22.15 -11.34 -23.83 -22.73 - -14.86 -9.44
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 33 43 37 -47 -46 -69 -75 -60 -89 -86 -72
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Increase / (Decrease) in Invested Capital		 -26 -8.92 -11 -85 -79 -112 -111 -13 -41 -17 2.36
Enterprise Value (EV)		 1,839 1,356 1,023 729 1,448 843 1,954 903 - 722 780
Market Capitalization		 1,972 1,455 1,091 940 1,619 988 2,042 1,146 - 864 874
Book Value per Share		 $0.61 $0.52 $0.39 $0.56 $0.42 $0.26 $0.05 $0.61 $0.36 $0.16 $0.07
Tangible Book Value per Share		 $0.61 $0.52 $0.39 $0.56 $0.42 $0.26 $0.05 $0.61 $0.36 $0.14 $0.04
Total Capital		 191 181 158 232 256 218 168 352 304 355 332
Total Debt		 26 40 53 68 132 142 155 168 180 299 309
Total Long-Term Debt		 26 40 53 68 132 142 154 167 176 296 303
Net Debt		 -132 -98 -68 -212 -171 -145 -88 -244 -213 -142 -94
Capital Expenditures (CapEx)		 0.00 0.11 0.66 3.24 1.22 0.46 1.26 6.73 4.10 0.53 2.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 32 41 35 -49 -50 -73 -82 -68 -103 -101 -98
Debt-free Net Working Capital (DFNWC)		 190 179 156 231 253 215 161 344 289 340 306
Net Working Capital (NWC)		 190 179 156 231 253 215 160 343 286 336 300
Net Nonoperating Expense (NNE)		 11 1.54 7.19 7.21 13 12 27 11 17 22 8.17
Net Nonoperating Obligations (NNO)		 -132 -98 -68 -210 -170 -145 -88 -244 -213 -142 -95
Total Depreciation and Amortization (D&A)		 0.07 0.11 0.09 0.35 0.23 0.25 0.27 0.49 0.42 0.44 0.56
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.15) ($0.09) ($0.13) ($0.12) ($0.14) ($0.16) ($0.21) ($0.14) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 275.76M 276.26M 276.36M 297.83M 288.52M 303.64M 303.73M 326.22M 348.30M 348.30M 348.49M
Adjusted Diluted Earnings per Share		 ($0.15) ($0.09) ($0.13) ($0.12) ($0.14) ($0.16) ($0.21) ($0.14) $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 275.76M 276.26M 276.36M 297.83M 288.52M 303.64M 303.73M 326.22M 348.30M 348.30M 348.49M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 269.37M 269.37M 290.14M 297.64M 297.64M 297.64M 300.85M 348.30M 348.30M 348.30M 348.49M
Normalized Net Operating Profit after Tax (NOPAT)		 -29 -24 -29 -29 -28 -37 -38 -36 -47 -46 -26
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -194.21 -67.52 -62.97 -46.21 -24.53 -22.84 -27.39 -17.64 - -15.12 -6.99
NOPAT to Interest Expense		 -129.02 -57.65 -47.64 -34.23 -15.51 -16.48 -15.79 -13.60 - -10.05 -4.99
EBIT Less CapEx to Interest Expense		 -194.21 -67.78 -64.04 -50.08 -25.20 -23.05 -27.92 -20.16 - -15.23 -7.40
NOPAT Less CapEx to Interest Expense		 -129.02 -57.91 -48.71 -38.10 -16.18 -16.69 -16.32 -16.12 - -10.17 -5.40
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% -0.69% 0.00% 0.00% -4.43% - 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Eve Holding’s financial statements continue to reflect a pre-revenue development-stage company. Reported revenue and cost of revenue were zero in each supplied quarter, while the company funded research, development and corporate expenses through cash reserves, investments and debt financing.

  • Quarterly losses improved in Q2 2026. Net loss narrowed to $34.2 million from $68.8 million in Q1 2026 and $64.7 million in Q2 2025. The improvement was driven primarily by lower research and development spending, which fell to $28.9 million from $59.1 million in Q1 and $45.7 million a year earlier.
  • Operating cash burn also improved sequentially. Cash used in operating activities declined to $47.2 million in Q2 2026 from $68.1 million in Q1. This remains a significant outflow, but the reduction is favorable for near-term liquidity.
  • Eve retains substantial liquid resources. At June 30, 2026, cash, restricted cash and short-term investments totaled approximately $403.5 million. Total current assets of $421.2 million compared with current liabilities of $121.2 million, indicating strong short-term balance-sheet coverage.
  • Investment income continues to offset much of the company’s interest burden. Q2 2026 interest and investment income was $4.7 million versus $5.2 million of interest expense, helping limit the impact of the company’s losses.
  • The company is investing in its operating infrastructure. Net property, plant and equipment increased to $13.6 million in Q2 2026 from $11.7 million in Q1 and $4.9 million in Q2 2025, consistent with continued development activity.
  • Total assets have expanded significantly. Assets rose to $457.7 million in Q2 2026 from $261.0 million in Q2 2024, but much of the increase has been associated with short-term investments and additional financing rather than revenue-producing operations.
  • Short-term investments remain an important source of liquidity. The balance increased to $342.5 million in Q2 2026 from $201.2 million in Q2 2025, although it declined from $344.2 million in Q3 2025. Investors should monitor the mix, maturity and accessibility of these investments.
  • Eve has not yet demonstrated commercial revenue generation. Revenue has been reported at zero throughout the supplied periods, leaving the company without operating sales to absorb research, development and administrative costs.
  • Negative operating cash flow has persisted across the supplied four-year period. Operating cash outflows were approximately $24.9 million in Q4 2022, $22.4 million in Q3 2023, $38.7 million in Q4 2024, $25.9 million in Q4 2025 and $47.2 million in Q2 2026. The company remains dependent on external financing and liquidating investments to fund operations.
  • Debt and leverage have risen sharply. Total short- and long-term debt reached approximately $308.9 million at the end of Q2 2026, compared with $168.1 million in Q3 2025 and $52.6 million in Q2 2024. Long-term debt alone increased to $303.1 million, while Q2 financing cash flow was positive largely because of $10.3 million in new debt issuance.
  • Book equity has deteriorated materially. Total equity fell to $22.8 million in Q2 2026 from $56.1 million in Q1 and $184.1 million in Q3 2025. Retained earnings were negative $810.1 million, reflecting the cumulative impact of ongoing losses.
  • Cash declined substantially during Q2 2026. The company reported a $68.6 million net decrease in cash and equivalents during the quarter, with operating and investing outflows exceeding financing inflows. Cash and equivalents fell to $52.2 million from $120.9 million at the end of Q1.

Overall, the latest quarter shows some operational progress, but the investment case remains highly dependent on commercialization. Lower R&D spending and a smaller net loss are encouraging, yet Eve continues to report no revenue, recurring operating cash burn and rising debt. The company’s sizable investment portfolio provides a liquidity cushion, but that cushion is being consumed while liabilities increase and equity declines.

09/16/26 01:48 AM ETAI Generated. May Contain Errors.

EVE Financials - Frequently Asked Questions

According to the most recent income statement we have on file, EVE's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

EVE's net income appears to be on an upward trend, with a most recent value of -$224.26 million in 2025, rising from -$9.63 million in 2020. The previous period was -$138.17 million in 2024. View EVE's forecast to see where analysts expect EVE to go next.

EVE's total operating income in 2025 was -$225.39 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $225.39 million

Over the last 5 years, EVE's total revenue changed from $0.00 in 2020 to $0.00 in 2025, a change of 0.0%.

EVE's total liabilities were at $311.12 million at the end of 2025, a 60.1% increase from 2024, and a 542.0% increase since 2020.

In the past 5 years, EVE's cash and equivalents has ranged from $1.97 million in 2020 to $103.23 million in 2025, and is currently $103.23 million as of their latest financial filing in 2025.

Over the last 5 years, EVE's book value per share changed from -1.61 in 2020 to 0.36 in 2025, a change of -122.1%.


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Financial statements for NYSE:EVEX last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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