Eve Holding (EVEX)
NYSE:EVEX
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Eve Holding
(NYSE:EVEX)
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Rating:46Neutral
Price Target:
$2.50
▼(-3.85% Downside)
Action:ReiteratedDate:03/17/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and significant free-cash-flow burn) and bearish technicals (price below key moving averages with negative MACD). The earnings call provides partial support via documented development milestones, sizable stated backlog, and improved runway from funding, but profitability and cash burn remain the central risks.
Positive Factors
Strategic partnership with Embraer
Eve’s strategic relationship with Embraer supplies engineering, certification and industrialization expertise and access to customer channels. This durable alliance lowers technical and go-to-market risk, accelerating certification and reducing independent development overhead over the next several years.
Negative Factors
Pre-revenue with widening net losses
Eve remains pre-revenue and recorded materially larger net losses in 2025, reflecting heavy program spending. Without product revenues, profitability depends on successful certification and deliveries years away, leaving sustained losses until commercialization and creating ongoing financing and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic partnership with Embraer
Eve’s strategic relationship with Embraer supplies engineering, certification and industrialization expertise and access to customer channels. This durable alliance lowers technical and go-to-market risk, accelerating certification and reducing independent development overhead over the next several years.
Read all positive factors
Eve Holding (EVEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$905.59M
Dividend YieldN/A
Average Volume (3M)1.14M
Price to Earnings (P/E)―
Beta (1Y)1.77
Revenue GrowthN/A
EPS Growth-33.69%
CountryUS
Employees174
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.19
Shares Outstanding348,304,600
10 Day Avg. Volume1,477,309
30 Day Avg. Volume1,144,516
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)10.36
Price to Sales (P/S)0.00
P/FCF Ratio-7.41
Enterprise Value/Market Cap0.94
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-1.15K
Enterprise Value/Ebitda-3.90
Forecast
1Y Price Target
$6.55Price Target Upside151.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)-0.66
Revenue Forecast (FY)$625.00K
Eve Holding Business Overview & Revenue Model
Company Description
Eve Holding, Inc. develops urban air mobility solutions. It is involved in the design and production of eVTOLs; provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground hand...
How the Company Makes Money
Eve Holding’s business model is centered on generating revenue from the commercialization of eVTOL aircraft and associated support offerings. Primary intended revenue streams include (1) aircraft-related revenue from the sale of eVTOL aircraft to ...
Eve Holding Key Performance Indicators (KPIs)
Eve Holding Earnings Call Summary
Earnings Call Date:Nov 04, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The earnings call highlighted Eve Holding's progress with key milestones, financial strength, and strategic partnerships, despite ongoing net losses and significant cash consumption.Positive Updates
Strong Third Quarter Achievements
Eve Holding, Inc. reached several key milestones in Q3 2025, including the final stages of testing their engineering prototype and the start of operations for the Iron Bird, contributing to the testing of actual hardware for their aircraft.
Negative Updates
Ongoing Net Loss
Eve reported a net loss of $47 million in the third quarter of 2025, reflecting costs associated with program development and increased engagement with suppliers.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Third Quarter Achievements
Eve Holding, Inc. reached several key milestones in Q3 2025, including the final stages of testing their engineering prototype and the start of operations for the Iron Bird, contributing to the testing of actual hardware for their aircraft.
Read all positive updates
Company Guidance
During Eve Holding, Inc.'s third quarter 2025 earnings conference call, several key metrics and guidance points were highlighted. The company announced the receipt of all electrical motors for their engineering prototype from Beta Technology Company, with testing and integration completed, paving the way for a flight campaign to commence by the end of 2025 or early 2026. Eve's backlog stands at approximately 2,800 aircraft, translating to a value close to $14 billion, and includes nonbinding letters of intent from 28 customers as well as a firm order from Revo. The company also secured a new $230 million funding round, boosting their cash position to $412 million and extending the cash runway to 2.5 years. Eve anticipates cash consumption for 2025 to be at the low end of their guidance range of $200 million to $250 million, reflecting effective cost management. The entry into service for their aircraft remains scheduled for 2027, with significant progress made in the selection of suppliers, including Embraer for landing gear.Eve Holding Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
15
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -930.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -224.46M | -133.75M | -125.66M | -173.07M | -18.15M |
| Net Income | -224.25M | -138.17M | -127.66M | -174.03M | -18.26M |
Balance Sheet | |||||
| Total Assets | 434.88M | 318.24M | 245.34M | 312.88M | 21.57M |
| Cash, Cash Equivalents and Short-Term Investments | 392.46M | 303.38M | 158.10M | 227.93M | 14.38M |
| Total Debt | 179.79M | 132.01M | 25.76M | 0.00 | 0.00 |
| Total Liabilities | 311.12M | 194.32M | 80.29M | 25.95M | 10.87M |
| Stockholders Equity | 123.76M | 123.92M | 165.05M | 286.92M | 10.70M |
Cash Flow | |||||
| Free Cash Flow | -172.99M | -141.18M | -94.68M | -59.93M | -14.89M |
| Operating Cash Flow | -160.43M | -135.97M | -94.51M | -59.46M | -14.89M |
| Investing Cash Flow | -46.73M | -56.22M | 66.83M | -258.48M | 0.00 |
| Financing Cash Flow | 263.12M | 203.02M | 24.93M | 352.70M | 29.26M |
Eve Holding Technical Analysis
Negative
2.60
Price Trends
3.34
Negative
3.84
Negative
4.52
Negative
Market Momentum
-0.23
Negative
36.45
Neutral
30.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVEX, the sentiment is Negative. The current price of 2.6 is below the 20-day moving average (MA) of 2.81, below the 50-day MA of 3.34, and below the 200-day MA of 4.52, indicating a bearish trend. The MACD of -0.23 indicates Negative momentum. The RSI at 36.45 is Neutral, neither overbought nor oversold. The STOCH value of 30.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVEX.
Eve Holding Risk Analysis
Eve Holding disclosed 79 risk factors in its most recent earnings report. Eve Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eve Holding Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | $16.26M | -0.42 | ― | ― | 95.38% | 45.87% | |
48 Neutral | $184.29M | -0.89 | -108.00% | ― | -82.36% | 56.88% | |
47 Neutral | $4.14B | -7.59 | -37.76% | ― | ― | 11.14% | |
46 Neutral | $905.59M | -5.44 | -225.72% | ― | ― | -33.69% | |
43 Neutral | $731.41M | -15.01 | -22.42% | ― | 23.58% | 20.74% | |
43 Neutral | $261.10M | ― | -174.08% | ― | ― | ― |
* Industrials Sector Average
EVEX
Eve Holding
2.60
-0.95
-26.76%
SPCE
Virgin Galactic Holdings
2.52
-0.73
-22.46%
EH
Ehang Holdings
10.19
-12.00
-54.08%
EVTL
Vertical Aerospace
2.65
-0.94
-26.18%
ACHR
Archer Aviation
5.56
-2.30
-29.26%
KITT
Nauticus Robotics
0.58
-8.33
-93.50%
Eve Holding Corporate Events
Executive/Board Changes
Eve Holding appoints independent director to strengthen board
Positive
Jan 29, 2026
On January 27, 2026, Eve Holding’s board appointed Uallace Moreira Lima, an independent director designated by BNDES Participações S.A. – BNDESPAR under a prior agreement with the company and Embraer Aircraft Holding, to fill...
Business Operations and StrategyPrivate Placements and Financing
Eve Holding Secures $150 Million Syndicated Credit Facility
Positive
Jan 16, 2026
On January 13, 2026, Eve Holding’s subsidiary EVE UAM, LLC entered into a syndicated credit agreement with a group of international lenders for a US$150 million advance, which was funded on January 15, 2026 after all conditions were satisfie...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.