Eve Holding (EVEX) AI Stock Analysis

• Market Cap: $1.57B
• Dividend Yield: N/A
• Average Volume (3M): 1.48M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.56
• Revenue Growth: N/A
• EPS Growth: -33.69%
• Country: US
• Employees: 174
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -0.14
• Shares Outstanding: 348,304,600
• 10 Day Avg. Volume: 945,510
• 30 Day Avg. Volume: 1,481,168
• PEG Ratio: -2.61
• Price to Book (P/B): 12.67
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.12
• Enterprise Value/Market Cap: 0.64
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -2.83K
• Enterprise Value/Ebitda: -5.23
• 1Y Price Target: $7.50
• Price Target Upside: 62.34% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): -0.63
• Revenue Forecast (FY): $3.90M

• Rating: 49 Neutral
• Price Target: $4.00 ▼(-13.42% Downside)

EVEX scores below average primarily due to weak financial performance (no revenue, large losses, and substantial ongoing cash burn with rising leverage). Technicals also remain bearish with the stock trading below major moving averages. Offsetting these risks are comparatively stronger forward-looking indicators from the earnings call and recent corporate milestones (funding extended runway and meaningful prototype/testing progress), but execution and funding needs remain central until commercialization and revenue arrive.

Positive Factors

Strong Order Backlog

A robust order backlog indicates strong demand and provides revenue visibility, supporting long-term growth and market presence in the urban air mobility sector.

Certification Progress

Achieving certification milestones is crucial for commercial operations, enhancing Eve's ability to launch its eVTOL aircraft and gain a competitive edge in the aerospace market.

Successful Capital Raising

Raising substantial capital strengthens Eve's financial position, enabling continued investment in R&D and infrastructure, essential for long-term strategic initiatives and operational sustainability.

Negative Factors

Continued Financial Losses

Ongoing financial losses highlight challenges in achieving profitability, potentially impacting long-term financial health and necessitating strategic adjustments to reduce costs and improve margins.

High Cash Burn

Significant cash burn poses a risk to financial stability, requiring effective cash management and potentially limiting resources for future growth and development initiatives.

No Revenue Generation

The absence of revenue generation underscores operational challenges and raises concerns about the company's ability to monetize its innovations and achieve sustainable growth.

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 handling, and data services; and development of urban air traffic management systems. The company is based in Melbourne, Florida.

How the Company Makes Money

Eve Holding makes money through the development and sale of its eVTOL aircraft. The company generates revenue by partnering with urban mobility service providers and city planners to integrate its aircraft into existing transportation networks. Additionally, Eve may engage in direct sales of its eVTOL units to commercial operators and potentially gain recurring revenue through maintenance services and software solutions that enhance the operation and efficiency of its aircraft. Strategic partnerships with aerospace industry leaders and technology companies also play a crucial role in supporting its growth and expanding its market reach.

Eve Holding Financial Statement Overview

Summary

Eve Holding's financial position is precarious with no revenue generation, increasing losses, and a significant reliance on debt and external financing. The balance sheet and cash flow challenges indicate financial instability and a need for strategic restructuring to achieve profitability and sustainable growth.

Income Statement

Eve Holding has consistently reported zero revenue over the past six years, indicating a lack of operational income. The company is incurring losses, with a significant net loss of $138,168,000 in the latest year. This lack of revenue and continuous losses are major concerns for the income statement.

Balance Sheet

The balance sheet shows a relatively high debt-to-equity ratio due to increased total debt. Stockholders' equity has decreased, and the equity ratio has declined over time. Although the company maintains a positive cash position, the rising liabilities and decreasing equity are potential risks.

Cash Flow

Eve Holding's cash flow statement reveals negative operating and free cash flows, highlighting cash burn issues. Operating cash flow has worsened, reflecting ongoing operational challenges. Despite positive financing cash flows, the reliance on external funding raises sustainability concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-353.00K	0.00	0.00	0.00	0.00	0.00
EBITDA	-191.16M	-133.75M	-125.66M	-173.07M	-18.15M	-16.66M
Net Income	-201.03M	-138.17M	-127.66M	-174.03M	-18.26M	-16.66M
Balance Sheet
Total Assets	439.68M	318.24M	245.34M	312.88M	21.57M	72.99K
Cash, Cash Equivalents and Short-Term Investments	411.66M	303.38M	158.10M	227.93M	14.38M	0.00
Total Debt	168.09M	132.01M	25.76M	0.00	0.00	0.00
Total Liabilities	255.62M	194.32M	80.29M	25.95M	10.87M	1.09M
Stockholders Equity	184.06M	123.92M	165.05M	286.92M	10.70M	-1.01M
Cash Flow
Free Cash Flow	-182.84M	-141.18M	-94.68M	-59.93M	-14.89M	-9.03M
Operating Cash Flow	-173.18M	-135.97M	-94.51M	-59.46M	-14.89M	-9.03M
Investing Cash Flow	-98.67M	-56.22M	66.83M	-258.48M	0.00	0.00
Financing Cash Flow	315.59M	203.02M	24.93M	352.70M	29.26M	9.03M

Eve Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVEX, the sentiment is Positive. The current price of 4.62 is above the 20-day moving average (MA) of 4.54, above the 50-day MA of 4.34, and below the 200-day MA of 4.68, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 55.82 is Neutral, neither overbought nor oversold. The STOCH value of 53.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVEX.

Eve Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EVEX	49 Neutral	$1.57B	-7.06	-115.63%	―	―	-33.69%
ACHR	49 Neutral	$6.27B	-7.45	-59.13%	―	―	11.14%
SPCE	48 Neutral	$205.40M	-0.45	-98.87%	―	-82.36%	56.88%
EVTL	45 Neutral	$600.03M	-0.67	―	―	―	―
KITT	44 Neutral	$28.06M	>-0.01	―	―	95.38%	45.87%
EH	43 Neutral	$1.02B	-33.14	-24.60%	―	23.58%	20.74%

Eve Holding Corporate Events

Eve Holding Completes First Flight of Full-Scale eVTOL Prototype

On December 19, 2025, Eve Holding announced it had completed the first flight of its uncrewed full-scale eVTOL aircraft prototype at Embraer’s test facility in Gavião Peixoto, São Paulo, marking the start of its flight test phase and validating integration of key systems such as fifth-generation fly-by-wire controls and fixed-pitch lifter rotors. The company plans a series of additional test flights through 2026, including six conforming prototypes, as part of its certification campaign, while continuing to work with Brazil’s ANAC as the primary certifying authority, alongside the FAA and EASA, underscoring a critical milestone in advancing its technology toward regulatory approval and eventual commercial deployment in the emerging urban air mobility market.

The most recent analyst rating on (EVEX) stock is a Hold with a $4.84 price target. To see the full list of analyst forecasts on Eve Holding stock, see the EVEX Stock Forecast page.

Eve Holding Secures Financing for eVTOL Development

On November 18, 2025, Eve Brazil, a subsidiary of Eve Holding, entered into a financing agreement with Brazil’s National Development Bank (BNDES) to secure two lines of credit aimed at supporting the development of eVTOLs. The agreement includes a R$160 million credit from the Climate Fund Program and a R$40 million credit from foreign currency funds, with repayment terms extending from May 2028 to November 2040. This financing is expected to bolster Eve Brazil’s efforts in the electric motor development phase, potentially enhancing its position in the urban air mobility market.

The most recent analyst rating on (EVEX) stock is a Buy with a $7.50 price target. To see the full list of analyst forecasts on Eve Holding stock, see the EVEX Stock Forecast page.