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Eve Holding (EVEX)
NYSE:EVEX
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Eve Holding
(NYSE:EVEX)
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Rating:43Neutral
Price Target:―
Eve Holding's overall stock score is driven by significant financial challenges, including no revenue and increasing losses. Despite a robust order backlog and progress in prototype development, the company faces substantial cash burn and financial instability. Technical indicators show some short-term potential, but the negative P/E ratio and lack of dividends highlight valuation concerns.
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 (EVEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.20B
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue GrowthN/A
EPS Growth-30.78%
CountryUS
Employees174
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.14
Shares Outstanding300,881,900
10 Day Avg. Volume944,440
30 Day Avg. Volume1,287,340
Financial Highlights & Ratios
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 Cap0.00
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$7.38Price Target Upside85.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Eve Holding Business Overview & Revenue Model
Company DescriptionEve Holding, Inc. (EVEX) is a company focused on developing urban air mobility solutions. It operates within the aerospace sector, primarily engaging in the design and production of electric vertical takeoff and landing (eVTOL) aircraft. Eve aims to revolutionize urban transportation by offering innovative, sustainable, and efficient air mobility options to enhance connectivity and reduce congestion in urban environments.
How the Company Makes MoneyEve 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 Earnings Call Summary
Earnings Call Date:Nov 04, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 18, 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.Q3-2025 Updates
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.
Financial Strength and Funding
Eve successfully raised $230 million through a registered direct offering, improving their cash position to the highest level ever and extending their cash runway to about 2.5 years.
Pre-Order Backlog and Revenue Potential
Eve's total pre-order backlog stands around 2,800 aircraft, valued close to $14 billion, with additional potential revenue of up to $1.6 billion from aftermarket products and services.
Partnerships and Market Expansion
Eve announced an agreement with the Kingdom of Bahrain to position it as a regional hub for eVTOLs, with plans to conduct test flights in the region by 2027.
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.
Cash Consumption
Operations consumed $60 million in the quarter, with total cash consumption for the year projected to be at the low end of $200 million to $250 million.
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
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.10
Very Negative
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.25
Negative
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.20
Very Negative
| 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 | -107.00K | -200.00K | -100.00K | -33.49K | -108.00K | 0.00 |
| EBITDA | -148.54M | -133.80M | -125.74M | -173.06M | -18.15M | -16.66M |
| Net Income | -201.03M | -138.17M | -127.66M | -174.03M | -18.26M | -9.66M |
Balance Sheet | ||||||
| Total Assets | 439.68M | 318.24M | 245.34M | 312.88M | 15.32M | 72.99K |
| Cash, Cash Equivalents and Short-Term Investments | 65.84M | 303.38M | 158.10M | 227.93M | 14.38M | 1.97M |
| Total Debt | 794.00K | 132.01M | 25.76M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 255.62M | 194.32M | 80.29M | 25.95M | 2.23M | 1.09M |
| Stockholders Equity | 184.06M | 123.92M | 165.05M | 286.92M | 13.09M | -1.01M |
Cash Flow | ||||||
| Free Cash Flow | -173.93M | -141.18M | -94.68M | -59.93M | -14.89M | -9.03M |
| Operating Cash Flow | -173.17M | -135.97M | -94.51M | -59.46M | -14.89M | -9.03M |
| Investing Cash Flow | -98.67M | -56.22M | 66.83M | -258.48M | -4.60M | -232.30M |
| Financing Cash Flow | 315.59M | 203.02M | 24.93M | 352.70M | 29.26M | 9.03M |
Eve Holding Technical Analysis
Negative
3.98
Price Trends
4.20
Negative
5.15
Negative
4.67
Negative
Market Momentum
-0.05
Positive
38.42
Neutral
19.32
Positive
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 3.98 is below the 20-day moving average (MA) of 4.49, below the 50-day MA of 4.20, and below the 200-day MA of 4.67, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.42 is Neutral, neither overbought nor oversold. The STOCH value of 19.32 is Positive, 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 13 risk factors in its most recent earnings report. Eve Holding reported the most risks in the "Ability to Sell" 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% | |
53 Neutral | $1.22B | -34.43 | -30.69% | ― | 87.67% | 18.33% | |
49 Neutral | $201.57M | -0.39 | -91.98% | ― | -84.19% | 55.27% | |
49 Neutral | $6.17B | -7.48 | -60.83% | ― | ― | -4.00% | |
43 Neutral | $1.20B | ― | -320.52% | ― | ― | -30.78% | |
40 Underperform | $8.33M | >-0.01 | ― | ― | -14.94% | 49.72% | |
25 Underperform | $418.74M | -0.37 | ― | ― | ― | ― |
* Industrials Sector Average
EVEX
Eve Holding
3.98
1.30
48.51%
SPCE
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-49.13%
EH
Ehang Holdings
16.92
-1.52
-8.24%
EVTL
Vertical Aerospace
4.25
-0.13
-2.97%
ACHR
Archer Aviation
9.56
6.31
194.15%
KITT
Nauticus Robotics
1.46
-11.32
-88.58%
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.