Eve Holding, Inc. Reveals Fourth Quarter and Annual Results for FY2025

Eve Holding, Inc. Reports Fourth Quarter and FY2025 Results

Eve Holding, Inc., trading under the ticker symbols NYSE: EVEX and EVEXW, has recently disclosed its fourth quarter and fiscal year 2025 financial outcomes, marking an important period in its operations and development strategy.

The year 2025 was pivotal for Eve Air Mobility as the company took significant strides toward establishing a robust Urban Air Mobility (UAM) ecosystem. Highlights of the year included the successful selection of a new motor supplier and completing several critical ground tests that culminated in the maiden flight of its engineering prototype in December. This initial flight has been the start of a comprehensive flight campaign, with the prototype now having completed 28 flights accumulating over an hour of airtime with telemetry results surpassing expectations. Looking ahead, the company plans approximately 300 flights in 2026, maintaining a rapid progression in its flight campaign.

Eve’s electric Vertical Take-Off and Landing (eVTOL) aircraft features a Lift+Cruise configuration, including eight dedicated propellers designated for vertical lift, which remain static during flight, alongside fixed wings used for cruising. This innovative design also incorporates a dual-electric-motor system for added safety and performance redundancy. Eve's approach, characterized by a focus on simplicity through fewer components, is aimed at reducing both maintenance demands and operational costs while enhancing reliability for operators and streamlining the path to certification.

Eve is in active communication with aviation authorities to expedite certification processes for its eVTOL aircraft. In Brazil, for instance, the National Civil Aviation Agency is expected to soon outline the Means of Compliance needed for the aircraft’s Type Certification. The company anticipates commencing its certification campaign shortly thereafter and expects its six prototypes to be ready for the certification flight phase in 2027. Ground testing—including simulations, wind-tunnel experiments, and functional tests on the Iron Bird, which replicates key aircraft systems—has already netted valuable certification credits.

At the end of 2025, Eve reported the largest backlog in its history, with 2.7k Letters of Intent (LOIs) and began transitioning these into firm orders. So far, 100 aircraft have been secured under binding contracts, complemented by Services Support Solutions (Eve TechCare®) agreements, which promise long-term revenue visibility and a more stable cash flow in the coming years. Furthermore, Eve continues to enhance its Urban Air Traffic Management software, Eve Vector®, to meticulously scale UAM operations on a global scale.

Last year marked a successful achievement of operational milestones, alongside a cash consumption of $196 million, aligning closely with 2025 forecasts. The company successfully raised around $400 million within the last six months through diversified funding channels, demonstrating notable investor confidence. Total liquidity reached a record high of $641 million, reinforcing Eve’s position to support ongoing Research and Development, as well as operational costs, through 2028.

Despite facing a challenging operating environment in 2026, Eve remains committed to maintaining discipline and navigating challenges with resilience. The conclusion of 2025 instilled a sense of confidence in Eve's capabilities, showcasing teamwork, focus, and a dedication to safety and quality, setting an optimistic tone for the forthcoming year.

As stated by CEO Johann Bordais, 2026 is anticipated to be another important year in Eve's journey towards revolutionizing urban air travel, reaffirming confidence in the company’s strategies and objectives. His sentiment reflects the strong belief in the collective vision, effective partnerships, and the determination to push forward.

In terms of its financial health, Eve reported a net loss of $63.9 million in Q4 2025, compared to $40.7 million in the same quarter of 2024, driven primarily by heightened Research and Development expenses reached $59.4 million for the quarter—a significant increase from $33.7 million in Q4 2024. Continued collaboration with Embraer, which includes a Master Service Agreement, has fueled these rising development costs as engineering and infrastructure demands increase.

Overall, Eve Holding is strategically positioned for growth in the urban air mobility sector as it continues to innovate and advance its projects, setting the stage for a transformative era in air transportation.