Eve Holding Q1 net loss widens on higher R&D costs

Eve Holding

05/05/2026 11:18

Overview

US eVTOL developer reported Q1 net loss widened yr/yr as R&D expenses increased

Company remains pre-operational with no meaningful revenue expected during development phase

Total liquidity reached record $577.7 mln after new $150 mln syndicated loan

Outlook

Company does not expect meaningful revenue during the aircraft development phase

Company expects financial results to be driven mainly by program development costs

Company says current funding is sufficient to support operations and investments through 2028

Result Drivers

HIGHER R&D EXPENSES - Net loss widened mainly due to increased R&D costs for eVTOL development, supplier engagement, and use of Embraer engineering resources

MSA PAYMENT IMPACT - Cash consumption included an $11 mln payment under the MSA with Embraer deferred from prior quarter

LOWER SG&A - SG&A expenses decreased due to lower payroll-related costs associated with employee RSUs recognized in the prior year

Company press release: ID:nPn96wz5Za

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$68.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Eve Holding Inc is $7.25, about 154.4% above its May 4 closing price of $2.85

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)