earnings
confidence high
sentiment negative
materiality 0.65
Eve Holding Q1 net loss widens to $48.8M; cash burn improves; prototype on track for 2025 flight
Eve Holding, Inc.
2025-Q1 EPS reported
-$0.16
- Net loss of $48.8M in Q1 2025 vs $25.3M in Q1 2024; R&D expenses rose to $44.7M from $27.5M.
- Cash consumption improved to $25.3M (vs $35.9M in Q1 2024); total liquidity $410.3M including undrawn BNDES.
- Full-scale prototype ground tests ongoing; first flight expected in 2025; certification prototype assembly targeted H2 2025.
- Pre-revenue; backlog ~2,800 eVTOL units valued ~$14B (non-binding LOIs); no single customer >14%.
- 2025 total cash consumption guidance reaffirmed at $200-250M; management sees sufficient liquidity through 2026.