Eve Holding, Inc.
Eve Holding, Inc. Q4 FY2025 earnings call
March 17, 2026 · fiscal period ended 2025-12
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2026-03-17
Management highlights
Good morning, everyone. This was a special quarter for Eve. They concluded the first flight of their engineering prototype on December 19th, which was a major milestone. They've performed 28 flights with over an hour of flight time. The prototype recently completed a two-week load calibration test and is ready to resume flight testing. They're engaged with ANAC on certification plans and suppliers for components of the first conforming prototype. They signed a firm order with Japan Air X in early February, having a total pre-order backlog around 2700 aircraft with a total value close to 13.5 billion dollars. EVE ended 2025 with $541 million in liquidity, invested $195 million in R&D in 2025, reported a net loss of $224 million for the full year, and expects cash consumption to intensify in 2026 with operations consuming between $225 and $275 million.
Guidance
Expect cash consumption to intensify in 2026 with operations consuming between $225 and $275 million. Remain in a comfortable financial position with liquidity enough to cover capital needs well into 2028.
Q&A highlights
Q: Could you give more color on cash consumption breakout between R&D, SG&A, and CapEx?
A: 225 to 275 mostly R&D, SG&A around 30 million, CAPEX around 20 to 30 million.
Q: Feedback from ANAC on means of compliance and impact on CDR review?
A: Working on noise and means of compliance related to FAA new AC, doesn't much impact CDR.
Q: Update on six ANIC conforming aircrafts?
A: Prototypes for testing, some parts and tooling being manufactured.
Q: Update on service and support segment?
A: Focus on ecosystem building, announced partnerships.
Q: Pace of further firm orders and certification entry?
A: Natural conversion happening with ecosystem preparation.
Q: Deferral of payments to Embraer and backlog contraction?
A: Payments to Embraer due to invoice timing, backlog contraction natural with LOI changes.
Q: Certification deadline insight?
A: Significant progress but still challenges ahead.
Q: Suppliers for critical components?
A: All critical components suppliers engaged.
Q: 300 flights timeline?
A: 300 flights reference, adjust as development progresses.
Q: ANAC equivalent pilot program and production capacity?
A: Support pilot programs, modular production approach with plans for scaling.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $-0.18 | $-0.16 | -15.4% | $-0.14 |
| Revenue | — | — | — | — |
Transcript
March 17, 2026Full transcript unavailable for redistribution
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