Eve Holding (EVEX) financial statements
Net income was -$224M.
Free cash flow was -$173M.
The diluted share count rose 46% over the period (dilution).
Income statement
Fiscal years, from Eve Holding's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Research and development | $8M | $13M | $52M | $106M | $130M | $195M |
| Selling, general and admin | $1M | $5M | $33M | $23M | $27M | $31M |
| Operating income | -$10M | -$18M | -$189M | -$131M | -$156M | -$225M |
| Interest expense | — | $0 | $0 | $252,000 | $4M | $10M |
| Pre-tax income | -$10M | -$18M | -$173M | -$126M | -$138M | -$223M |
| Income tax | $0 | $0 | $933,000 | $2M | $507,000 | $1M |
| Net income | -$10M | -$18M | -$174M | -$128M | -$138M | -$224M |
| EPS (diluted) | -$0.04 | -$0.08 | -$0.68 | -$0.46 | -$0.48 | -$0.70 |
| Diluted shares | 220M | 220M | 254M | 276M | 289M | 321M |
Balance sheet
Fiscal years, from Eve Holding's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $14M | $228M | $158M | $303M | $384M |
| Total current assets | $2M | $21M | $312M | $242M | $313M | $411M |
| Property, plant and equipment | — | $0 | $452,000 | $547,000 | $611,000 | $11M |
| Total assets | $235M | $22M | $313M | $245M | $318M | $435M |
| Total current liabilities | $352,051 | $10M | $25M | $52M | $59M | $125M |
| Long-term debt | — | — | $0 | $26M | $132M | $176M |
| Total liabilities | $48M | $11M | $26M | $80M | $194M | $311M |
| Shareholders' equity | -$1M | $11M | $287M | $165M | $124M | $124M |
| Net debt | -$2M | -$14M | -$49M | -$21M | $76M | $77M |
Cash flow
Fiscal years, from Eve Holding's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$9M | -$15M | -$59M | -$95M | -$136M | -$160M |
| Capital spending | $0 | $0 | $476,000 | $168,000 | $5M | $13M |
| Free cash flow | -$9M | -$15M | -$60M | -$95M | -$141M | -$173M |
| Stock-based compensation | $0 | $0 | $3M | $3M | $4M | $4M |
| Net borrowing | — | $0 | $0 | $25M | $111M | $46M |
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How much free cash flow does Eve Holding generate?
-$173M in fiscal 2025 (operating cash flow minus capital spending).
From Eve Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.