# Eve Holding, Inc. (EVEX)

> Source: Nexqual · https://nexqual.com/EVEX · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Eve Holding, Inc. (EVEX), nexqual.com/EVEX" · informational, not investment advice.

**Price:** USD 1.64 (-1.80% on the day) · last close of Oct 28, 2026; US market pre market, not a live price. Prev close 1.67 · day 1.59–1.69 · 52w 1.41–5.16 · market cap $572M · NYQ

## Key facts
- Analysts: Buy (mean 2.20 on a 1–5 scale) (10 analysts), mean target USD 6.26 (range 3.05–9).
- Total return with dividends: 1Y -64.0% vs S&P 500 +13.6%; 5Y -74.2% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD -0.19, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$18.2M | -$189M | -$131M | -$156M | -$225M | -$222M |
| Net income | -$18.3M | -$174M | -$128M | -$138M | -$224M | -$214M |
| EPS (diluted) | -$0.08 | -$0.68 | -$0.46 | -$0.48 | -$0.70 | — |
| Free cash flow | -$14.9M | -$59.9M | -$94.7M | -$141M | -$173M | -$208M |
| Cash + short-term investments | $14.4M | $228M | $158M | $303M | $384M | — |
| Total debt | — | $0K | $25.8M | $132M | $180M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/B 25.0x · FCF yield -36.35% · Earnings yield -37.41% · Net cash $85.8M · EV $486M

## Analysts
Consensus Buy (mean 2.20 on a 1–5 scale), 10 analysts; mean target USD 6.26 (low 3.05, high 9).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-12 | JP Morgan | Target raised | Overweight | $6 → $6.5 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2022-05-09) |
|---|---|---|
| Total return | -64.0% | -74.2% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -64.2% | -26.1% |
| Volatility (annualized) | 67.0% | 66.9% |
| Max drawdown | -71.6% (Dec 2025→Oct 2026) | -86.3% (Sep 2022→Oct 2026) |

## Peers (Aerospace & Defense)
SARO (StandardAero, Inc.) USD 22.21 -0.94% · KTOS (Kratos Defense & Security Solut) USD 41.17 -0.36% · CAE (CAE Inc) USD 25.76 +0.08% · DRS (Leonardo DRS, Inc.) USD 35.5 -1.36% · HII (Huntington Ingalls Industries, ) USD 279.26 -0.73% · MOG-B (Moog Inc.) USD 350.17 -1.24%

## More
Full page: https://nexqual.com/EVEX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in EVEX's own 10-K filed 2026-03-16 (https://www.sec.gov/Archives/edgar/data/1823652/000155485526000300/evex-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | EMBRAER S.A. (EMBJ) | "We believe we are uniquely positioned to develop, certify and commercialize our UAM solution on a global scale given our aviation heritage, our strategic relationship with Embraer S.A., a Brazilian corporation ("sociedad…" |
| Partner | Private Export Funding | "On December 23, 2025, the Company entered into a loan agreement with Private Export Funding Corporation, ("PEFCO"), and Export-Import Bank of the United States, an agency of the United States of America, ("US EXIM") purs…" |
| Related party | Embraer Aircraft Holding | "The Company also performs an ongoing evaluation of EAH, our counterparty for the related party loan receivable." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.18 | $-0.19 | +$0.01 | $0 | 2 |
| Next quarter (ends 2026-12-31) | $-0.18 | $-0.20 | +$0.02 | $0 | 2 |
| Current fiscal year (ends 2026-12-31) | $-0.68 | $-0.75 | +$0.07 | $0 | 4 |
| Next fiscal year (ends 2027-12-31) | $-0.56 | $-0.65 | +$0.08 | $1.4M | 4 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.10 | −$0.19 | Beat +47.4% | — |
| — | Quarter ended Mar 31, 2026 | −$0.20 | −$0.15 | Miss −33.3% | — |
| — | Quarter ended Dec 31, 2025 | −$0.18 | −$0.18 | In line | — |
| — | Quarter ended Sep 30, 2025 | −$0.16 | −$0.18 | Beat +11.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-26 | 8-K | Delisting notice or listing-rule failure — “On October 21, 2026, the New York Stock Exchange (the "NYSE") notified Eve Holding, Inc. (the "Company"), and, on October 22, 2026, publicly announced, that the NYSE has determined to (a) commence proceedings to delist the Company's public warrants which are traded under the ticker symbol "EVEXW" (the "Warrants"), and (b) immediately suspend trading in the Warrants due to "abnormally low selling price" levels pursuant to Section 802.01D of the NYSE Listed Company Manual. Each Warrant is presently exercisable for…” | https://www.sec.gov/Archives/edgar/data/1823652/000155485526002191/0001554855-26-002191-index.htm |
| 2026-08-04 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1823652/000155485526001687/0001554855-26-001687-index.htm |
| 2026-08-04 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1823652/000155485526001685/0001554855-26-001685-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.