Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Eve Holding, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Research and development
8.36
13.3
51.9
106
130
195
Selling, general and administrative
1.23
4.9
32.9
23.1
26.5
30.7
General and administrative
6.1
Operating expenses
189
131
156
225
Operating income
-9.59
-18.2
-189
-131
-156
-225
Interest expense
0
0
0.25
3.66
10.1
Interest income
0.02
Other non-operating income
-0.08
0.12
-0.95
0.22
-3.99
Pre-tax income
-9.63
-18.3
-173
-126
-138
-223
Income tax
0
0
0.93
1.57
0.51
1.01
Net income
-9.63
-18.3
-174
-128
-138
-224
EBITDA
-9.59
-18.1
-189
-130
-156
-224
EPS, basic
-0.04
-0.08
-0.68
-0.46
-0.48
-0.70
EPS, diluted
-0.04
-0.08
-0.68
-0.46
-0.48
-0.70
Shares, basic (weighted)
220
220
254
276
289
321
Shares, diluted (weighted)
220
220
254
276
289
321
Balance sheet
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1.97
14.4
49.1
46.9
56.4
103
Short-term investments
0
179
111
247
281
Other current assets
0.31
6.27
1.43
0.89
8.96
18.4
Total current assets
2.28
20.9
312
242
313
411
Property, plant and equipment
0
0.45
0.55
0.61
10.6
Lease right-of-use assets
0
0.22
0.51
1.1
0.31
Other non-current assets
0
0.35
1.09
4.43
Total assets
235
21.6
313
245
318
435
Accounts payable
0.35
0.88
2.1
4.57
1.14
3.83
Accrued liabilities
0.35
0
2.49
Short-term debt
0
3.37
Total current liabilities
0.35
10.2
24.9
52
59.3
125
Long-term debt
0
25.8
132
176
Other non-current liabilities
0.7
1.02
Total liabilities
48.5
10.9
26
80.3
194
311
Total debt
0
25.8
132
180
Paid-in capital
0
0
504
509
606
831
Retained earnings
-46.2
-43
-217
-345
-483
-707
Other comprehensive income
-0.03
0
Shareholders' equity
-1.01
10.7
287
165
124
124
Total equity
-1.01
10.7
287
165
124
124
Total liabilities and equity
235
21.6
313
245
318
435
Shares outstanding
220
269
269
298
348
Cash flow statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-9.63
-18.3
-174
-128
-138
-224
Depreciation and amortization
0
0.11
0.03
0.18
0.25
0.93
Stock-based compensation
0
0
3.3
3.29
3.7
4.32
Deferred income tax
-3.14
0
0
-1.71
-0.92
-1.28
Cash from operations
-9.03
-14.9
-59.5
-94.5
-136
-160
Capital expenditures
0
0
-0.48
-0.17
-5.22
-12.6
Purchases of investments
0
0
-177
-153
-269
-329
Sales and maturities of investments
0
0
220
137
297
Cash from investing
0
0
-258
66.8
-56.2
-46.7
Debt issued
0
0
25.5
111
46.3
Stock issued
0
0
0
94.3
226
Cash from financing
9.03
29.3
353
24.9
203
263
Net change in cash
0
14.4
34.8
-2.26
9.48
55.2
Free cash flow
-9.03
-14.9
-59.9
-94.7
-141
-173
Interest paid
0
0
0.08
2.84
9.01
Income taxes paid
0
0
0.97
1.76
3.57
1.27
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.17 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-936.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-46.7%
Net income / average total assets.
Return on invested capital (ROIC)
-62.9%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
-0.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-24.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
36.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
11.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
13.1%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
11.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
8.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
7.9%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.48x
Current assets / current liabilities.
Quick ratio
3.26x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
3.26x
(Cash + short-term investments) / current liabilities.
Debt / equity
13.5x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
67.5%
Total debt / total assets.
Liabilities / assets
95.0%
Total liabilities / total assets.
Net debt
-$85.8M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share
-$0.59
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.55
Cash from operations / diluted weighted shares.
Book value per share
$0.07
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
33.1x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
33.1x
Market cap / tangible book value, when positive.
FCF yield
-27.5%
Free cash flow / market cap.
Earnings yield
-28.3%
Net income / market cap (the inverse of P/E).
Was Eve Holding, Inc. profitable in fiscal 2025?
No. It reported a net loss of $224.3M.
How much free cash flow did Eve Holding, Inc. generate in fiscal 2025?
Cash from operations of $160.4M minus capital expenditures of $12.6M left free cash flow of -$173.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.