Eve Holding Inc

Eve Holding ended its second quarter of 2026 with $403 million in cash and total liquidity of $531 million, which management says is sufficient to fund operations through the anticipated 2028 certification without new funding. The company reported a net loss of $34 million for the quarter, with research and development expenses declining to $29 million from around $55 million in prior quarters due to favorable supplier agreements. Cash consumption was $49 million in the second quarter and $118 million for the first half of the year, keeping the company near the midpoint of its full-year guidance of $225 million to $275 million. Eve also advanced its flight campaign, completing 66 flights and beginning partial transition flights toward a full transition by year-end, while its pre-order backlog stands at approximately 2,700 aircraft valued at about $13.5 billion at list prices.

Eve Holding has resumed flight testing of its electric vertical takeoff and landing prototype and begun partial transition flights reaching 30 knots, with full transition targeted by the end of 2026. The company ended the second quarter with $403 million in cash and $531 million in total liquidity, which management believes can fund operations through 2028, while second-quarter cash burn was $49 million and full-year cash consumption is expected at $225 million to $275 million. New letters of intent for 46 aircraft increased Eve's stated preorder backlog to roughly 2,700 aircraft worth $13.5 billion at list prices, though only about 100 orders are currently firm. Eve also expects $100 million to $150 million in cost synergies and avoidance through its relationship with Embraer over the next three years, and plans crewed conforming-prototype flights in late 2027 with certification and entry into service in 2028.