Q3 2025 Eve Holding Inc Earnings Call Transcript
Key Points
- Eve Holding Inc (EVEX) is in the final stages of testing its engineering prototype, with plans to start its flight campaign by the end of the year or early next year.
- The company has secured a new supplier, Embry Air, for the landing gear of its E-100 commercial aircraft, enhancing energy efficiency and operational capabilities.
- Eve Holding Inc (EVEX) has a strong pre-order backlog of approximately 2,800 aircraft, valued at around $14 billion, indicating robust market interest.
- The company successfully raised $230 million through a registered direct offering, improving its cash position and extending its cash runway to about 2.5 years.
- Eve Holding Inc (EVEX) is developing a strong network of partners in infrastructure and energy to support the urban air mobility ecosystem, including an agreement with the Kingdom of Bahrain to support EV toll adoption in the Middle East.
- Eve Holding Inc (EVEX) reported a net loss of $47 million in the third quarter of 2025, reflecting the costs associated with program development.
- The company consumed around $60 million in cash during the third quarter, with total cash consumption expected to reach the low end of $200 to $250 million for the full year.
- There is uncertainty regarding the exact timing and scope of test flights in Bahrain, with potential revenue streams not yet clearly defined.
- Eve Holding Inc (EVEX) is still in the process of defining and manufacturing parts for its conforming prototypes, with assembly expected to start next year.
- The company faces challenges in aligning certification processes across different international authorities, which could impact the timeline for commercial operations.
Good day, and welcome to the Eve Holding Inc., third-quarter 2025 earnings conference call. (Operator Instructions) Please note this event is being recorded.
I will now turn the conference over to Lucio Aldworth, Director of Investor Relations at Eve. Please go ahead.
Thank you, operator. Good morning, everyone. This is Lucio Waldworth, the director of investor relations at Eve, and I wanted to welcome everyone to our third quarter of 2025 earnings conference call. Our CEO Johan Boorda and CFO Eduardo Coto are joining me on the call today, and after their prepared remarks, we will open the call for questions, at which point Luis Valentini, our Chief Technology Officer, will also join us for more technical questions.
We have a deck with a few slides and additional pictures.
That show our achievements in the quarter as well as the testing phase of our full scale prototype. The deck is on our site at IR.
Air mobility.com. So please feel free to download it and
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