Eve Holding Q1 Loss Widens to $68.8M as R&D Costs Jump to $59.1M
EMBJ•Eve Holding posted a Q1 2026 net loss of $68.8 million, up from $48.8 million last year, as R&D expenses rose to $59.1 million. It closed the quarter with record cash and investments of $441.1 million and total liquidity of $577.7 million after securing a $150 million loan.
1. Q1 Financial Performance
Eve Holding reported a net loss of $68.8 million in Q1 2026, compared with $48.8 million in Q1 2025, driven by a 32% increase in R&D expenses to $59.1 million. SG&A expenses declined to $7.2 million from $7.9 million as payroll-related RSU costs normalized.
2. Cash Position and New Financing
The company’s cash, cash equivalents and financial investments reached a record $441.1 million at quarter-end, while total liquidity climbed to $577.7 million, underpinned by a new five-year $150 million syndicated loan secured in January 2026.
3. Development Activities and Outlook
Eve remains in a pre-operational phase with no expected material revenue until aircraft development completes. Management believes existing funding and undrawn credit lines will support operations and program investments through 2028.
