Eve Holding reported a net loss of $58.05 million for the three months ended Sep 30, 2026.

Item 1. Financial Statements

EVE HOLDING, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except per share amounts)

(Unaudited)

ASSETS

Current assets

Cash and cash equivalents

$

119,410

$

103,233

Restricted cash

8,207

8,380

Financial investments

228,367

280,845

Related party receivable

6

54

Other current assets

17,755

18,362

Total current assets

373,745

410,874

Non-current assets

Related party receivables

383

19

Property, plant & equipment, net

14,867

10,560

Right-of-use assets, net

215

310

Capitalized software, net

8,976

4,762

Deferred income taxes, net

3,916

3,916

Other non-current assets

7,350

4,434

Total non-current assets

35,707

24,002

Total assets

$

409,452

$

434,875

LIABILITIES AND EQUITY

Current liabilities

Accounts payable

$

4,193

$

3,828

Related party payables

52,883

70,265

Current portion of long-term debt

8,497

3,374

Warrant liability

698

4,588

Other current payables

52,869

42,713

Total current liabilities

119,140

124,769

Non-current liabilities

Long-term debt

313,643

176,412

Other non-current payables

1,858

1,890

Related party payables

9,294

8,046

Total non-current liabilities

324,795

186,348

Total liabilities

443,935

311,117

Commitments and contingencies (Note 15)

Equity

Common stock, $ 0.001 par value

348

348

Additional paid-in capital

833,352

830,500

Accumulated deficit

( 868,184 )

( 707,090 )

Total equity

( 34,483 )

123,758

Total liabilities and equity

$

409,452

$

434,875

The accompanying notes are an integral part of these condensed consolidated financial statements.¹

Amounts may not add due to rounding.

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Table of Contents

EVE HOLDING, INC.

CONDENSED CONSOLIDATED STATE MENTS OF OPERATIONS

(In thousands) (Unaudited)

Three Months Ended

Nine Months Ended

Operating expenses

Research and development expenses

$

48,293

$

44,873

$

136,299

$

135,256

Selling, general and administrative expenses

5,962

7,025

21,510

23,122

Total operating expenses

54,255

51,898

157,809

158,378

Operating loss

( 54,255 )

( 51,898 )

( 157,809 )

( 158,378 )

Gain (Loss) from warrant liability

997

6,441

3,890

285

Financial investment income

4,255

4,144

14,063

11,598

Interest expense

( 5,544 )

( 2,671 )

( 15,392 )

( 7,293 )

Other loss, net

( 523 )

( 1,657 )

( 5,639 )

( 5,446 )

Loss before income taxes

( 55,071 )

( 45,641 )

( 160,888 )

( 159,234 )

Income tax expense (benefit)

2,982

1,225

206

1,102

Net loss²

$²

( 58,052² )

$

( 46,866 )

$

( 161,094 )

$

( 160,336 )

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(In thousands) (Unaudited)

Three Months Ended

Nine Months Ended

Net loss

$

( 58,052 )

$

( 46,866 )

$

( 161,094 )

$

( 160,336 )

Total comprehensive loss

$

( 58,052 )

$

( 46,866 )

$

( 161,094 )

$

( 160,336 )

The accompanying notes are an integral part of these condensed consolidated financial statements.

Amounts may not add due to rounding.

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Table of Contents

EVE HOLDING, INC.

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

(In thousands, except per share amounts) (Unaudited)

Common Stock

Shares

Amount

Additional Paid-In Capital

Accumulated Deficit

Total

Equity

Balance at December 31, 2024

297,644

$

298

$

606,460

$

( 482,835 )

$

123,922

Net loss

-

-

-

( 48,784 )

( 48,784 )

Share-based compensation

-

-

1,002

-

1,002

Balance as of March 31, 2025

297,644

298

607,462

( 531,619 )

76,141

Net loss

-

-

-

( 64,685 )

( 64,685 )

Share-based compensation and issuance for vested awards

242

0

1,980

-

1,980

Balance as of June 30, 2025

297,887

298

609,442

( 596,304 )

13,435

Net loss

-

-

-

( 46,866 )

( 46,866 )

Issuance of common stock, net

47,423

47

217,353

-

217,401

Warrants exercised for common stock

2,995

3

-

-

3

Share-based compensation

-

-

86

-

86

Balance as of September 30, 2025

348,305

$

348

$

826,881

$

( 643,171 )

$

184,059

Balance as of December 31, 2025

348,305

$

348

$

830,500

$

( 707,090 )

$

123,758

Net loss

-

-

-

( 68,813 )

( 68,813 )

Share-based compensation

-

-

1,108

-

1,108

Balance as of March 31, 2026

348,305

348

831,608

( 775,903 )

56,054

Net loss

-

-

-

( 34,229 )

( 34,229 )

Share-based compensation and issuance of stock

182

0

1,006

-

1,006

Balance as of June 30, 2026

348,486

348

832,614

( 810,131 )

22,831

Net loss

-

-

-

( 58,052 )

( 58,052 )

Share-based compensation and issuance of stock

12

0

738

-

738

Balance as of September 30, 2026

348,499

$

348

$

833,352

$

( 868,184 )

$

( 34,483 )

The accompanying notes are an integral part of these condensed consolidated financial statements.

Amounts may not add due to rounding.

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Table of Contents

EVE HOLDING, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands ) (Unaudited)

Nine Months Ended

Cash flows from operating activities

Net loss

$

( 161,094 )

$

( 160,336 )

Adjustments to reconcile net loss to net cash used by operating activities

Depreciation and amortization

1,408

542

Non-cash lease expenses

132

469

Unrealized (gain)/loss on exchange rate translation

3,231

3,279

Share-based compensation

3,001

3,225

(Gain) Loss from warrant liability

( 3,890 )

( 285 )

Changes in operating assets and liabilities

Accrued interest on financial investments, net

2,477

( 1,216 )

Other assets

( 3,854 )

( 2,997 )

Related party receivables

( 316 )

409

Accounts payable

( 1,089 )

( 1,421 )

Related party payables

( 16,155 )

10,138

Other payables

9,211

13,696

Net cash used by operating activities

( 166,936 )

( 134,498 )

Cash flows from investing activities

Redemptions of financial investments

284,000

221,000

Purchases of financial investments

( 234,000 )

( 317,000 )

Expenditures for capitalized software

( 3,101 )

-

Expenditures for property, plant and equipment

( 3,022 )

( 8,454 )

Net cash provided (used) by investing activities

43,878

( 104,454 )

Cash flows from financing activities

Repayment of long-term debt principal

( 52,814 )

-

Proceeds from issuance of common stock

-

226,336

Non-investor equity issuance costs

-

( 8,932 )

Procee