In its first quarter SEC results filing Eve Air Mobility has posted a loss of USD68.81 million dollars this compares with USD48.78m in the same period last year. The majority of the increase in spending comes from the company’s R&D budget which accounts for USD48.45m of the company’s spending, USD11.72m more than in Q1 of 2025 unsurprising since the company has begun full scale uncrewed prototype testing in the quarter.
Eve is expecting revenue from sales to begin in 2027 (it says it has orders for more than 2,000 aircraft valued at USD8 billion but this far only around 50 of the orders can be regarded as firm in the traditional sense) when it expects to secure certification and service entry but a more prudent guess might be in 2030-31 timeframe. Given that more than half of the company’s long term debt is expected to mature by the 2030 and with the remainder of the current USD303.56m in long term loans maturing the following year. A debit restructure is likely to be on the company’s horizon in the coming year.
Overall ,the company’s accrued losses have reached USD775.90m and currently has USD129.45m on hand in cash and cash equivalents on hand, not enough for two quarters trading at present rates of expenditure another visit to markets and/or finance houses for further funds is a likely short term prospect. It appears that is the market’s expectation too with a sharp fall in early trading this morning.
Image: Eve
