Eve says that it’s cash runway extends ‘though 2028’. Image: Eve
Eve Air Mobility has reported a loss of USD34.2 million in the second quarter a significant improvement on the same period of last year when the company amassed a loss of USD64.7m. The announcement comes at a time when the company has increased the pace of development with unmanned flight testing of its Eve 100 prototype earlier this week the programme began advancing toward transition flight with the pusher engine used for the first time, even so the company says much of the improvement in the result comes from a reduction in research & development spending in the period USD28.9m compared with USD45.7m in Q2 of 2025. Eve also attributes additional improvements from “better than expected supplier contract negotiations and programme development updates”.
Overall, cash consumption in the quarter was reported as USD49.4m compared with USD56.7m in Q2 last year and falls in the mid range of the company’s forecasted cash consumption for 2026 of USD250m. At the close of the quarter and first half Eve’s accumulated deficit stood at USD810.1m compared with USD707m at the end of 2025. Set against that, Eve’s SEC 10Q filing shows that it has Cash, Cash Equivalents, and Financial Investments of $403.3 million at the end of 2Q26. While it’s total liquidity, which includes its agreed but undrawn credit lines with Brazil National Development Bank (BNDES) and a grant, takes reserves to USD531.3m. Which it says is enough to fund activities through the end of 2028.
