EVEX Eve Holding, Inc. Common Stock
$2.65
Price · Aug 19, 2026
Fundamentals as of Aug 4, 2026
52W Range
$2–$5
18% of range
Analyst Rating
BUY
15 analysts
Price Target
$6
+133% upside
P/E (TTM)
-3.8
ROE
-326.9%
Net Profit Margin
—
EVEX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.65
Market Cap
$923M
P/E (TTM)
-3.8
EPS (TTM)
$-0.70
Revenue (TTM)
—
Div Yield
—
ROE
-326.9%
Debt/Equity
1.5
52W Range
$2 – $5
EVEX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$-0.70
2020-12-31
→
2025-12-31
Free Cash Flow
$-173M
2022-12-31
→
2025-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
EVEX
Peer Median
P/E (TTM)
-3.8
38.9
P/B
7.5
4.1
EV / EBITDA
-3.2
—
Price / FCF
-5.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
EVEX
Peer Median
ROA
-59.6%
2.9%
ROE
-326.9%
8.3%
ROIC
-74.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
EVEX
Peer Median
Debt / Equity
1.5
—
Current Ratio
3.3
3.6
Quick Ratio
3.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
EVEX
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
EVEX
Peer Median
EVEX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 3 20.0%
- Buy 8 53.3%
- Hold 4 26.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-19
Median
$6.50
← Below all targets
$2.65
Low
$3.30
High
$8.00
Median target
$6.50
+145.3%
Mean target
$6.19
+133.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.00%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.10 | $-0.19 | 0.09% |
| March 31, 2026 | $-0.20 | $-0.17 | -0.03% |
| Dec. 31, 2025 | $-0.18 | $-0.16 | -0.02% |
| Sept. 30, 2025 | $-0.14 | $-0.17 | 0.03% |
| June 30, 2025 | $-0.21 | $-0.17 | -0.05% |
| March 31, 2025 | $-0.16 | $-0.14 | -0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| EVEX | $1.39B | -5.7 | — | — | -326.9% | — |
| YSS | — | — | — | — | — | — |
| VOYG | $0 | -9.0 | 15.4% | -63.0% | -66.8% | — |
| CDRE | $1.72B | 40.0 | 7.5% | 7.2% | 13.6% | 42.5% |
| NPK | $760M | 20.3 | 29.7% | 6.6% | 8.6% | 16.0% |
| SATL | — | — | — | — | — | — |
| PKE | — | 47.2 | 18.2% | 15.4% | 9.5% | 30.9% |
| SWMR | — | — | — | — | — | — |
| SPCE | $235M | -0.6 | -78.1% | -18063.9% | -103.8% | — |
| SATL | — | — | — | — | — | — |
| GE | $323.05B | 37.8 | 18.5% | 19.0% | 45.8% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| R&D Expense | $195M | $130M | $106M | $52M | $13M | $8M | |
| SG&A Expense | $31M | $27M | $23M | $33M | $5M | $1M | |
| Operating Expenses | $225M | $156M | $131M | $189M | · | · | |
| Operating Income | $-225M | $-156M | $-131M | $-189M | $-18M | $-10M | |
| Interest Expense | $10M | $4M | $252.0K | $0 | $0 | · | |
| Interest Income | · | · | · | · | $23.4K | · | |
| Other Non-op | $-4M | $218.0K | $-945.0K | $122.0K | $-77.0K | · | |
| Pretax Income | $-223M | $-138M | $-126M | $-173M | $-18M | $-10M | |
| Income Tax | $1M | $507.0K | $2M | $933.0K | $0 | $0 | |
| Net Income | $-224M | $-138M | $-128M | $-174M | $-18M | $-10M | |
| EPS (Basic) | $-0.70 | $-0.48 | $-0.46 | $-0.68 | $-0.08 | $-0.04 | |
| EPS (Diluted) | $-0.70 | $-0.48 | $-0.46 | $-0.68 | $-0.08 | $-0.04 | |
| Shares (Basic) | 321,348,000 | 288,524,000 | 275,763,000 | 254,131,000 | 220,000,000 | 220,000,000 | |
| Shares (Diluted) | 321,348,000 | 288,524,000 | 275,763,000 | 254,131,000 | 220,000,000 | 220,000,000 | |
| EBITDA | $-224M | $-156M | $-130M | $-189M | $-6M | · |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $103M | $56M | $47M | $49M | $14M | $2M | |
| Short-term Investments | $281M | $247M | $111M | $179M | $0 | · | |
| Prepaid Expense | · | · | · | · | $93.2K | $308.6K | |
| Other Current Assets | $18M | $9M | $889.0K | $1M | $6M | · | |
| Current Assets | $411M | $313M | $242M | $312M | $21M | $2M | |
| PP&E (Net) | $11M | $611.0K | $547.0K | $452.0K | $0 | · | |
| PP&E (Gross) | $11M | $939.0K | $707.0K | $476.0K | · | · | |
| Accum. Depreciation | $688.0K | $328.0K | $160.0K | $25.0K | · | · | |
| Other Non-current Assets | $4M | $1M | $348.0K | $0 | · | · | |
| Total Assets | $435M | $318M | $245M | $313M | $22M | $235M | |
| Accounts Payable | $4M | $1M | $5M | $2M | $878.0K | $352.1K | |
| Accrued Liabilities | · | · | · | $2M | $0 | $352.1K | |
| Current Liabilities | $125M | $59M | $52M | $25M | $10M | $352.1K | |
| Other Non-current Liabilities | · | · | · | $1M | $703.0K | · | |
| Total Liabilities | $311M | $194M | $80M | $26M | $11M | $48M | |
| Long-term Debt | $180M | $132M | $26M | · | · | · | |
| Total Debt | $180M | $132M | $26M | · | · | · | |
| Common Stock | $348.0K | $298.0K | $269.0K | $269.0K | $220.0K | · | |
| Paid-in Capital | · | · | · | · | $0 | $0 | |
| Retained Earnings | $-707M | $-483M | $-345M | $-217M | $-43M | $-46M | |
| AOCI | · | · | · | $0 | $-32.0K | · | |
| Stockholders' Equity | $124M | $124M | $165M | $287M | $11M | $-1M | |
| Liabilities + Equity | $435M | $318M | $245M | $313M | $22M | $235M | |
| Shares Outstanding | 348,304,584 | 297,644,298 | 269,359,021 | 269,094,021 | 220,000,000 | · |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $930.0K | $252.0K | $184.0K | $25.0K | $108.0K | · | |
| Stock-based Comp | $4M | $4M | $3M | $3M | $0 | $0 | |
| Deferred Tax | $-1M | $-923.0K | $-2M | $0 | $0 | $-3M | |
| Other Non-cash | $60M | $-826.0K | $31M | · | · | · | |
| Operating Cash Flow | $-160M | $-136M | $-95M | $-59M | $-15M | $-9M | |
| CapEx | $13M | $5M | $168.0K | $476.0K | $0 | $0 | |
| Investing Cash Flow | $-47M | $-56M | $67M | $-258M | $0 | $0 | |
| Stock Issued | $226M | $94M | $0 | $0 | $0 | · | |
| Net Stock Activity | $226M | $94M | · | · | $0 | · | |
| Financing Cash Flow | $263M | $203M | $25M | $353M | $29M | $9M | |
| Net Change in Cash | $55M | $9M | $-2M | $35M | $14M | $0 | |
| Taxes Paid | $1M | $4M | $2M | $970.0K | $0 | · | |
| Free Cash Flow | $-173M | $-141M | $-95M | $-60M | · | · | |
| Levered FCF | $-183M | $-145M | $-95M | · | · | · |
Profitability 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| ROA | -59.6% | -49.0% | -45.7% | -104.1% | 6.2% | · | |
| ROE | -326.9% | -96.1% | -69.5% | -58.8% | -132.7% | · | |
| ROIC | -74.6% | -61.3% | -69.3% | -66.4% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 3.3 | 5.3 | 4.7 | 12.5 | 0.1 | 6.5 | |
| Quick Ratio | 3.1 | 5.1 | 3.0 | 9.1 | 0.1 | 5.6 | |
| Debt / Equity | 1.5 | 1.1 | 0.2 | · | · | · | |
| LT Debt / Equity | 1.4 | 1.1 | 0.2 | · | · | · | |
| Interest Coverage | -22.2 | -42.7 | -518.1 | · | · | · |
Valuation (TTM) 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Net Income TTM | $-224M | $-138M | $-128M | $-174M | $-18M | $-10M | |
| Market Cap | $1.39B | $1.62B | $1.97B | $1.94B | · | · | |
| Enterprise Value | $1.19B | $1.45B | $1.84B | · | · | · | |
| P/E | -5.7 | -11.3 | -15.9 | -10.6 | · | · | |
| P/B | 11.2 | 13.1 | 11.9 | 6.8 | · | · | |
| P / Tangible Book | 11.2 | 13.1 | 11.9 | 6.8 | · | · | |
| P / Cash Flow | -8.7 | -11.9 | -20.9 | -32.6 | · | · | |
| P / FCF | -8.0 | -11.5 | -20.8 | -32.3 | · | · | |
| EV / EBITDA | -5.3 | -9.3 | -14.1 | · | · | · | |
| EV / FCF | -6.9 | -10.3 | -19.4 | · | · | · | |
| Earnings Yield | -17.5% | -8.8% | -6.3% | -9.4% | · | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Expense | $29M | $59M | $59M | $45M | $46M | $45M | $34M | $32M | $36M | $27M | $34M | $29M | $22M | $22M | $14M | $10M | |
| SG&A Expense | $8M | $7M | $8M | $7M | $8M | $8M | $6M | $8M | $5M | $6M | $5M | $5M | $7M | $6M | $7M | $16M | |
| Operating Expenses | $37M | $66M | $67M | $52M | $54M | $53M | $40M | $41M | $42M | $34M | $41M | $34M | · | · | · | · | |
| Operating Income | $-37M | $-66M | $-67M | $-52M | $-54M | $-53M | $-40M | $-41M | $-42M | $-34M | $-41M | $-34M | $-28M | $-28M | $-39M | $-113M | |
| Interest Expense | $5M | $5M | $3M | $3M | $2M | $2M | $2M | $835.0K | $613.0K | $412.0K | $221.0K | $31.0K | $0 | $0 | · | · | |
| Other Non-op | $-2M | $-3M | $1M | $-2M | $-2M | $-2M | $1M | $-2M | $1M | $-229.0K | $-2M | $489.0K | $148.0K | $34.0K | $536.6K | · | |
| Pretax Income | $-37M | $-69M | $-64M | $-46M | $-64M | $-49M | $-42M | $-35M | $-36M | $-25M | $-39M | $-30M | $-31M | $-26M | $-36M | $-107M | |
| Income Tax | $-3M | $95.0K | $-95.0K | $1M | $435.0K | $-558.0K | $-938.0K | $427.0K | $395.0K | $623.0K | $-7.0K | $1M | $303.0K | $174.0K | $490.4K | $129.7K | |
| Net Income | $-34M | $-69M | $-64M | $-47M | $-65M | $-49M | $-41M | $-36M | $-36M | $-25M | $-39M | $-31M | $-31M | $-26M | $-37M | $-107M | |
| EPS (Basic) | $-0.10 | $-0.20 | $-0.19 | $-0.14 | $-0.21 | $-0.16 | $-0.14 | $-0.12 | $-0.13 | $-0.09 | $-0.15 | $-0.11 | $-0.11 | $-0.09 | $-0.14 | $-0.43 | |
| EPS (Diluted) | $-0.10 | $-0.20 | $-0.19 | $-0.14 | $-0.21 | $-0.16 | $-0.14 | $-0.12 | $-0.13 | $-0.09 | $-0.15 | $-0.11 | $-0.11 | $-0.09 | $-0.14 | $-0.43 | |
| Shares (Basic) | 351,863,000 | 351,805,000 | -612,238,000 | 326,215,000 | 303,727,000 | 303,644,000 | -561,927,000 | 297,833,000 | 276,355,000 | 276,263,000 | -551,250,000 | 275,887,000 | 275,632,000 | 275,494,000 | 272,040,343 | 248,989,790 | |
| Shares (Diluted) | 351,863,000 | 351,805,000 | -612,238,000 | 326,215,000 | 303,727,000 | 303,644,000 | -561,927,000 | 297,833,000 | 276,355,000 | 276,263,000 | -551,250,000 | 275,887,000 | 275,632,000 | 275,494,000 | 272,040,343 | 248,989,790 | |
| EBITDA | $-37M | $-66M | · | $-52M | $-54M | $-53M | · | $-41M | $-42M | $-34M | · | $-34M | $-28M | $-28M | $-39M | $-113M |
Balance Sheet 23
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $52M | $121M | $103M | $66M | $42M | $60M | $56M | $25M | $28M | $24M | · | $10M | $34M | $12M | $78M | $176M | |
| Short-term Investments | $342M | $312M | $281M | $344M | $201M | $228M | $247M | $255M | $93M | $115M | · | $164M | $151M | $199M | $170M | $154M | |
| Other Current Assets | $18M | $16M | $18M | $13M | $7M | $10M | $9M | $6M | $4M | $2M | · | $2M | $1M | $740.7K | $3M | $166.1K | |
| Current Assets | $421M | $457M | $411M | $425M | $250M | $298M | $313M | $286M | $210M | $224M | · | $260M | $271M | $296M | $333M | $331M | |
| PP&E (Net) | $14M | $12M | $15M | $9M | $5M | $956.0K | $611.0K | $510.0K | $1M | $514.0K | · | $477.9K | $513.8K | $594.3K | $418.7K | · | |
| PP&E (Gross) | $15M | $13M | $16M | $9M | $5M | · | $939.0K | $796.0K | $1M | $715.0K | · | $600.1K | $597.5K | · | · | · | |
| Accum. Depreciation | $1M | $940.0K | $688.0K | $568.0K | $432.0K | · | $328.0K | $286.0K | $244.0K | $202.0K | · | $122.2K | $83.6K | · | · | · | |
| Other Non-current Assets | $8M | $6M | $4M | $3M | $3M | $2M | $1M | $504.0K | $212.0K | $811.0K | · | $976.5K | · | · | · | · | |
| Total Assets | $458M | $484M | $435M | $440M | $261M | $304M | $318M | $290M | $215M | $228M | · | $262M | $272M | $296M | $334M | $331M | |
| Accounts Payable | $2M | $5M | $4M | $2M | $2M | $663.0K | $1M | $4M | $3M | $2M | · | $2M | $2M | $490.1K | $3M | $3M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | $2M | $5M | · | · | |
| Current Liabilities | $121M | $120M | $125M | $81M | $90M | $83M | $59M | $55M | $54M | $45M | · | $46M | $39M | $33M | $28M | $23M | |
| Capital Leases | · | · | · | · | · | · | · | · | · | · | · | · | $260.5K | · | · | · | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | $2M | $976.3K | $838.8K | $542.8K | |
| Total Liabilities | $435M | $428M | $311M | $256M | $248M | $228M | $194M | $126M | $109M | $87M | · | $60M | $40M | $34M | $29M | $24M | |
| Long-term Debt | $309M | $299M | $180M | $168M | $155M | $142M | $132M | $68M | $53M | $40M | · | $11M | · | · | · | · | |
| Total Debt | $309M | $299M | · | $168M | $155M | $142M | · | $68M | $53M | $40M | · | $11M | · | · | · | · | |
| Common Stock | $348.0K | $348.0K | $348.0K | $348.0K | $298.0K | $298.0K | $298.0K | $298.0K | $270.0K | $269.0K | · | $269.2K | $269.2K | $269.1K | $266.4K | $264.3K | |
| Retained Earnings | $-810M | $-776M | $-707M | $-643M | $-596M | $-532M | $-483M | $-442M | $-406M | $-370M | · | $-305M | $-274M | $-243M | $-197M | $-160M | |
| AOCI | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | |
| Stockholders' Equity | $23M | $56M | $124M | $184M | $13M | $76M | $124M | $164M | $105M | $141M | $165M | $202M | $232M | $262M | $305M | $308M | |
| Liabilities + Equity | $458M | $484M | $435M | $440M | $261M | $304M | $318M | $290M | $215M | $228M | · | $262M | $272M | $296M | $334M | $331M | |
| Shares Outstanding | 348,486,333 | · | 348,304,584 | · | 297,886,723 | 297,644,298 | 297,644,298 | 297,644,298 | 269,525,708 | 269,365,708 | · | 269,209,021 | 269,163,921 | 269,094,021 | 266,371,485 | 264,332,132 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $517.0K | $394.0K | $388.0K | $353.0K | $107.0K | $82.0K | $76.0K | $67.0K | $58.0K | $51.0K | $41.0K | $40.0K | $81.0K | $22.0K | $0 | $0 | |
| Stock-based Comp | $1M | $1M | $1M | $86.0K | $2M | $1M | $929.0K | $1M | $600.0K | $1M | $-28.0K | $2M | $937.1K | $868.0K | $2M | $2M | |
| Other Non-cash | · | $-802.0K | · | · | · | $23M | · | · | · | $-12M | · | · | · | · | · | · | |
| Operating Cash Flow | $-47M | $-68M | $-26M | $-54M | $-56M | $-25M | $-39M | $-31M | $-31M | $-36M | $-25M | $-22M | $-28M | $-20M | $-26M | $-21M | |
| CapEx | $1M | $526.0K | $4M | $7M | $1M | $464.0K | $1M | $3M | $659.0K | $106.0K | $0 | $2.6K | $121.3K | $44.0K | $418.7K | $0 | |
| Investing Cash Flow | $-30M | $-32M | $58M | $-150M | $27M | $19M | $6M | $-81M | $21M | $-2M | $47M | $-12M | $49M | $-18M | $-96M | $-154M | |
| Net Debt Issued | · | $-51M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stock Issued | · | · | $0 | · | · | · | $0 | · | · | · | $0 | · | · | · | · | · | |
| Financing Cash Flow | $9M | $117M | $13M | $230M | $11M | $9M | $65M | $109M | $14M | $15M | $14M | $11M | $-287.0K | $0 | $24M | $338M | |
| Net Change in Cash | $-69M | $18M | $44M | $26M | $-18M | $3M | $32M | $-3M | $4M | $-23M | $37M | $-23M | $22M | $-37M | $-98M | $164M | |
| Taxes Paid | $0 | $0 | $250.0K | $0 | $643.0K | $372.0K | $807.0K | $1M | $804.0K | $949.0K | $887.0K | $487.1K | $240.3K | $148.0K | $489.6K | $0 | |
| Free Cash Flow | · | $-69M | · | · | · | $-25M | · | · | · | $-36M | · | · | · | $-20M | · | · | |
| Levered FCF | · | $-73M | · | · | · | $-28M | · | · | · | $-36M | · | · | · | · | · | · |
Profitability 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -9.5% | -17.5% | · | -12.8% | -27.2% | -18.3% | · | -13.0% | -15.0% | -9.6% | · | -10.5% | -10.4% | -9.7% | -12.9% | -37.8% | |
| ROE | -188.8% | -104.1% | · | -27.0% | -109.1% | -45.0% | · | -19.6% | -21.6% | -12.5% | · | -12.3% | -11.7% | -22.2% | -26.8% | -79.0% | |
| ROIC | -10.4% | -18.7% | · | -15.1% | -32.3% | -23.8% | · | -17.8% | -26.7% | -19.2% | · | -16.4% | -12.4% | -10.6% | -12.8% | -36.9% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.5 | 3.8 | · | 5.2 | 2.8 | 3.6 | · | 5.2 | 3.9 | 5.0 | · | 5.6 | 7.0 | 9.0 | 11.9 | 14.4 | |
| Quick Ratio | 3.3 | 3.6 | · | 5.0 | 2.7 | 3.5 | · | 5.1 | 2.2 | 3.1 | · | 3.8 | 4.8 | 6.4 | 8.9 | 14.4 | |
| Debt / Equity | 13.5 | 5.3 | · | 0.9 | 11.5 | 1.9 | · | 0.4 | 0.5 | 0.3 | · | 0.1 | · | · | · | · | |
| LT Debt / Equity | 13.3 | 5.3 | · | 0.9 | 11.5 | 1.9 | · | 0.4 | 0.5 | 0.3 | · | 0.1 | · | · | · | · | |
| Interest Coverage | -7.1 | -14.4 | · | -19.4 | -22.6 | -23.5 | · | -48.9 | -68.1 | -82.4 | · | · | · | · | · | · |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $-215M | $-229M | · | $-196M | $-186M | $-146M | · | $-129M | $-124M | $-114M | · | $-125M | $-201M | $-180M | $-158M | $-125M | |
| Market Cap | $875M | · | · | · | $2.04B | $988M | · | $964M | $1.09B | $1.45B | · | $2.23B | $2.82B | $1.95B | $2.46B | $1.64B | |
| Enterprise Value | $789M | · | · | · | $1.96B | $843M | · | $753M | $1.02B | $1.36B | · | $2.07B | · | · | · | · | |
| P/E | -3.9 | -3.5 | · | -6.0 | -11.1 | -6.6 | · | -7.2 | -9.2 | -13.5 | · | -18.4 | -13.6 | -10.2 | -14.4 | -11.9 | |
| P/B | 38.3 | · | · | · | 152.1 | 13.0 | · | 5.9 | 10.4 | 10.3 | · | 11.0 | 12.2 | 7.4 | 8.1 | 5.3 | |
| P / Tangible Book | 38.3 | · | · | · | 152.1 | 13.0 | · | 5.9 | 10.4 | 10.3 | · | 11.0 | 12.2 | 7.4 | 8.1 | 5.3 | |
| P / Cash Flow | · | · | · | · | · | -39.7 | · | · | · | -40.6 | · | · | · | -97.9 | · | · | |
| P / FCF | · | · | · | · | · | -39.0 | · | · | · | -40.5 | · | · | · | -97.7 | · | · | |
| EV / EBITDA | -21.2 | · | · | · | -36.3 | -16.0 | · | -18.4 | -24.5 | -40.0 | · | -61.4 | · | · | · | · | |
| EV / FCF | · | · | · | · | · | -33.3 | · | · | · | -37.8 | · | · | · | · | · | · | |
| Earnings Yield | -25.9% | -28.6% | · | -16.5% | -9.0% | -15.1% | · | -13.9% | -10.9% | -7.4% | · | -5.4% | -7.3% | -9.8% | -6.9% | -8.4% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Net Income | $-224M | $-138M | $-128M | $-174M | $-18M |
| Diluted EPS | $-0.70 | $-0.48 | $-0.46 | $-0.68 | $-0.08 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.5 | 1.1 | 0.2 | — | — |
| Current Ratio | 3.3 | 5.3 | 4.7 | 12.5 | 0.1 |
| Quick Ratio | 3.1 | 5.1 | 3.0 | 9.1 | 0.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-173M | $-141M | $-95M | $-60M | — |
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Institutional owners (13F) 157 filers · $112.8M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 30 (-2 vs prior Q) | 16 (-3 vs prior Q) | 58 (+8 vs prior Q) | 34 (-3 vs prior Q) | +4.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $19,081,373 | 4,782,299 | 16.92% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $11,319,362 | 4,509,706 | 10.04% | Shares |
| BW Gestao de Investimentos Ltda. | $9,252,211 | 3,686,140 | 8.20% | Shares |
| Fourth Sail Capital LP | $8,224,449 | 3,276,673 | 7.29% | Shares |
| United Airlines Holdings, Inc. | $6,661,191 | 2,653,861 | 5.91% | Shares |
| UBS Group AG | $5,807,889 | 2,313,900 | 5.15% | Shares |
| STATE STREET CORP | $5,657,683 | 2,254,057 | 5.02% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $5,422,771 | 2,159,914 | 4.81% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $5,196,757 | 2,070,421 | 4.61% | Shares |
| MASTERS CAPITAL MANAGEMENT LLC | $5,020,000 | 2,000,000 | 4.45% | Shares |
| GOLDMAN SACHS GROUP INC | $3,082,739 | 1,228,183 | 2.73% | Shares |
| Kapitalo Investimentos Ltda | $2,761,000 | 1,100,000 | 2.45% | Shares |
| MILLENNIUM MANAGEMENT LLC | $2,205,188 | 878,561 | 1.96% | Shares |
| Point72 Asset Management, L.P. | $2,041,024 | 813,157 | 1.81% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,009,820 | 800,725 | 1.78% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,961,944 | 781,651 | 1.74% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,801,711 | 717,813 | 1.60% | Shares |
| SPX Gestao de Recursos Ltda | $1,040,726 | 414,632 | 0.92% | Shares |
| Itau Unibanco Holding S.A. | $751,710 | 299,486 | 0.67% | Shares |
| IEQ CAPITAL, LLC | $685,135 | 272,962 | 0.61% | Shares |
| PINNACLE ASSOCIATES LTD | $656,972 | 261,742 | 0.58% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $582,887 | 232,226 | 0.52% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $535,383 | 213,300 | 0.47% | Call option |
| Swiss National Bank | $482,422 | 192,200 | 0.43% | Shares |
| MORGAN STANLEY | $436,441 | 173,881 | 0.39% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $360,701 | 145,444 | 0.32% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $355,918 | 141,800 | 0.32% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $353,672 | 140,905 | 0.31% | Shares |
| CITADEL ADVISORS LLC | $349,141 | 139,100 | 0.31% | Call option |
| J. Derek Lewis & Associates Inc. | $306,220 | 122,000 | 0.27% | Shares |
| BlackRock, Inc. | $304,036 | 121,130 | 0.27% | Shares |
| Mariner, LLC | $303,699 | 121,016 | 0.27% | Shares |
| Optimize Financial Inc | $298,342 | 120,299 | 0.26% | Shares |
| Schonfeld Strategic Advisors LLC | $267,203 | 106,456 | 0.24% | Shares |
| ALLIANCEBERNSTEIN L.P. | $242,569 | 97,810 | 0.22% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $240,418 | 95,784 | 0.21% | Shares |
| WELLS FARGO & COMPANY/MN | $227,727 | 90,728 | 0.20% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $211,904 | 55,618 | 0.19% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $187,889 | 74,856 | 0.17% | Shares |
| Aureus Asset Management, LLC | $185,612 | 73,949 | 0.16% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $184,472 | 73,495 | 0.16% | Shares |
| Quantbot Technologies LP | $177,058 | 70,541 | 0.16% | Shares |
| BANK OF AMERICA CORP /DE/ | $167,181 | 66,606 | 0.15% | Shares |
| Numerai GP LLC | $167,071 | 66,562 | 0.15% | Shares |
| RHUMBLINE ADVISERS | $164,150 | 65,402 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $163,573 | 65,957 | 0.15% | Shares |
| Creative Planning | $157,415 | 62,715 | 0.14% | Shares |
| MetLife Investment Management, LLC | $155,309 | 61,876 | 0.14% | Shares |
| ALLSTATE CORP | $152,435 | 60,731 | 0.14% | Shares |
| MARSHALL WACE, LLP | $147,852 | 58,905 | 0.13% | Shares |
| JANUS HENDERSON GROUP PLC | $147,751 | 59,457 | 0.13% | Shares |
| PIER 88 INVESTMENT PARTNERS LLC | $141,564 | 56,400 | 0.13% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $139,901 | 68,773 | 0.12% | Shares |
| XTX Topco Ltd | $130,661 | 52,056 | 0.12% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $130,026 | 51,803 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $127,413 | 50,762 | 0.11% | Shares |
| Bank of New York Mellon Corp | $125,472 | 49,989 | 0.11% | Shares |
| CWM, LLC | $125,461 | 50,589 | 0.11% | Shares |
| BLAIR WILLIAM & CO/IL | $120,324 | 47,938 | 0.11% | Shares |
| State of Wyoming | $117,877 | 46,963 | 0.10% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $114,966 | 45,803 | 0.10% | Shares |
| Cerity Partners LLC | $114,523 | 45,627 | 0.10% | Shares |
| CITIGROUP INC | $111,424 | 44,392 | 0.10% | Shares |
| Nuveen Asset Management, LLC | $107,804 | 19,817 | 0.10% | Shares |
| JPMORGAN CHASE & CO | $100,609 | 41,233 | 0.09% | Shares |
| Shay Capital LLC | $100,400 | 40,000 | 0.09% | Shares |
| Vanguard Global Advisers, LLC | $100,285 | 39,954 | 0.09% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $99,115 | 39,488 | 0.09% | Shares |
| Invesco Ltd. | $97,147 | 38,704 | 0.09% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $92,416 | 36,819 | 0.08% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $72,916 | 29,050 | 0.06% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $66,339 | 26,430 | 0.06% | Shares |
| Russell Investments Group, Ltd. | $64,559 | 25,721 | 0.06% | Shares |
| SummitTX Capital, L.P. | $63,362 | 25,244 | 0.06% | Shares |
| BRIGHTON JONES LLC | $62,991 | 25,096 | 0.06% | Shares |
| Police & Firemen's Retirement System of New Jersey | $60,717 | 24,190 | 0.05% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $58,822 | 23,435 | 0.05% | Shares |
| WOLVERINE TRADING, LLC | $58,089 | 14,933 | 0.05% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $55,062 | 21,937 | 0.05% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $52,585 | 20,950 | 0.05% | Shares |
| Toroso Investments, LLC | $52,556 | 13,172 | 0.05% | Shares |
| Focus Partners Wealth | $51,374 | 20,468 | 0.05% | Shares |
| WOLVERINE TRADING, LLC | $51,348 | 13,200 | 0.05% | Put option |
| Nuveen, LLC | $50,494 | 20,117 | 0.04% | Shares |
| FMR LLC | $47,143 | 18,782 | 0.04% | Shares |
| Arax Advisory Partners | $45,792 | 18,244 | 0.04% | Shares |
| Centiva Capital, LP | $45,373 | 18,077 | 0.04% | Shares |
| KLP KAPITALFORVALTNING AS | $43,674 | 17,400 | 0.04% | Shares |
| Vanguard Investments Australia, Ltd. | $43,523 | 17,340 | 0.04% | Shares |
| Merit Financial Group, LLC | $42,211 | 16,817 | 0.04% | Shares |
| Squarepoint Ops LLC | $39,304 | 15,659 | 0.03% | Shares |
| NORTHERN TRUST CORP | $39,133 | 15,591 | 0.03% | Shares |
| PRUDENTIAL FINANCIAL INC | $38,403 | 15,300 | 0.03% | Shares |
| CITADEL ADVISORS LLC | $37,399 | 14,900 | 0.03% | Put option |
| ENVESTNET ASSET MANAGEMENT INC | $35,391 | 14,100 | 0.03% | Shares |
| JANE STREET GROUP, LLC | $34,638 | 13,800 | 0.03% | Call option |
| BARCLAYS PLC | $33,059 | 13,171 | 0.03% | Shares |
| Polymer Capital Management (US) LLC | $32,861 | 13,092 | 0.03% | Shares |
| ProShare Advisors LLC | $32,686 | 13,023 | 0.03% | Shares |
| Abel Hall, LLC | $32,178 | 12,820 | 0.03% | Shares |
Company insiders 9 insiders · 4 officers · 5 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Johann Bordais | Chief Executive Officer | June 9, 2026 A | 277,009 | 0 | 0 | $0 |
| Gerard J Demuro | Co-Chief Executive Officer | May 9, 2022 A | 490,000 | 0 | 0 | $0 |
| Eduardo Siffert Couto | Chief Financial Officer | June 9, 2026 A | 354,729 | 0 | 0 | $0 |
| De Oliviera Simone Galvao | GC & Chief Compliance Officer | June 9, 2026 A | 55,143 | 0 | 0 | $0 |
| Maria Cordon | Director | Feb. 3, 2023 A | 6,687 | 0 | 0 | $0 |
| Domecq Jose Manuel Entrecanales | Director | May 9, 2022 A | 15,000 | 0 | 0 | $0 |
| Paul Eremenko | Director | May 9, 2022 A | 15,000 | 0 | 0 | $0 |
| Sergio Pedreiro | Director | May 9, 2022 A | 15,000 | 0 | 0 | $0 |
| Marion C Blakey | Director | May 9, 2022 A | 15,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Embraer Aircraft Holding, Inc., EMBRAER S.A. ×4 filings | Aug. 15, 2025 | 81.90% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 23 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| CCSO · Tidal Trust II | 0.08% | 13,590 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 42,149 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 4,512 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 480,310 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 3,529 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 3,567 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.00% | 21,892 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 12,571 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 3,805 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 90 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 50,593 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| IWO · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| ISCB · iShares Trust | — | — | Aug. 4, 2026 | Daily |
| ISCG · iShares Trust | — | — | Aug. 4, 2026 | Daily |
| ISCV · iShares Trust | — | — | Aug. 4, 2026 | Daily |
| WSML · iShares Trust | — | — | Aug. 4, 2026 | Daily |