Eve Holding, Inc., an aerospace company focused on developing electric Vertical Takeoff and Landing (eVTOL) aircraft, has released its Second Quarter 2025 earnings results. Eve reported total cash consumption of $56.9 million in 2Q25, up from $31.4 million in 2Q24. The company recognized a $9.5 million non-cash charge related to the fair value of derivatives, compared to a $2.1 million gain in 2Q24. SG&A expenses increased to $8.2 million from $5.4 million in the same period last year, attributed to higher payroll-related costs and outsourced services. Eve's liquidity, including cash, cash equivalents, financial investments, undrawn credit lines with Brazil's National Development Bank, and a $16.5 million grant, totaled $375.5 million at the end of 2Q25. This funding is expected to support operations through 2026. The company remains pre-revenue and does not anticipate significant revenues during the aircraft development phase. Eve has increased its workforce to approximately 180 employees, up from 170 in 2Q24, and continues to incur pre-operating expenses for its first production site in Taubaté, Brazil.