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Eve Holding Inc

For the period ended Dec 31, 2024. Filed Mar 11, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 11, 2025

EVEX$1.85+17.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.20549

FORM 10-K

(Mark One)

For the fiscal year ended December 31, 2024

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No. 001-39704

(Exact name of registrant as specified in its charter)

Delaware85-2549808
(State or other jurisdiction of incorporation or organization)(I.R.S. EmployerIdentification No.)
1400 General Aviation Drive Melbourne, FL 32935
(Address of Principal Executive Offices, including zip code)

(321) 751-5050

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per share Warrants, each whole warrant exercisable for one share of Common StockEVEX EVEXWThe New York Stock Exchange The New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:

None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is alarge accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12 b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☒
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10 D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12 b-2 of the Exchange Act): Yes ☐ No ☒

The aggregate market value of the registrant’s common stock outstanding, other than shares held by persons who may be deemed affiliates of the registrant, computed as of June 30, 2024 (the last business day of the registrant’s most recently completed second fiscal quarter), was approximately$121.7 million.

As of March 11, 2025, there were 297,644,298 shares of common stock, par value $0.001 per share, issued and outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

The information required by Part III of this Report, to the extent not set forth herein, is incorporated herein by reference from the registrant’s definitive proxy statement relating to the annual meeting of stockholders to be held in 2025, which definitive proxy statement shall be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this Report relates.

EVE HOLDING, INC.****

Page
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS1
PART I2
Item 1. Business2
Item 1A. Risk Factors13
Item 1B. Unresolved Staff Comments50
Item 1C. Cybersecurity51
Item 2. Properties52
Item 3. Legal Proceedings52
Item 4. Mine Safety Disclosures52
PART II53
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities53
Item 6. [Reserved]53
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations54
Item 7A. Quantitative and Qualitative Disclosures About Market Risk62
Item 8. Financial Statements and Supplementary Data63
Report of Independent Registered Public Accounting Firm (KPMG LLP, Miami, FL, Auditor Firm ID: 185)64
Consolidated Balance Sheets65
Consolidated Statements of Operations66
Consolidated Statements of Comprehensive Loss66
Consolidated Statements of Equity67
Consolidated Statements of Cash Flows68
Notes to Consolidated Financial Statements69
Note 1 – Organization and Nature of Business69
Note 2 – Significant Accounting Policies70
Note 3 – Cash and Cash Equivalents74
Note 4 – Financial Investments74
Note 5 – Related Party Transactions75
Note 6 – Other Balance Sheet Components76
Note 7 – Debt77
Note 8 – Equity79
Note 9 – Common Stock Warrants80
Note 10 – Derivative Financial Instruments82
Note 11 – Fair Value Measurements82
Note 12 – Share-Based Compensation83
Note 13 – Earnings Per Share85
Note 14 – Research and Development Expenses86
Note 15 – Selling, General and Administrative Expenses86
Note 16 – Income Taxes86
Note 17 – Leases89
Note 18 – Commitments ​and Contingencies90
Note 19 – Segments91
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure92
Item 9A. Controls and Procedures92
Item 9B. Other Information93
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection93
PART III94
Item 10. Directors, Executive Officers and Corporate Governance94
Item 11. Executive Compensation94
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters94
Item 13. Certain Relationships and Related Transactions, and Director Independence94
Item 14. Principal Accountant Fees and Services94
PART IV95
Item 15. Exhibits, Financial Statement Schedules95
Signatures99
ContentsView on SEC.gov

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