EHang Holdings Limited income statement EH

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, EHang Holdings Limited reported revenue of $59.8 million, down 4.4% from the year before. It recorded a net loss of $39.5 million. The operating loss came to $45.3 million, an operating margin of -75.8%. Diluted earnings per share were -$0.27. Across the 7 fiscal years shown, revenue grew from $17.5 million in fiscal 2019 to $59.8 million in fiscal 2025, about 22.7% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019
Revenue	60 -4.4%	62 +277.9%	17 +157.4%	6 -27.9%	9 -67.7%	28 +57.7%	17
Cost of revenue	23 -4.7%	24 +306.9%	6 +171.0%	2 -32.9%	3 -71.2%	11 +55.9%	7
Gross profit	37 -4.1%	38 +261.6%	11 +150.4%	4 -25.1%	6 -65.3%	16 +59.1%	10
Research and development	28 +1.8%	27 +16.0%	24 +20.3%	20 -9.0%	22 +33.4%	16 +96.4%	8
Selling, general and administrative	56 +12.2%	50 +68.4%	30 +0.1%	30 -18.2%	36 +139.0%	15 +65.2%	9
Other operating income (expense)	2 -56.7%	4 +366.1%	1 -0.7%	1 -49.7%	2 +74.3%	1 +106.1%	0
Operating expenses	82 +12.2%	73 +39.8%	52 +8.3%	48 -13.7%	56 +84.9%	30 +79.2%	17
Operating income	-45 -30.1%	-35 +16.6%	-42 +5.3%	-44 +12.4%	-50 -259.5%	-14 -110.2%	-7
Foreign currency gain (loss)	0 +132.5%	-0 -396.4%	0 +125.5%	-0 -66.2%	-0 -154.9%	-0 -418.8%	0
Other income (expense)	6 +49.2%	4 +747.5%	-1 +83.5%	-4 -434.3%	1 +1037.3%	-0 -0.9%	-0
Pretax income	-39 -25.3%	-31 +26.1%	-43 +10.9%	-48 +3.0%	-49 -249.8%	-14 -107.4%	-7
Equity in earnings of affiliates	-1 -25.8%	-1 -170.9%	-0 -885.7%	0 +165.1%	-0 -437.5%	-0 +27.3%	-0
Income tax	-1 -1288.7%	0 +82.8%	0 +163.6%	0 -47.6%	0 -34.4%	0 -70.4%	0
Net income	-39 -25.4%	-31 +25.9%	-42 +10.7%	-48 +3.4%	-49 -266.9%	-13 -92.6%	-7
Basic EPS	-0.27 -17.4%	-0.23 +34.3%	-0.35 +14.6%	-0.41	—	—	—
Diluted EPS	-0.27 -17.4%	-0.23 +34.3%	-0.35 +14.6%	-0.41	—	—	—
Weighted average shares, basic	0 +9.2%	0 +10.6%	0 +5.9%	0	—	—	—
Weighted average shares, diluted	0 +9.2%	0 +10.6%	0 +5.9%	0	—	—	—
Other measures
Depreciation and amortization	3 +54.9%	2 -0.1%	2 +42.6%	1 +5.5%	1 +31.5%	1 +12.4%	1
EBITDA	-43 -28.8%	-33 +17.3%	-40 +6.7%	-43 +12.8%	-49 -274.9%	-13 -123.3%	-6
Interest coverage	-52.97x	-75.34x	—	—	—	—	—
Margins
Gross margin	61.52%	61.37%	64.13%	65.93%	63.43%	58.96%	58.46%
Operating margin	-75.77%	-55.70%	-252.29%	-685.88%	-564.28%	-50.70%	-38.05%
Pretax margin	-65.93%	-50.34%	-257.31%	-742.99%	-552.34%	-51.00%	-38.78%
Profit margin	-66.03%	-50.37%	-256.94%	-740.65%	-552.70%	-48.66%	-39.85%
EBITDA margin	-71.24%	-52.90%	-241.70%	-666.75%	-551.21%	-47.49%	-33.55%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Aircraft Parts & Auxiliary Equipment, NEC (SIC 3728)
Listed as: EH (Nasdaq)
Fiscal year ends: December 31
Incorporated in: Cayman Islands
Headquarters: Guangzhou
SEC filer status: Large accelerated filer
SEC CIK: 1759783

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.