EH

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EHang Holdings Limited

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Key Metrics

Previous Close: $5.76
52-Week Range: $4.89 – $20.20
Market Cap: $417.15M
P/E (TTM): —
EPS (TTM): -0.64
Dividend Yield: —

Advanced Metrics

Price/Book: 2.86
PEG Ratio: —
Return on Equity: -34.11%
Return on Assets: -12.56%
Gross Margin: 61.53%
Operating Margin: -498.47%
Profit Margin: -77.56%
Current Ratio: 1.87
Debt/Equity: 0.57
Total Debt: $559.95M
Free Cash Flow: —
Revenue Growth: -1.70%
Earnings Growth: —
Enterprise Value: $23.69M

EH Income statement, annual periods, in CNY
CNY	FY2022	FY2023	FY2024	FY2025
Revenue	$44.32M	$117.43M	$456.15M	$417.98M
Cost of Revenue	$15.10M	$42.12M	$176.21M	$160.83M
Gross Profit	$29.22M	$75.31M	$279.95M	$257.15M
Research & Development	$135.08M	$167.31M	$199.47M	$194.58M
Selling, General & Admin	$204.18M	$210.48M	$364.43M	$391.67M
Operating Expenses	$333.17M	$371.56M	$534.02M	$573.87M
Operating Income	-$303.95M	-$296.25M	-$254.07M	-$316.71M
EBITDA	-$304.74M	-$264.26M	-$202.12M	-$239.60M
Pretax Income	-$329.45M	-$300.57M	-$225.29M	-$275.57M
Income Tax	$79.00K	$206.00K	$386.00K	-$4.41M
Net Income	-$328.22M	-$301.70M	-$229.78M	-$275.98M
Diluted EPS	-5.72	-4.75	-3.42	-3.14
Diluted Shares	57.35M	63.51M	67.18M	73.33M

EH Balance Sheet statement, annual periods, in CNY
CNY	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$249.31M	$228.25M	$610.88M	$256.40M
Receivables	$44.07M	$45.97M	$80.89M	$192.04M
Inventory	$72.36M	$59.49M	$75.69M	$101.63M
Current Assets	$387.15M	$453.05M	$1.36B	$1.48B
Total Assets	$530.87M	$598.64M	$1.58B	$1.99B
Current Liabilities	$282.34M	$250.07M	$470.34M	$715.80M
Long-Term Debt	$3.85M	$9.31M	$20.50M	$82.70M
Total Debt	$200.06M	$163.55M	$233.50M	$452.63M
Total Liabilities	$406.19M	$384.43M	$628.68M	$923.19M
Retained Earnings	-$1.45B	-$1.75B	-$1.98B	-$2.26B
Shareholders' Equity	$124.26M	$213.79M	$955.64M	$1.07B
Working Capital	$104.81M	$202.97M	$886.68M	$767.72M
Net Debt	—	—	—	$65.71M

EH Cash Flow statement, annual periods, in CNY
CNY	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$173.46M	-$88.41M	$157.96M	-$179.51M
Capital Expenditure	-$13.82M	-$9.09M	-$40.08M	-$160.38M
Free Cash Flow	-$187.28M	-$97.50M	$117.88M	-$339.89M
Depreciation & Amortisation	$20.89M	$21.36M	$19.80M	$29.99M
Stock-Based Compensation	$96.52M	$151.49M	$273.12M	$246.16M
Investing Cash Flow	$56.40M	-$128.69M	-$482.51M	-$507.14M
Financing Cash Flow	$106.74M	$195.48M	$701.36M	$337.43M
Share Repurchases	$0.00	$0.00	-$10.09M	$0.00
Net Change in Cash	-$10.32M	-$21.62M	$376.81M	-$349.22M

EH Income statement, quarterly periods, in CNY
CNY	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$26.09M	$147.16M	$92.47M	$152.25M	$25.66M
Cost of Revenue	$9.80M	$55.09M	$36.26M	$59.67M	$9.62M
Gross Profit	$16.29M	$92.07M	$56.21M	$92.58M	$16.04M
Research & Development	$37.28M	$57.58M	$50.63M	$49.09M	$60.08M
Selling, General & Admin	$73.57M	$115.34M	$100.16M	$102.59M	$91.67M
Operating Expenses	$106.17M	$170.19M	$147.93M	$149.58M	$143.95M
Operating Income	-$89.88M	-$78.11M	-$91.72M	-$57.00M	-$127.91M
EBITDA	-$75.51M	-$78.42M	-$79.19M	-$36.49M	-$120.50M
Pretax Income	-$76.66M	-$79.41M	-$80.93M	-$38.57M	-$122.82M
Income Tax	$1.00K	$114.00K	-$1.00K	-$4.52M	$117.00K
Net Income	-$78.08M	-$80.79M	-$82.16M	-$34.94M	-$125.96M
Diluted EPS	-1.08	-1.12	-1.10	0.14	-1.66
Diluted Shares	71.94M	72.37M	74.31M	75.80M	75.50M

EH Balance Sheet statement, quarterly periods, in CNY
CNY	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$382.45M	$378.58M	$227.18M	$256.40M	$160.20M
Receivables	$28.53M	$121.12M	$164.34M	$192.04M	$86.10M
Inventory	$109.03M	$107.03M	$107.74M	$101.63M	$120.77M
Current Assets	$1.30B	$1.45B	$1.54B	$1.48B	$1.35B
Total Assets	$1.60B	$1.78B	$1.93B	$1.99B	$1.93B
Current Liabilities	$486.73M	$578.03M	$662.69M	$715.80M	$722.67M
Long-Term Debt	$62.00M	$59.90M	$87.60M	$82.70M	$95.60M
Total Debt	$305.60M	$366.34M	$468.22M	$452.63M	$559.95M
Total Liabilities	$678.26M	$765.84M	$875.35M	$923.19M	$950.89M
Retained Earnings	-$2.06B	-$2.14B	-$2.23B	-$2.26B	-$2.39B
Shareholders' Equity	$922.62M	$1.01B	$1.05B	$1.07B	$980.46M
Working Capital	$816.64M	$868.85M	$880.43M	$767.72M	$626.41M
Net Debt	—	—	$108.30M	$65.71M	$251.89M

Market Snapshot

About

EHang Holdings is an autonomous aerial vehicle technology platform company developing, manufacturing and selling passenger-grade and logistics autonomous aerial vehicles. The company specializes in electric vertical takeoff and landing aircraft designed for urban air mobility applications. EHang's products include passenger transportation AAVs and logistics AAVs for cargo delivery. The company is headquartered in Guangzhou, China and has conducted trial operations in several countries.