tradmap

EBON Financials Ebang International Holdings Inc.

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 19.2% per year over the past 5 years.
  • Operating margin has contracted, at -387.0% in the latest year.

Financial health

  • The company is unprofitable; at its current free-cash-flow burn it has roughly 14.8 years of cash runway.
Revenue & net income
-$44M $138M $319M $0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-1105% -524% 57% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$114M -$56M $1M $0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $126M $251M 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$108M $70M $248M $0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $7M -$14M 6.0% -387.0% -$14M $200M
2024 $6M -$20M 20.3% -517.5% -$18M $214M
2023 $5M -$37M -344.0% -1104.8% -$13M $242M
2022 $32M -$44M 47.7% -148.4% $1M $251M
2021 $51M $4M 56.8% 3.9% -$22M $240M
2020 $19M -$32M -15.3% -140.2% -$26M $765967 $14M
2019 $109M -$42M -28.0% -46.4% -$19M $3M
2018 $319M -$12M 7.7% -9.7% -$114M

Valuation over time

How the market has priced EBON against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 7.4 14.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is EBON growing its revenue and profit?

Over the past 5 years, Ebang International Holdings Inc.'s revenue has declined 19.2% per year. These are computed facts, not advice.

How much debt does EBON have?

As of FY2025, Ebang International Holdings Inc. reported — of total debt against $200M of cash.

What is EBON's profit margin?

In FY2025, gross margin was 6.0%, operating margin -387.0%, and net margin -215.6%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.