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EH Financials Ehang Holdings Ltd

7 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 grown 16.7% per year over the past 5 years.
  • Operating margin has contracted, at -75.8% in the latest year.

Financial health

  • The company holds more cash ($37M) than total debt ($13M).
  • Total debt has grown faster than revenue (43.3% vs 16.7% per year).
  • Operating income covered interest expense -53.0× in the latest year.
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$49M $7M $62M $0 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-741% -337% 66% 0% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$47M -$15M $16M $0 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $42M $84M 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$73M $12M $96M $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $60M -$39M 61.5% -75.8% -$47M $13M $37M
2024 $62M -$31M 61.4% -55.7% $16M $4M $84M
2023 $17M -$42M 64.1% -252.3% -$14M $2M $32M
2022 $6M -$48M 65.9% -685.9% -$27M $558000 $36M
2021 $9M -$49M 63.4% -564.3% -$22M $3M $39M
2020 $28M -$13M 59.0% -50.7% -$25M $21M
2019 $17M -$7M 58.5% -38.1% -$8M $5M $46M

Valuation over time

How the market has priced EH 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 0.3 0.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is EH growing its revenue and profit?

Over the past 5 years, Ehang Holdings Ltd's revenue has grown 16.7% per year. These are computed facts, not advice.

How much debt does EH have?

As of FY2025, Ehang Holdings Ltd reported $13M of total debt against $37M of cash; operating income covered interest expense -53.0×.

What is EH's profit margin?

In FY2025, gross margin was 61.5%, operating margin -75.8%, and net margin -66.0%.

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.