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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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.
The price-to-sales ratio has fallen from 0.2× (Mar '23) to 0.0× (Jun '26).
Price / sales (P/S)
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.