tradmap

EH Financials Ehang Holdings Ltd

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

Growth & profitability

  • Revenue has grown 18.3% 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 (CN¥256M) than total debt (CN¥93M).
  • Total debt has grown faster than revenue (46.6% vs 18.3% 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
-CN¥328M CN¥64M CN¥456M CN¥0 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-741% -337% 66% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-264% -125% 15% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-CN¥327M -CN¥104M CN¥119M CN¥0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
CN¥0 CN¥305M CN¥611M 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-CN¥507M CN¥97M CN¥701M CN¥0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 CN¥418M -CN¥276M 61.5% -75.8% -25.8% -13.9% -CN¥327M CN¥93M CN¥256M
2024 CN¥456M -CN¥230M 61.4% -55.7% -24.0% -14.5% CN¥119M CN¥31M CN¥611M
2023 CN¥117M -CN¥302M 64.1% -252.3% -141.1% -50.4% -CN¥96M CN¥13M CN¥228M
2022 CN¥44M -CN¥328M 65.9% -685.9% -264.1% -61.8% -CN¥186M CN¥17M CN¥249M
2021 CN¥57M -CN¥314M 63.4% -564.3% -94.4% -58.6% -CN¥137M CN¥20M CN¥247M
2020 CN¥180M -CN¥88M 59.0% -50.7% -31.7% -18.1% -CN¥160M — CN¥138M
2019 CN¥122M -CN¥49M 58.5% -38.0% -15.6% -10.8% -CN¥58M CN¥33M CN¥322M
2018 CN¥66M -CN¥79M 50.8% -111.8% 14.5% -63.5% -CN¥48M — CN¥62M
2017 CN¥32M -CN¥87M 13.2% -397.3% — — -CN¥50M — CN¥61M

Frequently asked questions

Is EH growing its revenue and profit?

Over the past 5 years, Ehang Holdings Ltd's revenue has grown 18.3% per year. These are computed facts, not advice.

How much debt does EH have?

As of FY2025, Ehang Holdings Ltd reported CN¥93M of total debt against CN¥256M 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 — its annual and interim reports, in CNY as reported (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 (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.