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EZGO Financials EZGO Technologies Ltd.

7 years of revenue, profit, cash flow and balance-sheet history through FY2024, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 72.8% per year over the past 5 years.
  • Operating margin has contracted, at -20.0% in the latest year.

Financial health

  • Total debt ($13M) exceeds cash ($3M); net debt is $10M.
  • Total debt has grown faster than revenue (244.6% vs 72.8% per year).
  • Operating income covered interest expense -45.1× in the latest year.
Revenue & net income
-$7M $8M $23M $0 2018 2019 2020 2021 2022 2023 2024
RevenueNet income
Margins (gross / operating / net)
-43% 59% 160% 0% 2018 2019 2020 2021 2022 2023 2024
GrossOperatingNet
Free cash flow (CFO − capex)
-$13M -$6M $2M $0 2018 2019 2020 2021 2022 2023 2024
Free cash flow
Cash vs total debt
$0 $9M $17M 2018 2019 2020 2021 2022 2023 2024
CashTotal debt
Cash flow: operating / investing / financing
-$21M $7M $36M $0 2018 2019 2020 2021 2022 2023 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2024 $21M -$7M 7.1% -20.0% $13M $3M
2023 $16M -$7M 7.2% -30.1% $5M $17M
2022 $17M -$6M 1.3% -37.2% $3M $4M
2021 $23M -$3M 1.6% -16.6% -$13M $5M
2020 $15M $276922 10.1% 0.5% $2M $322598
2019 $1M $2M 82.0% 56.6% -$4M $27324 $4M
2018 $3M $633749 47.7% 33.2% $910377 $5570

Valuation over time

How the market has priced EZGO 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 0.2 0.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is EZGO growing its revenue and profit?

Over the past 5 years, EZGO Technologies Ltd.'s revenue has grown 72.8% per year. These are computed facts, not advice.

How much debt does EZGO have?

As of FY2024, EZGO Technologies Ltd. reported $13M of total debt against $3M of cash; operating income covered interest expense -45.1×.

What is EZGO's profit margin?

In FY2024, gross margin was 7.1%, operating margin -20.0%, and net margin -34.5%.

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.