logo
Twitter
Discord
Email
logo
EHang Holdings Limited

EHang Holdings Limited

NASDAQ•EH
CEO: Mr. Huazhi Hu
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 2019-12-13
EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions. It has a strategic partnership with Greater Bay Technology to research and develop ultra-fast charging/extreme fast charging battery solutions for its electric vertical takeoff and landing aircraft; and advanced eVTOL integrated electric motor drive systems. EHang Holdings Limited was incorporated in 2014 and is headquartered in Guangzhou, the People's Republic of China.
Contact Information
Building one, 11th Floor, EHang Technology Park No. 29 Bishan Boulevard Huangpu District, Guangzhou, 510700, China
86-20-2902-8899
www.ehang.com
Market Cap
$517.89M
P/E (TTM)
-13.5
108.5
Dividend Yield
--
52W High
$29.76
52W Low
$12.71
52W Range
9%
Rank52Top 73.5%
2.9
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Weak • 2.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2025

Financial Dashboard

Q3 2025 Data

Revenue

$12.94M-27.73%
4-Quarter Trend

EPS

-$0.31+184.62%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Massive Revenue Surge Total revenues hit RMB456.2M in 2024, marking a 290.6% increase driven by EH216 sales volume expansion.
Loss Narrows Significantly Net loss decreased 23.9% to RMB230.0M in 2024, reflecting improved operational leverage and scaling efforts.
Positive Operating Cash Flow Operating cash flow turned positive, generating RMB158.0M in 2024, contrasting with RMB88.4M used in 2023.
Production Volume Increased Delivered 216 EH216 series units in 2024, a substantial increase over 52 units delivered in the prior year.

Risk Factors

High Customer Revenue Concentration Largest customer represented 26% of 2024 revenues, posing inherent risk if major customer demand suddenly declines.
PRC Regulatory Compliance Risks Uncertainties in evolving PRC laws regarding data security and foreign investment could materially impact operations.
Ongoing Securities Litigation Exposure Facing class action lawsuits related to prior short-seller reports; litigation costs and management distraction remain risks.
VIE Structure Enforcement Uncertainty Reliance on contractual agreements for operational control in China is subject to PRC legal interpretation risks.

Outlook

Global Market Expansion Strategy Plan to extend certified EH216-S sales to more countries in Asia and other regions using bilateral regulatory agreements.
Enhance Technological Leadership Continue investing in innovation to solidify leadership in pilotless eVTOL technology and expand the certified product portfolio.
Increase Production Capacity Planning Phase II expansion at Yunfu Production Facility to scale manufacturing capabilities to meet growing order demands.
Diversify Revenue Streams Explore new monetization opportunities including recurring software fees and strategic investment arrangements with customers.

Peer Comparison

Revenue (TTM)

Forward Air CorporationFWRD
$2.50B
+14.5%
Quanex Building Products CorporationNX
$1.84B
+43.8%
Kornit Digital Ltd.KRNT
$210.04M
+6.9%

Gross Margin (Latest Quarter)

EHang Holdings LimitedEH
60.8%
-0.4pp
Byrna Technologies Inc.BYRN
60.1%
-2.3pp
Kornit Digital Ltd.KRNT
43.4%
-4.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FWRD$868.62M-7.3-71.5%77.2%
NX$817.07M-3.7-25.8%43.4%
TATT$675.51M43.611.1%7.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-17.3%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 11, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 15, 2025|
    Revenue: $64.29M+294.0%
    |
    EPS: $-0.95-37.9%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 15, 2024|
    Revenue: $16.58M+165.0%
    |
    EPS: $-0.70+13.6%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 27, 2023|
    Revenue: $6.58M-22.0%
    |
    EPS: $-0.85-3.2%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 28, 2022|
    Revenue: $8.81M-68.5%
    |
    EPS: $-0.86-231.0%
    Miss

  • Form 20-F/A - FY 2020

    Period End: Dec 31, 2020|Filed: Aug 12, 2021|
    Revenue: $27.69M+47.8%
    |
    EPS: $-0.26-90.9%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Jun 15, 2021|Refer to amended data