EH EHang Holdings Limited
Price Chart
Executive Summary
EHang reported record quarterly and annual revenues with 48.4% YoY quarterly growth and first-ever GAAP profitability in Q4 2025, driven by strong eVTOL deliveries. The company achieved 100 units delivered in Q4 and expects to launch EH216-S commercial operations in China in March 2026, while advancing global expansion in Thailand, Qatar, and Japan.
Key Financial Metrics
Actionable Insight
Traders should monitor the March 2026 commercial launch in China and Thailand license approval as near-term catalysts. The combination of accelerating revenue, margin expansion, and path to sustained profitability suggests improving fundamentals, though long-term execution risk remains in scaling operations.
Key Facts
- Q4 2025 revenue reached $34.9 million (RMB243.8M), up 48.4% YoY and 163.6% QoQ
- Achieved first GAAP profitable quarter with $1.5M net income, turning from $46.9M net loss in Q4 2024
- Adjusted net income (non-GAAP) surged 96.4% YoY to $10.2M in Q4
- Full-year 2025 revenue hit record $72.9M (RMB509.5M), up 11.7% YoY
- 100 eVTOL units delivered in Q4 (95 EH216 series, 5 VT35), up from 78 in Q4 2024
- EH216-S commercial operations in China expected to launch in March 2026
- Thailand AAM Sandbox trials progressing with expectation of first overseas commercial license
- Company guides for ~$85.7M (RMB600M) revenue in 2026, implying ~18% YoY growth
Financial Impact
Q4 revenue up $18.6M YoY; first GAAP profit achieved; $10.2M adjusted net income in quarter; $72.9M annual revenue
Risk Factors
- Forward-looking 2026 revenue guidance (~$85.7M) is preliminary and subject to change
- Non-GAAP profitability declined year-over-year despite quarterly improvement
- Legal provisions impacted 2025 results; ongoing securities litigation risk
- Commercial scaling outside China remains in early stages
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3254380 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
today
|
6-K
| $8.70 awaiting T+5 | awaiting T+5 | — | $8.71 (−0.11%) |
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Jun 9, 2026
today
|
Press Release
| $8.70 awaiting T+5 | awaiting T+5 | — | $8.71 (−0.11%) |
|
Jun 8, 2026
1d ago
|
6-K
| $8.13 awaiting T+5 | awaiting T+5 | — | $8.71 (+7.13%) |
|
May 28, 2026
12d ago
|
Press Release
| $10.26 $9.23 | ▼ −10.04% | ▼ −10.36% | $8.71 (−15.11%) |
|
May 18, 2026
22d ago
|
Press Release
| $9.32 $9.51 | ▲ +1.99% | ▲ +0.37% | $8.71 (−6.55%) |
|
May 15, 2026
25d ago
|
20-F
| $9.32 $9.51 | ▲ +1.99% | ▲ +0.37% | $8.71 (−6.55%) |
|
Mar 12, 2026
12w ago
|
Press Release
| $12.11 $10.87 | ▼ −10.24% | ▼ −9.26% | $8.71 (−28.08%) |
|
Mar 5, 2026
13w ago
|
Press Release
| $11.34 $12.11 | ▲ +6.79% | ▲ +9.03% | $8.71 (−23.19%) |
US Market Status
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