EH EHang Holdings Limited

BULLISH Impact: 8/10 PRESS-RELEASE
Horizon weeks Filed Mar 12, 2026 Processed 2mo ago Wire GlobeNewswire
Press release: earnings
Final — all horizons settled through T+60d
EH ▼ -34.81% at T+60d
LONG call ✗ call lost -34.81% · α vs SPY -45.50% · entry $12.11 → $7.90
Last close $8.71 (close Jun 8) · -28.08% from $12.11 entry
Entry anchored
Mar 11, 03:59 PM ET
via Databento tick
T+1d
-2.15%
call -2.15% · α -1.55%
$11.85
settled 3mo ago
T+5d
-10.24%
call -10.24% · α -9.26%
$10.87
settled 3mo ago
T+20d
-11.48%
call -11.48% · α -13.45%
$10.72
settled 2mo ago
T+60d
-34.81%
call -34.81% · α -45.50%
$7.90
settled yesterday

Price Chart

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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

Revenue
$34.9M
+48.4% YoY
Adj. EPS
$0.14
GAAP: $0.01
Guidance
RMB600M
raised

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

revenuenet incomeepsgross margincash flow

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

Exchange
Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3254380
8 reports for EH
Performance horizon
Filters
Rows
Reports for EH — sortable, filterable
Type Now
Jun 9, 2026
today
6-K
BEARISH ★ 6/10
$8.70 awaiting T+5awaiting T+5$8.71 (−0.11%)
Jun 9, 2026
today
Press Release
BEARISH ★ 6/10
$8.70 awaiting T+5awaiting T+5$8.71 (−0.11%)
Jun 8, 2026
1d ago
6-K
NEUTRAL ★ 4/10
$8.13 awaiting T+5awaiting T+5$8.71 (+7.13%)
May 28, 2026
12d ago
Press Release
NEUTRAL ★ 2/10
$10.26 $9.23▼ −10.04%▼ −10.36%$8.71 (−15.11%)
May 18, 2026
22d ago
Press Release
NEUTRAL ★ 4/10
$9.32 $9.51▲ +1.99%▲ +0.37%$8.71 (−6.55%)
May 15, 2026
25d ago
20-F
MIXED ★ 6/10
$9.32 $9.51▲ +1.99%▲ +0.37%$8.71 (−6.55%)
Mar 12, 2026
12w ago
Press Release
BULLISH ★ 8/10
$12.11 $10.87▼ −10.24%▼ −9.26%$8.71 (−28.08%)
Mar 5, 2026
13w ago
Press Release
NEUTRAL ★ 3/10
$11.34 $12.11▲ +6.79%▲ +9.03%$8.71 (−23.19%)
Showing 8 of 8

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