What is Ehang Holdings Ltd's earnings per share (EPS)?

Ehang Holdings Ltd (EH) reported diluted earnings per share of $-0.23 for fiscal year 2024. This represents a 34.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ehang Holdings Ltd Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Ehang Holdings Ltd (EH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 58/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Ehang Holdings Ltd has an operating margin of -55.7%, meaning the company retains $-56 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -252.3% the prior year.

Growth

100

Ehang Holdings Ltd's revenue surged 277.9% year-over-year to $62.5M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Ehang Holdings Ltd carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Ehang Holdings Ltd's current ratio of 2.89 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Ehang Holdings Ltd converts 26.1% of revenue into free cash flow ($16.3M). This strong cash generation earns a score of 90/100.

Returns

Ehang Holdings Ltd generates a -24.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -141.1% the prior year.

Piotroski F-Score Neutral

6/9

Ehang Holdings Ltd passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.69x

For every $1 of reported earnings, Ehang Holdings Ltd generates $-0.69 in operating cash flow ($21.6M OCF vs -$31.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-75.3x

Ehang Holdings Ltd earns $-75.3 in operating income for every $1 of interest expense (-$34.8M vs $462K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$62.5M

YoY+277.9%

5Y CAGR+29.0%

Ehang Holdings Ltd generated $62.5M in revenue in fiscal year 2024. This represents an increase of 277.9% from the prior year.

EBITDA

-$32.9M

YoY+17.4%

Ehang Holdings Ltd's EBITDA was -$32.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.4% from the prior year.

Net Income

-$31.5M

YoY+25.9%

Ehang Holdings Ltd reported -$31.5M in net income in fiscal year 2024. This represents an increase of 25.9% from the prior year.

EPS (Diluted)

$-0.23

YoY+34.3%

Ehang Holdings Ltd earned $-0.23 per diluted share (EPS) in fiscal year 2024. This represents an increase of 34.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$16.3M

YoY+220.3%

Ehang Holdings Ltd generated $16.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 220.3% from the prior year.

Cash & Debt

$83.7M

YoY+160.3%

5Y CAGR+12.6%

Ehang Holdings Ltd held $83.7M in cash against $2.8M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

61.4%

YoY-2.8pp

5Y CAGR+2.9pp

Ehang Holdings Ltd's gross margin was 61.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.8 percentage points from the prior year.

Operating Margin

-55.7%

YoY+196.6pp

5Y CAGR-17.7pp

Ehang Holdings Ltd's operating margin was -55.7% in fiscal year 2024, reflecting core business profitability. This is up 196.6 percentage points from the prior year.

Net Margin

-50.4%

YoY+206.6pp

5Y CAGR-10.5pp

Ehang Holdings Ltd's net profit margin was -50.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 206.6 percentage points from the prior year.

Return on Equity

-24.0%

YoY+117.1pp

5Y CAGR-8.5pp

Ehang Holdings Ltd's ROE was -24.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 117.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$27.3M

YoY+16.0%

5Y CAGR+27.2%

Ehang Holdings Ltd invested $27.3M in research and development in fiscal year 2024. This represents an increase of 16.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$5.3M

YoY+384.0%

5Y CAGR+68.4%

Ehang Holdings Ltd invested $5.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 384.0% from the prior year.

EH Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$62.5M+277.9%	$16.5M+157.4%	$6.4M-27.9%	$8.9M-67.7%	$27.6M+57.7%	$17.5M
Cost of Revenue	$24.1M+306.9%	$5.9M+171.0%	$2.2M-32.9%	$3.3M-71.2%	$11.3M+55.9%	$7.3M
Gross Profit	$38.4M+261.6%	$10.6M+150.4%	$4.2M-25.1%	$5.7M-65.3%	$16.3M+59.1%	$10.2M
R&D Expenses	$27.3M+16.0%	$23.6M+20.3%	$19.6M-9.0%	$21.5M+33.4%	$16.1M+96.4%	$8.2M
SG&A Expenses	$32.0M+51.3%	$21.1M-3.5%	$21.9M-25.5%	$29.4M+211.4%	$9.4M+77.9%	$5.3M
Operating Income	-$34.8M+16.6%	-$41.7M+5.3%	-$44.1M+12.4%	-$50.3M-259.5%	-$14.0M-110.2%	-$6.7M
Interest Expense	$462K+11.9%	$413K-25.5%	$554K+95.8%	$283K-20.9%	$358K+198.3%	$120K
Income Tax	$53K+82.8%	$29K+163.6%	$11K-47.6%	$21K-34.4%	$32K-70.4%	$108K
Net Income	-$31.5M+25.9%	-$42.5M+10.7%	-$47.6M+3.4%	-$49.3M-266.9%	-$13.4M-92.6%	-$7.0M
EPS (Diluted)	$-0.23+34.3%	$-0.35+14.6%	$-0.41	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

EH Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$217.1M+157.5%	$84.3M+9.5%	$77.0M-8.4%	$84.0M+13.1%	$74.3M+15.0%	$64.6M
Current Assets	$185.9M+191.3%	$63.8M+13.7%	$56.1M-25.0%	$74.9M+15.1%	$65.1M+5.7%	$61.6M
Cash & Equivalents	$83.7M+160.3%	$32.1M-11.1%	$36.1M-6.7%	$38.7M+83.4%	$21.1M-54.3%	$46.2M
Inventory	$10.4M+23.7%	$8.4M-20.1%	$10.5M-14.4%	$12.3M+69.8%	$7.2M+171.7%	$2.7M
Accounts Receivable	$8.0M+62.7%	$4.9M+66.5%	$2.9M-66.6%	$8.8M-64.7%	$25.0M+323.4%	$5.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$86.1M+59.1%	$54.1M-8.1%	$58.9M+86.4%	$31.6M-0.3%	$31.7M+64.6%	$19.3M
Current Liabilities	$64.4M+82.9%	$35.2M-14.0%	$40.9M+91.2%	$21.4M-11.6%	$24.2M+76.4%	$13.7M
Long-Term Debt	$2.8M+114.2%	$1.3M+134.9%	$558K-79.1%	$2.7M	N/A	$4.7M
Total Equity	$130.9M+334.8%	$30.1M+67.1%	$18.0M-65.5%	$52.2M+23.2%	$42.3M-5.4%	$44.8M
Retained Earnings	-$271.9M-10.0%	-$247.1M-17.5%	-$210.3M-19.4%	-$176.1M-42.2%	-$123.8M-19.7%	-$103.5M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$217.1M+157.5%	$84.3M+9.5%	$77.0M-8.4%	$84.0M+13.1%	$74.3M+15.0%	$64.6M
Current Assets	$185.9M+191.3%	$63.8M+13.7%	$56.1M-25.0%	$74.9M+15.1%	$65.1M+5.7%	$61.6M
Cash & Equivalents	$83.7M+160.3%	$32.1M-11.1%	$36.1M-6.7%	$38.7M+83.4%	$21.1M-54.3%	$46.2M
Inventory	$10.4M+23.7%	$8.4M-20.1%	$10.5M-14.4%	$12.3M+69.8%	$7.2M+171.7%	$2.7M
Accounts Receivable	$8.0M+62.7%	$4.9M+66.5%	$2.9M-66.6%	$8.8M-64.7%	$25.0M+323.4%	$5.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$86.1M+59.1%	$54.1M-8.1%	$58.9M+86.4%	$31.6M-0.3%	$31.7M+64.6%	$19.3M
Current Liabilities	$64.4M+82.9%	$35.2M-14.0%	$40.9M+91.2%	$21.4M-11.6%	$24.2M+76.4%	$13.7M
Long-Term Debt	$2.8M+114.2%	$1.3M+134.9%	$558K-79.1%	$2.7M	N/A	$4.7M
Total Equity	$130.9M+334.8%	$30.1M+67.1%	$18.0M-65.5%	$52.2M+23.2%	$42.3M-5.4%	$44.8M
Retained Earnings	-$271.9M-10.0%	-$247.1M-17.5%	-$210.3M-19.4%	-$176.1M-42.2%	-$123.8M-19.7%	-$103.5M

EH Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$21.6M+273.8%	-$12.5M+50.5%	-$25.1M-31.8%	-$19.1M+17.9%	-$23.2M-191.5%	-$8.0M
Capital Expenditures	$5.3M+384.0%	$1.1M-37.5%	$1.8M-28.1%	$2.5M+83.3%	$1.3M+239.8%	$394K
Free Cash Flow	$16.3M+220.3%	-$13.6M+49.6%	-$26.9M-24.9%	-$21.5M+12.4%	-$24.6M-193.8%	-$8.4M
Investing Cash Flow	-$66.1M-264.7%	-$18.1M-321.7%	$8.2M+256.0%	-$5.2M+48.3%	-$10.1M-543.0%	-$1.6M
Financing Cash Flow	$96.1M+249.0%	$27.5M+77.9%	$15.5M-63.1%	$41.9M+540.4%	$6.5M-86.0%	$46.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

EH Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	61.4%-2.8pp	64.1%-1.8pp	65.9%+2.5pp	63.4%+4.5pp	59.0%+0.5pp	58.5%
Operating Margin	-55.7%+196.6pp	-252.3%+433.6pp	-685.9%-121.6pp	-564.3%-513.6pp	-50.7%-12.7pp	-38.0%
Net Margin	-50.4%+206.6pp	-256.9%+483.7pp	-740.6%-188.0pp	-552.7%-504.0pp	-48.7%-8.8pp	-39.9%
Return on Equity	-24.0%+117.1pp	-141.1%+123.0pp	-264.1%-169.7pp	-94.4%-62.7pp	-31.7%-16.1pp	-15.6%
Return on Assets	-14.5%+35.9pp	-50.4%+11.4pp	-61.8%-3.2pp	-58.6%-40.6pp	-18.1%-7.3pp	-10.8%
Current Ratio	2.89+1.1	1.81+0.4	1.37-2.1	3.50+0.8	2.69-1.8	4.48
Debt-to-Equity	0.02-0.0	0.04+0.0	0.03-0.0	0.05-0.7	0.75+0.6	0.10
FCF Margin	26.1%+108.0pp	-82.0%+336.9pp	-418.9%-177.2pp	-241.7%-152.6pp	-89.1%-41.3pp	-47.8%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.89+1.1	1.81+0.4	1.37-2.1	3.50+0.8	2.69-1.8	4.48
Debt-to-Equity	0.02-0.0	0.04+0.0	0.03-0.0	0.05-0.7	0.75+0.6	0.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Ehang Holdings Ltd's annual revenue?

Ehang Holdings Ltd (EH) reported $62.5M in total revenue for fiscal year 2024. This represents a 277.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ehang Holdings Ltd's revenue growing?

Ehang Holdings Ltd (EH) revenue grew by 277.9% year-over-year, from $16.5M to $62.5M in fiscal year 2024.

Is Ehang Holdings Ltd profitable?

No, Ehang Holdings Ltd (EH) reported a net income of -$31.5M in fiscal year 2024, with a net profit margin of -50.4%.

What is Ehang Holdings Ltd's EBITDA?

Ehang Holdings Ltd (EH) had EBITDA of -$32.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ehang Holdings Ltd have?

As of fiscal year 2024, Ehang Holdings Ltd (EH) had $83.7M in cash and equivalents against $2.8M in long-term debt.

What is Ehang Holdings Ltd's gross margin?

Ehang Holdings Ltd (EH) had a gross margin of 61.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ehang Holdings Ltd's operating margin?

Ehang Holdings Ltd (EH) had an operating margin of -55.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Ehang Holdings Ltd's net profit margin?

Ehang Holdings Ltd (EH) had a net profit margin of -50.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Ehang Holdings Ltd's return on equity (ROE)?

Ehang Holdings Ltd (EH) has a return on equity of -24.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Ehang Holdings Ltd's free cash flow?

Ehang Holdings Ltd (EH) generated $16.3M in free cash flow during fiscal year 2024. This represents a 220.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ehang Holdings Ltd's operating cash flow?

Ehang Holdings Ltd (EH) generated $21.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Ehang Holdings Ltd's total assets?

Ehang Holdings Ltd (EH) had $217.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Ehang Holdings Ltd's capital expenditures?

Ehang Holdings Ltd (EH) invested $5.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Ehang Holdings Ltd spend on research and development?

Ehang Holdings Ltd (EH) invested $27.3M in research and development during fiscal year 2024.

What is Ehang Holdings Ltd's current ratio?

Ehang Holdings Ltd (EH) had a current ratio of 2.89 as of fiscal year 2024, which is generally considered healthy.

What is Ehang Holdings Ltd's debt-to-equity ratio?

Ehang Holdings Ltd (EH) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ehang Holdings Ltd's return on assets (ROA)?

Ehang Holdings Ltd (EH) had a return on assets of -14.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Ehang Holdings Ltd's Piotroski F-Score?

Ehang Holdings Ltd (EH) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ehang Holdings Ltd's earnings high quality?

Ehang Holdings Ltd (EH) has an earnings quality ratio of -0.69x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ehang Holdings Ltd cover its interest payments?

Ehang Holdings Ltd (EH) has an interest coverage ratio of -75.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Ehang Holdings Ltd?

Ehang Holdings Ltd (EH) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.