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EH: financial statements from SEC — TradeAlmanac

EH

EHang Holdings Limited - ADS: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	418M	456M	117M	44M
Cost of revenue	161M	176M	42M	15M
Gross profit	257M	38M	75M	29M
Research and development	195M	27M	167M	135M
Selling, general and administrative	270M	32M	150M	151M
Operating expenses	586M	564M	378M	339M
Operating income	−317M	−35M	−296M	−304M
Pre-tax income	−276M	−225M	−301M	−329M
Income tax	−4M	53,000	206,000	79,000
Net income	−276M	−230M	−302M	−328M
Earnings per share	−1.88	−1.71	−2.48	−2.86
Earnings per share, diluted	−1.88	−0.23	−2.48	−2.86
Weighted average shares	146,665	134,367	121,494	114,695
Weighted average shares, diluted	146,665	134,367	121,494	114,695

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	30/11/2025	31/12/2024	31/12/2023	31/10/2023	31/12/2022
Cash and equivalents	—	—	256M	—	611M	228M	—	249M
Short-term investments

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−180M	158M	−88M	−173M
Depreciation and amortisation	19M	2M	12M	8M
Share-based compensation	246M	273M	151M	97M
Capital expenditure

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator