EBON revenueFY2025$6.54M
- FY YoY
- +11.4%
- 5Y CAGR
- -19.2%
EBON revenue was $6.54M for fiscal 2025 (ended Dec 31, 2025), up 11.4% from fiscal 2024. Compound annual growth was -19.2% over 5 years. It rose in 3 of the last 7 fiscal years.
Ebang International Holdings Inc. (EBON) financials
For fiscal 2025 (ended Dec 31, 2025), Ebang International Holdings Inc. reported $6.54M of revenue and -$14.09M of net income.
- Revenue, FY2025
- $6.54M
- Revenue growth, YoY
- +11.4%
- Net income, FY2025
- -$14.09M
- Net margin
- -215.6%
- Free cash flow, FY2025
- -$13.54M
- EPS, diluted, FY2025
- -$2.24
- Cash
- $200.19M
- P/S
- 1.57
- Market cap
- $10.3M
FY2018FY2025
FY2018FY2025
FY2018FY2025
EBON revenue and earnings growth
EBON net incomeFY2025-$14.09M
EBON net income was -$14.09M for fiscal 2025 (ended Dec 31, 2025), compared with -$20.25M in fiscal 2024.
EBON EPSFY2025-$2.24
EBON diluted EPS was -$2.24 for fiscal 2025 (ended Dec 31, 2025), compared with -$3.22 in fiscal 2024.
EBON free cash flowFY2025-$13.54M
EBON free cash flow was -$13.54M for fiscal 2025 (ended Dec 31, 2025), compared with -$17.84M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.54M | $5.87M | $4.86M | $32.33M | $51.45M | $19.00M | $109.06M | $319.04M |
| Cost of revenue | $6.14M | $4.68M | $21.56M | $16.92M | $22.23M | $21.90M | $139.62M | $294.60M |
| Gross profit | $394.8K | $1.19M | -$16.70M | $15.41M | $29.22M | -$2.90M | -$30.56M | $24.45M |
| Research and development | $4.09M | $5.43M | $7.40M | $5.15M | $6.56M | $8.46M | $13.37M | $43.49M |
| Selling, general and admin | $22.73M | $30.46M | $29.04M | $40.71M | $25.77M | $22.82M | $18.87M | $51.41M |
| Operating income | -$25.30M | -$30.37M | -$53.64M | -$47.99M | $2.03M | -$26.65M | -$50.65M | -$31.06M |
| Pre-tax income | -$14.49M | -$20.91M | -$39.07M | -$45.83M | $2.39M | -$22.86M | -$40.67M | -$10.91M |
| Income tax | -$321.0K | -$42.5K | -$1.03M | -$72.9K | -$378.8K | $9.25M | $400.3K | $899.6K |
| Net income | -$14.09M | -$20.25M | -$36.77M | -$43.89M | $4.43M | -$32.11M | -$41.07M | -$12.31M |
| EPS, basic | -$2.24 | -$3.22 | -$5.86 | -$7.03 | $0.75 | -$7.55 | -$11.40 | -$10.80 |
| EPS, diluted | -$2.24 | -$3.22 | -$5.86 | -$7.03 | $0.75 | -$7.55 | -$11.40 | -$10.80 |
| Diluted shares | 6.3M | 6.3M | 6.3M | 6.2M | 5.9M | 4.1M | 3.7M | 1.1M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $200.19M | $213.82M | $241.63M | $252.23M | $240.93M | $14.12M | $5.78M | $19.48M |
| Short-term investments | $6.17M | $4.91M | $496.1K | $5.84M | $35.44M | $40.84M | - | - |
| Receivables | $1.10M | $1.59M | $946.5K | $3.33M | $9.87M | $7.21M | $8.13M | - |
| Inventory | $3.64M | $597.1K | $198.8K | $440.1K | $7.14M | $3.85M | $13.09M | - |
| Current assets | $216.19M | $230.77M | $249.56M | $269.11M | $298.83M | $68.60M | $28.83M | - |
| Goodwill | - | $1.28M | - | $2.30M | - | - | - | - |
| Total assets | $256.77M | $275.80M | $298.24M | $344.17M | $385.86M | $144.20M | $82.61M | - |
| Current liabilities | $7.91M | $11.85M | $11.96M | $15.49M | $14.71M | $34.26M | $39.05M | - |
| Long-term debt | - | - | - | $5.76M | $2.00M | $118.8K | - | - |
| Total debt | - | - | - | $5.76M | $2.00M | $118.8K | - | - |
| Total liabilities | $11.73M | $15.44M | $16.92M | $22.38M | $16.88M | $34.38M | $57.04M | - |
| Shareholders' equity | $244.23M | $259.59M | $281.32M | $321.79M | $368.98M | $109.82M | $25.57M | $67.83M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.05M | -$17.61M | -$11.53M | $5.15M | -$15.85M | -$15.54M | -$13.26M | -$108.23M |
| Capital expenditures | $4.50M | $223.1K | $985.8K | $3.80M | $6.15M | $10.83M | $5.83M | $5.94M |
| Free cash flow | -$13.54M | -$17.84M | -$12.52M | $1.35M | -$22.00M | -$26.37M | -$19.09M | -$114.17M |
| Investing cash flow | -$5.37M | -$9.89M | $2.63M | $5.75M | -$6.51M | -$63.18M | -$5.81M | -$6.28M |
| Financing cash flow | - | - | - | - | $248.28M | $92.06M | $8.55M | $13.96M |
| Stock-based compensation | - | -$1.01M | -$153.0K | $3.90M | $707.0K | - | - | - |
| Depreciation and amortization | $2.55M | $2.60M | $3.52M | $10.71M | $6.26M | $7.15M | $8.86M | $4.80M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 11.4% | 20.9% | -85.0% | -37.2% | 170.7% | -82.6% | -65.8% | - |
| Gross margin | 6.0% | 20.3% | -344.0% | 47.7% | 56.8% | -15.3% | -28.0% | 7.7% |
| Operating margin | -387.0% | -517.5% | -1104.8% | -148.4% | 3.9% | -140.2% | -46.4% | -9.7% |
| Net margin | -215.6% | -345.1% | -757.4% | -135.8% | 8.6% | -169.0% | -37.7% | -3.9% |
| Free cash flow margin | -207.2% | -303.9% | -257.8% | 4.2% | -42.8% | -138.8% | -17.5% | -35.8% |
| Return on equity | -5.8% | -7.8% | -13.1% | -13.6% | 1.2% | -29.2% | -160.6% | -18.1% |
| Return on assets | -5.5% | -7.3% | -12.3% | -12.8% | 1.1% | -22.3% | -49.7% | - |
| Current ratio | 27.31 | 19.47 | 20.87 | 17.38 | 20.32 | 2.00 | 0.74 | - |
| Debt to equity | - | - | - | 0.02 | 0.01 | 0.00 | - | - |
Source: XBRL data Ebang International Holdings Inc. files with the SEC, latest filing dated Apr 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-30, first reported Apr 28, 2023.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
EBON peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| EBON | $6.54M | +11.4% | -$14.09M | -215.6% | $10.3M |
| MS | $80.16B | +16.2% | $20.45B | 25.5% | $284.96B |
| GS | $69.70B | +18.7% | $22.17B | 31.8% | $249.73B |
| BLK | $28.54B | +24.7% | $6.91B | 24.2% | $182.05B |
| SCHW | $26.02B | +20.3% | $10.10B | 38.8% | $158.22B |
| CME | $6.97B | +9.0% | $4.43B | 63.5% | $109.49B |
| ICE | $14.05B | +12.1% | $4.16B | 29.6% | $96.27B |
| HOOD | $5.08B | +20.9% | $1.98B | 39.0% | $72.86B |
| NDAQ | $9.15B | +11.5% | $2.08B | 22.8% | $59.44B |
EBON FAQ
9 questionsWhat is EBON revenue?
Ebang International Holdings Inc. (EBON) reported $6.54M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 11.4% from the year before.Is EBON profitable?
No. Ebang International Holdings Inc. reported a net loss of $14.09M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does EBON have?
Ebang International Holdings Inc. reported $200.19M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is EBON revenue growing?
Ebang International Holdings Inc.'s revenue changed +11.4% in fiscal 2025, to $6.54M. Its compound annual growth rate was -19.2% over 5 years.What is EBON gross margin?
Ebang International Holdings Inc.'s gross profit was $394.8K on $6.54M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 6.0%.What is EBON free cash flow?
Ebang International Holdings Inc. generated -$13.54M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$9.05M less capital expenditures.What is EBON earnings per share?
Diluted earnings per share were -$2.24 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did EBON last report financial results?
The latest statements here come from Ebang International Holdings Inc.'s 20-F filed on Apr 24, 2026, covering the period ended Dec 31, 2025.Where does this EBON financial data come from?
Quantisnow builds these statements from the structured XBRL data Ebang International Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.