EZGO revenueFY2025$20.49M
- FY YoY
- +12.4%
- 5Y CAGR
- +6.1%
EZGO revenue was $20.49M for fiscal 2025 (ended Sep 30, 2025), up 12.4% from fiscal 2024. Compound annual growth was +6.1% over 5 years. It rose in 4 of the last 7 fiscal years.
EZGO Technologies Ltd. (EZGO) financials
For fiscal 2025 (ended Sep 30, 2025), EZGO Technologies Ltd. reported $20.49M of revenue and -$8.69M of net income.
- Revenue, FY2025
- $20.49M
- Revenue growth, YoY
- +12.4%
- Net income, FY2025
- -$8.69M
- Net margin
- -42.4%
- Free cash flow, FY2025
- -$4.28M
- EPS, diluted, FY2025
- -$38.40
- Cash
- $517.3K
- Total debt
- $8.06M
- P/S
- 0.14
- Market cap
- $2.9M
FY2018FY2025
FY2018FY2025
FY2018FY2025
EZGO revenue and earnings growth
EZGO net incomeFY2025-$8.69M
EZGO net income was -$8.69M for fiscal 2025 (ended Sep 30, 2025), compared with -$7.28M in fiscal 2024.
EZGO EPSFY2025-$38.40
EZGO diluted EPS was -$38.40 for fiscal 2025 (ended Sep 30, 2025).
EZGO free cash flowFY2025-$4.28M
EZGO free cash flow was -$4.28M for fiscal 2025 (ended Sep 30, 2025), compared with -$14.43M in fiscal 2024.
Income statement
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.49M | $18.22M | $9.16M | $17.39M | $23.42M | $15.24M | $1.37M | $3.19M |
| Cost of revenue | $19.15M | $16.53M | $8.13M | $17.17M | $23.04M | $13.70M | $246.7K | $1.67M |
| Gross profit | $1.33M | $1.70M | $1.03M | $219.0K | $382.5K | $1.54M | $1.12M | $1.52M |
| Research and development | $954.2K | $888.5K | $613.3K | $839.9K | - | - | - | - |
| Selling, general and admin | $2.12M | $2.87M | $3.38M | $4.83M | $2.70M | $1.08M | $319.6K | $458.6K |
| Operating income | -$3.36M | -$2.33M | -$3.19M | -$6.46M | -$3.88M | $72.0K | $775.9K | $1.06M |
| Interest expense | $130.5K | $83.0K | $17.6K | $105.4K | - | - | - | - |
| Pre-tax income | -$8.36M | -$6.60M | -$3.86M | -$6.86M | -$3.80M | $450.4K | $767.1K | $836.8K |
| Income tax | $1.02M | -$786.4K | -$62.4K | $527.1K | -$419.4K | $116.1K | $273.9K | $286.9K |
| Net income | -$8.69M | -$7.28M | -$6.78M | -$6.46M | -$2.94M | $147.2K | $2.19M | $633.7K |
| EPS, basic | -$38.40 | -$69.88 | -$147.84 | -$473.00 | -$270.00 | $20.00 | $230.00 | $70.00 |
| EPS, diluted | -$38.40 | -$69.88 | -$147.84 | -$473.00 | -$270.00 | $20.00 | $230.00 | $70.00 |
| Diluted shares | 226,354 | 104,245 | 45,882 | 13,662.92 | 10,735.606 | 7,800 | 7,800 | 7,800 |
Balance sheet
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $517.3K | $3.42M | $17.25M | $4.41M | $5.89M | $340.5K | $3.63M | $27.4K |
| Short-term investments | - | $1.56M | $685.3K | $702.9K | $2.39M | $2.21M | - | - |
| Receivables | $11.46M | $7.80M | $3.78M | $7.54M | $6.85M | $1.66M | $115.4K | - |
| Inventory | $381.1K | $522.9K | $828.9K | $380.9K | $924.3K | $867.8K | $2.81M | - |
| Current assets | $37.55M | $41.40M | $45.91M | $33.15M | $27.68M | $16.32M | $16.69M | - |
| Goodwill | - | $1.78M | $3.06M | - | - | - | - | - |
| Total assets | $69.06M | $85.36M | $81.91M | $47.51M | $42.01M | $19.82M | $19.17M | - |
| Current liabilities | $11.68M | $16.89M | $11.04M | $13.97M | $9.48M | $6.67M | $6.83M | - |
| Short-term debt | $1.63M | $634.1K | $1.00M | $2.81M | $310.4K | $299.3K | $20.5K | - |
| Long-term debt | $6.43M | $7.46M | $4.39M | - | - | - | $6.8K | - |
| Total debt | $8.06M | $8.10M | $5.39M | $2.81M | - | - | $27.3K | - |
| Total liabilities | $18.11M | $24.38M | $15.42M | $13.97M | $9.48M | $6.67M | $6.84M | - |
| Shareholders' equity | $48.39M | $58.57M | $66.48M | $33.54M | $32.54M | $13.15M | $12.33M | $6.62M |
Cash flow
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.21M | -$10.31M | -$1.89M | -$10.36M | -$6.26M | $4.02M | -$2.70M | $952.5K |
| Capital expenditures | $2.08M | $4.12M | $3.25M | - | $6.72M | $2.34M | $1.26M | $42.1K |
| Free cash flow | -$4.28M | -$14.43M | -$5.14M | - | -$12.98M | $1.68M | -$3.96M | $910.4K |
| Investing cash flow | -$3.50M | -$11.24M | -$21.19M | -$4.48M | -$11.04M | -$3.35M | -$1.92M | -$52.8K |
| Financing cash flow | $1.78M | $8.63M | $36.17M | $14.24M | $22.76M | -$4.00M | $8.22M | -$892.1K |
| Stock-based compensation | $148.8K | $379.5K | $1.26M | $440.6K | - | - | - | - |
| Depreciation and amortization | $665.8K | $666.7K | $452.4K | $1.00M | $469.8K | $85.7K | $3.6K | $599.0K |
Key ratios
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 12.4% | 98.9% | -47.3% | -25.8% | 53.7% | 1011.7% | -57.0% | - |
| Net income growth, YoY | - | - | - | - | - | -93.3% | 245.8% | - |
| EPS growth, YoY | - | - | - | - | - | -91.3% | 228.6% | - |
| Gross margin | 6.5% | 9.3% | 11.3% | 1.3% | 1.6% | 10.1% | 82.0% | 47.7% |
| Operating margin | -16.4% | -12.8% | -34.8% | -37.2% | -16.6% | 0.5% | 56.6% | 33.2% |
| Net margin | -42.4% | -40.0% | -74.0% | -37.2% | -12.6% | 1.0% | 159.8% | 19.9% |
| Free cash flow margin | -20.9% | -79.2% | -56.1% | - | -55.4% | 11.0% | -288.6% | 28.5% |
| Return on equity | -18.0% | -12.4% | -10.2% | -19.3% | -9.0% | 1.1% | 17.8% | 9.6% |
| Return on assets | -12.6% | -8.5% | -8.3% | -13.6% | -7.0% | 0.7% | 11.4% | - |
| Current ratio | 3.21 | 2.45 | 4.16 | 2.37 | 2.92 | 2.45 | 2.44 | - |
| Debt to equity | 0.17 | 0.14 | 0.08 | 0.08 | - | - | 0.00 | - |
Source: XBRL data EZGO Technologies Ltd. files with the SEC, latest filing dated Dec 30, 2025 (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-40, first reported Jan 17, 2025; 1-for-25, first reported Dec 30, 2025.
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.
EZGO peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| EZGO | $20.49M | +12.4% | -$8.69M | -42.4% | $2.9M |
| LKQ | $13.51B | -0.4% | $254.00M | 1.9% | $5.05B |
| HOG | $3.98B | -14.6% | -$133.44M | -3.4% | $3.43B |
| FOXF | $1.43B | -2.2% | -$407.56M | -28.6% | $738.5M |
| LVWR | $33.45M | +33.4% | -$72.58M | -217.0% | $97.6M |
| INEO | $58.42M | -6.9% | -$397.0K | -0.7% | $9.5M |
| LOBO | $23.22M | +9.6% | -$5.48M | -23.6% | $5.4M |
| CTNT | $1.42M | +26.5% | -$2.93M | -206.8% | $2.4M |
EZGO FAQ
9 questionsWhat is EZGO revenue?
EZGO Technologies Ltd. (EZGO) reported $20.49M of revenue for fiscal 2025 (ended Sep 30, 2025). That is up 12.4% from the year before.Is EZGO profitable?
No. EZGO Technologies Ltd. reported a net loss of $8.69M for fiscal 2025 (ended Sep 30, 2025).How much cash and debt does EZGO have?
EZGO Technologies Ltd. reported $517.3K in cash and cash equivalents and $8.06M of debt on its most recent balance sheet in SEC filings.How fast is EZGO revenue growing?
EZGO Technologies Ltd.'s revenue changed +12.4% in fiscal 2025, to $20.49M. Its compound annual growth rate was +6.1% over 5 years.What is EZGO gross margin?
EZGO Technologies Ltd.'s gross profit was $1.33M on $20.49M of revenue for fiscal 2025 (ended Sep 30, 2025), a gross margin of 6.5%.What is EZGO free cash flow?
EZGO Technologies Ltd. generated -$4.28M of free cash flow for fiscal 2025 (ended Sep 30, 2025), which is operating cash flow of -$2.21M less capital expenditures.What is EZGO earnings per share?
Diluted earnings per share were -$38.40 for fiscal 2025 (ended Sep 30, 2025), from SEC filings, restated for any stock split those filings show.When did EZGO last report financial results?
The latest statements here come from EZGO Technologies Ltd.'s 20-F filed on Dec 30, 2025, covering the period ended Sep 30, 2025.Where does this EZGO financial data come from?
Quantisnow builds these statements from the structured XBRL data EZGO Technologies Ltd. files with the SEC. It is provided for information only and is not investment advice.