Ebang International Holdings Inc. EBON
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Market cap
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52-week range
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-2.24
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M | $5.9M | $4.9M | $32.3M | $51.5M | $9.7M | $93.3M | $310.9M | — |
| Cost of revenue | $6.1M | $4.7M | $21.6M | $16.9M | $22.2M | $21.9M | $272.0M | $294.6M | — |
| Gross profit | $394.8K | $1.2M | -$16.7M | $15.4M | $29.2M | -$2.9M | -$30.6M | $24.4M | — |
| R&D | $4.1M | $5.4M | $7.4M | $5.1M | $6.6M | — | — | — | — |
| SG&A | $22.7M | $30.5M | $29.0M | $40.7M | $25.8M | $22.8M | $18.9M | $51.4M | — |
| Total operating expenses | $25.7M | $31.6M | $36.9M | $63.4M | $27.2M | $23.7M | $20.1M | $55.5M | — |
| Operating income | -$25.3M | -$30.4M | -$53.6M | -$48.0M | $2.0M | -$26.6M | -$50.6M | -$31.1M | — |
| Pre-tax income | -$14.5M | -$20.9M | -$39.1M | -$45.8M | $2.4M | -$22.9M | -$40.7M | -$10.9M | — |
| Income tax | $321.0K | $42.5K | $1.0M | $72.9K | $378.8K | $9.3M | $400.3K | $899.6K | — |
| Net income | -$14.1M | -$20.3M | -$36.8M | -$43.9M | $4.4M | -$32.1M | -$41.1M | -$12.3M | — |
| EPS, basic | -2.24 | -3.22 | -5.86 | -7.03 | 0.75 | -7.55 | -0.38 | -0.36 | — |
| EPS, diluted | -2.24 | -3.22 | -5.86 | -7.03 | 0.75 | -7.55 | -0.38 | -0.36 | — |
| Shares, diluted (wtd. avg.) | 6.3M | 6.3M | 6.3M | 6.2M | 5.9M | 4.1M | 111.8M | 33.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $200.2M | $213.8M | $241.6M | $252.2M | $240.9M | $14.1M | $5.8M | $19.5M | $133.0M |
| Short-term investments | $6.2M | $4.9M | $496.1K | $5.8M | $35.4M | $40.8M | — | — | — |
| Receivables | $1.1M | $1.6M | $946.5K | $3.3M | $9.9M | $7.2M | $8.1M | — | — |
| Inventory | $3.6M | $597.1K | $198.8K | $440.1K | $7.1M | $3.8M | $13.1M | — | — |
| Total current assets | $216.2M | $230.8M | $249.6M | $269.1M | $298.8M | $68.6M | $28.8M | — | — |
| Property, plant and equipment | $29.8M | $29.9M | $33.2M | $36.5M | $33.3M | $29.1M | $13.2M | — | — |
| Goodwill | — | $1.4M | — | $2.3M | — | — | — | — | — |
| Other intangibles | $2.2M | $3.3M | $2.3M | $6.9M | $22.5M | $23.1M | $3.8M | — | — |
| Total assets | $256.8M | $275.8M | $298.2M | $344.2M | $385.9M | $144.2M | $82.6M | — | — |
| Accounts payable | $436.1K | $286.1K | $292.6K | $1.5M | $3.4M | $2.8M | $11.8M | — | — |
| Total current liabilities | $7.9M | $11.9M | $12.0M | $15.5M | $14.7M | $34.3M | $39.0M | — | — |
| Long-term debt | — | — | — | — | — | $766.0K | — | — | — |
| Total liabilities | $11.7M | $15.4M | $16.9M | $22.4M | $16.9M | $34.4M | $57.0M | — | — |
| Retained earnings | -$149.2M | -$135.1M | -$114.8M | -$78.1M | -$34.2M | -$38.6M | -$7.9M | — | — |
| Total equity | $244.2M | $259.6M | $281.3M | $321.8M | $369.0M | $109.8M | $25.6M | $67.8M | $96.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.0M | -$17.6M | -$11.5M | $5.2M | -$15.8M | -$15.5M | -$13.3M | -$108.2M | — |
| Depreciation and amortisation | $2.6M | $2.6M | $3.5M | $10.7M | $6.3M | $6.3M | $8.0M | $3.9M | — |
| Stock-based compensation | — | -$1.0M | -$153.0K | $3.9M | $707.0K | — | — | — | — |
| Capital expenditure | $4.5M | $223.1K | $985.8K | $3.8M | $6.2M | $10.8M | $5.8M | $5.9M | — |
| Investing cash flow | -$5.4M | -$9.9M | $2.6M | $5.8M | -$6.5M | -$63.2M | -$5.8M | -$6.3M | — |
| Financing cash flow | — | — | — | — | $248.3M | $92.1M | $8.5M | $14.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-047509.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $310.9M | $93.3M | $9.7M | $51.5M | $32.3M | $4.9M | $5.9M | $6.5M |
| Gross profit | — | $24.4M | -$30.6M | -$2.9M | $29.2M | $15.4M | -$16.7M | $1.2M | $394.8K |
| Net income | — | -$12.3M | -$41.1M | -$32.1M | $4.4M | -$43.9M | -$36.8M | -$20.3M | -$14.1M |
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