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Ebang International Holdings Inc.

EBON Clue Score33
United States Fiscal year ends December CIK 0001799290
$1.83 +0.00% Close, 12 Oct 2026
Price $1.83 +8.28% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 26 Jun 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue319.0Operating income−31.1Net income−12.3EPS, diluted−0.36Fiscal year 2019Revenue109.1 −65.8%Operating income−50.6Net income−42.4EPS, diluted−0.38Fiscal year 2020Revenue19.0 −82.6%Operating income−26.6Net income−32.1EPS, diluted−7.55Fiscal year 2021Revenue51.5 +170.7%Operating income2.0Net income4.4EPS, diluted0.75Fiscal year 2022Revenue32.3 −37.2%Operating income−48.0Net income−43.9 −1,090.5%EPS, diluted−7.03Fiscal year 2023Revenue4.9 −85.0%Operating income−53.6Net income−36.8EPS, diluted−5.86Fiscal year 2024Revenue5.9 +20.9%Operating income−30.4Net income−20.3EPS, diluted−3.22Fiscal year 2025Revenue6.5 +11.4%Operating income−25.3Net income−14.1EPS, diluted−2.24
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 319.0 109.1 19.0 51.5 32.3 4.9 5.9 6.5
Growth −65.8% −82.6% +170.7% −37.2% −85.0% +20.9% +11.4%
Operating income −31.1 −50.6 −26.6 2.0 −48.0 −53.6 −30.4 −25.3
Net income −12.3 −42.4 −32.1 4.4 −43.9 −36.8 −20.3 −14.1
Growth −1,090.5%
EPS, diluted −0.36 −0.38 −7.55 0.75 −7.03 −5.86 −3.22 −2.24

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin7.7%Operating margin−9.7%Net margin−3.9%Free cash flow margin−35.8%Fiscal year 2019Gross margin−28.0%Operating margin−46.4%Net margin−38.9%Free cash flow margin−17.5%Fiscal year 2020Gross margin−15.3%Operating margin−140.2%Net margin−169.0%Free cash flow margin−138.8%Fiscal year 2021Gross margin56.8%Operating margin3.9%Net margin8.6%Free cash flow margin−42.8%Fiscal year 2022Gross margin47.7%Operating margin−148.4%Net margin−135.8%Free cash flow margin4.2%Fiscal year 2023Gross margin−344.0%Operating margin−1,104.8%Net margin−757.4%Free cash flow margin−257.8%Fiscal year 2024Gross margin20.3%Operating margin−517.5%Net margin−345.1%Free cash flow margin−303.9%Fiscal year 2025Gross margin6.0%Operating margin−387.0%Net margin−215.6%Free cash flow margin−207.2%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 7.7% −28.0% −15.3% 56.8% 47.7% −344.0% 20.3% 6.0%
Operating margin −9.7% −46.4% −140.2% 3.9% −148.4% −1,104.8% −517.5% −387.0%
Net margin −3.9% −38.9% −169.0% 8.6% −135.8% −757.4% −345.1% −215.6%
Free cash flow margin −35.8% −17.5% −138.8% −42.8% 4.2% −257.8% −303.9% −207.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−108.2Capital expenditure−5.9Free cash flow−114.2Fiscal year 2019Operating cash flow−13.3Capital expenditure−5.8Free cash flow−19.1Fiscal year 2020Operating cash flow−15.5Capital expenditure−10.8Free cash flow−26.4Fiscal year 2021Operating cash flow−15.8Capital expenditure−6.2Free cash flow−22.0Fiscal year 2022Operating cash flow5.2Capital expenditure−3.8Free cash flow1.3Fiscal year 2023Operating cash flow−11.5Capital expenditure−1.0Free cash flow−12.5 −1,027.5%Fiscal year 2024Operating cash flow−17.6Capital expenditure−0.2Free cash flow−17.8Fiscal year 2025Operating cash flow−9.0Capital expenditure−4.5Free cash flow−13.5
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −108.2 −13.3 −15.5 −15.8 5.2 −11.5 −17.6 −9.0
Capital expenditure −5.9 −5.8 −10.8 −6.2 −3.8 −1.0 −0.2 −4.5
Free cash flow −114.2 −19.1 −26.4 −22.0 1.3 −12.5 −17.8 −13.5
Growth −1,027.5%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash19.5Shareholders’ equity67.8Fiscal year 2019Cash3.5Shareholders’ equity25.6Fiscal year 2020Cash13.7Total debt0.8Net cash (debt)12.9Shareholders’ equity109.8Debt to equity0.01Fiscal year 2021Cash239.9Shareholders’ equity369.0Fiscal year 2022Cash251.3Shareholders’ equity318.9Fiscal year 2023Cash241.6Shareholders’ equity279.8Fiscal year 2024Cash213.8Shareholders’ equity259.6Fiscal year 2025Cash200.2Shareholders’ equity244.2
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 19.5 3.5 13.7 239.9 251.3 241.6 213.8 200.2
Total debt n/a n/a 0.8 n/a n/a n/a n/a n/a
Net cash (debt) n/a n/a 12.9 n/a n/a n/a n/a n/a
Shareholders’ equity 67.8 25.6 109.8 369.0 318.9 279.8 259.6 244.2
Debt to equity n/a n/a 0.01 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019† 31 Dec 2019 FY2020† 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
19.5 3.5 13.7 239.9 251.3 241.6 213.8 200.2
n/a 8.1 7.2 9.9 3.3 0.9 1.6 1.1
n/a 13.1 3.8 7.1 0.4 0.2 0.6 3.6
n/a 13.2 29.1 33.3 36.5 33.2 29.9 29.8
n/a n/a n/a n/a 2.3 n/a 1.3 n/a
n/a 82.6 144.2 385.9 344.2 298.2 275.8 256.8
Growth +74.6% +167.6% −10.8% −13.3% −7.5% −6.9%
Liabilities
n/a n/a 0.8 n/a n/a n/a n/a n/a
calc n/a n/a 0.8 n/a n/a n/a n/a n/a
n/a 57.0 34.4 16.9 22.4 16.9 15.4 11.7
Equity
n/a −7.9 −38.6 −34.2 −78.1 −114.8 −135.1 −149.2
67.8 25.6 109.8 369.0 318.9 279.8 259.6 244.2
Growth −62.3% +329.5% +236.0% −13.6% −12.3% −7.2% −5.9%
Per share and net cash
calc n/a n/a 12.9 n/a n/a n/a n/a n/a
n/a 111.8 n/a n/a n/a n/a n/a n/a
calc n/a 0.23 n/a n/a n/a n/a n/a n/a

† The diluted share count jumps at 2019 and 2020, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how.