EHang Holdings (EH) EBITDA (2018 - 2025)

EHang Holdings (EH) recorded quarterly EBITDA of -$4.4 million in Q4 2025, up 64.68% quarter-over-quarter from -$12.5 million in Q3 2025, and down 20.0% on a YoY basis from -$5.5 million in Q4 2024.

EHang Holdings (EH) EBITDA (2018 - 2025) Analysis & Trends

EHang Holdings' EBITDA history runs 8 years deep, the most recent figure standing at -$4.4 million for Q4 2025.

  • In Q4 2025, EBITDA fell 20.0% year-over-year to -$4.4 million; the TTM figure through Dec 2025 stood at -$39.9 million (down 30.61% YoY), while the FY2025 annual figure was -$42.7 million, down 42.27% from the prior year.
  • EBITDA was -$4.4 million for Q4 2025 at EHang Holdings, up from -$12.5 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$3.7 million in Q4 2024 to a low of -$17.3 million in Q4 2021.
  • Historically, EBITDA has averaged -$10.4 million across 5 years, with a median of -$10.3 million in 2023.
  • The sharpest annual moves came in 2021 and 2024: EBITDA plunged 1026.12% in 2021, then surged 65.97% in 2024.
  • A 5-year view of EBITDA shows it stood at -$17.3 million in 2021, then rose by 6.74% to -$16.1 million in 2022, then jumped by 32.85% to -$10.8 million in 2023, then soared by 65.97% to -$3.7 million in 2024, then dropped by 20.0% to -$4.4 million in 2025.
  • The last three EBITDA figures came in at -$4.4 million (Q4 2025), -$12.5 million (Q3 2025), and -$11.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 DEFSEC Technologies 5,320.77 Bn 5,320.77 Bn 456,459.43 -1.49 Mn
2 General Electric 345.72 Bn 334.98 Bn 9.11 Bn -1.07 Bn
3 Rtx 244.58 Bn 239.48 Bn 9.08 Bn 2.56 Bn
4 Boeing 169.13 Bn 148.22 Bn 2.55 Bn 448.00 Mn
5 Lockheed Martin 121.80 Bn 119.90 Bn 2.08 Bn 2.06 Bn
6 Howmet Aerospace 102.93 Bn 100.49 Bn 854.00 Mn 753.00 Mn
7 General Dynamics 93.39 Bn 89.74 Bn 9.09 Bn 1.42 Bn
8 Embraer 87.17 Bn 84.54 Bn - -
9 Northrop Grumman 77.69 Bn 75.60 Bn 3.45 Bn 870.00 Mn
10 EHang Holdings 138,857.34 -154.98 Mn 21.64 Mn -4.43 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -4.43 Mn
Sep 30, 2025 -12.53 Mn
Jun 30, 2025 -11.87 Mn
Mar 31, 2025 -11.08 Mn
Dec 31, 2024 -3.69 Mn
Sep 30, 2024 -8.72 Mn
Jun 30, 2024 -9.47 Mn
Mar 31, 2024 -8.68 Mn
Dec 31, 2023 -10.84 Mn
Sep 30, 2023 -9.15 Mn
Jun 30, 2023 -9.76 Mn
Mar 31, 2023 -12.78 Mn
Dec 31, 2022 -16.15 Mn
Sep 30, 2022 -9.24 Mn
Jun 30, 2022 -9.17 Mn
Mar 31, 2022 -11.03 Mn
Dec 31, 2021 -17.31 Mn
Sep 30, 2021 -11.02 Mn
Jun 30, 2021 -12.45 Mn
Mar 31, 2021 -9.24 Mn