EHang Holdings (EH) Operating Expenses (2018 - 2026)

EHang Holdings' (EH) quarterly Operating Expenses came in at -$22.0 million in Q1 2026, down 44.01% year-on-year from -$39.3 million in Q1 2025, and up 3.9% quarter-over-quarter from -$22.9 million in Q4 2025.

EHang Holdings (EH) Operating Expenses (2018 - 2026) Analysis & Trends

EHang Holdings' Operating Expenses history runs 9 years deep, the most recent figure standing at -$22.0 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 44.01% year-over-year to -$22.0 million in Q1 2026; TTM through Mar 2026 was -$90.2 million, a 14.78% decrease from a year earlier, with the FY2025 full-year figure at $83.8 million, up 8.52% from the prior year.
  • Operating Expenses grew to -$22.0 million in Q1 2026 per EH's latest filing, from -$22.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at -$10.8 million in Q1 2022 and bottomed at -$24.1 million in Q2 2025.
  • The 5-year median for Operating Expenses is -$15.3 million (2025), against an average of -$16.9 million.
  • Across the five-year window, Operating Expenses rose 15.51% in 2022 and plunged 74.54% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at -$15.1 million in 2022, then declined by 6.89% to -$16.1 million in 2023, then plunged by 37.15% to -$22.1 million in 2024, then declined by 3.51% to -$22.9 million in 2025, then increased by 3.9% to -$22.0 million in 2026.
  • Per Business Quant, the three latest EH Operating Expenses figures stand at -$22.0 million (Q1 2026), -$22.9 million (Q4 2025), and -$21.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 369.74 Bn 360.40 Bn -3.10 Bn 10.86 Bn
2 Rtx 286.79 Bn 278.48 Bn 9.91 Bn 21.96 Bn
3 Boeing 168.91 Bn 148.89 Bn 2.41 Bn 2.35 Bn
4 Lockheed Martin 132.03 Bn 128.24 Bn 2.45 Bn -
5 Howmet Aerospace 111.81 Bn 109.37 Bn 854.00 Mn 27.00 Mn
6 General Dynamics 101.89 Bn 97.56 Bn 6.76 Bn 12.63 Bn
7 Northrop Grumman 75.58 Bn 73.27 Bn 3.72 Bn 9.78 Bn
8 TransDigm 72.49 Bn 68.61 Bn 1.51 Bn 273.00 Mn
9 L3Harris Technologies 50.52 Bn 49.93 Bn 1.40 Bn 750.00 Mn
10 EHang Holdings 761,961.01 -139.30 Mn 2.33 Mn -22.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -22.00 Mn
Dec 31, 2025 -22.89 Mn
Sep 30, 2025 -21.18 Mn
Jun 30, 2025 -24.14 Mn
Mar 31, 2025 -15.28 Mn
Dec 31, 2024 -22.11 Mn
Sep 30, 2024 -21.48 Mn
Jun 30, 2024 -19.73 Mn
Mar 31, 2024 -14.92 Mn
Dec 31, 2023 -16.12 Mn
Sep 30, 2023 -12.30 Mn
Jun 30, 2023 -11.31 Mn
Mar 31, 2023 -13.33 Mn
Dec 31, 2022 -15.09 Mn
Sep 30, 2022 -11.31 Mn
Jun 30, 2022 -12.92 Mn
Mar 31, 2022 -10.76 Mn
Dec 31, 2021 -17.69 Mn
Sep 30, 2021 -13.39 Mn
Jun 30, 2021 -13.22 Mn