EHang Holdings (EH) Research & Development (2018 - 2025)

EHang Holdings (EH) recorded quarterly Research & Development of -$7.0 million in Q4 2025, up 1.28% quarter-over-quarter from -$7.1 million in Q3 2025, and up 8.44% on a YoY basis from -$6.5 million in Q4 2024.

EHang Holdings (EH) Research & Development (2018 - 2025) Analysis & Trends

EHang Holdings' Research & Development history runs 8 years deep, the most recent figure standing at -$7.0 million for Q4 2025.

  • In Q4 2025, Research & Development rose 8.44% year-over-year to -$7.0 million; the TTM figure through Dec 2025 stood at -$27.3 million (up 1.28% YoY), while the FY2025 annual figure was $27.8 million, up 1.82% from the prior year.
  • Research & Development was -$7.0 million for Q4 2025 at EHang Holdings, up from -$7.1 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of -$4.3 million in Q1 2021 to a low of -$8.5 million in Q2 2024.
  • Historically, Research & Development has averaged -$6.0 million across 5 years, with a median of -$5.4 million in 2022.
  • The sharpest annual moves came in 2021 and 2024: Research & Development sank 106.18% in 2021, then jumped 33.45% in 2024.
  • A 5-year view of Research & Development shows it stood at -$6.1 million in 2021, then climbed by 11.72% to -$5.4 million in 2022, then climbed by 0.13% to -$5.4 million in 2023, then tumbled by 42.72% to -$7.7 million in 2024, then gained by 8.44% to -$7.0 million in 2025.
  • The last three Research & Development figures came in at -$7.0 million (Q4 2025), -$7.1 million (Q3 2025), and -$8.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 DEFSEC Technologies 5,320.77 Bn 5,320.77 Bn 456,459.43 406,069.86
2 General Electric 345.72 Bn 334.98 Bn 9.11 Bn 440.00 Mn
3 Rtx 244.58 Bn 239.48 Bn 9.08 Bn 627.00 Mn
4 Boeing 169.13 Bn 148.22 Bn 2.55 Bn 903.00 Mn
5 Lockheed Martin 121.80 Bn 119.90 Bn 2.08 Bn -
6 Howmet Aerospace 102.93 Bn 100.49 Bn 854.00 Mn 9.00 Mn
7 General Dynamics 93.39 Bn 89.74 Bn 9.09 Bn -
8 Embraer 87.17 Bn 84.54 Bn - -
9 Northrop Grumman 77.69 Bn 75.60 Bn 3.45 Bn -
10 EHang Holdings 138,857.34 -154.98 Mn 21.64 Mn -7.02 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -7.02 Mn
Sep 30, 2025 -7.11 Mn
Jun 30, 2025 -8.04 Mn
Mar 31, 2025 -5.14 Mn
Dec 31, 2024 -7.67 Mn
Sep 30, 2024 -6.25 Mn
Jun 30, 2024 -8.50 Mn
Mar 31, 2024 -5.24 Mn
Dec 31, 2023 -5.37 Mn
Sep 30, 2023 -5.17 Mn
Jun 30, 2023 -5.16 Mn
Mar 31, 2023 -7.87 Mn
Dec 31, 2022 -5.38 Mn
Sep 30, 2022 -4.39 Mn
Jun 30, 2022 -5.19 Mn
Mar 31, 2022 -5.05 Mn
Dec 31, 2021 -6.09 Mn
Sep 30, 2021 -6.01 Mn
Jun 30, 2021 -4.92 Mn
Mar 31, 2021 -4.25 Mn