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| Date | Value |
|---|---|
| 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 |