← EHang Holdings Ltd
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $61.5m | $321.7m | $137.8m | $246.9m | $249.3m | $228.2m | $610.9m | $256.4m | |
| Short-term investments | — | $7.7m | $49.3m | $65.1m | $0 | $57.5m | $513.7m | $843.2m | |
| Accounts receivable, net of expected credit losses of RMB103,340 and RMB111,259 (US$15,910) as of December 31, 2024 and 2025, respectively (including amounts due from related parties, net, of RMB458 and RMB5,188 (US$741) as of December 31, 2024 and 2025) | $2.5m | $41.1m | $163.1m | $56.2m | $20.3m | $34.8m | $58.2m | $111.7m | |
| Inventories | $3.9m | $18.5m | $47.1m | $78.1m | $72.4m | $59.5m | $75.7m | $101.6m | |
| Prepayments and other current assets (including amounts due from a related party, net, of nil and RMB2,070 (US$296) as of December 31, 2024 and 2025) | $15.4m | $20.6m | $21.4m | $29.4m | $45.2m | $24.7m | $68.3m | $140.9m | |
| Total current assets | $101.8m | $428.5m | $424.5m | $477.1m | $387.2m | $453.0m | $1.4b | $1.5b | |
| Property and equipment, net | $19.1m | $16.3m | $20.9m | $33.8m | $47.1m | $44.6m | $60.2m | $258.1m | |
| Intangible assets, net | $395k | $1.2m | $1.1m | $745k | $2.0m | $2.4m | $2.6m | $2.7m | |
| Right-of-use assets, net | — | — | — | $0 | $73.5m | $74.5m | $128.4m | $116.5m | |
| Restricted short-term deposits | — | — | — | — | $0 | $33.9m | $30.3m | $29.7m | |
| Land use right, net | — | — | — | — | — | — | $0 | $11.3m | |
| Investments accounted for using equity method | — | — | — | — | — | — | $23.9m | $28.8m | |
| Other investments | — | — | — | — | — | — | $9.9m | $45.3m | |
| Deferred tax assets | $135k | $184k | $0 | — | — | — | $0 | $7.0m | |
| Other non-current assets | $272k | $252k | $20.3m | $2.4m | $1.4m | $1.4m | $2.4m | $38.3m | |
| Total non-current assets | $22.9m | $20.9m | $60.1m | $58.3m | $143.7m | $145.6m | $227.5m | $508.0m | |
| Short-term bank loans | $5.0m | $5.0m | $15.0m | $10.0m | $49.8m | $69.8m | $64.2m | $229.6m | |
| Contract liabilities (including amounts due to related parties of RMB2,000 and RMB2,307 (US$330) as of December 31, 2024 and 2025) | $5.9m | $9.9m | $7.5m | $14.8m | $19.3m | $37.2m | $62.6m | $60.8m | |
| Current portion of long-term bank loans | — | — | — | $3.0m | $13.2m | $3.5m | $10.5m | $9.8m | |
| Mandatorily redeemable non-controlling interests | — | — | $40.0m | $40.0m | $40.0m | $40.0m | $0 | $0 | |
| Current portion of lease liabilities | — | — | — | — | $5.5m | $5.6m | $12.5m | $16.3m | |
| Deferred income | — | — | $3.0m | $2.2m | $2.9m | $1.5m | $0 | $817k | |
| Deferred government subsidies | $220k | $140k | $60k | $468k | $2.0m | $3.1m | $1.2m | $684k | |
| Income taxes payable | — | $5k | — | $4k | $7k | $29k | $150k | $1.8m | |
| Long-term bank loans | — | $32.5m | — | $17.0m | $3.8m | $9.3m | $20.5m | $82.7m | |
| Unrecognized tax benefit | $4.9m | $5.5m | $5.5m | $5.5m | $5.5m | $5.5m | $5.5m | $5.5m | |
| Lease liabilities | — | — | — | — | $69.9m | $75.3m | $125.7m | $114.2m | |
| Other non-current liabilities | — | — | — | — | $1.4m | $2.5m | $6.3m | $4.7m | |
| Total non-current liabilities | $5.4m | $38.5m | $48.8m | $64.9m | $123.8m | $134.4m | $158.3m | $207.4m | |
| Additional paid-in capital | $89.2m | $1.0b | $1.1b | $1.5b | $1.6b | $2.0b | $2.9b | $3.3b | |
| Treasury shares | — | — | — | — | — | $0 | ($10.1m) | ($10.1m) | |
| Statutory reserves | $485k | $1.0m | $1.0m | $1.2m | $1.2m | $1.2m | $1.8m | $3.3m | |
| Non-controlling interests | $3.2m | $3.8m | $1.4m | $1.4m | $420k | $427k | $171k | ($585k) | |
| Total EHang Holdings Limited shareholders' equity | ($545.5m) | $311.6m | $276.3m | $332.6m | $124.3m | $213.8m | $955.6m | $1.1b | |
| Total shareholders' equity | ($542.3m) | $315.4m | $277.7m | $334.0m | $124.7m | $214.2m | $955.8m | $1.1b | |
| Total assets | $124.7m | $449.4m | $484.5m | $535.4m | $530.9m | $598.6m | $1.6b | $2.0b | |
| Accounts payable | $14.7m | $27.3m | $53.1m | $45.6m | $35.5m | $35.1m | $127.4m | $132.5m | |
| Accrued expenses and other liabilities | $31.2m | $53.3m | $81.6m | $61.9m | $97.8m | $94.1m | $150.2m | $263.4m | |
| Total current liabilities | $56.8m | $95.6m | $158.0m | $136.4m | $282.3m | $250.1m | $470.3m | $715.8m | |
| Deferred tax liabilities | $292k | $292k | $292k | $292k | $292k | $292k | $292k | $292k | |
| Total liabilities | $62.2m | $134.1m | $206.8m | $201.4m | $406.2m | $384.4m | $628.7m | $923.2m | |
| Common stock | $35k | $72k | $72k | $75k | $75k | $80k | $90k | $92k | |
| Accumulated deficit | ($644.1m) | ($720.4m) | ($808.0m) | ($1.1b) | ($1.5b) | ($1.8b) | ($2.0b) | ($2.3b) | |
| Accumulated other comprehensive income | $8.8m | $10.2m | $1.9m | ($5.9m) | $15.0m | $15.1m | $25.5m | $2.6m | |
| Total liabilities and shareholders' equity | $124.7m | $449.4m | $484.5m | $535.4m | $530.9m | $598.6m | $1.6b | $2.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.