EH on Nasdaq

EHang

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

Guangzhou EHang Intelligent Technology Co. Ltd.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

$59.8MRevenue, fiscal 20255
-$39.5MNet income, fiscal 20255
Jan 1, 2014Founded1

Compare with CPI AEROSTRUCTURES INC, Park Electrochemical Corp or AIR INDUSTRIES GROUP, or pick any stock.

  • TickerEH on Nasdaq1
  • Industryaerospace engineering, aerospace industry1
  • HeadquartersPeople's Republic of China1
  • Websiteehang.com
  • Legal formpublic company1
  • Listed onNasdaq (EH), Nasdaq (EH)1
  • Incorporated inCayman Islands6
  • Business addressEhang Future City (Group Headquarters), No. 118 Dongjiang Ave., Huangpu District, Guangzhou6
  • Filer categoryLarge accelerated filer6
Ehang184
Photo: Alex Butterfield, CC BY 2.0, via Wikimedia Commons8

Guangzhou EHang Intelligent Technology Co. Ltd. (Chinese: 广州亿航智能技术有限公司) is a company based in Guangzhou, China that develops and manufactures autonomous aerial vehicles (AAVs) and passenger AAVs which have entered service in China for aerial cinematography, photography, emergency response, and survey missions.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

61.5%Gross margin5
-75.8%Operating margin5
-66.0%Net margin5
-4.4%Revenue growth, 20255
-25.8%Return on equity5
0.08×Debt to equity5
-$46.8MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Products Air Mobility Solutions brought in 95% of the revenue EHang broke down this way in fiscal 2025.

  1. Products Air Mobility Solutions390.5M CNY595%down 11% from 2024
  2. Others Products14.5M CNY54%up 1208% from 2024
  3. Air mobility solutions4.6M CNY51%up 22% from 2024
Products and services by year
Products and services202320242025
Products Air Mobility Solutions99.5M CNY439.5M CNY390.5M CNY
Others Products1.5M CNY1.1M CNY14.5M CNY
Air mobility solutions5.3M CNY3.8M CNY4.6M CNY

Regions

China brought in 96% of the revenue EHang broke down this way in fiscal 2025.

  1. China402.3M CNY596%down 7% from 2024
  2. East Asia14.4M CNY53%up 375% from 2024
  3. West Asia564.0K CNY50%down 96% from 2024
  4. Europe372.0K CNY50%up 16% from 2024
  5. South Asia217.0K CNY50%
  6. East Africa126.0K CNY50%
Regions by year
Regions202320242025
China96.6M CNY431.3M CNY402.3M CNY
East Asia6.0M CNY3.0M CNY14.4M CNY
West Asia9.2M CNY14.5M CNY564.0K CNY
Europe501.0K CNY321.0K CNY372.0K CNY
South Asia0 CNY0 CNY217.0K CNY
East Africa0 CNY0 CNY126.0K CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue38¢$23.0M
  • Research and development47¢$27.8M
  • Other costs14¢$8.3M
  • Income tax1¢$630.0K

Out of $59.8M in revenue.5 The company lost money this year.

Financial statements

Revenue910111213145$59.8M in 2025+242% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $17.5M$17.5M20192020: $27.6M$27.6M2020+58%2021: $8.9M$8.9M2021−68%2022: $6.4M$6.4M2022−28%2023: $16.5M$16.5M2023+157%2024: $62.5M$62.5M2024+278%2025: $59.8M$59.8M2025−4%
Gross profit910111213145$36.8M in 2025+259% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $10.2M$10.2M20192020: $16.3M$16.3M2020+59%2021: $5.7M$5.7M2021−65%2022: $4.2M$4.2M2022−25%2023: $10.6M$10.6M2023+150%2024: $38.4M$38.4M2024+262%2025: $36.8M$36.8M2025−4%
Operating income910111213145-$45.3M in 2025+580% since 2019
-$60.0M-$40.0M-$20.0M02019: -$6.7M-$6.7M20192020: -$14.0M-$14.0M2020+110%2021: -$50.3M-$50.3M2021+259%2022: -$44.1M-$44.1M2022−12%2023: -$41.7M-$41.7M2023−5%2024: -$34.8M-$34.8M2024−17%2025: -$45.3M-$45.3M2025+30%
Net income910111213145-$39.5M in 2025+466% since 2019
-$60.0M-$40.0M-$20.0M02019: -$7.0M-$7.0M20192020: -$13.4M-$13.4M2020+93%2021: -$49.3M-$49.3M2021+267%2022: -$47.6M-$47.6M2022−3%2023: -$42.5M-$42.5M2023−11%2024: -$31.5M-$31.5M2024−26%2025: -$39.5M-$39.5M2025+25%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Cost of revenues-160.8M CNY-176.2M CNY-42.1M CNY
Gross profit257.2M CNY279.9M CNY75.3M CNY
Sales and marketing expenses-122.0M CNY-131.0M CNY-60.4M CNY
General and administrative expenses-269.6M CNY-233.4M CNY-150.1M CNY
Research and development expenses-194.6M CNY-199.5M CNY-167.3M CNY
Total operating expenses-586.2M CNY-563.9M CNY-377.8M CNY
Other operating income12.4M CNY29.9M CNY6.2M CNY
Operating loss-316.7M CNY-254.1M CNY-296.3M CNY
Interest and investment income58.6M CNY30.6M CNY8.5M CNY
Interest expenses-6.0M CNY-3.4M CNY-2.9M CNY
Amortization of debt discounts0 CNY0 CNY-12.0M CNY
Foreign currency exchange gains (losses), net1.2M CNY-1.2M CNY394.0K CNY
Other non-operating income2.8M CNY4.7M CNY2.0M CNY
Other non-operating expenses-15.5M CNY-1.9M CNY-214.0K CNY
Total other (expenses) income41.1M CNY28.8M CNY-4.3M CNY
Loss before income tax and loss from equity method investments-275.6M CNY-225.3M CNY-300.6M CNY
Income tax (expenses) benefits4.4M CNY-386.0K CNY-206.0K CNY
Loss before loss from equity method investments-271.2M CNY-225.7M CNY-300.8M CNY
Loss from equity method investments-5.2M CNY-4.4M CNY-1.6M CNY
Net loss-276.4M CNY-230.0M CNY-302.3M CNY
Net loss attributable to non-controlling interests434.0K CNY256.0K CNY641.0K CNY
Net loss attributable to EHang Holdings Limited's ordinary shareholders-276.0M CNY-229.8M CNY-301.7M CNY
Net loss per ADS, Basic-1.88 CNY-1.71 CNY-2.48 CNY
Net loss per ADS, Diluted-1.88 CNY-1.71 CNY-2.48 CNY
Shares used in net loss per ordinary share computation , Basic146.7K shares134.4K shares121.5K shares
Shares used in net loss per ordinary share computation, Diluted146.7K shares134.4K shares121.5K shares
Foreign currency translation adjustments, net of nil tax-22.9M CNY10.5M CNY69.0K CNY
Total other comprehensive income (loss), net of tax-22.9M CNY10.5M CNY69.0K CNY
Comprehensive loss-299.3M CNY-219.6M CNY-302.3M CNY
Comprehensive loss attributable to non-controlling interests434.0K CNY256.0K CNY641.0K CNY
Comprehensive loss attributable to EHang Holdings Limited-298.9M CNY-219.3M CNY-301.6M CNY
Revenues418.0M CNY456.2M CNY117.4M CNY

Compare EHang with another company

The story

EHang announced the Ehang 184, introduced at the Consumer Electronics Show in January 2016, as the world's first AAV capable of carrying passengers.

The company announced plans with Dubai's Road & Transportation Agency in 2017 to launch an autonomous flying-taxi service starting in the summer of 2017, but didn't succeed. The company has also worked on a project with Nevada's Institute for Autonomous Systems for an AAV taxi that can transport a single passenger for up to 23 minutes with the EHang 184.

In November 2018, an agreement was signed with the city of Lyon, France, to open a research center there. At the same time, a cooperation agreement was concluded with the Austrian aerospace group FACC to further develop, certify and produce for EHang in Europe as well.

On December 12, 2019 EHang was listed on the NASDAQ with the symbol EH. On March 18, 2020, EHang decided to go into a strategic partnership with Llíria, a Spanish city, using the marketing term urban air mobility. This includes tourism as well as logistics. The City Council and EHang will also work with the Spanish Aviation Safety and Security Agency. Llíria is the second city in Spain where EHang has an agreement.

The EH216-S was approved for commercial flights in 2023. Approval was extended to unpiloted flights (limited to taking off and landing at the same vertiport) by the Civil Aviation Administration of China (CAAC) in March 2025.

From Wikipedia’s article on EHang, shared under CC BY-SA 4.0.7

Leadership

Who has led EHang, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Conor Chia-Hung Yang2026–now
201520202025
Board members and other officers (6)

Products and brands

  • unmanned aerial vehicle

Listed on Wikidata.1

Ghost

Ghost is a quadcopter developed by Ehang in a typical quadrotor layout with a pair of skids as landing gear. However, Ghost has an unusual feature: the rotors are mounted below the tips of the arms, instead of being mounted on top of the tips of the arms like most other multirotors. Ghost is mainly intended for aerial photography missions, and it is controlled by a smartphone. Its complete name is Ghost Intelligent Aerial Robot (Chinese: Ghost智能空中机器人; pinyin: Ghost zhìnéng kōngzhōng jīqìrén).

Data from mobile geeksGeneral characteristics

Wingspan: 0.35 m (1 ft 2 in)

Gross weight: 0.68 kg (1 lb)

Read the full text

Propellers: 4-bladed

Performance

Maximum speed: 60 km/h (37 mph, 32 kn)

Endurance: 25 min

Service ceiling: 914 m (2,999 ft)

Rate of climb: 2.5 m/s (490 ft/min)

Hexacopter

Ehang Hexacopter is a UAV developed by Ehang and it has not yet been named. The existence of this hexacopter was revealed for the first time to the public when it made its public debut in August 2014 at TechCrunch Beijing. The yet-to-be-named hexacopter is constructed of carbon fiber composite material with a pair of skids as landing gear. The arms of this hexacopter are curved, as opposed to the straight arms of most multi-rotors currently on the market. The hexacopter is controlled by laptop computer.

Data from engadgetGeneral characteristics

Capacity: 10 kg

Propellers: 6-bladed

Performance

Range: 5.0 km (3.1 mi, 2.7 nmi)

Endurance: 30 - 40 min

EHang 184

The EHang 184 is an autonomous passenger drone capable of reaching over 62 mph (100 km/h).

EHang says it started carrying passengers in 2015 and since made 40 journeys till releasing footage in February 2018.

In three years, more than 1,000 test flights were conducted, including some "violent" ones with dummies, in storm-force winds, in low visibility, at night and 1,000 ft (300 m) above the ground. It has eight propellers on four arms and by July 2018, 30 to 40 single pilot EHang 184 have been built.

Data from Electric VTOL News and AEROSPACE TECHNOLOGYGeneral characteristics

Crew: None (self-piloted)

Capacity: 1 passenger

Length: 3.86 m (12 ft 8 in)

Wingspan: 5.5 m (18 ft 1 in)

Height: 1.44 m (4 ft 9 in)

Propellers: 8 2-bladed fixed pitch

Performance

Cruise speed: 130 km/h (81 mph, 70 kn)

Range: 16 km (9.9 mi, 8.6 nmi)

Service ceiling: 500 m (1,600 ft)

EHang 216

The 216 is a two-seater with 16 propellers in a coaxial double-baled design. It made over 1,000 manned flights by July 2018 and its maximum trip length was 8.8 km (5.5 miles). It could fly 25 min for a range of 30–40 km (16–22 nmi). The aircraft is targeted for autonomous flying, to be monitored from an EHang or its customer command-and-control center. Austrian aerostructures supplier FACC AG partnered with EHang to certify and produce the aircraft in Europe, within simpler certification requirements for takeoff weights below 600 kg (1,320 lb).

In October 2018, the CAAC approved initial passenger operations at specific locations to develop urban air taxis regulations. EHang began taking preorders since, for island-hopping and to a Chinese coastal resort for aerial sightseeing within their site. A 1 km (0.54 nmi) shuttle across the river of its home city of Guangzhou should avoid a 30 min drive due to traffic congestion on the downtown bridge. US biotechnology company United Therapeutics, manufacturing organs for human transplants, should test rapid automated delivery from laboratory to hospital by the end of 2019.

In March 2020, the Norwegian Civil Aviation Authority issued a permit for manned test and certification flights. It is the first such approval in Europe.

On May 27, 2020, EHang obtained the world's first commercial pilot operation approval from the Civil Aviation Administration of China (“CAAC”) to use EHang 216 passenger-grade AAVs for air logistics purpose. The EHang 216 received a special flight operations certificate (SFOC) from Transport Canada Civil Aviation (TCCA) for test flights in Québec, Canada.

Ehang 216-S

Data from Electric VTOL NewsGeneral characteristics

Crew: Unpiloted

Capacity: 2 passengers (260 kg)

Length: 5.61 m (18 ft 5 in)

Height: 1.76 m (5 ft 9 in)

Propellers: 16-bladed

Performance

Maximum speed: 130 km/h (81 mph, 70 kn)

Cruise speed: 100 km/h (62 mph, 54 kn)

Minimum control speed: 70 km/h (43 mph, 38 kn)

Range: 35 km (22 mi, 19 nmi)Uses 5G wireless connectivity to communicate. Maximum altitude: 9,843 ft (3,000 m).21-minute flight time. Charge time: ~2 hours. Payload: 485 lb (220 kg).

Firefighting

The EHang 216F is a version designed for aerial firefighting, particularly in high-rise buildings. It has a maximum flight altitude of 600 meters and can carry up to 150 liters of fire extinguishing agent. Equipped with a camera, it can independently locate fires.

The pilotless aircraft navigates preset routes using 5G wireless connectivity to communicate with the command center. It can reach an altitude of 9,843 feet (3,000 meters), and its onboard batteries provide a range of 22 miles (35 kilometers) or a flight time of 21 minutes per charge. Recharging is reported to take approximately 2 hours. The payload capacity is said to be 485 pounds (220 kilograms). Passengers enter through gull-wing doors, and the eVTOL features fixed landing gear.

From Wikipedia’s article on EHang, shared under CC BY-SA 4.0.7

Employees over time

  • 20202301

Timeline

  1. Dec 12, 2019Went public Listed on NASDAQ1
  2. Jan 1, 2014Founded Founded1

Filings

73 filings to the SEC since October 2021: 5 annual reports, 7 insider forms, 12 large holders, 49 other. The latest 20:

  1. Aug 25, 20266-K EDGAR
  2. Aug 20, 20266-K EDGAR
  3. Aug 14, 2026SCHEDULE 13G/A EDGAR
  4. Aug 13, 2026SCHEDULE 13G/A EDGAR
  5. Aug 6, 2026SCHEDULE 13G EDGAR
  6. Jun 9, 20266-K EDGAR
  7. Jun 8, 20266-K EDGAR
  8. May 15, 202620-F EDGAR
  9. May 15, 20266-K/A EDGAR
  10. Apr 30, 2026NT 20-F EDGAR
  11. Apr 1, 20263 EDGAR
  12. Apr 1, 20263 EDGAR
  13. Apr 1, 20263 EDGAR
  14. Apr 1, 20263 EDGAR
  15. Apr 1, 20263 EDGAR
  16. Apr 1, 20263 EDGAR
  17. Apr 1, 20263 EDGAR
  18. Mar 12, 20266-K EDGAR
  19. Feb 13, 2026SCHEDULE 13G/A EDGAR
  20. Jan 20, 20266-K EDGAR

The 73 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 12 such filings since October 2021, the latest 10:

  1. Aug 14, 2026SCHEDULE 13G/A
  2. Aug 13, 2026SCHEDULE 13G/A
  3. Aug 6, 2026SCHEDULE 13G
  4. Feb 13, 2026SCHEDULE 13G/A
  5. Nov 13, 2025SCHEDULE 13G
  6. Nov 18, 2024SCHEDULE 13G/A
  7. Mar 6, 2024SC 13G
  8. Feb 14, 2024SC 13G/A
  9. Feb 14, 2023SC 13G/A
  10. Feb 14, 2023SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 75. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Axim Planning & Wealth3,972,808$26.0M36.8%−139,252
FIL Ltd2,246,129$14.7M0.0%+844,037
Susquehanna International Group, Llp1,729,084$11.3M0.0%−562,615
State Street Corp1,657,084$10.9M0.0%+579,367
Vanguard Capital Management LLC1,610,936$10.6M0.0%+6,411
Morgan Stanley705,550$4.6M0.0%+38,193
Vident Advisory, LLC677,186$4.4M0.0%+149,592
UBS Group AG667,502$4.4M0.0%−677,809
Baillie Gifford & Co661,983$4.3M0.0%−71,167
Norges Bank541,048$3.5M0.0%New
Jane Street Group, LLC492,972$3.2M0.0%−279,092
Group One Trading LLC458,712$3.0M0.1%−507,949
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.425,891$2.8M0.0%+16,563
Vanguard Fiduciary Trust Co422,592$2.8M0.0%No change
Marshall Wace, Llp392,903$2.6M0.0%+185,225
BlackRock, Inc.297,362$1.9M0.0%+250,733
Mitsubishi UFJ Asset Management Co., Ltd.175,598$1.2M0.0%+77,422
Simplex Trading, LLC94,714$620.4K0.0%−160,649
Squarepoint Ops LLC91,697$600.6K0.0%+48,048
Carmignac Gestion76,985$504.3K0.0%No change
Pictet Asset Management Holding SA73,043$478.4K0.0%New
Hennion & Walsh Asset Management, Inc.55,305$362.2K0.0%+10,860
Bank Of America Corp /de/50,151$328.5K0.0%+19,839
Citadel Advisors LLC44,052$288.5K0.0%+474
IMC-Chicago, LLC42,450$278.0K0.0%−25,176

13F reports cover disclosed long positions in U.S. stocks only.