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EH · NASDAQ · Aerospace & Defense

EHang (ADR)

Builds pilotless eVTOL aircraft and the operating stack for low-altitude services.

$4.60
After-hours close+0.10 (+2.22%)
At close$4.50(−3.43%)
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Profile

EHang Holdings LimitedEHIndustrials

Air-mobility solutions centered on EH216 aircraft drive the business, with smart-city and aerial-media offerings alongside them. Deliveries principally support Chinese trial tourism, testing, training, demonstrations, and trial operations.

Air-mobility solutions center on pilotless EH216 aircraft: the EH216-S for passenger service, alongside EH216-F firefighting and EH216-L logistics variants. Smart-city command-and-control systems and aerial-media solutions are adjacent offerings, while VT35 extends the product line toward longer-range, intercity use.

Deliveries are mainly used at Chinese tourism sites for testing, training, demonstrations, and trial operations. The EH216-S has completed CAAC aircraft and production certification steps, and two operator-certificate holders conduct internal trial commercial operations. Public ticketed flights still depend on additional CAAC operating and safety requirements, while VT35 remains in its own type-certification process.

Company facts

CEOHuazhi Hu
ListedDec 12, 2019
ExchangeNASDAQ
HeadquartersGuangzhou, China
CountryChina
Employees829
CIK0001759783
ISINUS26853E1029

Key statistics

Market cap$167.4M
EPS (ttm)−$1.47
P/E (ttm)−3.07
ROE-36.6%
P/B1.27
P/S3.23
Dividend yield
Beta2.31vs XLI −0.34

Year to date −68.8% · Average volume (30d) 715.0K

Analysts

Price target, next 12 months$7.70+70.7%Median of 5 analysts · vs the Aug 28 close
ConsensusHold1 of 5 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 28, 2026DBS BankDowngradeBuyHold
Jul 14, 2026Goldman SachsDowngradeBuyNeutral$7.30
Jul 9, 2026Morgan StanleyReiterateOverweight$27.50$7.70
Jul 8, 2026B of A SecuritiesDowngradeBuyUnderperform
Jul 6, 2026JP MorganDowngradeNeutralUnderweight

Earnings

EPS

Estimate−$0.10
ReportedDue Nov 25, 2026

Revenue

Estimate$22.1M
ReportedDue Nov 25, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 25, 2026Q2 FY26−$0.13−$0.12+10.7%$16.5M$11.5M−30.5%−7.12%
Jun 9, 2026Q1 FY26−$0.14−$0.14+2.6%$8.9M$3.7M−58.1%+2.10%
Mar 12, 2026Q4 FY25−$0.06$0.04+166.7%$28.4M$34.9M+22.9%−2.15%
Nov 26, 2025Q3 FY25$0.02−$0.04−300.0%$198.4M$13.0M−93.4%+4.62%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.9M$21.9M$13.8M$22.7M$3.8M$11.6M
Gross profit$2.4M$13.7M$8.4M$13.8M$2.4M$7.1M
Operating income−$13.4M−$11.6M−$13.6M−$8.5M−$19.0M−$20.0M
Net income−$11.6M−$12.0M−$12.2M−$5.2M−$18.7M−$19.1M
Diluted EPS−$0.32−$0.33−$0.33−$0.14−$0.49−$0.51
Gross margin62.4%62.6%60.8%60.8%62.5%61.2%
Operating margin-344.5%-53.1%-99.2%-37.4%-498.5%-172.9%

Fiscal years (4-quarter sums)FY21 $8.5M · FY22 $6.6M · FY23 $17.5M · FY24 $67.9M · FY25 $62.2M

Revenue by product · FY25

Product$60.3M · 48%
Products Air Mobility Solutions$58.1M · 47%
Others Products$2.2M · 2%
Service$1.9M · 2%
Other$1.2M · 1%
Air Mobility Solutions$686.2K · 1%

Revenue by geography · FY25

China$59.9M · 96%
East Asia$2.1M · 3%
West Asia$83.9K · 0%
Europe$55.4K · 0%
South Asia$32.3K · 0%

Balance sheet, Jun 30, 2026Cash & short-term investments $134.2M · Total debt $86.0M · Total assets $274.9M · Shareholders' equity $134.9M

Dividends

No dividends on record.

Ownership

Institutions 48.96%Insiders

Shares outstanding 37.11M · Float 36.54M · 98.5% free float

Insiders — filings are in the shares behind the receipt.

This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
G1 Execution Services, LLC7.23M6.90%13GFeb 13, 2026
Axim Planning & Wealth3.97M10.71%13FAug 14, 2026
FIL Ltd2.25M6.05%13FAug 13, 2026
Susquehanna International Group, LLP1.73M4.66%13FAug 14, 2026
State Street Corp1.66M4.47%13FAug 7, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

  • Joby Aviation

    Piloted eVTOL air taxi with direct and partner-operated services

  • Archer Aviation

    Midnight eVTOL with air-taxi deployment and autonomy development

  • Eve

    eVTOL, air-traffic management, and operator-support ecosystem

  • Vertical Aerospace

    Piloted eVTOL and Bristow-operated ready-to-fly delivery model

  • BETA Technologies

    Electric VTOL aircraft, charging infrastructure, and propulsion systems

CompareAfter-hours close

CompanyPriceChange
EHang (ADR)$4.60+2.22%$167.4M3.2−44.1%
Joby Aviation$7.01+0.57%$6.87B59.0+257,493.3%
Archer Aviation$5.750.00%$4.37B633.0
Eve$2.29−0.85%$804.6M
Vertical Aerospace$0.6889+1.26%$87.0M
BETA Technologies$20.45+1.44%$4.48B99.9
Median99.9+257,493.3%