EHang (ADR)
Builds pilotless eVTOL aircraft and the operating stack for low-altitude services.
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Profile
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
Categories
Key statistics
Year to date −68.8% · Average volume (30d) 715.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | DBS Bank | Downgrade | Buy | Hold | ||
| Jul 14, 2026 | Goldman Sachs | Downgrade | Buy | Neutral | $7.30 | |
| Jul 9, 2026 | Morgan Stanley | Reiterate | Overweight | $27.50 | $7.70 | |
| Jul 8, 2026 | B of A Securities | Downgrade | Buy | Underperform | ||
| Jul 6, 2026 | JP Morgan | Downgrade | Neutral | Underweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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 margin | 62.4% | 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
Revenue by geography · FY25
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
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
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| G1 Execution Services, LLC | 7.23M | 6.90% | 13G | Feb 13, 2026 |
| Axim Planning & Wealth | 3.97M | 10.71% | 13F | Aug 14, 2026 |
| FIL Ltd | 2.25M | 6.05% | 13F | Aug 13, 2026 |
| Susquehanna International Group, LLP | 1.73M | 4.66% | 13F | Aug 14, 2026 |
| State Street Corp | 1.66M | 4.47% | 13F | Aug 7, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Joby Aviation
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- 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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EHang (ADR) | $4.60 | +2.22% | $167.4M | — | — | 3.2 | −44.1% |
| Joby Aviation | $7.01 | +0.57% | $6.87B | — | — | 59.0 | +257,493.3% |
| Archer Aviation | $5.75 | 0.00% | $4.37B | — | — | 633.0 | — |
| Eve | $2.29 | −0.85% | $804.6M | — | — | — | — |
| Vertical Aerospace | $0.6889 | +1.26% | $87.0M | — | — | — | — |
| BETA Technologies | $20.45 | +1.44% | $4.48B | — | — | 99.9 | — |
| Median | — | — | 99.9 | +257,493.3% |







