Ebang International Holdings Inc. (EBON) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Ebang International Holdings Inc. (EBON) stock price & volume — 10-year historical chart
Ebang International Holdings Inc. (EBON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ebang International Holdings Inc. (EBON) competitors in Advanced Computing and Mining Hardware — business model, growth, and fundamentals comparison
Ebang International Holdings Inc. (EBON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ebang International Holdings Inc. (EBON) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 147.62M | 319.04M | 109.06M | 19M | 51.45M | 32.33M | 4.86M | 5.87M | 6.54M |
| Revenue Growth % | 680.81% | 116.12% | -65.82% | -82.57% | 170.73% | -37.17% | -84.98% | 20.88% | 11.39% |
| Cost of Goods Sold | 67.68M | 294.6M | 139.62M | 21.9M | 22.23M | 16.92M | 21.56M | 4.68M | 6.14M |
| COGS % of Revenue | 45.85% | 92.34% | 128.02% | 115.26% | 43.2% | 52.33% | 444.04% | 79.73% | 93.96% |
| Gross Profit | 79.94M▲ 0% | 24.45M▼ 69.4% | -30.56M▼ 225.0% | -2.9M▲ 90.5% | 29.22M▲ 1107.9% | 15.41M▼ 47.3% | -16.7M▼ 208.4% | 1.19M▲ 107.1% | 394.85K▼ 66.8% |
| Gross Margin % | 54.15% | 7.66% | -28.02% | -15.26% | 56.8% | 47.67% | -344.04% | 20.27% | 6.04% |
| Gross Profit Growth % | 792.58% | -69.42% | -225.03% | 90.51% | 1107.92% | -47.26% | -208.38% | 107.12% | -66.81% |
| Operating Expenses | 14.74M | 34.89M | 8.28M | 23.75M | 27.19M | 63.4M | 36.94M | 31.56M | 23.27M |
| OpEx % of Revenue | 9.99% | 10.94% | 7.6% | 124.96% | 52.85% | 196.12% | 760.74% | 537.81% | 355.98% |
| Selling, General & Admin | 5.48M | 55.51M | 20.08M | 23.75M | 27.19M | 42.67M | 30.94M | 31.56M | 19.18M |
| SG&A % of Revenue | 3.71% | 17.4% | 18.42% | 124.96% | 52.85% | 131.99% | 637.16% | 537.81% | 293.38% |
| Research & Development | 9.26M | 43.49M | 13.37M | 8.46M | 6.56M | 5.15M | 7.4M | 0 | 4.09M |
| R&D % of Revenue | 6.28% | 13.63% | 12.26% | 44.52% | 12.74% | 15.92% | 152.44% | - | 62.6% |
| Other Operating Expenses | 0 | 27.37M | -25.17M | -8.46M | -6.56M | 15.58M | -1.4M | 0 | 0 |
| Operating Income | 65.2M▲ 0% | -3.69M▼ 105.7% | -50.64M▼ 1271.3% | -26.65M▲ 47.4% | 2.03M▲ 107.6% | -47.99M▼ 2463.5% | -53.64M▼ 11.8% | -30.37M▲ 43.4% | -22.88M▲ 24.7% |
| Operating Margin % | 44.16% | -1.16% | -46.43% | -140.21% | 3.95% | -148.44% | -1104.78% | -517.53% | -349.94% |
| Operating Income Growth % | 4073.6% | -105.66% | -1271.25% | 47.38% | 107.62% | -2463.52% | -11.78% | 43.38% | 24.69% |
| EBITDA | 68.44M | 1.11M | -41.78M | -19.49M | 8.29M | -37.28M | -50.12M | -27.77M | -20.32M |
| EBITDA Margin % | 46.36% | 0.35% | -38.31% | -102.58% | 16.11% | -115.31% | -1032.29% | -473.21% | -310.86% |
| EBITDA Growth % | 2154.91% | -98.38% | -3876.23% | 53.34% | 142.52% | -549.74% | -34.45% | 44.59% | 26.83% |
| D&A (Non-Cash Add-back) | 3.24M | 4.8M | 8.86M | 7.15M | 6.26M | 10.71M | 3.52M | 2.6M | 2.55M |
| EBIT | 65.46M | -9.99M | -38.63M | -22.13M | 2.39M | -27.26M | -39.07M | -30.37M | -22.88M |
| Net Interest Income | 80.35K | -467.06K | -1.82M | 96.09K | 1.78M | 4.36M | 11.94M | 11.37M | 8.51M |
| Interest Income | 367.55K | 453.99K | 217.2K | 824.43K | 1.78M | 4.36M | 11.94M | 11.37M | 8.51M |
| Interest Expense | 287.2K | 921.05K | 2.04M | 728.35K | 4.38K | 0 | 0 | 0 | 0 |
| Other Income/Expense | -23.38K | 20.15M | 9.97M | 3.79M | 358.61K | 2.16M | 14.57M | 9.46M | 8.39M |
| Pretax Income | 65.17M▲ 0% | -10.91M▼ 116.7% | -40.67M▼ 272.6% | -22.86M▲ 43.8% | 2.39M▲ 110.5% | -45.83M▼ 2018.4% | -39.07M▲ 14.8% | -20.91M▲ 46.5% | -14.49M▲ 30.7% |
| Pretax Margin % | 44.15% | -3.42% | -37.29% | -120.29% | 4.64% | -141.77% | -804.61% | -356.27% | -221.6% |
| Income Tax | 8.21M | 899.59K | 400.31K | 9.25M | -378.84K | -72.93K | -1.03M | -42.55K | -320.98K |
| Effective Tax Rate % | 12.59% | -8.24% | -0.98% | -40.47% | -15.86% | 0.16% | 2.64% | 0.2% | 2.22% |
| Net Income | 55.91M▲ 0% | -12.31M▼ 122.0% | -42.4M▼ 244.5% | -30.68M▲ 27.7% | 4.43M▲ 114.4% | -43.89M▼ 1090.5% | -36.77M▲ 16.2% | -20.25M▲ 44.9% | -14.09M▲ 30.4% |
| Net Margin % | 37.87% | -3.86% | -38.88% | -161.41% | 8.61% | -135.76% | -757.38% | -345.06% | -215.6% |
| Net Income Growth % | 2885.39% | -122.02% | -244.5% | 27.66% | 114.44% | -1090.49% | 16.21% | 44.93% | 30.41% |
| Net Income (Continuing) | 56.97M | -11.81M | -41.07M | -32.11M | 2.77M | -45.76M | -38.03M | -20.87M | -14.17M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 8.08M | 6.26M | 7.59M | 6.7M | 5.24M | 2.86M | 1.48M | 767.61K | 809.01K |
| EPS (Diluted) | 1.03▲ 0% | -10.92▼ 1160.2% | -8.38▲ 23.3% | -7.55▲ 9.9% | 0.75▲ 109.9% | -7.03▼ 1037.3% | -5.86▲ 16.6% | -3.22▲ 45.1% | -2.24▲ 30.4% |
| EPS Growth % | 5590.61% | -1160.19% | 23.26% | 9.9% | 109.93% | -1037.33% | 16.64% | 45.05% | 30.43% |
| EPS (Basic) | 1.03 | -10.92 | -8.38 | -7.55 | 0.75 | -7.03 | -5.86 | -3.22 | -2.24 |
| Diluted Shares Outstanding | 54.45M | 1.13M | 5.06M | 4.06M | 5.93M | 6.25M | 6.28M | 6.28M | 6.28M |
| Basic Shares Outstanding | 54.45M | 1.13M | 5.06M | 4.06M | 5.92M | 6.25M | 6.28M | 6.28M | 6.28M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Ebang International Holdings Inc. (EBON) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 313.09M | 125.03M | 28.83M | 68.6M | 298.83M | 269.11M | 250.43M | 230.77M | 216.19M |
| Cash & Short-Term Investments | 132.7M | 10M | 3.46M | 54.5M | 275.49M | 257.16M | 242.13M | 219.31M | 206.39M |
| Cash Only | 132.66M | 10M | 3.46M | 13.67M | 240.04M | 251.32M | 241.63M | 213.82M | 200.22M |
| Short-Term Investments | 38.39K | 0 | 0 | 40.84M | 35.44M | 5.84M | 496.12K | 4.91M | 6.17M |
| Accounts Receivable | 18.28M | 21.58M | 8.13M | 7.97M | 9.87M | 3.33M | 946.51K | 1.59M | 1.1M |
| Days Sales Outstanding | 45.19 | 24.68 | 27.2 | 153.09 | 70.04 | 37.65 | 71.16 | 98.69 | 61.37 |
| Inventory | 162.11M | 66.27M | 13.09M | 3.85M | 8.19M | 1.62M | 198.85K | 667.43K | 4.12M |
| Days Inventory Outstanding | 874.26 | 82.11 | 34.22 | 64.07 | 134.57 | 34.92 | 3.37 | 52.06 | 244.88 |
| Other Current Assets | 0 | 27.19M | 4.15M | 2.28M | 6.34M | 8.17M | 5.78M | 8.81M | 3.85M |
| Total Non-Current Assets | 19.12M | 21.7M | 18.33M | 75.6M | 87.03M | 75.06M | 47.81M | 45.04M | 40.58M |
| Property, Plant & Equipment | 8.27M | 17M | 14.54M | 30.04M | 36.6M | 42.41M | 39.3M | 33.3M | 33.48M |
| Fixed Asset Turnover | 17.85x | 18.77x | 7.50x | 0.63x | 1.41x | 0.76x | 0.12x | 0.18x | 0.20x |
| Goodwill | 1.94M | 0 | 0 | 0 | 0 | 2.3M | 0 | 1.28M | 0 |
| Intangible Assets | 5.8M | 4.7M | 3.78M | 23.08M | 22.51M | 6.89M | 2.33M | 3.34M | 2.2M |
| Long-Term Investments | -1.94M | 2.21M | 43.32K | 47.45K | 883.13K | 903.13K | 1.2M | 602.18K | 796.79K |
| Other Non-Current Assets | 4.2M | -21.7M | -18.33M | 22.48M | 27.04M | 22.55M | 4.98M | 6.52M | 4.1M |
| Total Assets | 332.2M▲ 0% | 149.46M▼ 55.0% | 82.61M▼ 44.7% | 144.2M▲ 74.6% | 385.86M▲ 167.6% | 344.17M▼ 10.8% | 298.24M▼ 13.3% | 275.8M▼ 7.5% | 256.77M▼ 6.9% |
| Asset Turnover | 0.44x | 2.13x | 1.32x | 0.13x | 0.13x | 0.09x | 0.02x | 0.02x | 0.03x |
| Asset Growth % | 617.04% | -55.01% | -44.73% | 74.55% | 167.59% | -10.81% | -13.34% | -7.52% | -6.9% |
| Total Current Liabilities | 225.77M | 77M | 39.05M | 34.26M | 14.71M | 15.49M | 11.96M | 11.85M | 7.91M |
| Accounts Payable | 9.89M | 43.63M | 11.83M | 2.76M | 3.39M | 1.46M | 292.57K | 286.1K | 436.12K |
| Days Payables Outstanding | 53.32 | 54.06 | 30.93 | 46.03 | 55.63 | 31.43 | 4.95 | 22.32 | 25.92 |
| Short-Term Debt | 5.71M | 23.04M | 4.86M | 1.85M | 1.45M | 0 | 0 | 0 | 1.15M |
| Deferred Revenue (Current) | 186.34M | 2.01M | 7.27M | 2.06M | 894.17K | 1.01M | 122.52K | 55.4K | 14.81K |
| Other Current Liabilities | 23.83M | 0 | 12.71M | 0 | 6.07M | 9.59M | 5.72M | 8.72M | 4.77M |
| Current Ratio | 1.39x | 1.62x | 0.74x | 2.00x | 20.32x | 17.38x | 20.94x | 19.47x | 27.31x |
| Quick Ratio | 0.67x | 0.76x | 0.40x | 1.89x | 19.76x | 17.27x | 20.92x | 19.41x | 26.79x |
| Cash Conversion Cycle | 866.13 | 52.74 | 30.49 | 171.14 | 148.97 | 41.14 | 69.57 | 128.43 | 280.33 |
| Total Non-Current Liabilities | 666.62K | 4.63M | 17.63M | 119.7K | 2.18M | 6.89M | 4.96M | 3.59M | 3.81M |
| Long-Term Debt | 0 | 4.63M | 17.63M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 361.75K | 118.83K | 2M | 5.76M | 4.88M | 2.89M | 3.45M |
| Deferred Tax Liabilities | 666.62K | 0 | 0 | 872 | 178.58K | 1.13M | 74.22K | 326.45K | 3.38K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 872 | 0 | 1.13M | 0 | 376.84K | 357.4K |
| Total Liabilities | 226.44M | 81.63M | 57.04M | 34.38M | 16.88M | 22.38M | 16.92M | 15.44M | 11.73M |
| Total Debt | 5.71M | 27.67M | 23.69M | 2.65M | 3.45M | 7.26M | 6.68M | 4.03M | 4.61M |
| Net Debt | -126.95M | 17.67M | 20.22M | -11.02M | -236.6M | -244.07M | -234.96M | -209.79M | -195.62M |
| Debt / Equity | 0.05x | 0.41x | 0.93x | 0.02x | 0.01x | 0.02x | 0.02x | 0.02x | 0.02x |
| Debt / EBITDA | 0.08x | 25.01x | - | - | 0.42x | - | - | - | - |
| Net Debt / EBITDA | -1.86x | 15.97x | - | - | -28.55x | - | - | - | - |
| Interest Coverage | 227.92x | -10.85x | -18.92x | -30.39x | 546.06x | - | - | - | - |
| Total Equity | 105.77M▲ 0% | 67.83M▼ 35.9% | 25.57M▼ 62.3% | 109.82M▲ 329.5% | 368.98M▲ 236.0% | 321.79M▼ 12.8% | 281.32M▼ 12.6% | 260.36M▼ 7.5% | 245.04M▼ 5.9% |
| Equity Growth % | 247.1% | -35.87% | -62.3% | 329.49% | 235.97% | -12.79% | -12.58% | -7.45% | -5.88% |
| Book Value per Share | 1.94 | 60.19 | 5.05 | 27.02 | 62.23 | 51.51 | 44.83 | 41.45 | 39.02 |
| Total Shareholders' Equity | 97.68M | 61.57M | 17.98M | 103.13M | 363.74M | 318.93M | 279.84M | 259.59M | 244.23M |
| Common Stock | 17.16M | 14.33K | 14.33K | 17.39K | 23.83K | 24.06K | 24.16K | 24.16K | 24.16K |
| Retained Earnings | 58.99M | 45.55M | -7.91M | -38.58M | -34.18M | -78.07M | -114.84M | -135.09M | -149.19M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.73M | 2.63M | 1.98M | 3.4M | 4.18M | -644.88K | -2.81M | -1.79M | -2.7M |
| Minority Interest | 8.08M | 6.26M | 7.59M | 6.7M | 5.24M | 2.86M | 1.48M | 767.61K | 809.01K |
Ebang International Holdings Inc. (EBON) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 122.49M | -108.23M | -13.26M | -15.83M | -12.97M | 4.3M | -11.65M | -17.61M | -9.05M |
| Operating CF Margin % | 82.98% | -33.92% | -12.16% | -83.28% | -25.21% | 13.29% | -240.01% | -300.13% | -138.37% |
| Operating CF Growth % | 1607.67% | -188.36% | 87.75% | -19.36% | 18.06% | 133.13% | -371.21% | -51.15% | 48.65% |
| Net Income | 55.91M | -12.31M | -42.4M | -24.46M | 4.43M | -43.89M | -36.77M | -20.25M | -14.09M |
| Depreciation & Amortization | 3.24M | 4.8M | 8.86M | 7.15M | 6.26M | 10.71M | 3.52M | 2.6M | 2.55M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 707K | 3.9M | -153.03K | 0 | 0 |
| Deferred Taxes | 0 | -9.67M | 0 | 8.63M | -2.85M | -80.6K | -1.03M | -42.55K | -320.98K |
| Other Non-Cash Items | -37.57M | -100.72M | -43.72M | -504.56K | 8.1M | 38.55M | 25.88M | 1.22M | 3.29M |
| Working Capital Changes | 53.7M | 30.44M | 64M | -6.64M | -29.62M | -4.9M | -3.1M | -1.14M | -475.95K |
| Change in Receivables | -111.32M | -7.05M | 13.25M | -1.35M | -2.69M | 2.88M | 2.61M | 49.13K | 260.01K |
| Change in Inventory | -37.54M | 37.48M | 50.75M | 9.73M | -5.39M | -364.14K | 106.92K | -170.63K | -3.15M |
| Change in Payables | 202.56M | 13.63M | -31.55M | -9.23M | 559.82K | -1.79M | -1.13M | -112.41K | 144.4K |
| Cash from Investing | -9.56M | -6.28M | -5.81M | -63.18M | -6.51M | 5.75M | 2.75M | -9.89M | -5.37M |
| Capital Expenditures | -9.84M | -5.94M | -5.83M | -22.76M | -8.52M | -14.06M | -10.15M | -4.94M | -4.5M |
| CapEx % of Revenue | 6.67% | 1.86% | 5.35% | 119.77% | 16.56% | 43.51% | 209.03% | 84.16% | 68.8% |
| Acquisitions | 8.43K | 5.14K | 25.76K | 53.44K | 357.26K | -5.87M | 7.52K | -317.39K | 184.72K |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -343.74K | 0 | 362.31K | -357.26K | -856.55K | 7.2M | 15.25K | 0 |
| Cash from Financing | 4.78M | 13.96M | 8.55M | 92.06M | 247.18M | -20K | 0 | 0 | 0 |
| Debt Issued (Net) | -9.98M | 20.27M | 859.34K | 5.53M | -1.87M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 14.76M | 585.74K | 0 | 114.19M | 254.73M | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | -6.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -388.45K | 7.69M | -27.66M | -5.67M | -20K | 0 | 0 | 0 |
| Net Change in Cash | 122.67M▲ 0% | -113.18M▼ 192.3% | -13.7M▲ 87.9% | 8.35M▲ 160.9% | 225.97M▲ 2607.6% | 11.28M▼ 95.0% | -9.31M▼ 182.5% | -27.32M▼ 193.5% | -14.18M▲ 48.1% |
| Free Cash Flow | 112.65M▲ 0% | -114.17M▼ 201.4% | -19.09M▲ 83.3% | -38.59M▼ 102.1% | -21.49M▲ 44.3% | -9.77M▲ 54.5% | -21.8M▼ 123.2% | -22.55M▼ 3.4% | -13.54M▲ 40.0% |
| FCF Margin % | 76.31% | -35.79% | -17.51% | -203.05% | -41.77% | -30.21% | -449.04% | -384.29% | -207.16% |
| FCF Growth % | 1389.16% | -201.35% | 83.28% | -102.11% | 44.31% | 54.54% | -123.2% | -3.45% | 39.95% |
| FCF per Share | 2.07 | -101.31 | -3.77 | -9.49 | -3.62 | -1.56 | -3.47 | -3.59 | -2.16 |
| FCF Conversion (FCF/Net Income) | 2.19x | 8.79x | 0.31x | 0.52x | -2.93x | -0.10x | 0.32x | 0.87x | 0.64x |
| Interest Paid | 0 | 480.54K | 1.32M | 1.49M | 4.38K | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 11.76M | 8.12M | 293.03K | 928 | 7.67K | 0 | 0 | 0 |
Ebang International Holdings Inc. (EBON) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 6.78% | 82.07% | -14.18% | -90.8% | -45.31% | 1.85% | -12.71% | -12.19% | -7.48% | -5.58% |
| Return on Invested Capital (ROIC) | 5.44% | 907.14% | -8.61% | -57.85% | -27.64% | 1.32% | -34.26% | -64.84% | -47% | -34.32% |
| Gross Margin | 47.37% | 54.15% | 7.66% | -28.02% | -15.26% | 56.8% | 47.67% | -344.04% | 20.27% | 6.04% |
| Net Margin | 9.9% | 37.87% | -3.86% | -38.88% | -161.41% | 8.61% | -135.76% | -757.38% | -345.06% | -215.6% |
| Debt / Equity | 0.38x | 0.05x | 0.41x | 0.93x | 0.02x | 0.01x | 0.02x | 0.02x | 0.02x | 0.02x |
| Interest Coverage | 11.96x | 227.92x | -10.85x | -18.92x | -30.39x | 546.06x | - | - | - | - |
| FCF Conversion | -4.34x | 2.19x | 8.79x | 0.31x | 0.52x | -2.93x | -0.10x | 0.32x | 0.87x | 0.64x |
| Revenue Growth | 25.7% | 680.81% | 116.12% | -65.82% | -82.57% | 170.73% | -37.17% | -84.98% | 20.88% | 11.39% |
Ebang International Holdings Inc. (EBON) stock FAQ — growth, dividends, profitability & financials explained
Ebang International Holdings Inc. (EBON) reported $12.4M in revenue for fiscal year 2025. This represents a 47% increase from $8.4M in 2014.
Ebang International Holdings Inc. (EBON) grew revenue by 11.4% over the past year. This is steady growth.
Ebang International Holdings Inc. (EBON) reported a net loss of $34.3M for fiscal year 2025.
Ebang International Holdings Inc. (EBON) has a return on equity (ROE) of -5.6%. Negative ROE indicates the company is unprofitable.
Ebang International Holdings Inc. (EBON) had negative free cash flow of $36.1M in fiscal year 2025, likely due to heavy capital investments.
Ebang International Holdings Inc. (EBON) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates