Ebang International Holdings Inc. (EBON) 10-Year Financial Performance & Capital Metrics

EBON • • Industrial / General

TechnologyComputer HardwareCryptocurrency Mining HardwareBitcoin Mining Equipment

AboutEbang International Holdings Inc., through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely; and routine maintenance services, as well as engages in the development of proprietary cryptocurrency exchange platform. In addition, the company offers fiber-optic communication access devices, including multiprotocol label switching fiber-optic access network devices, multi-service access platform integrated business access devices, and wavelength-division multiplexing fiber-optic devices; and enterprise convergent terminal products, which consists gigabit passive optical network, enterprise cloud gateway devices, industrial Internet of Things access devices, and business enterprise smart wireless access devices. It serves the blockchain and telecommunications industries. The company also provides foreign exchange trading and digital currency transfer services, as well as deals in virtual currencies. It sells its blockchain products directly, as well as through its website; and telecommunication products under the EBANG brand name primarily through supplier contracts. The company was incorporated in 2018 and is headquartered in Hangzhou, China.Show more

Revenue $6M +20.9%
EBITDA -$28M +44.6%
Net Income -$20M +44.9%
EPS (Diluted) -3.22 +45.1%
Gross Margin 20.27% +105.9%
EBITDA Margin -473.21% +54.2%
Operating Margin -517.53% +53.2%
Net Margin -345.06% +54.4%
ROE -7.48% +38.7%
ROIC -47% +27.5%
Debt/Equity 0.02 -34.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 44.3% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.58%

5Y-44.26%

3Y-51.5%

TTM-85.31%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-22.94%

EPS CAGR

10Y-

5Y-

3Y-

TTM-22.49%

ROCE

10Y Avg-4.46%

5Y Avg-15.21%

3Y Avg-14.07%

Latest-11.04%

Peer Comparison

Bitcoin Mining Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
BGINBGIN BLOCKCHAIN Ltd	297.11M	3.28	5.66	17.5%	21.81%	36.73%	0.00
CANCanaan Inc.	539.21M	0.82	-0.89	27.35%	-77.01%	-82.19%	0.36
EBONEbang International Holdings Inc.	16.31M	3.45	-1.07	20.88%	-5.26%	-21.11%	0.02

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	15.04M	18.91M	147.62M	319.04M	109.06M	19M	51.45M	32.33M	4.86M	5.87M
Revenue Growth %	0.78%	0.26%	6.81%	1.16%	-0.66%	-0.83%	1.71%	-0.37%	-0.85%	0.21%
Cost of Goods Sold+	6.84M	9.95M	67.68M	294.6M	139.62M	21.9M	22.23M	12.44M	21.56M	4.68M
COGS % of Revenue	0.45%	0.53%	0.46%	0.92%	1.28%	1.15%	0.43%	0.38%	4.44%	0.8%
Gross Profit+	8.2M	8.96M	79.94M	24.45M	-30.56M	-2.9M	29.22M	19.89M	-16.7M	1.19M
Gross Margin %	0.55%	0.47%	0.54%	0.08%	-0.28%	-0.15%	0.57%	0.62%	-3.44%	0.2%
Gross Profit Growth %	0.88%	0.09%	7.93%	-0.69%	-2.25%	0.91%	11.08%	-0.32%	-1.84%	1.07%
Operating Expenses+	4.2M	7.39M	14.74M	34.89M	8.28M	23.75M	27.19M	63.4M	36.94M	31.56M
OpEx % of Revenue	0.28%	0.39%	0.1%	0.11%	0.08%	1.25%	0.53%	1.96%	7.61%	5.38%
Selling, General & Admin	2.44M	4.06M	5.48M	55.51M	20.08M	23.75M	27.19M	42.67M	30.94M	31.56M
SG&A % of Revenue	0.16%	0.21%	0.04%	0.17%	0.18%	1.25%	0.53%	1.32%	6.37%	5.38%
Research & Development	1.76M	3.33M	9.26M	43.49M	13.37M	8.46M	6.56M	5.15M	7.4M	0
R&D % of Revenue	0.12%	0.18%	0.06%	0.14%	0.12%	0.45%	0.13%	0.16%	1.52%	-
Other Operating Expenses	0	0	0	27.37M	-25.17M	-8.46M	-6.56M	15.58M	-1.4M	0
Operating Income+	4M	1.56M	65.2M	-3.69M	-50.64M	-26.65M	2.03M	-47.99M	-53.64M	-30.37M
Operating Margin %	0.27%	0.08%	0.44%	-0.01%	-0.46%	-1.4%	0.04%	-1.48%	-11.05%	-5.18%
Operating Income Growth %	48.05%	-0.61%	40.74%	-1.06%	-12.71%	0.47%	1.08%	-24.64%	-0.12%	0.43%
EBITDA+	5M	3.03M	68.44M	1.11M	-41.78M	-19.49M	8.29M	-37.28M	-50.12M	-27.77M
EBITDA Margin %	0.33%	0.16%	0.46%	0%	-0.38%	-1.03%	0.16%	-1.15%	-10.32%	-4.73%
EBITDA Growth %	3.81%	-0.39%	21.55%	-0.98%	-38.76%	0.53%	1.43%	-5.5%	-0.34%	0.45%
D&A (Non-Cash Add-back)	999.18K	1.47M	3.24M	4.8M	8.86M	7.15M	6.26M	10.71M	3.52M	2.6M
EBIT	4.38M	1.82M	65.46M	-9.99M	-38.63M	-22.13M	2.39M	-45.83M	-39.07M	-30.32M
Net Interest Income+	0	-111.32K	80.35K	-467.06K	-1.82M	96.09K	1.78M	4.36M	11.94M	11.37M
Interest Income	55.27K	40.85K	367.55K	453.99K	217.2K	824.43K	1.78M	4.36M	11.94M	11.37M
Interest Expense	0	152.18K	287.2K	921.05K	2.04M	728.35K	4.38K	0	0	0
Other Income/Expense	377.39K	105.82K	-23.38K	20.15M	9.97M	3.79M	358.61K	2.16M	14.57M	9.46M
Pretax Income+	4.38M	1.67M	65.17M	-10.91M	-40.67M	-22.86M	2.39M	-45.83M	-39.07M	-20.91M
Pretax Margin %	0.29%	0.09%	0.44%	-0.03%	-0.37%	-1.2%	0.05%	-1.42%	-8.05%	-3.56%
Income Tax+	519.16K	-9.03K	8.21M	899.59K	400.31K	9.25M	-378.84K	-72.93K	-1.03M	-42.55K
Effective Tax Rate %	0.88%	1.12%	0.86%	1.13%	1.04%	1.34%	1.85%	0.96%	0.94%	0.97%
Net Income+	3.86M	1.87M	55.91M	-12.31M	-42.4M	-30.68M	4.43M	-43.89M	-36.77M	-20.25M
Net Margin %	0.26%	0.1%	0.38%	-0.04%	-0.39%	-1.61%	0.09%	-1.36%	-7.57%	-3.45%
Net Income Growth %	8.37%	-0.51%	28.85%	-1.22%	-2.45%	0.28%	1.14%	-10.9%	0.16%	0.45%
Net Income (Continuing)	3.86M	1.68M	56.97M	-11.81M	-41.07M	-32.11M	2.77M	-45.76M	-38.03M	-20.87M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	6.82M	8.08M	6.26M	7.59M	6.7M	5.24M	2.86M	1.48M	767.61K
EPS (Diluted)+	0.04	0.02	1.03	-10.92	-8.38	-7.55	0.75	-7.03	-5.86	-3.22
EPS Growth %	-	-0.58%	55.91%	-11.6%	0.23%	0.1%	1.1%	-10.37%	0.17%	0.45%
EPS (Basic)	0.04	0.02	1.03	-10.92	-8.38	-7.55	0.75	-7.03	-5.86	-3.22
Diluted Shares Outstanding	89.76M	103.67M	54.45M	1.13M	5.06M	4.06M	5.93M	6.25M	6.28M	6.28M
Basic Shares Outstanding	89.76M	103.67M	54.45M	1.13M	5.06M	4.06M	5.92M	6.25M	6.28M	6.28M
Dividend Payout Ratio	-	0.73%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25.82M	35.78M	313.09M	125.03M	28.83M	68.6M	298.83M	269.11M	250.43M	230.77M
Cash & Short-Term Investments	14.05M	10.03M	132.7M	10M	3.46M	54.5M	275.49M	257.16M	242.13M	219.31M
Cash Only	14M	9.99M	132.66M	10M	3.46M	13.67M	240.04M	251.32M	241.63M	213.82M
Short-Term Investments	52.82K	41.87K	38.39K	0	0	40.84M	35.44M	5.84M	496.12K	4.91M
Accounts Receivable	9.4M	14.74M	18.28M	21.58M	8.13M	7.97M	9.87M	3.33M	946.51K	1.59M
Days Sales Outstanding	228.15	284.53	45.19	24.68	27.2	153.09	70.04	37.65	71.16	98.69
Inventory	2.36M	10.57M	162.11M	66.27M	13.09M	3.85M	8.19M	1.62M	198.85K	667.43K
Days Inventory Outstanding	126.14	387.68	874.26	82.11	34.22	64.07	134.57	47.48	3.37	52.06
Other Current Assets	189.22K	431.17K	0	27.19M	4.15M	2.28M	6.34M	8.17M	5.78M	8.81M
Total Non-Current Assets+	3.65M	10.55M	19.12M	21.7M	18.33M	75.6M	87.03M	75.06M	47.81M	45.04M
Property, Plant & Equipment	612.91K	3.35M	8.27M	17M	14.54M	30.04M	36.6M	42.41M	39.3M	33.3M
Fixed Asset Turnover	24.54x	5.64x	17.85x	18.77x	7.50x	0.63x	1.41x	0.76x	0.12x	0.18x
Goodwill	0	1.81M	1.94M	0	0	0	0	2.3M	0	1.28M
Intangible Assets	2.87M	4.94M	5.8M	4.7M	3.78M	23.08M	22.51M	6.89M	2.33M	3.34M
Long-Term Investments	3.28M	7.04M	-1.94M	2.21M	43.32K	47.45K	883.13K	903.13K	1.2M	602.18K
Other Non-Current Assets	-3.28M	-7.02M	4.2M	-21.7M	-18.33M	22.48M	27.04M	22.55M	4.98M	6.52M
Total Assets+	29.46M	46.33M	332.2M	149.46M	82.61M	144.2M	385.86M	344.17M	298.24M	275.8M
Asset Turnover	0.51x	0.41x	0.44x	2.13x	1.32x	0.13x	0.13x	0.09x	0.02x	0.02x
Asset Growth %	1.25%	0.57%	6.17%	-0.55%	-0.45%	0.75%	1.68%	-0.11%	-0.13%	-0.08%
Total Current Liabilities+	4.7M	15.17M	225.77M	77M	39.05M	34.26M	14.71M	15.49M	11.96M	11.85M
Accounts Payable	1.91M	1.93M	9.89M	43.63M	11.83M	2.76M	3.39M	1.46M	292.57K	286.1K
Days Payables Outstanding	102.01	70.81	53.32	54.06	30.93	46.03	55.63	42.73	4.95	22.32
Short-Term Debt	0	9.72M	5.71M	23.04M	4.86M	1.85M	1.45M	0	0	0
Deferred Revenue (Current)	71.92K	85.91K	1000K	1000K	1000K	1000K	894.17K	1000K	122.52K	55.4K
Other Current Liabilities	1.84M	2.42M	23.83M	0	12.71M	0	6.07M	9.59M	5.72M	8.72M
Current Ratio	5.50x	2.36x	1.39x	1.62x	0.74x	2.00x	20.32x	17.38x	20.94x	19.47x
Quick Ratio	4.99x	1.66x	0.67x	0.76x	0.40x	1.89x	19.76x	17.27x	20.92x	19.41x
Cash Conversion Cycle	252.28	601.4	866.13	52.74	30.49	171.14	148.97	42.39	69.57	128.43
Total Non-Current Liabilities+	3.7K	688.54K	666.62K	4.63M	17.63M	119.7K	2.18M	6.89M	4.96M	3.59M
Long-Term Debt	0	0	0	4.63M	17.63M	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	361.75K	118.83K	2M	5.76M	4.88M	2.89M
Deferred Tax Liabilities	3.7K	688.54K	666.62K	0	0	872	178.58K	1.13M	74.22K	326.45K
Other Non-Current Liabilities	0	0	0	0	0	872	0	1.13M	0	376.84K
Total Liabilities	4.7M	15.86M	226.44M	81.63M	57.04M	34.38M	16.88M	22.38M	16.92M	15.44M
Total Debt+	305.07K	11.48M	5.71M	27.67M	23.69M	2.65M	3.45M	7.26M	6.68M	4.03M
Net Debt	-13.69M	1.49M	-126.95M	17.67M	20.22M	-11.02M	-236.6M	-244.07M	-234.96M	-209.79M
Debt / Equity	0.01x	0.38x	0.05x	0.41x	0.93x	0.02x	0.01x	0.02x	0.02x	0.02x
Debt / EBITDA	0.06x	3.78x	0.08x	25.01x	-	-	0.42x	-	-	-
Net Debt / EBITDA	-2.74x	0.49x	-1.86x	15.97x	-	-	-28.55x	-	-	-
Interest Coverage	-	10.27x	227.00x	-4.01x	-24.80x	-36.59x	463.24x	-	-	-
Total Equity+	24.76M	30.47M	105.77M	67.83M	25.57M	109.82M	368.98M	321.79M	281.32M	260.36M
Equity Growth %	1.32%	0.23%	2.47%	-0.36%	-0.62%	3.29%	2.36%	-0.13%	-0.13%	-0.07%
Book Value per Share	0.28	0.29	1.94	60.19	5.05	27.02	62.23	51.51	44.83	41.45
Total Shareholders' Equity	24.76M	23.66M	97.68M	61.57M	17.98M	103.13M	363.74M	318.93M	279.84M	259.59M
Common Stock	10.79M	15.12M	17.16M	14.33K	14.33K	17.39K	23.83K	24.06K	24.16K	24.16K
Retained Earnings	5.46M	5.39M	58.99M	45.55M	3.14M	-38.58M	-34.18M	-78.07M	-114.84M	-135.09M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	606.6K	794.45K	4.73M	2.63M	1.98M	3.4M	4.18M	-644.88K	-2.81M	-1.79M
Minority Interest	0	6.82M	8.08M	6.26M	7.59M	6.7M	5.24M	2.86M	1.48M	767.61K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.35M	-8.12M	122.49M	-108.23M	-13.26M	-15.83M	-12.97M	4.3M	-11.65M	-17.61M
Operating CF Margin %	0.16%	-0.43%	0.83%	-0.34%	-0.12%	-0.83%	-0.25%	0.13%	-2.4%	-3%
Operating CF Growth %	3.15%	-4.46%	16.08%	-1.88%	0.88%	-0.19%	0.18%	1.33%	-3.71%	-0.51%
Net Income	3.86M	1.87M	55.91M	-12.31M	-42.4M	-24.46M	4.43M	-43.89M	-36.77M	-20.25M
Depreciation & Amortization	999.18K	1.47M	3.24M	4.8M	8.86M	7.15M	6.26M	10.71M	3.52M	2.6M
Stock-Based Compensation	0	0	0	0	0	0	707K	3.9M	-153.03K	0
Deferred Taxes	0	0	0	-9.67M	0	8.63M	-2.85M	-80.6K	-1.03M	-42.55K
Other Non-Cash Items	5.53M	14.74M	-37.57M	-100.72M	-43.72M	-504.56K	8.1M	38.55M	25.88M	1.22M
Working Capital Changes	-3.02M	-11.63M	53.7M	30.44M	64M	-6.64M	-29.62M	-4.9M	-3.1M	-1.14M
Change in Receivables	-3.74M	-6.6M	-111.32M	-7.05M	13.25M	-1.35M	-2.69M	2.88M	2.61M	49.13K
Change in Inventory	-1.28M	-4.95M	-37.54M	37.48M	50.75M	9.73M	-5.39M	-364.14K	106.92K	-170.63K
Change in Payables	2M	-75.26K	202.56M	13.63M	-31.55M	-9.23M	559.82K	-1.79M	-1.13M	-112.41K
Cash from Investing+	-63.8K	454.43K	-9.56M	-6.28M	-5.81M	-63.18M	-6.51M	5.75M	2.75M	-9.89M
Capital Expenditures	-118.69K	-613.68K	-9.84M	-5.94M	-5.83M	-22.76M	-8.52M	-14.06M	-10.15M	-4.94M
CapEx % of Revenue	0.01%	0.03%	0.07%	0.02%	0.05%	1.2%	0.17%	0.44%	2.09%	0.84%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	54.77K	52.41K	0	-343.74K	0	362.31K	-357.26K	-856.55K	7.2M	15.25K
Cash from Financing+	11.2M	4.27M	4.78M	13.96M	8.55M	92.06M	247.18M	-20K	0	0
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-1.37M	0	-6.5M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	11.2M	970.71K	0	-388.45K	7.69M	-27.66M	-5.67M	-20K	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.23M	-8.74M	112.65M	-114.17M	-19.09M	-38.59M	-21.49M	-9.77M	-21.8M	-22.55M
FCF Margin %	0.15%	-0.46%	0.76%	-0.36%	-0.18%	-2.03%	-0.42%	-0.3%	-4.49%	-3.84%
FCF Growth %	2.64%	-4.92%	13.89%	-2.01%	0.83%	-1.02%	0.44%	0.55%	-1.23%	-0.03%
FCF per Share	0.02	-0.08	2.07	-101.31	-3.77	-9.49	-3.62	-1.56	-3.47	-3.59
FCF Conversion (FCF/Net Income)	0.61x	-4.34x	2.19x	8.79x	0.31x	0.52x	-2.93x	-0.10x	0.32x	0.87x
Interest Paid	0	0	0	480.54K	1.32M	1.49M	4.38K	0	0	0
Taxes Paid	0	0	0	11.76M	8.12M	293.03K	928	7.67K	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.77%	6.78%	82.07%	-14.18%	-90.8%	-45.31%	1.85%	-12.71%	-12.19%	-7.48%
Return on Invested Capital (ROIC)	28.9%	5.44%	907.14%	-8.61%	-57.85%	-27.64%	1.32%	-34.26%	-64.84%	-47%
Gross Margin	54.53%	47.37%	54.15%	7.66%	-28.02%	-15.26%	56.8%	61.52%	-344.04%	20.27%
Net Margin	25.64%	9.9%	37.87%	-3.86%	-38.88%	-161.41%	8.61%	-135.76%	-757.38%	-345.06%
Debt / Equity	0.01x	0.38x	0.05x	0.41x	0.93x	0.02x	0.01x	0.02x	0.02x	0.02x
Interest Coverage	-	10.27x	227.00x	-4.01x	-24.80x	-36.59x	463.24x	-	-	-
FCF Conversion	0.61x	-4.34x	2.19x	8.79x	0.31x	0.52x	-2.93x	-0.10x	0.32x	0.87x
Revenue Growth	78.03%	25.7%	680.81%	116.12%	-65.82%	-82.57%	170.73%	-37.17%	-84.98%	20.88%

Revenue by Segment

	2020	2023	2024
Service	-	4.07M	4.69M
Service Growth	-	-	15.14%
Product	-	782.35K	1.18M
Product Growth	-	-	50.75%
ServiceManagementAndMaintenanceMember	9.33M	-	-
ServiceManagementAndMaintenanceMember Growth	-	-	-
ProductSaleBitcoinMiningMachinesAndRelatedAccessoriesMember	7.95M	-	-
ProductSaleBitcoinMiningMachinesAndRelatedAccessoriesMember Growth	-	-	-
ProductSaleTelecommunicationMember	1.73M	-	-
ProductSaleTelecommunicationMember Growth	-	-	-

Revenue by Geography

	2020	2023	2024
AUSTRALIA	-	3.68M	4.35M
AUSTRALIA Growth	-	-	18.25%
CHINA	-	-	1.52M
CHINA Growth	-	-	-
MainlandChinaMember	18.96M	-	-
MainlandChinaMember Growth	-	-	-
OtherForeignCountriesMember	32.83K	-	-
OtherForeignCountriesMember Growth	-	-	-

Frequently Asked Questions

Growth & Financials

Ebang International Holdings Inc. (EBON) reported $10.2M in revenue for fiscal year 2024. This represents a 21% increase from $8.4M in 2014.

Ebang International Holdings Inc. (EBON) grew revenue by 20.9% over the past year. This is strong growth.

Ebang International Holdings Inc. (EBON) reported a net loss of $53.7M for fiscal year 2024.

Dividend & Returns

Ebang International Holdings Inc. (EBON) has a return on equity (ROE) of -7.5%. Negative ROE indicates the company is unprofitable.

Ebang International Holdings Inc. (EBON) had negative free cash flow of $22.6M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Ebang International Holdings Inc. (EBON) 10-Year Financial Performance & Capital Metrics

EBON • • Industrial / General

TechnologyComputer HardwareCryptocurrency Mining HardwareBitcoin Mining Equipment

Revenue $6M +20.9%
EBITDA -$28M +44.6%
Net Income -$20M +44.9%
EPS (Diluted) -3.22 +45.1%
Gross Margin 20.27% +105.9%
EBITDA Margin -473.21% +54.2%
Operating Margin -517.53% +53.2%
Net Margin -345.06% +54.4%
ROE -7.48% +38.7%
ROIC -47% +27.5%
Debt/Equity 0.02 -34.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.1x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 44.3% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-3.58%

5Y-44.26%

3Y-51.5%

TTM-85.31%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-22.94%

EPS CAGR

10Y-

5Y-

3Y-

TTM-22.49%

ROCE

10Y Avg-4.46%

5Y Avg-15.21%

3Y Avg-14.07%

Latest-11.04%

Peer Comparison

Bitcoin Mining Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
BGINBGIN BLOCKCHAIN Ltd	297.11M	3.28	5.66	17.5%	21.81%	36.73%	0.00
CANCanaan Inc.	539.21M	0.82	-0.89	27.35%	-77.01%	-82.19%	0.36
EBONEbang International Holdings Inc.	16.31M	3.45	-1.07	20.88%	-5.26%	-21.11%	0.02

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	15.04M	18.91M	147.62M	319.04M	109.06M	19M	51.45M	32.33M	4.86M	5.87M
Revenue Growth %	0.78%	0.26%	6.81%	1.16%	-0.66%	-0.83%	1.71%	-0.37%	-0.85%	0.21%
Cost of Goods Sold+	6.84M	9.95M	67.68M	294.6M	139.62M	21.9M	22.23M	12.44M	21.56M	4.68M
COGS % of Revenue	0.45%	0.53%	0.46%	0.92%	1.28%	1.15%	0.43%	0.38%	4.44%	0.8%
Gross Profit+	8.2M	8.96M	79.94M	24.45M	-30.56M	-2.9M	29.22M	19.89M	-16.7M	1.19M
Gross Margin %	0.55%	0.47%	0.54%	0.08%	-0.28%	-0.15%	0.57%	0.62%	-3.44%	0.2%
Gross Profit Growth %	0.88%	0.09%	7.93%	-0.69%	-2.25%	0.91%	11.08%	-0.32%	-1.84%	1.07%
Operating Expenses+	4.2M	7.39M	14.74M	34.89M	8.28M	23.75M	27.19M	63.4M	36.94M	31.56M
OpEx % of Revenue	0.28%	0.39%	0.1%	0.11%	0.08%	1.25%	0.53%	1.96%	7.61%	5.38%
Selling, General & Admin	2.44M	4.06M	5.48M	55.51M	20.08M	23.75M	27.19M	42.67M	30.94M	31.56M
SG&A % of Revenue	0.16%	0.21%	0.04%	0.17%	0.18%	1.25%	0.53%	1.32%	6.37%	5.38%
Research & Development	1.76M	3.33M	9.26M	43.49M	13.37M	8.46M	6.56M	5.15M	7.4M	0
R&D % of Revenue	0.12%	0.18%	0.06%	0.14%	0.12%	0.45%	0.13%	0.16%	1.52%	-
Other Operating Expenses	0	0	0	27.37M	-25.17M	-8.46M	-6.56M	15.58M	-1.4M	0
Operating Income+	4M	1.56M	65.2M	-3.69M	-50.64M	-26.65M	2.03M	-47.99M	-53.64M	-30.37M
Operating Margin %	0.27%	0.08%	0.44%	-0.01%	-0.46%	-1.4%	0.04%	-1.48%	-11.05%	-5.18%
Operating Income Growth %	48.05%	-0.61%	40.74%	-1.06%	-12.71%	0.47%	1.08%	-24.64%	-0.12%	0.43%
EBITDA+	5M	3.03M	68.44M	1.11M	-41.78M	-19.49M	8.29M	-37.28M	-50.12M	-27.77M
EBITDA Margin %	0.33%	0.16%	0.46%	0%	-0.38%	-1.03%	0.16%	-1.15%	-10.32%	-4.73%
EBITDA Growth %	3.81%	-0.39%	21.55%	-0.98%	-38.76%	0.53%	1.43%	-5.5%	-0.34%	0.45%
D&A (Non-Cash Add-back)	999.18K	1.47M	3.24M	4.8M	8.86M	7.15M	6.26M	10.71M	3.52M	2.6M
EBIT	4.38M	1.82M	65.46M	-9.99M	-38.63M	-22.13M	2.39M	-45.83M	-39.07M	-30.32M
Net Interest Income+	0	-111.32K	80.35K	-467.06K	-1.82M	96.09K	1.78M	4.36M	11.94M	11.37M
Interest Income	55.27K	40.85K	367.55K	453.99K	217.2K	824.43K	1.78M	4.36M	11.94M	11.37M
Interest Expense	0	152.18K	287.2K	921.05K	2.04M	728.35K	4.38K	0	0	0
Other Income/Expense	377.39K	105.82K	-23.38K	20.15M	9.97M	3.79M	358.61K	2.16M	14.57M	9.46M
Pretax Income+	4.38M	1.67M	65.17M	-10.91M	-40.67M	-22.86M	2.39M	-45.83M	-39.07M	-20.91M
Pretax Margin %	0.29%	0.09%	0.44%	-0.03%	-0.37%	-1.2%	0.05%	-1.42%	-8.05%	-3.56%
Income Tax+	519.16K	-9.03K	8.21M	899.59K	400.31K	9.25M	-378.84K	-72.93K	-1.03M	-42.55K
Effective Tax Rate %	0.88%	1.12%	0.86%	1.13%	1.04%	1.34%	1.85%	0.96%	0.94%	0.97%
Net Income+	3.86M	1.87M	55.91M	-12.31M	-42.4M	-30.68M	4.43M	-43.89M	-36.77M	-20.25M
Net Margin %	0.26%	0.1%	0.38%	-0.04%	-0.39%	-1.61%	0.09%	-1.36%	-7.57%	-3.45%
Net Income Growth %	8.37%	-0.51%	28.85%	-1.22%	-2.45%	0.28%	1.14%	-10.9%	0.16%	0.45%
Net Income (Continuing)	3.86M	1.68M	56.97M	-11.81M	-41.07M	-32.11M	2.77M	-45.76M	-38.03M	-20.87M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	6.82M	8.08M	6.26M	7.59M	6.7M	5.24M	2.86M	1.48M	767.61K
EPS (Diluted)+	0.04	0.02	1.03	-10.92	-8.38	-7.55	0.75	-7.03	-5.86	-3.22
EPS Growth %	-	-0.58%	55.91%	-11.6%	0.23%	0.1%	1.1%	-10.37%	0.17%	0.45%
EPS (Basic)	0.04	0.02	1.03	-10.92	-8.38	-7.55	0.75	-7.03	-5.86	-3.22
Diluted Shares Outstanding	89.76M	103.67M	54.45M	1.13M	5.06M	4.06M	5.93M	6.25M	6.28M	6.28M
Basic Shares Outstanding	89.76M	103.67M	54.45M	1.13M	5.06M	4.06M	5.92M	6.25M	6.28M	6.28M
Dividend Payout Ratio	-	0.73%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25.82M	35.78M	313.09M	125.03M	28.83M	68.6M	298.83M	269.11M	250.43M	230.77M
Cash & Short-Term Investments	14.05M	10.03M	132.7M	10M	3.46M	54.5M	275.49M	257.16M	242.13M	219.31M
Cash Only	14M	9.99M	132.66M	10M	3.46M	13.67M	240.04M	251.32M	241.63M	213.82M
Short-Term Investments	52.82K	41.87K	38.39K	0	0	40.84M	35.44M	5.84M	496.12K	4.91M
Accounts Receivable	9.4M	14.74M	18.28M	21.58M	8.13M	7.97M	9.87M	3.33M	946.51K	1.59M
Days Sales Outstanding	228.15	284.53	45.19	24.68	27.2	153.09	70.04	37.65	71.16	98.69
Inventory	2.36M	10.57M	162.11M	66.27M	13.09M	3.85M	8.19M	1.62M	198.85K	667.43K
Days Inventory Outstanding	126.14	387.68	874.26	82.11	34.22	64.07	134.57	47.48	3.37	52.06
Other Current Assets	189.22K	431.17K	0	27.19M	4.15M	2.28M	6.34M	8.17M	5.78M	8.81M
Total Non-Current Assets+	3.65M	10.55M	19.12M	21.7M	18.33M	75.6M	87.03M	75.06M	47.81M	45.04M
Property, Plant & Equipment	612.91K	3.35M	8.27M	17M	14.54M	30.04M	36.6M	42.41M	39.3M	33.3M
Fixed Asset Turnover	24.54x	5.64x	17.85x	18.77x	7.50x	0.63x	1.41x	0.76x	0.12x	0.18x
Goodwill	0	1.81M	1.94M	0	0	0	0	2.3M	0	1.28M
Intangible Assets	2.87M	4.94M	5.8M	4.7M	3.78M	23.08M	22.51M	6.89M	2.33M	3.34M
Long-Term Investments	3.28M	7.04M	-1.94M	2.21M	43.32K	47.45K	883.13K	903.13K	1.2M	602.18K
Other Non-Current Assets	-3.28M	-7.02M	4.2M	-21.7M	-18.33M	22.48M	27.04M	22.55M	4.98M	6.52M
Total Assets+	29.46M	46.33M	332.2M	149.46M	82.61M	144.2M	385.86M	344.17M	298.24M	275.8M
Asset Turnover	0.51x	0.41x	0.44x	2.13x	1.32x	0.13x	0.13x	0.09x	0.02x	0.02x
Asset Growth %	1.25%	0.57%	6.17%	-0.55%	-0.45%	0.75%	1.68%	-0.11%	-0.13%	-0.08%
Total Current Liabilities+	4.7M	15.17M	225.77M	77M	39.05M	34.26M	14.71M	15.49M	11.96M	11.85M
Accounts Payable	1.91M	1.93M	9.89M	43.63M	11.83M	2.76M	3.39M	1.46M	292.57K	286.1K
Days Payables Outstanding	102.01	70.81	53.32	54.06	30.93	46.03	55.63	42.73	4.95	22.32
Short-Term Debt	0	9.72M	5.71M	23.04M	4.86M	1.85M	1.45M	0	0	0
Deferred Revenue (Current)	71.92K	85.91K	1000K	1000K	1000K	1000K	894.17K	1000K	122.52K	55.4K
Other Current Liabilities	1.84M	2.42M	23.83M	0	12.71M	0	6.07M	9.59M	5.72M	8.72M
Current Ratio	5.50x	2.36x	1.39x	1.62x	0.74x	2.00x	20.32x	17.38x	20.94x	19.47x
Quick Ratio	4.99x	1.66x	0.67x	0.76x	0.40x	1.89x	19.76x	17.27x	20.92x	19.41x
Cash Conversion Cycle	252.28	601.4	866.13	52.74	30.49	171.14	148.97	42.39	69.57	128.43
Total Non-Current Liabilities+	3.7K	688.54K	666.62K	4.63M	17.63M	119.7K	2.18M	6.89M	4.96M	3.59M
Long-Term Debt	0	0	0	4.63M	17.63M	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	361.75K	118.83K	2M	5.76M	4.88M	2.89M
Deferred Tax Liabilities	3.7K	688.54K	666.62K	0	0	872	178.58K	1.13M	74.22K	326.45K
Other Non-Current Liabilities	0	0	0	0	0	872	0	1.13M	0	376.84K
Total Liabilities	4.7M	15.86M	226.44M	81.63M	57.04M	34.38M	16.88M	22.38M	16.92M	15.44M
Total Debt+	305.07K	11.48M	5.71M	27.67M	23.69M	2.65M	3.45M	7.26M	6.68M	4.03M
Net Debt	-13.69M	1.49M	-126.95M	17.67M	20.22M	-11.02M	-236.6M	-244.07M	-234.96M	-209.79M
Debt / Equity	0.01x	0.38x	0.05x	0.41x	0.93x	0.02x	0.01x	0.02x	0.02x	0.02x
Debt / EBITDA	0.06x	3.78x	0.08x	25.01x	-	-	0.42x	-	-	-
Net Debt / EBITDA	-2.74x	0.49x	-1.86x	15.97x	-	-	-28.55x	-	-	-
Interest Coverage	-	10.27x	227.00x	-4.01x	-24.80x	-36.59x	463.24x	-	-	-
Total Equity+	24.76M	30.47M	105.77M	67.83M	25.57M	109.82M	368.98M	321.79M	281.32M	260.36M
Equity Growth %	1.32%	0.23%	2.47%	-0.36%	-0.62%	3.29%	2.36%	-0.13%	-0.13%	-0.07%
Book Value per Share	0.28	0.29	1.94	60.19	5.05	27.02	62.23	51.51	44.83	41.45
Total Shareholders' Equity	24.76M	23.66M	97.68M	61.57M	17.98M	103.13M	363.74M	318.93M	279.84M	259.59M
Common Stock	10.79M	15.12M	17.16M	14.33K	14.33K	17.39K	23.83K	24.06K	24.16K	24.16K
Retained Earnings	5.46M	5.39M	58.99M	45.55M	3.14M	-38.58M	-34.18M	-78.07M	-114.84M	-135.09M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	606.6K	794.45K	4.73M	2.63M	1.98M	3.4M	4.18M	-644.88K	-2.81M	-1.79M
Minority Interest	0	6.82M	8.08M	6.26M	7.59M	6.7M	5.24M	2.86M	1.48M	767.61K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.35M	-8.12M	122.49M	-108.23M	-13.26M	-15.83M	-12.97M	4.3M	-11.65M	-17.61M
Operating CF Margin %	0.16%	-0.43%	0.83%	-0.34%	-0.12%	-0.83%	-0.25%	0.13%	-2.4%	-3%
Operating CF Growth %	3.15%	-4.46%	16.08%	-1.88%	0.88%	-0.19%	0.18%	1.33%	-3.71%	-0.51%
Net Income	3.86M	1.87M	55.91M	-12.31M	-42.4M	-24.46M	4.43M	-43.89M	-36.77M	-20.25M
Depreciation & Amortization	999.18K	1.47M	3.24M	4.8M	8.86M	7.15M	6.26M	10.71M	3.52M	2.6M
Stock-Based Compensation	0	0	0	0	0	0	707K	3.9M	-153.03K	0
Deferred Taxes	0	0	0	-9.67M	0	8.63M	-2.85M	-80.6K	-1.03M	-42.55K
Other Non-Cash Items	5.53M	14.74M	-37.57M	-100.72M	-43.72M	-504.56K	8.1M	38.55M	25.88M	1.22M
Working Capital Changes	-3.02M	-11.63M	53.7M	30.44M	64M	-6.64M	-29.62M	-4.9M	-3.1M	-1.14M
Change in Receivables	-3.74M	-6.6M	-111.32M	-7.05M	13.25M	-1.35M	-2.69M	2.88M	2.61M	49.13K
Change in Inventory	-1.28M	-4.95M	-37.54M	37.48M	50.75M	9.73M	-5.39M	-364.14K	106.92K	-170.63K
Change in Payables	2M	-75.26K	202.56M	13.63M	-31.55M	-9.23M	559.82K	-1.79M	-1.13M	-112.41K
Cash from Investing+	-63.8K	454.43K	-9.56M	-6.28M	-5.81M	-63.18M	-6.51M	5.75M	2.75M	-9.89M
Capital Expenditures	-118.69K	-613.68K	-9.84M	-5.94M	-5.83M	-22.76M	-8.52M	-14.06M	-10.15M	-4.94M
CapEx % of Revenue	0.01%	0.03%	0.07%	0.02%	0.05%	1.2%	0.17%	0.44%	2.09%	0.84%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	54.77K	52.41K	0	-343.74K	0	362.31K	-357.26K	-856.55K	7.2M	15.25K
Cash from Financing+	11.2M	4.27M	4.78M	13.96M	8.55M	92.06M	247.18M	-20K	0	0
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-1.37M	0	-6.5M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	11.2M	970.71K	0	-388.45K	7.69M	-27.66M	-5.67M	-20K	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.23M	-8.74M	112.65M	-114.17M	-19.09M	-38.59M	-21.49M	-9.77M	-21.8M	-22.55M
FCF Margin %	0.15%	-0.46%	0.76%	-0.36%	-0.18%	-2.03%	-0.42%	-0.3%	-4.49%	-3.84%
FCF Growth %	2.64%	-4.92%	13.89%	-2.01%	0.83%	-1.02%	0.44%	0.55%	-1.23%	-0.03%
FCF per Share	0.02	-0.08	2.07	-101.31	-3.77	-9.49	-3.62	-1.56	-3.47	-3.59
FCF Conversion (FCF/Net Income)	0.61x	-4.34x	2.19x	8.79x	0.31x	0.52x	-2.93x	-0.10x	0.32x	0.87x
Interest Paid	0	0	0	480.54K	1.32M	1.49M	4.38K	0	0	0
Taxes Paid	0	0	0	11.76M	8.12M	293.03K	928	7.67K	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.77%	6.78%	82.07%	-14.18%	-90.8%	-45.31%	1.85%	-12.71%	-12.19%	-7.48%
Return on Invested Capital (ROIC)	28.9%	5.44%	907.14%	-8.61%	-57.85%	-27.64%	1.32%	-34.26%	-64.84%	-47%
Gross Margin	54.53%	47.37%	54.15%	7.66%	-28.02%	-15.26%	56.8%	61.52%	-344.04%	20.27%
Net Margin	25.64%	9.9%	37.87%	-3.86%	-38.88%	-161.41%	8.61%	-135.76%	-757.38%	-345.06%
Debt / Equity	0.01x	0.38x	0.05x	0.41x	0.93x	0.02x	0.01x	0.02x	0.02x	0.02x
Interest Coverage	-	10.27x	227.00x	-4.01x	-24.80x	-36.59x	463.24x	-	-	-
FCF Conversion	0.61x	-4.34x	2.19x	8.79x	0.31x	0.52x	-2.93x	-0.10x	0.32x	0.87x
Revenue Growth	78.03%	25.7%	680.81%	116.12%	-65.82%	-82.57%	170.73%	-37.17%	-84.98%	20.88%

Revenue by Segment

	2020	2023	2024
Service	-	4.07M	4.69M
Service Growth	-	-	15.14%
Product	-	782.35K	1.18M
Product Growth	-	-	50.75%
ServiceManagementAndMaintenanceMember	9.33M	-	-
ServiceManagementAndMaintenanceMember Growth	-	-	-
ProductSaleBitcoinMiningMachinesAndRelatedAccessoriesMember	7.95M	-	-
ProductSaleBitcoinMiningMachinesAndRelatedAccessoriesMember Growth	-	-	-
ProductSaleTelecommunicationMember	1.73M	-	-
ProductSaleTelecommunicationMember Growth	-	-	-

Revenue by Geography

	2020	2023	2024
AUSTRALIA	-	3.68M	4.35M
AUSTRALIA Growth	-	-	18.25%
CHINA	-	-	1.52M
CHINA Growth	-	-	-
MainlandChinaMember	18.96M	-	-
MainlandChinaMember Growth	-	-	-
OtherForeignCountriesMember	32.83K	-	-
OtherForeignCountriesMember Growth	-	-	-

Frequently Asked Questions

Growth & Financials

Ebang International Holdings Inc. (EBON) reported $10.2M in revenue for fiscal year 2024. This represents a 21% increase from $8.4M in 2014.

Ebang International Holdings Inc. (EBON) grew revenue by 20.9% over the past year. This is strong growth.

Ebang International Holdings Inc. (EBON) reported a net loss of $53.7M for fiscal year 2024.

Dividend & Returns

Ebang International Holdings Inc. (EBON) has a return on equity (ROE) of -7.5%. Negative ROE indicates the company is unprofitable.

Ebang International Holdings Inc. (EBON) had negative free cash flow of $22.6M in fiscal year 2024, likely due to heavy capital investments.