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EZGO logoEZGO Technologies Ltd.(EZGO)Earnings, Financials & Key Ratios

EZGO•NASDAQ
$1.90
$17203 mkt cap·Price updated May 6, 2026
SectorConsumer CyclicalIndustryRecreational VehiclesSub-IndustryEmerging Electric Mobility Platforms
AboutEZGO Technologies Ltd., through its subsidiaries, engages in the design, manufacture, rental, and sale of e-bicycles and e-tricycles in the People's Republic of China. It is also involved the rental and sale of lithium batteries; and sale, franchising, and operation of smart charging piles for e-bicycles and other electronic devices. The company offers its e-bicycles and e-tricycles under the Dilang, Cenbird, and EZGO brands; and smart charging piles under the Hengdian brand. Further, it sells battery packs and cells. In addition, the company engages in the development, operation, and maintenance of software related to e-bicycle and battery rental services. The company was formerly known as EZGO IOT Tech & Services Co., Ltd. EZGO Technologies Ltd. was founded in 2014 and is headquartered in Changzhou, China.Show more
  • Revenue$20M+12.4%
  • EBITDA-$1M+22.7%
  • Net Income-$9M-19.3%
  • EPS (Diluted)-960.04-1271.5%
  • Gross Margin6.52%-30.0%
  • EBITDA Margin-6.29%+31.3%
  • Operating Margin-9.54%+25.5%
  • Net Margin-42.43%-6.1%
  • ROE-15.53%-35.9%
  • ROIC-2.2%+20.4%
  • Debt/Equity0.22-7.2%
  • Interest Coverage-14.97+46.8%
Technical→

EZGO Key Insights

EZGO Technologies Ltd. (EZGO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Share count reduced 91.3% through buybacks
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 10 (bottom 10%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

EZGO Price & Volume

EZGO Technologies Ltd. (EZGO) stock price & volume — 10-year historical chart

Loading chart...

EZGO Growth Metrics

EZGO Technologies Ltd. (EZGO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years6.09%
3 Years5.62%
TTM16.21%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-20.61%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-278.15%

Return on Capital

10 Years-1.48%
5 Years-10.43%
3 Years-5.21%
Last Year-3.1%

EZGO Peer Comparison

EZGO Technologies Ltd. (EZGO) competitors in Emerging Electric Mobility Platforms — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
AIOT logoAIOTPowerFleet, Inc.Direct Competitor453.23M3.33-7.74-7.4%-6.64%0.64
WKHS logoWKHSWorkhorse Group Inc.Direct Competitor27.98M3.18-0.06-49.47%-6.07%-198.1%0.37
NIU logoNIUNiu TechnologiesProduct Competitor244.82M3.09-8.6324%-0.54%-2.56%0.22
KNDI logoKNDIKandi Technologies Group, Inc.Product Competitor64.14M0.75-0.67-31.46%-49.1%-13.92%100%0.17
XPEV logoXPEVXPeng Inc.Product Competitor5.52B15.82-17.6233.22%-7.1%-13.77%0.51
NIO logoNIONIO Inc.Product Competitor12.34B5.90-3.6518.18%-35.01%-270.66%2.50
LI logoLILi Auto Inc.Product Competitor35.7B17.7816.0816.71%3.59%6.21%3.37%0.23
AMSC logoAMSCAmerican Superconductor CorporationSupply Chain2.64B55.01343.8152.99%46.7%24.31%0.98%0.02

Compare EZGO vs Peers

EZGO Technologies Ltd. (EZGO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AIOT

Most directly comparable listed peer for EZGO.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare EZGO against a more recognizable public peer.

Peer Set

Compare Top 5

vs AIOT, WKHS, NIU, KNDI

EZGO Income Statement

EZGO Technologies Ltd. (EZGO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemSep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25
Sales/Revenue3.19M5.19M15.24M23.42M17.39M15.92M18.22M20.49M
Revenue Growth %-62.75%193.46%53.65%-25.76%-8.45%14.46%12.42%
Cost of Goods Sold1.67M2.01M13.7M23.04M17.17M14.78M16.53M19.15M
COGS % of Revenue52.26%38.78%89.9%98.37%98.74%92.84%90.69%93.48%
Gross Profit
1.52M▲ 0%
3.18M▲ 108.7%
1.54M▼ 51.6%
382.48K▼ 75.1%
219.04K▼ 42.7%
1.14M▲ 420.2%
1.7M▲ 48.9%
1.33M▼ 21.3%
Gross Margin %47.74%61.22%10.1%1.63%1.26%7.16%9.31%6.52%
Gross Profit Growth %-108.69%-51.6%-75.15%-42.73%420.18%48.87%-21.31%
Operating Expenses463.83K932.07K1.47M4.26M6.68M5.93M4.03M3.29M
OpEx % of Revenue14.53%17.94%9.62%18.19%38.42%37.26%22.11%16.05%
Selling, General & Admin463.83K932.07K1.47M4.26M6.68M5.28M3.14M2.33M
SG&A % of Revenue14.53%17.94%9.62%18.19%38.42%33.16%17.24%11.4%
Research & Development00000652.37K888.49K954.18K
R&D % of Revenue-----4.1%4.88%4.66%
Other Operating Expenses00000000
Operating Income
1.06M▲ 0%
2.25M▲ 112.1%
71.97K▼ 96.8%
-3.88M▼ 5487.8%
-6.46M▼ 66.7%
-4.79M▲ 25.8%
-2.33M▲ 51.3%
-1.95M▲ 16.3%
Operating Margin %33.21%43.28%0.47%-16.55%-37.16%-30.1%-12.81%-9.54%
Operating Income Growth %-112.08%-96.8%-5487.85%-66.67%25.85%51.3%16.27%
EBITDA1.66M3.19M157.65K-3.44M-5.64M-3.61M-1.67M-1.29M
EBITDA Margin %51.98%61.45%1.03%-14.68%-32.42%-22.67%-9.15%-6.29%
EBITDA Growth %-92.41%-95.06%-2281.07%-63.97%35.99%53.82%22.73%
D&A (Non-Cash Add-back)599.04K944.04K85.68K439.04K824.66K1.18M666.67K665.83K
EBIT1.12M2.67M465.17K-3.74M-6.82M-7.32M-6.57M-8.31M
Net Interest Income311-18.86K-14.8K-60.76K-40.05K109.54K352.29K-19.53K
Interest Income3110000109.54K435.25K110.97K
Interest Expense018.86K14.8K60.76K40.05K082.96K130.51K
Other Income/Expense63.77K405.62K378.39K80.77K-397.5K-2.53M-4.31M-6.48M
Pretax Income
1.12M▲ 0%
2.65M▲ 136.1%
450.36K▼ 83.0%
-3.8M▼ 943.0%
-6.86M▼ 80.7%
-7.32M▼ 6.7%
-6.65M▲ 9.2%
-8.44M▼ 26.9%
Pretax Margin %35.21%51.09%2.95%-16.21%-39.45%-45.99%-36.49%-41.18%
Income Tax286.9K723.38K116.06K-419.4K527.12K-62.45K-786.37K1.02M
Effective Tax Rate %25.53%27.26%25.77%11.05%-7.68%0.85%11.83%-12.13%
Net Income
512.54K▲ 0%
1.74M▲ 239.1%
276.92K▼ 84.1%
-2.98M▼ 1175.6%
-6.46M▼ 117.0%
-6.78M▼ 4.9%
-7.28M▼ 7.4%
-8.69M▼ 19.3%
Net Margin %16.06%33.46%1.82%-12.72%-37.17%-42.61%-39.98%-42.43%
Net Income Growth %-239.12%-84.07%-1175.64%-117%-4.94%-7.4%-19.32%
Net Income (Continuing)836.77K1.93M334.3K-3.38M-7.39M-7.26M-5.86M-9.46M
Discontinued Operations-203.02K412.62K-57.38K-36.4K-81.61K573-1.6M277.14K
Minority Interest2.97M4.1M4.28M4.02M2.9M3.09M2.42M2.56M
EPS (Diluted)
16.50▲ 0%
46.75▲ 183.3%
9.00▼ 80.7%
-78.75▼ 975.0%
-135.25▼ 71.7%
-147.75▼ 9.2%
-70.00▲ 52.6%
-960.04▼ 1271.5%
EPS Growth %-183.33%-80.75%-975%-71.75%-9.24%52.62%-1271.49%
EPS (Basic)14.0046.7512.25-77.75-133.50-147.75-70.00-960.04
Diluted Shares Outstanding31.2K31.2K31.2K42.94K54.65K45.88K104.25K9.05K
Basic Shares Outstanding36.88K37.27K22.45K43.47K55.35K45.88K104.25K9.05K
Dividend Payout Ratio--------

EZGO Balance Sheet

EZGO Technologies Ltd. (EZGO) balance sheet — assets, liabilities & shareholders' equity

Line itemSep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25
Total Current Assets9.67M16.69M16.32M27.68M33.15M52.9M41.4M37.55M
Cash & Short-Term Investments27.38K3.63M2.55M8.28M5.12M17.94M5.96M517.34K
Cash Only27.38K3.63M340.53K5.89M4.41M17.25M4.4M517.34K
Short-Term Investments002.21M2.39M702.89K685.31K1.56M0
Accounts Receivable7.13M3.12M8.58M10.37M16.96M13.89M11.06M27.21M
Days Sales Outstanding815.91219.47205.48161.64356.01318.34221.49484.87
Inventory56.83K9.67M3.57M8.33M10.91M19.59M17.41M9.66M
Days Inventory Outstanding12.441.75K95.03131.95231.92483.63384.58184.18
Other Current Assets2.45M199.16K804.31K162.09K60.54K1.42M6.66M83.95K
Total Non-Current Assets4.03M2.48M3.5M14.33M14.35M29.02M43.96M31.51M
Property, Plant & Equipment1.79M2.16M3.11M8.75M4.11M5.4M7.84M9.84M
Fixed Asset Turnover1.78x2.40x4.90x2.68x4.23x2.95x2.32x2.08x
Goodwill000003.06M1.78M0
Intangible Assets0004.51M6.68M2.57M3.73M1.62M
Long-Term Investments3.61M5.13M5.04M132.62K2.1M15.57M14.86M11M
Other Non-Current Assets2.06M282.77K294.57K356.78K1.42M2.25M14.75M9.05M
Total Assets
13.7M▲ 0%
19.17M▲ 39.9%
19.82M▲ 3.4%
42.01M▲ 112.0%
47.51M▲ 13.1%
81.92M▲ 72.4%
85.36M▲ 4.2%
69.07M▼ 19.1%
Asset Turnover0.23x0.27x0.77x0.56x0.37x0.19x0.21x0.30x
Asset Growth %-39.94%3.37%111.99%13.08%72.43%4.2%-19.09%
Total Current Liabilities7.08M6.83M6.67M9.48M13.97M11.04M16.89M11.68M
Accounts Payable553.39K141.07K639.36K651.7K866.04K1.11M1.08M281.17K
Days Payables Outstanding121.1125.5617.0310.3218.4127.5123.755.36
Short-Term Debt04.27M319.63K310.39K2.81M1.67M7.25M5M
Deferred Revenue (Current)26.57K111.61K155.38K94.9K900.44K1.04M372.14K160.69K
Other Current Liabilities6.45M636K1.87M7.73M8.73M6.6M655.53K5.76M
Current Ratio1.37x2.44x2.45x2.92x2.37x4.79x2.45x3.21x
Quick Ratio1.36x1.03x1.91x2.04x1.59x3.02x1.42x2.39x
Cash Conversion Cycle707.241.95K283.49283.26569.52774.46582.32663.69
Total Non-Current Liabilities06.84K0004.39M7.48M6.43M
Long-Term Debt06.84K0004.39M7.46M6.43M
Capital Lease Obligations00000023.07K0
Deferred Tax Liabilities00000000
Other Non-Current Liabilities00000000
Total Liabilities7.08M6.84M6.67M9.48M13.97M15.42M24.38M18.11M
Total Debt027.32K299.31K310.39K2.81M6.1M14.73M11.43M
Net Debt-27.38K-3.61M-41.22K-5.58M-1.6M-11.16M10.33M10.91M
Debt / Equity-0.00x0.02x0.01x0.08x0.09x0.24x0.22x
Debt / EBITDA-0.01x1.90x-----
Net Debt / EBITDA-0.02x-1.13x-0.26x-----
Interest Coverage-119.16x4.86x-63.82x-161.36x--28.13x-14.97x
Total Equity
6.62M▲ 0%
12.33M▲ 86.3%
13.15M▲ 6.6%
32.54M▲ 147.5%
33.54M▲ 3.1%
66.48M▲ 98.2%
60.98M▼ 8.3%
50.96M▼ 16.4%
Equity Growth %-86.3%6.6%147.52%3.08%98.22%-8.27%-16.44%
Book Value per Share212.15395.22421.32757.68613.691448.99585.005628.51
Total Shareholders' Equity3.65M8.23M8.87M28.52M30.64M63.39M58.57M48.4M
Common Stock7.8K7.8K7.8K13.63K24.21K102.1K107.01K732.03K
Retained Earnings-96.83K1.45M1.58M-1.42M-7.89M-14.77M-22.09M-30.52M
Treasury Stock00000000
Accumulated OCI-464.11K-468.68K-46.7K827.92K-2.08M-3.73M-1.62M-3.05M
Minority Interest2.97M4.1M4.28M4.02M2.9M3.09M2.42M2.56M

EZGO Cash Flow Statement

EZGO Technologies Ltd. (EZGO) cash flow — operating, investing & free cash flow history

Line itemSep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25
Cash from Operations952.45K-2.7M4.02M-6.26M-10.36M-9.11M-10.31M-2.21M
Operating CF Margin %29.84%-52.02%26.4%-26.71%-59.55%-57.24%-56.57%-10.77%
Operating CF Growth %--383.71%248.95%-255.45%-65.51%12%-13.13%78.59%
Net Income715.56K1.53M204.55K-2.94M-6.38M-6.78M-5.68M-8.97M
Depreciation & Amortization599.04K944.04K85.68K439.04K824.66K1.18M666.67K665.83K
Stock-Based Compensation00000000
Deferred Taxes286.9K147.66K-63.39K-478.14K526.46K-120.69K-802.47K964.25K
Other Non-Cash Items458.11K3.17M293.97K340.57K1.26M3.93M3.76M7.33M
Working Capital Changes-1.11M-8.49M3.5M-3.62M-6.59M-7.33M-8.25M-2.19M
Change in Receivables-2.79M4.03M-7.71M1.56M-6.71M1.9M-5.41M-4.19M
Change in Inventory-20.75K-7.56M5.88M-4.64M-3.88M-9.88M-5.43M2.02M
Change in Payables442.8K-389.26K263.96K333.32K232.14K439.28K26.09K92.35K
Cash from Investing-52.83K-1.19M-3.35M-11.04M-4.48M-13.97M-11.24M-495.77K
Capital Expenditures-42.08K-3.15M-2.34M-11.22M-1.77M-4.99M-4.12M-2.08M
CapEx % of Revenue1.32%60.57%15.38%47.91%10.2%31.34%22.63%10.13%
Acquisitions0935.1K0453.65K04.52M02.98M
Investments--------
Other Investing-10.76K1.02M1.14M-138.69K-4.19M1.45M-1.56M-2.97M
Cash from Financing-892.11K7.49M-4M22.76M14.24M36.17M8.63M-1.22M
Debt Issued (Net)-892.11K3.23M-4M1.82M6.24M4.32M9.52M-1.21M
Equity Issued (Net)0001000K1000K1000K00
Dividends Paid00000000
Share Repurchases00000000
Other Financing04.26M0000-886.37K-8.34K
Net Change in Cash
27.38K▲ 0%
3.61M▲ 13073.6%
-3.29M▼ 191.3%
5.55M▲ 268.5%
-1.48M▼ 126.6%
12.84M▲ 969.6%
-12.85M▼ 200.1%
-3.89M▲ 69.8%
Free Cash Flow
910.38K▲ 0%
-5.85M▼ 742.4%
1.68M▲ 128.7%
-12.98M▼ 872.6%
-10.59M▲ 18.4%
-12.37M▼ 16.9%
-14.43M▼ 16.6%
-4.28M▲ 70.3%
FCF Margin %28.52%-112.59%11.02%-55.42%-60.9%-77.72%-79.21%-20.9%
FCF Growth %--742.42%128.73%-872.57%18.42%-16.85%-16.64%70.33%
FCF per Share29.18-187.4553.85-302.27-193.76-269.68-138.45-473.00
FCF Conversion (FCF/Net Income)1.86x-1.55x14.53x2.10x1.60x1.34x1.42x0.25x
Interest Paid004.7K12.11K398.75K40.01K413.8K0
Taxes Paid001596.52K6.55K2.48K38.06K0

EZGO Key Ratios

EZGO Technologies Ltd. (EZGO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)7.74%18.34%2.17%-13.04%-19.56%-13.56%-11.43%-15.53%
Return on Invested Capital (ROIC)12.06%22.01%0.49%-14.52%-16.46%-8.24%-2.76%-2.2%
Gross Margin47.74%61.22%10.1%1.63%1.26%7.16%9.31%6.52%
Net Margin16.06%33.46%1.82%-12.72%-37.17%-42.61%-39.98%-42.43%
Debt / Equity-0.00x0.02x0.01x0.08x0.09x0.24x0.22x
Interest Coverage-119.16x4.86x-63.82x-161.36x--28.13x-14.97x
FCF Conversion1.86x-1.55x14.53x2.10x1.60x1.34x1.42x0.25x
Revenue Growth-62.75%193.46%53.65%-25.76%-8.45%14.46%12.42%

EZGO Frequently Asked Questions

EZGO Technologies Ltd. (EZGO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

EZGO Technologies Ltd. (EZGO) reported $38.7M in revenue for fiscal year 2025. This represents a 1113% increase from $3.2M in 2018.

EZGO Technologies Ltd. (EZGO) grew revenue by 12.4% over the past year. This is steady growth.

EZGO Technologies Ltd. (EZGO) reported a net loss of $16.0M for fiscal year 2025.

Dividend & Returns

EZGO Technologies Ltd. (EZGO) has a return on equity (ROE) of -15.5%. Negative ROE indicates the company is unprofitable.

EZGO Technologies Ltd. (EZGO) had negative free cash flow of $18.7M in fiscal year 2025, likely due to heavy capital investments.

Explore More EZGO

EZGO Technologies Ltd. (EZGO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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