EZGO Technologies Ltd. (EZGO) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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EZGO Revenue Growth
Revenue Breakdown (FY 2025)
EZGO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
EZGO Revenue Analysis (2018–2025)
As of May 8, 2026, EZGO Technologies Ltd. (EZGO) generated trailing twelve-month (TTM) revenue of $38.7 million, reflecting exceptional growth of +21.9% year-over-year. The most recent quarter (Q4 2025) recorded $13.9 million in revenue, up 112.0% sequentially.
Looking at the longer-term picture, EZGO's 5-year compound annual growth rate (CAGR) stands at +6.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $23.4 million in 2021.
Revenue diversification analysis shows EZGO's business is primarily driven by Other Member (52%), and Maintenance Services Member (48%). With over half of revenue concentrated in Other Member, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including AIOT (+66.3% YoY), WKHS (+16.7% YoY), and NIU (+51.0% YoY), EZGO has underperformed the peer group in terms of revenue growth. Compare EZGO vs AIOT →
EZGO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EZGOCurrent | $39M | +21.9% | +6.1% | -9.5% | |
 AIOT | $363M | +66.3% | +34.6% | -7.1% | |
 WKHS | $7M | +16.7% | +77.4% | -1116.7% | |
 NIU | $3.3B | +51.0% | +9.6% | -7.6% | |
 KNDI | $87M | -22.3% | +2.6% | -47.3% | |
 XPEV | $40.9B | +66.4% | +77.5% | -16.3% |
EZGO Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $20.5M | +12.4% | $1.3M | 6.5% | $-1,953,818 | -9.5% |
| 2024 | $18.2M | +14.5% | $1.7M | 9.3% | $-2,333,500 | -12.8% |
| 2023 | $15.9M | -8.4% | $1.1M | 7.2% | $-4,792,078 | -30.1% |
| 2022 | $17.4M | -25.8% | $219K | 1.3% | $-6,462,607 | -37.2% |
| 2021 | $23.4M | +53.7% | $382K | 1.6% | $-3,877,419 | -16.6% |
| 2020 | $15.2M | +193.5% | $1.5M | 10.1% | $72K | 0.5% |
| 2019 | $5.2M | +62.7% | $3.2M | 61.2% | $2.2M | 43.3% |
| 2018 | $3.2M | - | $1.5M | 47.7% | $1.1M | 33.2% |
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Start ComparisonEZGO — Frequently Asked Questions
Quick answers to the most common questions about buying EZGO stock.
Is EZGO's revenue growth accelerating or slowing?
EZGO revenue is accelerating at +21.9% year-over-year, exceeding the 5-year CAGR of +6.1%. TTM revenue reached $39M. Growth momentum has increased versus prior periods.
What is EZGO's long-term revenue growth rate?
EZGO Technologies Ltd.'s 5-year revenue CAGR of +6.1% reflects the sustained expansion pattern. Current YoY growth of +21.9% is above this long-term average.
How is EZGO's revenue distributed by segment?
EZGO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.