Ebang International Holdings Inc. income statement
In fiscal 2025, Ebang International Holdings Inc. reported revenue of $6.5m, up 11.4% on the year before, operating income of −$25.3m (a -387.0% margin) and net income of −$14.1m, or −$2.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 319 | 109 | 19 | 51 | 32 | 5 | 6 | 7 |
| Cost of revenue | 295 | 140 | 22 | 22 | 17 | 22 | 5 | 6 |
| Gross profit | 24 | −31 | −3 | 29 | 15 | −17 | 1 | 0 |
| Research and development | 43 | 13 | 8 | 7 | 5 | 7 | 5 | 4 |
| Selling and marketing | — | — | — | — | 0 | 0 | 0 | 0 |
| General and administrative | 51 | 19 | 23 | 26 | 41 | 29 | 30 | 23 |
| Operating income | −31 | −51 | −27 | 2 | −48 | −54 | −30 | −25 |
| Interest expense | 1 | 2 | 1 | 0 | — | — | — | — |
| Provision for credit losses | — | — | — | — | 2 | 1 | — | — |
| Income before tax | −11 | −41 | −23 | 2 | −46 | −39 | −21 | −14 |
| Income tax | 1 | 0 | 9 | −0 | −0 | −1 | −0 | −0 |
| Net income | −12 | −42 | −32 | 4 | −44 | −37 | −20 | −14 |
| Diluted EPS | −$10.80 | −$11.40 | −$7.55 | $0.75 | −$7.03 | −$5.86 | −$3.22 | −$2.24 |
| Diluted shares (average) | 1m | 4m | 4m | 6m | 6m | 6m | 6m | 6m |
| EBITDA | −26 | −42 | −19 | 8 | −37 | −50 | −28 | −23 |
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