Ehang Holdings Ltd balance sheet

At the end of fiscal 2025, Ehang Holdings Ltd had total assets of $285m, total liabilities of $132m and shareholders' equity of $153m. It held $36.7m in cash against $13.2m of debt: net cash of $23.4m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ehang Holdings Ltd: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	9	9	46	21	39	36	32	84	37
Receivables	—	0	6	25	9	3	5	8	16
Inventory	—	1	3	7	12	10	8	10	15
Total current assets	—	15	62	65	75	56	64	186	212
Total assets	—	18	65	74	84	77	84	217	285
Accounts payable	—	2	4	8	7	5	5	17	19
Deferred revenue (current)	—	1	1	1	2	3	5	9	9
Total current liabilities	—	8	14	24	21	41	35	64	102
Short-term debt	—	—	—	5	—	—	—	—	—
Long-term debt	—	—	5	—	3	1	1	3	12
Total debt	0	0	5	5	3	2	2	4	13
Total liabilities	—	9	19	32	32	59	54	86	132
Shareholders' equity	−75	−79	45	42	52	18	30	131	153
Non-controlling interests and other (assets − liabilities − equity)	—	88	—	—	—	—	—	—	—
Net debt (negative = net cash)	−9	−9	−42	−17	−36	−34	−30	−79	−23

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Ehang Holdings Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Ehang Holdings Ltd.