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Eshallgo Inc. (EHGO) stock

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NASDAQ: EHGO Nasdaq Office Services & Supplies

D Fundamentals grade

Eshallgo Inc. is a US-listed company in the office services & supplies industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$4.8

Price-to-sales vs peers

Base case. Range ~$3.1–$9.5. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Eshallgo Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 0 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Eshallgo files

Where Eshallgo stands after its latest Filing

Revenue for the twelve months was $16m, up 21.1% on a year earlier, against a decline of 20.6% a quarter earlier. Free-cash-flow margin fell to -35.6% from -2.9% a year earlier. Operating margin narrowed to -73.5% from 12.4%. The diluted share count is up 52.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 4 of our 6 financial-health checks. Our price-to-sales vs peers value is $4.77 a share, against a share price of $2.00.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Eshallgo Inc.'s trailing-twelve-month revenue grew 21.1% year on year, with a free-cash-flow margin of -35.6%. Where it stands out: change in growth rate of +41.7pp ranks 1 of 6 office services & supplies companies we cover. Where it lags: gross margin of 15.1% ranks 5 of 5 office services & supplies companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 320.7% while net income fell 4.9%: a 316pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 21.1% over the last 12 months, against a median of 9.8% for office services & supplies companies we cover.
  • Growth speeding up. The growth rate is 41.7 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -73.5%: costs exceed revenue.
  • Burning cash. Free cash flow was -35.6% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 52.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 248% and a beta of -1.6 against the S&P 500.
  • Gross margin slipping. Gross margin is down 7.9 points on a year ago.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 9.2% ranks 6 of 6 office services & supplies companies we cover (median 1.0%).

Price chart

  • 1 day-4.5%
  • 1 week-22.0%
  • 1 month-40.3%
  • This year-88.9%
  • 1 year-93.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$16.3M
Operating margin
-73.5%
Net margin
-69.4%
EPS (TTM, diluted)
$-5.39

Growth

Revenue growth
+21.1%
Change in growth rate
+41.7 pts
Share count change
+52.0%

Cash

Free cash flow (TTM)
-$5.8M
FCF margin
-35.6%
Stock pay % of revenue
9.2%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for EHGO from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Eshallgo Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Eshallgo Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.81 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$4.8 ~$3.1–$9.5 Included, half weight
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$4.8 ~$3.1–$9.5 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Eshallgo Inc. with Office Services & Supplies in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20252026
Share price$80.00$13.92
Market value$110m$29m
+ Net debt (− = net cash)−$8m−$4m
Enterprise value$103m$25m
Multiples
Price / sales 8.2x1.8x
Price / earnings ——
Price / free cash flow ——
EV / EBITDA ——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Eshallgo Inc.: too few analysts cover it.

Positioning

Short interest
2.6%
of tradable shares
Days to cover
0.18
at average volume
Short interest, 1 month
−25%
to October 15, 2026
Held by institutions
7%
of shares
Held by insiders
0.9%
of shares
Employees
134
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20252026 to date
Return
EHGO−94%−89%
Industry peers (median)−14%+26%
S&P 500+18%+11%
Months that ended higher
EHGO17%18%
S&P 50075%46%
Largest fall from a high during the year
EHGO−95%−92%
S&P 500−19%−9%

Worst fall since July 2, 2024: 100% from December 19, 2024 to November 2, 2026. Getting back needed a 20801% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.91 – $34.56
From 52-week high
−94.5%
vs 50-day average
−52.2%
vs 200-day average
−81.8%
Volatility (1 year)
248%
Beta vs S&P 500
-1.55

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Eshallgo Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Eshallgo Inc.
$10M $15M $20M $25M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue (TTM), FY22 Q4: $23.9M Revenue (TTM), FY23 Q4: $18.4M Revenue (TTM), FY24 Q4: $17M Revenue (TTM), FY25 Q4: $13.5M Revenue (TTM), FY26 Q4: $16.3M $16.3M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY22 Q4 $23.9M
FY23 Q4 $18.4M
FY24 Q4 $17M
FY25 Q4 $13.5M
FY26 Q4 $16.3M
Revenue growth, TTM YoY Eshallgo Inc.
-40% -20% 0% 20% 40% FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue growth, TTM YoY, FY23 Q4: -22.8% Revenue growth, TTM YoY, FY24 Q4: -7.9% Revenue growth, TTM YoY, FY25 Q4: -20.6% Revenue growth, TTM YoY, FY26 Q4: 21.1% 21.1%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -22.8%
FY24 Q4 -7.9%
FY25 Q4 -20.6%
FY26 Q4 21.1%
Operating margin (TTM) Eshallgo Inc.
-100% -50% 0% 50% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Operating margin (TTM), FY22 Q4: 12.4% Operating margin (TTM), FY23 Q4: 7.2% Operating margin (TTM), FY24 Q4: 5.4% Operating margin (TTM), FY25 Q4: -74.7% Operating margin (TTM), FY26 Q4: -73.5% -73.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY22 Q4 12.4%
FY23 Q4 7.2%
FY24 Q4 5.4%
FY25 Q4 -74.7%
FY26 Q4 -73.5%
FCF margin (TTM) Eshallgo Inc.
-40% -20% 0% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 FCF margin (TTM), FY22 Q4: -2.9% FCF margin (TTM), FY23 Q4: 2.3% FCF margin (TTM), FY24 Q4: 12.8% FCF margin (TTM), FY25 Q4: -10.3% FCF margin (TTM), FY26 Q4: -35.6% -35.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY22 Q4 -2.9%
FY23 Q4 2.3%
FY24 Q4 12.8%
FY25 Q4 -10.3%
FY26 Q4 -35.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

Fiscal year 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026
Income
Revenue 24 18 17 13 16
Gross profit 8 5 5 3 2
EBITDA 3 2 1 −10 −12
Operating income 3 1 1 −10 −12
Net income 2 0 0 −11 −11
Diluted EPS $1.44 $0.32 $0.01 −$7.82 −$5.39
Growth (year on year)
Revenue — −22.8% −7.9% −20.6% +21.1%
EBITDA — −47.8% −23.5% −851.2% —
Operating income — −55.4% −30.9% <−999% —
Net income — −73.9% −98.2% — —
Diluted EPS — −77.8% −96.9% — —
Margins
Gross margin 31.9% 25.5% 26.9% 23.0% 15.1%
EBITDA margin 13.6% 9.2% 7.7% −72.4% −71.8%
Operating margin 12.4% 7.2% 5.4% −74.7% −73.5%
Net margin 7.7% 2.6% 0.1% −80.2% −69.4%
Free-cash-flow margin −2.9% 2.3% 12.8% −10.3% −35.6%
Cash flow
Cash from operations 0 1 2 −1 −6
Capital spending 1 0 0 0 0
Free cash flow −1 0 2 −1 −6
Stock-based pay — — 0 3 1
Free cash flow after stock pay — — 2 −4 −7
Balance sheet
Cash 3 5 5 8 4
Total debt 0 0 0 0 0
Net debt (negative = net cash) −3 −5 −5 −8 −4
Diluted shares 1m 1m 1m 1m 2m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · March 31, 2026
What it owns · $21m
Short-term assets $20mLonger-term assets $1m
What it owes, and who funded it · $15m
Short-term liabilities $6mLonger-term liabilities $0mShareholders' equity $9m
  • Short-term assets cover short-term liabilities $20m of assets due within a year against $6m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $20m short-term assets against $206,913 of longer-dated liabilities.
  • More cash than debt $4m of cash against $21,781 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$6m of operating cash flow against $21,781 of debt.
  • Operating profit covers interest at least five times over Operating income of −$12m against $125,972 of interest.

From Eshallgo Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+52.0%
year over year
R&D spending
0.6%
of revenue

Competitors: side by side with peers

Closest by revenue in office services & supplies
Last 12 months unless stated EHGO ACCO BRC PBI MLKN HNI Median
Revenue, last 12 months $16m $1.6bn $1.7bn $1.9bn $3.8bn $4.4bn $1.8bn
Revenue growth, last 12 months 21.1% 1.5% 9.8% −3.5% 1.2% 70.1% 5.7%
Revenue growth, 3-year average — −5.3% 7.7% 9.8% −1.0% 25.7% 7.7%
Revenue growth, latest quarter — −0.9% 10.0% −0.8% −3.4% 120.7% −0.8%
Gross margin 15.1% 33.2% 51.7% 52.4% 39.5% 41.0% 40.2%
Operating margin −73.5% 5.8% 15.9% — 5.2% 2.0% 5.2%
Operating margin, 3-year average — 1.4% 16.5% — 3.8% 5.7% 4.7%
Net margin −69.4% 4.2% 12.4% 10.1% 2.6% 0.1% 3.4%
Cash from operations / revenue −34.8% 8.3% 14.7% 30.6% 6.3% 4.6% 7.3%
Free-cash-flow margin −35.6% 7.0% 11.6% 27.1% 3.0% 0.1% 5.0%
Free-cash-flow margin, 3-year average — 6.1% 11.6% 14.8% 3.2% 4.9% 6.1%
Stock pay / revenue 9.2% 0.8% 1.4% 0.9% 0.7% 1.0% 0.9%
Change in share count 52.0% 3.0% −0.7% −19.2% 1.2% 26.7% 2.1%

Median of all 6 companies we cover in office services & supplies. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

6 office services & supplies companies
Measure Company Peer median Rank
Revenue growth Growth 21.1% 9.8% 2 of 6
Change in growth rate Growth +41.7pp +2.2pp 1 of 6
Gross margin Profitability 15.1% 39.5% 5 of 5
Operating margin Profitability -73.5% 5.2% 5 of 5
Net margin Profitability -69.4% 4.2% 6 of 6
Free-cash-flow margin Cash generation -35.6% 7.0% 6 of 6
Stock pay as % of revenue Cash generation 9.2% 1.0% 6 of 6
Long-term debt as % of assets Balance sheet 0.1% 31.7% 1 of 6
Change in share count Balance sheet 52.0% 3.0% 6 of 6

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$148
Institutions reporting
1
Positions opened / closed
1 / 0

Top buyers and sellers, Q2 2026: 1 institutions bought and 0 sold ; the biggest buyer was Caitong International Asset Management Co., Ltd (+114 shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Caitong International Asset Management Co., Ltd $148 0K 100.0% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Eshallgo Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Eshallgo Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Eshallgo Inc. in brief

What does Eshallgo Inc. do?
Eshallgo Inc. is a US-listed company in the office services & supplies industry. Its financial year ends in March.
What is Eshallgo Inc.'s stock ticker?
Eshallgo Inc. trades under the ticker EHGO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Eshallgo Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Eshallgo Inc. reported revenue of $16.3M, 21.1% higher than a year earlier, according to its SEC filings.
What is Eshallgo Inc.'s free cash flow?
Eshallgo Inc.'s free-cash-flow margin is -35.6% of revenue over the trailing twelve months, ranking 6 of the 6 office services & supplies companies we cover.
What is Eshallgo Inc.'s market cap?
On March 31, 2026, Eshallgo Inc.'s market capitalisation was about $29.2M and net debt of -$3.8M. Market figures come from third-party market data and may be delayed.
How much debt does Eshallgo Inc. have?
Eshallgo Inc.'s debt-to-equity ratio is 0.2%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Eshallgo Inc.'s competitors?
In our Office Services & Supplies peer group, the companies closest to Eshallgo Inc. are Acco Brands Corp, Brady Corp, Pitney Bowes Inc, Millerknoll, Inc. and HNI Corp. The side-by-side comparison below sets their revenue, margins and growth against Eshallgo Inc.'s.