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MARKETS / NASDAQ / EBON
NASDAQ · SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES · SMALL CAP

Ebang International Holdings Inc. EBON

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.5M
▲ 11.4% YoY
$-14.1M
$-13.5M
In brief

What this company does

In January 2010, Mr. Hu, our founder, chairman of the board of directors, chief executive officer and chief financial officer, founded Zhejiang Ebang, which established Ebang IT in August 2010, to conduct development and sales of communications network access devices and related equipment. On May 17, 2018, we incorporated Ebang International, our holding company, as an exempted company with limited liability in the Cayman Islands. In November 2024, we commenced our renewable energy business through the acquisition of Redback Technologies in Australia. With years of manufacturing experience and expertise in blockchain technology and Fintech, we have established ourselves as a key participant in these fields. As of the date of this annual report, we have been operating a self-developed proprietary cryptocurrency exchange platform, Ebonex, and a self-developed proprietary cross-border payment and foreign exchange platform, EbonFX, targeting qualified investors subject to compliance with applicable laws in the jurisdictions in which we operate, and have commenced our renewable energy business through the acquisition of Redback Technologies in Australia.

Written from the business description in Ebang International Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 April 2026. Every sentence was checked against that document before publication.

Growth
USD 6.5M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 6.5 · Net income -14.1
200M-20M-40M20182019202020212022202320242025
Compound annual growth
−41.3%
−19.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −19.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−217 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -387.0% · Net -216.7%
-500%-1000%20182019202020212022202320242025
ROE
FY2025 · ROE -5.6%
-50%20182019202020212022202320242025

Each USD of equity lost 6 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -13.5
-40M-80M20182019202020212022202320242025

Total assetsUSD 256.8M
EquityUSD 244.2M
CashUSD 200.2M
Current ratio27.31×

Equity funds 95% of total assets.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.00.00.00.00.10.00.10.3
Operating income $B−0.0−0.0−0.1−0.00.0−0.0−0.1−0.0
EBITDA $B−0.0−0.0−0.1−0.00.0−0.0−0.0−0.0
Income tax $B−0.0−0.0−0.0−0.0−0.00.00.00.0
Net income $B−0.0−0.0−0.0−0.00.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.00.0−0.0−0.0−0.0−0.1
EPS, diluted $−2.24−3.22−5.86−7.030.75−7.55−0.38−0.36
Dividend / sh $········
Payout %········
ROE %−5.6−7.5−12.3−12.81.9−47.4−90.8−18.1
Shares out B······0.11·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 38 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivitySecurity & Commodity Brokers, Dealers, Exchanges & Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2018

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