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MARKETS / NASDAQ / EZGO
NASDAQ · MOTORCYCLES, BICYCLES & PARTS · SMALL CAP

Ezgo Technologies Ltd. EZGO

7 fiscal years on record · USD · FY2024 reported · SEC filings only
$21.1M
▲ 32.7% YoY
$-7.3M
In brief

What this company does

EZGO conducts its business in China through its subsidiaries. After the termination of the VIE structure, EZGO’s business is centered on its Internet of Things (“IoT”) product and service platform. EZGO has preliminarily established a business model focused on electric vehicle accessories, including battery cells and packs and electronic control systems.

Written from the business description in EZGO Technologies Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 30 December 2025. Every sentence was checked against that document before publication.

Growth
USD 21.1M
Revenue, FY2024 · full 7-year series below
Revenue $M Net income $M
FY2024 · Revenue 21.1 · Net income -7.3
8.0M16.0M-2.5M-5.0M2018201920202021202220232024
Compound annual growth
−3.4%
+72.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +72.8% 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
−38 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -20.0% · Net -38.3%
50%100%150%-20%-40%2018201920202021202220232024
ROE
FY2024 · ROE -11.9%
10%20%-10%-20%2018201920202021202220232024

Each USD of equity lost 12 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2021 · FCF -13.0
0.8M1.6M-5.0M-10.0M2018201920202021202220232024

Total assetsUSD 85.4M
EquityUSD 58.6M
CashUSD 3.5M
Gross debtUSD 8.1M
Net debtUSD 4.6M
Current ratio2.45×

Net debt stands at 8% of equity.

The 7-year record
7 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 2024202320222021202020192018
Revenue $B0.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.00.00.00.0
EBITDA $B−0.0−0.0−0.0−0.00.00.00.0
Income tax $B−0.0−0.00.0−0.00.00.00.0
Net income $B−0.0−0.0−0.0−0.00.00.00.0
Free cash flow $B···−0.00.0−0.00.0
EPS, diluted $−2.80−5.91−18.92−0.270.020.230.07
Dividend / sh $·······
Payout %·······
ROE %−11.9−14.4−21.9−18.33.229.59.6
Shares out B0.000.000.02·0.01··

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 in 33 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMotorcycles, Bicycles & Parts
Listed onNASDAQ
Incorporated inoutside the United States — SEC code D8
Fiscal year endsSeptember 30
SEC categoryemerging growth company
Data on record since2018

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