Ebang International Holdings Inc.(EBON)Earnings, Financials & Key Ratios
EBON•NASDAQ
$2.11
Price updated Jul 6, 2026
AboutEbang International Holdings Inc., through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely; and routine maintenance services, as well as engages in the development of proprietary cryptocurrency exchange platform. In addition, the company offers fiber-optic communication access devices, including multiprotocol label switching fiber-optic access network devices, multi-service access platform integrated business access devices, and wavelength-division multiplexing fiber-optic devices; and enterprise convergent terminal products, which consists gigabit passive optical network, enterprise cloud gateway devices, industrial Internet of Things access devices, and business enterprise smart wireless access devices. It serves the blockchain and telecommunications industries. The company also provides foreign exchange trading and digital currency transfer services, as well as deals in virtual currencies. It sells its blockchain products directly, as well as through its website; and telecommunication products under the EBANG brand name primarily through supplier contracts. The company was incorporated in 2018 and is headquartered in Hangzhou, China.Show more
- Revenue$7M+11.4%
- EBITDA-$20M+26.8%
- Net Income-$14M+30.4%
- EPS (Diluted)-2.24+30.4%
- Gross Margin6.04%-70.2%
- EBITDA Margin-310.86%+34.3%
- Operating Margin-349.94%+32.4%
- Net Margin-215.6%+37.5%
- ROE-5.58%+25.4%
EBON Price & Volume
Ebang International Holdings Inc. (EBON) stock price & volume — 10-year historical chart
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Persistent Operational Decline Masks Asset Liquidity Buffer
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Adequate
Cash Flow:Burning
Primary Risk:Capital depletion and obsolescence
Key Thesis Takeaways
- Ebang International faces a challenging outlook as its core ASIC hardware business continues to contract, with revenue falling from $33.2 million in 2021Q4 to $3.0 million by 2025Q4.
- While the company maintains a substantial $200.2 million cash position, this capital is being eroded by consistent operating losses and a lack of clear growth catalysts.
- Investors should monitor the sustainability of the company's $149.2 million accumulated deficit and the potential for further asset impairment given the rapid pace of technological obsolescence in the sector.
Verdict Logic
the company's inability to generate positive operating cash flow, evidenced by a $9.0 million outflow in 2025Q4, suggests that the current $200.2 million cash reserve is a depleting asset rather than a foundation for future growth.
EBON Growth Metrics
Ebang International Holdings Inc. (EBON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-8%
5 Years-19.22%
3 Years-41.31%
TTM-66.64%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM57.42%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM57.53%
Return on Capital
10 Years-7.61%
5 Years-10.06%
3 Years-12.47%
Last Year-8.92%
Peers Comparison
Key metrics vs top competitors for Ebang International Holdings Inc. (EBON)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.11 | $13.81M | -0.94 | 11.39% | -215.6% | -5.58% | — | |
| $12.95 | $4.94B | -3.51 | 38.2% | -234.83% | -51.65% | — | |
| $22.87 | $8.67B | -11.73 | 71.89% | -132.76% | -28.78% | — | |
| $13.51 | $3.47B | 12.06 | 102.21% | -67.66% | -29.93% | — | |
| $1.74 | $566.61M | -5.61 | -30.65% | -146.01% | -0.11% | — | |
| $103.78 | $11.69B | -48.50 | -90.71% | — | -17.66% | — |
Compare EBON vs Peers
Ebang International Holdings Inc. (EBON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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EBON Frequently Asked Questions
Ebang International Holdings Inc. (EBON) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ebang International Holdings Inc.'s revenue?
Ebang International Holdings Inc. (EBON) reported $12.4M in revenue for fiscal year 2025. This represents a 47% increase from $8.4M in 2014.
How fast is Ebang International Holdings Inc. growing?
Ebang International Holdings Inc. (EBON) grew revenue by 11.4% over the past year. This is steady growth.
Is EBON profitable?
Ebang International Holdings Inc. (EBON) reported a net loss of $34.3M for fiscal year 2025.
Dividend & Returns
What is EBON's return on equity?
Ebang International Holdings Inc. (EBON) has a return on equity (ROE) of -5.6%. Negative ROE indicates the company is unprofitable.
What is Ebang International Holdings Inc.'s free cash flow?
Ebang International Holdings Inc. (EBON) had negative free cash flow of $36.1M in fiscal year 2025, likely due to heavy capital investments.