EHang Holdings Limited (EH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | -174.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35.77M | 23.96M | 41.44M | 30.84M | 20.81M | 23.11M | 22.14M | 22.32M | 24.45M | -59.38M | 16.17M |
| Operating CF Margin % | -114.69% | - | - | - | - | - | - | - | - | 125.01% | 239.42% | 186.65% | 196.63% | 252.99% | 158.06% | 382.45% | 256.52% | 188.59% | -488.13% | 70.39% |
| Operating CF Growth % | - | - | - | - | - | -100% | -100% | -100% | -100% | 71.89% | 3.68% | 87.13% | 38.16% | -14.89% | 138.91% | 36.91% | 162.11% | 158.27% | -32.69% | 155.67% |
| Net Income | -27.43M | -82.16M | -80.79M | -78.08M | -46.86M | -48.06M | -71.54M | -63.33M | -72.26M | -67.05M | -75.56M | -86.83M | -105.8M | -76.13M | -73.55M | -68.66M | -105.42M | -71.97M | -74.4M | -62.97M |
| Depreciation & Amortization | 29.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.13M | 1.21M |
| Stock-Based Compensation | -185.13M | 61.8M | 76.07M | 47.26M | 83.26M | 63.8M | 72.78M | 53.29M | 50.32M | 35.77M | 23.96M | 41.44M | 30.84M | 20.81M | 23.11M | 22.14M | 22.32M | 24.45M | 25.49M | 48.87M |
| Deferred Taxes | -6.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 150.91M | 20.36M | 4.72M | 30.82M | -36.4M | -15.74M | -1.25M | 10.04M | 21.95M | 67.05M | 75.56M | 86.83M | 105.8M | 76.13M | 73.55M | 68.66M | 105.42M | 71.97M | 4.07M | -666.4K |
| Working Capital Changes | -135.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16.67M | 29.73M |
| Change in Receivables | -59.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8.22M | 54.54M |
| Change in Inventory | -34.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.85M | 318K |
| Change in Payables | 4.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17.79M |
| Cash from Investing | -532.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -72.3M | 22.94M |
| Capital Expenditures | -156.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.73M | -8.33M |
| CapEx % of Revenue | 102.47% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30.68% | 36.26% |
| Acquisitions | -38.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 26.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -68.57M | 0 |
| Cash from Financing | 367.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5M | 278.84M |
| Debt Issued (Net) | 220.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20M |
| Equity Issued (Net) | 162.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 258.84M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -15.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5M | 0 |
| Net Change in Cash | 286.24M | -20.9M | -106.92K | -30.73M | -5.11M | 2.85M | 55.4M | -2.26M | 438.51K | 35.77M | 23.96M | 41.44M | 30.84M | 20.81M | 23.11M | 22.14M | 22.32M | 24.45M | -142.56M | 322.3M |
| Free Cash Flow | -318.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35.77M | 23.96M | 41.44M | 30.84M | 20.81M | 23.11M | 22.14M | 22.32M | 24.45M | -63.11M | 7.84M |
| FCF Margin % | -209.18% | - | - | - | - | - | - | - | - | 125.01% | 239.42% | 186.65% | 196.63% | 252.99% | 158.06% | 382.45% | 256.52% | 188.59% | -518.81% | 34.13% |
| FCF Growth % | - | - | - | - | - | -100% | -100% | -100% | -100% | 71.89% | 3.68% | 87.13% | 38.16% | -14.89% | 136.61% | 182.34% | 151.42% | 158.04% | -37.54% | 126.72% |
| FCF per Share | -8.69 | - | - | - | - | - | - | - | - | 0.58 | 0.40 | 0.71 | 0.54 | 0.36 | 0.40 | 0.39 | 0.39 | 0.44 | -1.14 | 0.14 |
| FCF Conversion (FCF/Net Income) | 4.94x | - | - | - | - | - | - | - | - | -0.53x | -0.32x | -0.48x | -0.28x | -0.27x | -0.31x | -0.32x | -0.21x | -0.34x | 0.80x | -0.26x |
| Interest Paid | 6.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 879K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |