newsfilter
← Latest News
GlobeNewswire·

Ebang International Reports Financial Results for Fiscal Year 2025

EBON
  • Ebang International Holdings Inc. announced fiscal year 2025 financial results ending December 31, 2025, with total net revenues increasing 11.4% to US$6.5 million from US$5.9 million in 2024.
  • Gross profit for 2025 was US$0.4 million, down from US$1.2 million in 2024, primarily due to a 31.3% rise in cost of revenues to US$6.1 million.
  • The increase in cost of revenues included a US$1.7 million VAT recoverable impairment expected not to be recovered in the foreseeable future.
  • Total operating expenses decreased 18.6% to US$25.7 million in 2025 from US$31.6 million in 2024, driven by reductions in selling expenses (down 51.5% to US$0.5 million) and general administrative expenses (down 25.4% to US$22.7 million).
  • Impairment of intangible assets was US$1.1 million in 2025, compared to nil in 2024.
  • Net loss for the fiscal year was US$14.2 million, an improvement from US$20.9 million in 2024, with net loss per share at US$2.24 compared to US$3.22 in the prior year.
  • Revenue growth was primarily attributed to the acquisition of a renewable energy business in November 2024 and rental income from idle office space.
  • Interest income totaled US$8.5 million in 2025, down from US$11.4 million in 2024, largely due to reduced interest rates.
  • The company recorded an exchange gain of US$3.1 million in 2025, reversing a US$2.2 million exchange loss in 2024, due to currency fluctuations on foreign currency assets and liabilities.
  • Other expenses rose to US$0.5 million in 2025 from US$0.1 million in 2024, resulting from the classification of cryptocurrency fair value changes under new 2025 accounting standards.
  • Cash and cash equivalents stood at US$200.2 million as of December 31, 2025, compared to US$213.8 million at the end of 2024.
  • Chairman \& CEO Dong Hu stated the company adopted a "progress amid stability" approach, focusing on technological innovation, real-sector manufacturing, \& strategic resource allocation in electrical power equipment and new materials.
  • The company expanded into the renewable energy sector in Australia in November 2024 as part of its strategy to diversify offerings for stable financial performance.