Ebang International Holdings Inc. Financials

EBON

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 58/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Ebang International Holdings Inc. has an operating margin of -517.5%, meaning the company retains $-518 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1104.8% the prior year.

Growth

Ebang International Holdings Inc.'s revenue surged 20.9% year-over-year to $5.9M, reflecting rapid business expansion. This strong growth earns a score of 88/100.

Leverage

100

Ebang International Holdings Inc. carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 19.47, Ebang International Holdings Inc. holds $19.47 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Ebang International Holdings Inc. generated -$17.6M in operating cash flow, capex of $223K consumed most of it, leaving -$17.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Ebang International Holdings Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.87x

For every $1 of reported earnings, Ebang International Holdings Inc. generates $0.87 in operating cash flow (-$17.6M OCF vs -$20.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Ebang International Holdings Inc. (EBON) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$5.9M

YoY+20.9%

5Y CAGR-44.3%

Ebang International Holdings Inc. generated $5.9M in revenue in fiscal year 2024. This represents an increase of 20.9% from the prior year.

EBITDA

-$27.8M

YoY+44.6%

Ebang International Holdings Inc.'s EBITDA was -$27.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 44.6% from the prior year.

Free Cash Flow

-$17.8M

YoY-42.5%

Ebang International Holdings Inc. generated -$17.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 42.5% from the prior year.

Net Income

-$20.3M

YoY+44.9%

Ebang International Holdings Inc. reported -$20.3M in net income in fiscal year 2024. This represents an increase of 44.9% from the prior year.

EPS (Diluted)

$-3.22

YoY+45.1%

Ebang International Holdings Inc. earned $-3.22 per diluted share (EPS) in fiscal year 2024. This represents an increase of 45.1% from the prior year.

Cash & Debt

$213.8M

YoY-11.5%

5Y CAGR+128.1%

Ebang International Holdings Inc. held $213.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

20.3%

YoY+364.3pp

5Y CAGR+48.3pp

Ebang International Holdings Inc.'s gross margin was 20.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 364.3 percentage points from the prior year.

Operating Margin

-517.5%

YoY+587.3pp

5Y CAGR-471.1pp

Ebang International Holdings Inc.'s operating margin was -517.5% in fiscal year 2024, reflecting core business profitability. This is up 587.3 percentage points from the prior year.

Net Margin

-345.1%

YoY+412.3pp

5Y CAGR-306.2pp

Ebang International Holdings Inc.'s net profit margin was -345.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 412.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$5.4M

YoY-26.7%

5Y CAGR-16.5%

Ebang International Holdings Inc. invested $5.4M in research and development in fiscal year 2024. This represents a decrease of 26.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$223K

YoY-77.4%

5Y CAGR-47.9%

Ebang International Holdings Inc. invested $223K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 77.4% from the prior year.

EBON Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$5.9M+20.9%	$4.9M-85.0%	$32.3M-37.2%	$51.5M+170.7%	$19.0M-82.6%	$109.1M
Cost of Revenue	$4.7M-78.3%	$21.6M+27.4%	$16.9M-23.9%	$22.2M+1.5%	$21.9M-84.3%	$139.6M
Gross Profit	$1.2M+107.1%	-$16.7M-208.4%	$15.4M-47.3%	$29.2M+1107.9%	-$2.9M+90.5%	-$30.6M
R&D Expenses	$5.4M-26.7%	$7.4M+43.8%	$5.1M-21.5%	$6.6M-22.5%	$8.5M-36.7%	$13.4M
SG&A Expenses	$30.5M+4.9%	$29.0M-28.7%	$40.7M+58.0%	$25.8M+12.9%	$22.8M+20.9%	$18.9M
Operating Income	-$30.4M+43.4%	-$53.6M-11.8%	-$48.0M-2463.5%	$2.0M+107.6%	-$26.6M+47.4%	-$50.6M
Interest Expense	N/A	N/A	N/A	$4K-99.4%	$728K-64.3%	$2.0M
Income Tax	-$43K+95.9%	-$1.0M-1314.3%	-$73K+80.7%	-$379K-104.1%	$9.3M+2211.1%	$400K
Net Income	-$20.3M+44.9%	-$36.8M+16.2%	-$43.9M-1090.5%	$4.4M+113.8%	-$32.1M+24.3%	-$42.4M
EPS (Diluted)	$-3.22+45.1%	$-5.86+16.6%	$-7.03-1037.3%	$0.75+109.9%	$-7.55-1886.8%	$-0.38

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

EBON Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$275.8M-7.5%	$298.2M-13.3%	$344.2M-10.8%	$385.9M+167.6%	$144.2M+74.6%	$82.6M
Current Assets	$230.8M-7.5%	$249.6M-7.3%	$269.1M-9.9%	$298.8M+335.6%	$68.6M+138.0%	$28.8M
Cash & Equivalents	$213.8M-11.5%	$241.6M-3.8%	$251.3M+4.8%	$239.9M+1654.8%	$13.7M+294.6%	$3.5M
Inventory	$597K+200.3%	$199K-54.8%	$440K-93.8%	$7.1M+85.6%	$3.8M-70.6%	$13.1M
Accounts Receivable	$1.6M+67.6%	$947K-71.6%	$3.3M-66.2%	$9.9M+37.0%	$7.2M-11.4%	$8.1M
Goodwill	$1.3M	N/A	$2.3M	N/A	N/A	N/A
Total Liabilities	$15.4M-8.7%	$16.9M-24.4%	$22.4M+32.5%	$16.9M-50.9%	$34.4M-39.7%	$57.0M
Current Liabilities	$11.9M-0.9%	$12.0M-22.8%	$15.5M+5.3%	$14.7M-57.1%	$34.3M-12.3%	$39.0M
Long-Term Debt	N/A	N/A	$5.8M+187.7%	$2.0M+161.2%	$766K	N/A
Total Equity	$259.6M-7.2%	$279.8M-12.3%	$318.9M-13.6%	$369.0M+236.0%	$109.8M+329.5%	$25.6M
Retained Earnings	-$135.1M-17.6%	-$114.8M-47.1%	-$78.1M-128.4%	-$34.2M+11.4%	-$38.6M-388.0%	-$7.9M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$275.8M-7.5%	$298.2M-13.3%	$344.2M-10.8%	$385.9M+167.6%	$144.2M+74.6%	$82.6M
Current Assets	$230.8M-7.5%	$249.6M-7.3%	$269.1M-9.9%	$298.8M+335.6%	$68.6M+138.0%	$28.8M
Cash & Equivalents	$213.8M-11.5%	$241.6M-3.8%	$251.3M+4.8%	$239.9M+1654.8%	$13.7M+294.6%	$3.5M
Inventory	$597K+200.3%	$199K-54.8%	$440K-93.8%	$7.1M+85.6%	$3.8M-70.6%	$13.1M
Accounts Receivable	$1.6M+67.6%	$947K-71.6%	$3.3M-66.2%	$9.9M+37.0%	$7.2M-11.4%	$8.1M
Goodwill	$1.3M	N/A	$2.3M	N/A	N/A	N/A
Total Liabilities	$15.4M-8.7%	$16.9M-24.4%	$22.4M+32.5%	$16.9M-50.9%	$34.4M-39.7%	$57.0M
Current Liabilities	$11.9M-0.9%	$12.0M-22.8%	$15.5M+5.3%	$14.7M-57.1%	$34.3M-12.3%	$39.0M
Long-Term Debt	N/A	N/A	$5.8M+187.7%	$2.0M+161.2%	$766K	N/A
Total Equity	$259.6M-7.2%	$279.8M-12.3%	$318.9M-13.6%	$369.0M+236.0%	$109.8M+329.5%	$25.6M
Retained Earnings	-$135.1M-17.6%	-$114.8M-47.1%	-$78.1M-128.4%	-$34.2M+11.4%	-$38.6M-388.0%	-$7.9M

EBON Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$17.6M-52.8%	-$11.5M-323.7%	$5.2M+132.5%	-$15.8M-2.0%	-$15.5M-17.2%	-$13.3M
Capital Expenditures	$223K-77.4%	$986K-74.1%	$3.8M-38.2%	$6.2M-43.2%	$10.8M+85.7%	$5.8M
Free Cash Flow	-$17.8M-42.5%	-$12.5M-1027.5%	$1.3M+106.1%	-$22.0M+16.6%	-$26.4M-38.1%	-$19.1M
Investing Cash Flow	-$9.9M-476.1%	$2.6M-54.3%	$5.8M+188.4%	-$6.5M+89.7%	-$63.2M-987.6%	-$5.8M
Financing Cash Flow	N/A	N/A	N/A	$248.3M+169.7%	$92.1M+977.0%	$8.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

EBON Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	20.3%+364.3pp	-344.0%-391.7pp	47.7%-9.1pp	56.8%+72.1pp	-15.3%+12.8pp	-28.0%
Operating Margin	-517.5%+587.3pp	-1104.8%-956.3pp	-148.4%-152.4pp	4.0%+144.2pp	-140.2%-93.8pp	-46.4%
Net Margin	-345.1%+412.3pp	-757.4%-621.6pp	-135.8%-144.4pp	8.6%+177.6pp	-169.0%-130.1pp	-38.9%
Return on Equity	N/A	N/A	N/A	1.2%	N/A	N/A
Return on Assets	-7.3%+5.0pp	-12.3%+0.4pp	-12.8%-13.9pp	1.1%+23.4pp	-22.3%+29.1pp	-51.3%
Current Ratio	19.47-1.4	20.87+3.5	17.38-2.9	20.32+18.3	2.00+1.3	0.74
Debt-to-Equity	0.060.0	0.06+0.0	0.02+0.0	0.010.0	0.01-2.2	2.23
FCF Margin	-303.9%-46.2pp	-257.8%-261.9pp	4.2%+46.9pp	-42.8%+96.0pp	-138.8%-121.3pp	-17.5%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	19.47-1.4	20.87+3.5	17.38-2.9	20.32+18.3	2.00+1.3	0.74
Debt-to-Equity	0.060.0	0.06+0.0	0.02+0.0	0.010.0	0.01-2.2	2.23
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Ebang International Holdings Inc.'s annual revenue?

Ebang International Holdings Inc. (EBON) reported $5.9M in total revenue for fiscal year 2024. This represents a 20.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ebang International Holdings Inc.'s revenue growing?

Ebang International Holdings Inc. (EBON) revenue grew by 20.9% year-over-year, from $4.9M to $5.9M in fiscal year 2024.

Is Ebang International Holdings Inc. profitable?

No, Ebang International Holdings Inc. (EBON) reported a net income of -$20.3M in fiscal year 2024, with a net profit margin of -345.1%.

What is Ebang International Holdings Inc.'s earnings per share (EPS)?

Ebang International Holdings Inc. (EBON) reported diluted earnings per share of $-3.22 for fiscal year 2024. This represents a 45.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Ebang International Holdings Inc.'s EBITDA?

Ebang International Holdings Inc. (EBON) had EBITDA of -$27.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Ebang International Holdings Inc.'s gross margin?

Ebang International Holdings Inc. (EBON) had a gross margin of 20.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ebang International Holdings Inc.'s operating margin?

Ebang International Holdings Inc. (EBON) had an operating margin of -517.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Ebang International Holdings Inc.'s net profit margin?

Ebang International Holdings Inc. (EBON) had a net profit margin of -345.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Ebang International Holdings Inc.'s free cash flow?

Ebang International Holdings Inc. (EBON) generated -$17.8M in free cash flow during fiscal year 2024. This represents a -42.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ebang International Holdings Inc.'s operating cash flow?

Ebang International Holdings Inc. (EBON) generated -$17.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Ebang International Holdings Inc.'s total assets?

Ebang International Holdings Inc. (EBON) had $275.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Ebang International Holdings Inc.'s capital expenditures?

Ebang International Holdings Inc. (EBON) invested $223K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Ebang International Holdings Inc. spend on research and development?

Ebang International Holdings Inc. (EBON) invested $5.4M in research and development during fiscal year 2024.

What is Ebang International Holdings Inc.'s current ratio?

Ebang International Holdings Inc. (EBON) had a current ratio of 19.47 as of fiscal year 2024, which is generally considered healthy.

What is Ebang International Holdings Inc.'s debt-to-equity ratio?

Ebang International Holdings Inc. (EBON) had a debt-to-equity ratio of 0.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ebang International Holdings Inc.'s return on assets (ROA)?

Ebang International Holdings Inc. (EBON) had a return on assets of -7.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Ebang International Holdings Inc.'s cash runway?

Based on fiscal year 2024 data, Ebang International Holdings Inc. (EBON) had $213.8M in cash against an annual operating cash burn of $17.6M. This gives an estimated cash runway of approximately 146 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Ebang International Holdings Inc.'s Piotroski F-Score?

Ebang International Holdings Inc. (EBON) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ebang International Holdings Inc.'s earnings high quality?

Ebang International Holdings Inc. (EBON) has an earnings quality ratio of 0.87x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Ebang International Holdings Inc.?

Ebang International Holdings Inc. (EBON) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.