EZGO Technologies Ltd. (EZGO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K/A for Q2 FY2025, filed Jul 1, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EZGO SEC filings page.
EZGO Technologies Ltd. (EZGO) reported $21.1M in revenue for fiscal year 2024, up 32.7% from the prior fiscal year. This page shows its 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).
Revenue has recovered, but thin product margins and working-capital demands still leave the company dependent on financing.
FY2024 revenue reached$21.1M , yet operating cash flow was-$10.3M . Receivables rose from$3.8M to$7.8M , linking the cash deterioration to funds tied up in customer balances rather than simply the reported loss.
Gross margin was 7.1% in FY2024, virtually unchanged from
The balance sheet is not debt-heavy: debt-to-equity was 0.1x, while the current ratio fell to 2.5x from 4.2x, showing liquidity cushion narrowed as obligations grew. FY2024 financing cash flow was
Financial Health Signals
We are recalculating EZGO Technologies Ltd.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
EZGO Technologies Ltd. scores 0.17, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.4M) relative to total liabilities ($24.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
EZGO Technologies Ltd. passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
EZGO Technologies Ltd. reported a net loss of $7.3M while operations used $10.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
EZGO Technologies Ltd. reported an operating loss of $4.2M against $320K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q2 2025.
Cash & Balance Sheet
EZGO Technologies Ltd. held $373K in cash against $6.4M in long-term debt as of Q2 2025.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
None of these metrics is reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
EZGO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
EZGO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'256-K/A | Q4'246-K/A | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q4'2110-K | Q4'2010-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $78.6M-4.8% | $85.4M+4.2% | $82.6M+21.5% | $81.9M+72.4% | $68.0M | $47.5M+13.1% | $42.0M+112.0% | $19.8M+3.4% |
| Current Assets | $32.3M-38.1% | $41.4M-9.8% | $52.2M+30.0% | $45.9M+38.5% | $40.2M | $33.2M+19.8% | $27.7M+69.6% | $16.3M-2.3% |
| Cash & Equivalents | $373K-41.9% | $3.4M-80.2% | $641K-71.9% | $17.3M+293.0% | $2.3M | $4.4M-8.1% | $4.8M+1380.0% | $323K-91.1% |
| Short-Term Investments | $0-100.0% | $1.6M+127.2% | $1.5M+106.0% | $685K-2.5% | $728K | $703K-70.6% | $2.4M+8.0% | $2.2M |
| Inventory | $4.8M+13.7% | $523K-36.9% | $4.2M+1.1% | $829K+117.6% | $4.2M | $381K-58.8% | $924K+6.5% | $868K-69.1% |
| Accounts Receivable | $6.7M+56.4% | $7.8M+106.4% | $4.3M-23.9% | $3.8M-49.9% | $5.6M | $7.5M+10.1% | $6.8M+8.3% | $6.3M+5381.6% |
| Long-Term Investments | $17.3M+28.0% | $18.0M+47.5% | $13.5M+3.5% | $12.2M+480.1% | $13.0M | $2.1M+1484.6% | $133K | $0 |
| Goodwill | $1.7M-0.5% | $1.8M-41.8% | $1.7M-66.0% | $3.1M | $5.1M | N/A | N/A | N/A |
| Total Liabilities | $21.3M+6.7% | $24.4M+58.0% | $19.9M+11.5% | $15.4M+10.4% | $17.9M | $14.0M+47.4% | $9.5M-13.5% | $10.9M0.0% |
| Current Liabilities | $14.8M+14.3% | $16.9M+53.0% | $13.0M-13.4% | $11.0M-21.0% | $15.0M | $14.0M+47.4% | $9.5M+42.0% | $6.7M-2.4% |
| Non-Current Liabilities | $6.4M-7.5% | $7.5M+70.6% | $6.9M+141.1% | $4.4M | $2.9M | $0 | $0-100.0% | $4.3M+4.0% |
| Long-Term Debt | $6.4M-7.2% | $7.5M+70.1% | $6.9M | $4.4M | N/A | N/A | N/A | N/A |
| Total Equity | $55.0M-8.4% | $58.6M-7.6% | $60.1M+20.1% | $63.4M+106.9% | $50.1M | $30.6M+7.4% | $28.5M+221.5% | $8.9M+7.8% |
| Retained Earnings | -$23.2M-23.4% | -$22.1M-49.5% | -$18.8M-48.4% | -$14.8M-87.3% | -$12.7M | -$7.9M | N/A | N/A |
EZGO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
EZGO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| EZGO Technologies Ltd. EZGO | FY2024 | $21.1M | -$7.3M | -34.5% | $4.4M | — |
| Vision Marine Technologies Inc. VMAR | FY2025 | $13.8M | -$21.7M | N/A | $3.9M | 37/100 |
| Twin Vee PowerCats Co. VEEE | FY2025 | $14.8M | -$8.6M | -58.1% | $5.2M | 32/100 |
| Kandi Technologies Group, Inc. KNDI | FY2025 | $87.4M | -$93.9M | N/A | $57.9M | 57/100 |
| Massimo Group MAMO | FY2025 | $71.8M | $1.5M | 2.1% | $39.5M | 44/100 |
| MasterCraft Boat Holdings, Inc. MCFT | FY2026 | $348.9M | -$1.7M | -0.5% | $467.3M | 49/100 |
Where EZGO Technologies Ltd. Ranks
Frequently Asked Questions
What is EZGO Technologies Ltd.'s annual revenue?
EZGO Technologies Ltd. (EZGO) reported $21.1M in total revenue for fiscal year 2024. This represents a 32.7% 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 EZGO Technologies Ltd.'s revenue growing?
EZGO Technologies Ltd. (EZGO) revenue grew by 32.7% year-over-year, from $15.9M to $21.1M in fiscal year 2024.
Is EZGO Technologies Ltd. profitable?
No, EZGO Technologies Ltd. (EZGO) reported a net income of -$7.3M in fiscal year 2024, with a net profit margin of -34.5%.
What is EZGO Technologies Ltd.'s EBITDA?
EZGO Technologies Ltd. (EZGO) had EBITDA of -$3.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does EZGO Technologies Ltd. have?
As of fiscal year 2024, EZGO Technologies Ltd. (EZGO) had $3.4M in cash and equivalents against $7.5M in long-term debt.
What is EZGO Technologies Ltd.'s gross margin?
EZGO Technologies Ltd. (EZGO) had a gross margin of 7.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is EZGO Technologies Ltd.'s operating margin?
EZGO Technologies Ltd. (EZGO) had an operating margin of -20.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is EZGO Technologies Ltd.'s net profit margin?
EZGO Technologies Ltd. (EZGO) had a net profit margin of -34.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is EZGO Technologies Ltd.'s return on equity (ROE)?
EZGO Technologies Ltd. (EZGO) has a return on equity of -12.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is EZGO Technologies Ltd.'s operating cash flow?
EZGO Technologies Ltd. (EZGO) recorded an outflow of $10.3M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are EZGO Technologies Ltd.'s total assets?
EZGO Technologies Ltd. (EZGO) had $85.4M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does EZGO Technologies Ltd. spend on research and development?
EZGO Technologies Ltd. (EZGO) invested $894K in research and development during fiscal year 2024.
What is EZGO Technologies Ltd.'s current ratio?
EZGO Technologies Ltd. (EZGO) had a current ratio of 2.45 as of fiscal year 2024, which is generally considered healthy.
What is EZGO Technologies Ltd.'s debt-to-equity ratio?
EZGO Technologies Ltd. (EZGO) had a debt-to-equity ratio of 0.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is EZGO Technologies Ltd.'s return on assets (ROA)?
EZGO Technologies Ltd. (EZGO) had a return on assets of -8.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is EZGO Technologies Ltd.'s P/E ratio?
EZGO Technologies Ltd. (EZGO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $4.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is EZGO Technologies Ltd.'s price-to-sales ratio?
EZGO Technologies Ltd. (EZGO) trades at 0.2x sales, its market capitalization divided by revenue of $21.1M revenue, FY2024. The market capitalization is $4.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does EZGO Technologies Ltd.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, EZGO Technologies Ltd. (EZGO) held $23.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $10.3M over that year. Dividing the one by the other, the reported balance equals about 27 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is EZGO Technologies Ltd.'s Altman Z-Score?
EZGO Technologies Ltd. (EZGO) has an Altman Z-Score of 0.17, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is EZGO Technologies Ltd.'s Piotroski F-Score?
EZGO Technologies Ltd. (EZGO) has a Piotroski F-Score of 2 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are EZGO Technologies Ltd.'s earnings high quality?
EZGO Technologies Ltd. (EZGO) reported a net loss of $7.3M while operations used $10.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can EZGO Technologies Ltd. cover its interest payments?
EZGO Technologies Ltd. (EZGO) reported an operating loss of $4.2M against $320K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.