Ebang International Holdings Inc. Announces Unaudited Financial Results for the First Half of Fiscal Year 2026
Rhea-AI Summary
Ebang International Holdings (Nasdaq: EBON) reported unaudited results for the first half of fiscal 2026. Total net revenues were approximately US$3.92 million, up 9.54% from US$3.58 million a year earlier, with product revenue rising to US$1.58 million and service revenue declining to US$2.35 million.
Cost of revenues fell 24.44% to US$3.20 million, driving a shift from a gross loss of US$0.65 million to a gross profit of US$0.73 million. Operating expenses increased to US$10.95 million, mainly from higher general and administrative costs. Loss from operations narrowed to US$10.22 million, but lower interest and exchange gains reduced total other income to US$4.68 million. Net loss widened to US$5.54 million, while net loss attributable to Ebang decreased to US$2.90 million, with basic and diluted loss per share improving to US$0.46 from US$0.72.
Positive
- Total net revenues up 9.54% to US$3.92 million year over year
- Gross margin turnaround: US$0.73 million gross profit vs. US$0.65 million gross loss
- Cost of revenues decreased 24.44% to US$3.20 million
- Loss from operations narrowed to US$10.22 million from US$10.86 million
- Net loss attributable to Ebang reduced to US$2.90 million from US$4.51 million
- Basic and diluted loss per share improved to US$0.46 from US$0.72
Negative
- Consolidated net loss increased to US$5.54 million from US$4.50 million
- Total operating expenses rose to US$10.95 million from US$10.21 million
- General and administrative expenses increased by about US$0.87 million to US$10.80 million
- Total other income declined to US$4.68 million from US$6.33 million
- Service revenue decreased to US$2.35 million from US$3.12 million
- Cash and cash equivalents declined to US$179.80 million from US$200.19 million at year-end 2025
News Explained
At June 30, 2026, cash and cash equivalents were US$179,797,584, while reported Class A and B share counts matched December 31, 2025.
The unaudited first-half report adds a completed-period balance sheet as of
Reported share counts were unchanged between those dates: Class A had
The consolidated net loss included
The balance sheet listed total assets of
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 24 | FY25 earnings | Positive | +4.0% | Revenue rose and net loss narrowed despite lower gross profit. |
| Aug 15 | H1 FY25 earnings | Neutral | -1.0% | Revenue and net loss improved, but gross loss replaced prior-year gross profit. |
| Apr 28 | FY24 earnings | Positive | +0.5% | Revenue increased while gross profit and net loss improved materially. |
| Aug 23 | H1 FY24 earnings | Negative | -1.9% | Revenue and gross profit declined despite reduced net loss and improved loss per share. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-matched earnings reactions were positive in three of four events, while one mixed first-half report diverged with a negative reaction.
Key Terms
vat recoverable financial
noncontrolling interests financial
comprehensive loss financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
GROVER, N.C., Aug. 14, 2026 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (Nasdaq: EBON) (the “Company,” “we,” “us” or “our”), today announced its unaudited financial results for the first half of fiscal year 2026.
Operational and Financial Highlights for the Six Months Ended June 30, 2026
Total net revenues reached approximately US
Gross profit improved to approximately US
Net loss was approximately US
“In the first half of fiscal year 2026, amid the accelerating global energy transition and continued investment in digital infrastructure, we remained focused on advancing our diversified growth strategy and capturing new opportunities in the energy, electric power equipment, and digital infrastructure sectors. During this period, our total revenue increased year over year, and we achieved meaningful progress in our renewable energy and related businesses initiative, laying a solid foundation for further business expansion and strengthening our long-term competitiveness,” said Mr. Dong Hu, Chairman and Chief Executive Officer of the Company.
Mr. Hu continued, “With the acceleration of global electrification, ongoing power grid upgrades, and surging demand for high-reliability power solutions—particularly from new computing infrastructure such as AI data centers—we are expanding our presence in advanced soft magnetic materials, electric power equipment, energy storage systems, and digital energy infrastructure. Leveraging our strengths in advanced manufacturing, engineering expertise, supply chain integration, and global operations, we will continue to strengthen coordination across our research and development, manufacturing, supply chain, and sales functions, foster synergies across our business segments, and enhance our competitive position in the global digital energy infrastructure sector.”
“Looking ahead, we will maintain a prudent yet flexible approach as we actively engage with and capitalize on the opportunities presented by the global energy transition and ongoing digital infrastructure modernization. Driven by technological innovation and supported by deeper collaboration across our value chain, we will continue to optimize our business portfolio with a focus on energy, electric power equipment, and digital infrastructure opportunities with strong growth and value-creation potential. Our goal is to build a more resilient, diversified, and sustainable business platform that delivers efficient, reliable solutions to customers worldwide and creates lasting value for our shareholders.”
Unaudited Financial Results for the Six Months Ended June 30, 2026
Total net revenues for the six months ended June 30, 2026 were US
Cost of revenues for the six months ended June 30, 2026 was US
Gross profit for the six months ended June 30, 2026 was US
Total operating expenses for the six months ended June 30, 2026 were US
- Selling expenses for the six months ended June 30, 2026 were US
$0.15 million , compared to US$0.27 million in the prior-year period. The decrease was primarily driven by the Company’s tightened expense management and adjusted sales strategies in response to changes in market conditions and customer demand, with focus shifted to the promotion of renewable energy products. - General and administrative expenses for the six months ended June 30, 2026 were US
$10.80 million , compared to US$9.94 million in the prior-year period. The increase was primarily driven by growth in expenses related to the renewable energy business and daily operations.
Loss from operations for the six months ended June 30, 2026 was US
Interest income for the six months ended June 30, 2026 was US
Total other income for the six months ended June 30, 2026 was US
Net loss for the six months ended June 30, 2026 was US
Net loss attributable to Ebang International Holdings Inc. for the six months ended June 30, 2026 was US
Basic and diluted net loss per share for the six months ended June 30, 2026 were both US
About Ebang International Holdings Inc.
Ebang International Holdings Inc. is a technology-driven company leveraging its manufacturing expertise, technological capabilities, and deep industry experience to pursue long-term growth opportunities. Building on this foundation, the Company has strategically expanded into the energy, electric power equipment, and digital infrastructure sectors, positioning itself to capitalize on the global energy transition, accelerating electrification, and digital infrastructure modernization. Since entering the Australian renewable energy market in November 2024, Ebang has continued to develop its renewable energy business while exploring adjacent opportunities in advanced soft magnetic materials, electrical power equipment, energy storage systems, and digital energy infrastructure. The Company remains focused on innovation, operational excellence, and greater coordination across the value chain to drive sustainable growth and long-term shareholder value. For more information, please visit https://ir.ebang.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “continue,” “likely to,” and similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company’s renewable energy strategy and expansion into related sectors, business diversification initiatives, digital energy infrastructure and advanced materials development, future operating results and financial position, market opportunities in the global energy transition, potential industrial synergies and competitive advantages, and the Company’s ability to deliver long-term value to shareholders. These statements are based on management’s current beliefs, plans, and expectations and reflect assumptions about future events, market conditions, and the Company’s ability to execute its strategy. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company’s control and may cause actual results, performance, or achievements to differ materially from those expressed or implied. These risks and uncertainties include, without limitation: the Company’s ability to successfully execute its business diversification and renewable energy growth strategy; market acceptance of the Company’s products and services; the Company’s ability to further penetrate its existing customer base and expand to new customers; the Company’s ability to develop new products and services and expand internationally; the success of any acquisitions or investments; increased competition in the Company’s markets; the Company’s ability to remain in compliance with applicable laws and regulations; and general market conditions across the blockchain, Fintech, and broader energy sectors, including political and economic conditions. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by applicable law.
Investor Relations Contact
For investor and media inquiries, please contact:
Ebang International Holdings Inc.
Email: ir@ebang.com
| EBANG INTERNATIONAL HOLDINGS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Stated in US dollars) | ||||||||
| June 30, 2026 | December 31, 2025 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 179,797,584 | $ | 200,191,726 | ||||
| Restricted cash, current | 43,244 | 31,155 | ||||||
| Short-term investments | 16,899,222 | 6,169,815 | ||||||
| Accounts receivable, net | 917,483 | 1,099,081 | ||||||
| Advances to suppliers | 70,111 | 477,748 | ||||||
| Inventories, net | 3,833,108 | 3,642,958 | ||||||
| Prepayments | 459,243 | 729,713 | ||||||
| VAT recoverable, current | 91,108 | 87,505 | ||||||
| Other current assets, net | 4,840,513 | 3,758,291 | ||||||
| Total current assets | 206,951,616 | 216,187,992 | ||||||
| Non-current assets: | ||||||||
| Property, plant and equipment, net | 29,782,594 | 29,804,484 | ||||||
| Intangible assets, net | 3,240,997 | 2,196,854 | ||||||
| Operating lease right-of-use assets | 1,103,548 | 3,608,497 | ||||||
| Operating lease right-of-use assets - related party | 50,824 | 69,486 | ||||||
| Restricted cash, non-current | 256,979 | 796,786 | ||||||
| VAT recoverable, non-current | 1,172,177 | 1,468,819 | ||||||
| Long-term prepayments and other assets | 5,336,648 | 2,635,010 | ||||||
| Total non-current assets | 40,943,767 | 40,579,936 | ||||||
| Total assets | $ | 247,895,383 | $ | 256,767,928 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 375,236 | $ | 436,119 | ||||
| Accrued liabilities and other payables | 6,345,019 | 6,310,237 | ||||||
| Operating lease liabilities, current | 386,327 | 1,105,514 | ||||||
| Operating lease liabilities - related party, current | 43,415 | 48,252 | ||||||
| Advances from customers | 40,520 | 14,812 | ||||||
| Income taxes payable | 32,624 | - | ||||||
| Total current liabilities | 7,223,141 | 7,914,934 | ||||||
| Non-current liabilities: | ||||||||
| Operating lease liabilities, non-current | 772,504 | 3,430,152 | ||||||
| Operating lease liabilities - related party, non-current | 7,408 | 21,234 | ||||||
| Other non-current liability | 368,086 | 357,403 | ||||||
| Deferred tax liabilities | 3,486 | 3,379 | ||||||
| Total non-current liabilities | 1,151,484 | 3,812,168 | ||||||
| Total liabilities | 8,374,625 | 11,727,102 | ||||||
| Equity: | ||||||||
| Class A ordinary shares, HKD0.03 par value, 11,112,474 shares authorized, 4,989,746 shares issued and 4,726,424 shares outstanding as of June 30, 2026 and December 31, 2025 | 18,178 | 18,178 | ||||||
| Class B ordinary shares, HKD0.03 par value, 1,554,192 shares authorized, issued and outstanding as of June 30, 2026 and December 31, 2025 | 5,978 | 5,978 | ||||||
| Additional paid-in capital | 396,090,766 | 396,090,766 | ||||||
| Statutory reserves | 11,079,649 | 11,079,649 | ||||||
| Accumulated deficit | (152,089,752 | ) | (149,185,245 | ) | ||||
| Accumulated other comprehensive loss | (13,806,061 | ) | (13,777,506 | ) | ||||
| Total Ebang International Holdings Inc. shareholders’ equity | 241,298,758 | 244,231,820 | ||||||
| Non-controlling interest | (1,778,000 | ) | 809,006 | |||||
| Total equity | 239,520,758 | 245,040,826 | ||||||
| Total liabilities and equity | $ | 247,895,383 | $ | 256,767,928 | ||||
| EBANG INTERNATIONAL HOLDINGS INC. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) (Stated in US dollars) | ||||||||
| For the six months ended June 30, 2026 | For the six months ended June 30, 2025 | |||||||
| Product revenue | $ | 1,578,326 | $ | 459,688 | ||||
| Service revenue | 2,345,623 | 3,122,481 | ||||||
| Total revenues | 3,923,949 | 3,582,169 | ||||||
| Cost of revenues | 3,196,538 | 4,230,712 | ||||||
| Gross profit (loss) | 727,411 | (648,543 | ) | |||||
| Operating expenses: | ||||||||
| Selling expenses | 148,787 | 272,420 | ||||||
| General and administrative expenses | 10,801,087 | 9,935,934 | ||||||
| Total operating expenses | 10,949,874 | 10,208,354 | ||||||
| Loss from operations | (10,222,463 | ) | (10,856,897 | ) | ||||
| Other income (expenses): | ||||||||
| Interest income | 3,334,666 | 4,412,508 | ||||||
| Other income | 237,922 | 127,717 | ||||||
| Gain (loss) from investment | 46,670 | (359,815 | ) | |||||
| Exchange gain | 1,246,893 | 2,203,176 | ||||||
| Government grants | 6,886 | 17,439 | ||||||
| Other expenses | (194,236 | ) | (70,493 | ) | ||||
| Total other income | 4,678,801 | 6,330,532 | ||||||
| Loss before income taxes benefit | (5,543,662 | ) | (4,526,365 | ) | ||||
| Income taxes benefit | - | 30,224 | ||||||
| Net loss | (5,543,662 | ) | (4,496,141 | ) | ||||
| Less: net (loss) income attributable to non-controlling interest | (2,639,155 | ) | 18,735 | |||||
| Net loss attributable to Ebang International Holdings Inc. | $ | (2,904,507 | ) | $ | (4,514,876 | ) | ||
| Comprehensive loss | ||||||||
| Net loss | $ | (5,543,662 | ) | $ | (4,496,141 | ) | ||
| Other comprehensive income (loss): | ||||||||
| Foreign currency translation adjustment | 23,594 | (1,025,028 | ) | |||||
| Total comprehensive loss | (5,520,068 | ) | (5,521,169 | ) | ||||
| Less: comprehensive (loss) income attributable to non-controlling interest | (2,587,006 | ) | 67,446 | |||||
| Comprehensive loss attributable to Ebang International Holdings Inc. | $ | (2,933,062 | ) | $ | (5,588,615 | ) | ||
| Net loss per ordinary share attributable to Ebang International Holdings Inc. | ||||||||
| Basic | $ | (0.46 | ) | $ | (0.72 | ) | ||
| Diluted | $ | (0.46 | ) | $ | (0.72 | ) | ||
| Weighted average ordinary shares outstanding | ||||||||
| Basic | 6,280,616 | 6,280,616 | ||||||
| Diluted | 6,280,616 | 6,280,616 | ||||||
