Ebang International Holdings Inc. Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2025
Ebang International Holdings (NASDAQ:EBON) reported its unaudited financial results for H1 2025, showing mixed performance. Total net revenues increased 69.46% to US$3.58 million from US$2.11 million in H1 2024, driven by renewable energy products and rental services. However, the company recorded a gross loss of US$0.65 million compared to a gross profit of US$0.08 million in the previous year.
The company's net loss improved to US$4.50 million from US$6.65 million year-over-year, while operating expenses decreased to US$10.21 million from US$12.50 million. EBON is strategically expanding into renewable energy and exploring "Made in America" manufacturing opportunities, leveraging its expertise in chip technology and intelligent manufacturing.
Ebang International Holdings (NASDAQ:EBON) ha pubblicato i risultati finanziari non verificati per il primo semestre 2025, mostrando performance contrastanti. I ricavi netti totali sono cresciuti del 69,46% a US$3,58 milioni rispetto a US$2,11 milioni nel primo semestre 2024, trainati dai prodotti per energie rinnovabili e dai servizi di noleggio. Tuttavia, la società ha registrato una perdita lorda di US$0,65 milioni contro un utile lordo di US$0,08 milioni dell’anno precedente.
La perdita netta si è ridotta a US$4,50 milioni rispetto a US$6,65 milioni anno su anno, mentre le spese operative sono scese a US$10,21 milioni da US$12,50 milioni. EBON sta espandendo strategicamente le attività nel settore delle energie rinnovabili e sta esplorando opportunità di produzione "Made in America", sfruttando la propria esperienza nella tecnologia dei chip e nella produzione intelligente.
Ebang International Holdings (NASDAQ:EBON) informó sus resultados financieros no auditados del primer semestre de 2025, mostrando un desempeño mixto. Los ingresos netos totales aumentaron un 69,46% hasta US$3,58 millones desde US$2,11 millones en el primer semestre de 2024, impulsados por productos de energía renovable y servicios de alquiler. Sin embargo, la compañía registró una pérdida bruta de US$0,65 millones frente a una ganancia bruta de US$0,08 millones del año anterior.
La pérdida neta mejoró hasta US$4,50 millones desde US$6,65 millones interanual, mientras que los gastos operativos disminuyeron a US$10,21 millones desde US$12,50 millones. EBON se está expandiendo estratégicamente hacia la energía renovable y explora oportunidades de fabricación "Made in America", aprovechando su experiencia en tecnología de chips y fabricación inteligente.
Ebang International Holdings (NASDAQ:EBON)는 2025년 상반기(검토되지 않은) 재무 실적을 발표했으며, 성과는 엇갈렸습니다. 총 순매출은 재생에너지 제품과 임대 서비스에 힘입어 69.46% 증가한 미화 358만 달러로, 2024년 상반기의 미화 211만 달러에서 상승했습니다. 그러나 회사는 전년의 미화 8만 달러의 총이익에서 미화 65만 달러의 총손실을 기록했습니다.
순손실은 전년 동기 대비 개선되어 미화 450만 달러를 기록했으며, 영업비용은 미화 1,021만 달러로 미화 1,250만 달러에서 감소했습니다. EBON은 칩 기술과 지능형 제조 역량을 활용하여 재생에너지 분야로 전략적으로 확장하고 "Made in America" 제조 기회를 모색하고 있습니다.
Ebang International Holdings (NASDAQ:EBON) a publié ses résultats financiers non audités pour le premier semestre 2025, affichant des performances mitigées. Les revenus nets totaux ont augmenté de 69,46% pour atteindre 3,58 millions de dollars contre 2,11 millions de dollars au S1 2024, soutenus par les produits d'énergie renouvelable et les services de location. Toutefois, la société a enregistré une perte brute de 0,65 million de dollars contre un bénéfice brut de 0,08 million de dollars l'année précédente.
La perte nette s'est améliorée à 4,50 millions de dollars contre 6,65 millions de dollars en glissement annuel, tandis que les charges d'exploitation ont diminué à 10,21 millions de dollars contre 12,50 millions de dollars. EBON se développe stratégiquement dans les énergies renouvelables et explore des opportunités de fabrication "Made in America", en tirant parti de son expertise en technologie de puces et en fabrication intelligente.
Ebang International Holdings (NASDAQ:EBON) veröffentlichte seine ungeprüften Finanzergebnisse für das erste Halbjahr 2025 und weist ein gemischtes Bild auf. Die gesamten Nettoumsätze stiegen um 69,46% auf 3,58 Mio. US$ gegenüber 2,11 Mio. US$ im ersten Halbjahr 2024, angetrieben durch Produkte im Bereich erneuerbare Energien und Vermietungsdienstleistungen. Allerdings verzeichnete das Unternehmen einen Bruttoverlust von 0,65 Mio. US$ gegenüber einem Bruttogewinn von 0,08 Mio. US$ im Vorjahr.
Der Nettoverlust verbesserte sich auf 4,50 Mio. US$ gegenüber 6,65 Mio. US$ im Vorjahresvergleich, während die betrieblichen Aufwendungen auf 10,21 Mio. US$ von 12,50 Mio. US$ sanken. EBON baut seine Aktivitäten strategisch im Bereich erneuerbare Energien aus und prüft Herstellungsmöglichkeiten "Made in America", wobei das Unternehmen seine Kompetenzen in Chip-Technologie und intelligenter Fertigung nutzt.
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Insights
Ebang shows revenue growth but continued losses as it pivots toward renewable energy while maintaining fintech operations.
Ebang's H1 2025 results present a mixed financial picture. While the company achieved a
Despite the top-line growth, Ebang faces significant profitability challenges. The cost of revenues surged by
On the positive side, Ebang has made notable progress in controlling operating expenses, which decreased from
The company's interest income declined from
Ebang appears to be executing a strategic transformation from its original blockchain hardware business toward renewable energy solutions, leveraging its existing expertise in chip technology and manufacturing. Management's commentary indicates a three-pronged strategy focused on regulated fintech services, renewable energy vertical integration, and expanding "Made in America" manufacturing capabilities across multiple sectors.
SINGAPORE, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we,” “us” or “our”), today announced its unaudited financial results for the first six months of fiscal year 2025.
Operational and Financial Highlights for the First Six Months of Fiscal Year 2025
Total net revenues in the first six months of 2025 were US
Gross loss in the first six months of 2025 was US
Net loss in the first six months of 2025 was US
Mr. Dong Hu, Chairman and Chief Executive Officer of the Company, commented, “In the first half of 2025, our Fintech business has demonstrated resilience, achieving modest growth amidst a complex macroeconomic landscape. Concurrently, our forward-looking investments in renewable energy have made strides, turning this field as a new growth engine for the company. We believe that the global carbon neutrality process has shifted from being policy-driven to market-driven, and the demand for renewable energy will continue to thrive. Leveraging our fifteen years of extensive experience in chip technology, hardware, and intelligent manufacturing, the Company is rapidly repurposing high-efficiency computing power, precision manufacturing, and energy management technologies into photovoltaic, energy storage, and smart energy applications. This approach enables us to achieve dual optimization in product iteration and cost efficiency.”
Mr. Hu continues, “Looking ahead, we will continue to explore the incremental demand for technology, cross-border payments, and digital asset trading in the regulated Fintech market under a compliance framework. We are committed to continuously launching products and services that align with market needs. In the renewable energy field, we aim to establish a vertically integrated industrial ecosystem that connects the entire value chain—from upstream raw materials and midstream manufacturing to downstream energy services. At the same time, leveraging our company’s established mature manufacturing system, we are actively exploring new opportunities for “Made in America”. We aim to expand the coverage of “Made in America”, extending our manufacturing advantages into a broader range of scenarios and establishing a diversified local production capacity across multiple fields. We firmly believe that a clear strategy, leading technology, and exceptional execution capabilities are core competencies that enable our company to navigate through cycles successfully. We will persistently scan global markets for emerging demands, new policies, and innovative technologies while prudently yet decisively allocating resources to expand new development spaces and create long-term stable value returns for our shareholders.”
Unaudited Financial Results for the First Six Months of Fiscal Year 2025
Total net revenues in the first six months of 2025 were US
Cost of revenues in the first six months of 2025 was US
Gross loss in the first six months of 2025 was US
Total operating expenses in the first six months of 2025 were US
- Selling expenses in the first six months of 2025 were US
$0.27 million compared to US$0.66 million in the same period of 2024. The period-over-period decrease in selling expenses was mainly driven by execution of cost-saving initiatives across the Company’s Chinese subsidiaries during the first six months of 2025. - General and administrative expenses in the first six months of 2025 were US
$9.94 million compared to US$11.84 million in the same period of 2024. The period-over-period decrease in general and administrative expenses was mainly due to our optimization and streamlining of business operations, including resource allocation, cost and expense control.
Loss from operations in the first six months of 2025 was US
Interest income in the first six months of 2025 was US
Other income in the first six months of 2025 was US
Other expense in the first six months of 2025 was US
Net loss in the first six months of 2025 was US
Net loss attributable to Ebang International Holdings Inc. in the first six months of 2025 was US
Basic and diluted net loss per share in the first six months of 2025 were both US
About Ebang International Holdings Inc.
Ebang, leveraging years of manufacturing experience and possessing expertise in blockchain technology and Fintech, has emerged as a key player in these fields. The Company utilizes advanced technologies and cutting-edge financial services to develop and launch innovative Fintech service platforms that have received positive acclaim in the market. In order to diversify its product offerings for more stable financial performance, the Company has expanded into the renewable energy sector, underscoring its commitment to sustainability and long-term growth. In the foreseeable future, it will continue to focus on both its Fintech and renewable energy businesses while maintaining adaptability to market demands and remaining open to new opportunities. 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 include, without limitation, the Company’s development plans and business outlook, which can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “continue,” “likely to,” and other similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such statements are not historical facts, and are based upon the Company’s current beliefs, plans and expectations, and the current markets and operating conditions. Forward-looking statements include, but are not limited to, statements regarding our future operating results and financial position, our business strategy and plans, expectations relating to our industry, the regulatory environment, market conditions, trends and growth, expectations relating to customer behaviors and preferences, our market position and potential market opportunities, and our objectives for future operations. Forward-looking statements involve inherent known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance and achievements to differ materially from those contained in any forward-looking statement. These risks and uncertainties include our ability to successfully execute our business and growth strategy and maintain future profitability, market acceptance of our products and services, our ability to further penetrate our existing customer base and expand our customer base, our ability to develop new products and services, our ability to expand internationally, the success of any acquisitions or investments that we make, the effects of increased competition in our markets, our ability to stay in compliance with applicable laws and regulations, market conditions across the blockchain, Fintech and general markets, political and economic conditions. Further information regarding these and other risks, uncertainties or factors 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 indicated, and the Company undertakes no obligation to update or revise the information contained in any forward-looking statements as a result of new information, future events or otherwise, except as required under 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, 2025 | December 31, 2024 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 214,500,925 | $ | 213,822,331 | ||||
| Restricted cash, current | 293,033 | 580,019 | ||||||
| Short-term investments | 705,880 | 4,906,760 | ||||||
| Accounts receivable, net | 1,376,157 | 1,586,766 | ||||||
| Advances to suppliers | 85,641 | 70,312 | ||||||
| Inventories, net | 923,781 | 597,116 | ||||||
| Prepayments | 446,357 | 322,382 | ||||||
| VAT recoverable, current | 85,406 | 3,203,198 | ||||||
| Other current assets, net | 5,840,320 | 5,676,953 | ||||||
| Total current assets | 224,257,500 | 230,765,837 | ||||||
| Non-current assets: | ||||||||
| Property, plant and equipment, net | 29,185,051 | 29,907,181 | ||||||
| Intangible assets, net | 3,353,250 | 3,339,664 | ||||||
| Operating lease right-of-use assets | 2,733,644 | 3,348,442 | ||||||
| Operating lease right-of-use assets - related parties | 27,537 | 40,081 | ||||||
| Restricted cash, non-current | 640,244 | 602,178 | ||||||
| Goodwill | 1,349,288 | 1,277,789 | ||||||
| VAT recoverable, non-current | 1,590,815 | 766,587 | ||||||
| Other assets | 4,909,975 | 5,756,224 | ||||||
| Total non-current assets | 43,789,804 | 45,038,146 | ||||||
| Total assets | $ | 268,047,304 | $ | 275,803,983 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 416,879 | $ | 286,099 | ||||
| Accrued liabilities and other payables | 9,047,734 | 10,367,210 | ||||||
| Operating lease liabilities, current | 659,016 | 1,114,377 | ||||||
| Operating lease liabilities - related parties, current | 24,046 | 29,961 | ||||||
| Advances from customers | 43,083 | 55,403 | ||||||
| Total current liabilities | 10,190,758 | 11,853,050 | ||||||
| Non-current liabilities: | ||||||||
| Operating lease liabilities, non-current | 2,682,053 | 2,877,122 | ||||||
| Operating lease liabilities – related parties, non-current | 3,491 | 10,120 | ||||||
| Other non-current liability | 383,714 | 376,841 | ||||||
| Deferred tax liabilities | 312,008 | 326,452 | ||||||
| Total non-current liabilities | 3,381,266 | 3,590,535 | ||||||
| Total liabilities | 13,572,024 | 15,443,585 | ||||||
| Equity: | ||||||||
| Class A ordinary share, HKD0.03 par value, 11,112,474 shares authorized, 4,989,746 shares issued, and 4,726,424 shares outstanding as of June 30, 2025 and December 31, 2024 | 18,178 | 18,178 | ||||||
| Class B ordinary share, HKD0.03 par value, 1,554,192 shares authorized, issued and outstanding as of June 30, 2025 and December 31, 2024 | 5,978 | 5,978 | ||||||
| Additional paid-in capital | 396,090,766 | 396,454,715 | ||||||
| Statutory reserves | 11,079,649 | 11,079,649 | ||||||
| Accumulated deficit | (139,606,592 | ) | (135,091,716 | ) | ||||
| Accumulated other comprehensive loss | (13,947,759 | ) | (12,874,020 | ) | ||||
| Total Ebang International Holdings Inc. shareholders’ equity | 253,640,220 | 259,592,784 | ||||||
| Non-controlling interest | 835,060 | 767,614 | ||||||
| Total equity | 254,475,280 | 260,360,398 | ||||||
| Total liabilities and equity | $ | 268,047,304 | $ | 275,803,983 | ||||
| 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, 2025 | For the six months ended June 30, 2024 | |||||||
| Product revenue | $ | 459,688 | $ | 359,498 | ||||
| Service revenue | 3,122,481 | 1,754,376 | ||||||
| Total revenues | 3,582,169 | 2,113,874 | ||||||
| Cost of revenues | 4,230,712 | 2,032,038 | ||||||
| Gross profit | (648,543 | ) | 81,836 | |||||
| Operating expenses: | ||||||||
| Selling expenses | 272,420 | 657,507 | ||||||
| General and administrative expenses | 9,935,934 | 11,841,322 | ||||||
| Total operating expenses | 10,208,354 | 12,498,829 | ||||||
| Loss from operations | (10,856,897 | ) | (12,416,993 | ) | ||||
| Other income (expenses): | ||||||||
| Interest income | 4,412,508 | 6,035,650 | ||||||
| Other income | 127,717 | 333,151 | ||||||
| (Loss) Gain from investment | (359,815 | ) | 3,104 | |||||
| Net loss on disposal of cryptocurrencies | - | (64,344 | ) | |||||
| Exchange gain (loss) | 2,203,176 | (520,020 | ) | |||||
| Government grants | 17,439 | 27,854 | ||||||
| Other expenses | (70,493 | ) | (61,744 | ) | ||||
| Total other income | 6,330,532 | 5,753,651 | ||||||
| Loss before income taxes benefit | (4,526,365 | ) | (6,663,342 | ) | ||||
| Income taxes benefit | 30,224 | 17,928 | ||||||
| Net loss | (4,496,141 | ) | (6,645,414 | ) | ||||
| Less: net income (loss) attributable to non-controlling interest | 18,735 | (416,905 | ) | |||||
| Net loss attributable to Ebang International Holdings Inc. | $ | (4,514,876 | ) | $ | (6,228,509 | ) | ||
| Comprehensive loss | ||||||||
| Net loss | $ | (4,496,141 | ) | $ | (6,645,414 | ) | ||
| Other comprehensive loss: | ||||||||
| Foreign currency translation adjustment | (1,025,028 | ) | (692,823 | ) | ||||
| Total comprehensive loss | (5,521,169 | ) | (7,338,237 | ) | ||||
| Less: comprehensive gain (loss) attributable to non-controlling interest | 67,446 | (503,573 | ) | |||||
| Comprehensive loss attributable to Ebang International Holdings Inc. | $ | (5,588,615 | ) | $ | (6,834,664 | ) | ||
| Net loss per ordinary share attributable to Ebang International Holdings Inc. | ||||||||
| Basic | $ | (0.72 | ) | $ | (0.99 | ) | ||
| Diluted | $ | (0.72 | ) | $ | (0.99 | ) | ||
| Weighted average ordinary shares outstanding | ||||||||
| Basic | 6,280,616 | 6,280,616 | ||||||
| Diluted | 6,280,616 | 6,280,616 | ||||||
