Welcome to our dedicated page for Ehang Holdings SEC filings (Ticker: EH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
EHang Holdings Limited files as a foreign private issuer, with recent Form 6-K reports documenting unaudited financial results, business updates and corporate governance changes. The filings provide formal exhibits for quarterly and annual press releases, including eVTOL aircraft sales and deliveries, revenue and margin disclosures, and updates tied to EH216 series aircraft and VT35 development.
The company’s SEC reports also record board-approved technology leadership changes and identify materials incorporated by reference into its Form F-3 registration statement. For EH, the filing record is centered on current reports that document operating performance, product commercialization activity, AAM regulatory progress and governance actions.
EHang Holdings Limited, a Cayman Islands holding company for China-based UAV operations, filed its 2025 annual report. It operates primarily through PRC subsidiaries and a variable interest entity (VIE); the VIE contributed 7.9%, 1.2% and 1.6% of consolidated revenues in 2023, 2024 and 2025.
Consolidated revenues were RMB117.4 million in 2023, RMB456.2 million in 2024 and RMB418.0 million in 2025, while net losses were RMB302.3 million, RMB230.0 million and RMB276.4 million. The company highlights significant legal and operational risks from its China structure, evolving PRC regulation, VIE enforcement uncertainty and potential U.S. trading prohibitions under the Holding Foreign Companies Accountable Act.
EHang Holdings Limited is correcting previously reported unaudited 2025 interim and annual financial results after identifying revenue recognition errors. For the year ended December 31, 2025, total revenues were reduced from RMB 509,504 thousand to RMB 417,981 thousand, while net loss widened from RMB 230,973 thousand to RMB 276,411 thousand. Key balance sheet items were revised, including accounts receivable at December 31, 2025 decreasing from RMB 210,412 thousand to RMB 111,670 thousand and total assets falling from RMB 2,049,908 thousand to RMB 1,991,533 thousand. The company concluded that collection was not probable for certain customer orders under ASC 606, so related consideration is now classified as contract liabilities and associated costs and taxes were adjusted. EHang also determined it no longer qualifies as a well-known seasoned issuer and cannot use its Form F-3ASR registration statement for new offerings until a post-effective amendment is declared effective.
EHang Holdings Ltd Chief Technology Officer Feng Shuai has reported his initial equity holdings. He holds 652,500 Class A Ordinary Shares directly, including 612,500 restricted share units that settle into one share each as they vest. Of these RSUs, 500,000 are scheduled to vest in one year and 112,500 in three years, subject to continued service.
He also has an option to acquire 75,000 Class A Ordinary Shares at an exercise price of $0.0001 per share, expiring on December 31, 2034, with vesting over two years. In addition, 89,800 Class A Ordinary Shares are held indirectly through Smart Intelligence Holding Limited. The company’s Class A Ordinary Shares may be traded in the form of American Depositary Shares, with each ADS representing two Class A Ordinary Shares.
EHang Holdings Ltd director Wu Dongming reported his initial ownership in the company. He holds share options to acquire 53,737 Class A Ordinary Shares at an exercise price of $5.8853 per share, expiring on June 29, 2030.
He also holds 130,000 Class A Ordinary Shares, which include 37,500 restricted share units that vest over three years, subject to his continued service with the company. The filing notes that each American Depositary Share represents two Class A Ordinary Shares.
EHang Holdings Ltd director Hou Haoxiang filed an initial ownership report showing indirect holdings of 60,000 Class A Ordinary Shares. The shares are held through Taxus Investment Holdings Limited, a British Virgin Islands company. The filing notes that each ADS represents two Class A Ordinary Shares.
EHang Holdings Ltd executive Wang Zhao, the Chief Operating Officer, has reported his initial beneficial ownership of the company’s Class A Ordinary Shares. He indirectly holds 742,500 Class A Ordinary Shares through Caland Tech Limited, a British Virgin Islands company.
He also has 1,327,500 restricted share units (RSUs) directly, each representing a right to receive one Class A Ordinary Share upon settlement. Of these RSUs, 1,000,000 are scheduled to vest in two years, 127,500 in three years and 200,000 in four years, subject to his continued service. The filing notes that the Class A Ordinary Shares may be represented by ADSs, with each ADS equal to two Class A Ordinary Shares.
EHang Holdings Ltd director Lau Wing Kee filed an initial statement of beneficial ownership, reporting interests tied to 41,000 restricted share units (RSUs) linked to the company’s Class A Ordinary Shares. The filing notes that each RSU represents a contingent right to receive one Class A Ordinary Share upon settlement.
According to the vesting schedule, 10,250 RSUs had vested as of 8/15/2024 and another 10,250 RSUs had vested as of 8/15/2025, with the remaining 20,500 RSUs scheduled to vest over two additional years, subject to continued service. The filing also states that the company’s Class A Ordinary Shares may be represented by American Depositary Shares, with each ADS corresponding to two Class A Ordinary Shares.
EHang Holdings Ltd director and chief financial officer Yang Conor Chia-hung filed an initial statement of beneficial ownership. The filing shows direct holdings of 2,575,000 Class A Ordinary Shares, including 1,600,000 restricted share units that vest over two to four years. It also lists a share option to acquire 200,000 Class A Ordinary Shares at an exercise price of $0.0001 per share, expiring on December 31, 2034. The company notes that each American Depositary Share represents two Class A Ordinary Shares.
EHang Holdings Ltd director Li Haiyan filed an initial ownership report showing indirect control of 755,100 Class A Ordinary Shares. These shares are held through RedChip Strategy Limited, a Hong Kong company wholly owned by Li. The position includes 566,325 restricted share units that vest over three years, and the shares may be represented by American Depositary Shares, with each ADS equal to two Class A Ordinary Shares.
EHang Holdings reported a strong finish to 2025, with fourth-quarter revenues of RMB243.8 million, up 48.4% year-over-year and 163.6% from the prior quarter, driven by higher eVTOL deliveries. Gross margin was 62.1%, and the company achieved its first GAAP-profitable quarter with net income of RMB10.5 million.
For full year 2025, revenues reached a record RMB509.5 million, up 11.7%, with a 62.0% gross margin, but EHang still posted a GAAP net loss of RMB231.0 million. Cash, restricted deposits and short-term investments totaled RMB1.13 billion as of December 31, 2025. Management expects 2026 revenues of around RMB600 million, approximately 18% growth.