Ebang International Holdings Inc. (EBON) Balance Sheet
EBON balance sheet, 2025
December 31, 2025 · U.S. dollars$256.8M assets = $11.7M liabilities + $245.0M equity
Both columns are drawn to the same scale: what EBON owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EBON financial health
Descriptive bands, not a rating. Fiscal 2025.
EBON balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $46.3M2016 | $256.8M2025 | +21.0%/yr | |
| Total liabilities | $15.9M2016 | $11.7M2025 | −3.3%/yr | |
| Shareholders’ equity | $23.7M2016 | $244.2M2025 | +29.6%/yr | |
| Cash & short-term investments | $10.0M2016 | $206.4M2025 | +39.9%/yr | |
| Total debt | $11.5M2016 | $4.6M2025 | −9.7%/yr | |
| Net cash (debt) | −$1.5M2016 | $201.8M2025 | +$203.2M | |
| Working capital | $20.6M2016 | $208.3M2025 | +$187.7M | |
| Book value per share | $54.642018 | $38.892025 | −4.7%/yr | |
| Debt / equity | 0.492016 | 0.022025 | −0.47 | |
| Shares outstanding | 1.1M2018 | 6.3M2025 | +27.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EBON assets
EBON liabilities and equity
EBON debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EBON balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $206.4M | $219.3M | $242.1M | $257.2M | $275.3M | $54.5M | $3.5M | $10.0M | $132.7M | $10.0M |
| Cash & equivalents | $200.2M | $213.8M | $241.6M | $251.3M | $239.9M | $13.7M | $3.5M | $10.0M | $132.7M | $10.0M |
| Short-term investments | $6.2M | $4.9M | $496,122 | $5.8M | $35.4M | $40.8M | — | — | $38,390 | $41,873 |
| Receivables | $1.1M | $1.6M | $946,514 | $3.3M | $9.9M | $8.0M | $8.1M | $21.6M | $18.3M | $14.7M |
| Inventory | $4.1M | $667,428 | $198,846 | $1.6M | $7.1M | $3.8M | $13.1M | $66.3M | $162.1M | $10.6M |
| Other current assets | $4.6M | $9.2M | $7.2M | $7.0M | $6.5M | $2.3M | $4.1M | $27.2M | $1 | $440,398 |
| Total current assets | $216.2M | $230.8M | $250.4M | $269.1M | $298.8M | $68.6M | $28.8M | $125.0M | $313.1M | $35.8M |
| Property, plant & equipment (net) | $33.5M | $33.3M | $39.3M | $42.4M | $36.6M | $30.0M | $14.5M | $17.0M | $8.3M | $3.4M |
| Goodwill & intangible assets | $2.2M | $4.6M | $2.3M | $9.2M | $22.5M | $23.1M | $3.8M | $4.7M | $7.7M | $6.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.9M | $7.1M | $6.2M | $23.5M | $27.9M | $22.5M | $35.5M | $2.7M | $3.1M | $449,578 |
| Total assets | $256.8M | $275.8M | $298.2M | $344.2M | $385.9M | $144.2M | $82.6M | $149.5M | $332.2M | $46.3M |
| Liabilities | ||||||||||
| Accounts payable | $436,119 | $286,099 | $292,570 | $1.5M | $3.4M | $2.8M | $11.8M | $43.6M | $9.9M | $1.9M |
| Short-term debt | $1.2M | $1.1M | $1.8M | $1.5M | $1.4M | $2.5M | $5.7M | $23.0M | $5.7M | $11.1M |
| Deferred revenue | $14,812 | $55,403 | $122,523 | $1.0M | $2.2M | $2.1M | $7.3M | $2.0M | $186.3M | $85,905 |
| Total current liabilities | $7.9M | $11.9M | $12.0M | $15.5M | $14.7M | $34.3M | $39.0M | $77.0M | $225.8M | $15.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $17.6M | $4.6M | $0 | $0 |
| Lease obligations | $4.6M | $4.0M | $6.7M | $7.3M | $3.4M | $796,335 | $1.2M | $0 | — | — |
| Other long-term liabilities | $3.8M | $3.6M | $5.0M | $6.9M | $2.2M | $119,699 | $0 | $0 | $666,615 | $688,538 |
| Total liabilities | $11.7M | $15.4M | $16.9M | $22.4M | $16.9M | $34.4M | $57.0M | $81.6M | $226.4M | $15.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $24,156 | $24,156 | $24,156 | $24,058 | $23,826 | $17,389 | $14,330 | $14,330 | $17.2M | $15.1M |
| Retained earnings (deficit) | −$149.2M | −$135.1M | −$114.8M | −$78.1M | −$34.2M | −$38.6M | −$7.9M | $45.5M | $59.0M | $5.4M |
| Accumulated other comprehensive income | −$2.7M | −$1.8M | −$2.8M | −$644,882 | $4.2M | $3.4M | $2.0M | $2.6M | $4.7M | $794,445 |
| Minority interest | $809,006 | $767,614 | $1.5M | $2.9M | — | — | — | — | — | — |
| Total shareholders' equity | $244.2M | $259.6M | $279.8M | $318.9M | $363.7M | $103.1M | $18.0M | $61.6M | $97.7M | $23.7M |
| Key figures | ||||||||||
| Total debt | $4.6M | $4.0M | $6.7M | $7.3M | $3.4M | $2.6M | $23.7M | $27.7M | $5.7M | $11.5M |
| Net cash (debt) | $201.8M | $215.3M | $235.5M | $249.9M | $271.9M | $51.9M | −$20.2M | −$17.7M | $127.0M | −$1.5M |
| Working capital | $208.3M | $218.9M | $238.5M | $253.6M | $284.1M | $34.3M | −$10.2M | $48.0M | $87.3M | $20.6M |
| Tangible book value | $242.0M | $255.0M | $277.5M | $309.7M | $341.2M | $80.0M | $14.2M | $56.9M | $89.9M | $16.9M |
| Book value per share | $38.89 | $41.33 | $44.60 | $51.05 | $61.35 | $25.37 | $3.55 | $54.64 | — | — |
| Shares outstanding | 6.3M | 6.3M | 6.3M | 6.2M | 5.9M | 4.1M | 5.1M | 1.1M | — | — |
| Current ratio | 27.31 | 19.47 | 20.94 | 17.38 | 20.32 | 2.00 | 0.74 | 1.62 | 1.39 | 2.36 |
| Quick ratio | 26.22 | 18.64 | 20.32 | 16.82 | 19.39 | 1.82 | 0.30 | 0.41 | 0.67 | 1.63 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.03 | 1.32 | 0.45 | 0.06 | 0.49 |
| Equity / assets | 95.1% | 94.1% | 93.8% | 92.7% | 94.3% | 71.5% | 21.8% | 41.2% | 29.4% | 51.1% |
| Jun '26 | Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $196.7M | $206.4M | $206.4M | $215.2M | $218.7M | $218.7M | $235.7M | $242.1M | $242.1M | $249.8M | $257.1M | $257.1M |
| Cash & equivalents | $179.8M | $200.2M | $200.2M | $214.5M | $213.8M | $213.8M | $229.9M | $241.6M | $241.6M | $248.9M | $251.3M | $251.3M |
| Short-term investments | $16.9M | $6.2M | $6.2M | $705,880 | $4.9M | $4.9M | $5.8M | $496,122 | $496,122 | $869,805 | $5.8M | $5.8M |
| Receivables | $917,483 | $1.1M | $1.1M | $1.5M | $4.8M | $1.6M | $1.4M | $946,514 | $946,514 | $1.8M | $3.3M | $3.3M |
| Inventory | $3.9M | $4.1M | $3.6M | $923,781 | $597,116 | $597,116 | $401,127 | $198,846 | $198,846 | $1.6M | $440,064 | $440,064 |
| Other current assets | $5.4M | $4.6M | $5.1M | $6.7M | $6.6M | $9.9M | $6.1M | $7.2M | $6.3M | $3.1M | $8.2M | $8.2M |
| Total current assets | $207.0M | $216.2M | $216.2M | $224.3M | $230.8M | $230.8M | $243.6M | $250.4M | $249.6M | $256.4M | $269.1M | $269.1M |
| Property, plant & equipment (net) | $30.9M | $33.5M | $33.5M | $31.9M | $33.3M | $33.3M | $36.4M | $39.3M | $39.3M | $39.2M | $42.4M | $42.4M |
| Goodwill & intangible assets | $3.2M | $2.2M | $2.2M | $4.7M | $4.6M | $4.6M | $2.2M | $2.3M | $2.3M | $10.7M | $9.2M | $9.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $6.8M | $4.9M | $4.9M | $7.1M | $7.1M | $7.1M | $6.6M | $6.2M | $7.0M | $19.7M | $23.5M | $23.5M |
| Total assets | $247.9M | $256.8M | $256.8M | $268.0M | $275.8M | $275.8M | $288.8M | $298.2M | $298.2M | $325.9M | $344.2M | $344.2M |
| Liabilities | ||||||||||||
| Accounts payable | $375,236 | $436,119 | $436,119 | $416,879 | $286,099 | $286,099 | $150,966 | $292,570 | $292,570 | $629,685 | $1.5M | $1.5M |
| Short-term debt | $429,742 | $1.2M | — | $683,062 | $1.1M | — | $1.8M | $1.8M | — | $1.5M | $1.5M | $1.5M |
| Deferred revenue | $40,520 | $14,812 | — | $43,083 | $307,875 | — | $56,587 | $122,523 | — | $2,749 | $1.1M | $1.1M |
| Total current liabilities | $7.2M | $7.9M | $7.9M | $10.2M | $11.9M | $11.9M | $10.9M | $12.0M | $12.0M | $9.2M | $15.5M | $15.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.2M | — | $4.6M | $3.4M | — | $4.0M | $5.7M | — | $6.7M | $5.7M | — | $7.3M |
| Other long-term liabilities | $1.2M | $3.8M | $3.8M | $3.4M | $3.6M | $3.6M | $4.0M | $5.0M | $5.0M | $5.3M | $6.9M | $6.9M |
| Total liabilities | $8.4M | $11.7M | $11.7M | $13.6M | $15.4M | $15.4M | $14.8M | $16.9M | $16.9M | $14.5M | $22.4M | $22.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $24,156 | $24,156 | — | $24,156 | $24,156 | — | $24,156 | $24,156 | — | $24,156 | $24,058 | $24,058 |
| Retained earnings (deficit) | −$152.1M | −$149.2M | −$149.2M | −$139.6M | −$135.1M | −$135.1M | −$121.1M | −$114.8M | −$114.8M | −$85.9M | −$78.1M | −$78.1M |
| Accumulated other comprehensive income | −$2.7M | −$2.7M | — | −$2.9M | −$1.8M | — | −$3.4M | −$2.8M | — | −$3.3M | −$644,882 | −$644,882 |
| Minority interest | −$1.8M | — | $809,006 | $835,060 | — | $767,614 | — | — | — | — | — | — |
| Total shareholders' equity | $241.3M | $244.2M | $244.2M | $253.6M | $259.6M | $259.6M | $273.0M | $279.8M | $279.8M | $309.3M | $318.9M | $318.9M |
| Key figures | ||||||||||||
| Total debt | $1.2M | $4.6M | — | $3.4M | $4.0M | — | $5.7M | $6.7M | — | $5.7M | $7.3M | $7.3M |
| Net cash (debt) | $195.5M | $201.8M | — | $211.8M | $214.7M | — | $230.0M | $235.5M | — | $244.1M | $249.9M | $249.9M |
| Working capital | $199.7M | $208.3M | $208.3M | $214.1M | $218.9M | $218.9M | $232.7M | $238.5M | $237.6M | $247.1M | $253.6M | $253.6M |
| Tangible book value | $238.1M | $242.0M | $242.0M | $248.9M | $255.0M | $255.0M | $270.8M | $277.5M | $277.5M | $298.7M | $309.7M | $309.7M |
| Book value per share | $38.42 | $38.89 | $38.89 | $40.38 | $41.33 | $41.33 | $43.46 | $44.56 | $44.56 | $49.34 | $51.02 | $50.79 |
| Shares outstanding | 6.3M | 6.3M | 6.3M | 6.3M | 6.3M | 6.3M | 6.3M | 6.3M | 6.3M | 6.3M | 6.3M | 6.3M |
| Current ratio | 28.65 | 27.31 | 27.31 | 22.01 | 19.47 | 19.47 | 22.42 | 20.94 | 20.87 | 27.82 | 17.38 | 17.38 |
| Quick ratio | 27.36 | 26.22 | 26.21 | 21.26 | 18.86 | 18.59 | 21.82 | 20.32 | 20.32 | 27.30 | 16.82 | 16.82 |
| Debt / equity | 0.01 | 0.02 | — | 0.01 | 0.02 | — | 0.02 | 0.02 | — | 0.02 | 0.02 | 0.02 |
| Equity / assets | 97.3% | 95.1% | 95.1% | 94.6% | 94.1% | 94.1% | 94.5% | 93.8% | 93.8% | 94.9% | 92.7% | 92.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 24, 2026); data from EODHD.
EBON financial position
At the end of fiscal 2025 (December 31, 2025), Ebang International had total assets of $256.8 million (down 6.9% from a year earlier), total liabilities of $11.7 million and shareholders' equity of $244.2 million. It held $206.4 million in cash and short-term investments against $4.6 million of debt, a net cash position of $201.8 million. Its current ratio was 27.31. In the latest quarter (ended June 30, 2026) total assets were $247.9 million and equity $241.3 million.
Related: EBON income statement, EBON cash flow statement, EBON key metrics. See the EBON stock overview for the latest quote and news.
EBON balance sheet FAQ
What are Ebang International's total assets?
Ebang International reported total assets of $256.8 million at the end of fiscal 2025 (December 31, 2025), compared with $275.8 million a year earlier.
How much debt does Ebang International have?
Ebang International had $4.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does Ebang International have?
Ebang International held $206.4 million in cash and short-term investments at the end of fiscal 2025; with $4.6 million of debt that is net cash of $201.8 million.
What is Ebang International's book value?
Ebang International's shareholders' equity (book value) was $244.2 million at the end of fiscal 2025, or $38.89 per share.
What is Ebang International's current ratio?
Ebang International had current assets of $216.2 million and current liabilities of $7.9 million, a current ratio of 27.31 (it can cover its short-term obligations).
How much goodwill does Ebang International have?
Ebang International carried $2.2 million of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2025.