Ebang International Holdings Inc. (EBON) Income Statement
EBON 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEBON revenue and net income
Where EBON's revenue goes
2025Each bar shows an amount and its share of revenue. EBON kept −215.6% of revenue as net income.
EBON profit margins
EBON growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.4% | −41.3% | −19.2% | −8.0% |
| Gross profit | −66.8% | −70.5% | — | −26.2% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EBON quarterly EPS vs estimates
Ebang International beat the analyst EPS estimate in 0 of the last 3 quarters.
EBON income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M | $5.9M | $4.9M | $32.3M | $51.5M | $19.0M | $109.1M | $319.0M | $147.6M | $18.9M |
| Cost of revenue | $6.1M | $4.7M | $21.6M | $16.9M | $22.2M | $21.9M | $139.6M | $294.6M | $67.7M | $10.0M |
| Gross profit | $394,846 | $1.2M | −$16.7M | $15.4M | $29.2M | −$2.9M | −$30.6M | $24.4M | $79.9M | $9.0M |
| Research & development | $4.1M | $5.4M | $7.4M | $5.1M | $6.6M | $8.5M | $13.4M | $43.5M | $9.3M | $3.3M |
| Sales, general & admin | $22.7M | $30.5M | $29.0M | $42.7M | $25.8M | $22.8M | $18.9M | $51.4M | — | $4.9M |
| Total operating expenses | $23.2M | $31.6M | $36.9M | $63.4M | $27.2M | $23.7M | $8.3M | $34.9M | $14.7M | $7.4M |
| Operating income | −$22.8M | −$30.4M | −$53.6M | −$48.0M | $2.0M | −$26.6M | −$50.6M | −$3.7M | $65.2M | $1.6M |
| Interest income | $8.5M | $11.4M | $11.9M | $4.4M | $1.8M | $824,435 | $217,200 | $453,991 | — | — |
| Interest expense | — | — | $0 | $795,824 | $4,383 | $728,346 | $2.0M | $921,047 | $287,205 | $152,177 |
| Income before taxes | −$14.5M | −$20.9M | −$39.1M | −$45.8M | $2.4M | −$22.9M | −$40.7M | −$10.9M | $65.2M | $1.7M |
| Income taxes | −$320,983 | −$42,545 | −$1.0M | −$72,933 | −$378,843 | $9.3M | $400,311 | $899,586 | $8.2M | −$9,031 |
| Net income | −$14.1M | −$20.3M | −$36.8M | −$43.9M | $4.4M | −$30.7M | −$42.4M | −$12.3M | $55.9M | $1.9M |
| EBITDA | −$11.9M | −$18.3M | −$35.5M | −$16.5M | $8.7M | −$15.0M | −$29.8M | −$5.2M | $68.7M | $3.3M |
| EPS (diluted) | −$2.24 | −$3.22 | −$5.85 | −$6.99 | $0.02 | −$0.23 | $0.00 | −$0.04 | $1.03 | $0.05 |
| Gross margin | 6.0% | 20.3% | −344.0% | 47.7% | 56.8% | −15.3% | −28.0% | 7.7% | 54.2% | 47.4% |
| Operating margin | −349.3% | −517.5% | −1,104.8% | −148.4% | 3.9% | −140.2% | −46.4% | −1.2% | 44.2% | 8.3% |
| Net margin | −215.6% | −345.1% | −757.4% | −135.8% | 8.6% | −161.4% | −38.9% | −3.9% | 37.9% | 9.9% |
| Jun '26 | Mar '26 | Jun '25 | Mar '25 | Jun '24 | Mar '24 | Jun '23 | Mar '23 | Jun '22 | Mar '22 | Jun '21 | Mar '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9M | $3.0M | $3.6M | $3.8M | $2.1M | $768,839 | $4.1M | $7.3M | $25.1M | $33.2M | $18.3M | $8.0M |
| Cost of revenue | $3.2M | $1.9M | $4.2M | $2.6M | $2.0M | $18.5M | $3.1M | $6.1M | $10.8M | $9.6M | $12.7M | $9.9M |
| Gross profit | $727,411 | $1.0M | −$648,543 | $1.1M | $81,836 | −$17.7M | $992,612 | $1.2M | $14.2M | $23.6M | $5.6M | −$1.9M |
| Research & development | — | — | — | $425,946 | — | $7.4M | — | $5.1M | — | $6.6M | — | $4.7M |
| Sales, general & admin | — | — | $10.2M | $18.6M | $12.5M | $16.1M | $13.6M | $36.6M | $24.6M | $14.5M | $10.6M | $15.6M |
| Total operating expenses | $10.9M | $13.1M | $10.2M | $19.1M | $12.5M | $23.3M | $13.6M | $38.8M | $24.6M | $16.6M | $10.6M | $15.4M |
| Operating income | −$10.2M | −$12.0M | −$10.9M | −$18.0M | −$12.4M | −$41.0M | −$12.6M | −$37.6M | −$10.3M | $7.0M | −$4.9M | −$18.0M |
| Interest expense | — | — | — | — | — | — | — | $731,002 | — | $14 | $4,369 | $729.1M |
| Income before taxes | −$5.5M | −$10.0M | −$4.5M | −$14.2M | −$6.7M | −$30.7M | −$8.4M | −$34.9M | −$10.9M | $6.7M | −$4.3M | −$16.6M |
| Income taxes | — | −$290,759 | −$30,224 | −$24,617 | −$17,928 | −$1.0M | −$3,349 | −$62,250 | −$10,683 | −$308,879 | −$69,964 | $8.5M |
| Net income | −$2.9M | −$9.6M | −$4.5M | −$14.0M | −$6.2M | −$29.0M | −$7.8M | −$33.8M | −$10.1M | $8.0M | −$3.6M | −$24.5M |
| EBITDA | −$10.2M | −$10.0M | −$4.5M | −$13.4M | −$4.9M | −$35.0M | −$3.0M | −$30.1M | −$7.8M | $9.4M | −$745,001 | −$13.9M |
| EPS (diluted) | — | — | −$0.72 | −$2.23 | −$0.99 | — | — | −$5.53 | — | — | — | −$0.01 |
| Gross margin | 18.5% | 35.3% | −18.1% | 29.5% | 3.9% | −2,301.7% | 24.3% | 16.1% | 56.8% | 71.1% | 30.8% | −24.3% |
| Operating margin | −260.5% | −406.7% | −303.1% | −478.2% | −587.4% | −5,333.0% | −309.2% | −517.9% | −41.3% | 21.0% | −27.0% | −225.7% |
| Net margin | −74.0% | −324.2% | −126.0% | −373.4% | −294.6% | −3,766.0% | −191.3% | −465.2% | −40.2% | 24.2% | −19.6% | −307.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EBON's financial statements (latest annual report filed April 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EBON financial results
In fiscal year 2025 (ended December 31, 2025), Ebang International reported revenue of $6.5 million, up 11.4% from the year before. It had a net loss of $14.1 million, a net profit margin of −215.6%. Diluted earnings per share came to −$2.24. Over five years revenue grew at an average rate of −19.2% a year.
See the EBON stock overview for the latest quote and news, or the EBON chart for price history and technical indicators.
EBON income statement FAQ
What is Ebang International's annual revenue?
Ebang International reported total revenue of $6.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 11.4% from $5.9 million the previous year.
Is Ebang International profitable?
No. Ebang International reported a net loss of $14.1 million in fiscal 2025, a net profit margin of −215.6%; its operating margin was −349.3%.
What is Ebang International's gross margin?
Ebang International's gross margin was 6.0% in fiscal 2025: for every $100 of revenue, Ebang International kept $6 after the direct cost of its products and services.
How much does Ebang International spend on research and development?
Ebang International spent $4.1 million on research and development in fiscal 2025, 62.6% of revenue.
How fast is Ebang International growing?
Revenue grew −19.2% a year on average over the last five fiscal years, from $19.0 million to $6.5 million.
What are Ebang International's earnings per share?
Ebang International earned $-2.24 per diluted share in fiscal 2025, compared with $-3.22 a year earlier.
When does Ebang International's fiscal year end?
Ebang International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 24, 2026.