EZGO Technologies Ltd. (EZGO) Income Statement
EZGO FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsEZGO revenue and net income
Where EZGO's revenue goes
FY2025Each bar shows an amount and its share of revenue. EZGO kept −42.4% of revenue as net income.
EZGO profit margins
EZGO growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.4% | +5.6% | +6.1% | — |
| Gross profit | −21.3% | +82.7% | −2.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EZGO quarterly EPS vs estimates
EZGO Technologies beat the analyst EPS estimate in 0 of the last 3 quarters.
EZGO income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.5M | $18.2M | $9.2M | $17.4M | $23.4M | $15.2M | $5.2M | $3.2M |
| Cost of revenue | $19.2M | $16.5M | $8.1M | $17.2M | $23.0M | $13.7M | $2.0M | $1.7M |
| Gross profit | $1.3M | $1.7M | $1.0M | $219,039 | $382,478 | $1.5M | $3.2M | $1.5M |
| Research & development | $954,177 | $888,491 | $613,274 | $839,931 | $0 | — | — | — |
| Sales, general & admin | $2.3M | $3.1M | $3.6M | $5.8M | $4.3M | $1.4M | $932,073 | $463,834 |
| Total operating expenses | $3.3M | $4.0M | $4.2M | $6.7M | $4.3M | $1.5M | $932,073 | $463,834 |
| Operating income | −$2.0M | −$2.3M | −$3.2M | −$6.5M | −$3.9M | $71,966 | $2.2M | $1.1M |
| Interest income | $110,973 | $463,369 | $181,654 | $65,379 | — | — | — | — |
| Interest expense | $130,507 | $82,963 | $17,579 | $40,051 | $60,756 | $14,803 | $18,865 | $63,775 |
| Income before taxes | −$8.4M | −$6.6M | −$3.9M | −$6.9M | −$3.8M | $450,361 | $2.7M | $1.1M |
| Income taxes | $1.0M | −$786,369 | −$62,447 | $527,119 | −$419,405 | $116,063 | $723,384 | $286,905 |
| Net income | −$8.7M | −$7.3M | −$6.8M | −$6.5M | −$3.0M | $147,174 | $1.9M | $512,541 |
| EBITDA | −$7.6M | −$5.9M | −$3.4M | −$6.0M | −$3.3M | $550,846 | $3.6M | $1.7M |
| EPS (diluted) | — | −$1.47 | −$2.66 | −$4.41 | −$2.19 | $0.16 | $0.09 | $0.07 |
| Gross margin | 6.5% | 9.3% | 11.3% | 1.3% | 1.6% | 10.1% | 61.2% | 47.7% |
| Operating margin | −9.5% | −12.8% | −34.8% | −37.2% | −16.6% | 0.5% | 43.3% | 33.2% |
| Net margin | −42.4% | −40.0% | −74.0% | −37.2% | −12.7% | 1.0% | 37.3% | 16.1% |
| Jun '26 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4M | $13.9M | $6.6M | $3.3M | $11.4M | $6.3M | $6.8M | $4.3M | $10.8M | $5.4M | $5.2M | $2.6M |
| Cost of revenue | $6.0M | $13.3M | $5.9M | $2.9M | $10.3M | $5.8M | $6.2M | $4.0M | $9.8M | $4.9M | $5.0M | $2.5M |
| Gross profit | $381,756 | $663,342 | $671,468 | $335,734 | $1.1M | $510,742 | $608,884 | $243,901 | $957,386 | $478,694 | $182,013 | $91,006 |
| Research & development | $114,186 | $564,605 | $389,572 | $194,786 | $493,056 | $246,529 | $395,435 | $200,298 | $652,369 | $326,185 | — | — |
| Sales, general & admin | — | — | $1.3M | $658,907 | $1.2M | $730,307 | $3.1M | $1.7M | $2.6M | $1.3M | $1.3M | $1.3M |
| Total operating expenses | $3.5M | $1.6M | $1.7M | $853,692 | $1.6M | $976,836 | $2.4M | $1.9M | $3.3M | $1.7M | $2.7M | $2.6M |
| Operating income | −$3.1M | −$917,900 | −$1.0M | −$517,958 | −$560,028 | −$466,094 | −$1.8M | −$1.6M | −$2.3M | −$1.2M | −$2.5M | −$1.2M |
| Interest expense | $126,303 | $57,505 | $73,000 | — | $52,842 | — | $30,121 | — | — | $26,338 | $26,338 | — |
| Income before taxes | −$3.7M | −$7.4M | −$1.0M | −$503,370 | −$3.4M | −$2.1M | −$3.2M | −$2.4M | −$2.3M | −$1.1M | −$5.0M | −$2.5M |
| Income taxes | $38,193 | $1.0M | $21,334 | $10,667 | −$706,881 | −$39,744 | −$79,488 | $39,744 | −$21,171 | $10,586 | −$41,276 | $20,638 |
| Net income | −$3.6M | −$7.6M | −$1.1M | −$568,004 | −$3.2M | −$1.6M | −$4.1M | −$2.0M | −$2.0M | −$994,609 | −$4.8M | −$2.4M |
| EBITDA | −$2.8M | −$7.0M | −$601,391 | −$351,784 | −$3.0M | −$257,536 | −$2.9M | −$1.4M | −$1.7M | −$839,032 | −$4.5M | −$965,520 |
| EPS (diluted) | — | — | −$0.19 | −$1.22 | — | — | — | — | — | — | — | −$0.30 |
| Gross margin | 6.0% | 4.8% | 10.2% | 10.2% | 9.5% | 8.1% | 8.9% | 5.7% | 8.9% | 8.9% | 3.5% | 3.5% |
| Operating margin | −48.7% | −6.6% | −15.8% | −15.8% | −4.9% | −7.4% | −26.1% | −38.3% | −21.4% | −21.4% | −48.2% | −48.2% |
| Net margin | −56.7% | −54.3% | −17.3% | −17.3% | −28.3% | −25.7% | −59.6% | −47.3% | −18.5% | −18.5% | −92.9% | −92.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EZGO's financial statements (latest annual report filed December 30, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EZGO financial results
In fiscal year 2025 (ended September 30, 2025), EZGO Technologies reported revenue of $20.5 million, up 12.4% from the year before. It had a net loss of $8.7 million, a net profit margin of −42.4%. Over five years revenue grew at an average rate of 6.1% a year.
See the EZGO stock overview for the latest quote and news, or the EZGO chart for price history and technical indicators.
EZGO income statement FAQ
What is EZGO Technologies's annual revenue?
EZGO Technologies reported total revenue of $20.5 million for fiscal year 2025, which ended on September 30, 2025. That was up 12.4% from $18.2 million the previous year.
Is EZGO Technologies profitable?
No. EZGO Technologies reported a net loss of $8.7 million in fiscal 2025, a net profit margin of −42.4%; its operating margin was −9.5%.
What is EZGO Technologies's gross margin?
EZGO Technologies's gross margin was 6.5% in fiscal 2025: for every $100 of revenue, EZGO Technologies kept $7 after the direct cost of its products and services.
How much does EZGO Technologies spend on research and development?
EZGO Technologies spent $1.0 million on research and development in fiscal 2025, 4.7% of revenue.
How fast is EZGO Technologies growing?
Revenue grew 6.1% a year on average over the last five fiscal years, from $15.2 million to $20.5 million.
When does EZGO Technologies's fiscal year end?
EZGO Technologies's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on December 30, 2025.