Air mobility tech firm EHang's Q3 revenue drops 28% on lower EH216 series sales

EHang Holdings

26/11/2025 09:28

Overview

EHang Q3 revenue declines to RMB92.5 mln, reflecting lower EH216 series sales

Net loss for Q3 widens to RMB82.1 mln from RMB48.1 mln last year

Company maintains full-year revenue guidance of RMB500 mln

Outlook

EHang maintains full-year revenue guidance of RMB500 mln

Company launches Thailand AAM Sandbox for overseas commercial operations

Result Drivers

VT35 LAUNCH - EHang unveiled the VT35, a next-generation eVTOL model for intercity air mobility, with initial deliveries started in Q3

GLOBAL EXPANSION - EHang expanded its global footprint with initiatives in Thailand, Qatar, Japan, Kazakhstan, and Rwanda

SALES DECLINE - Decreased sales volume of EH216 series products drove lower Q3 revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
RMB 92.50 mln
Q3 Adjusted Net Income
-RMB 20.30 mln
Q3 Net Income
-RMB 82.10 mln
Q3 Adjusted Operating Income
-RMB 29.90 mln
Q3 Gross Profit
RMB 56.20 mln
Q3 Operating Income
-RMB 91.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for EHang Holdings Ltd is $22.13, about 39.3% above its November 25 closing price of $13.43

The stock recently traded at 82 times the next 12-month earnings vs. a P/E of 777 three months ago

Press Release: ID:nGNX5Mqps4

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)