How profitable is EHang Holdings Limited ADS (EH)?

In FY 2025 (10-K), EH converted $59.8M of revenue into a 61.5% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

Stock Ratings / Industrials / EH / financials

TATT (55) AIRO (21) EVEX (31) DPRO (45) ⌘ Pro Terminal →

EHang Holdings Limited ADS (EH) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Q: Where is EH trading relative to its 50-day, 200-day, and 52-week technical levels?

EH last traded at $3.76 (+4.74% on volume of 818,080 shares), positioning the stock -10.26% below its 50-day simple moving average ($4.19) and -52.64% below its 200-day simple moving average ($7.94). Across its 52-week range of $3.31 to $18.65, EH sits at the 2.9% percentile with a 14-day RSI of 38.0 (NEUTRAL RANGE) and an implied next-earnings move of ±10.7% ($3.36 to $4.16).

$3.76 +4.74% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $3.78

EHang Holdings Limited ADS (EH) carries a Roarable Rating of E (Strong Sell) with 17/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $272.3M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on EH Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is EH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, EHang Holdings Limited ADS (NASDAQ: EH) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 17/100 at a spot price of $3.76 (+4.74% 1D, market cap $272.3M). Pillar breakdown: Fundamental Cash Engine 3/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 5/20, FRED Macro Regime Fit 4/20, and Executive Insider Alignment 3/20. Across 486 tracked Industrials issuers, EH ranks #482 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does EH compare to TATT and AIRO in the Industrials sector?

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Within the Industrials sector (Aerospace), EH carries a Roarable E (17/100 RQD), trailing P/E of N/A, gross margin of 61.5%, and ROIC of -27.9%. By comparison, TATT (TAT Technologies Ltd.) holds a D+ grade (55/100 RQD, P/E 25.9x, ROIC 11.0%, cap $412.9M) and AIRO (AIRO Group Holdings Inc.) posts a E grade (21/100 RQD, P/E N/A, ROIC -3.1%, cap $162.8M). Among the 5-stock peer group, TATT leads on earnings multiple (25.9x) while TATT leads on capital efficiency (11.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for EH?

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Per EH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001759783), EHang Holdings Limited ADS generated $59.8M in revenue (-4.4% YoY), -$39.5M in net income, and -$46.8M in free cash flow against $284.8M in total assets and $11.8M in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $3.78 (+0.66%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 3/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (17/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-12.5% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-18.4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for EH)Realized 20D OHLCV Swing Band: ±10.7%

Deterministic 5-Pillar Attribution (17/100 Composite)

🔍 WHY EH SCORES 17/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+5/20 pts (29% of score)

Altman Z-Score 0.20 (DISTRESS RISK (<1.8)) • Piotroski F-Score 4/9

▲ #2 Bullish Driver: Cash Engine Quality+4/20 pts (24% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 61.5% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$3.82-6.8% Next Q

Q2 (-2Q)

Grade E$3.56+3.4% Next Q

Q3 (-1Q)

Grade E$3.68+2.2% Next Q

Current

Grade E$3.76-12.5% Hist 90D α

Trajectory: E (25) → E (17)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a EH Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While EH currently carries a cautious 17/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($4.19) and Max Pain ($3.95) forces dealer call-delta covering toward $19.58.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $EH• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “EH Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 18%NO 82%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How EH Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $16.5M

FY24

Rev $62.5M

FY25

Rev $59.8M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$59.8M	61.5%	-75.8%	-$39.5M	-$46.8M	-27.9%
FY 2024	$62.5M	61.4%	-55.7%	-$31.5M	$16.3M	-45%
FY 2023	$16.5M	61.5%	-80%	-$42.5M	-$12.5M	-27.9%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring EH)

✓Walkthrough of EH's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

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EH // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -62.96%▲ RESISTANCE BREAKOUT

2026-11-03O $3.67H $3.76L $3.59C $3.76VOL 1.42M

RES: $3.18SUP: $3.12SMA50: $4.19SMA200: $7.94

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

EH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 EH Butterfly Map → + Track EH →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. -4.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on EH today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for EH. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for EH today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (EH)

Industrials Rank #482 of 486 ⚔️ TATT vs EH Full Matrix →

1. Head-to-Head Industrials Peer Comparison (EH vs. TATT, AIRO, EVEX, DPRO)

Industry: Aerospace (31 Tracked Issuers)

Across 486 tracked Industrials securities in the Roarable RQD universe, EHang Holdings Limited ADS (EH) ranks #482 by composite RQD confidence (17/100, grade E) and #329 by equity capitalization ($272.3M). Within this direct 5-issuer industry benchmark cohort, TATT leads on earnings valuation at 25.9x trailing P/E, while TATT leads on capital efficiency and profitability with 11.0% ROIC and 24.8% gross margin. TATT currently holds the highest overall quantitative score in the immediate peer group at 55/100 (D+) compared with EH at 17/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
EH ACTIVE EHang Holdings Limited ADS	E	17/100	—	61.5%	-27.9%	+4.74%	$272.3M	Benchmark Subject
TATT TAT Technologies Ltd.	D+	55/100	25.9x	24.8%	11.0%	+17.64%	$412.9M	/tatt-vs-eh →
AIRO AIRO Group Holdings Inc.	E	21/100	—	59.9%	-3.1%	+0.39%	$162.8M	/airo-vs-eh →
EVEX Eve Holding Inc.	E	31/100	—	—	-35.0%	+0.67%	$519.2M	/evex-vs-eh →
DPRO Draganfly Inc.	D	45/100	—	—	—	-1.99%	$136.4M	/dpro-vs-eh →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001759783 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), EHang Holdings Limited ADS (EH) reported GAAP revenue of $59.8M (-4.4% vs. FY2024 revenue of $62.5M , and +261.4% cumulative change since FY2023) , GAAP net income of -$39.5M, operating cash flow of -$25.7M, and free cash flow of -$46.8M (-387.2% YoY). On the balance sheet, EH closed FY2025 with $284.8M in total assets against $11.8M in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 4/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$59.8M	-$39.5M	-$25.7M	-$46.8M	$284.8M	$11.8M
FY2024 (FY)	2024-12-31	$62.5M	-$31.5M	$21.6M	$16.3M	$217.1M	$2.8M
FY2023 (FY)	2023-12-31	$16.5M	-$42.5M	-$12.5M	-$12.5M	—	—

3. EH Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is EH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does EH compare to TATT and AIRO in the Industrials sector?

What are the biggest fundamental strengths and SEC risk factors for EH?

Where is EH trading relative to its 50-day, 200-day, and 52-week technical levels?

EH last traded at $3.76 (+4.74% on volume of 818,080 shares), positioning the stock -10.26% below its 50-day simple moving average ($4.19) and -52.64% below its 200-day simple moving average ($7.94). Across its 52-week range of $3.31 to $18.65, EH sits at the 2.9% percentile with a 14-day RSI of 38.0 (NEUTRAL RANGE) and an implied next-earnings move of ±10.7% ($3.36 to $4.16).

Direct Sub-Reports: EH RQD Cockpit EH 12M Forecast EH Earnings & Move EH Dividends & DRIP EH Insiders & 13F EH Whale Options EH Profit Sankey EH News & Why

ROARABLE RATING BRIEF • RQD 17/100 (E) ✓ SEC XBRL & RQD VERIFIED

EH — EHang Holdings Limited ADS: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

EHang Holdings Limited ADS (EH) earns a live Roarable RQD composite score of 17/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $3.76 (+4.74% 1D, market capitalization $272.3M).

Fundamental Cash Engine (3/20): Anchored by return on invested capital (ROIC) of -27.9%, gross margin of 61.5%, operating margin of -60.0%, and free cash flow yield of -16.82%.
Whale 13F & Options Flow (3/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (4/20) + Forensic Balance Sheet (5/20): Incorporates a 1.00x equity beta, Altman Z-Score of 0.20, Piotroski F-Score of 4/9, and Debt/Equity of 0.08x.

2. Business Model, Unit Margins & SEC Financial Trajectory

EHang Holdings Limited ADS is a NASDAQ-listed issuer classified in the Industrials sector and Aerospace industry. Gross margin is reported at 61.5% per the market data section. Operating margin and net margin are each reported at -60% per the market data section.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), EHang Holdings Limited ADS (EH) reported $59.8M in annual revenue (up from $62.5M in FY2024, -4.4% YoY) and -$39.5M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($16.5M revenue, -$42.5M net income) through FY2025, EH scaled operating cash flow to -$25.7M and free cash flow to -$46.8M, backed by $284.8M in total assets against $11.8M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (E • RQD 17/100): Established market leader in Industrials with deep daily trading liquidity. Free cash flow yield of -16.82% and institutional whale pillar of 3/20. With Fundamental Cash Engine at 3/20 and Institutional Whale Flow at 3/20, sustained execution supports upside toward the upper end of the $3.31 – $18.65 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -60.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Aerospace (Industrials), EH carries a macro regime beta of 1.00 and gross margin of 61.5%.

Key Question #1: Can EH sustain or expand its -60.0% operating margin and -27.9% ROIC against Aerospace peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $59.8M and free cash flow of -$46.8M, how will capital allocation balance growth reinvestment against $11.8M in total debt?
Key Question #3: How sensitive is EH's equity valuation to Industrials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

EH Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for EHang Holdings Limited ADS (EH) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to EH Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo • 4d ago

EHang Establishes Overseas Regional Hub in Thailand to Support International eVTOL Deployment Across Southeast Asia and Other Emerging Markets

GUANGZHOU, China, Oct. 30, 2026 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Advanced Air Mobility (“AAM”) technology platform company, today announced the estab

Read Full Source ↗

🔴 RISK WATCH Yahoo • 6d ago

Archer Aviation Is Still Down 43% in 2026: Did ACHR Stock Just Find a Bottom?

Archer Aviation is bouncing hard while rivals Joby and EHang sink deeper into 2026 losses, but a pending acquisition, widening net losses, and an unfinished FAA certification process all pull in different directions. Whe

Read Full Source ↗

🔴 RISK WATCH Yahoo • 10d ago

Joby Just Dropped 27% in a Month: Did JOBY Stock Just Find a Bottom?

Electric air taxi stocks have cratered as a group, but one muted session for Joby hints the relentless selling may be shifting. Whether that signals a genuine floor or just a pause before another leg lower depends on a s

Read Full Source ↗

🟡 MARKET WIRE Yahoo • 13d ago

EHang and CAAM Announce Sandbox Cooperation on Advanced Air Mobility in Malaysia, Deepening Its Presence in Southeast Asia's Low-Altitude Economy

KUALA LUMPUR, Malaysia, Oct. 21, 2026 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (Nasdaq: EH), the world's leading Advanced Air Mobility ("AAM") technology platform company, today announced a s

Read Full Source ↗

🟡 MARKET WIRE Benzinga • 13d ago

EHang Holdings Partners With Malaysia's Civil Aviation Authority To Examine Safety, Technical And Regulatory Considerations Regarding Its Proposed Advanced Air Mobility Within Malaysia

EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading Advanced Air Mobility ("AAM") technology platform company, today announced a sandbox cooperation with the

Read Full Source ↗

🟢 CATALYST Yahoo • 14d ago

EHang's 160% Call Options Surge: What Are Traders Seeing?

EHang shares show a 160% jump in unusual call options activity, high short interest, and a 19.5-day cover ratio as the company pushes international expansion in Vietnam and Hong Kong.

Read Full Source ↗

🟢 CATALYST Yahoo • 21d ago

Can Draganfly Turn Medical Drone Delivery Into a Growth Opportunity?

DPRO is exploring medical drone delivery with Mass General Brigham and emergency-response initiatives, while trading at a discount to the industry.

Read Full Source ↗

🔴 RISK WATCH Yahoo • 21d ago

Joby Could Be Worth Far More If One Piece of the Puzzle Falls Into Place

Joby Aviation has already beaten revenue estimates, started flights in Texas, and locked in a manufacturing deal with Toyota, yet the stock sits at its 52-week low. One regulatory decision separates a potential doubling

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

EH Bull vs. Bear Conversation Board — What's Your Call at $3.76?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON EH 🐻 33% BEARISH CONVICTION

TA TapeReader_Pro RQD DEBATE OPENER • Price Action & Volume Trader 🐂 BULLISH 🎯 Target: $4.31 (+20.1%)

📌 Pinned Debate

Cash of $36.7M and debt of $11.8M for FY 2025 indicate a net cash position in the reported balance sheet.

Long EH at $3.59 targeting $4.31. Cash of $36.7M and debt of $11.8M for FY 2025 indicate a net cash position in the reported balance sheet.. Institutional whale score is 3/20 and the risk/reward vs. the $3.31 52-week low is skewed heavily in favor of bulls.

SectorRotator 🐂 BULL

@CreditSpread_Watch Fair point on current EV/EBITDA multiples, but you're ignoring the forward operating leverage in Aerospace. If gross margin (61.5%) holds, EPS grows into the multiple faster than bears think.

CR CreditSpread_Watch RQD DEBATE OPENER • Balance Sheet Analyst 🐻 BEARISH 🎯 Target: $2.91 (-18.9%)

Spot @ $3.59

ROIC of -27.9% with FCF yield of -16.82% and Altman Z of 0.2 signal weak cash generation and forensic balance sheet risk.

I respect the product at EHang Holdings Limited ADS, but the stock at $3.59 is a different story. ROIC of -27.9% with FCF yield of -16.82% and Altman Z of 0.2 signal weak cash generation and forensic balance sheet risk.. FCF yield is -16.82% and RQD sits at 17/100 (E) — why pay up here when you can wait for next quarter's numbers?