Ebang International Holdings Inc. logo

Ebang International Holdings Inc.

EBON

NASDAQTechnologyComputer Hardware

Previous close

$2.32

+$0.135 · +6.18%

Aug 21, 4:00 PM ET

EBON company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

68

Undervalued

Momentum

22

Weakening

Sentiment

57

Mixed

Risk resilience

8

Extreme Risk

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Company profile

Company website

Established in 2018 and based in Hangzhou, China, Ebang International Holdings Inc. operates primarily within the blockchain and telecommunications industries. The company is deeply involved in the blockchain sector, specializing in the research, design, and development of application-specific integrated circuit (ASIC) chips, which it utilizes to produce its Ebit-branded Bitcoin mining machines. These advanced mining solutions are supplied to a global market, including China, the United States, and Hong Kong. Complementing its hardware offerings, Ebang delivers comprehensive mining machine hosting services, enabling clients to operate and maintain their equipment remotely. The company is also in the process of developing its own proprietary cryptocurrency exchange platform. Additionally, it facilitates foreign exchange trading, digital currency transfers, and virtual currency transactions. In the telecommunications arena, Ebang manufactures a diverse array of fiber-optic communication access devices, encompassing sophisticated multiprotocol label switching (MPLS) and wavelength-division multiplexing (WDM) systems, as well as multi-service access platforms. Its product line further includes enterprise-focused convergent terminals such as Gigabit Passive Optical Network (GPON) equipment, cloud gateway solutions, industrial Internet of Things (IoT) access devices, and smart wireless access devices. While blockchain products are sold directly and through its online portal, the company's telecommunication offerings, marketed under the EBANG brand, are primarily distributed via supplier contracts.

Industry
Computer Hardware
Sector
Technology
Headquarters
US
CEO
Dong Hu
Listed since
Jun 26, 2020
Employees
197

Market position

Day range

Current $2.32

52-week range

Current $2.32

Open
$2.04
Previous close
$2.185
Volume
15.09K
1.6× average
Average volume
9.42K
Average daily volume
Market cap
15.18M USD
Beta
2.99
Market reference 1
50-day average
$2.0856
+11.24% above average
200-day average
$2.6078
-11.04% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-176.4M USD
P/E (TTM)
-1.17×
P/B (TTM)
0.06×
P/S (TTM)
2.21×
EV / EBITDA
14.78×
Earnings yield
-73.33%
Free cash flow yield
-70.46%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
25.74%
Operating margin
-323.33%
Net margin
-181.47%
Return on equity
-5.77%
Return on assets
-5.49%
Return on invested capital
-8.93%

Financial health

Debt / equity
0.01×
Current ratio
27.31×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends173%-292%-756%-1221%Gross margin, FY2021: 56.80%Gross margin, FY2022: 47.67%Gross margin, FY2023: -344.04%Gross margin, FY2024: 20.27%Gross margin, FY2025: 6.04%Operating margin, FY2021: 3.95%Operating margin, FY2022: -148.44%Operating margin, FY2023: -1104.78%Operating margin, FY2024: -517.53%Operating margin, FY2025: -349.34%Net margin, FY2021: 8.61%Net margin, FY2022: -135.76%Net margin, FY2023: -757.38%Net margin, FY2024: -345.06%Net margin, FY2025: -215.60%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 56.80%. Gross margin FY2022 47.67%. Gross margin FY2023 -344.04%. Gross margin FY2024 20.27%. Gross margin FY2025 6.04%. Operating margin FY2021 3.95%. Operating margin FY2022 -148.44%. Operating margin FY2023 -1104.78%. Operating margin FY2024 -517.53%. Operating margin FY2025 -349.34%. Net margin FY2021 8.61%. Net margin FY2022 -135.76%. Net margin FY2023 -757.38%. Net margin FY2024 -345.06%. Net margin FY2025 -215.60%.

Income trends

Revenue

6.54M USD+11.39%

Operating income

−22.84M USD+24.81%

Net income

−14.09M USD+30.41%
Income trends across reported periods61.96M USD19.92M USD−22.11M USD−64.15M USDRevenue, FY2021: 51.45M USDRevenue, FY2022: 32.33M USDRevenue, FY2023: 4.86M USDRevenue, FY2024: 5.87M USDRevenue, FY2025: 6.54M USDOperating income, FY2021: 2.03M USDOperating income, FY2022: −47.99M USDOperating income, FY2023: −53.64M USDOperating income, FY2024: −30.37M USDOperating income, FY2025: −22.84M USDNet income, FY2021: 4.43M USDNet income, FY2022: −43.89M USDNet income, FY2023: −36.77M USDNet income, FY2024: −20.25M USDNet income, FY2025: −14.09M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 51.45M USD. Revenue FY2022 32.33M USD. Revenue FY2023 4.86M USD. Revenue FY2024 5.87M USD. Revenue FY2025 6.54M USD. Operating income FY2021 2.03M USD. Operating income FY2022 −47.99M USD. Operating income FY2023 −53.64M USD. Operating income FY2024 −30.37M USD. Operating income FY2025 −22.84M USD. Net income FY2021 4.43M USD. Net income FY2022 −43.89M USD. Net income FY2023 −36.77M USD. Net income FY2024 −20.25M USD. Net income FY2025 −14.09M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.54M USD5.87M USD4.86M USD32.33M USD51.45M USD
Cost of goods sold6.14M USD4.68M USD21.56M USD16.92M USD22.23M USD
Gross profit394.85K USD1.19M USD−16.7M USD15.41M USD29.22M USD
Research and development7.4M USD5.15M USD6.56M USD
Selling, general, and administrative23.27M USD31.56M USD30.94M USD42.67M USD27.19M USD
Operating expenses23.23M USD31.56M USD36.94M USD63.4M USD27.19M USD
Interest income8.51M USD11.37M USD11.94M USD4.36M USD1.78M USD
Interest expense4.38K USD
Depreciation and amortization2.55M USD2.6M USD3.52M USD10.71M USD6.26M USD
Operating income−22.84M USD−30.37M USD−53.64M USD−47.99M USD2.03M USD
Net income−14.09M USD−20.25M USD−36.77M USD−43.89M USD4.43M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.46

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.39-2.2-4-5.8Q4 '22Q2 '23Q3 '23Q2 '24Q3 '24Q2 '25Q2 '26Q3 '26
Q4 2022, reported Nov 17, 2022: actual -1.61, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 28, 2023: actual -5.41, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual -1.25, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 26, 2024: actual -4.61, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual -0.992, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual -2.23, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 27, 2026: actual -1.53, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 24, 2026: actual -0.46, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates27M18.22M9.44M653.51KQ4 '22Q2 '23Q3 '23Q2 '24Q3 '24Q2 '25Q2 '26Q3 '26
Q4 2022, reported Nov 17, 2022: actual 25.06M USD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 28, 2023: actual 7.27M USD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 4.09M USD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 26, 2024: actual 768.84K USD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 2.11M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 3.75M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 27, 2026: actual 2.95M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 24, 2026: actual 3.92M USD, estimate —, surprise —, Comparison unavailable.

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