EHang Holdings (NASDAQ:EH) reached a historic financial turning point in the fourth quarter of 2025, reporting its first profitable period on a GAAP basis.
The Guangzhou-based urban air mobility leader delivered a record 100 eVTOL units during the quarter, propelling total Q4 revenue to RMB243.8 million (US$34.9 million)—a 48.4% increase compared to the same period in the previous year.
For the full year 2025, EHang’s revenue reached RMB509.5 million (US$72.9 million), representing an 11.7% rise year-over-year.
The fourth-quarter net income of RMB10.5 million marks a significant structural shift for the company, which has transitioned from an early-stage developer to a commercial-scale manufacturer with positive earnings power.
The company’s balance sheet remains robust as it enters a critical operational phase.
As of December 31, 2025, EHang held RMB1.13 billion in cash and short-term investments.
This liquidity provides a substantial buffer as the firm prepares for the official commencement of commercial EH216-S operations in China, which are slated to begin in March 2026 following rigorous regulatory certifications.