NASDAQ$EH
EHang Holdings Ltd-ADR · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
EHang amends 2025 interim results after revenue recognition errors, cutting Q4 revenue 27% to RMB 178M
EHang Holdings filed a Form 6-K/A to correct revenue recognition errors discovered while preparing its 2025 Form 20-F, superseding prior August, November and March 6-K disclosures. The amendment restates unaudited results for Q2, Q3 and Q4 2025 and the full year ended December 31, 2025. Corrected Q4 revenue fell to RMB 177.6 million from RMB 243.8 million previously reported, while Q4 net loss narrowed slightly to RMB 20.9 million versus RMB 10.5 million as previously stated before tax adjustments. Full-year 2025 corrected revenue was RMB 418.0 million versus RMB 509.5 million previously, and the corrected net loss was RMB 276.4 million. The company said certain customer orders did not meet ASC 606 collectibility criteria, triggering reversals of revenue, accounts receivable, cost of revenue and related tax balances.
- Corrected Q4 2025 revenue was RMB 177.6 million, down RMB 66.1 million from the previously reported RMB 243.8 million.
- Corrected Q4 2025 net loss was RMB 20.9 million with basic ADS loss of RMB 0.28 per ADS.
- Full-year 2025 corrected revenue totaled RMB 418.0 million with a net loss of RMB 276.4 million and basic ADS loss of RMB 3.76.
- Restatement stemmed from revenue recognition errors where collectibility was not probable under ASC 606, affecting receivables, contract liabilities and warranty provisions.
- Investors were told not to rely on operational and financial highlights in the prior Form 6-K filings furnished in 2025 and March 2026.
Headline financials
Revenue & EPS history
EHang · Revenue · Quarterly
¥178M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+2.0%
Avg return
Earnings day
+5.4%
Avg return
5 days after
+3.3%
Avg return
30 days after
52%
12 / 23 earnings
Positive
+61.3%
Q3 2022
Best reaction
-23.3%
Q1 2027
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -23.3% | -23.8% | — | |
| Q1 2026 | +0.0% | -6.2% | -20.9% | |
| Q3 2025 | +1.5% | +3.9% | -2.5% | |
| Q2 2025 | -7.5% | -11.0% | +4.5% | |
| Q1 2025 | -6.9% | -4.4% | +0.0% | |
| Q4 2024 | -3.7% | +12.5% | -35.7% | |
| Q2 2024 | +22.7% | +18.4% | -4.5% | |
| Q4 2023 | +13.9% | +36.2% | +24.1% | |
| Q3 2023 | +14.2% | +23.6% | +2.7% | |
| Q2 2023 | -15.1% | -8.1% | -11.8% | |
| Q1 2023 | -0.7% | +0.5% | +41.0% | |
| Q4 2022 | +4.7% | -0.1% | +17.3% | |
| Q3 2022 | +61.3% | +36.3% | +80.3% | |
| Q2 2022 | -8.3% | -15.1% | -24.4% | |
| Q1 2022 | +6.9% | +7.0% | +9.3% | |
| Q4 2021 | +3.1% | +1.8% | -31.7% | |
| Q3 2021 | -16.0% | -11.4% | -23.3% | |
| Q1 2021 | +2.4% | +1.3% | +1.9% | |
| Q4 2020 | -14.3% | -10.8% | -27.1% | |
| Q3 2020 | +1.6% | +67.7% | +59.4% | |
| Q2 2020 | +9.1% | +6.1% | +1.5% | |
| Q1 2020 | -1.9% | -2.8% | -7.9% | |
| Q4 2019 | +1.6% | +2.6% | +20.8% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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