{"id":954657,"date":"2026-04-24T16:18:49","date_gmt":"2026-04-24T20:18:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-reports-financial-results-for-fiscal-year-2025\/"},"modified":"2026-04-24T16:18:49","modified_gmt":"2026-04-24T20:18:49","slug":"ebang-international-reports-financial-results-for-fiscal-year-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-reports-financial-results-for-fiscal-year-2025\/","title":{"rendered":"\u00a0Ebang International Reports Financial Results for Fiscal Year 2025"},"content":{"rendered":"
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IRVING, Texas, April 24, 2026 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the \u201cCompany,\u201d \u201cwe\u201d or \u201cour\u201d), today announced its financial results for the fiscal year ended December 31, 2025.<\/p>\n

\n Operational and Financial Highlights for Fiscal Year 2025<\/strong>\n <\/p>\n

\n Total net revenues<\/strong> in the 2025 fiscal year increased by 11.4% to US$6.5 million, from US$5.9 million in the 2024 fiscal year.<\/p>\n

\n Gross profit<\/strong> in the 2025 fiscal year was US$0.4 million, compared to a gross profit of US$1.2 million in the 2024 fiscal year.<\/p>\n

\n Net loss<\/strong> in the 2025 fiscal year was US$14.2 million, compared to US$20.9 million in the 2024 fiscal year.<\/p>\n

Mr. Dong Hu, Chairman and Chief Executive Officer of the Company, commented, \u201cIn fiscal year 2025, despite a complex and volatile external environment, we adhered to our \u201cprogress amid stability\u201d approach. While maintaining stable operations across existing businesses, we continuously monitored industry trends and dynamically evaluated potential development opportunities. In response to market shifts and industrial evolution, we prudently optimized resource allocation and explored advanced manufacturing sectors through technical pathway analysis, team building, and preliminary mapping of supply chain resources, creating strategic reserves for future expansion.\u201d<\/p>\n

Mr. Hu continued: \u201cLooking ahead, we will take technological innovation and real-sector manufacturing as dual engines, and gradually develop a highly coordinated industrial ecosystem. In electrical power equipment, we will leverage internal resources and market conditions to pursue energy-efficient, intelligent products, capturing opportunities from the global green upgrade of power grids. In new materials, we will continue optimizing processes for high-performance soft magnetic materials, focusing on reducing material loss to improve power equipment energy efficiency. This will help convert material performance advantages into product competitiveness and strengthen long-term growth. We will continue to prudently advance these initiatives based on market conditions, business performance, and compliance requirements, while optimizing our business structure, resource allocation, and operational efficiency to create long-term shareholder value. We remain cautiously optimistic about our transition towards high-quality development.\u201d<\/p>\n

\n Financial Results for Fiscal Year 2025<\/strong>\n <\/p>\n

\n Total net revenues<\/strong> in the 2025 fiscal year increased by 11.4% to US$6.5 million, from US$5.9 million in the 2024 fiscal year, primarily due to the combined impact of: (1) the acquisition of the renewable energy business in November 2024, which led to the increase of renewable energy products revenue, and (2) the renting of idle office space, which has generated rental revenue during the year and promoted revenue growth. Other than the above, all other businesses have been relatively stable.<\/p>\n

\n Cost of revenues<\/strong> in the 2025 fiscal year increased by 31.3% to US$6.1 million, from US$4.7 million in the 2024 fiscal year, which is primarily due to the increase of revenue and VAT recoverable impairment of US$1.7 million, which was recognized in cost of revenue in 2025, as it is expected that VAT will not be recovered in the foreseeable future. In a market with both opportunities and risks, we constantly adjust our development strategy, allocate resources, and control costs and expenses based on changes in the market condition, in order to avoid unnecessary expenses.<\/p>\n

\n Gross profit<\/strong> in the 2025 fiscal year was US$0.4 million, compared to a gross profit of US$1.2 million in the 2024 fiscal year.<\/p>\n

\n Total operating expenses<\/strong> in the 2025 fiscal year decreased by 18.6% to US$25.7 million, from US$31.6 million in the 2024 fiscal year, primarily due to the combined impact of the decrease in selling expenses and general and administrative expenses, and increase in impairments.<\/p>\n