Ebang International Holdings Reports H1 2025 Financial Results with 69.46% Revenue Growth, Gross Loss, and Reduced Net Loss

Ebang International Holdings reported a 69.46% increase in total net revenues for H1 2025, reaching $3.58 million. The company recorded a gross loss of $0.65 million, contrasting with a gross profit of $0.08 million in H1 2024. Net loss improved to $4.50 million from $6.65 million year-over-year, while operating expenses decreased by 18.3% to $10.21 million.

Ebang International Holdings (NASDAQ: EBON) has reported its unaudited financial results for the first half of 2025, revealing a mixed performance. The company experienced a significant 69.46% increase in total net revenues, reaching $3.58 million, compared to $2.11 million in the same period of 2024. This growth was primarily driven by revenue from renewable energy products and rental services [1].

Despite the revenue growth, Ebang recorded a gross loss of $0.65 million in H1 2025, contrasting with a gross profit of $0.08 million in the previous year. The net loss improved to $4.50 million from $6.65 million year-over-year, reflecting a narrowing of the financial gap. Operating expenses decreased by 18.3% to $10.21 million, indicating cost-saving initiatives and operational streamlining [1].

Ebang's strategic pivot into renewable energy and "Made in America" manufacturing opportunities has been a key driver of its financial transformation. The company is leveraging its expertise in chip technology and intelligent manufacturing to develop renewable energy solutions, including photovoltaic, energy storage, and smart energy applications. This strategic shift aligns with the growing global demand for renewable energy and sustainability [1].

However, the company faces challenges in profitability, with the cost of revenues surging by 108.20% to $4.23 million, outpacing revenue growth. This increase is attributed to higher renewable energy product sales and a value-added tax (VAT) impairment that was allocated to the cost of revenue. The company expects to recover this VAT in the foreseeable future, which could impact future cash flows [1].

The interest income declined from $6.04 million to $4.41 million due to lower bank interest rates, partially offsetting the operational improvements. Despite these challenges, Ebang's H1 2025 results present a mixed financial picture, with revenue growth but continued losses as it pivots towards renewable energy while maintaining its fintech operations [1].

Ebang's Chairman and CEO, Mr. Dong Hu, commented on the company's performance, highlighting the resilience of its fintech business and the strides made in renewable energy investments. He emphasized the company's commitment to establishing a vertically integrated industrial ecosystem in renewable energy and exploring "Made in America" manufacturing opportunities across multiple sectors [1].

Looking ahead, Ebang will continue to focus on its fintech and renewable energy businesses, adapting to market demands and remaining open to new opportunities. The company's strategic transformation aims to create long-term stable value returns for shareholders, leveraging its core competencies in technology and execution capabilities [1].

References:
[1] https://www.stocktitan.net/news/EBON/ebang-international-holdings-inc-reports-unaudited-financial-results-jzuu7xdvz9ib.html