EHang Holdings Q2 2025 Earnings Call Transcript Analysis

EHang Holdings Limited reported Q2 2025 earnings with Huazhi Hu, Founder, Chairman and CEO, Chia-Hung Yang, CFO and Director, and Wang Zhao, Chief Operating Officer, participating. The company's financial results and management's remarks were primarily in Chinese, with simultaneous interpretation available on the English line. The earnings release is available on the company's IR website.

EHang Holdings Limited (NASDAQ: EH), a leading urban air mobility (UAM) technology company, reported its Q2 2025 earnings on July 2, 2025. The company's financial results were presented by Huazhi Hu, Founder, Chairman, and CEO, Chia-Hung Yang, CFO and Director, and Wang Zhao, Chief Operating Officer. The earnings release is available on the company's investor relations website.

The company reported an earnings per share (EPS) of -$0.08, surpassing the estimated EPS of -$0.10. However, the company generated a revenue of approximately $20.54 million, falling short of the estimated $25.14 million [2]. This indicates a mixed financial performance for the second quarter of 2025.

Despite current unprofitability, investor confidence in EHang's future potential is reflected in its price-to-sales ratio of 21.83. The company's strong current ratio of 2.68 suggests it can comfortably cover its short-term liabilities with its short-term assets, indicating financial stability [2].

EHang's Q2 2025 results demonstrate significant commercial momentum following their operational certification milestone. Revenue surged to RMB147.2 million (US$20.5 million), representing a 44.2% year-over-year increase and a remarkable 464.0% quarter-over-quarter jump. This growth was driven by delivering 68 units of their EH216 series eVTOL aircraft, up from 49 units in Q2 2024 and just 11 units in Q1 2025 [3].

EHang's partnership with the Hefei government to establish a VT35 series product hub is expected to accelerate the industrialization of the VT35 series. The total investment in this partnership is estimated to be approximately RMB 1 billion, with the Hefei government providing comprehensive support valued at approximately RMB 500 million [1].

In conclusion, EHang Holdings Limited reported mixed Q2 2025 financial results, with strong revenue growth but falling short of revenue expectations. The company's financial stability and investor confidence in its future potential position it as a key player in the evolving air mobility market.

References:
[1] https://www.marketscreener.com/news/ehang-deepens-partnership-with-hefei-government-to-establish-vt35-series-long-range-evtol-product-hu-ce7c50d8de8bf52c
[2] https://site.financialmodelingprep.com/market-news/ehang-holdings-limited-q2-2025-financial-performance-analysis
[3] https://www.stocktitan.net/news/EH/e-hang-reports-second-quarter-2025-unaudited-financial-v05d57q6rb8h.html