EHang Q2 rev up 44.2% YoY, gross margin at 62.6%.

• EHang's Q2 revenue up 44.2% YoY to RMB147.2 million • Gross margin maintained at 62.6% • US$23.8 million raised from ATM equity offering • EH216-S trial commercial operation launched in Guangzhou and Hefei • VT35 Series product hub established in Hefei • Technology partnerships expanded with Gotion High-Tech, Minth Group, and Tsinghua University

EHang Holdings (NASDAQ: EH), a leading Urban Air Mobility (UAM) technology company, reported robust financial results for the second quarter of 2025. The company's revenues reached RMB147.2 million (US$20.5 million), representing a 44.2% year-over-year (YoY) increase and a remarkable 464.0% quarter-over-quarter (QoQ) surge [1].

Key highlights of EHang's Q2 2025 performance include:

1. Revenue Growth: EHang's total revenues for the quarter were RMB147.2 million, up 44.2% YoY and 464.0% QoQ. This growth was driven by increased sales volume of EH216 series eVTOL aircraft, with 68 units delivered in Q2 2025 compared to 49 units in Q2 2024 and 11 units in Q1 2025 [1].

2. Gross Margin: The company maintained a high gross margin of 62.6%, consistent with previous quarters, indicating strong unit economics and pricing power despite scaling production [1].

3. Fundraising: EHang raised US$23.8 million through an ATM equity offering, further strengthening its liquidity position [1].

4. Operational Milestones: The company launched EH216-S trial commercial operations in Guangzhou and Hefei, completing over 10,000 safe flights in H1 2025. Additionally, EHang established a VT35 series product hub in Hefei with RMB500 million in government support [1].

5. Technology Partnerships: EHang expanded its technology partnerships with Gotion High-Tech for battery development, Minth Group for airframe structures, and Tsinghua University for joint research [1].

While EHang achieved strong Q2 performance, the company prudently revised its 2025 revenue guidance to approximately RMB500 million, indicating a more gradual ramp than previously anticipated. This adjustment reflects the challenges of scaling a novel air mobility business even after certification hurdles are cleared [1].

References:
[1] https://www.stocktitan.net/news/EH/e-hang-reports-second-quarter-2025-unaudited-financial-v05d57q6rb8h.html