EHang Holdings Q1 2025 Revenue Declines Sharply but Full-Year Guidance Holds Firm
EHang Holdings Limited reported a steep 57% year-over-year revenue drop to RMB26.1 million ($3.6 million) in Q1 2025, with net losses widening to RMB78.4 million. Despite the quarterly setback, the company reaffirmed its ambitious RMB900 million fiscal year revenue target.
The EH216-S aircraft program marked a regulatory milestone with China’s first CAAC Air Operator Certificates. Gross margins showed resilience, edging up to 62.4% despite operational challenges. Nasdaq-listed EH shares traded at $16.96 at close, gaining slightly to $17.25 in after-hours activity following the earnings release.