Ebang International Holdings Inc.
EBON · Price history
Price at last available close
$1.96
−$0.02 (-1.01%) 1M
2026-10-29
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Ebang International Holdings Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Established in 2018 and based in Hangzhou, China, Ebang International Holdings Inc. operates primarily within the blockchain and telecommunications industries. The company is deeply involved in the blockchain sector, specializing in the research, design, and development of application-specific integrated circuit (ASIC) chips, which it utilizes to produce its Ebit-branded Bitcoin mining machines. These advanced mining solutions are supplied to a global market, including China, the United States, and Hong Kong.
How they make money
Ebang International Holdings Inc. operates as a diversified technology company focused on blockchain technology, fintech service platforms, and renewable energy projects. The company generates revenue through the design and sale of high-performance ASIC chips and mining machines, as well as through its cryptocurrency mining operations and financial service platforms.
Products & services
The company provides blockchain-based hardware, including ASIC mining machines, and operates cryptocurrency mining facilities. Additionally, it offers fintech services and has expanded into renewable energy projects in Australia.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Geographic revenue
Customer concentration
The company historically experiences significant customer concentration, with a limited number of customers accounting for a substantial portion of its total net revenues, as disclosed in the 2025 annual report.
Suppliers, materials & equipment
- semiconductor foundry services — The company relies on third-party semiconductor foundries for the manufacturing of its ASIC chips; the specific supplier names are not disclosed.Source
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
34
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
37
Poor
Financial Strength
45
Business Quality / Moat
39
Management
40
Growth Quality
23
Risk / Durability
23
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
No strong positive signal is being highlighted from the currently available summary data.
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for EBON
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can EBON maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can EBON fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is EBON likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for EBON to reach sustainable profitability?
- •What future growth or profitability would be needed to justify EBON's current valuation?
Essential Investment Snapshot
Wall Street Score
34
Market Cap
$12.3M
P/E Ratio
-0.4
EPS
$-4.94
52-Week High
$5.90
52-Week Low
$1.61
Beta
3.00
Shares Outstanding
6.3M
Total Revenue
$14.2M
Total Debt
$1.2M
Dividend
No current dividend
Liquidation Value / Share
$38.14
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on EBON.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive experience in blockchain technology and ASIC chip design.
- +Diversified business model including renewable energy and fintech.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Computer Hardware industry.
- −Volatility in cryptocurrency market prices and regulatory uncertainty.
- −Dependence on third-party semiconductor foundries for production.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
34
Sep 21, 2026
Change
+0.2
points
Current Score
34
Oct 1, 2026
Category Changes
EBON increased 0.2 points because overall fundamentals improved.
Projected Score
Projected Score
34
Projected Change
0.0 points
Preliminary comparable-period financial changes suggest little change. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.96
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.2M | $6.5M | $5.9M | $4.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $12.0M | $6.1M | $4.7M | $21.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $2.2M | $395K | $1.2M | -$16.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $426K | $0.00 | $0.00 | $7.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $53.3M | $23.3M | $31.6M | $30.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $53.3M | $23.2M | $31.6M | $36.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$38.1M | -$11.9M | -$18.3M | -$35.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$51.1M | -$22.8M | -$30.4M | -$53.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$34.3M | -$14.5M | -$20.9M | -$39.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$346K | -$321K | -$43K | -$1.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$31.0M | -$14.1M | -$20.3M | -$36.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-4.94 | $-2.24 | $-3.22 | $-5.86 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 6.28M | 6.28M | 6.28M | 6.28M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 6.28M | 6.28M | 6.28M | 6.28M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$3.9M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.46
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-64.1%
Cash Change
-16.2%
Margin Change
+52.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels, net income margin. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 9.5%. EPS declined 36.1%. Cash declined 16.2%. Total debt declined 64.1%. Net income margin improved by 52.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Computer HardwareRumor Mill · EBON
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial