According to a company statement issued as part of its Q4 2025 and year-end results EHang expects to officially commence EH216-S commercial operations in China in March 2026. The first two operators with Air Operator Certificate – EHang General Aviation and Heyi Aviation – are expected to launch ticketed aerial sightseeing services for the public at EHang Future City, its headquarters in Guangzhou and Luogang Park in Hefei, marking the transition from internal trial run to commercial operations.
“Over recent months of internal trial operations, EHang has refined standard operational procedures, maintenance systems, and fleet management processes to support safe and reliable operations as well as smooth user experience,” said the company. “The Civil Aviation Administration of China has recognized the safe operational records and continued to support the certified eVTOL operators to initiate public commercial operations by expanding the pool of specially authorized ground operating crew for EHang recently. In parallel, EHang is advancing with the CAAC to establish the ground crew training standard and system for EH216-S. As a trial program, this initiative represents the first-ever training framework for pilotless human-carrying eVTOL aircraft in China, laying a solid foundation for regulatory compliance and talent development ahead of large-scale commercial operations.”
The company announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025.
“Sales and deliveries of electric vertical take-off and landing (eVTOL) aircraft achieved a record-high of 100 units, including 95 units of EH216 series and five units of VT35, compared with 78 units of EH216 series in the fourth quarter of 2024, and 41 units of EH216 series and one unit of VT35 in the third quarter of 2025,” said EHang. “Total revenues were RMB243.8 million (USUSD34.9 million), up 48.4% YoY from RMB164.3 million in the fourth quarter of 2024, and up 163.6% QoQ from RMB92.5 million in the third quarter of 2025.
“Gross margin was 62.1%, a slight increase from 60.7% in the fourth quarter of 2024 and 60.8% in the third quarter of 2025. Operating loss was RMB6.6 million (USUSD0.9 million), a significant improvement from RMB56.0 million in the fourth quarter of 2024 and RMB91.7 million in the third quarter of 2025. Net income was RMB10.5 million (USUSD1.5 million), a significant turnaround from a net loss of RMB46.9 million in the fourth quarter of 2024 and RMB82.1 million in the third quarter of 2025, achieving the first quarter of GAAP profitability.”
Adjusted operating income (non-GAAP) was RMB54.3 million (USUSD7.8 million), up 99.5% from RMB27.2 million in the fourth quarter of 2024, and turnaround from adjusted operating loss of RMB29.9 million in the third quarter of 2025. Adjusted net income (non-GAAP) was RMB71.5 million (USUSD10.2 million), representing a substantial increase of 96.4% from RMB36.4 million in the fourth quarter of 2024, and a significant turnaround from adjusted net loss of RMB20.3 million in the third quarter of 2025. Cash and cash equivalents, restricted short-term deposits and short-term investments balances were RMB1.13 billion (USUSD161.5 million) as of December 31, 2025.
“For the Fiscal Year 2025 sales and deliveries of electric vertical take-off and landing aircraft achieved a record-high of 221 units, including 215 units of EH216 series and six units of VT35, compared with 216 units of EH216 series in 2024. Total revenues reached a record-high of RMB509.5 million (USUSD72.9 million), up 11.7% from RMB456.2 million in 2024.Gross margin was 62.0%, a slight increase from 61.4% in 2024. Operating loss was RMB266.3 million (USUSD38.1 million), compared with RMB254.1 million in 2024. Net loss was RMB231.0 million (USUSD33.0 million), compared with RMB230.0 million in 2024. Adjusted operating loss (non-GAAP) was RMB20.2 million (USUSD2.9 million), compared with adjusted operating income (non-GAAP) of RMB19.0 million in 2024. Adjusted net income (non-GAAP) was RMB29.4 million (USUSD4.2 million), compared with RMB43.1 million in 2024, achieving non-GAAP profitability for the second consecutive year. Cash and cash equivalents, restricted short-term deposits and short-term investments balances were RMB1.13 billion (USUSD161.5 million) as of December 31, 2025.”
For more information
https://ir.ehang.com/news-releases/news-release-details/ehang-reports-fourth-quarter-and-fiscal-year-2025-unaudited
(Image: EHang)