EBANG International’s Financial Report: Holds Over $200 Million in Cash and Cash Equivalents, Revenue Grows 11.4%
Source:
www.globenewswire.com
According to GlobeNewswire, Nasdaq-listed Ebang International released its fiscal year 2025 financial results, reporting a 11.4% year-on-year increase in total revenue to $6.5 million (up from $5.9 million in fiscal year 2024); net loss narrowed significantly to $14.2 million, compared to $20.9 million in fiscal year 2024. The company also disclosed that, following the adoption of a new accounting standard in 2025, changes in the fair value of cryptocurrency assets were classified under “other expenses.” As of December 31, 2025, its cash and cash equivalents totaled $200.2 million.