Tearsheet

Ebang International (EBON)


Market Price (10/31/2025): $4.12 | Market Cap: $-
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Ebang International (EBON)


Market Price (10/31/2025): $4.12
Market Cap: $-
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0  Weak multi-year price returns
2Y Excs Rtn is -103%, 3Y Excs Rtn is -132%
 
0 Weak multi-year price returns
2Y Excs Rtn is -103%, 3Y Excs Rtn is -132%

Market Valuation & Key Metrics

EBON Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
EBON Return--83%-91%426%-63%-27%-98%
Peers Return25%1%-29%114%4%-8%83%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
EBON Win Rate50%42%17%42%50%44% 
Peers Win Rate37%37%15%38%48%40% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
EBON Max Drawdown--84%-92%0%-65%-45% 
Peers Max Drawdown-13%-20%-32%-2%-16%-37% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: EBON, VELO, YIBO, AAPL, DELL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique KeyEventEBONS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-99.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven13597.7%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-62.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven168.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven69 days148 days

Compare to EBON, VELO, YIBO, AAPL, DELL


In The Past

Ebang International's stock fell -99.3% during the 2022 Inflation Shock from a high on 3/17/2021. A -99.3% loss requires a 13597.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Ebang International (EBON)

Trade Ideas

Select past ideas related to EBON. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-10.5%-10.5%-10.5%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-10.5%-10.5%-10.5%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Ebang International

Financials

EBONVELOYIBOAAPLDELLMedian
NameEbang In.Velo3D Planet I.Apple Dell Tec. 
Mkt Price4.154.991.17271.40161.014.99
Mkt Cap---4,044.6109.22,076.9
Rev LTM-44-408,625101,451101,451
Op Inc LTM--64-130,2146,9136,913
FCF LTM--18-96,1844,8604,860
FCF 3Y Avg--73-100,5034,4964,496
CFO LTM--18-108,5657,4777,477
CFO 3Y Avg--69-111,5597,2157,215

Growth & Margins

EBONVELOYIBOAAPLDELLMedian
NameEbang In.Velo3D Planet I.Apple Dell Tec. 
Rev Chg LTM--4.3%-6.0%10.5%6.0%
Rev Chg 3Y Avg-11.9%-1.8%-1.3%1.8%
Rev Chg Q-31.2%-9.6%19.0%19.0%
QoQ Delta Rev Chg LTM-8.0%-2.1%4.9%4.9%
Op Mgn LTM--147.1%-31.9%6.8%6.8%
Op Mgn 3Y Avg--174.7%-30.8%6.1%6.1%
QoQ Delta Op Mgn LTM-32.5%-0.1%0.1%0.1%
CFO/Rev LTM--40.6%-26.6%7.4%7.4%
CFO/Rev 3Y Avg--106.9%-28.4%7.5%7.5%
FCF/Rev LTM--40.6%-23.5%4.8%4.8%
FCF/Rev 3Y Avg--111.2%-25.6%4.7%4.7%

Valuation

EBONVELOYIBOAAPLDELLMedian
NameEbang In.Velo3D Planet I.Apple Dell Tec. 
Mkt Cap---4,044.6109.22,076.9
P/S---9.91.15.5
P/EBIT---31.114.622.8
P/E---40.722.231.5
P/CFO---37.314.625.9
Total Yield---2.8%5.8%4.3%
Dividend Yield---0.4%1.3%0.8%
FCF Yield 3Y Avg---3.2%7.6%5.4%
D/E---0.00.30.1
Net D/E---0.00.20.1

Returns

EBONVELOYIBOAAPLDELLMedian
NameEbang In.Velo3D Planet I.Apple Dell Tec. 
1M Rtn-7.8%62.5%-13.3%6.6%14.0%6.6%
3M Rtn2.7%--24.5%30.9%21.8%12.2%
6M Rtn17.7%--0.8%27.5%76.4%22.6%
12M Rtn-36.7%--61.5%18.5%26.7%-9.1%
3Y Rtn-55.9%--79.8%346.4%79.8%
1M Excs Rtn-11.4%46.9%-14.0%4.6%6.3%4.6%
3M Excs Rtn-2.7%--31.4%24.9%17.5%7.4%
6M Excs Rtn-4.0%--22.6%5.8%54.7%0.9%
12M Excs Rtn-47.4%--77.8%-0.3%18.7%-23.9%
3Y Excs Rtn-131.9%--4.2%277.4%4.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Service revenue - Cross-border payment and foreign exchange services3300 
Service revenue - Cryptocurrency exchange services1000 
Product sale - Telecommunication products14923
Others00   
Product sale - Bitcoin mining machines and related accessories02640890
Product revenue - Solar and battery storage products and related accessories00   
Service revenue - Rental services00   
Service - Management and maintenance services  3916
Total5325119109


Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity4,694
Short Interest: % Change Since 9302025-24.3%
Average Daily Volume25,512
Days-to-Cover Short Interest1

SEC Filings

Expand for More

Report DateFiling DateFiling
630202581520256-K 6/30/2025
12312024428202520-F 12/31/2024
630202482320246-K 6/30/2024
12312023426202420-F 12/31/2023
630202382520236-K 6/30/2023
12312022428202320-F 12/31/2022
6302022111720226-K 6/30/2022
12312021429202220-F 12/31/2021
6302021100120216-K 6/30/2021
12312020430202120-F 12/31/2020
630202092520206-K 6/30/2020
123120196262020424B4 12/31/2019

Insider Activity

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Industry Resources

Technology Hardware, Storage & Peripherals Resources
The Verge
TechRadar
Tom’s Hardware
PCMag
CNET