EHang Holdings Limited Q1 2026 Financial Results

EHang Holdings Limited announced its unaudited financial results for the first quarter ended March 31, 2026. Total revenues were RMB25.7 million, a slight decrease from RMB26.1 million in Q1 2025, but significantly lower than RMB177.6 million in Q4 2025. Gross margin remained stable at 62.5%. However, operating loss increased to RMB127.9 million from RMB89.9 million in Q1 2025, and net loss widened to RMB126.4 million from RMB78.4 million in Q1 2025. Adjusted operating loss and adjusted net loss also increased compared to the prior year quarter. The company highlighted progress in commercial operations for its EH216-S aircraft in China, upgrades to enhance operational efficiency, and advancements in the VT35 certification process. The aerial media business showed strong traction, contributing approximately 40% of total revenue. EHang maintained its annual revenue guidance of RMB600 million and announced a new share repurchase program of up to US$30 million.