EHang Holdings Limited ADS (EH) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, EH scores 18 out of 100 with a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The fundamental cash engine pillar scores 2 of 20, reflecting ROIC of -27.9% and FCF yield of -16.82%. The whale 13F flow pillar scores 3 of 20 and the insider conviction pillar scores 3 of 20, with the rating describing institutional accumulation and options positioning and SEC Form 4 and Congressional PTR cluster flow respectively. The macro regime fit pillar scores 5 of 20 with beta of 1.0 and sector sensitivity noted. The forensic balance sheet pillar scores 5 of 20, citing Altman Z of 0.2, Piotroski F of 4/9, and Debt/Equity of 0.08. Taken together, the sub-scores indicate weakness across every pillar, with the cash engine and insider/institutional signals carrying the lowest weight. For a prospective investor evaluating the stock on this data, the rating frames the key tradeoff as a low-priced equity with negative cash generation and deeply negative returns on capital, where the balance sheet metrics flag forensic risk. Upside drivers are not evidenced in the rating itself; the main investor implication is that the valuation case depends on future improvement the source data does not document.

EHang Holdings Limited ADS is a NASDAQ-listed issuer classified in the Industrials sector and Aerospace industry, per the company profile. The source data does not describe its products, customers, or revenue model beyond reported revenue figures in the SEC financials. Gross margin is reported at 61.5% per the market data section. Operating margin and net margin are each reported at -60% per the market data section.

Per the SEC financials, the company reported operating and net losses in each listed period, with FY 2025 revenue of $59.8M against FY 2024 revenue of $62.5M. Per the market data, ROIC is -27.9% and the net margin is -60%. Per the Roarable RQD rating, the Altman Z-Score is 0.2 and the Piotroski F-Score is 4/9. Per the RQD rating, Debt/Equity is 0.08, and the market data shows cash of $36.7M against debt of $11.8M for FY 2025.

• What drove the swing from FY 2024 positive free cash flow of $16.3M to FY 2025 free cash flow of $-46.8M, given the source data does not explain the change?
• What is the source of the FY 2023 revenue of $16.5M and why are cash and debt not reported for that period?
• What are the company's products and customers, since the source data provides only sector classification?
• What explains the reported EPS of N/A across all periods?
• Why are P/E, EV/EBITDA, and EPS (TTM) unavailable despite reported market data?