Company Analysis

EZGO Technologies Ltd. (EZGO)

Nasdaq: EZGO · Motorcycles, Bicycles & Parts · Wujin District Changzhou City, CN · filing with the SEC since 2020
Grade4.1
◀ Past 3.0● Present 4.4▶ Future 4.7
3 est.

The grade of EZGO Technologies Ltd.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past3.030% of the headline
● Present4.440% of the headline
▶ Future4.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.5/10

Has it survived what it has been through?

1 warning event since 2020; the latest 2021-02-01.

weight 33% of this tense · 35th percentile among 30 sector filers · read for itself

From the record

EZGO Technologies Ltd.'s filings since 2020 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-02-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.9/10

What has it actually done, year after year?

+37% a year over 7 filed years; profitable in 3 of 7.

weight 45% of this tense · 39th percentile among 29 sector filers · read for its customers

From the record

EZGO Technologies Ltd.'s 7 filed years say what it did: revenue went from $3 million in fiscal 2018 to $21 million in fiscal 2024, up 37% a year; it rose in 3 of 6 years; the deepest fall was 57% from fiscal 2018 to fiscal 2019; net income was positive in 3 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span37.0%top 9% of its family
  • the share of years revenue rosebottom 24% of its family
  • the share of filed years with a profitbottom 29% of its family
  • the deepest fall from a revenue peak57.0%bottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.5/10

How has it treated the people who own it?

SI estimate 0.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 5th percentile among 30 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 5% of 30 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 30 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: EZGO Technologies Ltd.'s shareholder treatment is put at 0.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 5% of 30 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.4/1040% of the headline grade · 1 of 3 filed, 2 estimated

Financial health

SI estimate
5.0/10

Is it financially healthy right now?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 30 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
The newest annual statements on file are more than two years old, so the desk assumes the typical reading of its industry family, the median of 30 members with one.
What the record cannot read
The newest annual statements on file are more than two years old.
How it was reasoned
family median, 30 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: EZGO Technologies Ltd.'s financial health is put at 5.0 of 10 with a confidence of 20 of 100, because the newest annual statements on file are more than two years old, so the desk assumes the typical reading of its industry family, the median of 30 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
2.9/10

How strong is its position in its industry?

bottom 29% of 30 in its family; net margin -34.5%.

weight 33% of this tense · 29th percentile among 30 sector filers · read for its customers

From the record

EZGO Technologies Ltd.'s standing among 30 graded names in its industry family: revenue of $21 million in fiscal 2024 ranks in the bottom 16% by size; a net margin of -34.5% ranks in the bottom 28%; revenue growth of -3.4% a year over the last 3 filed years ranks in the bottom 42% (its annual reports).

What it rests on

  • revenue against the family$21.1Mbottom 16% of its family
  • net margin-34.5%bottom 28% of its family
  • three-year revenue growth-3.4%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 21 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-06-30 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 21 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-06-30 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 21 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: EZGO Technologies Ltd.'s leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-06-30 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 21 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.4/10

How much room does it have to grow?

bottom 34% of 30 in its family for room to expand.

weight 45% of this tense · 34th percentile among 30 sector filers · read for itself

From the record

EZGO Technologies Ltd.'s room to grow, from the newest filed statements (fiscal 2024): cash of $4 million against debt of $7 million leaves -3.5% of its assets as net cash, bottom 48% of its family; cash from operations less capital spending is -48.8% of revenue (bottom 22%); a gross margin of 7.1% (bottom 17%); research spending of 4.2% of revenue (top 50%) (its annual report).

What it rests on

  • cash less debt against assets-3.5%bottom 48% of its family
  • cash from operations less capital spending against revenue-48.8%bottom 22% of its family
  • gross margin7.1%bottom 17% of its family
  • research spending against revenue4.2%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.7/10

What could actually drive growth from here?

top 43% of 29 in its family for growth drivers.

weight 33% of this tense · 57th percentile among 29 sector filers · read for its customers

From the record

EZGO Technologies Ltd.'s growth drivers, from the filed years to fiscal 2024: revenue grew -3.4% a year over the last three filed years against 37% over all 7, slowing (bottom 2% of its family); the newest year grew 32.7% (top 9%); research spending grew 3.1% a year (bottom 37%); capital spending grew 442.4% a year (top 2%) (its annual reports). EZGO Technologies Ltd. reported 4 product lines in fiscal 2025: Battery Cells and Packs at $19 million (92%), Electronic Control System at $1 million (5%), Maintenance Services at $582 thousand (3%), and 1 more; 2 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-40.4 points a yearbottom 2% of its family
  • the newest year's revenue growth32.7%top 9% of its family
  • three-year growth of research spending3.1%bottom 37% of its family
  • three-year growth of capital spending442.4%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.9/10

Did its newest year beat what its own record pointed to?

top 41% of 28 in its family for expectations against reality.

weight 22% of this tense · 59th percentile among 28 sector filers · read for its shareholders

From the record

EZGO Technologies Ltd.'s newest year against its own record: revenue of $21 million in fiscal 2024 came in 61% above the $13 million its prior three years' pace pointed to (top 9% of its family); net income of $7 million against a prior three-year average of $6 million (top 48%); a net margin of -34.5% against -31.5% before (bottom 34%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace61.0%top 9% of its family
  • net income against the prior three years' average-31%top 48% of its family
  • net margin against its prior average-3.0 pointsbottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EZGO · research, not advice