Lucide Ledger

A filing-first public record from Lucide House.

Issue 003 | U.S. Pilot | US

EBON

Ebang International Holdings Inc.

Screen state: Passing Source state: Verified 20-F | 2026-04-24 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 93.8%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
216,187,992USD
Total Liabilities
11,727,102USD
NCAV
204,460,890USD
Cash
200,191,726USD
NCAV per share
32.55USD/share
Evidence
6 annual | 0 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated
12
Triggered
3
Unavailable
3
Requires inspection Negative OCF -9,045,139
Latest
-9,045,1392025-12-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 20-F 2025-12-31 · 0001213900-26-047509

Supporting observation No Material 1Y Share Increase 6,280,616
Latest
6,280,6162025-12-31
Comparison
6,280,6162024-12-31
Change
0.0%

Basis: 1Y share change > -2% and <= +1% using the same share-count source

Source periods: SEC 20-F 2025-12-31 · 0001213900-26-047509; REPORTED_FILING 20-F 2024-12-31

Supporting observation Current Ratio > 1.5 27.31
Latest
27.312025-12-31
Comparison
1.5
Change
n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 20-F 2025-12-31 · 0001213900-26-047509

3 unavailable checks — inspect missing inputs
High Debt (short-term debt + long-term debt) / ordinary equity >= 50%
Low Debt (short-term debt + long-term debt) / ordinary equity < 20%
Non-Positive Equity ordinary shareholders equity <= 0

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001213900-26-047509 2026-04-24 20-F Verified Data Vault | sec/cleaned/cik=0001799290/accession=0001213900-26-047509/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Only 0 quarterly periods available from Data Vault for this company.

quarterly periods are missing

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
20-F
USD
2024-12-31
20-F
USD
2023-12-31
20-F
USD
2022-12-31
20-F
USD
2021-12-31
20-F
USD
2020-12-31
20-F
USD
Revenue 6,536,987 5,868,771 4,855,181 29,537,224 48,323,022 9,677,278
Operating Income -25,299,509 -30,372,892 -53,639,195 -47,988,299 2,030,369 -26,646,801
Net Income -14,093,529 -20,251,051 -36,772,143 -45,757,237 2,767,821 -30,675,420
Cash From Operations -9,045,139 -17,613,879 -11,653,117 4,296,785 -14,069,753 -15,827,288
Capex -4,497,134 -223,106 -985,794 -3,803,943 -6,153,759 -10,833,436
Free Cash Flow -13,542,273 -17,836,985 -12,638,911 492,842 -20,223,512 -26,660,724
Cash And Equivalents 200,191,726 213,822,331 241,634,262 251,294,952 239,872,316 13,669,439
Accounts Receivable 1,099,081 1,586,766 946,514 3,334,727 9,872,746 7,205,113
Inventory 3,642,958 597,116 198,846 440,064 7,137,538 3,845,091
Total Current Assets 216,187,992 230,765,837 250,431,627 269,105,360 298,832,145 68,600,060
Total Assets 256,767,928 275,803,983 298,239,648 344,165,084 385,864,171 144,200,226
Total Current Liabilities 7,914,934 11,853,050 11,959,887 15,487,691 14,705,358 34,256,761
Total Liabilities 11,727,102 15,443,585 16,917,304 22,377,203 16,884,806 34,376,460
Shareholders Equity 244,231,820 259,592,784 279,843,847 321,787,881 368,979,365 103,126,406
Shares Outstanding n/a n/a n/a n/a n/a n/a
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 6,280,616 6,280,616 6,275,118 6,247,333 177,865,730 121,941,226
Weighted Avg Shares Basic 6,280,616 6,280,616 6,275,118 6,247,333 177,715,336 121,941,226
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 0 quarterly periods available from Data Vault for this company.

Metric
Revenue
Operating Income
Net Income
Cash From Operations
Capex
Free Cash Flow
Cash And Equivalents
Total Current Assets
Total Liabilities
Shares Outstanding
Shares Outstanding Diluted
Weighted Avg Shares Diluted
Weighted Avg Shares Basic
Net Share Count Change (Normalized)
Ownership Claim Change (Normalized)
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 216,187,992USD us-gaap:AssetsCurrent 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Total Liabilities 11,727,102USD us-gaap:Liabilities 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Cash 200,191,726USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Shares Outstanding 6,280,616 us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
NCAV 204,460,890USD derived 2025-12-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 32.55USD derived 2025-12-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 93.8% derived 2025-12-31 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / weighted_avg_shares_diluted

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0001799290
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001799290/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
6
Imported At
2026-08-15T12:51:54+00:00
Rendered At
2026-08-16T03:29:48+00:00

Run Audit

Mary Run
8f67c1da7de642feb640d04491409c50
Mary As Of
2026-07-25
Accession
0001213900-26-047509
CIK
0001799290
Mary Filing Date
2026-04-24
Filing Currency
USD
Internal Discount
93.8%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=8f67c1da7de642feb640d04491409c50; mary_as_of=2026-07-25; mary_filing_date=2026-04-24; mary_accession=0001213900-26-047509; mary_cik=0001799290; gnni_supporting_filing_date=2026-04-24; internal_discount=0.937919; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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