EHGO on Nasdaq

EShallGo Inc.

EShallGo Inc. is an equipment rental and leasing services company based in Shanghai, Cayman Islands.1 Its shares trade on Nasdaq under the symbol EHGO.1

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Last updated Oct 21, 2026.

Overview

$14.5MRevenue, fiscal 20262
-$11.3MNet income, fiscal 20262

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  • TickerEHGO on Nasdaq1
  • IndustryServices-Equipment Rental & Leasing, NEC1
  • HeadquartersShanghai, China1
  • Incorporated inCayman Islands3
  • Business address12F Block 16, No.1000 Jinhai Road, Pudong New District, Shanghai, F4 2012063
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formOther

2021, to facilitate offshore financing, we incorporated Eshallgo Inc under the laws of the Cayman Islands as our offshore holding company.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

17.0%Gross margin2
-82.6%Operating margin2
-78.0%Net margin2
31.7%Revenue growth, 20262
-128.2%Return on equity2
0.00×Debt to equity2
-$5.8MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

PRCMember brought in 100% of the revenue EShallGo Inc. broke down this way in fiscal 2026.

  1. PRCMember$16.3M2100%up 21% from 2025
  2. United States$5.2K20%
Regions by year
Regions202420252026
PRCMember$17.0M$13.5M$16.3M
United States$0$0$5.2K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue95¢$13.8M
  • Research and development1¢$95.5K
  • Other costs4¢$531.1K
  • Income tax0¢$39.2K

Out of $14.5M in revenue.2 The company lost money this year.

Financial statements

Revenue562$14.5M in 2026−21% since 2022
0$5.0M$10.0M$15.0M$20.0M2022: $18.3M$18.3M20222023: $15.1M$15.1M2023−17%2024: $13.6M$13.6M2024−10%2025: $11.0M$11.0M2025−19%2026: $14.5M$14.5M2026+32%
Gross profit562$2.5M in 2026−68% since 2022
0$2.0M$4.0M$6.0M$8.0M2022: $7.6M$7.6M20222023: $4.7M$4.7M2023−38%2024: $4.6M$4.6M2024−3%2025: $3.1M$3.1M2025−32%2026: $2.5M$2.5M2026−20%
Operating income562-$12.0M in 2026
-$15.0M-$10.0M-$5.0M0$5.0M2022: $3.0M$3.0M20222023: $1.3M$1.3M2023−55%2024: $910.4K$910.4K2024−31%2025: -$10.1M-$10.1M20252026: -$12.0M-$12.0M2026+19%
Net income562-$11.3M in 2026
-$15.0M-$10.0M-$5.0M0$5.0M2022: $1.8M$1.8M20222023: $477.7K$477.7K2023−74%2024: $8.7K$8.7K2024−98%2025: -$10.8M-$10.8M20252026: -$11.3M-$11.3M2026+5%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
Revenue$16.3M$13.5M$17.0M
Total cost of revenue$13.8M$10.4M$12.4M
GROSS PROFIT$2.5M$3.1M$4.6M
Selling expenses$1.7M$3.4M$925.4K
General and administrative expenses$12.6M$9.8M$2.5M
Research and development expenses$95.5K$20.0K$223.1K
Total operating expenses$14.5M$13.2M$3.7M
(LOSS) INCOME FROM OPERATIONS-$12.0M-$10.1M$910.4K
Interest (expense) income, net-$54.1K-$22.5K$10.6K
Investment income$26.2K$58.4K$35.0K
Other (expenses) income, net-$121.8K-$173.9K$14.2K
Amortization of debt issuance costs-$562.3K-$230.7K$0
Gain (loss) on derivative liabilities$682.8K-$356.1K$0
Total other (expenses) income, net-$29.2K-$724.8K$59.8K
(LOSS) INCOME BEFORE INCOME TAX PROVISION-$12.0M-$10.8M$970.1K
PROVISION FOR INCOME TAXES$39.2K$113.4K$124.8K
Less: net (loss) income attributable to non-controlling interest-$735.6K-$102.3K$836.7K
NET (LOSS) INCOME ATTRIBUTABLE TO ESHALLGO INC-$11.3M-$10.8M$8.7K
Net (loss) income-$12.1M-$10.9M$845.3K
Foreign currency translation gain (loss)$747.6K-$55.4K-$824.3K
Comprehensive (loss) income-$11.3M-$11.0M$21.0K
Less: Comprehensive (loss) income attributable to non-controlling interest-$443.8K-$104.5K$538.9K
COMPREHENSIVE LOSS ATTRIBUTABLE TO ESHALLGO INC-$10.9M-$10.9M-$517.9K
(Loss) earnings per common share - basic and diluted (in Dollars per share)-$5.39-$7.82$0.01
Earnings (loss) per common share - diluted (in Dollars per share)-$5.39-$7.82$0.01
Weighted average shares - basic and diluted* (in Shares)2.1M shares1.4M shares1.3M shares
Weighted average shares - diluted (in Shares)2.1M shares1.4M shares1.3M shares

Compare EShallGo Inc. with another company

Corporate structure

EShallGo Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of EShallGo Inc.

  • EShallGo Inc. Shanghai, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What EShallGo Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.8M6 Mar 31, 2025$1.7M6 Mar 31, 2024+5.2%
Accumulated depreciation$1.8M2 Mar 31, 2026$1.4M2 Mar 31, 2025+23.2%
Property and equipment, net$399.9K2 Mar 31, 2026$385.4K2 Mar 31, 2025+3.8%
Operating-lease assets (leased space)$294.0K2 Mar 31, 2026$434.2K2 Mar 31, 2025−32.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.8M2 Mar 31, 2026$7.6M2 Mar 31, 2025−50.3%
Marketable securities, current$1.3M2 Mar 31, 2026$3.1M2 Mar 31, 2025−57.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Accumulated amortization$6.8K2 Mar 31, 2026$02 Mar 31, 2025
Finite-lived intangibles, net$75.2K2 Mar 31, 2026$02 Mar 31, 2025

Inventory

ItemLatestA year beforeChange
Inventory, total$2.1M2 Mar 31, 2026$1.8M2 Mar 31, 2025+19.1%
Finished goods$1.1M2 Mar 31, 2026$1.0M2 Mar 31, 2025+8.5%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerChun Lyu named Jan 3, 20257
  • Executive Officer, DirectorQiwei Miao named Jan 3, 20257
  • DirectorKewa Luo named Jan 3, 20257
  • DirectorWeibo Weng named Jan 3, 20257
  • DirectorWeimin Xu named Jan 3, 20257
  • DirectorXiaohui Wu named Jan 3, 20257
  • DirectorZhidan Mao named Jan 3, 20257

Filings

135 filings to the SEC since October 2021: 4 annual reports, 3 large holders, 3 private raises, 125 other. The latest 20:

  1. Oct 13, 20266-K EDGAR
  2. Sep 29, 20266-K EDGAR
  3. Aug 26, 2026SCHEDULE 13G EDGAR
  4. Aug 20, 20266-K EDGAR
  5. Aug 20, 2026424B5 EDGAR
  6. Aug 19, 20266-K EDGAR
  7. Aug 6, 20266-K EDGAR
  8. Aug 5, 2026S-8 EDGAR
  9. Aug 3, 20266-K EDGAR
  10. Aug 3, 20266-K EDGAR
  11. Jul 31, 202620-F EDGAR
  12. Jul 1, 20266-K EDGAR
  13. Jul 1, 2026424B5 EDGAR
  14. Jun 25, 20266-K EDGAR
  15. Jun 25, 2026424B5 EDGAR
  16. Jun 17, 2026F-1/A EDGAR
  17. Jun 8, 2026F-1 EDGAR
  18. May 26, 2026DRS EDGAR
  19. May 12, 20266-K EDGAR
  20. May 5, 20266-K EDGAR

The 135 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 19, 2024Raised $5 million in a private offering of debt Form D: 1 investor so far Form D

SEC filer profile

How EShallGo Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREShallGo Inc.1
  • CIK0001879754
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsMarch 311
  • Industry code (SIC)7359 Services-Equipment Rental & Leasing, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address12F Block 16, No.1000 Jinhai Road, Pudong New District, Shanghai, F4 2012061
  • Phone0118640060058001
  • Shares outstanding1,656,609 Common Class A shares; 366,000 Common Class B shares as of Mar 31, 20264
  • AuditorF, Branchburg, New Jersey PCAOB ID 7243; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 27, 20211
  • Filings135 in all: 6-K (45), UPLOAD (17), CORRESP (14), F-1/A (12), EFFECT (5), DRS/A (4), DRSLTR (4), 20-F (3)1
    All 25 form types

    424B2 (3), 424B5 (3), F-1 (3), POS AM (3), S-8 (3), SCHEDULE 13G (3), D/A (2), DRS (2), 20-F/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), F-3 (1), F-3/A (1), NT 20-F (1)

  • Latest filingsAnnual report (20-F) Jul 31, 2026

Securities registered for trading

ClassSymbolExchange
lass A ordinary shares of a par value of US$0.0016 eachEHGONasdaq

From the cover page of the 20-F filed Jul 31, 2026 (Section 12(b) of the Exchange Act).4