NASDAQ : DOYU

DouYu International Holdings Limited — Financial statements

Communication Services · Internet Content & Information · China

Last price 3.65 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 110.15M

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Financial statements

DouYu International Holdings Limited (DOYU) reported revenue of 3.62B CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue3.62B3.82B4.27B5.53B7.11B9.17B
Cost of Revenue3.10B3.33B3.95B4.85B6.12B8.08B
Gross Profit522.48M489.53M323.83M684.03M990.11M1.09B
Selling, General & Admin415.45M383.21M531.27M614.63M968.83M1.38B
Research & Development103.70M109.99M165.98M251.79M342.38M441.64M
Other Operating Expenses-14.28M-8.51M199.65M-34.50M-123.72M-80.34M
Operating Expenses504.87M484.68M896.89M831.92M1.19B1.74B
Operating Income17.61M4.84M-573.06M-147.88M-197.37M-648.65M
Interest & Investment Income65.50M64.33M263.05M284.98M129.86M77.39M
Earnings From Equity Investments-59.06M-1.93M-4.00M-31.61M62.40M-15.13M
Currency Exchange Gain (Loss)-2.47M-517.29K1.23M125.89K
EBT Excluding Unusual Items21.58M66.73M-312.77M105.61M-5.12M-586.38M
Impairment of Goodwill-13.97M
Gain (Loss) on Sale of Investments-26.30M-67.31M21.90M-52.87M-80.30M-33.85M
Gain (Loss) on Sale of Assets-85.31K-85.31K-528.26K-2.19M-1.51M-12.31K
Pretax Income-4.80M-673.36K-291.40M36.59M-86.93M-620.25M
Income Tax Expense27.45M28.41M15.41M1.07M3.49M
Earnings From Continuing Operations-32.24M-29.08M-306.81M35.52M-90.41M-620.25M
Minority Interest in Earnings14.99M38.37M
Net Income-32.24M-29.08M-306.81M35.52M-75.42M-581.88M
Net Income to Common-32.24M-29.08M-306.81M35.52M-75.42M-581.88M
Shares Outstanding (Basic)30.18M30.18M30.83M31.98M31.97M32.54M
Shares Outstanding (Diluted)30.18M30.18M30.83M31.98M31.97M32.54M
EPS (Basic)-1.07-0.96-9.951.11-2.36-17.88
EPS (Diluted)-1.07-0.96-9.951.11-2.36-17.88
Free Cash Flow-52.55M-239.56M-52.84M-73.73M-592.63M
Free Cash Flow Per Share-1.74-7.77-1.65-2.31-18.21
Gross Margin14.43%12.82%7.58%12.37%13.93%11.89%
Operating Margin0.49%0.13%-13.42%-2.67%-2.78%-7.08%
Profit Margin-0.89%-0.76%-7.18%0.64%-1.06%-6.35%
Free Cash Flow Margin-1.38%-5.61%-0.96%-1.04%-6.47%
EBITDA33.66M36.41M-510.45M-51.04M-109.87M-559.92M
EBITDA Margin0.93%0.95%-11.95%-0.92%-1.55%-6.11%
D&A For EBITDA16.05M31.57M62.61M96.84M87.49M88.73M
EBIT17.61M4.84M-573.06M-147.88M-197.37M-648.65M
EBIT Margin0.49%0.13%-13.42%-2.67%-2.78%-7.08%
Effective Tax Rate2.92%

Balance sheet

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents2.15B1.76B1.02B4.44B4.04B4.46B
Short-Term Investments156.49M502.50M3.07B1.72B2.51B2.08B
Cash & Short-Term Investments2.30B2.26B4.09B6.16B6.55B6.53B
Accounts Receivable139.22M164.61M118.06M137.46M145.15M228.55M
Other Receivables146.13M196.53M271.37M277.37M222.79M
Receivables139.22M310.73M314.58M408.83M422.53M451.34M
Restricted Cash34.93K83.39K6.06M10.70M
Other Current Assets213.43M59.51M66.89M119.93M95.85M234.29M
Total Current Assets2.66B2.63B4.47B6.69B7.08B7.23B
Property, Plant & Equipment21.83M12.94M22.91M36.60M66.90M97.42M
Long-Term Investments356.82M383.68M816.81M1.07B781.91M591.42M
Goodwill13.80M12.64M
Other Intangible Assets22.85M33.58M60.92M120.69M106.72M161.54M
Other Long-Term Assets57.60M57.84M76.62M163.18M98.85M64.79M
Total Assets3.12B3.12B5.45B8.07B8.15B8.16B
Accounts Payable639.74M554.13M498.67M534.43M666.98M824.13M
Accrued Expenses243.28M175.16M173.42M184.10M224.14M347.51M
Current Portion of Leases6.67M6.70M11.46M14.77M27.48M30.42M
Current Income Taxes Payable12.97M12.47M10.80M8.35M25.48M
Current Unearned Revenue235.15M236.90M252.35M315.97M288.15M235.13M
Other Current Liabilities89.55M145.41M283.66M316.01M343.57M386.32M
Total Current Liabilities1.21B1.13B1.23B1.38B1.56B1.85B
Long-Term Leases9.26M1.31M4.22M6.70M19.57M31.28M
Long-Term Unearned Revenue6.57M18.04M
Total Liabilities1.22B1.13B1.24B1.38B1.58B1.90B
Common Stock20.00K20.36K20.36K23.34K23.34K23.04K
Additional Paid-In Capital5.36B5.36B7.51B10.67B10.67B10.62B
Retained Earnings-3.87B-3.82B-3.79B-3.49B-3.52B-3.45B
Treasury Stock-911.22M-911.22M-802.25M
Comprehensive Income & Other394.26M444.53M487.39M415.25M321.99M-112.62M
Total Common Equity1.89B1.99B4.21B6.69B6.56B6.26B
Minority Interest965.00988.00
Shareholders' Equity1.89B1.99B4.21B6.69B6.56B6.26B
Total Liabilities & Equity3.12B3.12B5.45B8.07B8.15B8.16B
Total Debt15.93M8.01M15.68M21.47M47.05M61.70M
Net Cash (Debt)2.29B2.25B4.07B6.14B6.51B6.47B
Net Cash Per Share75.8274.68132.06191.86203.49198.84
Filing Date Shares Outstanding30.18M30.18M30.18M31.64M31.98M31.75M
Total Common Shares Outstanding30.18M30.18M30.18M31.98M31.98M32.33M
Working Capital1.44B1.50B3.24B5.31B5.52B5.38B
Book Value Per Share62.7065.85139.50209.19205.16193.60
Tangible Book Value1.87B1.95B4.15B6.57B6.44B6.08B
Tangible Book Value Per Share61.9464.74137.49205.41201.39188.21
Machinery78.02M86.15M96.56M103.15M107.69M
Leasehold Improvements27.35M27.35M27.05M26.16M24.46M

Cash flow statement

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-29.08M-306.81M35.52M-75.42M-581.88M
Depreciation & Amortization31.57M62.61M96.84M87.49M88.73M
Loss (Gain) From Sale of Assets85.31K528.26K2.19M1.51M12.31K
Asset Writedown & Restructuring Costs75.42M26.72M
Loss (Gain) From Sale of Investments67.31M-20.94M52.87M78.46M33.65M
Loss (Gain) on Equity Investments1.93M4.00M31.61M-62.40M15.13M
Stock-Based Compensation66.74M132.14M
Provision & Write-off of Bad Debts-2.91M-1.94M11.81M-4.97M2.18M
Other Operating Activities11.45M13.27M24.06M25.04M7.75M
Change in Accounts Receivable-25.62M26.34M23.93M87.18M6.17M
Change in Accounts Payable54.95M-44.72M-132.44M-157.14M-161.95M
Change in Unearned Revenue-15.45M-63.62M21.25M41.54M-19.61M
Change in Other Net Operating Assets-146.49M17.02M-242.05M-155.88M-108.59M
Operating Cash Flow-52.25M-238.85M-47.69M-67.83M-586.26M
Capital Expenditures-290.88K-709.86K-5.16M-5.90M-6.37M
Sale of Property, Plant & Equipment347.15K976.06K103.16K360.94K
Sale (Purchase) of Intangibles-1.50M-12.41M-11.15M-18.27M-115.63M
Investment in Securities2.97B-1.06B420.38M-574.81M102.87M
Other Investing Activities10.00M-10.00M
Investing Cash Flow2.97B-1.07B414.18M-608.62M-19.13M
Repurchase of Common Stock-105.51M-108.97M-107.15M
Common Dividends Paid-2.15B-2.10B
Other Financing Activities-965.00
Financing Cash Flow-2.15B-2.21B-965.00-108.97M-107.15M
Foreign Exchange Rate Adjustments-24.97M48.74M94.83M365.97M-112.13M
Net Cash Flow743.80M-3.47B461.33M-419.45M-824.67M
Free Cash Flow-52.55M-239.56M-52.84M-73.73M-592.63M
Free Cash Flow Margin-1.38%-5.61%-0.96%-1.04%-6.47%
Free Cash Flow Per Share-1.74-7.77-1.65-2.31-18.21
Levered Free Cash Flow-51.91M-302.21M-186.10M-108.77M-507.23M
Unlevered Free Cash Flow-51.91M-302.21M-186.10M-108.77M-507.23M
Cash Income Tax Paid28.36M10.29M436.77K2.45M
Change in Working Capital-132.60M-64.99M-329.31M-184.30M-283.98M

Ratios

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization110.45M205.22M354.63M303.79M444.48M856.44M
Enterprise Value-226.39M-88.28M-206.62M-589.47M-513.76M-71.80M
Last Close Price3.666.804.321.772.614.93
PE Ratio60.65
Forward PE14.1439.6964.0328.0355.6455.64
PS Ratio0.210.380.610.390.430.59
PB Ratio0.400.720.610.320.470.87
P/TBV Ratio0.400.730.620.330.480.89
PEG Ratio0.150.150.150.150.15
Debt / Equity Ratio0.010.000.000.000.010.01
Debt / EBITDA Ratio0.380.17
Net Debt / Equity Ratio-1.21-1.13-0.97-0.92-0.99-1.03
Net Debt / EBITDA Ratio-67.98-61.907.98120.2059.2111.56
Net Debt / FCF Ratio42.8917.00116.1088.2410.92
Asset Turnover1.150.890.630.680.871.07
Quick Ratio2.012.273.574.774.473.78
Current Ratio2.192.333.634.864.543.91
Return on Equity (ROE)-1.65%-0.94%-5.63%0.54%-1.41%-9.37%
Return on Assets (ROA)0.35%0.07%-5.30%-1.14%-1.51%-4.75%
Return on Invested Capital (ROIC)-25.91%
Return on Capital Employed (ROCE)0.90%0.20%-13.60%-2.20%-3.00%-10.30%
Earnings Yield-4.30%-2.03%-11.85%1.65%-2.46%-10.70%
FCF Yield-7.15%-3.66%-9.25%-2.45%-2.40%-10.89%
Buyback Yield / Dilution0.03%2.12%3.58%-0.02%1.76%1.42%