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
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
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.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.62B | 3.82B | 4.27B | 5.53B | 7.11B | 9.17B |
| Cost of Revenue | 3.10B | 3.33B | 3.95B | 4.85B | 6.12B | 8.08B |
| Gross Profit | 522.48M | 489.53M | 323.83M | 684.03M | 990.11M | 1.09B |
| Selling, General & Admin | 415.45M | 383.21M | 531.27M | 614.63M | 968.83M | 1.38B |
| Research & Development | 103.70M | 109.99M | 165.98M | 251.79M | 342.38M | 441.64M |
| Other Operating Expenses | -14.28M | -8.51M | 199.65M | -34.50M | -123.72M | -80.34M |
| Operating Expenses | 504.87M | 484.68M | 896.89M | 831.92M | 1.19B | 1.74B |
| Operating Income | 17.61M | 4.84M | -573.06M | -147.88M | -197.37M | -648.65M |
| Interest & Investment Income | 65.50M | 64.33M | 263.05M | 284.98M | 129.86M | 77.39M |
| Earnings From Equity Investments | -59.06M | -1.93M | -4.00M | -31.61M | 62.40M | -15.13M |
| Currency Exchange Gain (Loss) | -2.47M | -517.29K | 1.23M | 125.89K | ||
| EBT Excluding Unusual Items | 21.58M | 66.73M | -312.77M | 105.61M | -5.12M | -586.38M |
| Impairment of Goodwill | -13.97M | |||||
| Gain (Loss) on Sale of Investments | -26.30M | -67.31M | 21.90M | -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 | -291.40M | 36.59M | -86.93M | -620.25M |
| Income Tax Expense | 27.45M | 28.41M | 15.41M | 1.07M | 3.49M | |
| Earnings From Continuing Operations | -32.24M | -29.08M | -306.81M | 35.52M | -90.41M | -620.25M |
| Minority Interest in Earnings | 14.99M | 38.37M | ||||
| Net Income | -32.24M | -29.08M | -306.81M | 35.52M | -75.42M | -581.88M |
| Net Income to Common | -32.24M | -29.08M | -306.81M | 35.52M | -75.42M | -581.88M |
| Shares Outstanding (Basic) | 30.18M | 30.18M | 30.83M | 31.98M | 31.97M | 32.54M |
| Shares Outstanding (Diluted) | 30.18M | 30.18M | 30.83M | 31.98M | 31.97M | 32.54M |
| EPS (Basic) | -1.07 | -0.96 | -9.95 | 1.11 | -2.36 | -17.88 |
| EPS (Diluted) | -1.07 | -0.96 | -9.95 | 1.11 | -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 Margin | 14.43% | 12.82% | 7.58% | 12.37% | 13.93% | 11.89% |
| Operating Margin | 0.49% | 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% | |
| EBITDA | 33.66M | 36.41M | -510.45M | -51.04M | -109.87M | -559.92M |
| EBITDA Margin | 0.93% | 0.95% | -11.95% | -0.92% | -1.55% | -6.11% |
| D&A For EBITDA | 16.05M | 31.57M | 62.61M | 96.84M | 87.49M | 88.73M |
| EBIT | 17.61M | 4.84M | -573.06M | -147.88M | -197.37M | -648.65M |
| EBIT Margin | 0.49% | 0.13% | -13.42% | -2.67% | -2.78% | -7.08% |
| Effective Tax Rate | 2.92% |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.15B | 1.76B | 1.02B | 4.44B | 4.04B | 4.46B |
| Short-Term Investments | 156.49M | 502.50M | 3.07B | 1.72B | 2.51B | 2.08B |
| Cash & Short-Term Investments | 2.30B | 2.26B | 4.09B | 6.16B | 6.55B | 6.53B |
| Accounts Receivable | 139.22M | 164.61M | 118.06M | 137.46M | 145.15M | 228.55M |
| Other Receivables | 146.13M | 196.53M | 271.37M | 277.37M | 222.79M | |
| Receivables | 139.22M | 310.73M | 314.58M | 408.83M | 422.53M | 451.34M |
| Restricted Cash | 34.93K | 83.39K | 6.06M | 10.70M | ||
| Other Current Assets | 213.43M | 59.51M | 66.89M | 119.93M | 95.85M | 234.29M |
| Total Current Assets | 2.66B | 2.63B | 4.47B | 6.69B | 7.08B | 7.23B |
| Property, Plant & Equipment | 21.83M | 12.94M | 22.91M | 36.60M | 66.90M | 97.42M |
| Long-Term Investments | 356.82M | 383.68M | 816.81M | 1.07B | 781.91M | 591.42M |
| Goodwill | 13.80M | 12.64M | ||||
| Other Intangible Assets | 22.85M | 33.58M | 60.92M | 120.69M | 106.72M | 161.54M |
| Other Long-Term Assets | 57.60M | 57.84M | 76.62M | 163.18M | 98.85M | 64.79M |
| Total Assets | 3.12B | 3.12B | 5.45B | 8.07B | 8.15B | 8.16B |
| Accounts Payable | 639.74M | 554.13M | 498.67M | 534.43M | 666.98M | 824.13M |
| Accrued Expenses | 243.28M | 175.16M | 173.42M | 184.10M | 224.14M | 347.51M |
| Current Portion of Leases | 6.67M | 6.70M | 11.46M | 14.77M | 27.48M | 30.42M |
| Current Income Taxes Payable | 12.97M | 12.47M | 10.80M | 8.35M | 25.48M | |
| Current Unearned Revenue | 235.15M | 236.90M | 252.35M | 315.97M | 288.15M | 235.13M |
| Other Current Liabilities | 89.55M | 145.41M | 283.66M | 316.01M | 343.57M | 386.32M |
| Total Current Liabilities | 1.21B | 1.13B | 1.23B | 1.38B | 1.56B | 1.85B |
| Long-Term Leases | 9.26M | 1.31M | 4.22M | 6.70M | 19.57M | 31.28M |
| Long-Term Unearned Revenue | 6.57M | 18.04M | ||||
| Total Liabilities | 1.22B | 1.13B | 1.24B | 1.38B | 1.58B | 1.90B |
| Common Stock | 20.00K | 20.36K | 20.36K | 23.34K | 23.34K | 23.04K |
| Additional Paid-In Capital | 5.36B | 5.36B | 7.51B | 10.67B | 10.67B | 10.62B |
| Retained Earnings | -3.87B | -3.82B | -3.79B | -3.49B | -3.52B | -3.45B |
| Treasury Stock | -911.22M | -911.22M | -802.25M | |||
| Comprehensive Income & Other | 394.26M | 444.53M | 487.39M | 415.25M | 321.99M | -112.62M |
| Total Common Equity | 1.89B | 1.99B | 4.21B | 6.69B | 6.56B | 6.26B |
| Minority Interest | 965.00 | 988.00 | ||||
| Shareholders' Equity | 1.89B | 1.99B | 4.21B | 6.69B | 6.56B | 6.26B |
| Total Liabilities & Equity | 3.12B | 3.12B | 5.45B | 8.07B | 8.15B | 8.16B |
| Total Debt | 15.93M | 8.01M | 15.68M | 21.47M | 47.05M | 61.70M |
| Net Cash (Debt) | 2.29B | 2.25B | 4.07B | 6.14B | 6.51B | 6.47B |
| Net Cash Per Share | 75.82 | 74.68 | 132.06 | 191.86 | 203.49 | 198.84 |
| Filing Date Shares Outstanding | 30.18M | 30.18M | 30.18M | 31.64M | 31.98M | 31.75M |
| Total Common Shares Outstanding | 30.18M | 30.18M | 30.18M | 31.98M | 31.98M | 32.33M |
| Working Capital | 1.44B | 1.50B | 3.24B | 5.31B | 5.52B | 5.38B |
| Book Value Per Share | 62.70 | 65.85 | 139.50 | 209.19 | 205.16 | 193.60 |
| Tangible Book Value | 1.87B | 1.95B | 4.15B | 6.57B | 6.44B | 6.08B |
| Tangible Book Value Per Share | 61.94 | 64.74 | 137.49 | 205.41 | 201.39 | 188.21 |
| Machinery | 78.02M | 86.15M | 96.56M | 103.15M | 107.69M | |
| Leasehold Improvements | 27.35M | 27.35M | 27.05M | 26.16M | 24.46M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -29.08M | -306.81M | 35.52M | -75.42M | -581.88M | |
| Depreciation & Amortization | 31.57M | 62.61M | 96.84M | 87.49M | 88.73M | |
| Loss (Gain) From Sale of Assets | 85.31K | 528.26K | 2.19M | 1.51M | 12.31K | |
| Asset Writedown & Restructuring Costs | 75.42M | 26.72M | ||||
| Loss (Gain) From Sale of Investments | 67.31M | -20.94M | 52.87M | 78.46M | 33.65M | |
| Loss (Gain) on Equity Investments | 1.93M | 4.00M | 31.61M | -62.40M | 15.13M | |
| Stock-Based Compensation | 66.74M | 132.14M | ||||
| Provision & Write-off of Bad Debts | -2.91M | -1.94M | 11.81M | -4.97M | 2.18M | |
| Other Operating Activities | 11.45M | 13.27M | 24.06M | 25.04M | 7.75M | |
| Change in Accounts Receivable | -25.62M | 26.34M | 23.93M | 87.18M | 6.17M | |
| Change in Accounts Payable | 54.95M | -44.72M | -132.44M | -157.14M | -161.95M | |
| Change in Unearned Revenue | -15.45M | -63.62M | 21.25M | 41.54M | -19.61M | |
| Change in Other Net Operating Assets | -146.49M | 17.02M | -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 & Equipment | 347.15K | 976.06K | 103.16K | 360.94K | ||
| Sale (Purchase) of Intangibles | -1.50M | -12.41M | -11.15M | -18.27M | -115.63M | |
| Investment in Securities | 2.97B | -1.06B | 420.38M | -574.81M | 102.87M | |
| Other Investing Activities | 10.00M | -10.00M | ||||
| Investing Cash Flow | 2.97B | -1.07B | 414.18M | -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 | -24.97M | 48.74M | 94.83M | 365.97M | -112.13M | |
| Net Cash Flow | 743.80M | -3.47B | 461.33M | -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 Paid | 28.36M | 10.29M | 436.77K | 2.45M | ||
| Change in Working Capital | -132.60M | -64.99M | -329.31M | -184.30M | -283.98M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 110.45M | 205.22M | 354.63M | 303.79M | 444.48M | 856.44M |
| Enterprise Value | -226.39M | -88.28M | -206.62M | -589.47M | -513.76M | -71.80M |
| Last Close Price | 3.66 | 6.80 | 4.32 | 1.77 | 2.61 | 4.93 |
| PE Ratio | 60.65 | |||||
| Forward PE | 14.14 | 39.69 | 64.03 | 28.03 | 55.64 | 55.64 |
| PS Ratio | 0.21 | 0.38 | 0.61 | 0.39 | 0.43 | 0.59 |
| PB Ratio | 0.40 | 0.72 | 0.61 | 0.32 | 0.47 | 0.87 |
| P/TBV Ratio | 0.40 | 0.73 | 0.62 | 0.33 | 0.48 | 0.89 |
| PEG Ratio | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | |
| Debt / Equity Ratio | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.38 | 0.17 | ||||
| Net Debt / Equity Ratio | -1.21 | -1.13 | -0.97 | -0.92 | -0.99 | -1.03 |
| Net Debt / EBITDA Ratio | -67.98 | -61.90 | 7.98 | 120.20 | 59.21 | 11.56 |
| Net Debt / FCF Ratio | 42.89 | 17.00 | 116.10 | 88.24 | 10.92 | |
| Asset Turnover | 1.15 | 0.89 | 0.63 | 0.68 | 0.87 | 1.07 |
| Quick Ratio | 2.01 | 2.27 | 3.57 | 4.77 | 4.47 | 3.78 |
| Current Ratio | 2.19 | 2.33 | 3.63 | 4.86 | 4.54 | 3.91 |
| 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 / Dilution | 0.03% | 2.12% | 3.58% | -0.02% | 1.76% | 1.42% |