NASDAQ : MOMO
Hello Group Inc. — Financial statements
Communication Services · Internet Content & Information · China
Last price 4.39 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 630.56M
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Financial statements
Hello Group Inc. (MOMO) reported revenue of 10.10B 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 | 10.10B | 10.37B | 10.56B | 12.00B | 12.70B | 14.58B |
| Cost of Revenue | 6.33B | 6.45B | 6.45B | 7.03B | 7.42B | 8.38B |
| Gross Profit | 3.77B | 3.92B | 4.12B | 4.98B | 5.28B | 6.19B |
| Selling, General & Admin | 1.84B | 1.82B | 1.84B | 1.92B | 2.67B | 3.23B |
| Research & Development | 759.88M | 779.45M | 804.42M | 884.59M | 1.01B | 1.13B |
| Other Operating Expenses | -38.38M | -37.59M | -59.00M | -130.10M | -20.63M | -175.95M |
| Operating Expenses | 2.57B | 2.57B | 2.58B | 2.67B | 3.66B | 4.18B |
| Operating Income | 1.20B | 1.35B | 1.53B | 2.31B | 1.63B | 2.01B |
| Interest Expense | -18.44M | -72.44M | -127.85M | -62.22M | -83.53M | -73.78M |
| Interest & Investment Income | 256.20M | 374.47M | 510.96M | 436.25M | 368.88M | 384.28M |
| Earnings From Equity Investments | -16.02M | -12.88M | 59.22M | -70.64M | 11.07M | -8.08M |
| Other Non Operating Income (Expenses) | -25.94M | 2.00M | ||||
| EBT Excluding Unusual Items | 1.40B | 1.64B | 1.98B | 2.61B | 1.92B | 2.31B |
| Gain (Loss) on Sale of Investments | 5.68M | 5.68M | -90.51M | -31.25M | -11.25M | -18.00M |
| Asset Writedown | -4.40B | |||||
| Other Unusual Items | 4.57M | 129.57M | ||||
| Pretax Income | 1.40B | 1.65B | 1.88B | 2.58B | 2.04B | -2.10B |
| Income Tax Expense | 283.49M | 842.87M | 845.02M | 630.02M | 562.28M | 822.56M |
| Earnings From Continuing Operations | 1.12B | 806.52M | 1.04B | 1.95B | 1.48B | -2.93B |
| Minority Interest in Earnings | -2.60M | -2.51M | 5.89M | 4.27M | 12.00M | |
| Net Income | 1.11B | 804.01M | 1.04B | 1.96B | 1.48B | -2.91B |
| Net Income to Common | 1.11B | 804.01M | 1.04B | 1.96B | 1.48B | -2.91B |
| Shares Outstanding (Basic) | 160.20M | 166.18M | 184.66M | 188.82M | 195.09M | 202.35M |
| Shares Outstanding (Diluted) | 163.11M | 169.30M | 186.80M | 200.92M | 211.91M | 202.35M |
| EPS (Basic) | 6.96 | 4.84 | 5.63 | 10.37 | 7.61 | -14.40 |
| EPS (Diluted) | 6.82 | 4.74 | 5.56 | 9.84 | 7.30 | -14.40 |
| Free Cash Flow | 1.03B | 690.59M | 1.35B | 1.70B | 1.15B | 1.46B |
| Free Cash Flow Per Share | 6.29 | 4.08 | 7.25 | 8.46 | 5.41 | 7.23 |
| Gross Margin | 37.29% | 37.82% | 38.96% | 41.47% | 41.58% | 42.48% |
| Operating Margin | 11.88% | 13.07% | 14.51% | 19.20% | 12.81% | 13.77% |
| Profit Margin | 11.04% | 7.75% | 9.84% | 16.31% | 11.68% | -19.99% |
| Free Cash Flow Margin | 10.16% | 6.66% | 12.82% | 14.17% | 9.02% | 10.04% |
| EBITDA | 1.29B | 1.44B | 1.59B | 2.38B | 1.74B | 2.27B |
| EBITDA Margin | 12.81% | 13.86% | 15.07% | 19.87% | 13.69% | 15.59% |
| D&A For EBITDA | 94.69M | 81.81M | 58.73M | 79.61M | 112.13M | 264.60M |
| EBIT | 1.20B | 1.35B | 1.53B | 2.31B | 1.63B | 2.01B |
| EBIT Margin | 11.88% | 13.07% | 14.51% | 19.20% | 12.81% | 13.77% |
| Effective Tax Rate | 20.24% | 51.10% | 44.84% | 24.40% | 27.53% |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.56B | 5.32B | 4.12B | 5.62B | 5.02B | 5.57B |
| Short-Term Investments | 1.93B | 3.24B | 2.03B | 1.27B | 5.60B | 2.86B |
| Cash & Short-Term Investments | 8.49B | 8.56B | 6.15B | 6.89B | 10.62B | 8.43B |
| Accounts Receivable | 223.51M | 246.21M | 192.32M | 201.52M | 188.71M | 205.22M |
| Other Receivables | 15.03M | 233.37M | 347.86M | 240.54M | 347.05M | 276.32M |
| Receivables | 238.54M | 514.54M | 795.58M | 442.06M | 535.76M | 481.54M |
| Prepaid Expenses | 648.25M | 55.54M | 11.20M | 17.00M | 26.17M | 42.53M |
| Restricted Cash | 20.36M | 120.61M | 4.57B | 10.15M | 97.71M | |
| Other Current Assets | 489.19M | 489.71M | 473.08M | 446.54M | 456.23M | |
| Total Current Assets | 9.40B | 9.74B | 12.01B | 7.83B | 11.72B | 9.41B |
| Property, Plant & Equipment | 1.45B | 1.54B | 1.15B | 768.61M | 288.50M | 438.60M |
| Long-Term Investments | 1.63B | 1.51B | 3.89B | 4.71B | 3.49B | 8.02B |
| Goodwill | 564.48M | 596.30M | 136.25M | |||
| Other Intangible Assets | 210.37M | 240.72M | 86.66M | 17.09M | 22.20M | 27.32M |
| Long-Term Deferred Tax Assets | 35.35M | 34.61M | 36.07M | 31.74M | 34.34M | 34.85M |
| Other Long-Term Assets | 51.62M | 117.97M | 1.08B | 2.87B | 266.00M | 179.60M |
| Total Assets | 13.34B | 13.78B | 18.38B | 16.23B | 15.83B | 18.11B |
| Accounts Payable | 574.75M | 584.56M | 615.25M | 621.00M | 626.20M | 731.22M |
| Accrued Expenses | 687.67M | 465.39M | 473.89M | 432.83M | 466.34M | 631.72M |
| Short-Term Debt | 2.37B | |||||
| Current Portion of Long-Term Debt | 1.70M | 2.12M | 1.96B | 215.62M | 2.65B | |
| Current Portion of Leases | 40.59M | 83.59M | 141.97M | 60.01M | 88.35M | 162.95M |
| Current Income Taxes Payable | 20.57M | 44.79M | 157.06M | 94.72M | 68.77M | 125.77M |
| Current Unearned Revenue | 459.11M | 468.22M | 427.70M | 442.81M | 484.77M | 539.97M |
| Other Current Liabilities | 46.41M | 431.13M | 258.55M | 225.05M | 357.65M | 324.14M |
| Total Current Liabilities | 1.83B | 2.08B | 6.40B | 2.09B | 4.74B | 2.52B |
| Long-Term Debt | 1.82M | 3.13M | 1.96B | 4.57B | ||
| Long-Term Leases | 24.06M | 39.99M | 115.11M | 52.17M | 33.28M | 103.11M |
| Long-Term Deferred Tax Liabilities | 565.75M | 532.00M | 241.91M | 24.99M | 22.01M | 213.38M |
| Other Long-Term Liabilities | 44.46M | 39.60M | 194.75M | 114.08M | 105.41M | 128.09M |
| Total Liabilities | 2.47B | 2.69B | 6.95B | 4.24B | 4.90B | 7.53B |
| Common Stock | 10.87B | 199.00K | 210.00K | 286.00K | 281.00K | 277.00K |
| Additional Paid-In Capital | 4.57B | 4.93B | 7.81B | 7.59B | 7.21B | |
| Retained Earnings | 7.10B | 6.64B | 6.32B | 5.32B | 4.68B | |
| Treasury Stock | -561.49M | -325.23M | -2.20B | -1.99B | -1.60B | |
| Comprehensive Income & Other | -234.54M | 1.05M | -126.08M | -140.25M | 149.37M | |
| Total Common Equity | 10.87B | 10.88B | 11.25B | 11.80B | 10.78B | 10.45B |
| Minority Interest | 206.34M | 187.27M | 181.84M | 153.33M | 138.96M | |
| Shareholders' Equity | 10.87B | 11.08B | 11.43B | 11.99B | 10.93B | 10.59B |
| Total Liabilities & Equity | 13.34B | 13.78B | 18.38B | 16.23B | 15.83B | 18.11B |
| Total Debt | 68.16M | 128.83M | 4.58B | 2.29B | 2.77B | 4.83B |
| Net Cash (Debt) | 8.42B | 8.43B | 1.57B | 4.61B | 7.85B | 3.60B |
| Net Cash Per Share | 51.65 | 49.78 | 8.39 | 22.92 | 37.05 | 17.79 |
| Filing Date Shares Outstanding | 143.64M | 147.75M | 160.67M | 185.08M | 188.83M | 198.36M |
| Total Common Shares Outstanding | 143.64M | 151.78M | 164.09M | 187.54M | 188.49M | 197.60M |
| Working Capital | 7.57B | 7.66B | 5.61B | 5.74B | 6.99B | 6.90B |
| Book Value Per Share | 75.70 | 71.67 | 68.53 | 62.95 | 57.18 | 52.87 |
| Tangible Book Value | 10.10B | 10.04B | 11.02B | 11.79B | 10.76B | 10.42B |
| Tangible Book Value Per Share | 70.30 | 66.16 | 67.17 | 62.85 | 57.06 | 52.73 |
| Land | 333.34M | 32.10M | ||||
| Buildings | 893.60M | 9.89M | ||||
| Machinery | 1.00B | 974.15M | 969.19M | 993.92M | 938.37M | |
| Construction In Progress | 92.39M | 760.41M | 547.38M | |||
| Leasehold Improvements | 2.29M | 149.40M | 135.98M | 135.76M | 110.17M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.11B | 804.01M | 1.04B | 1.96B | 1.48B | -2.91B |
| Depreciation & Amortization | 94.69M | 81.81M | 58.73M | 79.61M | 112.13M | 264.60M |
| Loss (Gain) From Sale of Assets | 1.17M | -465.00K | -62.00K | -518.00K | -779.00K | -14.29M |
| Asset Writedown & Restructuring Costs | 4.40B | |||||
| Loss (Gain) From Sale of Investments | 20.26M | -5.68M | 90.51M | 31.25M | 11.25M | 16.00M |
| Loss (Gain) on Equity Investments | 16.02M | 12.88M | -59.22M | 70.64M | -11.07M | 8.08M |
| Stock-Based Compensation | 145.53M | 162.75M | 192.57M | 267.10M | 401.48M | 475.77M |
| Provision & Write-off of Bad Debts | 1.29M | 6.89M | 3.62M | 11.62M | -528.00K | -263.00K |
| Other Operating Activities | 2.60M | 3.31M | 1.93M | -8.38M | -132.14M | -12.00M |
| Change in Accounts Receivable | 33.02M | -24.03M | 7.61M | -21.31M | 20.34M | -10.37M |
| Change in Accounts Payable | -35.44M | -37.79M | -3.26M | 13.71M | -115.38M | 30.48M |
| Change in Unearned Revenue | -1.17M | 17.45M | -25.65M | -42.39M | -56.39M | 35.11M |
| Change in Income Taxes | -398.94M | -112.57M | 62.34M | 25.95M | -57.00M | -110.72M |
| Change in Other Net Operating Assets | 424.31M | 37.61M | 62.79M | -110.16M | -242.69M | -784.32M |
| Operating Cash Flow | 1.49B | 1.18B | 1.64B | 2.28B | 1.23B | 1.56B |
| Capital Expenditures | -468.75M | -492.52M | -285.54M | -576.31M | -80.44M | -95.32M |
| Cash Acquisitions | -439.49M | -633.88M | -136.64M | |||
| Divestitures | -8.75M | |||||
| Investment in Securities | 1.32B | 1.34B | 127.89M | 2.99B | 3.34B | 4.30B |
| Other Investing Activities | 9.27M | -1.00M | 1.02M | 3.34M | -1.54B | -1.64B |
| Investing Cash Flow | 406.26M | 164.47M | -558.89M | 2.41B | 1.72B | 2.55B |
| Short-Term Debt Issued | 2.37B | |||||
| Long-Term Debt Issued | 2.15B | |||||
| Total Debt Issued | 2.37B | 2.15B | ||||
| Short-Term Debt Repaid | -2.37B | |||||
| Long-Term Debt Repaid | -1.96B | -215.62M | -2.68B | -2.14B | ||
| Total Debt Repaid | -2.62B | -4.33B | -215.62M | -2.68B | -2.14B | |
| Net Debt Issued (Repaid) | -2.62B | -4.33B | 2.15B | -525.94M | -2.14B | |
| Issuance of Common Stock | 4.00K | 5.00K | 18.00K | 601.00K | 163.00K | 776.00K |
| Repurchase of Common Stock | -823.22M | -749.98M | -1.20B | -212.19M | -392.37M | -862.87M |
| Common Dividends Paid | -280.56M | -346.18M | -716.30M | -958.05M | -841.00M | -852.74M |
| Other Financing Activities | -120.41M | -17.13M | -4.32M | -62.36M | -72.08M | |
| Financing Cash Flow | -3.84B | -5.44B | 236.20M | -1.70B | -3.43B | -1.79B |
| Foreign Exchange Rate Adjustments | -81.59M | -110.20M | 42.20M | 93.99M | 41.39M | -41.67M |
| Net Cash Flow | -2.02B | -4.20B | 1.36B | 3.08B | -448.43M | 2.28B |
| Free Cash Flow | 1.03B | 690.59M | 1.35B | 1.70B | 1.15B | 1.46B |
| Free Cash Flow Margin | 10.16% | 6.66% | 12.82% | 14.17% | 9.02% | 10.04% |
| Free Cash Flow Per Share | 6.29 | 4.08 | 7.25 | 8.46 | 5.41 | 7.23 |
| Levered Free Cash Flow | 4.02B | 5.30B | -3.96B | 1.15B | 923.21M | 1.66B |
| Unlevered Free Cash Flow | 4.04B | 5.34B | -3.88B | 1.19B | 975.42M | 1.70B |
| Cash Interest Paid | 102.08M | 102.08M | 99.28M | 36.83M | 56.37M | |
| Cash Income Tax Paid | 767.94M | 767.94M | 579.53M | 599.99M | 801.75M | |
| Change in Working Capital | 98.25M | 117.60M | 312.34M | -131.74M | -637.74M | -662.01M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 652.82M | 1.03B | 1.33B | 1.32B | 1.73B | 1.77B |
| Enterprise Value | -587.30M | -176.14M | 1.11B | 649.77M | 821.49M | 1.09B |
| Last Close Price | 4.39 | 6.27 | 7.01 | 5.78 | 6.84 | 6.08 |
| PE Ratio | 4.52 | 8.95 | 9.32 | 4.78 | 8.04 | |
| Forward PE | 4.43 | 7.23 | 9.29 | 4.64 | 7.98 | 6.42 |
| PS Ratio | 0.44 | 0.69 | 0.92 | 0.78 | 0.94 | 0.77 |
| PB Ratio | 0.39 | 0.65 | 0.85 | 0.78 | 1.09 | 1.06 |
| P/TBV Ratio | 0.44 | 0.72 | 0.88 | 0.79 | 1.11 | 1.08 |
| P/FCF Ratio | 4.22 | 10.42 | 7.15 | 5.50 | 10.41 | 7.67 |
| P/OCF Ratio | 2.90 | 6.08 | 5.91 | 4.11 | 9.73 | 7.21 |
| PEG Ratio | 0.70 | 0.85 | 4.59 | 0.54 | 49.10 | 9.57 |
| EV/Sales Ratio | 0.77 | 0.38 | 0.45 | 0.47 | ||
| EV/EBITDA Ratio | 5.09 | 1.93 | 3.26 | 3.05 | ||
| EV/EBIT Ratio | 5.29 | 2.00 | 3.48 | 3.45 | ||
| EV/FCF Ratio | 5.98 | 2.71 | 4.94 | 4.73 | ||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.40 | 0.19 | 0.25 | 0.46 |
| Debt / EBITDA Ratio | 0.05 | 0.08 | 2.66 | 0.92 | 1.45 | 1.96 |
| Debt / FCF Ratio | 0.07 | 0.19 | 3.38 | 1.34 | 2.41 | 3.30 |
| Net Debt / Equity Ratio | -0.78 | -0.76 | -0.14 | -0.38 | -0.72 | -0.34 |
| Net Debt / EBITDA Ratio | -6.51 | -5.87 | -0.98 | -1.93 | -4.51 | -1.58 |
| Net Debt / FCF Ratio | -8.21 | -12.20 | -1.16 | -2.71 | -6.85 | -2.46 |
| Asset Turnover | 0.68 | 0.65 | 0.61 | 0.75 | 0.75 | 0.70 |
| Quick Ratio | 4.77 | 4.34 | 1.04 | 3.50 | 2.35 | 3.54 |
| Current Ratio | 5.13 | 4.68 | 1.88 | 3.74 | 2.47 | 3.74 |
| Return on Equity (ROE) | 10.22% | 7.16% | 8.88% | 17.03% | 13.76% | -23.02% |
| Return on Assets (ROA) | 5.02% | 5.27% | 5.54% | 8.99% | 5.99% | 6.07% |
| Return on Invested Capital (ROIC) | 38.47% | 10.58% | 9.80% | 33.31% | 23.43% | 25.38% |
| Return on Capital Employed (ROCE) | 10.40% | 11.60% | 12.80% | 16.30% | 14.70% | 12.90% |
| Earnings Yield | 22.10% | 11.17% | 10.73% | 20.91% | 12.44% | -25.93% |
| FCF Yield | 23.69% | 9.60% | 13.98% | 18.17% | 9.61% | 13.03% |
| Payout Ratio | 27.87% | 43.06% | 68.90% | 48.94% | 56.66% | |
| Buyback Yield / Dilution | 7.55% | 9.37% | 7.03% | 5.19% | -4.72% | 10.48% |