NASDAQ : YB
Yuanbao Inc. — Financial statements
Technology · Software - Application · China
Last price 11.45 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 527.62M
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Financial statements
Yuanbao Inc. (YB) reported revenue of 5.04B 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 | 5.04B | 4.37B | 3.28B | 2.05B | 850.25M | 385.44M |
| Cost of Revenue | 227.04M | 167.46M | 166.33M | 137.96M | 62.88M | 63.14M |
| Gross Profit | 4.81B | 4.21B | 3.12B | 1.91B | 787.37M | 322.31M |
| Selling, General & Admin | 2.76B | 2.50B | 2.03B | 1.60B | 725.10M | 636.30M |
| Research & Development | 413.09M | 365.11M | 231.04M | 128.53M | 78.43M | 89.61M |
| Operating Expenses | 3.18B | 2.87B | 2.26B | 1.73B | 803.54M | 725.91M |
| Operating Income | 1.64B | 1.34B | 858.61M | 175.36M | -16.16M | -403.61M |
| Interest & Investment Income | 81.48M | 67.29M | 30.73M | 20.32M | 7.52M | 3.86M |
| Currency Exchange Gain (Loss) | -6.36M | -4.25M | 320.00K | 860.00K | 3.53M | -128.00K |
| Other Non Operating Income (Expenses) | 8.49M | 9.09M | 1.75M | 8.93M | 2.48M | 18.00K |
| EBT Excluding Unusual Items | 1.72B | 1.41B | 891.41M | 205.48M | -2.64M | -399.86M |
| Other Unusual Items | 300.00K | |||||
| Pretax Income | 1.72B | 1.41B | 891.41M | 205.48M | -2.34M | -399.86M |
| Income Tax Expense | 212.62M | 101.17M | 25.57M | 291.00K | 12.00K | |
| Earnings From Continuing Operations | 1.51B | 1.31B | 865.85M | 205.19M | -2.35M | -399.86M |
| Earnings From Discontinued Operations | -2.07M | 21.10M | -41.65M | |||
| Net Income | 1.51B | 1.31B | 865.85M | 203.12M | 18.75M | -441.51M |
| Preferred Dividends & Other Adjustments | -700.79M | 429.93M | 536.06M | 454.12M | 776.43M | |
| Net Income to Common | 1.51B | 2.01B | 435.92M | -332.94M | -435.37M | -1.22B |
| Shares Outstanding (Basic) | 45.16M | 36.04M | 16.72M | 11.79M | 7.35M | 3.18M |
| Shares Outstanding (Diluted) | 48.61M | 47.65M | 45.22M | 11.79M | 7.35M | 3.18M |
| EPS (Basic) | 33.40 | 55.72 | 26.07 | -28.25 | -59.22 | -382.41 |
| EPS (Diluted) | 31.06 | 27.44 | 19.15 | -28.26 | -59.23 | -382.41 |
| Free Cash Flow | 1.48B | 1.20B | 437.33M | 85.28M | -248.14M | |
| Free Cash Flow Per Share | 30.98 | 26.63 | 37.11 | 11.60 | -77.91 | |
| Gross Margin | 95.50% | 96.17% | 94.94% | 93.25% | 92.61% | 83.62% |
| Operating Margin | 32.48% | 30.56% | 26.14% | 8.57% | -1.90% | -104.71% |
| Profit Margin | 29.92% | 45.92% | 13.27% | -16.28% | -51.20% | -315.99% |
| Free Cash Flow Margin | 33.75% | 36.66% | 21.38% | 10.03% | -64.38% | |
| EBITDA | 1.64B | 1.34B | 861.50M | 178.47M | -14.14M | -401.73M |
| EBITDA Margin | 32.56% | 30.65% | 26.23% | 8.73% | -1.66% | -104.22% |
| D&A For EBITDA | 4.01M | 3.64M | 2.90M | 3.11M | 2.03M | 1.88M |
| EBIT | 1.64B | 1.34B | 858.61M | 175.36M | -16.16M | -403.61M |
| EBIT Margin | 32.48% | 30.56% | 26.14% | 8.57% | -1.90% | -104.71% |
| Effective Tax Rate | 12.35% | 7.18% | 2.87% | 0.14% |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.15B | 860.46M | 1.90B | 863.12M | 373.56M | 528.87M |
| Short-Term Investments | 3.99B | 3.10B | 416.22M | 261.82M | 267.82M | 48.47M |
| Cash & Short-Term Investments | 5.14B | 3.96B | 2.32B | 1.12B | 641.38M | 577.34M |
| Receivables | 615.92M | 441.41M | 260.96M | 251.64M | 217.40M | 36.75M |
| Prepaid Expenses | 13.61M | 61.41M | 4.19M | 2.19M | 1.20M | |
| Restricted Cash | 23.91M | 23.52M | 15.00M | 10.79M | 10.00M | 10.00M |
| Other Current Assets | 23.75M | 16.16M | 14.56M | 18.66M | 119.60M | 91.66M |
| Total Current Assets | 5.80B | 4.46B | 2.67B | 1.41B | 990.58M | 716.95M |
| Property, Plant & Equipment | 13.60M | 22.35M | 24.23M | 34.68M | 22.97M | 6.77M |
| Long-Term Investments | 52.49M | |||||
| Other Intangible Assets | 94.26M | 64.55M | 58.05M | 58.21M | 58.12M | 57.89M |
| Long-Term Deferred Tax Assets | 58.70M | 33.34M | 6.94M | |||
| Other Long-Term Assets | 17.82M | 9.19M | 2.69M | 3.32M | 5.34M | 8.72M |
| Total Assets | 5.98B | 4.66B | 2.78B | 1.52B | 1.08B | 790.33M |
| Accounts Payable | 74.35M | 17.38M | 10.68M | 17.08M | 9.71M | 4.74M |
| Accrued Expenses | 1.35B | 535.32M | 360.76M | 283.80M | 296.35M | 37.89M |
| Current Portion of Leases | 1.62M | 7.08M | 13.45M | 12.44M | 10.04M | 2.57M |
| Current Income Taxes Payable | 118.74M | 5.77M | 1.40M | 428.00K | 156.00K | |
| Current Unearned Revenue | 62.80M | 63.54M | 117.65M | 67.48M | 46.44M | 117.05M |
| Other Current Liabilities | 389.72M | 509.64M | 436.88M | 252.93M | 109.78M | 105.50M |
| Total Current Liabilities | 1.99B | 1.14B | 940.81M | 634.15M | 472.48M | 267.75M |
| Long-Term Leases | 31.00K | 846.00K | 5.71M | 18.57M | 14.18M | 853.00K |
| Long-Term Deferred Tax Liabilities | 206.62M | 169.70M | 46.03M | 14.35M | 14.33M | 14.33M |
| Other Long-Term Liabilities | 1.47M | 1.24M | ||||
| Total Liabilities | 2.20B | 1.31B | 992.55M | 667.08M | 502.47M | 284.18M |
| Common Stock | 191.00K | 190.00K | 71.00K | 54.00K | 32.00K | 16.00K |
| Additional Paid-In Capital | 3.22B | 3.18B | 198.66M | 134.33M | 61.95M | 30.56M |
| Retained Earnings | 568.26M | 157.18M | -1.85B | -2.29B | -1.95B | -1.52B |
| Comprehensive Income & Other | -4.46M | 9.32M | 18.62M | 15.29M | 11.80M | -5.79M |
| Total Common Equity | 3.78B | 3.35B | -1.63B | -2.14B | -1.88B | -1.49B |
| Shareholders' Equity | 3.78B | 3.35B | 1.79B | 853.57M | 574.54M | 506.14M |
| Total Liabilities & Equity | 5.98B | 4.66B | 2.78B | 1.52B | 1.08B | 790.33M |
| Total Debt | 1.65M | 7.92M | 19.16M | 31.02M | 24.23M | 3.43M |
| Net Cash (Debt) | 5.13B | 3.96B | 2.30B | 1.09B | 617.15M | 573.92M |
| Net Cash Per Share | 105.63 | 83.01 | 50.90 | 92.82 | 83.95 | 180.20 |
| Filing Date Shares Outstanding | 45.22M | 46.08M | 17.83M | 13.67M | 13.67M | 3.18M |
| Total Common Shares Outstanding | 45.22M | 46.08M | 17.83M | 13.67M | 8.33M | 3.18M |
| Working Capital | 3.81B | 3.32B | 1.73B | 776.08M | 518.10M | 449.19M |
| Book Value Per Share | 83.65 | 72.62 | -91.62 | -156.40 | -225.64 | -469.08 |
| Tangible Book Value | 3.69B | 3.28B | -1.69B | -2.20B | -1.94B | -1.55B |
| Tangible Book Value Per Share | 81.56 | 71.22 | -94.87 | -160.66 | -232.62 | -487.25 |
| Machinery | 3.83M | 4.49M | ||||
| Leasehold Improvements | 1.86M | 362.00K |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.31B | 865.85M | 203.12M | 18.75M | -441.51M | |
| Depreciation & Amortization | 16.98M | 14.75M | 15.74M | 9.52M | 8.43M | |
| Other Amortization | 700.00K | 200.00K | 400.00K | |||
| Loss (Gain) From Sale of Assets | 165.00K | 117.00K | ||||
| Loss (Gain) From Sale of Investments | -45.20M | -1.54M | -288.00K | 33.00K | -468.00K | |
| Stock-Based Compensation | 74.32M | 64.02M | 37.11M | 27.07M | 17.12M | |
| Provision & Write-off of Bad Debts | -1.00M | 3.89M | 827.00K | 672.00K | 114.00K | |
| Other Operating Activities | 95.20M | 23.74M | -143.00K | -25.68M | 41.69M | |
| Change in Accounts Receivable | -179.27M | -16.17M | -20.37M | -180.85M | 47.47M | |
| Change in Accounts Payable | 6.70M | -6.40M | 7.36M | 4.98M | 1.00M | |
| Change in Unearned Revenue | -54.11M | 50.17M | 21.04M | -70.61M | 105.55M | |
| Change in Income Taxes | -8.11M | 41.90M | 2.25M | 6.75M | 502.00K | |
| Change in Other Net Operating Assets | 281.39M | 167.21M | 159.56M | 264.31M | -48.26M | |
| Operating Cash Flow | 1.50B | 1.21B | 441.97M | 87.72M | -244.99M | |
| Capital Expenditures | -19.04M | -3.34M | -4.64M | -2.44M | -3.15M | |
| Sale of Property, Plant & Equipment | 216.00K | 63.00K | 342.00K | 236.00K | ||
| Cash Acquisitions | -6.90M | -6.30M | -20.20M | |||
| Investment in Securities | -2.70B | -154.29M | 5.76M | -220.09M | -45.00M | |
| Other Investing Activities | -31.70M | 9.56M | -22.32M | |||
| Investing Cash Flow | -2.72B | -157.57M | -45.26M | -218.93M | -90.44M | |
| Short-Term Debt Issued | 96.77M | |||||
| Total Debt Issued | 96.77M | |||||
| Short-Term Debt Repaid | -96.77M | |||||
| Total Debt Repaid | -96.77M | |||||
| Issuance of Common Stock | 26.00K | 18.05M | ||||
| Other Financing Activities | 196.82M | -9.11M | ||||
| Financing Cash Flow | 196.84M | -9.11M | 18.05M | 726.37M | ||
| Foreign Exchange Rate Adjustments | -4.80M | 4.85M | 6.59M | 24.84M | -12.03M | |
| Net Cash Flow | -1.04B | 1.05B | 421.35M | -106.37M | 378.92M | |
| Free Cash Flow | 1.48B | 1.20B | 437.33M | 85.28M | -248.14M | |
| Free Cash Flow Margin | 33.75% | 36.66% | 21.38% | 10.03% | -64.38% | |
| Free Cash Flow Per Share | 30.98 | 26.63 | 37.11 | 11.60 | -77.91 | |
| Levered Free Cash Flow | 969.82M | 851.28M | 381.38M | 11.71M | ||
| Unlevered Free Cash Flow | 969.82M | 851.28M | 381.38M | 11.71M | ||
| Cash Income Tax Paid | 657.00K | 596.00K | 2.00M | 18.00K | ||
| Change in Working Capital | 46.61M | 236.71M | 169.85M | 24.58M | 106.27M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 505.04M | 933.58M | ||||
| Enterprise Value | -250.85M | 417.90M | ||||
| Last Close Price | 10.96 | 18.73 | ||||
| PE Ratio | 2.40 | 3.25 | ||||
| PS Ratio | 0.68 | 1.49 | ||||
| PB Ratio | 0.89 | 1.95 | ||||
| P/TBV Ratio | 0.93 | 1.99 | ||||
| P/FCF Ratio | 2.27 | 4.42 | ||||
| P/OCF Ratio | 4.37 | |||||
| EV/Sales Ratio | 0.67 | |||||
| EV/EBITDA Ratio | 2.18 | |||||
| EV/EBIT Ratio | 2.19 | |||||
| EV/FCF Ratio | 1.98 | |||||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.01 | 0.04 | 0.04 | 0.01 |
| Debt / EBITDA Ratio | 0.00 | 0.01 | 0.02 | 0.16 | ||
| Debt / FCF Ratio | 0.01 | 0.02 | 0.07 | 0.28 | ||
| Net Debt / Equity Ratio | -1.36 | -1.18 | -1.29 | -1.28 | -1.07 | -1.13 |
| Net Debt / EBITDA Ratio | -3.13 | -2.95 | -2.67 | -6.13 | 43.65 | 1.43 |
| Net Debt / FCF Ratio | -2.68 | -1.91 | -2.50 | -7.24 | 2.31 | |
| Asset Turnover | 1.02 | 1.18 | 1.53 | 1.57 | 0.91 | |
| Quick Ratio | 2.88 | 3.87 | 2.74 | 2.17 | 1.82 | 2.29 |
| Current Ratio | 2.91 | 3.92 | 2.84 | 2.22 | 2.10 | 2.68 |
| Return on Equity (ROE) | 47.21% | 50.94% | 65.58% | 28.73% | -0.43% | |
| Return on Assets (ROA) | 20.70% | 22.47% | 24.96% | 8.44% | -1.08% | |
| Return on Capital Employed (ROCE) | 41.00% | 38.00% | 46.70% | 19.80% | -2.70% | -77.20% |
| Earnings Yield | 41.72% | 20.02% | ||||
| FCF Yield | 43.96% | 22.61% | ||||
| Buyback Yield / Dilution | -6.06% | -5.38% | -283.70% | -60.31% | -130.82% |