NYSE : HUYA
HUYA Inc. — Financial statements
Communication Services · Entertainment · China
Last price 2.08 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 475.00M
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Financial statements
HUYA Inc. (HUYA) reported revenue of 6.89B 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 | 6.89B | 6.50B | 6.08B | 6.99B | 9.26B | 11.35B |
| Cost of Revenue | 5.91B | 5.63B | 5.27B | 6.18B | 8.61B | 9.75B |
| Gross Profit | 979.48M | 872.13M | 809.45M | 815.20M | 653.62M | 1.60B |
| Selling, General & Admin | 634.43M | 575.44M | 528.89M | 761.44M | 871.73M | 1.09B |
| Research & Development | 497.15M | 496.68M | 512.64M | 578.61M | 684.45M | 818.88M |
| Other Operating Expenses | -37.14M | -37.48M | -42.50M | -81.26M | -166.31M | -274.70M |
| Operating Expenses | 1.09B | 1.03B | 999.03M | 1.26B | 1.39B | 1.63B |
| Operating Income | -114.96M | -162.50M | -189.58M | -443.59M | -736.24M | -30.17M |
| Interest & Investment Income | 122.79M | 190.79M | 391.39M | 479.68M | 298.20M | 247.01M |
| Earnings From Equity Investments | -1.88M | -2.69M | -520.00K | 379.21M | ||
| Currency Exchange Gain (Loss) | -8.68M | -6.72M | -3.80M | -1.59M | -2.52M | -1.48M |
| EBT Excluding Unusual Items | -2.72M | 18.87M | 198.01M | 34.50M | -441.07M | 594.57M |
| Impairment of Goodwill | -34.64M | |||||
| Gain (Loss) on Sale of Investments | -101.13M | -118.66M | -232.47M | -225.80M | -47.60M | 44.16M |
| Pretax Income | -103.85M | -99.78M | -34.45M | -191.30M | -523.31M | 638.73M |
| Income Tax Expense | 6.62M | 12.81M | 13.50M | 13.21M | 24.36M | 55.23M |
| Net Income | -110.47M | -112.59M | -47.95M | -204.52M | -547.67M | 583.50M |
| Net Income to Common | -110.47M | -112.59M | -47.95M | -204.52M | -547.67M | 583.50M |
| Shares Outstanding (Basic) | 229.34M | 228.84M | 231.53M | 243.03M | 241.44M | 238.20M |
| Shares Outstanding (Diluted) | 229.34M | 228.84M | 231.53M | 243.03M | 241.44M | 241.79M |
| EPS (Basic) | -0.48 | -0.49 | -0.21 | -0.84 | -2.27 | 2.45 |
| EPS (Diluted) | -0.48 | -0.49 | -0.21 | -0.84 | -2.27 | 2.41 |
| Free Cash Flow | -343.98M | -91.97M | -155.29M | -556.71M | 287.97M | |
| Free Cash Flow Per Share | -1.50 | -0.40 | -0.64 | -2.31 | 1.19 | |
| Gross Margin | 14.21% | 13.41% | 13.31% | 11.65% | 7.05% | 14.10% |
| Operating Margin | -1.67% | -2.50% | -3.12% | -6.34% | -7.95% | -0.27% |
| Profit Margin | -1.60% | -1.73% | -0.79% | -2.92% | -5.91% | 5.14% |
| Free Cash Flow Margin | -5.29% | -1.51% | -2.22% | -6.01% | 2.54% | |
| EBITDA | -40.68M | -87.48M | -113.08M | -342.47M | -634.23M | 58.94M |
| EBITDA Margin | -0.59% | -1.34% | -1.86% | -4.90% | -6.85% | 0.52% |
| D&A For EBITDA | 74.28M | 75.02M | 76.50M | 101.12M | 102.01M | 89.11M |
| EBIT | -114.96M | -162.50M | -189.58M | -443.59M | -736.24M | -30.17M |
| EBIT Margin | -1.67% | -2.50% | -3.12% | -6.34% | -7.95% | -0.27% |
| Effective Tax Rate | 8.65% | |||||
| Revenue as Reported | 6.89B | 6.50B | 6.08B | 6.99B | 9.26B | 11.35B |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 322.17M | 692.66M | 1.19B | 511.97M | 694.09M | 1.79B |
| Short-Term Investments | 2.13B | 3.13B | 4.08B | 6.85B | 9.02B | 9.17B |
| Cash & Short-Term Investments | 2.45B | 3.82B | 5.26B | 7.36B | 9.72B | 10.96B |
| Accounts Receivable | 407.02M | 525.18M | 277.90M | 211.82M | 128.11M | 224.14M |
| Other Receivables | 177.51M | 159.89M | 199.56M | 190.17M | 187.63M | |
| Receivables | 407.02M | 702.69M | 437.79M | 411.37M | 318.27M | 424.63M |
| Restricted Cash | 29.67M | 12.03M | 17.03M | 18.14M | 4.05M | 55.67M |
| Other Current Assets | 434.03M | 373.70M | 369.50M | 357.97M | 463.05M | 476.91M |
| Total Current Assets | 3.60B | 4.91B | 6.09B | 8.15B | 10.50B | 11.92B |
| Property, Plant & Equipment | 984.99M | 908.38M | 823.50M | 705.77M | 546.03M | 474.98M |
| Long-Term Investments | 1.10B | 296.17M | 1.91B | 3.31B | 1.98B | 608.62M |
| Goodwill | 439.44M | 453.50M | 463.80M | 456.98M | 449.36M | |
| Other Intangible Assets | 106.31M | 127.63M | 153.19M | 161.74M | 207.10M | 83.94M |
| Long-Term Deferred Tax Assets | 20.25M | |||||
| Other Long-Term Assets | 19.05M | 8.84M | 128.26M | 144.12M | 110.87M | 150.89M |
| Total Assets | 6.26B | 6.70B | 9.57B | 12.92B | 13.79B | 13.25B |
| Accounts Payable | 355.80M | 237.90M | 66.61M | 14.96M | 22.52M | 12.58M |
| Accrued Expenses | 832.98M | 974.45M | 1.23B | 1.36B | 1.47B | 1.71B |
| Current Portion of Leases | 11.65M | 18.98M | 28.58M | 31.83M | 29.80M | 36.47M |
| Current Income Taxes Payable | 46.60M | 61.48M | 54.59M | 49.91M | 28.92M | 5.94M |
| Current Unearned Revenue | 222.72M | 263.60M | 394.12M | 421.06M | 438.31M | |
| Other Current Liabilities | 323.87M | 213.60M | 292.77M | 312.10M | 278.44M | 376.48M |
| Total Current Liabilities | 1.57B | 1.73B | 1.94B | 2.16B | 2.26B | 2.58B |
| Long-Term Leases | 11.26M | 1.77M | 20.05M | 48.07M | 8.62M | 45.08M |
| Long-Term Unearned Revenue | 37.48M | 31.82M | 35.79M | 47.86M | 73.35M | 118.97M |
| Long-Term Deferred Tax Liabilities | 16.77M | 18.93M | 23.41M | 42.32M | 45.91M | 4.60M |
| Total Liabilities | 1.64B | 1.78B | 2.02B | 2.30B | 2.38B | 2.74B |
| Common Stock | 156.00K | 152.00K | 150.00K | 159.00K | 158.00K | 157.00K |
| Additional Paid-In Capital | 6.23B | 6.47B | 8.87B | 12.00B | 12.50B | 11.76B |
| Retained Earnings | -2.11B | -2.10B | -1.98B | -1.93B | -1.73B | -1.18B |
| Treasury Stock | -108.92M | -128.06M | -108.10M | -206.34M | ||
| Comprehensive Income & Other | 611.09M | 678.46M | 770.00M | 760.59M | 638.09M | -76.30M |
| Total Common Equity | 4.62B | 4.92B | 7.55B | 10.62B | 11.41B | 10.51B |
| Shareholders' Equity | 4.62B | 4.92B | 7.55B | 10.62B | 11.41B | 10.51B |
| Total Liabilities & Equity | 6.26B | 6.70B | 9.57B | 12.92B | 13.79B | 13.25B |
| Total Debt | 22.91M | 20.75M | 48.63M | 79.90M | 38.42M | 81.56M |
| Net Cash (Debt) | 2.43B | 3.80B | 5.22B | 7.28B | 9.68B | 10.88B |
| Net Cash Per Share | 10.60 | 16.60 | 22.53 | 29.97 | 40.08 | 44.99 |
| Filing Date Shares Outstanding | 228.37M | 229.79M | 223.51M | 227.70M | 239.90M | 238.26M |
| Total Common Shares Outstanding | 228.37M | 223.53M | 221.37M | 223.92M | 239.79M | 238.07M |
| Working Capital | 2.03B | 3.18B | 4.15B | 5.99B | 8.25B | 9.34B |
| Book Value Per Share | 20.24 | 22.01 | 34.11 | 47.45 | 47.58 | 44.15 |
| Tangible Book Value | 4.08B | 4.34B | 6.93B | 10.01B | 10.75B | 10.43B |
| Tangible Book Value Per Share | 17.85 | 19.41 | 31.32 | 44.68 | 44.84 | 43.79 |
| Machinery | 266.75M | 299.92M | 284.16M | 271.69M | 204.08M | |
| Construction In Progress | 568.88M | 415.43M | 248.79M | 97.79M | 5.62M | |
| Leasehold Improvements | 33.55M | 33.47M | 32.39M | 32.91M | 34.65M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -112.59M | -47.95M | -204.52M | -547.67M | 583.50M | |
| Depreciation & Amortization | 108.04M | 113.96M | 140.40M | 143.61M | 125.02M | |
| Loss (Gain) From Sale of Assets | -6.14M | -831.00K | -594.00K | 1.39M | -1.50M | |
| Asset Writedown & Restructuring Costs | 34.64M | |||||
| Loss (Gain) From Sale of Investments | 118.66M | 232.47M | 225.80M | 47.60M | -44.16M | |
| Loss (Gain) on Equity Investments | 2.69M | 520.00K | -379.21M | |||
| Stock-Based Compensation | 73.59M | 64.52M | 78.27M | 156.48M | 289.70M | |
| Provision & Write-off of Bad Debts | 67.83M | -5.80M | 13.39M | -107.00K | -2.36M | |
| Other Operating Activities | 2.66M | -239.00K | -2.41M | 17.93M | 17.27M | |
| Change in Accounts Receivable | -163.75M | -9.04M | 4.71M | 3.58M | -16.06M | |
| Change in Accounts Payable | 175.65M | 50.27M | 4.47M | -3.04M | 3.84M | |
| Change in Income Taxes | 6.88M | 4.68M | 20.99M | 22.98M | -53.51M | |
| Change in Other Net Operating Assets | -449.68M | -307.75M | -312.58M | -278.27M | -195.08M | |
| Operating Cash Flow | -176.15M | 94.28M | -32.08M | -400.36M | 327.45M | |
| Capital Expenditures | -167.83M | -186.26M | -123.21M | -156.35M | -39.48M | |
| Sale of Property, Plant & Equipment | 4.75M | 378.00K | 1.08M | 1.11M | 1.85M | |
| Cash Acquisitions | -28.77M | -546.08M | ||||
| Sale (Purchase) of Intangibles | -20.98M | -24.24M | -8.08M | -8.43M | -58.58M | |
| Investment in Securities | 2.37B | 3.92B | 729.50M | -684.90M | -1.78B | |
| Investing Cash Flow | 2.19B | 3.68B | 53.21M | -848.57M | -1.88B | |
| Issuance of Common Stock | 680.00K | 128.00K | 6.05M | 10.72M | ||
| Repurchase of Common Stock | -90.34M | -247.89M | -202.42M | |||
| Common Dividends Paid | -2.41B | -2.86B | ||||
| Financing Cash Flow | -2.50B | -3.10B | -202.29M | 6.05M | 10.72M | |
| Foreign Exchange Rate Adjustments | -12.18M | 7.68M | 13.14M | 94.57M | -69.86M | |
| Net Cash Flow | -501.25M | 675.83M | -168.03M | -1.15B | -1.61B | |
| Free Cash Flow | -343.98M | -91.97M | -155.29M | -556.71M | 287.97M | |
| Free Cash Flow Margin | -5.29% | -1.51% | -2.22% | -6.01% | 2.54% | |
| Free Cash Flow Per Share | -1.50 | -0.40 | -0.64 | -2.31 | 1.19 | |
| Levered Free Cash Flow | -572.02M | -407.70M | -288.23M | -466.68M | 320.67M | |
| Unlevered Free Cash Flow | -572.02M | -407.70M | -288.23M | -466.68M | 320.67M | |
| Cash Income Tax Paid | 6.12M | 13.52M | -8.89M | -87.89M | 96.10M | |
| Change in Working Capital | -430.89M | -261.84M | -282.41M | -254.75M | -260.81M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 454.45M | 643.71M | 699.03M | 870.83M | 945.98M | 1.65B |
| Enterprise Value | 96.69M | 117.91M | -229.65M | -289.13M | -545.14M | -64.72M |
| Last Close Price | 1.99 | 2.73 | 1.73 | 1.44 | 1.55 | 2.73 |
| PE Ratio | 17.93 | |||||
| Forward PE | 13.74 | 20.78 | 9.23 | 162.09 | 162.09 | 111.92 |
| PS Ratio | 0.45 | 0.69 | 0.84 | 0.88 | 0.70 | 0.92 |
| PB Ratio | 0.67 | 0.92 | 0.68 | 0.58 | 0.57 | 1.00 |
| P/TBV Ratio | 0.76 | 1.04 | 0.74 | 0.62 | 0.61 | 1.00 |
| P/FCF Ratio | 36.34 | |||||
| P/OCF Ratio | 54.12 | 31.95 | ||||
| PEG Ratio | 0.01 | 0.01 | 16.62 | 16.62 | 16.62 | |
| EV/Sales Ratio | 0.10 | 0.13 | ||||
| Debt / Equity Ratio | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 |
| Debt / EBITDA Ratio | 8.09 | 0.71 | ||||
| Debt / FCF Ratio | 0.28 | |||||
| Net Debt / Equity Ratio | -0.53 | -0.77 | -0.69 | -0.69 | -0.85 | -1.03 |
| Net Debt / EBITDA Ratio | 59.74 | 43.41 | 46.12 | 21.27 | 15.26 | -184.54 |
| Net Debt / FCF Ratio | 11.04 | 56.70 | 46.90 | 17.38 | -37.77 | |
| Asset Turnover | 1.07 | 0.80 | 0.54 | 0.52 | 0.69 | 0.89 |
| Quick Ratio | 1.82 | 2.62 | 2.94 | 3.60 | 4.45 | 4.41 |
| Current Ratio | 2.29 | 2.84 | 3.14 | 3.77 | 4.66 | 4.63 |
| Return on Equity (ROE) | -2.28% | -1.81% | -0.53% | -1.86% | -5.00% | 5.75% |
| Return on Assets (ROA) | -1.11% | -1.25% | -1.05% | -2.08% | -3.40% | -0.15% |
| Return on Invested Capital (ROIC) | -6.26% | -9.40% | -6.68% | -17.49% | -42.50% | |
| Return on Capital Employed (ROCE) | -2.50% | -3.30% | -2.50% | -4.10% | -6.40% | -0.30% |
| Earnings Yield | -3.56% | -2.50% | -0.94% | -3.31% | -8.39% | 5.58% |
| FCF Yield | -11.37% | -7.64% | -1.80% | -2.51% | -8.53% | 2.75% |
| Buyback Yield / Dilution | 0.18% | 1.16% | 4.73% | -0.66% | 0.15% | -1.32% |