NYSE : IH
iHuman Inc. — Financial statements
Consumer Staples · Education & Training Services · China
Last price 1.18 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 60.32M
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Financial statements
iHuman Inc. (IH) reported revenue of 744.09M 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 | 744.09M | 807.02M | 922.20M | 1.02B | 985.52M | 944.72M |
| Cost of Revenue | 247.41M | 259.41M | 282.05M | 296.87M | 294.34M | 284.10M |
| Gross Profit | 496.68M | 547.61M | 640.15M | 721.27M | 691.17M | 660.62M |
| Selling, General & Admin | 301.53M | 283.25M | 333.96M | 319.09M | 283.96M | 318.57M |
| Research & Development | 201.01M | 197.60M | 234.28M | 242.29M | 295.63M | 396.30M |
| Operating Expenses | 502.53M | 480.85M | 568.24M | 561.38M | 579.59M | 714.87M |
| Operating Income | -5.85M | 66.76M | 71.91M | 159.89M | 111.58M | -54.25M |
| Other Non Operating Income (Expenses) | 30.14M | 35.03M | 38.69M | 42.69M | 21.19M | 17.05M |
| Pretax Income | 24.29M | 101.79M | 110.60M | 202.57M | 132.77M | -37.20M |
| Income Tax Expense | 965.00K | 6.39M | 12.01M | 21.67M | 22.95M | -145.00K |
| Net Income | 23.33M | 95.40M | 98.59M | 180.91M | 109.82M | -37.05M |
| Net Income to Common | 23.33M | 95.40M | 98.59M | 180.91M | 109.82M | -37.05M |
| Shares Outstanding (Basic) | 51.39M | 51.40M | 52.40M | 52.81M | 53.31M | 53.33M |
| Shares Outstanding (Diluted) | 53.52M | 53.52M | 54.24M | 54.75M | 54.04M | 53.33M |
| EPS (Basic) | 0.45 | 1.86 | 1.88 | 3.43 | 2.06 | -0.69 |
| EPS (Diluted) | 0.45 | 1.80 | 1.80 | 3.30 | 2.05 | -0.70 |
| Free Cash Flow | 46.41M | 51.10M | 165.61M | 181.88M | 5.93M | |
| Free Cash Flow Per Share | 0.87 | 0.94 | 3.02 | 3.37 | 0.11 | |
| Gross Margin | 66.75% | 67.86% | 69.42% | 70.84% | 70.13% | 69.93% |
| Operating Margin | -0.79% | 8.27% | 7.80% | 15.70% | 11.32% | -5.74% |
| Profit Margin | 3.14% | 11.82% | 10.69% | 17.77% | 11.14% | -3.92% |
| Free Cash Flow Margin | 5.75% | 5.54% | 16.27% | 18.45% | 0.63% | |
| EBITDA | -1.06M | 74.50M | 85.57M | 171.58M | 122.41M | -47.83M |
| EBITDA Margin | -0.14% | 9.23% | 9.28% | 16.85% | 12.42% | -5.06% |
| D&A For EBITDA | 4.79M | 7.75M | 13.66M | 11.69M | 10.83M | 6.42M |
| EBIT | -5.85M | 66.76M | 71.91M | 159.89M | 111.58M | -54.25M |
| EBIT Margin | -0.79% | 8.27% | 7.80% | 15.70% | 11.32% | -5.74% |
| Effective Tax Rate | 3.97% | 6.28% | 10.86% | 10.70% | 17.29% | |
| Advertising Expenses | 102.73M | 133.53M | 120.79M | 80.02M | 126.26M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 796.11M | 1.15B | 1.12B | 1.21B | 1.05B | 855.36M |
| Short-Term Investments | 211.29M | 45.46M | ||||
| Cash & Short-Term Investments | 1.01B | 1.15B | 1.17B | 1.21B | 1.05B | 855.36M |
| Receivables | 45.22M | 51.38M | 54.08M | 62.64M | 81.90M | 58.98M |
| Inventory | 33.37M | 21.39M | 23.48M | 16.52M | 19.13M | 28.05M |
| Other Current Assets | 93.11M | 74.48M | 89.51M | 89.51M | 102.77M | 72.85M |
| Total Current Assets | 1.18B | 1.30B | 1.34B | 1.38B | 1.25B | 1.02B |
| Property, Plant & Equipment | 11.88M | 14.15M | 18.36M | 9.82M | 21.99M | 50.52M |
| Long-Term Investments | 26.33M | 26.33M | 26.33M | 26.33M | 26.33M | |
| Other Intangible Assets | 15.50M | 17.63M | 16.43M | 23.25M | 24.87M | 27.29M |
| Long-Term Accounts Receivable | 4.22M | |||||
| Other Long-Term Assets | 10.58M | 11.86M | 22.70M | 8.66M | 6.42M | 3.60M |
| Total Assets | 1.24B | 1.37B | 1.42B | 1.45B | 1.33B | 1.10B |
| Accounts Payable | 18.57M | 25.08M | 30.23M | 22.14M | 24.21M | 30.54M |
| Accrued Expenses | 153.10M | 90.23M | 103.52M | 110.38M | 111.45M | 95.32M |
| Current Portion of Leases | 1.70M | 2.17M | 3.66M | 1.93M | 6.12M | 24.67M |
| Current Income Taxes Payable | 16.48M | 16.18M | 30.32M | 32.84M | 20.09M | |
| Current Unearned Revenue | 231.50M | 219.91M | 283.25M | 318.59M | 379.06M | 302.98M |
| Other Current Liabilities | 10.10M | 10.71M | 7.41M | 7.37M | 9.34M | |
| Total Current Liabilities | 404.88M | 363.98M | 447.54M | 490.76M | 561.05M | 482.93M |
| Long-Term Leases | 6.62M | 9.21M | 11.25M | 1.93M | 2.89M | 9.58M |
| Total Liabilities | 411.50M | 373.19M | 458.80M | 492.69M | 563.95M | 492.51M |
| Common Stock | 186.00K | 186.00K | 185.00K | 185.00K | 185.00K | 185.00K |
| Additional Paid-In Capital | 909.63M | 960.64M | 996.66M | 1.09B | 1.08B | 1.07B |
| Retained Earnings | -40.82M | 61.69M | -33.71M | -132.30M | -313.21M | -423.02M |
| Treasury Stock | -43.48M | -43.48M | -26.30M | -16.66M | -7.12M | -164.00K |
| Comprehensive Income & Other | 6.37M | 16.13M | 24.01M | 17.95M | 10.50M | -34.68M |
| Shareholders' Equity | 831.89M | 995.17M | 960.85M | 957.80M | 769.45M | 608.37M |
| Total Liabilities & Equity | 1.24B | 1.37B | 1.42B | 1.45B | 1.33B | 1.10B |
| Total Debt | 8.33M | 11.37M | 14.91M | 3.86M | 9.02M | 34.25M |
| Net Cash (Debt) | 999.07M | 1.14B | 1.15B | 1.21B | 1.04B | 821.12M |
| Net Cash Per Share | 18.67 | 21.29 | 21.27 | 22.10 | 19.26 | 15.40 |
| Filing Date Shares Outstanding | 51.12M | 51.11M | 51.52M | 52.66M | 52.84M | 53.38M |
| Total Common Shares Outstanding | 51.12M | 51.11M | 52.02M | 52.74M | 53.14M | 53.57M |
| Working Capital | 774.22M | 934.40M | 888.27M | 891.68M | 692.74M | 532.31M |
| Book Value Per Share | 16.27 | 19.47 | 18.47 | 18.16 | 14.48 | 11.36 |
| Tangible Book Value | 816.39M | 977.54M | 944.42M | 934.56M | 744.58M | 581.08M |
| Tangible Book Value Per Share | 15.97 | 19.13 | 18.16 | 17.72 | 14.01 | 10.85 |
| Machinery | 17.53M | 19.49M | 19.62M | 18.60M | 17.82M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 95.40M | 98.59M | 180.91M | 109.82M | -37.05M | |
| Depreciation & Amortization | 7.75M | 13.66M | 11.69M | 10.83M | 6.42M | |
| Stock-Based Compensation | 722.00K | 2.82M | 9.44M | 13.04M | 15.18M | |
| Provision & Write-off of Bad Debts | -199.00K | -357.00K | 519.00K | 5.03M | 225.00K | |
| Other Operating Activities | 5.14M | 2.37M | 9.92M | 23.77M | 23.20M | |
| Change in Accounts Receivable | 5.08M | 9.22M | 18.29M | -28.51M | 21.61M | |
| Change in Inventory | 457.00K | -7.24M | 3.03M | 6.72M | -12.62M | |
| Change in Accounts Payable | -5.12M | 8.05M | -2.08M | -6.33M | 8.98M | |
| Change in Unearned Revenue | -63.30M | -35.37M | -60.48M | 76.08M | 34.37M | |
| Change in Other Net Operating Assets | 5.38M | -33.21M | 884.00K | -21.99M | -22.09M | |
| Operating Cash Flow | 51.32M | 58.55M | 172.12M | 188.47M | 38.21M | |
| Capital Expenditures | -4.90M | -7.45M | -6.51M | -6.59M | -32.28M | |
| Sale of Property, Plant & Equipment | 79.00K | 332.00K | ||||
| Investment in Securities | 45.46M | -45.31M | -26.33M | |||
| Investing Cash Flow | 40.55M | -52.76M | -6.51M | -32.84M | -31.95M | |
| Issuance of Common Stock | 185.00K | 47.00K | 94.00K | 3.00K | 477.00K | |
| Repurchase of Common Stock | -17.19M | -9.63M | -9.54M | -6.96M | -164.00K | |
| Common Dividends Paid | -39.09M | -35.27M | ||||
| Other Financing Activities | -57.43M | 97.00K | ||||
| Financing Cash Flow | -56.09M | -102.28M | -9.45M | -6.96M | 410.00K | |
| Foreign Exchange Rate Adjustments | -7.95M | 6.02M | 7.60M | 45.97M | -12.99M | |
| Net Cash Flow | 27.83M | -90.47M | 163.77M | 194.64M | -6.32M | |
| Free Cash Flow | 46.41M | 51.10M | 165.61M | 181.88M | 5.93M | |
| Free Cash Flow Margin | 5.75% | 5.54% | 16.27% | 18.45% | 0.63% | |
| Free Cash Flow Per Share | 0.87 | 0.94 | 3.02 | 3.37 | 0.11 | |
| Levered Free Cash Flow | -16.97M | 10.63M | 83.57M | 139.78M | 15.89M | |
| Unlevered Free Cash Flow | -16.97M | 10.63M | 83.57M | 139.78M | 15.89M | |
| Cash Income Tax Paid | 4.88M | 21.80M | 23.28M | 8.36M | 459.00K | |
| Change in Working Capital | -57.50M | -58.54M | -40.35M | 25.97M | 30.25M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 60.32M | 107.32M | 88.25M | 161.91M | 138.40M | 149.31M |
| Enterprise Value | -86.76M | -49.50M | -78.00M | 1.56M | 6.84M | 14.23M |
| Last Close Price | 1.18 | 2.00 | 1.54 | 2.67 | 2.26 | 2.43 |
| PE Ratio | 17.66 | 7.87 | 6.53 | 6.35 | 8.69 | |
| Forward PE | 13.30 | 13.30 | 13.30 | 11.66 | 122.41 | |
| PS Ratio | 0.55 | 0.93 | 0.70 | 1.13 | 0.97 | 1.00 |
| PB Ratio | 0.49 | 0.75 | 0.67 | 1.20 | 1.24 | 1.56 |
| P/TBV Ratio | 0.50 | 0.77 | 0.68 | 1.23 | 1.28 | 1.63 |
| P/FCF Ratio | 8.64 | 16.17 | 12.61 | 6.93 | 5.25 | 159.92 |
| P/OCF Ratio | 14.63 | 11.00 | 6.67 | 5.07 | 24.82 | |
| EV/Sales Ratio | 0.01 | 0.05 | 0.10 | |||
| EV/EBITDA Ratio | 0.07 | 0.39 | ||||
| EV/EBIT Ratio | 0.07 | 0.42 | ||||
| EV/FCF Ratio | 0.07 | 0.26 | 15.24 | |||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.02 | 0.00 | 0.01 | 0.06 |
| Debt / EBITDA Ratio | 0.48 | 0.12 | 0.14 | 0.02 | 0.06 | |
| Debt / FCF Ratio | 0.24 | 0.29 | 0.02 | 0.05 | 5.77 | |
| Net Debt / Equity Ratio | -1.20 | -1.15 | -1.20 | -1.26 | -1.35 | -1.35 |
| Net Debt / EBITDA Ratio | 941.18 | -15.30 | -13.48 | -7.05 | -8.50 | 17.17 |
| Net Debt / FCF Ratio | -24.56 | -22.58 | -7.31 | -5.72 | -138.44 | |
| Asset Turnover | 0.58 | 0.58 | 0.64 | 0.73 | 0.81 | 0.88 |
| Inventory Turnover | 9.16 | 11.56 | 14.11 | 16.66 | 12.48 | 12.65 |
| Quick Ratio | 2.60 | 3.30 | 2.73 | 2.60 | 2.02 | 1.89 |
| Current Ratio | 2.91 | 3.57 | 2.98 | 2.82 | 2.23 | 2.10 |
| Return on Equity (ROE) | 2.59% | 9.75% | 10.28% | 20.95% | 15.94% | -5.92% |
| Return on Assets (ROA) | -0.28% | 2.99% | 3.13% | 7.18% | 5.73% | -3.16% |
| Return on Capital Employed (ROCE) | -0.70% | 6.60% | 7.40% | 16.70% | 14.40% | -8.80% |
| Earnings Yield | 5.66% | 12.71% | 15.30% | 15.76% | 11.51% | -3.91% |
| FCF Yield | 11.57% | 6.18% | 7.93% | 14.42% | 19.05% | 0.62% |
| Payout Ratio | 149.66% | 40.97% | 35.77% | |||
| Buyback Yield / Dilution | 0.58% | 1.32% | 0.94% | -1.32% | -1.34% | -17.80% |