NYSE : ZEPP
Zepp Health Corporation — Financial statements
Technology · Consumer Electronics · Netherlands
Last price 2.2 USD (Oct 30, 2026, 9:47 AM EDT) · Market cap 32.26M
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Financial statements
Zepp Health Corporation (ZEPP) reported revenue of 276.03M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 276.03M | 258.90M | 182.60M | 352.86M | 613.64M | 983.87M |
| Cost of Revenue | 169.52M | 159.71M | 112.37M | 260.50M | 494.78M | 778.34M |
| Gross Profit | 106.50M | 99.19M | 70.23M | 92.36M | 118.86M | 205.53M |
| Selling, General & Admin | 94.79M | 83.10M | 71.33M | 71.31M | 103.42M | 109.66M |
| Research & Development | 46.46M | 45.32M | 46.16M | 51.50M | 77.30M | 81.08M |
| Operating Expenses | 141.25M | 128.42M | 117.48M | 122.81M | 180.71M | 190.74M |
| Operating Income | -34.75M | -29.23M | -47.25M | -30.45M | -61.86M | 14.79M |
| Interest Expense | -6.43M | -5.70M | -5.55M | -6.75M | -8.44M | -7.07M |
| Interest & Investment Income | 1.45M | 1.53M | 3.67M | 3.09M | 1.82M | 2.63M |
| Earnings From Equity Investments | -2.37M | -2.07M | -4.21M | 1.11M | 2.68M | 6.46M |
| Other Non Operating Income (Expenses) | -70.00K | 56.00K | -656.00K | -525.00K | 6.45M | 4.32M |
| EBT Excluding Unusual Items | -42.17M | -35.41M | -54.00M | -33.52M | -59.35M | 21.12M |
| Gain (Loss) on Sale of Investments | 1.12M | -2.12M | -8.12M | 9.00K | 6.13M | 2.13M |
| Pretax Income | -41.05M | -37.53M | -62.12M | -33.52M | -53.21M | 23.25M |
| Income Tax Expense | 2.51M | 2.54M | 13.69M | -2.43M | -9.87M | 1.69M |
| Earnings From Continuing Operations | -43.56M | -40.07M | -75.81M | -31.09M | -43.35M | 21.56M |
| Minority Interest in Earnings | 75.00K | 66.00K | 103.00K | 133.96K | ||
| Net Income | -43.56M | -40.07M | -75.73M | -31.02M | -43.24M | 21.69M |
| Net Income to Common | -43.56M | -40.07M | -75.73M | -31.02M | -43.24M | 21.69M |
| Shares Outstanding (Basic) | 15.86M | 15.90M | 16.18M | 15.20M | 15.39M | 15.76M |
| Shares Outstanding (Diluted) | 15.86M | 15.90M | 16.18M | 15.20M | 15.39M | 16.52M |
| EPS (Basic) | -2.75 | -2.52 | -4.68 | -2.04 | -2.81 | 1.38 |
| EPS (Diluted) | -2.79 | -2.56 | -4.68 | -2.08 | -2.88 | 1.31 |
| Free Cash Flow | -26.21M | -25.80M | 41.01M | -118.32M | -43.84M | |
| Free Cash Flow Per Share | -1.65 | -1.59 | 2.70 | -7.69 | -2.65 | |
| Gross Margin | 38.58% | 38.31% | 38.46% | 26.17% | 19.37% | 20.89% |
| Operating Margin | -12.59% | -11.29% | -25.88% | -8.63% | -10.08% | 1.50% |
| Profit Margin | -15.78% | -15.48% | -41.47% | -8.79% | -7.05% | 2.21% |
| Free Cash Flow Margin | -10.12% | -14.13% | 11.62% | -19.28% | -4.46% | |
| EBITDA | -30.46M | -24.70M | -42.23M | -22.76M | -53.15M | 22.96M |
| EBITDA Margin | -11.03% | -9.54% | -23.13% | -6.45% | -8.66% | 2.33% |
| D&A For EBITDA | 4.29M | 4.54M | 5.02M | 7.69M | 8.71M | 8.17M |
| EBIT | -34.75M | -29.23M | -47.25M | -30.45M | -61.86M | 14.79M |
| EBIT Margin | -12.59% | -11.29% | -25.88% | -8.63% | -10.08% | 1.50% |
| Effective Tax Rate | 7.27% | |||||
| Advertising Expenses | 27.33M | 21.27M | 13.78M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 69.66M | 57.05M | 91.07M | 133.67M | 128.55M | 231.17M |
| Short-Term Investments | 997.00K | 5.15M | 4.98M | 3.83M | ||
| Cash & Short-Term Investments | 69.66M | 57.05M | 92.07M | 138.82M | 133.52M | 235.00M |
| Accounts Receivable | 82.59M | 73.57M | 65.63M | 69.33M | 116.33M | 129.99M |
| Other Receivables | 24.03M | 13.52M | 12.63M | 8.35M | 41.27M | |
| Receivables | 82.59M | 97.60M | 79.14M | 81.96M | 126.18M | 171.26M |
| Inventory | 62.43M | 72.76M | 56.79M | 84.89M | 148.16M | 196.66M |
| Prepaid Expenses | 31.22M | 8.67M | 3.66M | 4.03M | 7.78M | 8.05M |
| Restricted Cash | 36.61M | 55.89M | 19.67M | 6.80M | 12.57M | 6.46M |
| Other Current Assets | 1.56M | 235.00K | 235.00K | 720.73K | 1.36M | |
| Total Current Assets | 282.51M | 293.52M | 251.56M | 316.73M | 428.95M | 618.79M |
| Property, Plant & Equipment | 7.58M | 7.62M | 10.36M | 15.75M | 24.09M | 38.14M |
| Long-Term Investments | 227.82M | 220.05M | 225.91M | 238.54M | 244.54M | 244.40M |
| Goodwill | 9.58M | 9.58M | 9.58M | 9.58M | 9.58M | 9.61M |
| Other Intangible Assets | 12.81M | 13.61M | 7.09M | 9.87M | 17.88M | 21.34M |
| Long-Term Deferred Tax Assets | 16.02M | 15.74M | 17.46M | 32.40M | 30.47M | 22.58M |
| Other Long-Term Assets | 3.35M | 3.72M | 4.61M | 9.70M | 7.31M | 3.08M |
| Total Assets | 559.67M | 564.84M | 528.59M | 635.52M | 763.74M | 957.95M |
| Accounts Payable | 199.65M | 192.79M | 114.56M | 106.15M | 138.03M | 231.27M |
| Accrued Expenses | 37.18M | 7.93M | 7.94M | 8.06M | 8.69M | 14.14M |
| Short-Term Debt | 76.84M | 55.73M | 41.85M | 1.69M | 74.23M | 56.35M |
| Current Portion of Leases | 930.00K | 1.36M | 3.87M | 6.14M | 7.89M | |
| Current Income Taxes Payable | 249.00K | 366.00K | 508.00K | 986.00K | 393.64K | 408.49K |
| Current Unearned Revenue | 27.88M | 27.02M | 30.42M | 9.12M | 14.34M | |
| Other Current Liabilities | 452.00K | 1.22M | 2.13M | 3.93M | 5.33M | 14.38M |
| Total Current Liabilities | 314.38M | 286.84M | 195.37M | 155.11M | 241.93M | 338.78M |
| Long-Term Debt | 56.40M | 59.48M | 75.24M | 120.02M | 99.20M | 114.42M |
| Long-Term Leases | 1.07M | 1.10M | 2.01M | 3.20M | 4.59M | 11.19M |
| Long-Term Unearned Revenue | 108.00K | 209.00K | 133.00K | 270.00K | 23.58M | 27.56M |
| Long-Term Deferred Tax Liabilities | 2.75M | 2.67M | 3.12M | 4.17M | 5.15M | 4.24M |
| Total Liabilities | 374.70M | 350.30M | 275.87M | 282.77M | 374.46M | 496.18M |
| Common Stock | 26.00K | 26.00K | 26.00K | 26.00K | 23.49K | 25.03K |
| Additional Paid-In Capital | 282.33M | 280.68M | 278.12M | 273.39M | 245.15M | 258.41M |
| Retained Earnings | -42.42M | -11.45M | 28.62M | 104.35M | 136.70M | 200.10M |
| Treasury Stock | -17.57M | -16.15M | -14.99M | -12.87M | -9.74M | -3.43M |
| Comprehensive Income & Other | -37.39M | -38.57M | -40.18M | -14.01M | 15.34M | 4.61M |
| Total Common Equity | 184.97M | 214.53M | 251.59M | 350.88M | 387.48M | 459.71M |
| Minority Interest | 1.14M | 1.87M | 1.80M | 2.06M | ||
| Shareholders' Equity | 184.97M | 214.53M | 252.73M | 352.75M | 389.28M | 461.77M |
| Total Liabilities & Equity | 559.67M | 564.84M | 528.59M | 635.52M | 763.74M | 957.95M |
| Total Debt | 134.31M | 117.23M | 120.46M | 128.78M | 184.16M | 189.85M |
| Net Cash (Debt) | -64.64M | -60.19M | -28.39M | 10.04M | -50.64M | 45.15M |
| Net Cash Per Share | -4.08 | -3.79 | -1.75 | 0.66 | -3.29 | 2.73 |
| Filing Date Shares Outstanding | 15.83M | 14.66M | 14.37M | 15.00M | 15.26M | 15.56M |
| Total Common Shares Outstanding | 15.83M | 14.68M | 14.50M | 15.05M | 15.33M | 15.70M |
| Working Capital | -31.86M | 6.68M | 56.20M | 161.62M | 187.02M | 280.01M |
| Book Value Per Share | 11.68 | 14.61 | 17.35 | 23.31 | 25.27 | 29.28 |
| Tangible Book Value | 162.58M | 191.34M | 234.92M | 331.43M | 360.02M | 428.76M |
| Tangible Book Value Per Share | 10.27 | 13.03 | 16.20 | 22.02 | 23.48 | 27.31 |
| Buildings | 4.97M | 4.76M | 4.90M | 5.04M | 5.47M | |
| Construction In Progress | 2.00K | 13.00K | 149.00K | 1.40M | 1.47M | |
| Leasehold Improvements | 12.06M | 11.31M | 13.08M | 13.15M | 12.87M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -40.07M | -75.73M | -31.02M | -43.24M | 21.69M | |
| Depreciation & Amortization | 4.54M | 5.02M | 7.69M | 8.71M | 8.17M | |
| Loss (Gain) From Sale of Assets | 21.00K | -56.00K | 53.00K | -284.00K | -47.85K | |
| Asset Writedown & Restructuring Costs | 1.14M | |||||
| Loss (Gain) From Sale of Investments | 2.12M | 8.12M | -9.00K | -6.13M | -2.08M | |
| Loss (Gain) on Equity Investments | 2.07M | 4.21M | -1.11M | -2.68M | -6.46M | |
| Stock-Based Compensation | 2.49M | 4.78M | 8.79M | 7.27M | 13.08M | |
| Provision & Write-off of Bad Debts | 7.50M | 1.59M | 97.00K | 128.14K | ||
| Other Operating Activities | 11.37M | 20.02M | 9.20M | 1.42M | 11.54M | |
| Change in Accounts Receivable | -8.33M | -5.08M | 36.38M | -22.87M | -37.76M | |
| Change in Inventory | -22.09M | 5.55M | 51.91M | 27.92M | -13.09M | |
| Change in Accounts Payable | 28.30M | 14.81M | -27.82M | -135.34M | -105.98M | |
| Change in Income Taxes | -189.00K | -478.00K | 592.00K | -13.00K | -3.95M | |
| Change in Other Net Operating Assets | -13.41M | -7.14M | -13.19M | 48.04M | 78.15M | |
| Operating Cash Flow | -25.69M | -24.39M | 42.60M | -117.11M | -36.59M | |
| Capital Expenditures | -516.00K | -1.40M | -1.60M | -1.21M | -7.25M | |
| Sale of Property, Plant & Equipment | 595.00K | 1.75M | 4.74M | 396.69K | ||
| Divestitures | 427.00K | 60.00K | 5.34M | |||
| Sale (Purchase) of Intangibles | -268.00K | -87.00K | -83.00K | -265.00K | -1.11M | |
| Investment in Securities | 1.67M | -1.84M | 5.65M | -2.52M | -165.72M | |
| Other Investing Activities | -1.40M | -2.30M | 17.79K | |||
| Investing Cash Flow | 1.48M | -1.58M | 7.73M | -6.24M | -168.32M | |
| Short-Term Debt Issued | 197.26M | 78.73M | 123.54M | 170.77M | 231.96M | |
| Total Debt Issued | 197.26M | 78.73M | 123.54M | 170.77M | 231.96M | |
| Short-Term Debt Repaid | -170.12M | -75.27M | -162.45M | -108.11M | -150.08M | |
| Total Debt Repaid | -170.12M | -75.27M | -162.45M | -108.11M | -150.08M | |
| Net Debt Issued (Repaid) | 27.14M | 3.46M | -38.91M | 62.66M | 81.88M | |
| Issuance of Common Stock | 860.28K | |||||
| Repurchase of Common Stock | -1.24M | -2.28M | -2.52M | -8.16M | -2.17M | |
| Common Dividends Paid | -6.30M | |||||
| Other Financing Activities | -1.07M | -705.00K | -251.00K | -5.83M | 6.17M | |
| Financing Cash Flow | 24.84M | 477.00K | -41.68M | 42.37M | 86.75M | |
| Foreign Exchange Rate Adjustments | 1.57M | -4.24M | -9.30M | -14.77M | -2.45M | |
| Net Cash Flow | 2.20M | -29.73M | -652.00K | -95.76M | -120.61M | |
| Free Cash Flow | -26.21M | -25.80M | 41.01M | -118.32M | -43.84M | |
| Free Cash Flow Margin | -10.12% | -14.13% | 11.62% | -19.28% | -4.46% | |
| Free Cash Flow Per Share | -1.65 | -1.59 | 2.70 | -7.69 | -2.65 | |
| Levered Free Cash Flow | -14.54M | -3.68M | 97.05M | -62.66M | -45.22M | |
| Unlevered Free Cash Flow | -10.98M | -205.25K | 101.27M | -57.38M | -40.81M | |
| Cash Interest Paid | 1.24M | 89.00K | 6.26M | 8.30M | 7.42M | |
| Cash Income Tax Paid | -567.00K | -62.00K | 241.00K | -512.00K | 11.71M | |
| Change in Working Capital | -15.73M | 7.66M | 47.88M | -82.26M | -82.62M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 32.70M | 387.09M | 38.99M | 86.67M | 90.27M | 317.92M |
| Enterprise Value | 97.35M | 434.60M | 45.31M | 89.75M | 157.05M | 320.66M |
| Last Close Price | 2.23 | 26.94 | 2.60 | 5.68 | 5.80 | 19.64 |
| PE Ratio | 14.66 | |||||
| Forward PE | 14.00 | 14.00 | 11.83 | 8.54 | 6.96 | |
| PS Ratio | 0.12 | 1.50 | 0.21 | 0.25 | 0.15 | 0.32 |
| PB Ratio | 0.19 | 1.80 | 0.15 | 0.25 | 0.23 | 0.69 |
| P/TBV Ratio | 0.20 | 2.02 | 0.17 | 0.26 | 0.25 | 0.74 |
| P/FCF Ratio | 2.11 | |||||
| P/OCF Ratio | 2.04 | |||||
| EV/Sales Ratio | 0.35 | 1.68 | 0.25 | 0.25 | 0.26 | 0.33 |
| EV/EBITDA Ratio | 13.97 | |||||
| EV/EBIT Ratio | 21.68 | |||||
| EV/FCF Ratio | 2.19 | |||||
| Debt / Equity Ratio | 0.73 | 0.55 | 0.48 | 0.36 | 0.47 | 0.41 |
| Debt / EBITDA Ratio | 6.56 | |||||
| Debt / FCF Ratio | 3.14 | |||||
| Net Debt / Equity Ratio | 0.35 | 0.28 | 0.11 | -0.03 | 0.13 | -0.10 |
| Net Debt / EBITDA Ratio | -2.12 | -2.44 | -0.67 | 0.44 | -0.95 | -1.97 |
| Net Debt / FCF Ratio | -2.30 | -1.10 | -0.24 | -0.43 | 1.03 | |
| Asset Turnover | 0.50 | 0.47 | 0.31 | 0.50 | 0.75 | 1.04 |
| Inventory Turnover | 2.38 | 2.47 | 1.59 | 2.24 | 3.00 | 4.01 |
| Quick Ratio | 0.48 | 0.54 | 0.88 | 1.42 | 1.07 | 1.20 |
| Current Ratio | 0.90 | 1.02 | 1.29 | 2.04 | 1.77 | 1.83 |
| Return on Equity (ROE) | -21.23% | -17.15% | -25.04% | -8.38% | -10.64% | 4.84% |
| Return on Assets (ROA) | -3.92% | -3.34% | -5.07% | -2.72% | -4.70% | 0.98% |
| Return on Invested Capital (ROIC) | -13.37% | -10.52% | -15.15% | -7.78% | -14.44% | 4.61% |
| Return on Capital Employed (ROCE) | -14.20% | -10.50% | -14.20% | -6.30% | -11.90% | 2.40% |
| Earnings Yield | -125.00% | -10.35% | -194.25% | -35.79% | -47.90% | 6.82% |
| FCF Yield | -80.14% | -6.77% | -66.16% | 47.31% | -131.08% | -13.79% |
| Buyback Yield / Dilution | 1.04% | 1.72% | -6.47% | 1.28% | 6.84% | -1.54% |