HUYA revenueFY2025CN¥6.50B
- FY YoY
- +7.0%
- 5Y CAGR
- -9.8%
HUYA revenue was CN¥6.50B for fiscal 2025 (ended Dec 31, 2025), up 7.0% from fiscal 2024. Compound annual growth was -9.8% over 5 years. It rose in 6 of the last 9 fiscal years.
HUYA Inc. (HUYA) financials
For fiscal 2025 (ended Dec 31, 2025), HUYA Inc. reported CN¥6.50B of revenue and -CN¥112.59M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2025
- CN¥6.50B
- Revenue growth, YoY
- +7.0%
- Net income, FY2025
- -CN¥112.59M
- Net margin
- -1.7%
- Free cash flow, FY2025
- -CN¥343.98M
- EPS, diluted, FY2025
- -CN¥0.49
- Cash
- CN¥692.66M
FY2016FY2025
FY2016FY2025
FY2016FY2025
HUYA revenue and earnings growth
HUYA net incomeFY2025-CN¥112.59M
HUYA net income was -CN¥112.59M for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥47.95M in fiscal 2024.
HUYA EPSFY2025-CN¥0.49
HUYA diluted EPS was -CN¥0.49 for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥0.21 in fiscal 2024.
HUYA free cash flowFY2025-CN¥343.98M
HUYA free cash flow was -CN¥343.98M for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥91.97M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.50B | CN¥6.08B | CN¥6.99B | CN¥9.26B | CN¥11.35B | CN¥10.91B | CN¥8.37B | CN¥4.66B | CN¥2.18B | CN¥796.90M |
| Cost of revenue | CN¥5.63B | CN¥5.27B | CN¥6.18B | CN¥8.61B | CN¥9.75B | CN¥8.65B | CN¥6.89B | CN¥3.93B | CN¥1.93B | CN¥1.09B |
| Gross profit | CN¥872.13M | CN¥809.45M | CN¥815.20M | CN¥653.63M | CN¥1.60B | CN¥2.27B | CN¥1.48B | CN¥729.79M | CN¥254.95M | -CN¥297.74M |
| Research and development | CN¥496.68M | CN¥512.64M | CN¥578.61M | CN¥684.45M | CN¥818.88M | CN¥734.26M | CN¥508.71M | CN¥265.15M | CN¥170.16M | CN¥188.33M |
| Selling, general and admin | CN¥308.88M | CN¥254.84M | CN¥320.84M | CN¥341.24M | CN¥326.77M | CN¥445.01M | CN¥352.82M | CN¥287.71M | CN¥102.00M | CN¥71.33M |
| Operating income | -CN¥162.50M | -CN¥189.58M | -CN¥443.59M | -CN¥736.24M | -CN¥30.17M | CN¥724.96M | CN¥261.38M | CN¥26.66M | -CN¥94.87M | -CN¥626.14M |
| Pre-tax income | -CN¥97.09M | -CN¥34.45M | -CN¥191.30M | -CN¥522.79M | CN¥259.52M | CN¥1.03B | CN¥567.03M | -CN¥2.10B | -CN¥80.82M | -CN¥625.63M |
| Income tax | CN¥12.81M | CN¥13.50M | CN¥13.21M | CN¥24.36M | CN¥55.23M | CN¥176.78M | CN¥96.08M | -CN¥50.94M | - | - |
| Net income | -CN¥112.59M | -CN¥47.95M | -CN¥204.52M | -CN¥547.67M | CN¥583.50M | CN¥884.16M | CN¥468.17M | -CN¥1.94B | -CN¥80.97M | -CN¥625.63M |
| EPS, basic | -CN¥0.49 | -CN¥0.21 | -CN¥0.84 | -CN¥2.27 | CN¥2.45 | CN¥3.89 | CN¥2.18 | -CN¥15.02 | -CN¥1.01 | -CN¥6.26 |
| EPS, diluted | -CN¥0.49 | -CN¥0.21 | -CN¥0.84 | -CN¥2.27 | CN¥2.41 | CN¥3.71 | CN¥2.02 | -CN¥15.02 | -CN¥1.01 | -CN¥6.26 |
| Diluted shares | 228.8M | 231.5M | 243.0M | 241.4M | 241.8M | 238.6M | 232.0M | 166.8M | 100.0M | 100.0M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | CN¥692.66M | CN¥1.19B | CN¥530.11M | CN¥698.14M | CN¥1.85B | CN¥3.46B | CN¥1.11B | CN¥709.02M | CN¥442.53M | CN¥6.19M |
| Short-term investments | - | - | CN¥0 | CN¥3.12M | CN¥816.33M | CN¥1.21B | CN¥2.22B | CN¥300.16M | CN¥0 | - |
| Receivables | CN¥238.57M | CN¥76.04M | CN¥64.26M | CN¥84.24M | CN¥88.03M | CN¥71.24M | CN¥61.71M | CN¥43.85M | CN¥29.85M | - |
| Current assets | CN¥4.91B | CN¥6.09B | CN¥8.15B | CN¥10.50B | CN¥11.92B | CN¥11.27B | CN¥10.59B | CN¥6.60B | CN¥1.25B | - |
| Goodwill | CN¥453.50M | CN¥463.80M | CN¥456.98M | CN¥449.36M | - | - | - | - | - | - |
| Total assets | CN¥6.70B | CN¥9.57B | CN¥12.92B | CN¥13.79B | CN¥13.25B | CN¥12.41B | CN¥11.37B | CN¥7.11B | CN¥1.30B | - |
| Current liabilities | CN¥1.73B | CN¥1.94B | CN¥2.16B | CN¥2.26B | CN¥2.58B | CN¥2.38B | CN¥2.45B | CN¥1.38B | CN¥685.65M | - |
| Total liabilities | CN¥1.78B | CN¥2.02B | CN¥2.30B | CN¥2.38B | CN¥2.74B | CN¥2.63B | CN¥2.68B | CN¥1.46B | CN¥730.67M | - |
| Shareholders' equity | CN¥4.92B | CN¥7.55B | CN¥10.62B | CN¥11.41B | CN¥10.51B | CN¥9.78B | CN¥8.68B | CN¥5.65B | CN¥60.20M | -CN¥164.39M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -CN¥176.15M | CN¥94.28M | -CN¥32.08M | -CN¥400.36M | CN¥327.45M | CN¥1.24B | CN¥1.95B | CN¥717.46M | CN¥242.44M | -CN¥420.45M |
| Capital expenditures | CN¥167.83M | CN¥186.26M | CN¥123.21M | CN¥156.35M | CN¥39.48M | CN¥54.41M | CN¥61.21M | CN¥74.80M | CN¥37.17M | CN¥3.0K |
| Free cash flow | -CN¥343.98M | -CN¥91.97M | -CN¥155.29M | -CN¥556.71M | CN¥287.97M | CN¥1.19B | CN¥1.88B | CN¥642.66M | CN¥205.28M | -CN¥420.45M |
| Investing cash flow | CN¥2.19B | CN¥3.68B | CN¥53.21M | -CN¥848.57M | -CN¥1.88B | CN¥1.00B | -CN¥3.68B | -CN¥4.57B | -CN¥559.56M | -CN¥96.14M |
| Financing cash flow | -CN¥2.50B | -CN¥3.10B | -CN¥202.29M | CN¥6.05M | CN¥10.72M | CN¥265.29M | CN¥2.13B | CN¥4.13B | CN¥774.45M | CN¥522.77M |
| Dividends paid | CN¥2.41B | CN¥2.86B | CN¥0 | CN¥0 | - | - | - | - | - | - |
| Share repurchases | CN¥90.34M | CN¥247.89M | CN¥202.42M | CN¥0 | CN¥0 | - | - | - | - | - |
| Stock-based compensation | CN¥73.59M | CN¥64.52M | CN¥78.27M | CN¥156.48M | CN¥289.70M | CN¥408.21M | CN¥281.74M | CN¥226.69M | CN¥40.11M | CN¥52.10M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 7.0% | -13.1% | -24.5% | -18.4% | 4.0% | 30.3% | 79.6% | 113.4% | 174.2% | - |
| Net income growth, YoY | - | - | - | - | -34.0% | 88.9% | - | - | - | - |
| EPS growth, YoY | - | - | - | - | -35.0% | 83.7% | - | - | - | - |
| Gross margin | 13.4% | 13.3% | 11.7% | 7.1% | 14.1% | 20.8% | 17.7% | 15.6% | 11.7% | -37.4% |
| Operating margin | -2.5% | -3.1% | -6.3% | -7.9% | -0.3% | 6.6% | 3.1% | 0.6% | -4.3% | -78.6% |
| Net margin | -1.7% | -0.8% | -2.9% | -5.9% | 5.1% | 8.1% | 5.6% | -41.6% | -3.7% | -78.5% |
| Free cash flow margin | -5.3% | -1.5% | -2.2% | -6.0% | 2.5% | 10.9% | 22.5% | 13.8% | 9.4% | -52.8% |
| Return on equity | -2.3% | -0.6% | -1.9% | -4.8% | 5.6% | 9.0% | 5.4% | -34.3% | -134.5% | - |
| Return on assets | -1.7% | -0.5% | -1.6% | -4.0% | 4.4% | 7.1% | 4.1% | -27.3% | -6.2% | - |
| Current ratio | 2.84 | 3.14 | 3.77 | 4.66 | 4.63 | 4.73 | 4.33 | 4.78 | 1.82 | - |
Source: XBRL data HUYA Inc. files with the SEC, latest filing dated Apr 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
HUYA peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HUYA | CN¥6.50B | +7.0% | -CN¥112.59M | -1.7% | $519.5M |
| BILI | CN¥30.35B | +13.1% | CN¥1.19B | 3.9% | $5.96B |
| IQ | CN¥27.29B | -6.6% | -CN¥206.31M | -0.8% | $878.1M |
| DOYU | CN¥3.82B | -10.6% | -CN¥29.08M | -0.8% | $116.2M |
HUYA FAQ
9 questionsWhat is HUYA revenue?
HUYA Inc. (HUYA) reported CN¥6.50B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 7.0% from the year before.Is HUYA profitable?
No. HUYA Inc. reported a net loss of CN¥112.59M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does HUYA have?
HUYA Inc. reported CN¥692.66M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is HUYA revenue growing?
HUYA Inc.'s revenue changed +7.0% in fiscal 2025, to CN¥6.50B. Its compound annual growth rate was -9.8% over 5 years.What is HUYA gross margin?
HUYA Inc.'s gross profit was CN¥872.13M on CN¥6.50B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 13.4%.What is HUYA free cash flow?
HUYA Inc. generated -CN¥343.98M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -CN¥176.15M less capital expenditures.What is HUYA earnings per share?
Diluted earnings per share were -CN¥0.49 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did HUYA last report financial results?
The latest statements here come from HUYA Inc.'s 20-F filed on Apr 27, 2026, covering the period ended Dec 31, 2025.Where does this HUYA financial data come from?
Quantisnow builds these statements from the structured XBRL data HUYA Inc. files with the SEC. It is provided for information only and is not investment advice.