YI revenueFY2025CN¥12.56B
- FY YoY
- -12.8%
- 5Y CAGR
- +8.9%
YI revenue was CN¥12.56B for fiscal 2025 (ended Dec 31, 2025), down 12.8% from fiscal 2024. Compound annual growth was +8.9% over 5 years. It rose in 7 of the last 9 fiscal years.
Financials · YI
111 Inc. (YI) financials
For fiscal 2025 (ended Dec 31, 2025), 111 Inc. reported CN¥12.56B of revenue and -CN¥66.39M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2025
- CN¥12.56B
- Revenue growth, YoY
- -12.8%
- Net income, FY2025
- -CN¥66.39M
- Net margin
- -0.5%
- Free cash flow, FY2025
- CN¥114.69M
- EPS, diluted, FY2025
- -CN¥0.38
- Cash
- CN¥510.97M
FY2016FY2025
FY2016FY2025
FY2016FY2025
YI revenue and earnings growth
YI net incomeFY2025-CN¥66.39M
YI net income was -CN¥66.39M for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥64.74M in fiscal 2024.
YI EPSFY2025-CN¥0.38
YI diluted EPS was -CN¥0.38 for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥0.38 in fiscal 2024.
YI free cash flowFY2025CN¥114.69M
- FY YoY
- -53.7%
YI free cash flow was CN¥114.69M for fiscal 2025 (ended Dec 31, 2025), down 53.7% from 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¥12.56B | CN¥14.40B | CN¥14.95B | CN¥13.52B | CN¥12.43B | CN¥8.20B | CN¥3.95B | CN¥1.79B | CN¥959.49M | CN¥873.84M |
| Cost of revenue | CN¥11.83B | CN¥13.57B | CN¥14.10B | CN¥12.68B | CN¥11.80B | CN¥7.84B | CN¥3.79B | CN¥73.93M | CN¥55.88M | - |
| Gross profit | CN¥723.41M | CN¥829.23M | CN¥848.98M | CN¥839.98M | CN¥621.10M | CN¥365.83M | CN¥165.18M | CN¥104.27M | CN¥80.50M | CN¥74.13M |
| Selling, general and admin | CN¥69.46M | CN¥70.91M | CN¥224.20M | CN¥205.62M | CN¥206.98M | CN¥128.23M | CN¥123.50M | CN¥98.76M | CN¥53.43M | CN¥60.84M |
| Operating income | -CN¥2.38M | CN¥2.11M | -CN¥350.10M | -CN¥371.00M | -CN¥642.14M | -CN¥473.31M | -CN¥493.51M | -CN¥400.38M | -CN¥254.02M | -CN¥364.28M |
| Interest expense | CN¥35.57M | CN¥28.33M | CN¥20.14M | CN¥13.44M | CN¥5.49M | CN¥8.82M | CN¥3.62M | - | CN¥55.0K | CN¥751.0K |
| Pre-tax income | -CN¥22.50M | -CN¥20.68M | -CN¥353.18M | -CN¥376.07M | -CN¥621.02M | -CN¥467.11M | -CN¥501.83M | -CN¥382.03M | -CN¥249.33M | -CN¥363.45M |
| Income tax | CN¥13.0K | CN¥96.0K | CN¥251.0K | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥8.0K | - | - |
| Net income | -CN¥66.39M | -CN¥64.74M | -CN¥392.69M | -CN¥416.88M | -CN¥669.81M | -CN¥456.53M | -CN¥499.61M | -CN¥380.09M | -CN¥248.58M | -CN¥363.45M |
| EPS, basic | -CN¥0.38 | -CN¥0.38 | -CN¥2.33 | -CN¥2.50 | -CN¥4.04 | -CN¥2.77 | -CN¥3.05 | -CN¥3.82 | -CN¥3.45 | -CN¥5.81 |
| EPS, diluted | -CN¥0.38 | -CN¥0.38 | -CN¥2.33 | -CN¥2.50 | -CN¥4.04 | -CN¥2.77 | -CN¥3.05 | -CN¥3.82 | -CN¥3.45 | -CN¥5.81 |
| Diluted shares | 174.0M | 171.8M | 168.6M | 166.6M | 165.9M | 164.8M | 163.7M | 99.5M | 72.0M | 72.0M |
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¥510.97M | CN¥462.29M | CN¥603.52M | CN¥716.79M | CN¥760.67M | CN¥1.32B | CN¥697.72M | CN¥853.74M | CN¥167.66M | CN¥373.50M |
| Receivables | CN¥259.69M | CN¥413.10M | CN¥536.82M | CN¥488.88M | CN¥404.47M | CN¥163.09M | CN¥65.25M | CN¥28.57M | CN¥20.40M | CN¥28.39M |
| Inventory | CN¥998.47M | CN¥1.39B | CN¥1.42B | CN¥1.50B | CN¥1.12B | CN¥766.53M | CN¥486.27M | CN¥210.84M | CN¥144.06M | - |
| Current assets | CN¥2.12B | CN¥2.65B | CN¥2.93B | CN¥3.24B | CN¥2.80B | CN¥2.87B | CN¥1.48B | CN¥1.51B | CN¥730.47M | - |
| Total assets | CN¥2.20B | CN¥2.79B | CN¥3.09B | CN¥3.47B | CN¥3.15B | CN¥3.03B | CN¥1.61B | CN¥1.55B | CN¥763.38M | - |
| Current liabilities | CN¥1.95B | CN¥2.34B | CN¥2.75B | CN¥2.73B | CN¥2.13B | CN¥1.63B | CN¥773.42M | CN¥314.52M | CN¥201.16M | - |
| Short-term debt | CN¥187.63M | CN¥160.98M | CN¥338.07M | CN¥178.99M | CN¥259.66M | CN¥229.25M | CN¥95.08M | - | - | - |
| Total liabilities | CN¥1.99B | CN¥2.41B | CN¥2.81B | CN¥2.83B | CN¥2.30B | CN¥1.70B | CN¥836.37M | CN¥322.65M | CN¥201.16M | - |
| Shareholders' equity | -CN¥702.23M | -CN¥642.64M | -CN¥594.72M | -CN¥408.70M | -CN¥152.15M | CN¥406.40M | CN¥773.92M | CN¥1.22B | -CN¥944.70M | -CN¥688.00M |
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¥119.14M | CN¥263.02M | -CN¥447.24M | -CN¥23.15M | -CN¥688.84M | -CN¥116.78M | -CN¥512.38M | -CN¥343.02M | -CN¥204.37M | -CN¥388.65M |
| Capital expenditures | CN¥4.45M | CN¥15.20M | CN¥9.82M | CN¥31.57M | CN¥62.59M | CN¥25.50M | CN¥20.03M | CN¥14.44M | CN¥6.80M | CN¥5.35M |
| Free cash flow | CN¥114.69M | CN¥247.82M | -CN¥457.07M | -CN¥54.73M | -CN¥751.43M | -CN¥142.28M | -CN¥532.41M | -CN¥357.46M | -CN¥211.17M | -CN¥393.99M |
| Investing cash flow | -CN¥53.72M | CN¥37.38M | CN¥151.74M | -CN¥47.17M | CN¥60.14M | -CN¥324.67M | CN¥237.68M | CN¥44.45M | -CN¥36.13M | -CN¥267.55M |
| Financing cash flow | -CN¥21.19M | -CN¥406.24M | CN¥205.98M | CN¥22.73M | CN¥74.34M | CN¥1.07B | CN¥108.99M | CN¥972.70M | CN¥49.50M | CN¥148.42M |
| Share repurchases | - | - | - | - | CN¥5.89M | CN¥11.98M | CN¥22.99M | - | - | - |
| Stock-based compensation | CN¥10.05M | CN¥20.15M | CN¥226.69M | CN¥162.07M | CN¥145.59M | CN¥75.69M | CN¥54.28M | CN¥51.36M | CN¥9.92M | CN¥3.44M |
| Depreciation and amortization | CN¥11.84M | CN¥16.97M | CN¥21.78M | CN¥40.82M | CN¥27.22M | CN¥14.02M | CN¥11.67M | CN¥11.27M | CN¥14.82M | CN¥12.06M |
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 | -12.8% | -3.7% | 10.6% | 8.8% | 51.5% | 107.6% | 121.3% | 86.1% | 9.8% | - |
| Gross margin | 5.8% | 5.8% | 5.7% | 6.2% | 5.0% | 4.5% | 4.2% | 5.8% | 8.4% | 8.5% |
| Operating margin | -0.0% | 0.0% | -2.3% | -2.7% | -5.2% | -5.8% | -12.5% | -22.4% | -26.5% | -41.7% |
| Net margin | -0.5% | -0.4% | -2.6% | -3.1% | -5.4% | -5.6% | -12.6% | -21.3% | -25.9% | -41.6% |
| Free cash flow margin | 0.9% | 1.7% | -3.1% | -0.4% | -6.0% | -1.7% | -13.5% | -20.0% | -22.0% | -45.1% |
| Return on equity | - | - | - | - | - | -112.3% | -64.6% | -31.1% | - | - |
| Return on assets | -3.0% | -2.3% | -12.7% | -12.0% | -21.3% | -15.1% | -31.0% | -24.6% | -32.6% | - |
| Current ratio | 1.09 | 1.13 | 1.07 | 1.19 | 1.32 | 1.76 | 1.92 | 4.79 | 3.63 | - |
Source: XBRL data 111 Inc. files with the SEC, latest filing dated Apr 30, 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.
YI peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| YI | CN¥12.56B | -12.8% | -CN¥66.39M | -0.5% | $26.2M |
| CVS | $420.61B | +6.7% | $11.07B | 2.6% | $104.02B |
| GRDN | $1.46B | +4.9% | $74.77M | 5.1% | $2.53B |
| PETS | $168.86M | -20.3% | -$29.28M | -17.3% | $26.9M |
| RDGT | $132.16M | +10.2% | -$1.25M | -0.9% | $2.7M |
YI FAQ
9 questionsWhat is YI revenue?
111 Inc. (YI) reported CN¥12.56B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 12.8% from the year before.Is YI profitable?
No. 111 Inc. reported a net loss of CN¥66.39M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does YI have?
111 Inc. reported CN¥510.97M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is YI revenue growing?
111 Inc.'s revenue changed -12.8% in fiscal 2025, to CN¥12.56B. Its compound annual growth rate was +8.9% over 5 years.What is YI gross margin?
111 Inc.'s gross profit was CN¥723.41M on CN¥12.56B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 5.8%.What is YI free cash flow?
111 Inc. generated CN¥114.69M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of CN¥119.14M less capital expenditures.What is YI earnings per share?
Diluted earnings per share were -CN¥0.38 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did YI last report financial results?
The latest statements here come from 111 Inc.'s 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.Where does this YI financial data come from?
Quantisnow builds these statements from the structured XBRL data 111 Inc. files with the SEC. It is provided for information only and is not investment advice.