IQ · XBRL financial data
iQIYI financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (IQ's year ends in late December)
| In millions of CNY | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 29,707 | 30,554 | 28,998 | 31,873 | 29,225 | 27,291 |
| Cost of goods and services sold | 27,884 | 27,513 | 22,319 | 23,102 | 21,954 | 21,542 |
| Research and development | 2,675 | 2,795 | 1,899 | 1,767 | 1,778 | 1,663 |
| Selling, general and administrative | 5,188 | 4,725 | 3,467 | 4,014 | 3,682 | 3,857 |
| Operating income (loss) | (6,041) | (4,479) | 1,312 | 2,989 | 1,811 | 229 |
| Interest income | 157 | 119 | 70 | 257 | 272 | 334 |
| Interest expense | 1,066 | 1,350 | 715 | 1,130 | 1,062 | 910 |
| Other income (expense) | 147 | 90 | (319) | 73 | (90) | 45 |
| Income tax expense (benefit) | 23 | 97 | 84 | 80 | 61 | 145 |
| Net income (loss) | (7,038) | (6,170) | (136) | 1,925 | 764 | (206) |
Balance sheet
CSVFiscal years (IQ's year ends in late December)
| In millions of CNY | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 10,915 | 2,997 | 7,098 | 4,435 | 3,530 | 4,354 |
| Short-term investments | 3,358 | 1,348 | 818 | 942 | 942 | 315 |
| Marketable securities, non-current | — | — | 485 | 466 | 789 | 603 |
| Accounts receivable | 3,344 | 2,748 | 2,403 | 2,169 | 2,191 | 2,523 |
| Prepaid and other current assets | 3,516 | 3,267 | 2,603 | 2,794 | 2,193 | 2,406 |
| Total current assets | 22,290 | 11,524 | 13,786 | 12,635 | 9,527 | 10,290 |
| Property and equipment, net | 1,393 | 1,345 | 1,105 | 864 | 878 | 903 |
| Right-of-use asset | 1,002 | 907 | 674 | 684 | 610 | 490 |
| Goodwill | 3,888 | 3,888 | 3,826 | 3,821 | 3,821 | 3,821 |
| Total assets | 48,185 | 42,472 | 46,048 | 44,594 | 45,761 | 46,682 |
| Accrued liabilities | 2,262 | 2,280 | 1,840 | 1,910 | 1,899 | 1,948 |
| Current portion of long-term debt | — | — | — | 2 | 168 | 738 |
| Total current liabilities | 24,855 | 22,476 | 28,130 | 22,342 | 21,477 | 22,067 |
| Lease liability, non-current | 768 | 626 | 509 | 524 | 462 | 340 |
| Total liabilities | 38,741 | 36,799 | 39,705 | 32,409 | 32,387 | 33,373 |
| Accumulated deficit | (40,974) | (47,164) | (46,499) | (44,573) | (43,809) | (44,016) |
| Total liabilities and equity | 48,185 | 42,472 | 46,048 | 44,594 | 45,761 | 46,682 |
Cash flows
CSVFiscal years (IQ's year ends in late December)
| In millions of CNY | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (7,038) | (6,170) | (136) | 1,925 | 764 | (206) |
| Stock-based compensation | 1,370 | 1,219 | 811 | 637 | 544 | 403 |
| Net cash from operating activities | (5,411) | (5,952) | (71) | 3,352 | 2,110 | 106 |
| Purchases of property and equipment | 241 | 262 | 174 | 37 | 79 | 96 |
| Net cash from investing activities | 159 | 1,262 | 266 | (1,740) | (2,445) | (327) |
| Proceeds from issuing common stock | 4,457 | 500 | 0 | 3,391 | 0 | 0 |
| Net cash from financing activities | 9,374 | (2,959) | 4,469 | (4,285) | (1,370) | 1,064 |
| Net change in cash | 4,031 | (7,866) | 4,787 | (2,581) | (1,690) | 787 |
Compare with peers
SIC 7841 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7841 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| iQIYI | 4,354 | year only | year only | not reported | — | 20-FDec 31, 2025 |
| Cineverse | 4.3 | 31 | (1) | 23.8M | 4.3 quarters | 10-QJun 30, 2026 |
| FrankSpeech Network | 0 | year only | year only | 4.4B | — | 10-QDec 31, 2018 |
| Netflix | 8,194 | 12,874 | 3,162 | 4.1B | — | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.
Data on this page was fetched . The filing on SEC.gov is the record.