Douyu International Holdings Financials

DOYU

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Douyu International Holdings has an operating margin of -13.4%, meaning the company retains $-13 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -3.0% the prior year.

Growth

Douyu International Holdings's revenue declined 24.9% year-over-year, from $778.9M to $585.1M. This contraction results in a growth score of 0/100.

Leverage

100

Douyu International Holdings carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.63, Douyu International Holdings holds $3.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Douyu International Holdings generated -$32.7M in operating cash flow, capex of $97K consumed most of it, leaving -$32.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Douyu International Holdings passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.78x

For every $1 of reported earnings, Douyu International Holdings generates $0.78 in operating cash flow (-$32.7M OCF vs -$42.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Douyu International Holdings (DOYU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$585.1M

YoY-24.9%

5Y CAGR-10.9%

Douyu International Holdings generated $585.1M in revenue in fiscal year 2024. This represents a decrease of 24.9% from the prior year.

EBITDA

-$70.0M

YoY-639.7%

Douyu International Holdings's EBITDA was -$70.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 639.7% from the prior year.

Free Cash Flow

-$32.8M

YoY-341.0%

Douyu International Holdings generated -$32.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 341.0% from the prior year.

Net Income

-$42.0M

YoY-940.2%

Douyu International Holdings reported -$42.0M in net income in fiscal year 2024. This represents a decrease of 940.2% from the prior year.

EPS (Diluted)

$-1.36

YoY-950.0%

Douyu International Holdings earned $-1.36 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 950.0% from the prior year.

Cash & Debt

$139.3M

YoY-77.7%

5Y CAGR-34.5%

Douyu International Holdings held $139.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

30M

YoY-5.6%

5Y CAGR-1.6%

Douyu International Holdings had 30M shares outstanding in fiscal year 2024. This represents a decrease of 5.6% from the prior year.

Gross Margin

7.6%

YoY-4.8pp

5Y CAGR-8.8pp

Douyu International Holdings's gross margin was 7.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 4.8 percentage points from the prior year.

Operating Margin

-13.4%

YoY-10.5pp

5Y CAGR-11.6pp

Douyu International Holdings's operating margin was -13.4% in fiscal year 2024, reflecting core business profitability. This is down 10.5 percentage points from the prior year.

Net Margin

-7.2%

YoY-7.8pp

5Y CAGR-7.6pp

Douyu International Holdings's net profit margin was -7.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$24.9M

YoY-36.2%

5Y CAGR-14.6%

Douyu International Holdings invested $24.9M in research and development in fiscal year 2024. This represents a decrease of 36.2% from the prior year.

Share Buybacks

$14.5M

5Y CAGR-2.6%

Douyu International Holdings spent $14.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$97K

YoY-86.6%

5Y CAGR-46.9%

Douyu International Holdings invested $97K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 86.6% from the prior year.

DOYU Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$585.1M-24.9%	$778.9M-24.4%	$1.0B-28.3%	$1.4B-2.3%	$1.5B+41.3%	$1.0B
Cost of Revenue	$540.7M-20.8%	$682.6M-23.0%	$887.0M-30.0%	$1.3B+2.8%	$1.2B+41.6%	$870.2M
Gross Profit	$44.4M-54.0%	$96.3M-32.9%	$143.6M-16.1%	$171.0M-28.5%	$239.1M+39.9%	$171.0M
R&D Expenses	$24.9M-36.2%	$39.0M-29.8%	$55.5M-27.8%	$76.9M+20.5%	$63.8M+16.3%	$54.9M
SG&A Expenses	$28.0M-16.4%	$33.5M-19.9%	$41.8M-29.2%	$59.0M+2.4%	$57.6M-9.7%	$63.8M
Operating Income	-$78.6M-240.1%	-$23.1M+19.9%	-$28.8M+71.7%	-$101.8M-353.4%	$40.2M+313.4%	-$18.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.1M+1301.9%	$151K-70.2%	$506K	N/A	N/A	N/A
Net Income	-$42.0M-940.2%	$5.0M+138.2%	-$13.1M+86.5%	-$97.3M-256.9%	$62.0M+1201.2%	$4.8M
EPS (Diluted)	$-1.36-950.0%	$0.16+147.1%	$-0.34+87.9%	$-2.81-224.9%	$2.25+1150.0%	$0.18

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

DOYU Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$746.1M-34.4%	$1.1B-3.7%	$1.2B-7.7%	$1.3B-6.2%	$1.4B+4.9%	$1.3B
Current Assets	$612.3M-35.0%	$941.6M-8.2%	$1.0B-9.5%	$1.1B-7.9%	$1.2B+0.1%	$1.2B
Cash & Equivalents	$139.3M-77.7%	$625.4M+6.7%	$586.0M-16.2%	$699.3M-13.6%	$809.2M-30.0%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$6.7M-35.0%	$10.3M-34.6%	$15.8M-47.3%	$30.0M-1.9%	$30.6M+13.8%	$26.9M
Goodwill	N/A	N/A	$2.0M+0.9%	$2.0M+0.1%	$2.0M-55.2%	$4.4M
Total Liabilities	$169.4M-13.0%	$194.8M-15.2%	$229.8M-22.9%	$297.9M+0.7%	$295.9M+12.5%	$263.1M
Current Liabilities	$168.8M-12.9%	$193.8M-14.2%	$226.0M-22.1%	$290.1M+0.6%	$288.6M+12.5%	$256.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$576.8M-38.8%	$942.2M-0.9%	$951.2M-3.1%	$982.1M-7.6%	$1.1B+2.7%	$1.0B
Retained Earnings	-$519.5M-5.8%	-$490.9M+3.8%	-$510.4M+5.6%	-$540.6M-23.2%	-$438.8M+8.3%	-$478.7M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$746.1M-34.4%	$1.1B-3.7%	$1.2B-7.7%	$1.3B-6.2%	$1.4B+4.9%	$1.3B
Current Assets	$612.3M-35.0%	$941.6M-8.2%	$1.0B-9.5%	$1.1B-7.9%	$1.2B+0.1%	$1.2B
Cash & Equivalents	$139.3M-77.7%	$625.4M+6.7%	$586.0M-16.2%	$699.3M-13.6%	$809.2M-30.0%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$6.7M-35.0%	$10.3M-34.6%	$15.8M-47.3%	$30.0M-1.9%	$30.6M+13.8%	$26.9M
Goodwill	N/A	N/A	$2.0M+0.9%	$2.0M+0.1%	$2.0M-55.2%	$4.4M
Total Liabilities	$169.4M-13.0%	$194.8M-15.2%	$229.8M-22.9%	$297.9M+0.7%	$295.9M+12.5%	$263.1M
Current Liabilities	$168.8M-12.9%	$193.8M-14.2%	$226.0M-22.1%	$290.1M+0.6%	$288.6M+12.5%	$256.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$576.8M-38.8%	$942.2M-0.9%	$951.2M-3.1%	$982.1M-7.6%	$1.1B+2.7%	$1.0B
Retained Earnings	-$519.5M-5.8%	-$490.9M+3.8%	-$510.4M+5.6%	-$540.6M-23.2%	-$438.8M+8.3%	-$478.7M

DOYU Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$32.7M-387.2%	-$6.7M+31.7%	-$9.8M+89.3%	-$92.0M-189.9%	$102.3M-12.0%	$116.2M
Capital Expenditures	$97K-86.6%	$726K-15.0%	$855K-20.8%	$1.1M-62.8%	$2.9M+26.3%	$2.3M
Free Cash Flow	-$32.8M-341.0%	-$7.4M+30.4%	-$10.7M+88.5%	-$93.1M-193.6%	$99.4M-12.7%	$114.0M
Investing Cash Flow	-$147.2M-352.3%	$58.3M+166.1%	-$88.2M-2839.6%	-$3.0M+99.3%	-$400.4M-1037.2%	-$35.2M
Financing Cash Flow	-$302.4M-222319216.9%	-$136+100.0%	-$15.8M+6.0%	-$16.8M+77.1%	-$73.4M-127.1%	$271.1M
Dividends Paid	$287.9M	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$14.5M	N/A	$15.8M-6.0%	$16.8M-81.1%	$88.9M+439.3%	$16.5M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

DOYU Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	7.6%-4.8pp	12.4%-1.6pp	13.9%+2.0pp	11.9%-4.4pp	16.3%-0.2pp	16.4%
Operating Margin	-13.4%-10.5pp	-3.0%-0.2pp	-2.8%+4.3pp	-7.1%-9.8pp	2.7%+4.5pp	-1.8%
Net Margin	-7.2%-7.8pp	0.6%+1.9pp	-1.3%+5.5pp	-6.8%-11.0pp	4.2%+3.8pp	0.5%
Return on Equity	N/A	0.5%	N/A	N/A	5.8%+5.4pp	0.5%
Return on Assets	-5.6%-6.1pp	0.4%+1.6pp	-1.1%+6.5pp	-7.6%-12.1pp	4.5%+4.2pp	0.4%
Current Ratio	3.63-1.2	4.86+0.3	4.54+0.6	3.91-0.4	4.27-0.5	4.79
Debt-to-Equity	0.29+0.1	0.21-0.0	0.24-0.1	0.30+0.0	0.28+0.0	0.25
FCF Margin	-5.6%-4.7pp	-1.0%+0.1pp	-1.0%+5.4pp	-6.5%-13.2pp	6.8%-4.2pp	10.9%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	3.63-1.2	4.86+0.3	4.54+0.6	3.91-0.4	4.27-0.5	4.79
Debt-to-Equity	0.29+0.1	0.21-0.0	0.24-0.1	0.30+0.0	0.28+0.0	0.25
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Douyu International Holdings's annual revenue?

Douyu International Holdings (DOYU) reported $585.1M in total revenue for fiscal year 2024. This represents a -24.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Douyu International Holdings's revenue growing?

Douyu International Holdings (DOYU) revenue declined by 24.9% year-over-year, from $778.9M to $585.1M in fiscal year 2024.

Is Douyu International Holdings profitable?

No, Douyu International Holdings (DOYU) reported a net income of -$42.0M in fiscal year 2024, with a net profit margin of -7.2%.

What is Douyu International Holdings's earnings per share (EPS)?

Douyu International Holdings (DOYU) reported diluted earnings per share of $-1.36 for fiscal year 2024. This represents a -950.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Douyu International Holdings's EBITDA?

Douyu International Holdings (DOYU) had EBITDA of -$70.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Douyu International Holdings's gross margin?

Douyu International Holdings (DOYU) had a gross margin of 7.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Douyu International Holdings's operating margin?

Douyu International Holdings (DOYU) had an operating margin of -13.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Douyu International Holdings's net profit margin?

Douyu International Holdings (DOYU) had a net profit margin of -7.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Douyu International Holdings's free cash flow?

Douyu International Holdings (DOYU) generated -$32.8M in free cash flow during fiscal year 2024. This represents a -341.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Douyu International Holdings's operating cash flow?

Douyu International Holdings (DOYU) generated -$32.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Douyu International Holdings's total assets?

Douyu International Holdings (DOYU) had $746.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Douyu International Holdings's capital expenditures?

Douyu International Holdings (DOYU) invested $97K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Douyu International Holdings spend on research and development?

Douyu International Holdings (DOYU) invested $24.9M in research and development during fiscal year 2024.

Does Douyu International Holdings buy back shares?

Yes, Douyu International Holdings (DOYU) spent $14.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Douyu International Holdings have outstanding?

Douyu International Holdings (DOYU) had 30M shares outstanding as of fiscal year 2024.

What is Douyu International Holdings's current ratio?

Douyu International Holdings (DOYU) had a current ratio of 3.63 as of fiscal year 2024, which is generally considered healthy.

What is Douyu International Holdings's debt-to-equity ratio?

Douyu International Holdings (DOYU) had a debt-to-equity ratio of 0.29 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Douyu International Holdings's return on assets (ROA)?

Douyu International Holdings (DOYU) had a return on assets of -5.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Douyu International Holdings's cash runway?

Based on fiscal year 2024 data, Douyu International Holdings (DOYU) had $139.3M in cash against an annual operating cash burn of $32.7M. This gives an estimated cash runway of approximately 51 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Douyu International Holdings's Piotroski F-Score?

Douyu International Holdings (DOYU) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Douyu International Holdings's earnings high quality?

Douyu International Holdings (DOYU) has an earnings quality ratio of 0.78x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Douyu International Holdings?

Douyu International Holdings (DOYU) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.