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

Douyu International Holdings (DOYU) reported diluted earnings per share of $-0.14 for fiscal year 2025. This represents a 89.7% 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.

Douyu International Holdings Financials

DOYU

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Douyu International Holdings (DOYU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Rhea AI DOYU FY2025 2026-04-22

DouYu’s near-break-even rebound came from cost compression and margin repair, while the balance sheet was reshaped by a large cash distribution.

Between FY2024 and FY2025, gross margin recovered to 12.8% and operating income edged above zero, yet operating cash flow stayed negative at -$7.5M. That combination points to a cost-led recovery rather than renewed demand: revenue still slipped in FY2025, and the business remained cash-consuming even after reported margins improved.

The biggest balance-sheet shift was not operating performance but capital distribution: despite a $307.6M dividend-related financing outflow, cash rose to $251.6M because investing activities released cash and total assets shrank sharply. FY2025 therefore looks less like expansion and more like a deliberate move to a smaller balance-sheet footprint while keeping liquidity intact.

Overhead and development spend fell to about $37.0M from roughly $52.9M a year earlier, which explains why operating results improved even as sales continued to contract. Liquidity still looks workable with a current ratio of 2.3x, but debt to equity rose to 0.6x because the payout thinned the equity cushion rather than because borrowings surged.

Financial Health Signals

Financial Health Score 36/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Douyu International Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Douyu International Holdings has an operating margin of 0.1%, meaning the company retains $0 of operating profit per $100 of revenue. This results in a moderate score of 31/100, indicating healthy but not exceptional operating efficiency. This is up from -13.4% the prior year.

Growth

Douyu International Holdings's revenue declined 6.7% year-over-year, from $585.1M to $546.1M. This contraction results in a growth score of 7/100.

Leverage

Douyu International Holdings has a moderate D/E ratio of 0.57. This balance of debt and equity financing earns a leverage score of 57/100.

Liquidity

With a current ratio of 2.33, Douyu International Holdings holds $2.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.

Cash Flow

While Douyu International Holdings generated -$7.5M in operating cash flow, capex of $42K consumed most of it, leaving -$7.5M in free cash flow. This results in a low score of 23/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Douyu International Holdings's ROE of -1.5% shows moderate profitability relative to equity, earning a score of 30/100. This is up from -7.3% the prior year.

Altman Z-Score Distress

0.61

Douyu International Holdings scores 0.61, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($139.1M) relative to total liabilities ($162.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Douyu International Holdings passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

1.80x

For every $1 of reported earnings, Douyu International Holdings generates $1.80 in operating cash flow (-$7.5M OCF vs -$4.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$546.1M

YoY-6.7%

5Y CAGR-18.0%

Douyu International Holdings generated $546.1M in revenue in fiscal year 2025. This represents a decrease of 6.7% from the prior year.

EBITDA

$5.2M

YoY+107.4%

5Y CAGR-38.1%

Douyu International Holdings's EBITDA was $5.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 107.4% from the prior year.

Net Income

-$4.2M

YoY+90.1%

Douyu International Holdings reported -$4.2M in net income in fiscal year 2025. This represents an increase of 90.1% from the prior year.

EPS (Diluted)

$-0.14

YoY+89.7%

Douyu International Holdings earned $-0.14 per diluted share (EPS) in fiscal year 2025. This represents an increase of 89.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$7.5M

YoY+77.1%

Douyu International Holdings generated -$7.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 77.1% from the prior year.

Cash & Debt

$251.6M

YoY+80.5%

5Y CAGR-20.8%

Douyu International Holdings held $251.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

30M

YoY+0.0%

5Y CAGR-1.3%

Douyu International Holdings had 30M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

12.8%

YoY+5.2pp

5Y CAGR-3.4pp

Douyu International Holdings's gross margin was 12.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.2 percentage points from the prior year.

Operating Margin

0.1%

YoY+13.6pp

5Y CAGR-2.6pp

Douyu International Holdings's operating margin was 0.1% in fiscal year 2025, reflecting core business profitability. This is up 13.6 percentage points from the prior year.

Net Margin

-0.8%

YoY+6.4pp

5Y CAGR-5.0pp

Douyu International Holdings's net profit margin was -0.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.4 percentage points from the prior year.

Return on Equity

-1.5%

YoY+5.8pp

5Y CAGR-7.3pp

Douyu International Holdings's ROE was -1.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.8 percentage points from the prior year.

Capital Allocation

R&D Spending

$17.3M

YoY-30.4%

5Y CAGR-23.0%

Douyu International Holdings invested $17.3M in research and development in fiscal year 2025. This represents a decrease of 30.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$42K

YoY-57.2%

5Y CAGR-57.2%

Douyu International Holdings invested $42K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 57.2% from the prior year.

DOYU Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$546.1M-6.7%	$585.1M-24.9%	$778.9M-24.4%	$1.0B-28.3%	$1.4B-2.3%	$1.5B
Cost of Revenue	$476.1M-12.0%	$540.7M-20.8%	$682.6M-23.0%	$887.0M-30.0%	$1.3B+2.8%	$1.2B
Gross Profit	$70.0M+57.8%	$44.4M-54.0%	$96.3M-32.9%	$143.6M-16.1%	$171.0M-28.5%	$239.1M
R&D Expenses	$17.3M-30.4%	$24.9M-36.2%	$39.0M-29.8%	$55.5M-27.8%	$76.9M+20.5%	$63.8M
SG&A Expenses	$19.7M-29.7%	$28.0M-16.4%	$33.5M-19.9%	$41.8M-29.2%	$59.0M+2.4%	$57.6M
Operating Income	$680K+100.9%	-$78.6M-240.1%	-$23.1M+19.9%	-$28.8M+71.7%	-$101.8M-353.4%	$40.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$4.1M+92.5%	$2.1M+1301.9%	$151K-70.2%	$506K	N/A	N/A
Net Income	-$4.2M+90.1%	-$42.0M-940.2%	$5.0M+138.2%	-$13.1M+86.5%	-$97.3M-256.9%	$62.0M
EPS (Diluted)	$-0.14+89.7%	$-1.36-950.0%	$0.16+147.1%	$-0.34+87.9%	$-2.81-224.9%	$2.25

Metric	Q4'25	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	N/A
Cost of Revenue	N/A	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	N/A
R&D Expenses	N/A	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	N/A
Operating Income	N/A	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	N/A
Income Tax	N/A	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	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DOYU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$446.1M-40.2%	$746.1M-34.4%	$1.1B-3.7%	$1.2B-7.7%	$1.3B-6.2%	$1.4B
Current Assets	$376.4M-38.5%	$612.3M-35.0%	$941.6M-8.2%	$1.0B-9.5%	$1.1B-7.9%	$1.2B
Cash & Equivalents	$251.6M+80.5%	$139.3M-77.7%	$625.4M+6.7%	$586.0M-16.2%	$699.3M-13.6%	$809.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$11.1M+65.1%	$6.7M-35.0%	$10.3M-34.6%	$15.8M-47.3%	$30.0M-1.9%	$30.6M
Goodwill	N/A	N/A	N/A	$2.0M+0.9%	$2.0M+0.1%	$2.0M
Total Liabilities	$162.0M-4.4%	$169.4M-13.0%	$194.8M-15.2%	$229.8M-22.9%	$297.9M+0.7%	$295.9M
Current Liabilities	$161.8M-4.2%	$168.8M-12.9%	$193.8M-14.2%	$226.0M-22.1%	$290.1M+0.6%	$288.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$284.2M-50.7%	$576.8M-38.8%	$942.2M-0.9%	$951.2M-3.1%	$982.1M-7.6%	$1.1B
Retained Earnings	-$546.4M-5.2%	-$519.5M-5.8%	-$490.9M+3.8%	-$510.4M+5.6%	-$540.6M-23.2%	-$438.8M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$446.1M-40.2%	$746.1M-34.4%	$1.1B-3.7%	$1.2B-7.7%	$1.3B-6.2%	$1.4B+4.9%	$1.3B
Current Assets	$376.4M-38.5%	$612.3M-35.0%	$941.6M-8.2%	$1.0B-9.5%	$1.1B-7.9%	$1.2B+0.1%	$1.2B
Cash & Equivalents	$251.6M+80.5%	$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	N/A
Accounts Receivable	$11.1M+65.1%	$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	N/A	$2.0M+0.9%	$2.0M+0.1%	$2.0M-55.2%	$4.4M
Total Liabilities	$162.0M-4.4%	$169.4M-13.0%	$194.8M-15.2%	$229.8M-22.9%	$297.9M+0.7%	$295.9M+12.5%	$263.1M
Current Liabilities	$161.8M-4.2%	$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	N/A
Total Equity	$284.2M-50.7%	$576.8M-38.8%	$942.2M-0.9%	$951.2M-3.1%	$982.1M-7.6%	$1.1B+2.7%	$1.0B
Retained Earnings	-$546.4M-5.2%	-$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	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$7.5M+77.2%	-$32.7M-387.2%	-$6.7M+31.7%	-$9.8M+89.3%	-$92.0M-189.9%	$102.3M
Capital Expenditures	$42K-57.2%	$97K-86.6%	$726K-15.0%	$855K-20.8%	$1.1M-62.8%	$2.9M
Free Cash Flow	-$7.5M+77.1%	-$32.8M-341.0%	-$7.4M+30.4%	-$10.7M+88.5%	-$93.1M-193.6%	$99.4M
Investing Cash Flow	$425.0M+388.7%	-$147.2M-352.3%	$58.3M+166.1%	-$88.2M-2839.6%	-$3.0M+99.3%	-$400.4M
Financing Cash Flow	-$307.6M-1.7%	-$302.4M-222319216.9%	-$136+100.0%	-$15.8M+6.0%	-$16.8M+77.1%	-$73.4M
Dividends Paid	$307.6M+6.8%	$287.9M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$14.5M	N/A	$15.8M-6.0%	$16.8M-81.1%	$88.9M

Metric	Q4'25	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	N/A
Capital Expenditures	N/A	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	N/A
Investing Cash Flow	N/A	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	N/A
Dividends Paid	N/A	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	N/A

DOYU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	12.8%+5.2pp	7.6%-4.8pp	12.4%-1.6pp	13.9%+2.0pp	11.9%-4.4pp	16.3%
Operating Margin	0.1%+13.6pp	-13.4%-10.5pp	-3.0%-0.2pp	-2.8%+4.3pp	-7.1%-9.8pp	2.7%
Net Margin	-0.8%+6.4pp	-7.2%-7.8pp	0.6%+1.9pp	-1.3%+5.5pp	-6.8%-11.0pp	4.2%
Return on Equity	-1.5%+5.8pp	-7.3%-7.8pp	0.5%+1.9pp	-1.4%+8.5pp	-9.9%-15.7pp	5.8%
Return on Assets	-0.9%+4.7pp	-5.6%-6.1pp	0.4%+1.6pp	-1.1%+6.5pp	-7.6%-12.1pp	4.5%
Current Ratio	2.33-1.3	3.63-1.2	4.86+0.3	4.54+0.6	3.91-0.4	4.27
Debt-to-Equity	0.57+0.3	0.29+0.1	0.21-0.0	0.24-0.1	0.30+0.0	0.28
FCF Margin	-1.4%+4.2pp	-5.6%-4.7pp	-1.0%+0.1pp	-1.0%+5.4pp	-6.5%-13.2pp	6.8%

Metric	Q4'25	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	N/A
Operating Margin	N/A	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	N/A
Return on Equity	N/A	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	N/A
Current Ratio	2.33-1.3	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	0.57+0.3	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	N/A

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Frequently Asked Questions

What is Douyu International Holdings's annual revenue?

Douyu International Holdings (DOYU) reported $546.1M in total revenue for fiscal year 2025. This represents a -6.7% 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 6.7% year-over-year, from $585.1M to $546.1M in fiscal year 2025.

Is Douyu International Holdings profitable?

No, Douyu International Holdings (DOYU) reported a net income of -$4.2M in fiscal year 2025, with a net profit margin of -0.8%.

What is Douyu International Holdings's EBITDA?

Douyu International Holdings (DOYU) had EBITDA of $5.2M in fiscal year 2025, 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 12.8% in fiscal year 2025, 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 0.1% in fiscal year 2025, 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 -0.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Douyu International Holdings's return on equity (ROE)?

Douyu International Holdings (DOYU) has a return on equity of -1.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Douyu International Holdings's free cash flow?

Douyu International Holdings (DOYU) generated -$7.5M in free cash flow during fiscal year 2025. This represents a 77.1% 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 -$7.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Douyu International Holdings's total assets?

Douyu International Holdings (DOYU) had $446.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Douyu International Holdings's capital expenditures?

Douyu International Holdings (DOYU) invested $42K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

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

Douyu International Holdings (DOYU) invested $17.3M in research and development during fiscal year 2025.

How many shares does Douyu International Holdings have outstanding?

Douyu International Holdings (DOYU) had 30M shares outstanding as of fiscal year 2025.

What is Douyu International Holdings's current ratio?

Douyu International Holdings (DOYU) had a current ratio of 2.33 as of fiscal year 2025, 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 0.57 as of fiscal year 2025, 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 -0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Douyu International Holdings's cash runway?

Based on fiscal year 2025 data, Douyu International Holdings (DOYU) had $251.6M in cash against an annual operating cash burn of $7.5M. This gives an estimated cash runway of approximately 404 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 Altman Z-Score?

Douyu International Holdings (DOYU) has an Altman Z-Score of 0.61, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

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

Douyu International Holdings (DOYU) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.80x, 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 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.