Douyu International Holdings Financials
Douyu International Holdings (DOYU) reported $546.1M in revenue for fiscal year 2025, down 6.7% from the prior fiscal year. This page shows its 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).
Cost cuts and asset monetization kept DouYu near operating breakeven even as its revenue base kept shrinking.
FY2025's higher cash balance was not funded by the core business: operating cash flow stayed negative at-$7.5M , while a$425.0M investing inflow supplied the cash. That inflow helped fund a$307.6M dividend and came alongside total assets shrinking by about$300.0M , so the year looked more like a balance-sheet reshuffling than a business suddenly turning into a cash generator.
Revenue slipped again to
Liquidity still looks workable because cash of
Financial Health Signals
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.
Douyu International Holdings has an operating margin of 0.1%, meaning the company retains less than $1 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.
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 6/100.
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.
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.
Douyu International Holdings's operations used $7.5M of cash, and capex of $42K added to the outflow, for a free cash flow shortfall of $7.5M. This results in a cash flow score of 23/100.
Douyu International Holdings posts a -1.5% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 30/100. This is up from -7.3% the prior year.
Douyu International Holdings scores 0.57, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($128.3M) 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.
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.
Douyu International Holdings reported a net loss of $4.2M while operations used $7.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Douyu International Holdings generated $546.1M in revenue in fiscal year 2025. This represents a decrease of 6.7% from the prior year.
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.
Douyu International Holdings reported -$4.2M in net income in fiscal year 2025. This represents an increase of 90.1% from the prior year.
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
Douyu International Holdings recorded an outflow of $7.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 77.1% from the prior year.
Douyu International Holdings held $251.6M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
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
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.
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.
Not reported for fiscal year 2025.
DOYU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Revenue | $546.1M-6.7% | $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 | $476.1M-12.0% | $540.7M-20.8% | $682.6M-23.0% | $887.0M-30.0% | $1.3B+2.8% | $1.2B+41.6% | $870.2M |
| Gross Profit | $70.0M+57.8% | $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 | $17.3M-30.4% | $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 | $19.7M-29.7% | $28.0M-16.4% | $33.5M-19.9% | $41.8M-29.2% | $59.0M+2.4% | $57.6M-9.7% | $63.8M |
| Operating Income | $680K+100.9% | -$78.6M-240.1% | -$23.1M+19.9% | -$28.8M+71.7% | -$101.8M-353.4% | $40.2M+313.4% | -$18.8M |
| Income Tax | $4.1M+92.5% | $2.1M+1301.9% | $151K-70.2% | $506K | N/A | 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+1201.2% | $4.8M |
| EPS (Diluted) | -$0.14+89.7% | -$1.36-950.0% | $0.16+147.1% | -$0.34+87.9% | -$2.81-224.9% | $2.25+1150.0% | $0.18 |
Not reported in any period shown, so not listed: Interest Expense.
DOYU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
DOYU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| 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-12.0% | $116.2M |
| Capital Expenditures | $42K-57.2% | $97K-86.6% | $726K-15.0% | $855K-20.8% | $1.1M-62.8% | $2.9M+26.3% | $2.3M |
| 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-12.7% | $114.0M |
| 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-1037.2% | -$35.2M |
| Financing Cash Flow | -$307.6M-1.7% | -$302.4M-222319216.9% | -$136+100.0% | -$15.8M+6.0% | -$16.8M+77.1% | -$73.4M-127.1% | $271.1M |
| Dividends Paid | $307.6M+6.8% | $287.9M | N/A | 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+439.3% | $16.5M |
DOYU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 12.8%+5.2pp | 7.6%-4.8pp | 12.4%-1.6pp | 13.9%+2.0pp | 11.9%-4.4pp | 16.3%-0.2pp | 16.4% |
| Operating Margin | 0.1%+13.6pp | -13.4%-10.5pp | -3.0%-0.2pp | -2.8%+4.3pp | -7.1%-9.8pp | 2.7%+4.5pp | -1.8% |
| Net Margin | -0.8%+6.4pp | -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 | -1.5%+5.8pp | -7.3%-7.8pp | 0.5%+1.9pp | -1.4%+8.5pp | -9.9%-15.7pp | 5.8%+5.4pp | 0.5% |
| 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%+4.2pp | 0.4% |
| Current Ratio | 2.33-1.3x | 3.63-1.2x | 4.86+0.3x | 4.54+0.6x | 3.91-0.4x | 4.27-0.5x | 4.79 |
| Debt-to-Equity | 0.57+0.3x | 0.29+0.1x | 0.210.0x | 0.24-0.1x | 0.300.0x | 0.280.0x | 0.25 |
| FCF Margin | -1.4%+4.2pp | -5.6%-4.7pp | -1.0%+0.1pp | -1.0%+5.4pp | -6.5%-13.2pp | 6.8%-4.2pp | 10.9% |
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Where Douyu International Holdings Ranks
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) recorded an outflow of $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) recorded an outflow of $7.5M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 0.57, 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) reported a net loss of $4.2M while operations used $7.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 35 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.