Source SEC Filings (10-K/10-Q)Latest period FY2024, ended Dec 31, 2024ReportedCurrency USDFYE December
Smart Share Global Ltd (EM) reported $259.5M in revenue
for fiscal year 2024, down 37.7% from the prior fiscal year.
This page shows its income statement, balance sheet, cash flow statement, and key financial ratios.
View 4 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 AIEMFY2024
Smart Share Global’s margin compression has converted shrinking revenue into renewed cash consumption despite moderate reported leverage.
FY2024’s near-break-even net loss coexisted with operating cash flow of -$28.2M, reversing the $58.7M produced in FY2023—an earnings-quality break. Because EBITDA remained positive at $11.0M, the cash shortfall points to conversion pressure outside reported operating profit, with working-capital balances materially higher than in FY2021.
Revenue contracted 53.9% through FY2024, while gross margin fell to 42.4% from its FY2021 level. With operating margin at -3.8% after near break-even in FY2023, the shift looks rooted in gross economics or mix rather than overhead alone.
The FY2024 current ratio was 3.2x while debt-to-equity was 0.6x, indicating short-term coverage is not being achieved through extreme balance-sheet leverage. The balance sheet therefore appears less strained than the income statement, making cash conversion—not solvency—the more immediate reported distinction.
Financial Health Signals
Financial Health Score33/100
Scored against operating companies for FY2024. 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 Smart Share Global Ltd'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
28
Smart Share Global Ltd has an operating margin of -3.8%, meaning the company loses $4 on every $100 of revenue. This results in a profitability score of 28/100. This is down from 0.0% the prior year.
Growth
5
Smart Share Global Ltd's revenue declined 37.7% year-over-year, from $416.7M to $259.5M. This contraction results in a growth score of 5/100.
Leverage
58
Smart Share Global Ltd has a moderate D/E ratio of 0.55. This balance of debt and equity financing earns a leverage score of 58/100.
Liquidity
79
With a current ratio of 3.17, Smart Share Global Ltd holds $3.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Cash Flow
0
Not available for Smart Share Global Ltd, and counted as zero in the overall score.
Returns
26
Smart Share Global Ltd posts a -0.5% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 26/100. This is down from 3.2% the prior year.
Altman Z-ScoreDistress
-1.05
Smart Share Global Ltd scores -1.05, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($303.1M) relative to total liabilities ($201.5M). 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-ScorePartial
1/7
Smart Share Global Ltd passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
Earnings QualityNo Cash Backing
N/A
Smart Share Global Ltd reported a net loss of $1.9M while operations used $28.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Smart Share Global Ltd generated $259.5M in revenue in fiscal year 2024. This represents a decrease of 37.7% from the prior year.
EBITDA
$11.0M
YoY-69.6%
Smart Share Global Ltd's EBITDA was $11.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 69.6% from the prior year.
Net Income
-$1.9M
YoY-115.0%
Smart Share Global Ltd reported -$1.9M in net income in fiscal year 2024. This represents a decrease of 115.0% from the prior year.
EPS (Diluted)
$0.00
YoY-100.0%
Smart Share Global Ltd earned $0.00 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 100.0% from the prior year.
Cash & Balance Sheet
Cash & Debt
$107.9M
YoY+30.1%
Smart Share Global Ltd held $107.9M in cash as of fiscal year 2024; long-term debt is not reported for that period.
Free Cash Flow
Not reported for fiscal year 2024.
Dividends Per Share
Not reported for fiscal year 2024.
Shares Outstanding
Not reported for fiscal year 2024.
Margins & Returns
Gross Margin
42.4%
YoY-16.7pp
Smart Share Global Ltd's gross margin was 42.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 16.7 percentage points from the prior year.
Operating Margin
-3.8%
YoY-3.7pp
Smart Share Global Ltd's operating margin was -3.8% in fiscal year 2024, reflecting core business profitability. This is down 3.7 percentage points from the prior year.
Net Margin
-0.7%
YoY-3.7pp
Smart Share Global Ltd's net profit margin was -0.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.7 percentage points from the prior year.
Return on Equity
-0.5%
YoY-3.7pp
Smart Share Global Ltd's ROE was -0.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.7 percentage points from the prior year.
Capital Allocation
R&D Spending
$11.4M
YoY-11.9%
Smart Share Global Ltd invested $11.4M in research and development in fiscal year 2024. This represents a decrease of 11.9% from the prior year.
Share Buybacks
Not reported for fiscal year 2024.
Capital Expenditures
Not reported for fiscal year 2024.
EM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
EM annual income statement
EM quarterly income statement
Metric
FY24
FY23
FY22
FY21
Revenue
$259.5M-37.7%
$416.7M+1.3%
$411.5M-26.9%
$562.6M
Cost of Revenue
$149.4M-12.3%
$170.3M+111.0%
$80.7M-7.6%
$87.4M
Gross Profit
$110.1M-55.3%
$246.4M-25.5%
$330.8M-30.4%
$475.2M
R&D Expenses
$11.4M-11.9%
$12.9M-2.0%
$13.1M-10.8%
$14.7M
SG&A Expenses
$20.6M+16.4%
$17.7M+8.5%
$16.3M-12.7%
$18.7M
Operating Income
-$9.8M-6400.0%
-$150K+99.8%
-$90.1M-426.7%
-$17.1M
Interest Expense
$0-100.0%
$596K
N/A
N/A
Income Tax
$7.1M+139.4%
$3.0M-82.2%
$16.6M
N/A
Net Income
-$1.9M-115.0%
$12.4M+112.0%
-$103.1M-427.4%
-$19.6M
EPS (Diluted)
$0.00-100.0%
$0.02+110.0%
-$0.20
-$1.91
Metric
Q4'24
Q4'23
Q4'22
Q4'21
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
EM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
EM annual balance sheet
EM quarterly balance sheet
Metric
FY24
FY23
FY22
FY21
Total Assets
$565.5M-9.3%
$623.3M+0.3%
$621.6M-9.9%
$690.1M
Current Assets
$541.0M-4.6%
$567.0M+18.5%
$478.6M-6.1%
$509.6M
Cash & Equivalents
$107.9M+30.1%
$82.9M-39.7%
$137.6M-32.4%
$203.5M
Inventory
$16.2M+8.0%
$15.0M+9771.1%
$152K-77.8%
$686K
Accounts Receivable
$38.8M+2.1%
$38.0M+1489.6%
$2.4M+2.4%
$2.3M
Total Liabilities
$201.5M-14.4%
$235.5M-1.4%
$238.7M+30.5%
$183.0M
Current Liabilities
$170.5M-17.5%
$206.7M+0.2%
$206.3M+27.8%
$161.4M
Total Equity
$363.9M-6.2%
$387.8M+1.3%
$383.0M-24.5%
$507.2M
Retained Earnings
-$1.3B+2.3%
-$1.3B+3.8%
-$1.4B0.0%
-$1.4B
Metric
Q4'24
Q4'23
Q4'22
Q4'21
Total Assets
$565.5M-9.3%
$623.3M+0.3%
$621.6M-9.9%
$690.1M
Current Assets
$541.0M-4.6%
$567.0M+18.5%
$478.6M-6.1%
$509.6M
Cash & Equivalents
$107.9M+30.1%
$82.9M-39.7%
$137.6M-32.4%
$203.5M
Inventory
$16.2M+8.0%
$15.0M+9771.1%
$152K-77.8%
$686K
Accounts Receivable
$38.8M+2.1%
$38.0M+1489.6%
$2.4M+2.4%
$2.3M
Total Liabilities
$201.5M-14.4%
$235.5M-1.4%
$238.7M+30.5%
$183.0M
Current Liabilities
$170.5M-17.5%
$206.7M+0.2%
$206.3M+27.8%
$161.4M
Total Equity
$363.9M-6.2%
$387.8M+1.3%
$383.0M-24.5%
$507.2M
Retained Earnings
-$1.3B+2.3%
-$1.3B+3.8%
-$1.4B0.0%
-$1.4B
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
EM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
EM annual cash flow statement
EM quarterly cash flow statement
Metric
FY24
FY23
FY22
FY21
Operating Cash Flow
-$28.2M-148.0%
$58.7M-42.9%
$102.7M+188.5%
$35.6M
Investing Cash Flow
$57.5M+168.2%
-$84.3M+43.2%
-$148.5M+44.8%
-$269.0M
Financing Cash Flow
-$13.6M-245.1%
-$3.9M+65.4%
-$11.4M-104.6%
$245.3M
Dividends Paid
$7.5M
N/A
N/A
N/A
Metric
Q4'24
Q4'23
Q4'22
Q4'21
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
EM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
EM annual financial ratios
EM quarterly financial ratios
Metric
FY24
FY23
FY22
FY21
Gross Margin
42.4%-16.7pp
59.1%-21.3pp
80.4%-4.1pp
84.5%
Operating Margin
-3.8%-3.7pp
0.0%+21.9pp
-21.9%-18.9pp
-3.0%
Net Margin
-0.7%-3.7pp
3.0%+28.0pp
-25.1%-21.6pp
-3.5%
Return on Equity
-0.5%-3.7pp
3.2%+30.1pp
-26.9%-23.1pp
-3.9%
Return on Assets
-0.3%-2.3pp
2.0%+18.6pp
-16.6%-13.8pp
-2.8%
Current Ratio
3.17+0.4x
2.74+0.4x
2.32-0.8x
3.16
Debt-to-Equity
0.55-0.1x
0.610.0x
0.62+0.3x
0.36
Metric
Q4'24
Q4'23
Q4'22
Q4'21
Current Ratio
3.17+0.4x
2.74+0.4x
2.32-0.8x
3.16
Debt-to-Equity
0.55-0.1x
0.610.0x
0.62+0.3x
0.36
Not reported in any period shown, so not listed: FCF Margin.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
Smart Share Global Ltd (EM) reported $259.5M in total revenue for fiscal year 2024. This represents a -37.7% 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 Smart Share Global Ltd's revenue growing?
Smart Share Global Ltd (EM) revenue declined by 37.7% year-over-year, from $416.7M to $259.5M in fiscal year 2024.
Is Smart Share Global Ltd profitable?
No, Smart Share Global Ltd (EM) reported a net income of -$1.9M in fiscal year 2024, with a net profit margin of -0.7%.
What is Smart Share Global Ltd's earnings per share (EPS)?
Smart Share Global Ltd (EM) reported diluted earnings per share of $0.00 for fiscal year 2024. This represents a -100.0% 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 Smart Share Global Ltd's EBITDA?
Smart Share Global Ltd (EM) had EBITDA of $11.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Smart Share Global Ltd's gross margin?
Smart Share Global Ltd (EM) had a gross margin of 42.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Smart Share Global Ltd's operating margin?
Smart Share Global Ltd (EM) had an operating margin of -3.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Smart Share Global Ltd's net profit margin?
Smart Share Global Ltd (EM) had a net profit margin of -0.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Smart Share Global Ltd's return on equity (ROE)?
Smart Share Global Ltd (EM) has a return on equity of -0.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Smart Share Global Ltd's operating cash flow?
Smart Share Global Ltd (EM) recorded an outflow of $28.2M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Smart Share Global Ltd's total assets?
Smart Share Global Ltd (EM) had $565.5M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Smart Share Global Ltd spend on research and development?
Smart Share Global Ltd (EM) invested $11.4M in research and development during fiscal year 2024.
What is Smart Share Global Ltd's current ratio?
Smart Share Global Ltd (EM) had a current ratio of 3.17 as of fiscal year 2024, which is generally considered healthy.
What is Smart Share Global Ltd's debt-to-equity ratio?
Smart Share Global Ltd (EM) had a debt-to-equity ratio of 0.55 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Smart Share Global Ltd's return on assets (ROA)?
Smart Share Global Ltd (EM) had a return on assets of -0.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Smart Share Global Ltd's Altman Z-Score?
Smart Share Global Ltd (EM) has an Altman Z-Score of -1.05, 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 Smart Share Global Ltd's Piotroski F-Score?
Smart Share Global Ltd (EM) has a Piotroski F-Score of 1 out of 7 computable signals; 2 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 Smart Share Global Ltd's earnings high quality?
Smart Share Global Ltd (EM) reported a net loss of $1.9M while operations used $28.2M 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 Smart Share Global Ltd?
Smart Share Global Ltd (EM) scores 33 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.
