Huya Inc Financials

HUYA

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

Huya Inc has an operating margin of -3.1%, meaning the company retains $-3 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 up from -6.3% the prior year.

Growth

Huya Inc's revenue declined 15.5% year-over-year, from $985.1M to $832.8M. This contraction results in a growth score of 0/100.

Leverage

100

Huya Inc carries a low D/E ratio of 0.27, meaning only $0.27 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 3.14, Huya Inc holds $3.14 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Huya Inc generated $12.9M in operating cash flow, capex of $25.5M consumed most of it, leaving -$12.6M 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 Neutral

6/9

Huya Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-1.97x

For every $1 of reported earnings, Huya Inc generates $-1.97 in operating cash flow ($12.9M OCF vs -$6.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Huya Inc (HUYA) 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).

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Key Financial Metrics

Revenue

$832.8M

YoY-15.5%

5Y CAGR-7.1%

Huya Inc generated $832.8M in revenue in fiscal year 2024. This represents a decrease of 15.5% from the prior year.

EBITDA

-$15.5M

YoY+67.9%

Huya Inc's EBITDA was -$15.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 67.9% from the prior year.

Free Cash Flow

-$12.6M

YoY+42.4%

Huya Inc generated -$12.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 42.4% from the prior year.

Net Income

-$6.6M

YoY+77.2%

Huya Inc reported -$6.6M in net income in fiscal year 2024. This represents an increase of 77.2% from the prior year.

EPS (Diluted)

$-0.03

YoY+75.0%

Huya Inc earned $-0.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 75.0% from the prior year.

Cash & Debt

$162.9M

YoY+125.9%

5Y CAGR+0.4%

Huya Inc held $162.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

225M

YoY-3.4%

Huya Inc had 225M shares outstanding in fiscal year 2024. This represents a decrease of 3.4% from the prior year.

Gross Margin

13.3%

YoY+1.7pp

5Y CAGR-4.4pp

Huya Inc's gross margin was 13.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.

Operating Margin

-3.1%

YoY+3.2pp

5Y CAGR-6.2pp

Huya Inc's operating margin was -3.1% in fiscal year 2024, reflecting core business profitability. This is up 3.2 percentage points from the prior year.

Net Margin

-0.8%

YoY+2.1pp

5Y CAGR-6.4pp

Huya Inc's net profit margin was -0.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$70.2M

YoY-13.8%

5Y CAGR-0.8%

Huya Inc invested $70.2M in research and development in fiscal year 2024. This represents a decrease of 13.8% from the prior year.

Share Buybacks

$34.0M

YoY+19.1%

Huya Inc spent $34.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 19.1% from the prior year.

Capital Expenditures

$25.5M

YoY+47.0%

5Y CAGR+23.8%

Huya Inc invested $25.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 47.0% from the prior year.

HUYA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$832.8M-15.5%	$985.1M-26.3%	$1.3B-25.0%	$1.8B+6.5%	$1.7B+39.1%	$1.2B
Cost of Revenue	$721.9M-17.0%	$870.3M-30.3%	$1.2B-18.4%	$1.5B+15.5%	$1.3B+33.8%	$990.1M
Gross Profit	$110.9M-3.4%	$114.8M+29.6%	$88.6M-64.7%	$251.1M-27.8%	$347.6M+63.3%	$212.9M
R&D Expenses	$70.2M-13.8%	$81.5M-17.4%	$98.6M-23.2%	$128.5M+14.2%	$112.5M+54.0%	$73.1M
SG&A Expenses	$34.9M-22.7%	$45.2M-2.7%	$46.5M-9.4%	$51.3M-24.8%	$68.2M+34.6%	$50.7M
Operating Income	-$26.0M+58.4%	-$62.5M+39.0%	-$102.4M-2063.7%	-$4.7M-104.3%	$111.1M+195.9%	$37.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.8M-0.6%	$1.9M-53.9%	$4.0M-53.4%	$8.7M	N/A	N/A
Net Income	-$6.6M+77.2%	-$28.8M+59.2%	-$70.6M-177.1%	$91.6M-32.4%	$135.5M+101.5%	$67.2M
EPS (Diluted)	$-0.03+75.0%	$-0.12+58.6%	$-0.29-176.3%	$0.38-33.3%	$0.57+96.6%	$0.29

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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

HUYA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.3B-28.0%	$1.8B-4.5%	$1.9B-8.4%	$2.1B+9.4%	$1.9B+16.5%	$1.6B
Current Assets	$834.1M-27.3%	$1.1B-24.3%	$1.5B-18.9%	$1.9B+8.3%	$1.7B+13.5%	$1.5B
Cash & Equivalents	$162.9M+125.9%	$72.1M-24.1%	$95.0M-66.2%	$281.0M-44.3%	$504.8M+215.7%	$159.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$10.4M+15.1%	$9.1M-17.7%	$11.0M-20.3%	$13.8M+26.5%	$10.9M+23.2%	$8.9M
Goodwill	$63.5M-1.3%	$64.4M	N/A	N/A	N/A	N/A
Total Liabilities	$276.3M-14.7%	$323.9M-3.0%	$334.0M-22.5%	$430.7M+6.7%	$403.7M+4.8%	$385.2M
Current Liabilities	$265.5M-12.8%	$304.4M-4.6%	$319.1M-21.1%	$404.2M+10.6%	$365.5M+4.0%	$351.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.0B-30.9%	$1.5B-4.8%	$1.6B-4.7%	$1.6B+10.1%	$1.5B+20.1%	$1.2B
Retained Earnings	-$287.7M+0.5%	-$289.1M-11.6%	-$259.1M-227.0%	$204.0M-29.3%	$288.7M+201.2%	-$285.3M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$1.3B-28.0%	$1.8B-4.5%	$1.9B-8.4%	$2.1B+9.4%	$1.9B+16.5%	$1.6B+58.0%	$1.0B
Current Assets	$834.1M-27.3%	$1.1B-24.3%	$1.5B-18.9%	$1.9B+8.3%	$1.7B+13.5%	$1.5B+58.6%	$959.2M
Cash & Equivalents	$162.9M+125.9%	$72.1M-24.1%	$95.0M-66.2%	$281.0M-44.3%	$504.8M+215.7%	$159.9M+55.1%	$103.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$10.4M+15.1%	$9.1M-17.7%	$11.0M-20.3%	$13.8M+26.5%	$10.9M+23.2%	$8.9M+39.0%	$6.4M
Goodwill	$63.5M-1.3%	$64.4M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$276.3M-14.7%	$323.9M-3.0%	$334.0M-22.5%	$430.7M+6.7%	$403.7M+4.8%	$385.2M+81.3%	$212.5M
Current Liabilities	$265.5M-12.8%	$304.4M-4.6%	$319.1M-21.1%	$404.2M+10.6%	$365.5M+4.0%	$351.4M+75.0%	$200.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.0B-30.9%	$1.5B-4.8%	$1.6B-4.7%	$1.6B+10.1%	$1.5B+20.1%	$1.2B+51.9%	$821.0M
Retained Earnings	-$287.7M+0.5%	-$289.1M-11.6%	-$259.1M-227.0%	$204.0M-29.3%	$288.7M+201.2%	-$285.3M+19.1%	-$352.6M

HUYA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$12.9M+385.9%	-$4.5M+92.9%	-$63.4M-223.4%	$51.4M-73.0%	$190.0M-32.0%	$279.4M
Capital Expenditures	$25.5M+47.0%	$17.4M-23.5%	$22.7M+265.9%	$6.2M-25.7%	$8.3M-5.2%	$8.8M
Free Cash Flow	-$12.6M+42.4%	-$21.9M+74.6%	-$86.1M-290.4%	$45.2M-75.1%	$181.7M-32.9%	$270.6M
Investing Cash Flow	$504.0M+6623.9%	$7.5M+106.1%	-$123.0M+58.3%	-$295.1M-291.6%	$154.0M+129.1%	-$529.3M
Financing Cash Flow	-$425.3M-1392.8%	-$28.5M-3348.9%	$877K-47.9%	$1.7M-95.9%	$40.7M-86.7%	$306.5M
Dividends Paid	$391.5M	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$34.0M+19.1%	$28.5M	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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

HUYA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	13.3%+1.7pp	11.7%+5.0pp	6.6%-7.5pp	14.1%-6.7pp	20.8%+3.1pp	17.7%
Operating Margin	-3.1%+3.2pp	-6.3%+1.3pp	-7.7%-7.4pp	-0.3%-6.9pp	6.6%+3.5pp	3.1%
Net Margin	-0.8%+2.1pp	-2.9%+2.4pp	-5.3%-10.4pp	5.1%-3.0pp	8.1%+2.5pp	5.6%
Return on Equity	N/A	N/A	N/A	5.5%-3.5pp	9.0%+3.6pp	5.4%
Return on Assets	-0.5%+1.1pp	-1.6%+2.1pp	-3.7%-8.1pp	4.4%-2.7pp	7.1%+3.0pp	4.1%
Current Ratio	3.14-0.6	3.77-1.0	4.75+0.1	4.63-0.1	4.73+0.4	4.33
Debt-to-Equity	0.27+0.1	0.220.0	0.21-0.0	0.260.0	0.27-0.0	0.31
FCF Margin	-1.5%+0.7pp	-2.2%+4.2pp	-6.4%-9.0pp	2.5%-8.3pp	10.9%-11.6pp	22.5%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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	3.14-0.6	3.77-1.0	4.75+0.1	4.63-0.1	4.73+0.4	4.33-0.4	4.78
Debt-to-Equity	0.27+0.1	0.220.0	0.21-0.0	0.260.0	0.27-0.0	0.31+0.1	0.26
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 Huya Inc's annual revenue?

Huya Inc (HUYA) reported $832.8M in total revenue for fiscal year 2024. This represents a -15.5% 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 Huya Inc's revenue growing?

Huya Inc (HUYA) revenue declined by 15.5% year-over-year, from $985.1M to $832.8M in fiscal year 2024.

Is Huya Inc profitable?

No, Huya Inc (HUYA) reported a net income of -$6.6M in fiscal year 2024, with a net profit margin of -0.8%.

What is Huya Inc's earnings per share (EPS)?

Huya Inc (HUYA) reported diluted earnings per share of $-0.03 for fiscal year 2024. This represents a 75.0% 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 Huya Inc's EBITDA?

Huya Inc (HUYA) had EBITDA of -$15.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Huya Inc's gross margin?

Huya Inc (HUYA) had a gross margin of 13.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Huya Inc's operating margin?

Huya Inc (HUYA) had an operating margin of -3.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Huya Inc's net profit margin?

Huya Inc (HUYA) had a net profit margin of -0.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Huya Inc's free cash flow?

Huya Inc (HUYA) generated -$12.6M in free cash flow during fiscal year 2024. This represents a 42.4% 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 Huya Inc's operating cash flow?

Huya Inc (HUYA) generated $12.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Huya Inc's total assets?

Huya Inc (HUYA) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Huya Inc's capital expenditures?

Huya Inc (HUYA) invested $25.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Huya Inc spend on research and development?

Huya Inc (HUYA) invested $70.2M in research and development during fiscal year 2024.

Does Huya Inc buy back shares?

Yes, Huya Inc (HUYA) spent $34.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Huya Inc have outstanding?

Huya Inc (HUYA) had 225M shares outstanding as of fiscal year 2024.

What is Huya Inc's current ratio?

Huya Inc (HUYA) had a current ratio of 3.14 as of fiscal year 2024, which is generally considered healthy.

What is Huya Inc's debt-to-equity ratio?

Huya Inc (HUYA) had a debt-to-equity ratio of 0.27 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Huya Inc's return on assets (ROA)?

Huya Inc (HUYA) had a return on assets of -0.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Huya Inc's Piotroski F-Score?

Huya Inc (HUYA) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 Huya Inc's earnings high quality?

Huya Inc (HUYA) has an earnings quality ratio of -1.97x, considered mixed quality. 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 Huya Inc?

Huya Inc (HUYA) 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.