HUYA Inc. (HUYA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HUYA SEC filings page.
HUYA Inc. (HUYA) reported $929.8M in revenue for fiscal year 2025, up 11.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
HUYA’s 2025 rebound restored sales, but thin margins, renewed cash outflow, and large distributions continued shrinking its financial base.
Revenue rose11.6% in FY2025 while gross margin held at13.4% , showing recovery was primarily volume rather than margin expansion. Operating cash flow reversed negative while free cash flow remained lower after capital spending, so the sales recovery did not translate into internally generated cash.
Total assets fell from
Operating cash flow was negative while free cash flow was lower because capital spending reached
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 HUYA Inc.'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.
HUYA Inc. has an operating margin of -2.5%, meaning the company loses $3 on every $100 of revenue. This results in a profitability score of 32/100. This is up from -3.1% the prior year.
HUYA Inc.'s revenue grew 11.6% year-over-year to $929.8M, a solid pace of expansion. This earns a growth score of 21/100.
HUYA Inc. carries a low D/E ratio of 0.36, meaning only $0.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 66/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.84, HUYA Inc. holds $2.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 76/100.
HUYA Inc.'s operations used $25.2M of cash, and capex of $24.0M added to the outflow, for a free cash flow shortfall of $49.2M. This results in a cash flow score of 18/100.
HUYA Inc. posts a -2.3% return on equity (ROE), meaning it loses $2 for every $100 of shareholders' equity. This results in a returns score of 32/100. This is down from -0.6% the prior year.
HUYA Inc. scores 2.23, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($523.0M) relative to total liabilities ($254.8M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
HUYA Inc. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
HUYA Inc. reported a net loss of $16.1M while operations used $25.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
HUYA Inc. held $99.0M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
HUYA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
HUYA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K | Q4'1810-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $958.3M-26.9% | $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 | $701.7M-15.9% | $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 | $99.0M-39.2% | $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 |
| Short-Term Investments | $0 | $0 | $0-100.0% | $452K-99.6% | $128.1M-30.7% | $184.9M-42.0% | $318.8M+630.3% | $43.7M |
| Accounts Receivable | $34.1M+227.5% | $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 |
| Long-Term Investments | $42.4M-29.9% | $60.4M-43.0% | $105.9M-19.4% | $131.4M+37.6% | $95.5M+33.4% | $71.6M+31.4% | $54.5M+70.5% | $32.0M |
| Goodwill | $64.8M+2.1% | $63.5M-1.3% | $64.4M | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $254.8M-7.8% | $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 | $247.3M-6.9% | $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 |
| Non-Current Liabilities | $7.5M-30.8% | $10.9M-44.2% | $19.5M+31.0% | $14.9M-43.8% | $26.5M-30.7% | $38.2M+13.1% | $33.8M+187.5% | $11.7M |
| Total Equity | $703.5M-32.0% | $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 | -$317.4M-10.3% | -$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 |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
HUYA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
HUYA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| HUYA Inc. HUYA | FY2025 | $929.8M | -$16.1M | -1.7% | $523.0M | 41/100 |
| Dave & Buster's Entertainment, Inc. PLAY | FY2025 | $2.1B | -$48.7M | -2.3% | $238.9M | 28/100 |
| The Marcus Corporation MCS | FY2025 | $758.5M | $12.7M | 1.7% | $815.2M | 29/100 |
| Reservoir Media, Inc. RSVR | FY2026 | $175.7M | $7.8M | 4.5% | $631.0M | 58/100 |
| AMC Global Media Inc. AMCX | FY2025 | $2.3B | $101.8M | 4.4% | $452.9M | 38/100 |
| AMC ENTERTAINMENT HOLDINGS, INC. AMC | FY2025 | $4.8B | -$632.4M | -13.0% | $2.6B | 19/100 |
Where HUYA Inc. Ranks
Frequently Asked Questions
What is HUYA Inc.'s annual revenue?
HUYA Inc. (HUYA) reported $929.8M in total revenue for fiscal year 2025. This represents a 11.6% 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 grew by 11.6% year-over-year, from $832.8M to $929.8M in fiscal year 2025.
Is HUYA Inc. profitable?
No, HUYA Inc. (HUYA) reported a net income of -$16.1M in fiscal year 2025, with a net profit margin of -1.7%.
What is HUYA Inc.'s EBITDA?
HUYA Inc. (HUYA) had EBITDA of -$12.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is HUYA Inc.'s gross margin?
HUYA Inc. (HUYA) had a gross margin of 13.4% in fiscal year 2025, 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 -2.5% in fiscal year 2025, 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 -1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is HUYA Inc.'s return on equity (ROE)?
HUYA Inc. (HUYA) has a return on equity of -2.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is HUYA Inc.'s free cash flow?
HUYA Inc. (HUYA) recorded an outflow of $49.2M in free cash flow during fiscal year 2025. This represents a -290.4% 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) recorded an outflow of $25.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are HUYA Inc.'s total assets?
HUYA Inc. (HUYA) had $958.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are HUYA Inc.'s capital expenditures?
HUYA Inc. (HUYA) invested $24.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does HUYA Inc. spend on research and development?
HUYA Inc. (HUYA) invested $71.0M in research and development during fiscal year 2025.
What is HUYA Inc.'s current ratio?
HUYA Inc. (HUYA) had a current ratio of 2.84 as of fiscal year 2025, which is generally considered healthy.
What is HUYA Inc.'s debt-to-equity ratio?
HUYA Inc. (HUYA) had a debt-to-equity ratio of 0.36 as of fiscal year 2025, 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 -1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is HUYA Inc.'s P/E ratio?
HUYA Inc. (HUYA) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $523.0M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is HUYA Inc.'s price-to-sales ratio?
HUYA Inc. (HUYA) trades at 0.6x sales, its market capitalization divided by revenue of $929.8M revenue, FY2025. The market capitalization is $523.0M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does HUYA Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, HUYA Inc. (HUYA) held $141.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $25.2M over that year. Dividing the one by the other, the reported balance equals about 67 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is HUYA Inc.'s Altman Z-Score?
HUYA Inc. (HUYA) has an Altman Z-Score of 2.23, placing it in the Grey Zone (moderate 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 HUYA Inc.'s Piotroski F-Score?
HUYA Inc. (HUYA) has a Piotroski F-Score of 2 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 HUYA Inc.'s earnings high quality?
HUYA Inc. (HUYA) reported a net loss of $16.1M while operations used $25.2M 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 HUYA Inc.?
HUYA Inc. (HUYA) scores 41 out of 100 on our Financial Health Score, indicating moderate 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.