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

Huya Inc (HUYA) reported diluted earnings per share of $-0.07 for fiscal year 2025. This represents a -133.3% 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.

Huya Inc Financials

HUYA

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

This page shows Huya Inc (HUYA) financial statements, including the 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).

Rhea AI HUYA FY2024 2026-04-27

Margin repair is cushioning a multi-year revenue contraction, while cash strength depends more on investing flows than operations

FY2024's near-breakeven net loss of -$6.6M and positive operating cash flow of $12.9M show the core business is much closer to self-funding than in FY2022-FY2023. But liquidity improved through balance-sheet actions, not just operations: a $504.0M investing inflow more than offset a $425.3M financing outflow that closely matched reported dividends and buybacks.

Revenue shrinkage has not translated into proportional margin damage: after gross margin bottomed at 6.6% in FY2022, it recovered to 13.3% by FY2024 even as sales kept falling. That pattern usually signals a leaner cost structure or a healthier revenue mix, but the remaining scale is still too small to cover operating expenses consistently.

The balance sheet remains a shock absorber, with liabilities of $276.3M against assets of $1.31B. A 3.1x current ratio helps explain why the company can tolerate uneven earnings, yet FY2024 free cash flow stayed slightly negative, so dividends and buybacks were not being financed by recurring cash generation.

Financial Health Signals

Financial Profile 36/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability

Huya Inc has an operating margin of -2.5%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 15/100, suggesting thin profitability after operating expenses. This is up from -3.1% the prior year.

Growth

Huya Inc's revenue grew 11.6% year-over-year to $929.8M, a solid pace of expansion. This earns a growth score of 29/100.

Leverage

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 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Huya Inc's current ratio of 2.84 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Huya Inc generated -$25.2M in operating cash flow, capex of $24.0M consumed most of it, leaving -$49.2M in free cash flow. This results in a low score of 16/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Huya Inc generates a -2.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 7/100. This is down from -0.6% the prior year.

Piotroski F-Score Weak

2/9

Huya Inc passes 2 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

1.56x

For every $1 of reported earnings, Huya Inc generates $1.56 in operating cash flow (-$25.2M OCF vs -$16.1M 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

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Earnings & Revenue

Revenue

$929.8M

YoY+11.6%

5Y CAGR-11.1%

Huya Inc generated $929.8M in revenue in fiscal year 2025. This represents an increase of 11.6% from the prior year.

EBITDA

-$12.5M

YoY+19.3%

Huya Inc's EBITDA was -$12.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.3% from the prior year.

Net Income

-$16.1M

YoY-145.0%

Huya Inc reported -$16.1M in net income in fiscal year 2025. This represents a decrease of 145.0% from the prior year.

EPS (Diluted)

$-0.07

YoY-133.3%

Huya Inc earned $-0.07 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 133.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$49.2M

YoY-290.4%

Huya Inc generated -$49.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 290.4% from the prior year.

Cash & Debt

$99.0M

YoY-39.2%

5Y CAGR-27.8%

Huya Inc held $99.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

13.4%

YoY+0.1pp

5Y CAGR-7.4pp

Huya Inc's gross margin was 13.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin

-2.5%

YoY+0.6pp

5Y CAGR-9.1pp

Huya Inc's operating margin was -2.5% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin

-1.7%

YoY-0.9pp

5Y CAGR-9.8pp

Huya Inc's net profit margin was -1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.

Return on Equity

-2.3%

YoY-1.7pp

5Y CAGR-11.3pp

Huya Inc's ROE was -2.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.

Capital Allocation

R&D Spending

$71.0M

YoY+1.1%

5Y CAGR-8.8%

Huya Inc invested $71.0M in research and development in fiscal year 2025. This represents an increase of 1.1% from the prior year.

Share Buybacks

$12.9M

YoY-62.0%

Huya Inc spent $12.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 62.0% from the prior year.

Capital Expenditures

$24.0M

YoY-5.9%

5Y CAGR+23.5%

Huya Inc invested $24.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 5.9% from the prior year.

HUYA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$929.8M+11.6%	$832.8M-15.5%	$985.1M-26.3%	$1.3B-25.0%	$1.8B+6.5%	$1.7B
Cost of Revenue	$805.1M+11.5%	$721.9M-17.0%	$870.3M-30.3%	$1.2B-18.4%	$1.5B+15.5%	$1.3B
Gross Profit	$124.7M+12.5%	$110.9M-3.4%	$114.8M+29.6%	$88.6M-64.7%	$251.1M-27.8%	$347.6M
R&D Expenses	$71.0M+1.1%	$70.2M-13.8%	$81.5M-17.4%	$98.6M-23.2%	$128.5M+14.2%	$112.5M
SG&A Expenses	$44.2M+26.5%	$34.9M-22.7%	$45.2M-2.7%	$46.5M-9.4%	$51.3M-24.8%	$68.2M
Operating Income	-$23.2M+10.5%	-$26.0M+58.4%	-$62.5M+39.0%	-$102.4M-2063.7%	-$4.7M-104.3%	$111.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.8M-1.0%	$1.8M-0.6%	$1.9M-53.9%	$4.0M-53.4%	$8.7M	N/A
Net Income	-$16.1M-145.0%	-$6.6M+77.2%	-$28.8M+59.2%	-$70.6M-177.1%	$91.6M-32.4%	$135.5M
EPS (Diluted)	$-0.07-133.3%	$-0.03+75.0%	$-0.12+58.6%	$-0.29-176.3%	$0.38-33.3%	$0.57

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

HUYA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$958.3M-26.9%	$1.3B-28.0%	$1.8B-4.5%	$1.9B-8.4%	$2.1B+9.4%	$1.9B
Current Assets	$701.7M-15.9%	$834.1M-27.3%	$1.1B-24.3%	$1.5B-18.9%	$1.9B+8.3%	$1.7B
Cash & Equivalents	$99.0M-39.2%	$162.9M+125.9%	$72.1M-24.1%	$95.0M-66.2%	$281.0M-44.3%	$504.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$34.1M+227.5%	$10.4M+15.1%	$9.1M-17.7%	$11.0M-20.3%	$13.8M+26.5%	$10.9M
Goodwill	$64.8M+2.1%	$63.5M-1.3%	$64.4M	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
Current Liabilities	$247.3M-6.9%	$265.5M-12.8%	$304.4M-4.6%	$319.1M-21.1%	$404.2M+10.6%	$365.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$703.5M-32.0%	$1.0B-30.9%	$1.5B-4.8%	$1.6B-4.7%	$1.6B+10.1%	$1.5B
Retained Earnings	-$317.4M-10.3%	-$287.7M+0.5%	-$289.1M-11.6%	-$259.1M-227.0%	$204.0M-29.3%	$288.7M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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
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
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

HUYA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$25.2M-295.0%	$12.9M+385.9%	-$4.5M+92.9%	-$63.4M-223.4%	$51.4M-73.0%	$190.0M
Capital Expenditures	$24.0M-5.9%	$25.5M+47.0%	$17.4M-23.5%	$22.7M+265.9%	$6.2M-25.7%	$8.3M
Free Cash Flow	-$49.2M-290.4%	-$12.6M+42.4%	-$21.9M+74.6%	-$86.1M-290.4%	$45.2M-75.1%	$181.7M
Investing Cash Flow	$312.5M-38.0%	$504.0M+6623.9%	$7.5M+106.1%	-$123.0M+58.3%	-$295.1M-291.6%	$154.0M
Financing Cash Flow	-$357.2M+16.0%	-$425.3M-1392.8%	-$28.5M-3348.9%	$877K-47.9%	$1.7M-95.9%	$40.7M
Dividends Paid	$344.3M-12.0%	$391.5M	N/A	N/A	N/A	N/A
Share Buybacks	$12.9M-62.0%	$34.0M+19.1%	$28.5M	N/A	N/A	N/A

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

HUYA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	13.4%+0.1pp	13.3%+1.7pp	11.7%+5.0pp	6.6%-7.5pp	14.1%-6.7pp	20.8%
Operating Margin	-2.5%+0.6pp	-3.1%+3.2pp	-6.3%+1.3pp	-7.7%-7.4pp	-0.3%-6.9pp	6.6%
Net Margin	-1.7%-0.9pp	-0.8%+2.1pp	-2.9%+2.4pp	-5.3%-10.4pp	5.1%-3.0pp	8.1%
Return on Equity	-2.3%-1.7pp	-0.6%+1.3pp	-1.9%+2.6pp	-4.5%-10.0pp	5.5%-3.5pp	9.0%
Return on Assets	-1.7%-1.2pp	-0.5%+1.1pp	-1.6%+2.1pp	-3.7%-8.1pp	4.4%-2.7pp	7.1%
Current Ratio	2.84-0.3	3.14-0.6	3.77-1.0	4.75+0.1	4.63-0.1	4.73
Debt-to-Equity	0.36+0.1	0.27+0.1	0.220.0	0.21-0.0	0.260.0	0.27
FCF Margin	-5.3%-3.8pp	-1.5%+0.7pp	-2.2%+4.2pp	-6.4%-9.0pp	2.5%-8.3pp	10.9%

Metric	Q4'25	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	N/A
Operating Margin	N/A	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	N/A
Return on Equity	N/A	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	N/A
Current Ratio	2.84-0.3	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	0.36+0.1	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	N/A

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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) generated -$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) generated -$25.2M in operating cash flow during fiscal year 2025, representing cash generated from 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.

Does Huya Inc buy back shares?

Yes, Huya Inc (HUYA) spent $12.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

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 cash runway?

Based on fiscal year 2025 data, Huya Inc (HUYA) had $99.0M in cash against an annual operating cash burn of $25.2M. This gives an estimated cash runway of approximately 47 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 Huya Inc's Piotroski F-Score?

Huya Inc (HUYA) has a Piotroski F-Score of 2 out of 9, indicating weak 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 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) has an earnings quality ratio of 1.56x, 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 Huya Inc?

Huya Inc (HUYA) scores 36 out of 100 on our Financial Profile, indicating weak 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.