Qutoutiao (QTTOY) 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 Nov 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for FY2024, filed Apr 30, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QTTOY SEC filings page.
Qutoutiao Inc (QTTOY) reported $140.0M in revenue for fiscal year 2024, up 33.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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.
The business reached operating profitability in FY2024, but heavy liabilities and interest still outweighed a nearly cash-neutral operating model.
FY2024's operating profit moved into positive territory at$4.6M , but interest expense of$26.4M still kept net income negative; this separates operating economics from financing drag. The shift from operating cash flow of-$9.3M in FY2023 to$525K in FY2024 shows the improvement reached reported cash rather than remaining only an accounting change.
Revenue recovered
Liabilities equaled
Financial Health Signals
We do not publish a peer-relative financial health score for Qutoutiao Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Qutoutiao Inc scores -25.14, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $1.2B against total assets of $65.6M. 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.
Qutoutiao Inc passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Qutoutiao Inc reported a net loss of $23.0M while generating $525K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Qutoutiao Inc earns $0.17 in operating income for every $1 of interest expense ($4.6M vs $26.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Qutoutiao Inc generated $140.0M in revenue in fiscal year 2024. This represents an increase of 33.3% from the prior year.
Qutoutiao Inc's EBITDA was $4.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1230.7% from the prior year.
Qutoutiao Inc reported a net loss of $23.0M in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Qutoutiao Inc earned -$0.59 per diluted share (EPS) in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Qutoutiao Inc generated $504K in free cash flow in fiscal year 2024, representing cash available after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Qutoutiao Inc held $9.3M in cash against $297.1M in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Qutoutiao Inc's gross margin was 45.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Qutoutiao Inc's operating margin was 3.3% in fiscal year 2024, reflecting core business profitability. This is up 3.5 percentage points from the prior year.
Qutoutiao Inc's net profit margin was -16.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.5 percentage points from the prior year.
Not reported for fiscal year 2024.
Capital Allocation
Qutoutiao Inc invested $9.7M in research and development in fiscal year 2024. This represents a decrease of 35.2% from the prior year.
Qutoutiao Inc invested $20K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 168.4% from the prior year.
Not reported for fiscal year 2024.
QTTOY 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.
| Metric | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $140.0M+33.3% | $105.0M-33.1% | $157.0M-76.9% | $681.0M-15.9% | $810.0M+1.2% | $800.1M+82.0% | $439.6M+453.1% | $79.5M+852.1% | $8.3M |
| Cost of Revenue | $76.6M+30.9% | $58.5M-26.3% | $79.5M-52.6% | $167.6M-33.4% | $251.9M+9.7% | $229.6M+217.2% | $72.4M+519.6% | $11.7M+1049.0% | $1.0M |
| Gross Profit | $63.2M+36.2% | $46.4M-38.5% | $75.5M-84.8% | $497.1M-10.2% | $553.4M-2.0% | $564.4M+54.1% | $366.3M+441.0% | $67.7M+825.9% | $7.3M |
| R&D Expenses | $9.7M-35.2% | $15.0M-43.9% | $26.8M-69.1% | $86.6M-40.4% | $145.3M+9.2% | $133.0M+238.7% | $39.3M+1593.1% | $2.3M+554.6% | $354K |
| SG&A Expenses | $50.7M+47.5% | $34.4M-66.5% | $102.7M-83.2% | $612.0M+5.9% | $577.8M-30.1% | $826.4M+35.1% | $611.9M+689.0% | $77.6M+856.0% | $8.1M |
| Operating Income | $4.6Mn/m | -$267Kn/m | -$46.2Mn/m | -$187.2Mn/m | -$158.2Mn/m | -$391.2Mn/m | -$288.2Mn/m | -$14.7Mn/m | -$1.6M |
| EBITDA | $4.6M+1230.7% | $345Kn/m | -$45.8Mn/m | -$185.5Mn/m | -$156.3Mn/m | -$389.7Mn/m | -$287.6Mn/m | -$14.6Mn/m | -$1.6M |
| Interest Expense | $26.4M+11.6% | $23.7M-62.7% | $63.5M+1045.1% | $5.5M-1.6% | $5.6M+46.1% | $3.9M | N/A | N/A | N/A |
| Income Tax | -$122Kn/m | -$285Kn/m | -$152K-131.7% | $479Kn/m | -$154K-122.2% | $696Kn/m | -$58K | N/A | N/A |
| Net Income | -$23.0Mn/m | -$26.1Mn/m | -$132.6Mn/m | -$194.5Mn/m | -$169.3Mn/m | -$386.2Mn/m | -$282.5Mn/m | -$14.6Mn/m | -$1.6M |
| EPS (Basic) | -$0.59n/m | -$0.61 | -$1.97n/m | -$2.79n/m | -$2.40n/m | -$5.66 | -$7.66 | -$0.61n/m | -$0.06 |
| EPS (Diluted) | -$0.59n/m | -$0.61 | -$1.97n/m | -$2.79n/m | -$2.40n/m | -$5.66 | -$7.66 | -$0.61n/m | -$0.06 |
| Diluted Shares (Avg) | 77M0.0% | 77M | 77M+1.1% | 76M+4.5% | 73M | N/A | N/A | N/A | N/A |
QTTOY 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 | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $65.6M+12.6% | $58.2M-30.9% | $84.3M-74.2% | $326.5M-26.9% | $446.9M+5.8% | $422.3M+5.5% | $400.3M+446.5% | $73.2M | N/A |
| Current Assets | $59.7M+21.4% | $49.2M-29.6% | $69.9M-76.1% | $292.3M-22.9% | $378.9M-2.0% | $386.7M+1.2% | $381.9M+433.0% | $71.7M | N/A |
| Cash & Equivalents | $9.3M-11.8% | $10.5M-40.9% | $17.8M-52.8% | $37.7M-50.2% | $75.8M+51.7% | $50.0M-84.3% | $318.0M+643.0% | $42.8M+110517.1% | $39K |
| Short-Term Investments | $0n/m | $0-100.0% | $3.8M-92.9% | $53.8M-10.2% | $59.9M-67.3% | $183.4M+992.4% | $16.8M-15.8% | $19.9Mn/m | $0 |
| Accounts Receivable | $26.6M+157.0% | $10.4M-39.1% | $17.0M-85.9% | $121.0M+7.0% | $113.1M+49.4% | $75.7M+155.1% | $29.7M+346.3% | $6.6M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0-100.0% | $222K-98.3% | $12.7M+135.3% | $5.4Mn/m | $0n/m | $0n/m | $0 |
| Goodwill | N/A | $1.0M-2.9% | $1.1M-7.6% | $1.1M+2.4% | $1.1M+6.7% | $1.0M-1.2% | $1.1M | N/A | N/A |
| Total Liabilities | $656.7M+7.2% | $612.8M+1.3% | $604.9M-13.8% | $701.4M+9.1% | $643.2M+42.2% | $452.4M+171.8% | $166.4M+85.1% | $89.9M | N/A |
| Current Liabilities | $115.7M+1.7% | $113.8M-20.7% | $143.5M-72.0% | $512.1M+77.2% | $289.0M+7.3% | $269.4M+66.7% | $161.6M+237.8% | $47.8M | N/A |
| Non-Current Liabilities | $298.5M+8.1% | $276.0M+7.7% | $256.3M+4684.3% | $5.4M-97.1% | $187.2M+2.3% | $183.0M+3676.3% | $4.8M-88.5% | $42.1M | N/A |
| Long-Term Debt | $297.1M+8.5% | $273.9M+8.2% | $253.2M | N/A | $180.1M+2.8% | $175.1M | N/A | N/A | N/A |
| Total Equity | -$591.2Mn/m | -$554.6Mn/m | -$520.6Mn/m | -$375.0Mn/m | -$196.3Mn/m | -$100.8M-145.7% | $220.3Mn/m | -$16.7Mn/m | -$1.6M |
| Retained Earnings | -$1.2Bn/m | -$1.2Bn/m | -$1.2Bn/m | -$1.2Bn/m | -$920.6Mn/m | -$698.4Mn/m | -$313.2Mn/m | -$18.1M | N/A |
Not reported in any period shown, so not listed: Inventory.
QTTOY 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.
| Metric | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $525Kn/m | -$9.3Mn/m | -$64.3Mn/m | -$43.8Mn/m | -$132.4Mn/m | -$340.0Mn/m | -$63.2M-411.1% | $20.3M+1009.3% | $1.8M |
| Depreciation & Amortization | $9K-98.5% | $612K+81.6% | $337K-80.7% | $1.7M-6.3% | $1.9M+29.5% | $1.4M+130.2% | $624K+1129.7% | $51K+1549.8% | $3K |
| Stock-Based Compensation | $938K-82.1% | $5.3M-48.3% | $10.2M-67.6% | $31.4M-55.7% | $71.0M+81.7% | $39.1M-71.8% | $138.4M+26552.0% | $519K+815.7% | $57K |
| Capital Expenditures | $20K+168.4% | $8K+649.4% | $1K-99.9% | $1.2M+25.7% | $950K-69.0% | $3.1M+41.3% | $2.2M+210.9% | $698K+3063.0% | $22K |
| Free Cash Flow | $504Kn/m | -$9.3Mn/m | -$64.3Mn/m | -$45.0Mn/m | -$133.3Mn/m | -$343.1Mn/m | -$65.4M-433.3% | $19.6M+984.3% | $1.8M |
| Investing Cash Flow | -$20K-100.5% | $3.7M-90.4% | $38.8M+227.3% | $11.9M-90.1% | $119.9Mn/m | -$175.8Mn/m | -$10.5Mn/m | -$18.7Mn/m | -$1.8M |
| Financing Cash Flow | N/A | N/A | -$2.9Mn/m | -$10.4M-122.0% | $47.2M-81.4% | $254.0M-24.0% | $334.2M+699.1% | $41.8M | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $20.4M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
QTTOY 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.
| Metric | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing | FY17Filing | FY16Filing |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.2%+1.0pp | 44.2%-3.8pp | 48.0%-24.9pp | 73.0%+4.7pp | 68.3%-2.2pp | 70.5%-12.8pp | 83.3%-1.9pp | 85.2%-2.4pp | 87.6% |
| Operating Margin | 3.3%+3.5pp | -0.3%+29.2pp | -29.4%-1.9pp | -27.5%-8.0pp | -19.5%+29.4pp | -48.9%+16.7pp | -65.6%-47.1pp | -18.4%+0.4pp | -18.8% |
| Net Margin | -16.4%+8.5pp | -24.9%+59.6pp | -84.5%-55.9pp | -28.6%-7.7pp | -20.9%+27.4pp | -48.3%+16.0pp | -64.3%-46.0pp | -18.3%+0.4pp | -18.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | -128.3% | N/A | N/A |
| Return on Assets | -35.0%+9.8pp | -44.8%+112.5pp | -157.3%-97.7pp | -59.6%-21.7pp | -37.9%+53.6pp | -91.5%-20.9pp | -70.6%-50.7pp | -19.9% | N/A |
| Current Ratio | 0.52+0.1x | 0.43-0.1x | 0.49-0.1x | 0.57-0.7x | 1.31-0.1x | 1.44-0.9x | 2.36+0.9x | 1.50 | N/A |
| Liabilities-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | 0.76 | N/A | N/A |
| Asset Turnover | 2.13+0.3x | 1.80-0.1x | 1.86-0.2x | 2.09+0.3x | 1.81-0.1x | 1.89+0.8x | 1.100.0x | 1.08 | N/A |
| FCF Margin | 0.4%+9.2pp | -8.8%+32.2pp | -41.0%-34.4pp | -6.6%+9.8pp | -16.5%+26.4pp | -42.9%-28.0pp | -14.9%-39.6pp | 24.7%+3.0pp | 21.7% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Note: Shareholder equity is negative (-$591.2M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.52), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Qutoutiao Inc Ranks
Frequently Asked Questions
Qutoutiao Inc (QTTOY) reported $140.0M in total revenue for fiscal year 2024. This represents a 33.3% 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.
Qutoutiao Inc (QTTOY) revenue grew by 33.3% year-over-year, from $105.0M to $140.0M in fiscal year 2024.
No, Qutoutiao Inc (QTTOY) reported a net loss of $23.0M in fiscal year 2024, with a net profit margin of -16.4%.
Qutoutiao Inc (QTTOY) had EBITDA of $4.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2024, Qutoutiao Inc (QTTOY) had $9.3M in cash and equivalents against $297.1M in long-term debt.
Qutoutiao Inc (QTTOY) had a gross margin of 45.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
Qutoutiao Inc (QTTOY) had an operating margin of 3.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
Qutoutiao Inc (QTTOY) had a net profit margin of -16.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Qutoutiao Inc (QTTOY) generated $504K in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Qutoutiao Inc (QTTOY) generated $525K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
Qutoutiao Inc (QTTOY) had $65.6M in total assets as of fiscal year 2024, including both current and long-term assets.
Qutoutiao Inc (QTTOY) invested $20K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Qutoutiao Inc (QTTOY) invested $9.7M in research and development during fiscal year 2024.
Qutoutiao Inc (QTTOY) had a current ratio of 0.52 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
Qutoutiao Inc (QTTOY) had a return on assets of -35.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Qutoutiao Inc (QTTOY) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $9K as of Nov 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Qutoutiao Inc (QTTOY) trades at 0.0x sales, its market capitalization divided by $140.0M revenue, FY2024. The market capitalization is $9K as of Nov 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Qutoutiao Inc (QTTOY) has negative shareholder equity of -$591.2M as of fiscal year 2024, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Qutoutiao Inc (QTTOY) has an Altman Z-Score of -25.14, 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.
Qutoutiao Inc (QTTOY) has a Piotroski F-Score of 7 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.
Qutoutiao Inc (QTTOY) reported a net loss of $23.0M while generating $525K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.
Qutoutiao Inc (QTTOY) has an interest coverage ratio of 0.17x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.