Sohu Com Ltd Financials
Sohu Com Ltd (SOHU) reported $584.3M in revenue for fiscal year 2025, down 2.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
High gross margins are being absorbed by a persistent R&D-heavy cost base, leaving the business near cash breakeven but operationally unprofitable.
FY2025's reported profit was not an operating rebound: despite net income of$394.1M , the company posted an operating loss of-$93.8M and operating cash flow of-$4.8M , so the bottom-line swing came from a tax benefit rather than the core business. Across FY2023-FY2025, revenue stayed in a tight band between$584M and$601M while operating margins remained between-14.5% and-18.3% , showing that stable sales alone have not covered the standing expense base.
The business is asset-light: capital spending was only
The liability load fell sharply, with total liabilities dropping from
Financial Health Signals
Scored against emerging 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 Sohu Com 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.
Sohu Com Ltd scores 1.83, placing it in the grey zone between 1.81 and 2.99. 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.
Sohu Com Ltd passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Sohu Com Ltd used $0.01 of operating cash (-$4.8M OCF vs $394.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Sohu Com Ltd generated $584.3M in revenue in fiscal year 2025. This represents a decrease of 2.4% from the prior year.
Sohu Com Ltd's EBITDA was -$68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.8% from the prior year.
Sohu Com Ltd reported $394.1M in net income in fiscal year 2025. This represents an increase of 493.0% from the prior year.
Sohu Com Ltd earned $13.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 546.0% from the prior year.
Cash & Balance Sheet
Sohu Com Ltd recorded an outflow of $5.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 89.2% from the prior year.
Sohu Com Ltd held $128.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Sohu Com Ltd's gross margin was 77.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.2 percentage points from the prior year.
Sohu Com Ltd's operating margin was -16.1% in fiscal year 2025, reflecting core business profitability. This is up 2.2 percentage points from the prior year.
Sohu Com Ltd's net profit margin was 67.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 84.2 percentage points from the prior year.
Sohu Com Ltd's ROE was 30.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 41.7 percentage points from the prior year.
Capital Allocation
Sohu Com Ltd invested $247.5M in research and development in fiscal year 2025. This represents a decrease of 3.0% from the prior year.
Sohu Com Ltd spent $54.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 32.3% from the prior year.
Sohu Com Ltd invested $576K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 56.2% from the prior year.
SOHU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $584.3M-2.4% | $598.4M-0.4% | $600.7M-18.2% | $733.9M-12.2% | $835.6M+11.4% | $749.9M+11.3% | $673.8M-2.4% | $690.2M-61.0% | $1.8B+7.2% | $1.7B |
| Cost of Revenue | $131.5M-20.7% | $165.8M+13.8% | $145.8M-23.9% | $191.6M-6.4% | $204.7M-5.9% | $217.4M-10.8% | $243.6M-15.7% | $289.0M-69.6% | $950.3M+10.5% | $859.8M |
| Gross Profit | $452.8M+4.7% | $432.6M-4.9% | $454.9M-16.1% | $542.3M-14.0% | $630.9M+18.5% | $532.5M+23.8% | $430.2M+7.2% | $401.2M-51.0% | $819.3M+3.6% | $790.6M |
| R&D Expenses | $247.5M-3.0% | $255.2M-8.8% | $279.8M+7.3% | $260.8M-3.0% | $268.9M+11.1% | $241.9M+3.0% | $234.9M-4.6% | $246.2M-40.3% | $412.2M+16.7% | $353.1M |
| SG&A Expenses | $73.2M+43.8% | $50.9M+4.0% | $48.9M-14.0% | $56.9M-30.5% | $81.9M+42.8% | $57.4M+5.1% | $54.6M-22.2% | $70.1M-41.1% | $119.0M-0.7% | $119.8M |
| Operating Income | -$93.8M+14.3% | -$109.4M-25.3% | -$87.3M-9901.1% | -$873K-100.9% | $97.5M+32.8% | $73.4M+203.1% | -$71.2M+57.7% | -$168.4M+11.0% | -$189.2M-61.5% | -$117.1M |
| Interest Expense | N/A | N/A | $0 | $0-100.0% | $7.5M+20.3% | $6.2M-56.6% | $14.4M-18.1% | $17.5M | N/A | N/A |
| Income Tax | -$443.6M-951.9% | $52.1M-13.8% | $60.4M+4.3% | $57.9M-7.0% | $62.3M-53.2% | $133.2M+368.6% | $28.4M+294.9% | -$14.6M-105.3% | $272.6M+1193.8% | $21.1M |
| Net Income | $394.1M+493.0% | -$100.3M-230.1% | -$30.4M-75.2% | -$17.3M-101.9% | $927.7M+1177.3% | -$86.1M+42.3% | -$149.3M+6.7% | -$160.1M+71.1% | -$554.5M-147.5% | -$224.0M |
| EPS (Diluted) | $13.96+546.0% | -$3.13-251.7% | -$0.89-78.0% | -$0.50-102.1% | $23.49+1172.6% | -$2.19+42.8% | -$3.83+7.3% | -$4.13+71.1% | -$14.30-145.3% | -$5.83 |
SOHU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B-5.7% | $1.7B-7.8% | $1.9B-4.8% | $2.0B-11.9% | $2.2B-20.4% | $2.8B+4.8% | $2.7B-20.1% | $3.4B-0.5% | $3.4B | N/A |
| Current Assets | $967.9M-7.1% | $1.0B-6.7% | $1.1B-15.7% | $1.3B-16.6% | $1.6B-29.5% | $2.3B+11.9% | $2.0B-15.6% | $2.4B-9.2% | $2.6B | N/A |
| Cash & Equivalents | $128.3M-19.8% | $159.9M-55.9% | $362.5M-48.1% | $697.8M-30.1% | $998.9M+360.2% | $217.1M+33.4% | $162.7M-80.2% | $819.5M-39.9% | $1.4B+29.8% | $1.1B |
| Accounts Receivable | $43.3M-19.4% | $53.8M-24.9% | $71.6M+6.0% | $67.5M-18.2% | $82.5M-5.7% | $87.5M-30.6% | $126.1M-52.3% | $264.4M+5.6% | $250.5M | N/A |
| Goodwill | $10.3M-78.2% | $46.9M-0.5% | $47.2M-0.5% | $47.4M-2.9% | $48.8M+0.8% | $48.4M+2.2% | $47.4M-0.5% | $47.6M-33.4% | $71.6M+4.8% | $68.3M |
| Total Liabilities | $358.0M-55.9% | $812.0M-1.3% | $822.8M-5.1% | $867.1M-9.1% | $953.6M-61.5% | $2.5B+9.3% | $2.3B-18.6% | $2.8B+5.4% | $2.6B | N/A |
| Current Liabilities | $333.7M+3.6% | $322.0M-6.0% | $342.4M-17.9% | $416.9M-17.2% | $503.5M-60.8% | $1.3B+16.7% | $1.1B-12.3% | $1.3B+8.6% | $1.2B | N/A |
| Total Equity | $1.3B+38.5% | $922.3M-12.9% | $1.1B-4.6% | $1.1B-14.1% | $1.3B+271.6% | $347.4M-18.9% | $428.5M-27.2% | $588.8M-21.6% | $750.6M-51.8% | $1.6B |
| Retained Earnings | $539.2M+271.5% | $145.1M-40.9% | $245.4M-11.0% | $275.8M-5.9% | $293.1M+146.2% | -$634.6M-16.6% | -$544.1M-37.8% | -$394.8M-63.0% | -$242.2M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
SOHU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.8M+90.1% | -$48.0M-87.8% | -$25.6M-179.3% | $32.2M+151.8% | -$62.3M-165.4% | $95.2M-54.8% | $210.6M+150.6% | $84.0M-55.2% | $187.7M-21.7% | $239.6M |
| Capital Expenditures | $576K-56.2% | $1.3M-59.2% | $3.2M-62.1% | $8.5M+26.6% | $6.7M+6.0% | $6.3M-58.0% | $15.1M-40.2% | $25.2M-68.0% | $78.7M-25.1% | $105.1M |
| Free Cash Flow | -$5.3M+89.2% | -$49.3M-71.3% | -$28.8M-221.3% | $23.7M+134.4% | -$69.0M-177.6% | $88.9M-54.5% | $195.5M+232.5% | $58.8M-46.0% | $109.0M-19.0% | $134.6M |
| Investing Cash Flow | $24.8M+121.9% | -$113.4M+61.1% | -$291.7M-25.3% | -$232.8M-145.1% | $516.7M+23.1% | $419.8M+194.7% | -$443.2M+3.5% | -$459.2M+35.7% | -$714.5M-73.6% | -$411.6M |
| Financing Cash Flow | -$54.1M-32.3% | -$40.9M-523.1% | -$6.6M+92.0% | -$82.1M+81.1% | -$434.1M-563.9% | $93.6M+118.2% | -$513.2M-632.7% | $96.3M-88.0% | $802.0M+344.6% | -$327.9M |
| Share Buybacks | $54.1M+32.3% | $40.9M+523.1% | $6.6M-92.0% | $82.1M+371.6% | $17.4M | $0 | $0 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
SOHU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.5%+5.2pp | 72.3%-3.4pp | 75.7%+1.8pp | 73.9%-1.6pp | 75.5%+4.5pp | 71.0%+7.2pp | 63.8%+5.7pp | 58.1%+11.8pp | 46.3%-1.6pp | 47.9% |
| Operating Margin | -16.1%+2.2pp | -18.3%-3.7pp | -14.5%-14.4pp | -0.1%-11.8pp | 11.7%+1.9pp | 9.8%+20.4pp | -10.6%+13.8pp | -24.4%-13.7pp | -10.7%-3.6pp | -7.1% |
| Net Margin | 67.4%+84.2pp | -16.8%-11.7pp | -5.1%-2.7pp | -2.4% | 111.0% | -11.5%+10.7pp | -22.2%+1.0pp | -23.2%+8.2pp | -31.3%-17.8pp | -13.6% |
| Return on Equity | 30.8%+41.7pp | -10.9%-8.0pp | -2.9%-1.3pp | -1.6%-73.4pp | 71.9%+96.7pp | -24.8%+10.1pp | -34.8%-7.7pp | -27.2%+46.7pp | -73.9%-59.5pp | -14.4% |
| Return on Assets | 24.1%+29.9pp | -5.8%-4.2pp | -1.6%-0.7pp | -0.9%-42.2pp | 41.3%+44.4pp | -3.0%+2.5pp | -5.5%-0.8pp | -4.8%+11.6pp | -16.4% | N/A |
| Current Ratio | 2.90-0.3x | 3.240.0x | 3.26+0.1x | 3.180.0x | 3.16+1.4x | 1.76-0.1x | 1.83-0.1x | 1.90-0.4x | 2.28 | N/A |
| Debt-to-Equity | 0.28-0.6x | 0.88+0.1x | 0.780.0x | 0.780.0x | 0.74-6.4x | 7.12+1.8x | 5.28+0.6x | 4.72+1.2x | 3.52 | N/A |
| FCF Margin | -0.9%+7.3pp | -8.2%-3.5pp | -4.8%-8.0pp | 3.2%+11.5pp | -8.3%-20.1pp | 11.8%-17.2pp | 29.0%+20.5pp | 8.5%+2.4pp | 6.2%-2.0pp | 8.2% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Sohu Com Ltd Ranks
Frequently Asked Questions
What is Sohu Com Ltd's annual revenue?
Sohu Com Ltd (SOHU) reported $584.3M in total revenue for fiscal year 2025. This represents a -2.4% 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 Sohu Com Ltd's revenue growing?
Sohu Com Ltd (SOHU) revenue declined by 2.4% year-over-year, from $598.4M to $584.3M in fiscal year 2025.
Is Sohu Com Ltd profitable?
Yes, Sohu Com Ltd (SOHU) reported a net income of $394.1M in fiscal year 2025, with a net profit margin of 67.4%.
What is Sohu Com Ltd's EBITDA?
Sohu Com Ltd (SOHU) had EBITDA of -$68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sohu Com Ltd's gross margin?
Sohu Com Ltd (SOHU) had a gross margin of 77.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sohu Com Ltd's operating margin?
Sohu Com Ltd (SOHU) had an operating margin of -16.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Sohu Com Ltd's net profit margin?
Sohu Com Ltd (SOHU) had a net profit margin of 67.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Sohu Com Ltd's return on equity (ROE)?
Sohu Com Ltd (SOHU) has a return on equity of 30.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sohu Com Ltd's free cash flow?
Sohu Com Ltd (SOHU) recorded an outflow of $5.3M in free cash flow during fiscal year 2025. This represents a 89.2% 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 Sohu Com Ltd's operating cash flow?
Sohu Com Ltd (SOHU) recorded an outflow of $4.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Sohu Com Ltd's total assets?
Sohu Com Ltd (SOHU) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Sohu Com Ltd's capital expenditures?
Sohu Com Ltd (SOHU) invested $576K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Sohu Com Ltd spend on research and development?
Sohu Com Ltd (SOHU) invested $247.5M in research and development during fiscal year 2025.
What is Sohu Com Ltd's current ratio?
Sohu Com Ltd (SOHU) had a current ratio of 2.90 as of fiscal year 2025, which is generally considered healthy.
What is Sohu Com Ltd's debt-to-equity ratio?
Sohu Com Ltd (SOHU) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sohu Com Ltd's return on assets (ROA)?
Sohu Com Ltd (SOHU) had a return on assets of 24.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Sohu Com Ltd's cash runway?
Based on fiscal year 2025 data, Sohu Com Ltd (SOHU) had $128.3M in cash against an annual operating cash burn of $4.8M. This gives an estimated cash runway of approximately 323 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 Sohu Com Ltd's Altman Z-Score?
Sohu Com Ltd (SOHU) has an Altman Z-Score of 1.83, 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 Sohu Com Ltd's Piotroski F-Score?
Sohu Com Ltd (SOHU) has a Piotroski F-Score of 5 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.
Are Sohu Com Ltd's earnings high quality?
For every $1 of reported earnings, Sohu Com Ltd (SOHU) used $0.01 of operating cash (-$4.8M OCF vs $394.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Sohu Com Ltd?
Sohu Com Ltd (SOHU) scores 71 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.