What is Sohu Com Ltd's earnings per share (EPS)?

Sohu Com Ltd (SOHU) reported diluted earnings per share of $13.96 for fiscal year 2025. This represents a 546.0% 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.

Sohu Com Ltd Financials

SOHU

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

This page shows Sohu Com Ltd (SOHU) financial statements, including the 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).

Rhea AI SOHU FY2025 2026-04-22

Reported profit rebounded on non-operating mechanics, while the core business still consumed cash and carried a lighter balance sheet.

FY2025's swing to net income after FY2024's loss did not reflect an operating turnaround: operating income remained near -$94M and operating cash flow stayed slightly negative at -$5M. The decisive bridge was a tax benefit of $444M, so the gap between reported earnings and cash widened rather than closed.

Gross margin recovery to 77.5% from 72.3% did not rescue profitability on its own. R&D spending stayed large at $248M, suggesting the business still carries a sizable fixed cost base relative to revenue just under $600M.

Balance-sheet pressure eased as total liabilities fell to $358M and debt-to-equity moved down to 0.3x. But buybacks still ran at $54M while free cash flow stayed slightly negative, showing capital was used to shrink the share base rather than rebuild a large cash buffer.

Financial Health Signals

Financial Health Score 72/100

Scored as: Emerging companies peer group

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.

Cash Runway

Dilution

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

1.67

Sohu Com Ltd scores 1.67, below the 1.81 distress threshold. 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.

Piotroski F-Score Partial

5/8

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.

Earnings Quality Low Quality

-0.01x

For every $1 of reported earnings, Sohu Com Ltd generates $-0.01 in operating cash flow (-$4.8M OCF vs $394.1M 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

$584.3M

YoY-2.4%

5Y CAGR-4.9%

Sohu Com Ltd generated $584.3M in revenue in fiscal year 2025. This represents a decrease of 2.4% from the prior year.

EBITDA

-$68.8M

YoY+18.8%

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.

Net Income

$394.1M

YoY+493.0%

Sohu Com Ltd reported $394.1M in net income in fiscal year 2025. This represents an increase of 493.0% from the prior year.

EPS (Diluted)

$13.96

YoY+546.0%

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

Free Cash Flow

-$5.3M

YoY+89.2%

Sohu Com Ltd generated -$5.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 89.2% from the prior year.

Cash & Debt

$128.3M

YoY-19.8%

5Y CAGR-10.0%

Sohu Com Ltd held $128.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

26M

YoY-13.3%

5Y CAGR-7.9%

Sohu Com Ltd had 26M shares outstanding in fiscal year 2025. This represents a decrease of 13.3% from the prior year.

Margins & Returns

Gross Margin

77.5%

YoY+5.2pp

5Y CAGR+6.5pp

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.

Operating Margin

-16.1%

YoY+2.2pp

5Y CAGR-25.8pp

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.

Net Margin

67.4%

YoY+84.2pp

5Y CAGR+78.9pp

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.

Return on Equity

30.8%

YoY+41.7pp

5Y CAGR+55.6pp

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

R&D Spending

$247.5M

YoY-3.0%

5Y CAGR+0.5%

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.

Share Buybacks

$54.1M

YoY+32.3%

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.

Capital Expenditures

$576K

YoY-56.2%

5Y CAGR-38.1%

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

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$584.3M-2.4%	$598.4M-0.4%	$600.7M-18.2%	$733.9M-12.2%	$835.6M+11.4%	$749.9M
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
Gross Profit	$452.8M+4.7%	$432.6M-4.9%	$454.9M-16.1%	$542.3M-14.0%	$630.9M+18.5%	$532.5M
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
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
Operating Income	-$93.8M+14.3%	-$109.4M-25.3%	-$87.3M-9901.1%	-$873K-100.9%	$97.5M+32.8%	$73.4M
Interest Expense	N/A	N/A	$0	$0-100.0%	$7.5M+20.3%	$6.2M
Income Tax	-$443.6M-951.9%	$52.1M-13.8%	$60.4M+4.3%	$57.9M-7.0%	$62.3M-53.2%	$133.2M
Net Income	$394.1M+493.0%	-$100.3M-230.1%	-$30.4M-75.2%	-$17.3M-101.9%	$927.7M+1177.3%	-$86.1M
EPS (Diluted)	$13.96+546.0%	$-3.13-251.7%	$-0.89-78.0%	$-0.50-102.1%	$23.49+1172.6%	$-2.19

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

SOHU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.6B-5.7%	$1.7B-7.8%	$1.9B-4.8%	$2.0B-11.9%	$2.2B-20.4%	$2.8B
Current Assets	$967.9M-7.1%	$1.0B-6.7%	$1.1B-15.7%	$1.3B-16.6%	$1.6B-29.5%	$2.3B
Cash & Equivalents	$128.3M-19.8%	$159.9M-55.9%	$362.5M-48.1%	$697.8M-30.1%	$998.9M+360.2%	$217.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$43.3M-19.4%	$53.8M-24.9%	$71.6M+6.0%	$67.5M-18.2%	$82.5M-5.7%	$87.5M
Goodwill	$10.3M-78.2%	$46.9M-0.5%	$47.2M-0.5%	$47.4M-2.9%	$48.8M+0.8%	$48.4M
Total Liabilities	$358.0M-55.9%	$812.0M-1.3%	$822.8M-5.1%	$867.1M-9.1%	$953.6M-61.5%	$2.5B
Current Liabilities	$333.7M+3.6%	$322.0M-6.0%	$342.4M-17.9%	$416.9M-17.2%	$503.5M-60.8%	$1.3B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	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
Retained Earnings	$539.2M+271.5%	$145.1M-40.9%	$245.4M-11.0%	$275.8M-5.9%	$293.1M+146.2%	-$634.6M

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

SOHU Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Capital Expenditures	$576K-56.2%	$1.3M-59.2%	$3.2M-62.1%	$8.5M+26.6%	$6.7M+6.0%	$6.3M
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
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
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
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$54.1M+32.3%	$40.9M+523.1%	$6.6M-92.0%	$82.1M+371.6%	$17.4M	$0

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

SOHU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	77.5%+5.2pp	72.3%-3.4pp	75.7%+1.8pp	73.9%-1.6pp	75.5%+4.5pp	71.0%
Operating Margin	-16.1%+2.2pp	-18.3%-3.7pp	-14.5%-14.4pp	-0.1%-11.8pp	11.7%+1.9pp	9.8%
Net Margin	67.4%+84.2pp	-16.8%-11.7pp	-5.1%-2.7pp	-2.4%-113.4pp	111.0%+122.5pp	-11.5%
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%
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%
Current Ratio	2.90-0.3	3.24-0.0	3.26+0.1	3.18+0.0	3.16+1.4	1.76
Debt-to-Equity	0.28-0.6	0.88+0.1	0.780.0	0.78+0.0	0.74-6.4	7.12
FCF Margin	-0.9%+7.3pp	-8.2%-3.5pp	-4.8%-8.0pp	3.2%+11.5pp	-8.3%-20.1pp	11.8%

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	2.90-0.3	3.24-0.0	3.26+0.1	3.18+0.0	3.16+1.4	1.76-0.1	1.83-0.1	1.90
Debt-to-Equity	0.28-0.6	0.88+0.1	0.780.0	0.78+0.0	0.74-6.4	7.12+1.8	5.28+0.6	4.72
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 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) generated -$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) generated -$4.8M in operating cash flow during fiscal year 2025, representing cash generated from 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.

Does Sohu Com Ltd buy back shares?

Yes, Sohu Com Ltd (SOHU) spent $54.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Sohu Com Ltd have outstanding?

Sohu Com Ltd (SOHU) had 26M shares outstanding as of 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 1.67, 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.

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?

Sohu Com Ltd (SOHU) has an earnings quality ratio of -0.01x, 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 Sohu Com Ltd?

Sohu Com Ltd (SOHU) scores 72 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.