iQIYI Files Its Annual Report on Form 20-F

iQIYI (Nasdaq: IQ) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission on March 16, 2026 (U.S. Eastern Time).

Rhea-AI Summary

iQIYI (Nasdaq: IQ) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission on March 16, 2026 (U.S. Eastern Time).

The annual report is available on the company’s investor relations website and a free hard copy of the audited consolidated financial statements will be provided to shareholders and ADS holders upon request at the Investor Relations Department address in Beijing.

Argus Mar 16 session

-1.53% close to close Open Argus

Details

News Market Reaction – IQ

On Mar 16, the day this news came out, IQ closed 1.53% below the previous close.

Data tracked by StockTitan Argus for the Mar 16 session.

Market Context

This announcement formalized iQIYI’s 2025 results and risk disclosures in its Form 20-F, including R...

Analysis

This announcement formalized iQIYI’s 2025 results and risk disclosures in its Form 20-F, including RMB 27.3 billion in revenue and a RMB 204 million net loss after two profitable years. The filing also highlighted 6.75 billion ordinary shares outstanding and that VIEs generated 88% of 2025 revenue. Investors monitoring this update would likely focus on how these figures relate to prior 6-K earnings releases and the structural and regulatory risks outlined for its China-based operations.

Key Figures

2025 revenue: RMB 27.3 billion 2025 revenue (USD): US$3.90 billion 2025 net loss: RMB 204 million +3 more

2025 revenue

RMB 27.3 billion

Full year 2025 revenue disclosed in Form 20-F

2025 revenue (USD)

US$3.90 billion

Full year 2025 revenue disclosed in Form 20-F

2025 net loss

RMB 204 million

Full year 2025 net result after two profitable years

Ordinary shares outstanding

6.75 billion shares

Ordinary shares outstanding as of December 31, 2025

ADS to share ratio

7 Class A shares per ADS

Each ADS represents seven Class A ordinary shares

VIE revenue contribution

88% of 2025 revenue

Portion of 2025 revenue generated by PRC variable interest entities

Historical Context

5 past events · Latest: Feb 26

5 events

1. Feb 26

   Q4/FY25 earnings

   24h Move

   -3.4%

   Mixed Q4 and weaker 2025 results with revenue decline and net loss.

2. Feb 10

   Notes repurchase right

   24h Move

   +1.0%

   Notification of holder repurchase right for 6.50% notes due 2028.

3. Jan 22

   Earnings date set

   24h Move

   +4.0%

   Announcement of timing and call details for Q4/FY25 results.

4. Jan 20

   CFO leadership change

   24h Move

   -1.0%

   CFO resignation and appointment of Interim CFO to oversee transition.

5. Nov 18

   Q3 2025 earnings

   24h Move

   +6.3%

   Revenue declines and return to losses versus prior-year profitability.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 20-f, annual report, audited consolidated financial statements, ads

4 terms

form 20-f regulatory

"announced that it filed its annual report on Form 20-F for the fiscal year"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

annual report financial

"announced that it filed its annual report on Form 20-F for the fiscal year"

An annual report is a comprehensive, year-end document a publicly traded company issues that presents its financial statements, management’s discussion of results, business strategy, and key risks. Investors use it like a combined report card and roadmap to judge a company’s financial health, how it makes money, and whether its plans and risks are likely to raise or lower future value, helping inform buy, hold, or sell decisions.

audited consolidated financial statements financial

"annual report containing the audited consolidated financial statements, free of charge"

A set of financial reports that combine a parent company and all its subsidiaries into one overall picture, examined and verified by an independent auditor. Think of it as a household budget that merges every family member’s accounts and is then checked by a neutral accountant; it gives investors a single, trustworthy view of the group’s assets, debts, income and cash flow. That independent check matters because it reduces the chance of hidden problems and helps investors compare companies on a level playing field.

ads financial

"its shareholders and ADS holders upon request. Requests should be directed"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, March 16, 2026 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission on March 16, 2026, U.S. Eastern Time. The annual report can be accessed on the Company’s investor relations website at http://ir.iqiyi.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, iQIYI, Inc., 4/F, iQIYI Youth Center, Yoolee Plaza, No. 21, North Road of Workers' Stadium, Chaoyang District, Beijing 100027, People’s Republic of China.

About iQIYI, Inc.

iQIYI, Inc. is a leading provider of online entertainment video services in China. It combines creative talent with technology to foster an environment for continuous innovation and the production of blockbuster content. It produces, aggregates and distributes a wide variety of professionally produced content, as well as a broad spectrum of other video content in a variety of formats. iQIYI distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. Over time, iQIYI has built a massive user base and developed a diversified monetization model including membership services, online advertising services, content distribution, online games, talent agency, experience business, etc.

For more information, please contact:
Investor Relations
iQIYI, Inc.
ir@qiyi.com

Source: iQIYI, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When did iQIYI (IQ) file its Form 20-F for fiscal year 2025?

iQIYI filed its Form 20-F on March 16, 2026. According to iQIYI, the filing covers the fiscal year ended December 31, 2025 and was submitted on U.S. Eastern Time.

Where can investors access iQIYI's 2025 annual report (Form 20-F)?

Investors can access the annual report on iQIYI's investor relations website. According to iQIYI, the Form 20-F is posted at http://ir.iqiyi.com for viewing and download.

Can shareholders request a physical copy of iQIYI's audited financial statements?

Yes. iQIYI will provide a free hard copy of the audited consolidated financial statements upon request. According to iQIYI, requests should be directed to its Investor Relations Department in Beijing.

What fiscal period does the iQIYI Form 20-F filed March 16, 2026 cover?

The filing covers the fiscal year ended December 31, 2025. According to iQIYI, the Form 20-F documents results and disclosures for that full fiscal year.

Who should ADS holders contact to request iQIYI's annual report hard copy?

ADS holders should contact iQIYI's Investor Relations Department in Beijing to request the free hard copy. According to iQIYI, the request address is provided for shareholder and ADS holder inquiries.