Stocks · Communication · Services-Video Tape Rental

iQIYI, Inc.

IQ Clue Score32
Cayman Islands Fiscal year ends December CIK 0001722608
$1.02 +0.99% Close, 9 Oct 2026
Price $1.02 −88.67% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 29 Mar 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue11.24Operating income−2.79Net income−3.07EPS, diluted−23.20Fiscal year 2017Revenue17.38 +54.6%Operating income−3.95Net income−3.74EPS, diluted−1.15Fiscal year 2018Revenue24.99 +43.8%Operating income−8.31Net income−9.11Fiscal year 2019Revenue28.99 +16.0%Operating income−9.26Net income−10.32Fiscal year 2020Revenue29.71 +2.5%Operating income−6.04Net income−7.04Fiscal year 2021Revenue30.55 +2.9%Operating income−4.48Net income−6.17Fiscal year 2022Revenue29.00 −5.1%Operating income1.31Net income−0.14Fiscal year 2023Revenue31.87 +9.9%Operating income2.99Net income1.93Fiscal year 2024Revenue29.23 −8.3%Operating income1.81Net income0.76 −60.3%Fiscal year 2025Revenue27.29 −6.6%Operating income0.23Net income−0.21 −127.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 11.24 17.38 24.99 28.99 29.71 30.55 29.00 31.87 29.23 27.29
Growth +54.6% +43.8% +16.0% +2.5% +2.9% −5.1% +9.9% −8.3% −6.6%
Operating income −2.79 −3.95 −8.31 −9.26 −6.04 −4.48 1.31 2.99 1.81 0.23
Net income −3.07 −3.74 −9.11 −10.32 −7.04 −6.17 −0.14 1.93 0.76 −0.21
Growth −60.3% −127.0%
EPS, diluted −23.20 −1.15 n/a n/a n/a n/a n/a n/a n/a n/a

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−24.8%Net margin−27.4%Free cash flow margin19.7%Fiscal year 2017Operating margin−22.7%Net margin−21.5%Free cash flow margin17.2%Fiscal year 2018Operating margin−33.2%Net margin−36.5%Free cash flow margin9.1%Fiscal year 2019Operating margin−31.9%Net margin−35.6%Free cash flow margin10.9%Fiscal year 2020Operating margin−20.3%Net margin−23.7%Free cash flow margin−19.0%Fiscal year 2021Operating margin−14.7%Net margin−20.2%Free cash flow margin−20.3%Fiscal year 2022Operating margin4.5%Net margin−0.5%Free cash flow margin−0.8%Fiscal year 2023Operating margin9.4%Net margin6.0%Free cash flow margin10.4%Fiscal year 2024Operating margin6.2%Net margin2.6%Free cash flow margin6.9%Fiscal year 2025Operating margin0.8%Net margin−0.8%Free cash flow margin0.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −24.8% −22.7% −33.2% −31.9% −20.3% −14.7% 4.5% 9.4% 6.2% 0.8%
Net margin −27.4% −21.5% −36.5% −35.6% −23.7% −20.2% −0.5% 6.0% 2.6% −0.8%
Free cash flow margin 19.7% 17.2% 9.1% 10.9% −19.0% −20.3% −0.8% 10.4% 6.9% 0.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.61Capital expenditure−0.40Free cash flow2.21Fiscal year 2017Operating cash flow4.01Capital expenditure−1.02Free cash flow2.99 +35.1%Fiscal year 2018Operating cash flow2.88Capital expenditure−0.61Free cash flow2.27 −24.0%Fiscal year 2019Operating cash flow3.91Capital expenditure−0.74Free cash flow3.17 +39.3%Fiscal year 2020Operating cash flow−5.41Capital expenditure−0.24Free cash flow−5.65 −278.5%Fiscal year 2021Operating cash flow−5.95Capital expenditure−0.26Free cash flow−6.21Fiscal year 2022Operating cash flow−0.07Capital expenditure−0.17Free cash flow−0.24Fiscal year 2023Operating cash flow3.35Capital expenditure−0.04Free cash flow3.31Fiscal year 2024Operating cash flow2.11Capital expenditure−0.08Free cash flow2.03 −38.7%Fiscal year 2025Operating cash flow0.11Capital expenditure−0.10Free cash flow0.01 −99.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.61 4.01 2.88 3.91 −5.41 −5.95 −0.07 3.35 2.11 0.11
Capital expenditure −0.40 −1.02 −0.61 −0.74 −0.24 −0.26 −0.17 −0.04 −0.08 −0.10
Free cash flow 2.21 2.99 2.27 3.17 −5.65 −6.21 −0.24 3.31 2.03 0.01
Growth +35.1% −24.0% +39.3% −278.5% −38.7% −99.5%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Shareholders’ equity−15.30Fiscal year 2017Cash0.73Shareholders’ equity−14.32Fiscal year 2018Cash4.59Shareholders’ equity18.16Fiscal year 2019Cash5.93Shareholders’ equity9.61Fiscal year 2020Cash10.92Shareholders’ equity9.34Fiscal year 2021Cash3.00Shareholders’ equity5.28Fiscal year 2022Cash7.10Shareholders’ equity6.34Fiscal year 2023Cash4.43Total debt0.10Net cash (debt)4.33Shareholders’ equity12.18Debt to equity0.01Fiscal year 2024Cash3.53Total debt0.17Net cash (debt)3.36Shareholders’ equity13.37Debt to equity0.01Fiscal year 2025Cash4.35Total debt0.74Net cash (debt)3.62Shareholders’ equity13.31Debt to equity0.06
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 0.73 4.59 5.93 10.92 3.00 7.10 4.43 3.53 4.35
Total debt n/a n/a n/a n/a n/a n/a n/a 0.10 0.17 0.74
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a 4.33 3.36 3.62
Shareholders’ equity −15.30 −14.32 18.16 9.61 9.34 5.28 6.34 12.18 13.37 13.31
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.01 0.01 0.06

In billions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017† 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
n/a 0.73 4.59 5.93 10.92 3.00 7.10 4.43 3.53 4.35
n/a 2.24 2.89 3.63 3.34 2.75 2.40 2.17 2.19 2.52
n/a 1.25 1.62 1.75 1.39 1.34 1.10 0.86 0.88 0.90
n/a 3.28 3.89 3.89 3.89 3.89 3.83 3.82 3.82 3.82
n/a 20.20 44.76 44.79 48.19 42.47 46.05 44.59 45.76 46.68
Growth +121.6% +0.1% +7.6% −11.9% +8.4% −3.2% +2.6% +2.0%
Liabilities
n/a n/a n/a n/a n/a n/a n/a 0.00 0.17 0.74
n/a n/a n/a n/a n/a n/a n/a 0.10 n/a n/a
calc n/a n/a n/a n/a n/a n/a n/a 0.10 0.17 0.74
n/a 11.92 26.60 35.08 38.74 36.80 39.70 32.41 32.39 33.37
Equity
n/a −15.02 −23.51 −33.83 −40.97 −47.16 −46.50 −44.57 −43.81 −44.02
−15.30 −14.32 18.16 9.61 9.34 5.28 6.34 12.18 13.37 13.31
Growth −47.0% −2.9% −43.5% +20.2% +92.1% +9.8% −0.5%
Per share and net cash
calc n/a n/a n/a n/a n/a n/a n/a 4.33 3.36 3.62
n/a 342.5 n/a n/a n/a n/a n/a n/a n/a n/a
calc n/a −41.80 n/a n/a n/a n/a n/a n/a n/a n/a

† The diluted share count jumps at 2017, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how. Shown in CNY as filed; the screener converts to dollars.