← Yuanbao Inc.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value — — — $1.9b $860.5m
Prepaid Expense and Other Assets, Current — — — $76.0m $29.8m
Short-term Investments — — — $336.2m $2.8b
Cash and cash equivalents — $373.6m $863.1m $1.9b $860.5m
Accounts receivable, net (allowance for credit losses: as of December 31, 2024: RMB2,894; as of December 31, 2025: RMB1,706) — — — $261.0m $441.4m
Prepayments and other current assets, net — — — $76.0m $29.8m
Accounts Receivable — $217.4m $247.1m $261.0m $441.4m
Allowance For Doubtful Accounts Receivable — ($506k) ($596k) ($2.9m) ($1.7m)
Cash Cash Equivalents And Short Term Investments — $641.4m $1.1b $2.3b $4.0b
Gross Accounts Receivable — $217.9m $247.7m $263.9m $443.1m
Non Current Prepaid Assets — $0 $3.3m $2.7m $8.9m
Other Current Assets — $1.5m $2.8m $1.8m $629k
Other Short Term Investments — $267.8m $261.8m $416.2m $3.1b
Prepaid Assets — $7.6m $17.5m $74.6m $28.3m
Receivables Adjustments Allowances — ($561k) ($681k) ($615k) ($823k)
Taxes Receivable — $5.9m $3.3m $175k $1.7m
Assets, Current — — — $2.7b $4.5b
Total current assets — — — $2.7b $4.5b
Property, Plant and Equipment, Net — — — $4.9m $13.8m
Intangible Assets, Net (Excluding Goodwill) — — — $58.0m $64.6m
Intangible assets, net — — — $58.0m $64.6m
Goodwill And Other Intangible Assets — $58.1m $58.2m $58.0m $64.6m
Other Intangible Assets — $58.1m $58.2m $58.0m $64.6m
Operating Lease, Right-of-Use Asset — — — $19.3m $8.6m
Other Assets, Noncurrent — — — $17.6m $24.8m
Right-of-use assets — — — $19.3m $8.6m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current — — — $261.0m $441.4m
Time deposits — — — $80.0m $273.4m
Restricted cash — $10.0m $10.8m $15.0m $23.5m
Deferred tax assets, net — — — $6.9m $33.3m
Other non-current assets, net — — — $17.6m $24.8m
Contract liabilities — — — $117.6m $63.5m
Salary and welfare payable — — — $160.7m $230.0m
Taxes payable — — — $51.4m $43.3m
Current lease liabilities — — — $13.4m $7.1m
Accrued expenses and other current liabilities — — — $587.0m $777.4m
Non-current lease liabilities — — — $5.7m $846k
Ordinary shares — — — $71k $190k
Statutory reserves — — — $81.0m $230.0m
Accumulated Depreciation ($1.7m) ($3.0m) ($6.0m) — —
Assets Held For Sale Current $62.7m $107.3m $0 — —
Capital Lease Obligations — $24.2m $31.0m $19.2m $7.9m
Current Accrued Expenses — $9.2m $31.5m $36.4m $36.0m
Current Capital Lease Obligation — $10.0m $12.4m $13.4m $7.1m
Current Debt And Capital Lease Obligation — $10.0m $12.4m $13.4m $7.1m
Current Deferred Liabilities — $46.4m $67.5m $117.6m $63.5m
Current Provisions — $1.3m $2.2m $51.2m $77.9m
Duefrom Related Parties Current — $0 $4.6m $0 —
Dueto Related Parties Current — $0 $33.2m $0 —
Gross PPE — $25.9m $34.7m $24.2m $22.4m
Income Tax Payable $402k $1.1m $3.5m $30.5m —
Invested Capital — ($1.9b) ($2.1b) ($1.6b) $3.3b
Investmentin Financial Assets — — — $0 $52.5m
Investments And Advances — — — $0 $52.5m
Leases $362k $1.9m $4.7m — —
Liabilities Heldfor Sale Non Current $1.2m $1.5m $0 — —
Long Term Capital Lease Obligation — $14.2m $18.6m $5.7m $846k
Net PPE — $23.0m $34.7m $24.2m $22.4m
Net Tangible Assets — $516.4m $795.4m $1.7b $3.3b
Non Current Deferred Assets — — $0 $6.9m $33.3m
Non Current Deferred Liabilities — $14.3m $14.4m $46.0m $169.7m
Non Current Deferred Taxes Assets — — $0 $6.9m $33.3m
Non Current Note Receivables — $0 $14.2m $14.9m $15.6m
Ordinary Shares Number — $270.5m $270.5m $270.5m $276.5m
Other Current Liabilities $92.7m $105.8m $8.5m $8.8m —
Other Equity Adjustments — $11.8m $15.3m $99.6m $239.4m
Other Non Current Assets $8.7m $5.3m — — $262k
Other Payable — $282.7m $460.8m $660.2m $893.6m
Other Properties — $24.1m $34.7m $24.2m $22.4m
Preferred Securities Outside Stock Equity $2.0b $2.5b $3.0b $3.4b —
Properties $0 $0 $0 — —
Share Issued — $270.5m $270.5m $270.5m $276.5m
Tangible Book Value — ($1.9b) ($2.2b) ($1.7b) $3.3b
Working Capital — $518.1m $776.1m $1.7b $3.3b
Total non-current assets — $86.4m $110.4m $106.8m $197.5m
Total non-current liabilities — — — $51.7m $170.5m
TOTAL SHAREHOLDERS' (DEFICIT)/EQUITY: ($1.6b) $3.3b
Total Capitalization — $574.5m $853.6m $1.8b $3.3b
Total Debt — $24.2m $31.0m $19.2m $7.9m
Total Tax Payable — $7.2m $9.5m $51.4m $43.3m
Assets — — — $2.8b $4.7b
TOTAL ASSETS $1.1b $1.5b $2.8b $4.7b
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — — — $13.4m $7.1m
Accounts Payable, Current — $9.7m $17.1m $10.7m $17.4m
Operating Lease, Liability, Noncurrent — — — $5.7m $846k
Current Deferred Revenue — $46.4m $67.5m $117.6m $63.5m
Payables And Accrued Expenses — $308.8m $552.0m $758.6m $990.2m
Liabilities, Current — — — $940.8m $1.1b
Total current liabilities — — — $940.8m $1.1b
Deferred Income Tax Liabilities, Net — — — $46.0m $169.7m
Long Term Debt And Capital Lease Obligation — $14.2m $18.6m $5.7m $846k
Non Current Deferred Taxes Liabilities — $14.3m $14.4m $46.0m $169.7m
Deferred Tax Liabilities, Net — — — $46.0m $169.7m
Liabilities — — — $992.6m $1.3b
TOTAL LIABILITIES $502.5m $667.1m $992.6m $1.3b
Stockholders’ equity:
Common Stock, Value, Issued — — — $71k —
Additional Paid in Capital — $61.9m $134.3m $198.7m $3.2b
Retained Earnings (Accumulated Deficit) — ($2.0b) ($2.3b) ($1.9b) ($72.9m)
Accumulated Other Comprehensive Income (Loss), Net of Tax — — — $18.6m $9.3m
Accumulated deficit — — — ($1.9b) ($72.9m)
Accumulated other comprehensive income — — — $18.6m $9.3m
Capital Stock — $2.5b $3.0b $3.4b $190k
Gains Losses Not Affecting Retained Earnings — $11.8m $15.3m $99.6m $239.4m
Preferred Stock — $2.5b $3.0b $3.4b $0
Preferred Stock Equity $2.0b $2.5b $3.0b $3.4b —
Stockholders' Equity Attributable to Parent — — — ($1.6b) $3.3b
Total Equity Gross Minority Interest — $574.5m $853.6m $1.8b $3.3b
Total Non Current Liabilities Net Minority Interest — $30.0m $32.9m $51.7m $170.5m
Liabilities and Equity — — — $2.8b $4.7b
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' (DEFICIT)/EQUITY $2.8b $4.7b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.