← Yuanbao Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Net income from continuing operations | — | ($2.4m) | $205.2m | $865.8m | $1.3b | |
| Net Income (Loss) Attributable to Parent | — | $18.8m | $203.1m | $865.8m | $1.3b | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $18.8m | $203.1m | $435.9m | $2.0b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $865.8m | $1.3b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | $865.8m | $1.3b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $865.8m | $1.3b | |
| Depreciation and amortization | — | $9.5m | $16.1m | $3.1m | $4.3m | |
| Amortization of Intangible Assets | — | — | — | $200k | $700k | |
| Amortization of right-of-use assets | — | — | $12.6m | $11.8m | $13.3m | |
| Other depreciation and amortization | — | — | $3.5m | $3.1m | $4.3m | |
| Amortization Cash Flow | $187k | $406k | $356k | — | — | |
| Amortization Of Intangibles | $187k | $406k | $356k | — | — | |
| Depreciation Amortization Depletion | — | $9.5m | $16.1m | $14.9m | $17.7m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $24.7m | $97.1m | |
| Deferred income tax | — | $0 | $22k | $24.7m | $97.1m | |
| Deferred Tax | — | $0 | $22k | $24.7m | $97.1m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $64.0m | $74.3m | |
| Share-based Payment Arrangement, Expense | — | — | — | $64.0m | $74.3m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $0 | $0 | |
| Share-based compensation | — | — | $37.1m | $64.0m | $74.3m | |
| Income Tax Expense (Benefit) | — | — | — | $25.6m | $101.2m | |
| Other Nonoperating Income (Expense) | — | — | — | $1.8m | $9.1m | |
| Changes in operating assets and liabilities: | ||||||
| Additional Financial Items | ||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | $16.2m | $179.3m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | $320k | ($4.2m) | |
| General and Administrative Expense | — | — | — | $238.6m | $286.8m | |
| Operating Costs and Expenses | — | — | — | $2.4b | $3.0b | |
| Proceeds from Stock Options Exercised | — | — | — | — | $26k | |
| Provision for Loan, Lease, and Other Losses | — | — | — | $3.9m | ($1.0m) | |
| Expected credit losses | — | — | $827k | $3.9m | ($1.0m) | |
| Fair value change of financial instruments | — | — | ($288k) | ($1.5m) | ($45.2m) | |
| Others, net | — | — | ($2.2m) | ($1.0m) | ($1.9m) | |
| Accounts receivable, net | — | — | ($20.4m) | ($16.2m) | ($179.3m) | |
| Prepayments and other current assets | — | — | ($7.2m) | ($43.7m) | $34.9m | |
| Amount due from related parties | — | — | ($4.6m) | $2.8m | — | |
| Amount due to related parties | — | — | $33.2m | ($33.2m) | — | |
| Accounts payable | — | — | $7.4m | ($6.4m) | $6.7m | |
| Lease liabilities | — | — | ($16.4m) | ($12.2m) | ($13.8m) | |
| Contract liabilities | — | — | $21.0m | $50.2m | ($54.1m) | |
| Salary and welfare payable | — | — | $31.7m | $83.2m | $69.3m | |
| Taxes payable | — | — | $2.2m | $41.9m | ($8.1m) | |
| Other non-current assets | — | — | ($3.4m) | — | ($179k) | |
| Accrued expenses and other current liabilities | — | — | $126.2m | $170.2m | $191.1m | |
| Cash paid to acquire property and equipment and intangible assets | — | ($2.4m) | ($4.6m) | ($3.3m) | ($19.0m) | |
| Cash paid on short-term investments and time deposits | — | — | ($1.0b) | ($3.9b) | ($10.4b) | |
| Cash received from disposal of short-term investments | — | — | $10.2m | $2.2b | $7.4b | |
| Cash received from maturity of time deposits | — | — | $996.5m | $1.5b | $327.4m | |
| Cash received from disposal of property and equipment | — | — | — | $63k | $216k | |
| Proceeds from exercise of share options | — | — | $18.0m | — | $26k | |
| Cash paid for initial public offering costs | — | — | — | ($9.1m) | ($8.1m) | |
| Accretion to preferred shares redemption value | — | — | $536.1m | $429.9m | ($700.8m) | |
| Beginning Cash Position | — | $558.9m | $452.6m | $873.9m | $1.9b | |
| Cash Flow From Continuing Financing Activities | — | $0 | $18.0m | ($9.1m) | $196.8m | |
| Cash Flow From Continuing Investing Activities | — | ($228.5m) | ($13.6m) | ($157.6m) | ($2.7b) | |
| Cash From Discontinued Investing Activities | — | $9.6m | ($31.7m) | $0 | $0 | |
| Change In Account Payable | — | $5.0m | $7.4m | ($6.4m) | $6.7m | |
| Change In Accrued Expense | — | $233.8m | $126.2m | $170.2m | $191.1m | |
| Change In Income Tax Payable | — | $6.8m | $2.2m | $41.9m | ($8.1m) | |
| Change In Other Current Assets | — | — | ($3.4m) | $0 | ($179k) | |
| Change In Other Current Liabilities | — | ($3.3m) | ($16.4m) | ($12.2m) | ($13.8m) | |
| Change In Other Working Capital | — | ($70.6m) | $21.0m | $50.2m | ($54.1m) | |
| Change In Payable | — | $29.4m | $74.5m | $85.5m | $67.9m | |
| Change In Payables And Accrued Expense | — | $263.2m | $200.8m | $255.8m | $259.1m | |
| Change In Prepaid Assets | — | $16.2m | ($7.2m) | ($43.7m) | $34.9m | |
| Change In Receivables | — | ($180.8m) | ($25.0m) | ($13.4m) | ($179.3m) | |
| Change In Tax Payable | — | $6.8m | $2.2m | $41.9m | ($8.1m) | |
| Change In Working Capital | — | $24.6m | $169.8m | $236.7m | $46.6m | |
| Changes In Account Receivables | — | ($180.8m) | ($20.4m) | ($16.2m) | ($179.3m) | |
| Changes In Cash | — | ($131.2m) | $414.8m | $1.0b | ($1.0b) | |
| End Cash Position | — | $452.6m | $873.9m | $1.9b | $884.0m | |
| Financing Cash Flow | — | $0 | $18.0m | ($9.1m) | $196.8m | |
| Free Cash Flow | — | $85.3m | $437.3m | $1.2b | $1.5b | |
| Gain Loss On Sale Of PPE | $117k | $165k | $14k | — | — | |
| Investing Cash Flow | — | ($218.9m) | ($45.3m) | ($157.6m) | ($2.7b) | |
| Issuance Of Capital Stock | — | $0 | $0 | $0 | $204.9m | |
| Net Business Purchase And Sale | — | ($6.3m) | $0 | $0 | ($6.9m) | |
| Net Foreign Currency Exchange Gain Loss | $128k | ($3.5m) | ($837k) | — | — | |
| Net PPE Purchase And Sale | — | ($2.1m) | ($4.6m) | ($3.3m) | ($18.8m) | |
| Net Preferred Stock Issuance | $726.4m | $0 | — | — | — | |
| Operating Gains Losses | $245k | ($3.4m) | ($823k) | — | — | |
| Other Non Cash Items | — | ($1.0m) | ($2.2m) | ($1.0m) | ($1.9m) | |
| Preferred Stock Issuance | $726.4m | $0 | — | — | — | |
| Proceeds From Stock Option Exercised | — | $0 | $18.0m | $0 | $26k | |
| Provisionand Write Offof Assets | — | $672k | $827k | $3.9m | ($1.0m) | |
| Purchase Of Business | — | ($6.3m) | $0 | $0 | ($6.9m) | |
| Purchase Of PPE | — | ($2.4m) | ($4.6m) | ($3.3m) | ($19.0m) | |
| Sale Of PPE | — | $342k | $0 | $63k | $216k | |
| Stock Based Compensation | — | $27.1m | $37.1m | $64.0m | $74.3m | |
| Unrealized Gain Loss On Investment Securities | — | $33k | ($288k) | ($1.5m) | ($45.2m) | |
| Net Cash Provided by (Used in) Operating Activities | — | $55.1m | $442.0m | $1.2b | $1.5b | |
| Cash flows from investing activities: | ||||||
| Net Investment Purchase And Sale | — | ($220.1m) | $5.8m | ($154.3m) | ($2.7b) | |
| Purchase Of Investment | — | ($548.7m) | ($1.0b) | ($3.9b) | ($10.4b) | |
| Sale Of Investment | — | $328.6m | $1.0b | $3.7b | $7.7b | |
| Net cash used in continuing investing activities | — | — | ($13.6m) | ($157.6m) | ($2.7b) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($45.3m) | ($157.6m) | ($2.7b) | |
| Cash flows from financing activities: | ||||||
| Issuance Of Debt | $96.8m | $0 | — | — | — | |
| Net Issuance Payments Of Debt | $0 | $0 | — | — | — | |
| Net Short Term Debt Issuance | $0 | $0 | — | — | — | |
| Short Term Debt Issuance | $96.8m | $0 | — | — | — | |
| Repayment Of Debt | ($96.8m) | $0 | — | — | — | |
| Short Term Debt Payments | ($96.8m) | $0 | — | — | — | |
| Common Stock Issuance | — | — | $0 | $0 | $204.9m | |
| Net Common Stock Issuance | — | — | $0 | $0 | $204.9m | |
| Net Other Financing Charges | — | — | — | ($9.1m) | ($8.1m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $18.0m | ($9.1m) | $196.8m | |
| Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash | — | — | $6.6m | $4.8m | ($4.8m) | |
| Effect Of Exchange Rate Changes | — | $24.8m | $6.6m | $4.8m | ($4.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $1.0b | ($1.0b) | |
| Net increase/(decrease) in cash and cash equivalents and restricted cash | — | — | $421.4m | $1.0b | ($1.0b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $1.9b | $884.0m | |
| Cash and cash equivalents and restricted cash at beginning of the year | — | — | $873.9m | $1.9b | $884.0m | |
| Supplemental disclosure of cash flow information: | ||||||
| Change In Cash Supplemental As Reported | — | ($106.4m) | $421.4m | $1.0b | ($1.0b) | |
| Income Taxes Paid, Net | — | $18k | $2.0m | $596k | $657k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.