← YXT.COM GROUP HOLDING Ltd
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and Cash Equivalents, at Carrying Value | — | — | $320.5m | $57.3m | $16.4m | |
| Prepaid Expense and Other Assets, Current | — | — | $12.0m | $4.9m | $3.1m | |
| Short-term Investments | — | — | $58.1m | $0 | $2.8m | |
| Cash and cash equivalents | — | $432.0m | $320.5m | $417.9m | $115.0m | |
| Accounts receivable, net (Credit losses of RMB 1,758 and RMB1,832 as of December 31, 2024 and 2025, respectively) | — | — | $32.8m | $19.4m | $19.0m | |
| Prepaid expenses and other current assets | — | — | $12.0m | $35.8m | $21.8m | |
| Accounts Receivable | — | $35.0m | $32.8m | $19.4m | $19.0m | |
| Allowance For Doubtful Accounts Receivable | — | ($3.2m) | ($2.2m) | ($1.8m) | ($1.8m) | |
| Cash Cash Equivalents And Short Term Investments | — | $534.5m | $378.6m | $417.9m | $115.8m | |
| Gross Accounts Receivable | — | $38.2m | $35.0m | $21.1m | $20.8m | |
| Non Current Prepaid Assets | — | $71k | $73k | $20.3m | $23.1m | |
| Other Current Assets | $2.9m | $3.1m | — | $6.3m | $8.4m | |
| Other Receivables | $2.7m | $6.0m | $20k | $340k | — | |
| Other Short Term Investments | — | $102.5m | $58.1m | $0 | $847k | |
| Prepaid Assets | — | $19.3m | $11.3m | $28.5m | $12.2m | |
| Taxes Receivable | — | $3.6m | $686k | $992k | $1.2m | |
| Assets, Current | — | — | $423.4m | $65.1m | $25.6m | |
| Total current assets | — | — | $423.4m | $475.4m | $179.0m | |
| Long-term investments | — | — | $126.3m | $114.4m | $104.3m | |
| Property, Plant and Equipment, Net | — | — | $23.4m | $2.1m | $1.5m | |
| Goodwill | — | $164.1m | $164.1m | $22.4m | $23.4m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | $12.7m | $968k | — | |
| Intangible assets, net | — | — | $12.7m | $7.1m | $3.4m | |
| Goodwill And Other Intangible Assets | — | $219.5m | $176.8m | $170.9m | $167.2m | |
| Other Intangible Assets | — | $55.4m | $12.7m | $7.1m | $3.4m | |
| Operating Lease, Right-of-Use Asset | — | — | $35.0m | $3.5m | $3.1m | |
| Other Assets, Noncurrent | — | — | $22.3m | $2.8m | $3.5m | |
| Operating lease right-of-use assets, net | — | — | $35.0m | $25.7m | $21.6m | |
| Additional Financial Items | ||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | $32.8m | $2.7m | $2.7m | |
| Amounts due from related parties | — | — | $25.0m | $2.0m | $3.5m | |
| Other non-current assets | — | — | $22.3m | $20.3m | $24.6m | |
| Amounts due to a related party (including amounts due to related parties of the consolidated VIE and VIE's subsidiaries without recourse to the Company of 2,452 and RMB 1,975 as of December 31, 2024 and 2025, respectively) | — | — | — | $2.5m | $2.0m | |
| Short-term borrowings (including short-term borrowing of the consolidated VIE and VIE's subsidiaries without recourse to the Company of RMB 163,000 and RMB 139,500 as of December 31, 2024 and 2025, respectively) | — | — | $46.8m | $163.0m | $139.5m | |
| Acquisition consideration payable (including acquisition consideration payable of the consolidated VIE and VIE's subsidiaries without recourse to the Company of RMB 5,792 and RMB 5,792 as of December 31, 2024 and 2025, respectively) | — | — | $14.8m | $14.8m | $14.8m | |
| Derivative liabilities (including derivative liabilities of the consolidated VIEs without recourse to the Company of nil and nil as of December 31, 2023 and 2024, respectively) | — | — | $100.3m | — | $0 | |
| Operating lease liabilities, current (including operating lease liabilities, current of the consolidated VIE and VIE's subsidiaries without recourse to the Company of RMB 8,920 and RMB 9,926 as of December 31, 2024 and 2025, respectively) | — | — | $15.8m | $9.0m | $9.9m | |
| Long-term borrowings (including long-term borrowings of the consolidated VIE and VIE's subsidiaries without recourse to the Company of RMB 125,500 and RMB 8,000 as of December 31, 2024 and 2025, respectively) | — | — | $219.0m | $125.5m | $8.0m | |
| Operating lease liabilities, non-current (including operating lease liabilities, non-current of the consolidated VIE and VIE's subsidiaries without recourse to the Company of 17,439 and RMB 12,987 as of December 31, 2024 and 2025, respectively) | — | — | $20.3m | $17.5m | $13.0m | |
| Ordinary shares | — | — | $33k | $129k | $129k | |
| Statutory reserve | — | — | $4.3m | $4.2m | $0 | |
| Accumulated Depreciation | — | ($19.6m) | ($28.4m) | ($31.8m) | ($37.9m) | |
| Available For Sale Securities | — | $122.5m | $243.9m | $114.4m | $104.3m | |
| Capital Lease Obligations | — | $51.6m | $36.1m | $26.4m | $22.9m | |
| Construction In Progress | — | $7.6m | $5.9m | $0 | $966k | |
| Current Accrued Expenses | — | — | $0 | $17.8m | $21.7m | |
| Current Capital Lease Obligation | — | $16.9m | $15.8m | $9.0m | $9.9m | |
| Current Debt | — | $20.0m | $46.8m | $163.0m | $155.5m | |
| Current Debt And Capital Lease Obligation | — | $36.9m | $62.6m | $172.0m | $165.4m | |
| Current Deferred Liabilities | — | $182.6m | $188.5m | $125.4m | $96.8m | |
| Duefrom Related Parties Current | — | — | $0 | $2.0m | $3.5m | |
| Dueto Related Parties Current | — | — | $0 | $2.5m | $2.0m | |
| Gross PPE | — | $103.5m | $92.8m | $72.7m | $69.8m | |
| Invested Capital | — | ($3.2b) | ($3.2b) | $515.7m | $238.1m | |
| Investmentin Financial Assets | — | $122.5m | $243.9m | $114.4m | $104.3m | |
| Investments And Advances | — | $122.5m | $243.9m | $114.4m | $104.3m | |
| Leases | — | $21.8m | $27.6m | $26.5m | $26.5m | |
| Line Of Credit | — | $20.0m | $39.8m | $110.0m | $97.5m | |
| Long Term Capital Lease Obligation | — | $34.8m | $20.3m | $17.5m | $13.0m | |
| Machinery Furniture Equipment | — | $9.9m | $11.0m | $8.2m | $8.2m | |
| Net PPE | — | $83.9m | $64.3m | $40.8m | $31.9m | |
| Net Tangible Assets | — | ($3.5b) | ($3.6b) | $56.3m | ($92.6m) | |
| Non Current Deferred Assets | — | $12.4m | $16.3m | $0 | $1.5m | |
| Non Current Deferred Liabilities | — | $55.6m | $59.0m | $57.7m | $49.5m | |
| Ordinary Shares Number | — | $180.2m | $180.2m | $180.2m | $178.5m | |
| Other Current Borrowings | — | — | $7.0m | $53.0m | $42.0m | |
| Other Current Liabilities | $170.5m | $202.7m | $100.3m | — | — | |
| Other Equity Adjustments | — | $15.6m | $28.1m | $25.1m | $22.6m | |
| Other Payable | — | $144.1m | $96.1m | $64.3m | $61.8m | |
| Other Properties | — | $64.1m | $48.2m | $37.9m | $34.0m | |
| Preferred Securities Outside Stock Equity | $3.2b | $3.6b | $3.6b | $0 | — | |
| Properties | — | $0 | $0 | $0 | $0 | |
| Restricted Cash | — | — | $0 | $322k | $18.9m | |
| Share Issued | — | $180.2m | $180.2m | $180.2m | $180.2m | |
| Tangible Book Value | — | ($3.5b) | ($3.6b) | $56.3m | ($92.6m) | |
| Working Capital | — | ($930k) | ($50.5m) | $81.4m | ($182.9m) | |
| Total non-current assets | — | $438.3m | $501.4m | $346.5m | $328.1m | |
| Total non-current liabilities | — | — | $298.2m | $200.7m | $70.5m | |
| Total equity | — | — | ($3.4b) | $227.2m | $74.6m | |
| Total Capitalization | — | ($3.3b) | ($3.2b) | $352.7m | $82.6m | |
| Total Debt | — | $71.6m | $301.9m | $314.9m | $186.4m | |
| Total Tax Payable | — | $16.2m | $8.6m | $4.8m | $4.2m | |
| Assets | — | — | $924.8m | $112.6m | $72.5m | |
| Total assets | — | $1.0b | $924.8m | $821.9m | $507.0m | |
| LIABILITIES AND EQUITY | ||||||
| Current liabilities: | ||||||
| Operating Lease, Liability, Current | — | — | $15.8m | $1.2m | $1.4m | |
| Accounts Payable, Current | — | $16.8m | $17.9m | $1.0m | $1.4m | |
| Operating Lease, Liability, Noncurrent | — | — | $20.3m | $2.4m | $1.9m | |
| Long-term Debt, Excluding Current Maturities | — | — | $219.0m | $125.5m | $1.1m | |
| Deferred Revenue, Current | — | $182.6m | $188.5m | $17.2m | $96.8m | |
| Deferred Revenue, Noncurrent | — | $182.6m | $59.0m | $7.9m | $96.8m | |
| Long-term Debt, Current Maturities | — | — | — | — | $42.0m | |
| Accounts payable (including accounts payables of the consolidated VIE and VIE's subsidiaries without recourse to the Company of RMB 6,188 and RMB 8,774 as of December 31, 2024 and 2025, respectively) | — | — | $17.9m | $7.4m | $10.0m | |
| Other payable and accrued liabilities (including other payable and accrued liabilities of the consolidated VIE and VIE's subsidiaries without recourse to the Company of RMB 17,451 and RMB 32,829 as of December 31, 2024 and 2025, respectively) | — | — | $89.9m | $72.0m | $89.0m | |
| Payables And Accrued Expenses | — | $177.0m | $122.6m | $96.6m | $99.7m | |
| Liabilities, Current | — | — | $473.9m | $54.0m | $51.7m | |
| Total current liabilities | — | — | $473.9m | $394.0m | $361.9m | |
| Long Term Debt And Capital Lease Obligation | — | $34.8m | $239.3m | $143.0m | $21.0m | |
| Non Current Deferred Taxes Liabilities | $15.3m | $9.9m | $0 | — | — | |
| Deferred Tax Liabilities, Net | — | — | $0 | $0 | $0 | |
| Liabilities | — | — | $772.2m | $81.5m | $61.8m | |
| Total liabilities | — | $4.2b | $772.2m | $594.7m | $432.4m | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | $3.6b | $0 | — | |
| Stockholders’ equity: | ||||||
| Common Stock, Value, Issued | — | — | $33k | — | — | |
| Additional Paid in Capital | — | $0 | $16.7m | $3.5b | $500.8m | |
| Retained Earnings (Accumulated Deficit) | — | ($3.3b) | ($3.5b) | ($450.4m) | ($492.8m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | $23.8m | $3.4m | $3.2m | |
| Additional Paid in Capital, Common Stock | — | — | $16.7m | $478.1m | — | |
| Accumulated other comprehensive income | — | — | $23.8m | $25.1m | $22.6m | |
| Accumulated deficit | — | — | ($3.5b) | ($3.3b) | ($3.4b) | |
| Capital Stock | — | $33k | $33k | $129k | $129k | |
| Gains Losses Not Affecting Retained Earnings | — | $15.6m | $28.1m | $25.1m | $22.6m | |
| Treasury Stock | — | — | — | $0 | $3.5m | |
| Stockholders' Equity Attributable to Parent | — | — | ($3.4b) | $31.1m | $10.7m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | $34.9m | — | — | |
| Minority Interest | $69.8m | $44.3m | $34.9m | $0 | — | |
| Total Equity Gross Minority Interest | — | ($3.2b) | ($3.4b) | $227.2m | $74.6m | |
| Total Non Current Liabilities Net Minority Interest | — | $3.6b | $3.9b | $200.7m | $70.5m | |
| Liabilities and Equity | — | — | $924.8m | $112.6m | $72.5m | |
| Total liabilities and equity | — | — | $924.8m | $821.9m | $507.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.