← Zepp Health Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $153.2m | $56.3m | $209.7m | $259.0m | $348.4m | $230.4m | $128.6m | $133.7m | $91.1m | $57.0m | |
| Prepaid Expense and Other Assets, Current | $8.7m | $7.8m | $8.5m | $9.7m | $23.4m | $49.4m | $15.7m | $16.9m | $17.4m | $34.3m | |
| Short-term Investments | $9.2m | $2.1m | $7.3m | $2.5m | $2.8m | $3.0m | $5.0m | $5.2m | $997k | — | |
| Cash and cash equivalents | $153.2m | $366.3m | $1.4b | $1.8b | $2.3b | $1.5b | $886.6m | $949.0m | $91.1m | $57.0m | |
| Accounts receivable (net of allowance of US$1,457 and US$2,916 as of December 31, 2024 and 2025, respectively) | $19.7m | $32.9m | $58.9m | $188.9m | $298.0m | $537.1m | $682.1m | $431.2m | $63.0m | $66.9m | |
| Inventories, net | $192.4m | $249.7m | $484.6m | $893.8m | $1.2b | $1.2b | $1.0b | $602.7m | $56.8m | $72.8m | |
| Short-term investments (including available-for-sale debt securities measured at fair value of US$997 and nil as of December 31, 2024 and 2025, respectively) | $9.2m | $13.7m | $50.5m | $17.2m | $18.4m | $19.4m | $34.3m | $36.6m | $997k | — | |
| Prepaid expenses and other current assets | $8.7m | $51.1m | $58.2m | $67.4m | $152.9m | $315.0m | $108.3m | $119.9m | $17.4m | $34.3m | |
| Inventory, Net | $192.4m | $38.4m | $70.5m | $128.4m | $186.6m | $196.0m | $148.2m | $84.9m | $56.8m | $72.8m | |
| Assets, Current | $859.8m | $199.1m | $415.6m | $630.9m | $739.9m | $616.9m | $428.9m | $316.7m | $251.6m | $293.5m | |
| Total current assets | $859.8m | $1.3b | $2.9b | $4.4b | $4.8b | $3.9b | $3.0b | $2.2b | $251.6m | $293.5m | |
| Long-term investments (including available-for-sale debt securities measured at fair value of US$26,666 and US$17,382 as of December 31, 2024 and 2025, respectively) | $78.1m | $85.2m | $208.9m | $406.1m | $444.0m | $1.6b | $1.7b | $1.7b | $225.9m | $220.0m | |
| Property, Plant and Equipment, Net | $10.8m | $4.4m | $5.8m | $9.2m | $19.1m | $21.0m | $14.6m | $8.9m | $6.9m | $5.7m | |
| Goodwill | $0 | $911k | $862k | $852k | $9.6m | $9.6m | $9.6m | $9.6m | $9.6m | $9.6m | |
| Intangible Assets, Net (Excluding Goodwill) | $1.2m | $821k | $9.3m | $12.3m | $22.3m | $21.3m | $17.9m | $9.9m | $7.1m | $13.6m | |
| Intangible assets, net | $1.2m | $5.3m | $63.7m | $85.8m | $145.2m | $135.6m | $123.3m | $70.1m | $7.1m | $13.6m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $15.6m | $23.2m | $17.0m | $9.5m | $6.8m | $3.5m | $2.0m | |
| Other Assets, Noncurrent | — | $461k | $1.1m | $1.3m | $4.3m | $3.1m | $7.3m | $9.7m | $4.6m | $3.7m | |
| Operating lease right-of-use assets | — | — | — | $108.7m | $151.2m | $108.4m | $65.6m | $48.4m | $3.5m | $2.0m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $19.7m | $5.1m | $8.6m | $27.1m | $45.7m | $84.3m | $98.9m | $60.7m | $63.0m | $66.9m | |
| Accrued Liabilities, Current | $1.4m | $3.9m | $6.1m | $17.7m | $15.0m | $22.8m | $6.7m | $5.9m | $123k | $757k | |
| Restricted cash | — | $3.2m | $10.0m | $874k | $2.4m | $41.0m | $86.7m | $48.3m | $19.7m | $55.9m | |
| Amounts due from related parties (net of allowance of nil and nil as of December 31, 2024 and 2025, respectively) | $476.7m | $578.5m | $656.4m | $1.4b | $860.2m | $295.6m | $138.6m | $61.1m | $2.7m | $6.7m | |
| Deferred tax assets | $23.0m | $41.9m | $75.0m | $102.6m | $120.2m | $143.4m | $210.2m | $230.0m | $17.5m | $15.7m | |
| Amounts due from related parties, non-current | — | — | — | — | — | — | $6.3m | $21.0m | $2.0m | $991k | |
| Other non-current assets | — | $3.0m | $7.3m | $8.8m | $28.2m | $19.6m | $50.4m | $68.9m | $4.6m | $3.7m | |
| Advance from customers and others of the consolidated VIEs without recourse to the Group | — | $10.7m | $5.9m | $44.8m | $42.5m | $4.2m | $2.1m | $1.7m | $197k | $76k | |
| Amounts due to related parties (including amounts due to related parties of the consolidated VIEs without recourse to the Group of US$1,587 and US$221 as of December 31, 2024 and 2025, respectively) | — | — | — | — | — | $50.1m | $41.0m | $24.7m | $2.5m | $654k | |
| Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Group of US$26,495 and US$26,671 as of December 31, 2024 and 2025, respectively) | $47.6m | $93.8m | $214.0m | $352.2m | $252.3m | $316.1m | $197.8m | $315.6m | $37.6m | $37.5m | |
| Income tax payables (including income tax payables of the consolidated VIEs without recourse to the Group of US$69 and US$5 as of December 31, 2024 and 2025, respectively) | — | — | — | — | $27.7m | $2.6m | $2.7m | $7.0m | $508k | $366k | |
| Notes payable and others of the consolidated VIEs without recourse to the Group | $2.7m | $5.2m | $18.9m | $2.2m | — | $103.8m | $456.4m | $475.6m | $61.7m | $111.7m | |
| Short-term bank borrowings (including short-term bank borrowings of the consolidated VIEs without recourse to the Group of US$39,113 and US$46,433 as of December 31, 2024 and 2025, respectively) | — | — | $20.0m | — | $504.7m | $358.0m | $512.0m | $12.0m | $41.9m | $55.7m | |
| Other non-current liabilities of the consolidated VIEs without recourse to the Group | — | $4.9m | $56.2m | $113.6m | $185.2m | $175.1m | $162.6m | $1.9m | $133k | $209k | |
| Long-term borrowings (including long-term borrowings of the consolidated VIEs without recourse to the Group of US$35,551 and US$27,027 as of December 31, 2024 and 2025, respectively) | — | — | — | — | $60.0m | $726.9m | $684.2m | $852.1m | $75.2m | $59.5m | |
| Non-current operating lease liabilities (including non-current operating lease liabilities of the consolidated VIEs without recourse to the Group of US$308 and nil as of December 31, 2024 and 2025, respectively) | — | — | $0 | $76.4m | $116.2m | $71.1m | $31.7m | $22.7m | $2.0m | $1.1m | |
| Ordinary shares | $56k | $56k | $151k | $155k | $157k | $159k | $162k | $164k | $26k | $26k | |
| Treasury shares | — | — | — | — | — | ($21.8m) | ($67.2m) | ($85.2m) | ($15.0m) | ($16.2m) | |
| Non-controlling interest | — | $2.4m | ($1.3m) | ($3.2m) | — | $13.1m | $12.4m | $11.9m | $1.1m | — | |
| Total Zepp Health Corporation shareholders' equity | $30.2m | $225.8m | $1.8b | $2.5b | $2.7b | $2.9b | $2.7b | $2.5b | $251.6m | $214.5m | |
| Total equity | $30.2m | $228.2m | $1.8b | $2.5b | $2.7b | $2.9b | $2.7b | $2.5b | $252.7m | $214.5m | |
| Assets | $972.9m | $225.2m | $473.9m | $743.3m | $904.8m | $955.0m | $763.7m | $635.5m | $528.6m | $564.8m | |
| Total assets | $972.9m | $1.5b | $3.3b | $5.2b | $5.9b | $6.1b | $5.3b | $4.5b | $528.6m | $564.8m | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $32.8m | $48.1m | $50.1m | $42.3m | $27.5m | $1.4m | $930k | |
| Accounts Payable, Current | $524.1m | $108.8m | $154.8m | $287.3m | $299.1m | $206.7m | $66.2m | $37.3m | $51.1m | $80.8m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $11.0m | $17.8m | $11.2m | $4.6m | $3.2m | $2.0m | $1.1m | |
| Deferred Revenue, Current | $9.2m | $17.9m | $41.9m | $59.6m | $51.8m | $88.0m | $61.2m | $54.0m | $4.9m | $4.7m | |
| Dividends Payable | — | — | — | — | — | — | — | $0 | — | — | |
| Accounts payable (including accounts payable of the consolidated VIEs without recourse to the Group of US$48,653 and US$64,004 as of December 31, 2024 and 2025, respectively) | $524.1m | $707.8m | $1.1b | $2.0b | $2.0b | $1.3b | $456.6m | $264.7m | $51.1m | $80.8m | |
| Short-Term Debt | $35k | — | — | — | — | — | — | — | — | — | |
| Liabilities, Current | $634.4m | $134.8m | $201.8m | $356.5m | $427.5m | $337.7m | $241.9m | $155.1m | $195.4m | $286.8m | |
| Total current liabilities | $634.4m | $877.2m | $1.4b | $2.5b | $2.8b | $2.2b | $1.7b | $1.1b | $195.4m | $286.8m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | $3.4m | $4.2m | $5.2m | $4.2m | $3.1m | $2.7m | |
| Other Liabilities, Noncurrent | — | $759k | $8.2m | $16.3m | $28.4m | $27.5m | $23.6m | $270k | $133k | $209k | |
| Long Term Debt | — | — | — | — | $9.2m | $114.1m | $99.2m | $120.0m | $75.2m | $59.5m | |
| Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to the Group of US$3,015 and US$2,646 as of December 31, 2024 and 2025, respectively) | — | — | — | $5.4m | $22.4m | $26.9m | $35.6m | $29.6m | $3.1m | $2.7m | |
| Liabilities | $634.4m | $136.4m | $210.7m | $384.6m | $486.4m | $494.6m | $374.5m | $282.8m | $275.9m | $350.3m | |
| Total liabilities | $634.4m | $887.7m | $1.4b | $2.7b | $3.2b | $3.2b | $2.6b | $2.0b | $275.9m | $350.3m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $56k | $9k | — | — | — | — | — | — | — | — | |
| Additional Paid in Capital | $50.8m | $11.1m | $199.8m | $212.4m | $237.9m | $257.6m | $245.2m | $246.6m | $278.1m | $280.7m | |
| Retained Earnings (Accumulated Deficit) | ($36.5m) | $20.2m | $49.5m | $130.8m | $173.7m | $199.5m | $136.7m | $102.9m | $28.6m | ($11.4m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $15.8m | $3.4m | $14.1m | $16.0m | $6.8m | $4.6m | $15.3m | $13.6m | ($40.2m) | ($38.6m) | |
| Accumulated retained earnings/(losses) | ($36.5m) | $131.2m | $340.0m | $910.6m | $1.1b | $1.3b | $942.8m | $730.7m | $28.6m | ($11.4m) | |
| Accumulated other comprehensive loss | $15.8m | $22.1m | $97.1m | $111.1m | $44.6m | $29.3m | $105.8m | $96.3m | ($40.2m) | ($38.6m) | |
| Stockholders' Equity Attributable to Parent | $30.2m | $34.7m | $263.4m | $359.2m | $418.4m | $458.3m | $387.5m | $351.1m | $251.6m | $214.5m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | $367k | ($194k) | ($454k) | — | $2.1m | $1.8m | $1.7m | $1.1m | — | |
| Liabilities and Equity | $972.9m | $225.2m | $473.9m | $743.3m | $904.8m | $955.0m | $763.7m | $635.5m | $528.6m | $564.8m | |
| Total liabilities and equity | $972.9m | $1.5b | $3.3b | $5.2b | $5.9b | $6.1b | $5.3b | $4.5b | $528.6m | $564.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.