HUYA Inc (HUYA) Income Statement
HUYA 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanHUYA revenue and net income
Where HUYA's revenue goes
2025Each bar shows an amount and its share of revenue. HUYA kept −1.7% of revenue as net income.
HUYA profit margins
HUYA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.0% | −11.1% | −9.8% | — |
| Gross profit | +7.7% | +10.1% | −17.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HUYA income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.50B | CN¥6.08B | CN¥6.99B | CN¥9.26B | CN¥11.35B | CN¥10.91B | CN¥1.20B | CN¥4.66B | CN¥2.18B | CN¥796.9M |
| Cost of revenue | CN¥5.63B | CN¥5.27B | CN¥6.18B | CN¥8.61B | CN¥9.75B | CN¥8.65B | CN¥991.8M | CN¥3.93B | CN¥1.93B | CN¥1.09B |
| Gross profit | CN¥872.1M | CN¥809.5M | CN¥815.2M | CN¥653.6M | CN¥1.60B | CN¥2.27B | CN¥213.2M | CN¥729.8M | CN¥255.0M | −CN¥297.7M |
| Research & development | CN¥496.7M | CN¥512.6M | CN¥578.6M | CN¥684.4M | CN¥818.9M | CN¥734.3M | CN¥73.2M | CN¥265.2M | CN¥170.2M | CN¥188.3M |
| Sales, general & admin | CN¥308.9M | CN¥254.8M | CN¥320.8M | CN¥341.2M | CN¥326.8M | CN¥445.0M | CN¥352.8M | CN¥287.7M | CN¥102.0M | CN¥140.1M |
| Total operating expenses | CN¥1.03B | CN¥999.0M | CN¥1.26B | CN¥1.39B | CN¥1.63B | CN¥1.54B | CN¥187.0M | CN¥703.1M | CN¥349.8M | CN¥328.4M |
| Operating income | −CN¥162.5M | −CN¥189.6M | −CN¥443.6M | −CN¥736.2M | −CN¥30.2M | CN¥725.0M | CN¥26.2M | CN¥2.28B | −CN¥94.9M | −CN¥626.1M |
| Interest income | CN¥190.8M | CN¥391.4M | CN¥451.7M | CN¥298.2M | CN¥247.0M | CN¥313.4M | CN¥304.5M | CN¥156.5M | CN¥14.0M | CN¥518,000 |
| Interest expense | — | — | — | CN¥247.7M | CN¥836.6M | CN¥471.4M | CN¥391.8M | CN¥4.27B | CN¥0 | CN¥0 |
| Income before taxes | −CN¥99.8M | −CN¥34.5M | −CN¥191.3M | −CN¥523.3M | CN¥638.7M | CN¥1.06B | CN¥81.2M | −CN¥2.10B | −CN¥80.8M | −CN¥625.6M |
| Income taxes | CN¥12.8M | CN¥13.5M | CN¥13.2M | CN¥24.4M | CN¥55.2M | CN¥176.8M | CN¥13.8M | −CN¥50.9M | CN¥151,000 | CN¥0 |
| Net income | −CN¥112.6M | −CN¥48.0M | −CN¥204.5M | −CN¥547.7M | CN¥583.5M | CN¥884.2M | CN¥67.4M | −CN¥2.05B | −CN¥81.0M | −CN¥625.6M |
| EBITDA | CN¥8.3M | CN¥79.5M | −CN¥50.9M | −CN¥379.7M | CN¥763.7M | CN¥856.1M | CN¥169.4M | CN¥61.7M | −CN¥87.2M | −CN¥621.6M |
| Gross margin | 13.4% | 13.3% | 11.7% | 7.1% | 14.1% | 20.8% | 17.7% | 15.6% | 11.7% | −37.4% |
| Operating margin | −2.5% | −3.1% | −6.3% | −7.9% | −0.3% | 6.6% | 2.2% | 48.8% | −4.3% | −78.6% |
| Net margin | −1.7% | −0.8% | −2.9% | −5.9% | 5.1% | 8.1% | 5.6% | −44.0% | −3.7% | −78.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.74B | CN¥1.73B | CN¥1.56B | CN¥1.69B | CN¥1.57B | CN¥1.50B | CN¥1.50B | CN¥1.50B | CN¥1.66B | CN¥1.82B | CN¥1.96B | CN¥2.10B |
| Cost of revenue | CN¥1.48B | CN¥1.48B | CN¥1.32B | CN¥1.46B | CN¥1.35B | CN¥1.33B | CN¥1.28B | CN¥1.28B | CN¥1.42B | CN¥1.55B | CN¥1.69B | CN¥2.39B |
| Gross profit | CN¥255.0M | CN¥253.2M | CN¥244.2M | CN¥226.6M | CN¥212.3M | CN¥170.5M | CN¥220.5M | CN¥220.5M | CN¥242.8M | CN¥273.0M | CN¥269.1M | −CN¥284.2M |
| Research & development | CN¥120.4M | CN¥131.7M | CN¥109.5M | CN¥121.9M | CN¥122.2M | CN¥123.3M | CN¥135.1M | CN¥135.1M | CN¥142.8M | CN¥144.3M | CN¥153.4M | CN¥143.9M |
| Sales, general & admin | CN¥58.4M | CN¥153.2M | CN¥182.9M | CN¥57.7M | CN¥63.7M | CN¥143.9M | CN¥60.0M | CN¥60.0M | CN¥66.4M | CN¥74.9M | CN¥176.8M | CN¥79.1M |
| Total operating expenses | CN¥262.0M | CN¥281.9M | CN¥341.1M | CN¥240.9M | CN¥236.0M | CN¥263.2M | CN¥259.1M | CN¥259.1M | CN¥274.4M | CN¥301.8M | CN¥325.9M | CN¥292.5M |
| Operating income | −CN¥7.0M | −CN¥28.8M | −CN¥96.9M | −CN¥14.3M | −CN¥23.7M | −CN¥92.7M | −CN¥38.5M | −CN¥38.5M | −CN¥31.6M | −CN¥28.8M | −CN¥56.9M | −CN¥576.7M |
| Interest income | CN¥25.7M | CN¥30.3M | CN¥32.1M | CN¥34.7M | CN¥59.1M | CN¥75.2M | CN¥117.1M | CN¥129.6M | CN¥128.4M | CN¥125.3M | CN¥96.4M | CN¥101.7M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | CN¥49.9M | CN¥96.8M |
| Income before taxes | CN¥3.4M | −CN¥1.4M | −CN¥113.2M | CN¥10.1M | CN¥1.9M | −CN¥169.1M | CN¥76.1M | CN¥76.1M | CN¥14.4M | CN¥28.8M | CN¥39.9M | −CN¥526.8M |
| Income taxes | CN¥1.8M | CN¥2.6M | CN¥1.3M | CN¥508,000 | CN¥7.4M | CN¥3.1M | CN¥5.1M | CN¥5.1M | CN¥3.8M | CN¥5.6M | CN¥304,000 | −CN¥2.4M |
| Net income | CN¥1.6M | −CN¥4.1M | −CN¥114.5M | CN¥9.6M | −CN¥5.5M | −CN¥172.2M | CN¥71.0M | CN¥71.0M | CN¥10.5M | CN¥23.2M | CN¥39.6M | −CN¥524.0M |
| EBITDA | −CN¥1.8M | −CN¥1.4M | −CN¥159.5M | CN¥10.1M | CN¥7.9M | −CN¥67.4M | CN¥82.0M | −CN¥13.2M | CN¥14.4M | CN¥49.1M | CN¥65.4M | −CN¥501.3M |
| Gross margin | 14.7% | 14.6% | 15.6% | 13.4% | 13.5% | 11.4% | 14.7% | 14.7% | 14.6% | 15.0% | 13.7% | −13.5% |
| Operating margin | −0.4% | −1.7% | −6.2% | −0.8% | −1.5% | −6.2% | −2.6% | −2.6% | −1.9% | −1.6% | −2.9% | −27.4% |
| Net margin | 0.1% | −0.2% | −7.3% | 0.6% | −0.4% | −11.5% | 4.7% | 4.7% | 0.6% | 1.3% | 2.0% | −24.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in HUYA's financial statements (latest annual report filed April 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HUYA financial results
In fiscal year 2025 (ended December 31, 2025), HUYA reported revenue of CN¥6.5 billion, up 7.0% from the year before. It had a net loss of CN¥112.6 million, a net profit margin of −1.7%. Over five years revenue grew at an average rate of −9.8% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the HUYA stock overview for the latest quote and news, or the HUYA chart for price history and technical indicators.
HUYA income statement FAQ
What is HUYA's annual revenue?
HUYA reported total revenue of CN¥6.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.0% from CN¥6.1 billion the previous year.
Is HUYA profitable?
No. HUYA reported a net loss of CN¥112.6 million in fiscal 2025, a net profit margin of −1.7%; its operating margin was −2.5%.
What is HUYA's gross margin?
HUYA's gross margin was 13.4% in fiscal 2025: for every $100 of revenue, HUYA kept $13 after the direct cost of its products and services.
How much does HUYA spend on research and development?
HUYA spent CN¥496.7 million on research and development in fiscal 2025, 7.6% of revenue.
How fast is HUYA growing?
Revenue grew −9.8% a year on average over the last five fiscal years, from CN¥10.9 billion to CN¥6.5 billion.
When will HUYA report its next earnings?
HUYA is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does HUYA's fiscal year end?
HUYA's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 27, 2026.