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JOYY · Nasdaq · United States · Services-Computer Processing & Data Preparation
In shortJOYY Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+112.1% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -21.3% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 73.1% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 26.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -4.8% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.13× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.14× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -5.40× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 6.92 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 18.0% | 92/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.25× | 0/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 290.1% | 0/100 |
| Operating margin volatility | 72.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 4.5% | 42/100 |
|---|---|---|
| EPS growth, 3-year average | -25.7% | 0/100 |
Weight in the score: 10%
Fiscal year 2020 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 |
|---|---|---|---|---|---|
| Revenue | 8,204 | 11,595 | 829 | 6,239 | 13,231 |
| Cost of revenue | 5,103 | 7,026 | 726 | 4,553 | 9,510 |
| Gross profit | 3,101 | 4,568 | 104 | 1,687 | 3,721 |
| Research & development | 675 | 782 | 515 | 1,634 | 2,097 |
| Operating income | 1,771 | 2,699 | (1,255) | (3,558) | (2,821) |
| Interest expense | 81 | 32 | 8.6 | 267 | 522 |
| Pre-tax income | 1,784 | 2,891 | 565 | (726) | 118 |
| Income tax | 281 | 416 | 68 | (141) | 192 |
| Net income | 1,524 | 2,513 | 2,209 | 3,445 | 9,675 |
| Diluted EPS | ¥1.32 | ¥2.07 | ¥1.27 | ¥0.32 | ¥0.85 |
| Diluted shares (millions) | 1,216 | 1,217 | 1,294 | 1,544 | 1,600 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
6.92 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 27, 2023