Atour Lifestyle Holdings Limited American Depositary Shares
NASDAQ: ATAT · CONSUMER CYCLICAL · LODGING
Updated 2026-06-05
Atour Lifestyle Holdings Limited American Depositary Shares (ATAT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.57B | $1.57B | $2.15B | $2.26B | $4.67B | $7.25B | $9.79B |
| Revenue growth (YoY) | — | -0.0% | +37.1% | +5.4% | +106.2% | +55.3% | +35.1% |
| Cost of revenue | $1.10B | $1.15B | $1.54B | $1.55B | $2.75B | $4.19B | $5.46B |
| Gross profit | $469.65M | $416.45M | $606.63M | $717.86M | $1.91B | $3.06B | $4.33B |
| Gross margin | 30.0% | 26.6% | 28.2% | 31.7% | 41.0% | 42.2% | 44.3% |
| R&D | $29.36M | $33.65M | $52.12M | $66.18M | $77.29M | $134.02M | $177.92M |
| SG&A | $138.24M | $131.37M | $197.06M | $350.01M | $451.47M | $352.59M | $516.67M |
| Operating income | $91.40M | $63.27M | $196.06M | $164.96M | $924.03M | $1.62B | $2.31B |
| Operating margin | 5.8% | 4.0% | 9.1% | 7.3% | 19.8% | 22.4% | 23.6% |
| EBITDA | $182.71M | $161.86M | $305.74M | $275.62M | $1.07B | $1.79B | $2.42B |
| EBITDA margin | 11.7% | 10.3% | 14.2% | 12.2% | 23.0% | 24.7% | 24.7% |
| EBIT | $112.62M | $76.91M | $211.82M | $187.06M | $987.10M | $1.72B | $2.37B |
| Interest expense | $4.29M | $1.48M | $7.94M | $6.50M | $5.00M | $3.11M | $4.25M |
| Income tax | $47.36M | $35.55M | $63.39M | $85.96M | $243.00M | $446.22M | — |
| Effective tax rate | 42.2% | 45.8% | 30.4% | 46.7% | 24.8% | 25.9% | 0.0% |
| Net income | $64.96M | $42.05M | $145.05M | $98.10M | $737.14M | $1.28B | $1.62B |
| Net income growth (YoY) | — | -35.3% | +244.9% | -32.4% | +651.4% | +73.0% | +27.1% |
| Profit margin | 4.1% | 2.7% | 6.8% | 4.3% | 15.8% | 17.6% | 16.6% |
Frequently asked questions
What is Atour Lifestyle Holdings Limited American Depositary Shares's revenue?
Atour Lifestyle Holdings Limited American Depositary Shares's trailing twelve-month revenue is $10.70B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is ATAT?
In its most recent fiscal year, ATAT ran a gross margin of 44.26%, an operating margin of 23.56%, and a net margin of 16.56%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does ATAT generate?
ATAT produced $1.86B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is ATAT's balance sheet healthy?
ATAT holds $3.31B in cash and equivalents against $2.00M in long-term debt, on $3.60B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.