DouYu International Holdings
NASDAQ: DOYU · COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION
Updated 2026-06-05
DouYu International Holdings (DOYU) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $-714.11M | $-381.04M | $-337.59M | $813.18M | $667.65M | $-586.26M | $-464.79M | $-47.69M | $-238.85M | $-52.25M |
| Capital expenditures | $46.84M | $32.04M | $115.99M | $121.95M | $82.35M | $122.51M | $165.58M | $16.30M | $13.12M | $1.79M |
| Depreciation | — | — | — | — | — | — | — | — | — | — |
| Stock-based comp | $24.93M | $17.57M | $35.40M | $290.78M | $142.15M | $132.14M | $457.31M | $0.00 | $0.00 | — |
| Free cash flow | $-760.96M | $-413.08M | $-453.58M | $691.23M | $585.29M | $-708.76M | $-630.38M | $-63.99M | $-251.97M | $-54.04M |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | $4.46M | $0.00 | $0.00 | $0.00 | — | — | $0.00 | $0.00 | $2.10B | $2.15B |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
Frequently asked questions
What is DouYu International Holdings's revenue?
DouYu International Holdings's trailing twelve-month revenue is $3.69B. 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 DOYU?
In its most recent fiscal year, DOYU ran a gross margin of 12.82%, an operating margin of 0.28%, and a net margin of -0.76%. 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 DOYU generate?
DOYU produced $-54.04M 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 DOYU's balance sheet healthy?
DOYU holds $1.76B in cash and equivalents against — in long-term debt, on $1.99B of shareholder equity. That debt is best read against the cash flow the business throws off each year.