IQ
iQIYI Inc
NASDAQ: IQ · COMMUNICATION SERVICES · ENTERTAINMENT
$1.16
+4.50% today
Updated 2026-04-29
Market cap
$1.12B
P/E ratio
—
P/S ratio
0.04x
EPS (TTM)
$-0.03
Dividend yield
—
52W range
$1 – $3
Volume
11.3M
iQIYI Inc (IQ) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.32B | $11.24B | $17.38B | $24.99B | $28.99B | $29.71B | $30.55B | $29.00B | $31.87B | $29.23B | $26.55B |
| Revenue growth (YoY) | — | +111.3% | +54.6% | +43.8% | +16.0% | +2.5% | +2.9% | -5.1% | +9.9% | -8.3% | -9.2% |
| Cost of revenue | $6.04B | $11.44B | $17.39B | $27.13B | $30.35B | $27.88B | $27.51B | $22.32B | $23.10B | $21.95B | $20.96B |
| Gross profit | $-723.18M | $-199.19M | $-8.21M | $-2.14B | $-1.35B | $1.82B | $3.04B | $6.68B | $8.77B | $7.27B | $5.59B |
| Gross margin | -13.6% | -1.8% | -0.0% | -8.6% | -4.7% | 6.1% | 10.0% | 23.0% | 27.5% | 24.9% | 21.1% |
| R&D | $499.96M | $824.48M | $1.27B | $1.99B | $2.67B | $2.68B | $2.79B | $1.90B | $1.77B | $1.78B | $1.62B |
| SG&A | $667.52M | $857.92M | $1.30B | $1.90B | $2.48B | $2.88B | $2.34B | $1.66B | $1.38B | $1.26B | $3.86B |
| Operating income | $-2.43B | $-2.79B | $-3.95B | $-8.31B | $-9.26B | $-6.04B | $-4.48B | $1.31B | $2.99B | $1.81B | $223.07M |
| Operating margin | -45.6% | -24.8% | -22.7% | -33.2% | -31.9% | -20.3% | -14.7% | 4.5% | 9.4% | 6.2% | 0.8% |
| EBITDA | $411.86M | $2.31B | $4.90B | $6.27B | $7.86B | $11.28B | $12.10B | $14.34B | $17.25B | $1.82B | $223.07M |
| EBITDA margin | 7.7% | 20.5% | 28.2% | 25.1% | 27.1% | 38.0% | 39.6% | 49.4% | 54.1% | 6.2% | 0.8% |
| EBIT | $-2.51B | $-2.71B | $-3.87B | $-8.71B | $-9.31B | $-5.92B | $-4.66B | $681.30M | $3.16B | $1.81B | — |
| Interest expense | $55.49M | $110.48M | $277.58M | $94.71M | $914.37M | $1.07B | $1.35B | $715.08M | $1.13B | $1.06B | $884.83M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-2.58B | $-3.07B | $-3.74B | $-9.11B | $-10.28B | $-7.01B | $-6.19B | $-136.21M | $1.93B | $764.06M | $-200.69M |
| Net income growth (YoY) | — | -19.4% | -21.6% | -143.8% | -12.8% | +31.8% | +11.7% | +97.8% | +1513.6% | -60.3% | -126.3% |
| Profit margin | -48.4% | -27.4% | -21.5% | -36.5% | -35.4% | -23.6% | -20.3% | -0.5% | 6.0% | 2.6% | -0.8% |