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HUYA Financials HUYA Inc.

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 11.1% per year over the past 5 years.
  • Operating margin has contracted, at -2.5% in the latest year.

Financial health

  • The company is unprofitable; at its current free-cash-flow burn it has roughly 2.0 years of cash runway.

Shareholder returns

  • Dividends have been paid for 2 consecutive years.
  • The dividend has declined 12.0% per year over the past 5 years.
Revenue & net income
-$282M $750M $2B $0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-42% -10% 21% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$86M $92M $271M $0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $252M $505M 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$664M -$32M $600M $0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $930M -$16M 13.4% -2.5% -$49M $99M
2024 $833M -$7M 13.3% -3.1% -$13M $163M
2023 $985M -$29M 11.7% -6.3% -$22M $72M
2022 $1.3B -$71M 6.6% -7.7% -$86M $95M
2021 $1.8B $92M 14.1% -0.3% $45M $281M
2020 $1.7B $136M 20.8% 6.6% $182M $505M
2019 $1.2B $67M 17.7% 3.1% $271M $160M
2018 $678M -$282M 15.6% 0.6% $93M $103M

Valuation over time

How the market has priced HUYA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 0.6 1.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 34.2 68.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is HUYA growing its revenue and profit?

Over the past 5 years, HUYA Inc.'s revenue has declined 11.1% per year. These are computed facts, not advice.

How much debt does HUYA have?

As of FY2025, HUYA Inc. reported — of total debt against $99M of cash.

What is HUYA's profit margin?

In FY2025, gross margin was 13.4%, operating margin -2.5%, and net margin -1.7%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.