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ZEPP Financials Zepp Health Corp

9 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 23.5% per year over the past 5 years.
  • Operating margin has contracted, at -11.3% in the latest year.

Financial health

  • Total debt ($59M) exceeds cash ($57M); net debt is $2M.
  • Total debt has grown faster than revenue (45.3% vs -23.5% per year).
  • Operating income covered interest expense -5.1× in the latest year.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 2.2 years of cash runway.
Revenue & net income
-$76M $455M $986M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-41% -2% 38% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$118M -$9M $100M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $174M $348M 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$168M -$32M $103M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $259M -$40M 38.3% -11.3% -$26M $59M $57M
2024 $183M -$76M 38.5% -25.9% -$26M $75M $91M
2023 $353M -$31M 26.2% -8.6% $41M $120M $134M
2022 $614M -$43M 19.4% -10.1% -$118M $99M $129M
2021 $981M $22M 20.9% 1.5% -$44M $114M $230M
2020 $986M $35M 20.7% 2.7% $11M $9M $348M
2019 $835M $83M 25.3% 10.4% $57M $259M
2018 $530M $49M 25.8% 10.0% $100M $210M
2017 $26M $33M $56M

Valuation over time

How the market has priced ZEPP 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 31.6 63.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 1.2 2.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is ZEPP growing its revenue and profit?

Over the past 5 years, Zepp Health Corp's revenue has declined 23.5% per year. These are computed facts, not advice.

How much debt does ZEPP have?

As of FY2025, Zepp Health Corp reported $59M of total debt against $57M of cash; operating income covered interest expense -5.1×.

What is ZEPP's profit margin?

In FY2025, gross margin was 38.3%, operating margin -11.3%, and net margin -15.5%.

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.