IQ: financial statements from SEC — TradeAlmanac

IQ

iQIYI, Inc.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	27.29bn	29.23bn	31.87bn	29.00bn
Cost of revenue	21.54bn	21.95bn	23.10bn	22.32bn
Research and development	1.66bn	1.78bn	1.77bn	1.90bn
Selling, general and administrative	551m	3.68bn	4.01bn	3.47bn
Operating expenses	3.87bn	27.41bn	28.88bn	27.69bn
Operating income	33m	1.81bn	2.99bn	1.31bn
Pre-tax income	−60m	852m	2.03bn	−34m
Income tax	21m	61m	80m	84m
Net income	−206m	764m	1.93bn	−136m
Earnings per share	−0.03	0.11	0.29	−0.02
Earnings per share, diluted	0.00	0.11	0.28	−0.02
Weighted average shares	3.71bn	3.69bn	3.63bn	2.98bn
Weighted average shares, diluted	6.75bn	6.80bn	6.82bn	5.99bn

Balance sheet

Metric	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	623m	3.53bn	4.43bn	7.10bn	—
Short-term investments	—	45m	942m	942m	—

Cash flow

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	106m	2.11bn	3.35bn	−71m
Depreciation and amortisation	138m	148m	275m	337m
Share-based compensation	58m	544m	637m	811m
Capital expenditure

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)