YRD: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	5.72bn	5.81bn	4.90bn	3.43bn
Research and development	407m	412m	149m	152m
Selling, general and administrative	322m	275m	231m	272m
Operating expenses	—	570m	2.30bn	1.96bn
Operating income	−5.94bn	−4.16bn	−2.30bn	—
Pre-tax income	−38m	255m	2.65bn	1.50bn
Income tax	−97m	279m	565m	301m
Net income	55m	217m	2.08bn	1.19bn
Earnings per share	0.31	1.25	11.77	6.84
Earnings per share, diluted	0.31	1.24	11.64	6.81
Weighted average shares	174m	173m	177m	175m
Weighted average shares, diluted	175m	175m	179m	175m

Metric	Aug 19, 2026	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	—	3.35bn	3.84bn	5.79bn	4.27bn	2.95bn
Receivables	—	—	826m	78m	499m	—	—
Property, plant and equipment	—	—	50m	11m	79m	—	—
Total assets	—	—	13.45bn	1.78bn	10.28bn	—	—
Total liabilities	—	—	4.18bn	471m	2.19bn	—	—
Equity	—	—	9.27bn	1.31bn	8.09bn	6.03bn	4.82bn
Shares outstanding	—	—	175m	173m	175m	—	—
Shares issued	—	—	205m	203m	201m	—	—
Treasury shares	—	—	12m	12m	7m	—	—

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	704m	195m	2.17bn	1.85bn
Depreciation and amortisation	13m	9m	7m	26m
Share-based compensation	30m	2m	7m	22m
Capital expenditure	26m	1m	4m	882,000
Investing cash flow	−1.58bn	−426m	100m	53m
Dividends paid	273m	122m	—	—
Share buybacks	223,000	76m	48m	4m
Financing cash flow	663m	−277m	−569m	−489m