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Financial statements

Jumia Technologies AG financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Jumia Technologies AG files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Revenue180159168203186167189
Cost of revenue94.651.566.285.179.36887.2
Gross profit84.910810111810799.5102
Operating income-255-170-222-202-73.3-66-63.2
Interest expense2.881610.319.631.538.96.15
Interest income4.435.6224.815.36.197.329.23
Pre-tax income-254-181-226-231-104-97.6-60.1
Income tax0.642.990.446.980.661.551.41
Income from continuing operations-208-213-99.3-99.1-61.5
Net income to minority interests-0.42-0.04-0.04-0.04-0.02-0.020.01
Net income-254-184-227-238-104-99.1-61.6
EPS, basic-1.80-1.14-1.17-1.19-0.52-0.45-0.25
EPS, diluted-1.80-1.14-1.17-1.19-0.52-0.45-0.25

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Cash and equivalents19137411771.635.555.476.7
Receivables1913.118.423.123.215.813.9
Inventory11.28.2210.911.49.76.4310.1
Total current assets312414553291169169113
Property, plant and equipment19.620.321.828.514.4
Lease right-of-use assets1113.512.514.66.2511.110.7
Intangible assets0.050.540.33
Total assets333436578330190192134
Accounts payable63.375.876.164.255.444.358
Short-term debt3.433.643.915.143.723.943.79
Total current liabilities12015015514311895.799
Lease liabilities6.879.758.638.712.367.267.93
Total liabilities129162166156121106108
Paid-in capital1,1421,4781,7361,7361,7361,7921,792
Retained earnings-1,240-1,567-1,722-1,961-2,065-2,169-2,231
Shareholders' equity20527541317569.286.826.3
Minority interests-0.57-0.45-0.45-0.47-0.51-0.51-0.54
Total equity20527541317468.786.325.7
Total liabilities and equity333436578330190192134

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024FY2025
Net income-254-184-227-238-104-99.1-61.5
Cash from operations-204-112-171-240-73-57.2-47.9
Capital expenditures-6.33-2.28-7.17-11.1-2.25-3.68-4.67
Cash from investing-75.667-40521262.5-10.475.6
Stock issued3722433490099.60
Cash from financing358225334-8.76-7.4189.5-6.44
Exchange rate effect-2.743.65-15.1-8.82-18.2-1.980.03
Free cash flow-211-115-178-251-75.2-60.9-52.6

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $6.88 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin53.9%Gross profit / revenue.
Operating margin-33.5%Operating income / revenue.
Pre-tax margin-31.8%Pre-tax income / revenue.
Net margin-32.6%Net income / revenue.
FCF margin-27.8%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-25.4%Cash from operations / revenue.
Return on equity (ROE)-108.9%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-37.8%Net income / average total assets.
Capex / revenue2.5%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y12.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-2.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y3.5%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y2.3%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-4.9%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-1.2%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-69.7%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-46.8%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-37.5%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-30.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-26.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-21.1%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.14xCurrent assets / current liabilities.
Quick ratio0.91x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.77x(Cash + short-term investments) / current liabilities.
Liabilities / assets80.7%Total liabilities / total assets.
Interest coverage-10.3xOperating income / interest expense.
Working capital$13.7MCurrent assets - current liabilities.
Tangible book value$26.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.16xRevenue / average total assets.
Inventory turnover10.5xCost of revenue / average inventory.
Days inventory35 days365 x average inventory / cost of revenue.
Receivables turnover12.7xRevenue / average receivables.
Days sales outstanding29 days365 x average receivables / revenue.
Days payables214 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-151 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.25Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$0.25Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$888.2MShare price x shares outstanding.
Enterprise value$811.5MMarket cap + total debt - cash - short-term investments.
P/S4.70xMarket cap / revenue.
P/B33.8xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book33.8xMarket cap / tangible book value, when positive.
EV/Sales4.30xEnterprise value / revenue.
FCF yield-5.9%Free cash flow / market cap.
Earnings yield-6.9%Net income / market cap (the inverse of P/E).
What was Jumia Technologies AG's revenue in fiscal 2025?

Jumia Technologies AG reported revenue of $188.9M for fiscal 2025, 12.8% higher than the year before.

Was Jumia Technologies AG profitable in fiscal 2025?

No. It reported a net loss of $61.6M.

How much free cash flow did Jumia Technologies AG generate in fiscal 2025?

Cash from operations of $47.9M minus capital expenditures of $4.7M left free cash flow of -$52.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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