Hello Group Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Hello Group Inc. 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	553	1,318	1,950	2,444	2,303	2,287	1,842	1,690	1,447	1,482
Cost of revenue	241	649	1,045	1,220	1,222	1,316	1,076	990	883	922
Gross profit	312	669	905	1,224	1,080	972	766	701	564	561
Selling and marketing	97.2	217	264	387	431	409	301	199	182	196
General and administrative	39	62.6	93.1	219	117	98	86.4	70.8	69.5	65.1
Operating income	144	361	475	511	388	-375	236	325	210	194
Interest expense			8.22	11.3	12.1	11.6	12.1	8.76	17.5	10.4
Interest income	8.19	21.6	39.7	58.5	68.1	60.3	53.5	61.4	70	53.5
Pre-tax income	147	378	500	556	444	-329	294	374	250	238
Income tax	5.14	66	102	127	116	129	81.5	88.7	116	121
Net income to minority interests		-0.54	-3.96	-1.45	-0.47	-1.88	-0.62	-0.83	0	0.36
Net income	145	319	410	427	322	-457	215	276	142	115
EBITDA	153	373	497	539	420	-351	251	335	217	200
EPS, basic	0.38	0.81	1.01	1.03	0.77	-1.13	0.55	0.73	0.39	0.35
EPS, diluted	0.36	0.77	0.96	0.97	0.74	-1.13	0.53	0.69	0.38	0.34
Shares, basic (weighted)	377	395	407	415	417	405	390	378	369	332
Shares, diluted (weighted)	407	415	433	451	452	405	424	402	374	339

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	258	686	359	375	516	874	728	792	565	761
Short-term investments		1.61					43.5	0		17.8
Receivables	36.1	39.6	105	38.1	30.8	32.2	27.4	28.4	26.3	35.2
Other current assets	32.6	82.7	90.3	86	94.1	122	119	102	151	113
Total current assets	720	1,189	1,837	2,269	1,800	1,477	1,700	1,103	1,646	1,392
Property, plant and equipment	13.9	39.8	56.4	49.7	40.7	28.4	25.1	92.8	123	203
Lease right-of-use assets				27.4	42.6	40.5	16.7	15.4	34.5	17
Goodwill		3.4	626	626	627	0			18.7	85.3
Intangible assets		7.46	151	128	105	4.29	3.22	2.41	11.9	34.4
Long-term investments	31.9	44.3	65.1	71.2	69.7	129	130	111	113	217
Other non-current assets	2.59	8.5	10.4	6.32	14.5	13.2	23.6	25.4	15.2	16.4
Total assets	770	1,302	2,758	3,230	3,559	2,842	2,295	2,286	2,518	1,970
Accounts payable	40.5	74.5	104	103	107	114	89.5	86.9	84.3	83.6
Accrued liabilities	40	87.8	123	142	131	143	116	88.8	96.5	121
Deferred revenue	41.3	64.9	64.3	72.3	78.4	84.7	70.3	62.4	58.6	67
Short-term debt									324	0
Total current liabilities	134	260	392	374	386	395	687	295	877	297
Long-term debt								273	0	0.45
Lease liabilities				8.12	20.9	16.2	4.83	7.35	15.8	5.72
Other non-current liabilities	2.02	2.31	16	3.26	3.93	20.1	15.3	16.1	17.7	5.66
Total liabilities	136	264	1,155	1,259	1,285	1,181	710	597	952	385
Total debt								273	0	0.45
Paid-in capital	663	714	823	886	1,033	1,132	1,100	1,101	675	654
Retained earnings	51.1	370	780	1,072	1,294	734	771	890	910	1,016
Treasury stock	-64.5	-64.5	-58.5	-57.8	-112	-250	-289	-310	-44.6	-80.3
Other comprehensive income	-16.2	16	45.6	43.5	28.2	23.4	-20.3	-17.8	0.15	-33.5
Shareholders' equity	634	1,038
Minority interests		2.85	13.4	27.1	30.1	21.8	22.2	25.6	25.7	29.5
Total equity	634	1,038	1,603	1,971	2,274	1,661	1,585	1,688	1,566	1,585
Total liabilities and equity	770	1,302	2,758	3,230	3,559	2,842	2,295	2,286	2,518	1,970

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	145	318	406	425	322	-459	215	275	142	115
Depreciation and amortization	8.4	11.7	21.6	28.5	32	24.4	15.5	10.5	7.24	6.16
Stock-based compensation	31.7	49.7	84.5	202	104	74.7	58.2	37.6	26.4	23.3
Change in receivables	-23	-1.23	-64.1	63.5	8.01	-1.63	2.95	-3	1.04	-3.44
Change in payables	32	25.8	34	7.51	-1.8	4.78	-16.7	1.93	-0.45	-5.4
Cash from operations	218	428	484	783	472	245	178	321	225	169
Capital expenditures	-7.03	-32.3	-35.3	-26.8	-19	-15	-11.7	-81.2	-39.1	-70.4
Acquisitions			-483						-18.7	-90.6
Purchases of investments		-2.37	-66.5	-51.7	-1.53		-43.5	0	0	-17.5
Cash from investing	-118	-27.3	-1,459	-579	-115	400	249	340	-76.6	23.5
Debt issued								303	0	0
Stock issued	0.33	0.56	0.77	0.03	0.04	0.12	0.02	0.09	0	0
Share buybacks					-50.6	-135	-56.9	-29.9	-164	-107
Dividends paid				-126	-172	-134	-122	-135	-98.1	-49.5
Cash from financing	0.01	0.42	682	-183	-230	-280	-498	-239	32.4	-778
Exchange rate effect							6	13.2	5.78	-15.8
Net change in cash	88.1	428	-290	20.8	115	358	-65	434	186	-601
Free cash flow	211	395	449	756	453	230	166	240	186	98.8
Interest paid									13.6	14.6
Income taxes paid									79.4	110

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $4.99 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	37.8%	Gross profit / revenue.
Operating margin	13.1%	Operating income / revenue.
EBITDA margin	13.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	16.0%	Pre-tax income / revenue.
Net margin	7.8%	Net income / revenue.
FCF margin	6.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	11.4%	Cash from operations / revenue.
Effective tax rate	50.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	5.1%	Net income / average total assets.
Stock-based pay / revenue	1.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	4.8%	Capital expenditures / revenue.
D&A / revenue	0.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-7.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-8.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-0.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-9.9%	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	-12.3%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-7.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-6.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-13.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-8.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-7.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-13.8%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-19.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-18.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-18.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-10.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-13.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-14.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-24.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-1.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-18.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-46.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-15.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-26.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-21.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-5.0%	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	-11.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-9.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-7.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-5.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	4.68x	Current assets / current liabilities.
Quick ratio	2.74x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	2.62x	(Cash + short-term investments) / current liabilities.
Debt / assets	0.0%	Total debt / total assets.
Liabilities / assets	19.6%	Total liabilities / total assets.
Net debt	-$778.1M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-3.89x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	18.7x	Operating income / interest expense.
Working capital	$1.09B	Current assets - current liabilities.
Goodwill and intangibles / assets	6.1%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.66x	Revenue / average total assets.
Fixed asset turnover	9.10x	Revenue / average property, plant and equipment.
Receivables turnover	48.2x	Revenue / average receivables.
Days sales outstanding	8 days	365 x average receivables / revenue.
Days payables	33 days	365 x average accounts payable / cost of revenue.
FCF conversion	85.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	41.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.34	Net 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	$0.35	Net income per basic share, as reported (split-adjusted).
Revenue per share	$4.38	Revenue / diluted weighted shares.
FCF per share	$0.29	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.50	Cash from operations / diluted weighted shares.
Cash per share	$2.30	(Cash + short-term investments) / shares outstanding.
Payout ratio	43.1%	Dividends paid / net income, when net income is positive.
Dividends / FCF	50.1%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	108.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$737.3M	Share price x shares outstanding.
Enterprise value	-$40.9M	Market cap + total debt - cash - short-term investments.
P/E	6.41x	Market cap / net income. Only when net income is positive.
P/S	0.50x	Market cap / revenue.
P/FCF	7.47x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	4.36x	Market cap / cash from operations, when positive.
FCF yield	13.4%	Free cash flow / market cap.
Earnings yield	15.6%	Net income / market cap (the inverse of P/E).
Dividend yield	6.7%	Dividends paid over the period / market cap.
Shareholder yield	21.3%	(Dividends paid + share buybacks) / market cap.

What was Hello Group Inc.'s revenue in fiscal 2025?

Hello Group Inc. reported revenue of $1.48B for fiscal 2025, 2.4% higher than the year before.

Was Hello Group Inc. profitable in fiscal 2025?

Yes. Net income was $115.0M, a net margin of 7.8%.

How much free cash flow did Hello Group Inc. generate in fiscal 2025?

Cash from operations of $169.2M minus capital expenditures of $70.4M left free cash flow of $98.8M.

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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