Noah Holdings Ltd (NOAH)
Noah Holdings Ltd reported revenue of $376.1M in fiscal 2025, up 4.7% from a year earlier. Net income was $79.9M, a net margin of 21.3%. Operating cash flow minus capital spending left $120.5M of free cash flow in fiscal 2025. At December 31, 2025 it held $623.6M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 29, 2026.
Key facts about Noah Holdings Ltd
- Net worth
- Noah Holdings Ltd has a market value (market cap) of $447.2M at the latest share price, and shareholders' equity of $1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $376.1M (+4.7% year on year), with net income of $79.9M.
- Cash flow
- In fiscal 2025 operations brought in $139.7M of cash; after $19.2M of capital spending, free cash flow was $120.5M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 29, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Noah Holdings Ltd does
Noah Holdings Ltd is registered with the SEC under industry code SIC 6282 (Investment Advice). Its shares trade on NYSE under the ticker NOAH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $376.1M | $79.9M | $0.23 | $120.5M |
| 2024 | $359.1M | $65.1M | $0.18 | $41.8M |
| 2023 | $467.3M | $142.2M | $0.41 | $163.4M |
| 2022 | $453.6M | $141.6M | $4.14 | $82.7M |
| 2021 | $678.9M | $206.2M | $6.10 | -$117.6M |
| 2020 | $509.5M | -$114.2M | -$3.68 | $114.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NOAH ranks in Finance
Dividends
It paid out $78.2M in cash dividends, 98% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $78.2M | 98% |
| 2024 | n/a | $138.1M | 212% |
| 2023 | n/a | $25M | 18% |
| 2014 | n/a | $263.1K | n/a |
| 2013 | n/a | $7.7M | n/a |
| 2012 | n/a | $7.9M | n/a |
Latest SEC filings
What Noah Holdings Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- October 8, 2026
- September 15, 2026
- September 4, 2026
- August 28, 2026
- August 26, 2026
- August 25, 2026
- August 17, 2026
- August 14, 2026
- August 6, 2026
Insider trades
What the people running Noah Holdings Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $126.2K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 30, 2026 | Wu May YihongDirector | Sold | 1,000 | $7.9K |
| September 30, 2026 | Wu May YihongDirector | Sold | 1,000 | $7.9K |
| September 30, 2026 | Wu May YihongDirector | Sold | 1,000 | $7.9K |
| September 30, 2026 | Wu May YihongDirector | Sold | 1,000 | $7.9K |
| September 30, 2026 | Wu May YihongDirector | Sold | 1,000 | $7.9K |
| September 30, 2026 | Wu May YihongDirector | Sold | 1,000 | $7.9K |
| September 30, 2026 | Wu May YihongDirector | Sold | 1,000 | $7.9K |
| September 30, 2026 | Wu May YihongDirector | Sold | 1,000 | $7.9K |
Who owns NOAH
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| FIL Limited13G, passive with 2 related filers | 9.9% | May 6, 2026 |
Largest institutional holders
Insiders
4 insiders reported holding 86,890,610 shares in total, about $579.6M at the last price.
| Holder | Shares |
|---|---|
| Wang Jingbo (Norah)Director, 10% owner | 68,736,75568,736,755 held indirectly |
| Yin ZheCHIEF EXECUTIVE OFFICER, Director | 17,205,33517,205,335 held indirectly |
| Pan QingCHIEF FINANCIAL OFFICER | 928,520 |
| Wu May YihongDirector | 20,000 |
Questions about NOAH
What does Noah Holdings Ltd do?
Noah Holdings Ltd is a company in the Finance sector, listed on NYSE as NOAH. Its shares trade on NYSE under the ticker NOAH.
What is Noah Holdings Ltd's net worth?
Noah Holdings Ltd has a market value (market cap) of $447.2M at the latest share price, and shareholders' equity of $1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Noah Holdings Ltd profitable?
Yes. In fiscal 2025 it reported net income of $79.9M on revenue of $376.1M, a net margin of 21.3%.
How much revenue does Noah Holdings Ltd make?
In fiscal 2025 Noah Holdings Ltd reported revenue of $376.1M. That is 4.7% more than a year earlier.
When did Noah Holdings Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 29, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 5, 2026.
Similar companies
Compare NOAH with
Follow NOAH
Get an email when Noah Holdings Ltd files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Noah Holdings Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.