Hutchmed (china) Ltd income statement
In fiscal 2025, Hutchmed (china) Ltd reported revenue of $549m, down 13.0% on the year before, operating income of −$39.2m (a -7.1% margin) and net income of $457m, or $2.60 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 87 | 178 | 216 | 241 | 214 | 205 | 228 | 356 | 426 | 838 | 630 | 549 |
| Cost of revenue | — | — | — | — | — | — | — | — | 311 | 384 | 349 | 336 |
| Gross profit | — | — | — | — | — | — | — | — | 115 | 454 | 281 | 212 |
| Research and development | 30 | 47 | 67 | 76 | 114 | 138 | 175 | 299 | 387 | 302 | 212 | 148 |
| General and administrative | 13 | 20 | 22 | 24 | 31 | 39 | 50 | 89 | 92 | 80 | 64 | 67 |
| Operating income | −18 | −10 | −47 | −53 | −93 | −146 | −197 | −328 | −408 | 18 | −44 | −39 |
| Interest expense | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 |
| Income before tax | −3 | 13 | 21 | −54 | −87 | −141 | −190 | −216 | −410 | 58 | −1 | 499 |
| Income tax | 1 | 2 | 4 | 3 | 4 | 3 | 5 | 12 | −0 | 5 | 7 | 64 |
| Net income | −7 | 8 | 12 | −27 | −75 | −106 | −126 | −195 | −361 | 101 | 38 | 457 |
| Diluted EPS | — | — | $0.10 | −$0.21 | −$0.56 | −$0.80 | −$0.90 | −$1.25 | −$2.15 | $0.60 | $0.20 | $2.60 |
| Diluted shares (average) | 105m | 109m | 120m | 123m | 133m | 133m | 140m | 159m | 169m | 174m | 175m | 175m |
| EBITDA | −17 | −8 | −44 | −51 | −89 | −141 | −191 | −321 | −399 | 27 | −31 | −26 |
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