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Iqiyi, Inc. (IQ) stock

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NASDAQ: IQ Nasdaq Movies & Entertainment Next results ~November 16, 2026

C Fundamentals grade

Iqiyi, Inc. is a US-listed company in the movies & entertainment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 59% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 59% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Iqiyi, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds56 adding, 60 cuttingOf 15 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Iqiyi files

Where Iqiyi stands after its latest Filing

Revenue for the twelve months was $3.80bn, down 6.5% on a year earlier, a smaller fall than the 9.8% decline a quarter earlier. That puts it 23 of 25 for growth among the movies & entertainment companies we cover. Free-cash-flow margin rose to 0.0% from -20.3% a year earlier. Operating margin widened to 0.8% from -14.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 7 financial-health checks.

Our model value for Iqiyi is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 16, 2026 (estimated)

Iqiyi, Inc.'s trailing-twelve-month revenue fell 6.5% year on year, with a free-cash-flow margin of 0.0%. Where it lags: revenue growth of -6.5% ranks 23 of 25 movies & entertainment companies we cover.

Our discounted-cash-flow model values the business at ~$3.6 per share in the base case (~$2.5–$5.1 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 41% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Iqiyi, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 6.5% over the last 12 months.
  • Margins narrowing. Operating margin is down 5.4 points on a year ago.
  • Share dilution. Diluted shares rose 846.8% in a year.
  • Gross margin slipping. Gross margin is down 3.8 points on a year ago.
  • Heavily shorted. 14.3% of the shares available to trade are sold short (8.1 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results

Earnings per share
-$0.13 against an average estimate of -$0.09: missed by 40.9%
Next report
November 16, 2026

Iqiyi's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.8%
  • 1 week-2.3%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.8B
Operating margin
0.8%
Net margin
-0.8%

Growth

Revenue growth
−6.5%
Change in growth rate
+3.3 pts

Cash

Free cash flow (TTM)
$1.4M
FCF margin
0.0%
Stock pay % of revenue
1.5%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for IQ from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Iqiyi, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 59% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Our value per share comes from a discounted-cash-flow model of Iqiyi, Inc.'s free cash flow after stock-based pay ( $268M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 16, 2026, before the open.

Analysts' consensus

No analyst estimates are published for Iqiyi, Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.09 −$0.13 −40.9%
Mar 2026 −$0.22 −$0.24 −10.4%
Dec 2025 $0.06 $0.11 +79.3%
Sept 2025 −$0.15 −$0.15 +2.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

19 analysts, Nov 2026
Buy842%
Hold1053%
Sell15%

Monthly trend

  1. Nov 2026261019
  2. Oct 2026261019
  3. Sep 2026271020

Counts of recommendations published by analysts covering Iqiyi, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
14.3%
of tradable shares
Days to cover
8.05
at average volume
Short interest, 1 month
−10%
to October 15, 2026
Held by institutions
65%
of shares
Held by insiders
0.3%
of shares
Employees
4,603
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
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Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Iqiyi, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Iqiyi, Inc.
$1B $2B $3B $4B $5B FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY16 Q4: $1.7B Revenue (TTM), FY17 Q4: $2.6B Revenue (TTM), FY18 Q4: $3.8B Revenue (TTM), FY19 Q4: $4.2B Revenue (TTM), FY20 Q4: $4.3B Revenue (TTM), FY21 Q4: $4.7B Revenue (TTM), FY22 Q4: $4.3B Revenue (TTM), FY23 Q4: $4.5B Revenue (TTM), FY24 Q4: $4.1B Revenue (TTM), FY25 Q4: $3.8B $3.8B

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY16 Q4 $1.7B
FY17 Q4 $2.6B
FY18 Q4 $3.8B
FY19 Q4 $4.2B
FY20 Q4 $4.3B
FY21 Q4 $4.7B
FY22 Q4 $4.3B
FY23 Q4 $4.5B
FY24 Q4 $4.1B
FY25 Q4 $3.8B
Revenue growth, TTM YoY Iqiyi, Inc.
-20% 0% 20% 40% 60% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY17 Q4: 52.0% Revenue growth, TTM YoY, FY18 Q4: 47.2% Revenue growth, TTM YoY, FY19 Q4: 10.9% Revenue growth, TTM YoY, FY20 Q4: 2.5% Revenue growth, TTM YoY, FY21 Q4: 10.0% Revenue growth, TTM YoY, FY22 Q4: -8.8% Revenue growth, TTM YoY, FY23 Q4: 4.3% Revenue growth, TTM YoY, FY24 Q4: -9.8% Revenue growth, TTM YoY, FY25 Q4: -6.5% -6.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY17 Q4 52.0%
FY18 Q4 47.2%
FY19 Q4 10.9%
FY20 Q4 2.5%
FY21 Q4 10.0%
FY22 Q4 -8.8%
FY23 Q4 4.3%
FY24 Q4 -9.8%
FY25 Q4 -6.5%
Operating margin (TTM) Iqiyi, Inc.
-40% -20% 0% 20% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY16 Q4: -24.8% Operating margin (TTM), FY17 Q4: -22.7% Operating margin (TTM), FY18 Q4: -33.2% Operating margin (TTM), FY19 Q4: -31.9% Operating margin (TTM), FY20 Q4: -20.3% Operating margin (TTM), FY21 Q4: -14.7% Operating margin (TTM), FY22 Q4: 4.5% Operating margin (TTM), FY23 Q4: 9.4% Operating margin (TTM), FY24 Q4: 6.2% Operating margin (TTM), FY25 Q4: 0.8% 0.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY16 Q4 -24.8%
FY17 Q4 -22.7%
FY18 Q4 -33.2%
FY19 Q4 -31.9%
FY20 Q4 -20.3%
FY21 Q4 -14.7%
FY22 Q4 4.5%
FY23 Q4 9.4%
FY24 Q4 6.2%
FY25 Q4 0.8%
FCF margin (TTM) Iqiyi, Inc.
-40% -20% 0% 20% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY16 Q4: 19.7% FCF margin (TTM), FY17 Q4: 17.2% FCF margin (TTM), FY18 Q4: 9.1% FCF margin (TTM), FY19 Q4: 10.9% FCF margin (TTM), FY20 Q4: -19.0% FCF margin (TTM), FY21 Q4: -20.3% FCF margin (TTM), FY22 Q4: -0.8% FCF margin (TTM), FY23 Q4: 10.4% FCF margin (TTM), FY24 Q4: 6.9% FCF margin (TTM), FY25 Q4: 0.0% 0.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY16 Q4 19.7%
FY17 Q4 17.2%
FY18 Q4 9.1%
FY19 Q4 10.9%
FY20 Q4 -19.0%
FY21 Q4 -20.3%
FY22 Q4 -0.8%
FY23 Q4 10.4%
FY24 Q4 6.9%
FY25 Q4 0.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 1,693 2,573 3,787 4,199 4,306 4,737 4,318 4,504 4,062 3,798
Gross profit −30 −1 −325 −196 264 471 994 1,239 1,011 800
EBITDA −374 −534 −1,211 −1,272 −806 −632 246 461 272 51
Operating income −420 −585 −1,259 −1,341 −876 −694 195 422 252 32
Net income −463 −553 −1,380 −1,495 −1,020 −956 −20 272 106 −29
Diluted EPS — −$1.19 — — — — — — — —
Growth (year on year)
Revenue — +52.0% +47.2% +10.9% +2.5% +10.0% −8.8% +4.3% −9.8% −6.5%
EBITDA — — — — — — — +87.8% −41.0% −81.2%
Operating income — — — — — — — +116.2% −40.4% −87.3%
Net income — — — — — — — — −61.0% −127.0%
Margins
Gross margin −1.8% −0.0% −8.6% −4.7% 6.1% 10.0% 23.0% 27.5% 24.9% 21.1%
EBITDA margin −22.1% −20.7% −32.0% −30.3% −18.7% −13.3% 5.7% 10.2% 6.7% 1.3%
Operating margin −24.8% −22.7% −33.2% −31.9% −20.3% −14.7% 4.5% 9.4% 6.2% 0.8%
Net margin −27.4% −21.5% −36.5% −35.6% −23.7% −20.2% −0.5% 6.0% 2.6% −0.8%
Free-cash-flow margin 19.7% 17.2% 9.1% 10.9% −19.0% −20.3% −0.8% 10.4% 6.9% 0.0%
Cash flow
Cash from operations 394 594 437 566 −784 −923 −11 474 293 15
Capital spending 60 151 93 107 35 41 26 5 11 13
Free cash flow 333 443 344 459 −819 −963 −36 468 282 1
Stock-based pay 9 35 84 157 199 189 121 90 76 56
Free cash flow after stock pay 324 408 260 301 −1,018 −1,152 −157 378 207 −55
Balance sheet
Cash — 113 667 852 1,673 470 1,029 625 484 623
Total debt — 46 1,128 2,142 3,739 2,632 4,281 2,440 1,719 1,631
Net debt (negative = net cash) — −67 461 1,290 2,066 2,161 3,252 1,815 1,235 1,008
Diluted shares 489m 463m — — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · December 31, 2025
What it owns · $6.7bn
Short-term assets $1.5bnLonger-term assets $5.2bn
What it owes, and who funded it · $6.7bn
Short-term liabilities $3.2bnLonger-term liabilities $1.6bnShareholders' equity $1.9bn
  • Short-term assets cover short-term liabilities $1.5bn of assets due within a year against $3.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.5bn short-term assets against $1.6bn of longer-dated liabilities.
  • More cash than debt $623m of cash against $1.3bn of debt.
  • Debt below 40% of shareholders' equity Debt is 67% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 179% to 67% over five years.
  • A year's operating cash flow covers at least 20% of debt $15m of operating cash flow against $1.3bn of debt.
  • Operating profit covers interest at least five times over Operating income of $32m against $127m of interest.

From Iqiyi, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
6.1%
of revenue
Sales & admin spending
14.1%
of revenue
Days sales outstanding
35 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in movies & entertainment
Last 12 months unless stated IQ CNK FWONK AMC TKO ROKU Median
Revenue, last 12 months $3.8bn $3.4bn $4.3bn $5.2bn $5.3bn $5.5bn $1.1bn
Revenue growth, last 12 months −6.5% 4.5% 12.2% 6.4% 5.1% 21.1% 8.5%
Revenue growth, 3-year average — 6.3% — 7.1% 63.0% 17.8% 7.1%
Revenue growth, latest quarter — 15.5% −30.4% 14.2% 18.2% 24.1% 11.3%
Gross margin 21.1% — 83.9% — — 45.3% 33.2%
Operating margin 0.8% −2.1% 3.8% 4.4% 18.8% 7.8% 2.5%
Operating margin, 3-year average −12.2% −20.2% 7.6% 0.1% 11.0% −0.6% −0.6%
Net margin −0.8% 6.4% 9.4% −10.6% 4.3% 9.3% 0.5%
Cash from operations / revenue 0.4% 9.4% 21.9% 4.2% 33.9% 14.7% 9.9%
Free-cash-flow margin 0.0% 5.3% 19.0% −0.4% 23.9% 14.6% 5.3%
Free-cash-flow margin, 3-year average −1.0% −12.6% 27.9% −5.6% 10.5% 9.4% 6.1%
Stock pay / revenue 1.5% 1.0% 0.5% 0.3% 2.5% 5.8% 1.5%
Change in share count 846.8% −14.2% −2.0% 42.1% — 3.2% 1.6%

Median of all 25 companies we cover in movies & entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 movies & entertainment companies
Measure Company Peer median Rank
Revenue growth Growth -6.5% 8.5% 23 of 25
Change in growth rate Growth +3.3pp +0.7pp 7 of 25
Gross margin Profitability 21.1% 45.3% 6 of 10
Operating margin Profitability 0.8% 3.0% 15 of 24
Net margin Profitability -0.8% 0.5% 15 of 25
Free-cash-flow margin Cash generation 0.0% 7.1% 17 of 24
Stock pay as % of revenue Cash generation 1.5% 1.5% 13 of 25
Long-term debt as % of assets Balance sheet 17.5% 21.6% 7 of 19
Days sales outstanding Balance sheet 35 days 35 days 9 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$261M
Institutions reporting
129
Shares held vs prior quarter
▼ 5.4%
Positions opened / closed
19 / 20

Top buyers and sellers, Q2 2026: 56 institutions bought and 60 sold ; the biggest buyer was Morgan Stanley (+16.5M shares) and the biggest seller Barrow Hanley Mewhinney & Strauss LLC (−18.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Price T Rowe Associates Inc $93.3M 89.8M 35.8% ▲ 4.4%
Morgan Stanley $32.6M 31.3M 12.5% ▲ 111.6%
Vanguard Capital Management LLC $16.2M 15.5M 6.2% ▲ 0.5%
UBS Group AG $16M 15.4M 6.1% ▲ 47.7%
Blackrock, Inc. $13.3M 12.8M 5.1% ▲ 10.0%
Goldman Sachs Group Inc $9.3M 9.0M 3.6% ▲ 2.1%
Fil Ltd $9.1M 8.7M 3.5% ▼ 5.0%
Charles Schwab Investment Management Inc $8.4M 8.1M 3.2% ▲ 5.9%
Dimensional Fund Advisors LP $7.9M 7.6M 3.0% ▼ 31.0%
Allianz Asset Management Gmbh $6.1M 5.9M 2.4% ▲ 15.4%
Norges Bank $5.7M 5.5M 2.2% —
State Street Corp $4.7M 4.5M 1.8% ▼ 19.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Iqiyi, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Iqiyi, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Iqiyi, Inc. in brief

What does Iqiyi, Inc. do?
Iqiyi, Inc. is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
What is Iqiyi, Inc.'s stock ticker?
Iqiyi, Inc. trades under the ticker IQ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Iqiyi, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Iqiyi, Inc. reported revenue of $3.8B, 6.5% lower than a year earlier, according to its SEC filings.
What is Iqiyi, Inc.'s free cash flow?
Iqiyi, Inc.'s free-cash-flow margin is 0.0% of revenue over the trailing twelve months, ranking 17 of the 24 movies & entertainment companies we cover.
Who are Iqiyi, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Price T Rowe Associates Inc, Morgan Stanley and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
How much debt does Iqiyi, Inc. have?
Iqiyi, Inc.'s debt-to-equity ratio is 66.9%, from its latest balance sheet (178.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Iqiyi, Inc.'s competitors?
In our Movies & Entertainment peer group, the companies closest to Iqiyi, Inc. are Cinemark Holdings, Inc., Liberty Media Corp, AMC Entertainment Holdings, Inc., TKO Group Holdings and Roku, Inc. The side-by-side comparison below sets their revenue, margins and growth against Iqiyi, Inc.'s.
When is Iqiyi, Inc.'s next earnings date?
Around November 16, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Iqiyi, Inc. announces its own schedule.