Iqiyi, Inc. balance sheet

At the end of fiscal 2025, Iqiyi, Inc. had total assets of $6.68bn, total liabilities of $4.77bn and shareholders' equity of $1.90bn. It held $623m in cash against $1.63bn of debt: net debt of $1.01bn.

Balance sheet

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

Iqiyi, Inc.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	—	113	667	852	1,673	470	1,029	625	484	623
Receivables	—	344	420	521	513	431	348	306	300	361
Total current assets	—	876	2,888	2,912	3,416	1,808	1,999	1,780	1,305	1,471
Goodwill	—	504	566	559	596	610	555	538	523	546
Total assets	—	3,105	6,510	6,434	7,385	6,665	6,676	6,281	6,269	6,675
Accounts payable	—	1,082	1,478	—	—	—	—	—	—	—
Deferred revenue (current)	—	—	319	443	528	547	614	616	603	595
Total current liabilities	—	1,787	2,882	2,898	3,809	3,527	4,078	3,147	2,942	3,156
Short-term debt	—	46	443	376	455	646	485	0	23	106
Long-term debt	—	0	685	1,766	2,556	1,985	2,591	1,542	1,177	1,168
Total debt	—	46	1,128	2,142	3,739	2,632	4,281	2,440	1,719	1,631
Total liabilities	—	1,832	3,869	5,039	5,937	5,775	5,757	4,565	4,437	4,772
Shareholders' equity	−2,204	−2,201	2,641	1,381	1,431	828	920	1,716	1,832	1,903
Non-controlling interests and other (assets − liabilities − equity)	—	3,474	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	—	−67	461	1,290	2,066	2,161	3,252	1,815	1,235	1,008
Shares outstanding	—	489m	—	—	—	—	—	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Iqiyi, Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Iqiyi, Inc.