Tuniu Corp income statement
In fiscal 2025, Tuniu Corp reported revenue of $80.4m, up 12.7% on the year before, operating income of $1.6m (a 1.9% margin) and net income of $4.3m, or $0.04 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 | 2012Dec 2012 | 2013Dec 2013 | 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 | 176 | 317 | 574 | 1,221 | 1,587 | 325 | 339 | 330 | 65 | 66 | 27 | 62 | 71 | 80 |
| Cost of revenue | — | — | — | — | 1,490 | 152 | 161 | 174 | 34 | 40 | 14 | 21 | 22 | 34 |
| Gross profit | 6 | 20 | 37 | 58 | 96 | 173 | 178 | 157 | 31 | 27 | 13 | 42 | 50 | 47 |
| Research and development | 5 | 6 | 17 | 47 | 91 | 80 | 48 | 44 | 15 | 8 | 8 | 8 | 7 | 8 |
| Selling and marketing | 9 | 18 | 70 | 183 | 286 | 132 | 118 | 134 | 54 | 23 | 15 | 17 | 25 | 27 |
| General and administrative | 10 | 11 | 27 | 61 | 99 | 94 | 74 | 109 | 161 | 27 | 16 | 16 | 12 | 10 |
| Operating income | −18 | −16 | −77 | −232 | −377 | −131 | −53 | −126 | −194 | −28 | −31 | −14 | 9 | 2 |
| Interest expense | — | — | — | — | — | — | 1 | 5 | 5 | 1 | 1 | 0 | 0 | 0 |
| Provision for credit losses | — | — | — | — | — | — | — | 0 | 1 | 0 | 0 | 0 | −2 | −0 |
| Income before tax | −17 | −13 | −73 | −234 | −365 | −112 | −30 | −106 | −196 | −20 | −30 | −14 | 12 | −4 |
| Income tax | 0 | — | — | −0 | −0 | 2 | 0 | 0 | −1 | 0 | −0 | 0 | 0 | 0 |
| Net income | −17 | −13 | −73 | −233 | −363 | −114 | −28 | −101 | −190 | −19 | −29 | −14 | 11 | 4 |
| Diluted EPS | −$0.49 | — | −$2.13 | −$2.81 | −$2.92 | −$0.91 | −$0.23 | −$0.82 | −$1.53 | −$0.15 | −$0.23 | −$0.11 | $0.09 | $0.04 |
| Diluted shares (average) | 35m | 35m | 35m | 83m | 124m | 126m | 126m | 123m | 123m | 124m | 124m | 124m | 121m | 114m |
| EBITDA | −16 | −14 | −75 | −228 | −366 | −121 | −43 | −113 | −176 | −24 | −29 | −13 | 10 | 2 |
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