Atour Lifestyle Holdings Limited (ATAT) financial statements

Consumer Cyclical · Lodging · Market cap $4.7B

Atour Lifestyle Holdings Limited reported revenue of 9.8B CNY in fiscal 2025, up 44.3% a year over 5 years.

Net income was 1.6B CNY and the operating margin 23.6%, against 4.0% in 2020.

Free cash flow was 1.9B CNY, and the company returned 772M CNY in dividends and 330M CNY in net buybacks.

The diluted share count rose 144% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

02.557.510202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from Atour Lifestyle Holdings Limited's 10-K filings with the SEC.

Fiscal year202020212022202320242025
Revenue1.6B CNY2.1B CNY2.3B CNY4.7B CNY7.2B CNY9.8B CNY
Research and development34M CNY52M CNY66M CNY77M CNY134M CNY178M CNY
Selling, general and admin202M CNY321M CNY490M CNY921M CNY1.3B CNY2.0B CNY
Operating income63M CNY196M CNY165M CNY924M CNY1.6B CNY2.3B CNY
Interest expense1M CNY8M CNY7M CNY5M CNY3M CNY4M CNY
Pre-tax income75M CNY204M CNY181M CNY982M CNY1.7B CNY2.4B CNY
Income tax38M CNY64M CNY84M CNY243M CNY446M CNY742M CNY
Net income42M CNY145M CNY98M CNY737M CNY1.3B CNY1.6B CNY
EPS (diluted)-0.06 CNY0.40 CNY0.26 CNY1.78 CNY3.06 CNY3.87 CNY
Diluted shares172M323M382M415M417M419M
Operating margin4.0%9.1%7.3%19.8%22.4%23.6%
Net margin2.7%6.8%4.3%15.8%17.6%16.6%

Balance sheet

Fiscal years, in CNY, from Atour Lifestyle Holdings Limited's 10-K filings with the SEC.

Fiscal year202020212022202320242025
Cash and short-term investments825M CNY1.0B CNY1.7B CNY3.6B CNY4.9B CNY5.9B CNY
Receivables—100M CNY133M CNY162M CNY186M CNY341M CNY
Inventory—59M CNY57M CNY119M CNY167M CNY279M CNY
Total current assets—1.4B CNY2.1B CNY4.2B CNY5.7B CNY7.4B CNY
Property, plant and equipment—439M CNY360M CNY266M CNY214M CNY226M CNY
Goodwill—17M CNY17M CNY17M CNY17M CNY17M CNY
Total assets—2.2B CNY4.8B CNY6.6B CNY7.9B CNY9.2B CNY
Total current liabilities—1.1B CNY1.3B CNY2.4B CNY2.8B CNY3.7B CNY
Long-term debt—44M CNY2M CNY2M CNY2M CNY2M CNY
Total liabilities—1.7B CNY3.6B CNY4.5B CNY4.9B CNY5.6B CNY
Shareholders' equity-316M CNY579M CNY1.2B CNY2.1B CNY3.0B CNY3.6B CNY
Net debt-825M CNY-994M CNY-1.6B CNY-2.8B CNY-3.6B CNY-3.3B CNY

Cash flow

Fiscal years, in CNY, from Atour Lifestyle Holdings Limited's 10-K filings with the SEC.

Fiscal year202020212022202320242025
Operating cash flow119M CNY418M CNY284M CNY2.0B CNY1.7B CNY2.0B CNY
Capital spending113M CNY64M CNY36M CNY42M CNY56M CNY86M CNY
Free cash flow6M CNY354M CNY247M CNY1.9B CNY1.7B CNY1.9B CNY
Stock-based compensation——163M CNY164M CNY33M CNY131M CNY
Dividends paid—21M CNY—151M CNY436M CNY772M CNY
Share buybacks (net)—-111M CNY———-330M CNY
Net borrowing49M CNY-12M CNY65M CNY-102M CNY-10M CNY190M CNY
Free cash flow margin0.4%16.5%10.9%41.7%23.0%19.5%
Dividends per share—0.06 CNY—0.36 CNY1.05 CNY1.84 CNY
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Questions

What was Atour Lifestyle Holdings Limited's revenue in 2025?

9.8B CNY in fiscal 2025, from its 10-K filing.

How much free cash flow does Atour Lifestyle Holdings Limited generate?

1.9B CNY in fiscal 2025 (operating cash flow minus capital spending).

From Atour Lifestyle Holdings Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.