VIOT (VIOT) financial statements

· Market cap $103M

VIOT reported revenue of 2.4B CNY in fiscal 2025, up 25.6% a year over 9 years.

Net income was 142M CNY.

Free cash flow was 113M CNY, and the company returned 18M CNY in net buybacks.

The diluted share count rose 1625% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

-202462016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from VIOT's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue313M CNY873M CNY2.6B CNY4.6B CNY5.8B CNY5.3B CNY1.8B CNY1.6B CNY2.1B CNY2.4B CNY
Cost of revenue233M CNY598M CNY1.8B CNY3.6B CNY4.7B CNY4.1B CNY1.2B CNY1.1B CNY1.6B CNY1.8B CNY
Gross profit80M CNY275M CNY718M CNY1.1B CNY1.1B CNY1.2B CNY595M CNY522M CNY549M CNY615M CNY
Research and development30M CNY61M CNY124M CNY205M CNY266M CNY312M CNY210M CNY149M CNY143M CNY166M CNY
Selling, general and admin35M CNY111M CNY515M CNY602M CNY666M CNY849M CNY343M CNY272M CNY282M CNY364M CNY
Operating income——————55M CNY110M CNY156M CNY129M CNY
Pre-tax income14M CNY108M CNY89M CNY339M CNY218M CNY95M CNY68M CNY130M CNY162M CNY155M CNY
Income tax-2M CNY15M CNY24M CNY45M CNY43M CNY6M CNY-447,000 CNY14M CNY17M CNY13M CNY
Net income16M CNY93M CNY65M CNY292M CNY173M CNY89M CNY-276M CNY-85M CNY63M CNY142M CNY
EPS (diluted)-0.28 CNY0.31 CNY0.64 CNY1.35 CNY0.80 CNY0.40 CNY-1.31 CNY-0.41 CNY0.31 CNY0.67 CNY
Diluted shares12M26M80M216M216M221M210M208M207M211M
Gross margin25.6%31.5%28.0%23.3%18.6%22.6%33.2%31.9%25.9%25.3%
Operating margin——————3.1%6.7%7.4%5.3%
Net margin5.2%10.7%2.6%6.3%3.0%1.7%-15.4%-5.2%3.0%5.8%

Balance sheet

Fiscal years, in CNY, from VIOT's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments157M CNY280M CNY1.1B CNY1.3B CNY1.2B CNY1.4B CNY599M CNY225M CNY1.1B CNY889M CNY
Receivables—4M CNY112M CNY316M CNY427M CNY302M CNY242M CNY———
Inventory—51M CNY232M CNY418M CNY439M CNY576M CNY502M CNY157M CNY112M CNY127M CNY
Total current assets—665M CNY1.9B CNY2.9B CNY2.9B CNY2.9B CNY2.5B CNY2.3B CNY2.2B CNY2.0B CNY
Property, plant and equipment—3M CNY11M CNY67M CNY72M CNY146M CNY236M CNY307M CNY315M CNY305M CNY
Total assets—672M CNY1.9B CNY3.0B CNY3.2B CNY3.3B CNY2.9B CNY2.8B CNY2.6B CNY2.4B CNY
Total current liabilities—432M CNY852M CNY1.6B CNY1.6B CNY1.6B CNY1.3B CNY1.3B CNY1.0B CNY753M CNY
Long-term debt—————16M CNY115M CNY129M CNY76M CNY52M CNY
Total liabilities—433M CNY852M CNY1.6B CNY1.6B CNY1.6B CNY1.5B CNY1.4B CNY1.1B CNY859M CNY
Shareholders' equity-279M CNY-169M CNY1.1B CNY1.4B CNY1.5B CNY1.6B CNY1.4B CNY1.3B CNY1.4B CNY1.5B CNY
Net debt-157M CNY-280M CNY-940M CNY-972M CNY-504M CNY-571M CNY-267M CNY-50M CNY-921M CNY-730M CNY

Cash flow

Fiscal years, in CNY, from VIOT's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow15M CNY124M CNY222M CNY245M CNY185M CNY309M CNY-284M CNY-103M CNY716M CNY155M CNY
Capital spending2M CNY1M CNY14M CNY56M CNY48M CNY99M CNY150M CNY103M CNY29M CNY41M CNY
Free cash flow14M CNY123M CNY209M CNY189M CNY138M CNY210M CNY-435M CNY-207M CNY687M CNY113M CNY
Stock-based compensation11M CNY6M CNY117M CNY43M CNY72M CNY47M CNY20M CNY106,000 CNY16M CNY14M CNY
Dividends paid——0 CNY47M CNY—0 CNY————
Share buybacks (net)——0 CNY—-55M CNY-12M CNY-8M CNY-6M CNY-4M CNY-18M CNY
Net borrowing——————119M CNY22M CNY-1M CNY-39M CNY
Free cash flow margin4.4%14.0%8.2%4.1%2.4%4.0%-24.3%-12.6%32.4%4.7%
Dividends per share———0.22 CNY——————
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Questions

What was VIOT's revenue in 2025?

2.4B CNY in fiscal 2025, from its 10-K filing.

How much free cash flow does VIOT generate?

113M CNY in fiscal 2025 (operating cash flow minus capital spending).

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