Weibo (WB) financial statements
Weibo reported revenue of $1.8B in fiscal 2025, up 11.6% a year over 9 years.
Net income was $449M and the operating margin 26.5%, against 21.5% in 2016.
Free cash flow was $477M, and the company returned $196M in dividends.
The diluted share count rose 21% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Weibo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $656M | $1.2B | $1.7B | $1.8B | $1.7B | $2.3B | $1.8B | $1.8B | $1.8B | $1.8B |
| Cost of revenue | $171M | $231M | $278M | $329M | $302M | $404M | $401M | $374M | $370M | $422M |
| Gross profit | $485M | $919M | $1.4B | $1.4B | $1.4B | $1.9B | $1.4B | $1.4B | $1.4B | $1.3B |
| Research and development | $154M | $193M | $250M | $284M | $324M | $431M | $415M | $334M | $309M | $324M |
| Selling, general and admin | $190M | $318M | $571M | $556M | $557M | $725M | $530M | $579M | $582M | $546M |
| Operating income | $141M | $408M | $609M | $598M | $507M | $697M | $480M | $473M | $494M | $465M |
| Interest expense | — | — | $15M | $30M | $57M | $71M | $72M | $120M | $105M | $82M |
| Pre-tax income | $110M | $417M | $669M | $602M | $376M | $551M | $128M | $503M | $421M | $606M |
| Income tax | $4M | $67M | $96M | $110M | $61M | $139M | $30M | $145M | $111M | $145M |
| Net income | $108M | $353M | $572M | $495M | $313M | $428M | $86M | $343M | $301M | $449M |
| EPS (diluted) | $0.48 | $1.56 | $2.52 | $2.18 | $1.38 | $1.86 | $0.36 | $1.43 | $1.16 | $1.70 |
| Diluted shares | 223M | 225M | 233M | 226M | 228M | 230M | 236M | 240M | 265M | 269M |
| Gross margin | 73.9% | 79.9% | 83.8% | 81.4% | 82.1% | 82.1% | 78.2% | 78.7% | 78.9% | 76.0% |
| Operating margin | 21.5% | 35.4% | 35.5% | 33.8% | 30.0% | 30.9% | 26.2% | 26.9% | 28.2% | 26.5% |
| Net margin | 16.5% | 30.7% | 33.3% | 28.0% | 18.5% | 19.0% | 4.7% | 19.5% | 17.1% | 25.6% |
Balance sheet
Fiscal years, from Weibo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $396M | $1.8B | $1.8B | $2.4B | $3.5B | $3.1B | $3.2B | $3.2B | $2.4B | $2.4B |
| Receivables | — | — | — | — | $492M | $723M | $502M | $441M | $340M | $400M |
| Total current assets | $597M | $2.0B | $2.5B | $3.6B | $4.8B | $4.8B | $4.6B | $4.5B | $3.5B | $3.6B |
| Property, plant and equipment | $23M | $34M | $46M | $47M | $61M | $68M | $250M | $221M | $215M | $282M |
| Goodwill | $10M | $13M | $29M | $29M | $62M | $130M | $120M | $166M | $162M | $169M |
| Total assets | $1.0B | $2.6B | $3.3B | $4.8B | $6.3B | $7.5B | $7.1B | $7.3B | $6.5B | $7.1B |
| Total current liabilities | $278M | $485M | $630M | $801M | $958M | $2.2B | $1.2B | $1.8B | $968M | $1.1B |
| Total liabilities | $280M | $1.4B | $1.5B | $2.5B | $3.4B | $3.8B | $3.7B | $3.8B | $2.9B | $3.1B |
| Shareholders' equity | $753M | $1.2B | $1.7B | $2.3B | $2.8B | $3.6B | $3.3B | $3.4B | $3.5B | $3.9B |
| Net debt | -$365M | -$1.0B | -$1.2B | -$1.5B | -$1.8B | -$2.4B | -$2.7B | -$2.6B | -$1.9B | -$2.3B |
Cash flow
Fiscal years, from Weibo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $236M | $539M | $488M | $632M | $742M | $814M | $564M | $673M | $640M | $519M |
| Capital spending | $13M | $20M | $28M | $22M | $35M | $35M | $43M | $37M | $61M | $42M |
| Free cash flow | $223M | $519M | $460M | $610M | $707M | $779M | $521M | $636M | $578M | $477M |
| Stock-based compensation | $37M | $48M | $41M | $61M | $67M | $88M | $112M | $101M | $70M | $42M |
| Dividends paid | — | — | — | — | — | — | — | $200M | $194M | $196M |
| Share buybacks (net) | — | — | — | — | — | — | -$58M | — | — | — |
| Net borrowing | — | — | — | — | — | — | $880M | — | — | — |
| Free cash flow margin | 34.0% | 45.1% | 26.7% | 34.5% | 41.8% | 34.5% | 28.4% | 36.1% | 33.0% | 27.2% |
| Dividends per share | — | — | — | — | — | — | — | $0.83 | $0.73 | $0.73 |
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Open WB in InvestinglyQuestions
What was Weibo's revenue in 2025?
$1.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Weibo generate?
$477M in fiscal 2025 (operating cash flow minus capital spending).
From Weibo's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.