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Data as of Q2 2026
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What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $307.6M dividends + $0 buybacks = $307.6M returned on -$7.5M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 7 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: -1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-08
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $546.1M 100.0% | $4.27B 100.0% | $5.53B 100.0% | $7.11B 100.0% | $9.17B 100.0% | $9.60B 100.0% | $7.28B 100.0% |
| Cost of Revenue | $476.1M 87.2% | $3.95B 92.4% | $4.85B 87.6% | $6.12B 86.1% | $8.08B 88.1% | $8.04B 83.7% | $6.09B 83.6% |
| Gross Profit | $70.0M 12.8% | $323.8M 7.6% | $684.0M 12.4% | $990.1M 13.9% | $1.09B 11.9% | $1.56B 16.3% | $1.20B 16.4% |
| Research & Development | $17.3M 3.2% | $181.7M 4.3% | $276.9M 5.0% | $383.1M 5.4% | $490.0M 5.3% | $416.3M 4.3% | $383.9M 5.3% |
| Selling, General & Admin | $19.7M 3.6% | $204.4M 4.8% | $237.8M 4.3% | $288.2M 4.1% | $376.0M 4.1% | $375.9M 3.9% | $446.1M 6.1% |
| Total Operating Expenses | $69.3M 12.7% | $897.4M 21.0% | $848.1M 15.3% | $1.19B 16.7% | $1.74B 19.0% | $1.30B 13.5% | $1.33B 18.2% |
| Operating Income | $680K 0.1% | -$573.6M -13.4% | -$164.0M -3.0% | -$198.9M -2.8% | -$648.7M -7.1% | $262.1M 2.7% | -$131.7M -1.8% |
| Interest & Investment Income | — | — | — | — | $12.1M 0.1% | $145.2M 1.5% | $159.1M 2.2% |
| Other Income (Expense), net | -$9.6M -1.8% | $21.9M 0.5% | -$52.9M -1.0% | -$80.3M -1.1% | -$33.9M -0.4% | -$27.4M -0.3% | -$22.9M -0.3% |
| Pretax Income | $179K 0.0% | -$287.4M -6.7% | $68.2M 1.2% | -$149.3M -2.1% | -$605.1M -6.6% | $403.4M 4.2% | $36.6M 0.5% |
| Income Tax Expense | $4.1M 0.7% | $15.4M 0.4% | $1.1M 0.0% | $3.5M 0.0% | $0 0.0% | — | $0 0.0% |
| Net Income | -$29.1M -5.3% | -$306.8M -7.2% | $35.5M 0.6% | -$75.4M -1.1% | -$581.9M -6.3% | $485.5M 5.1% | $39.8M 0.5% |
| Per Share | |||||||
| EPS (Basic) | -$0.14 | -$9.95 | $1.11 | -$2.36 | -$17.88 | $15.19 | $1.32 |
| EPS (Diluted) | -$0.14 | -$9.95 | $1.11 | -$2.36 | -$17.88 | $14.71 | $1.26 |
| Weighted Avg Shares (Basic) | 30.2M | 30.8M | 32.0M | 32.0M | 32.5M | 32.0M | 19.3M |
| Weighted Avg Shares (Diluted) | 30.2M | 30.8M | 32.0M | 32.0M | 32.5M | 33.0M | 31.4M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
Ranked against 34 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOG | $4.22T | 31.9× | 28.2× | 10.5× | 15.1% | 59.7% | 32.8% | 31.8% | 28.5% | 0.1× | 5,046 |
| META | $1.84T | 30.7× | 18.3× | 9.1× | 22.2% | 82.0% | 30.1% | 27.8% | 21.9% | 0.2× | 4,888 |
| APP | $94.1B | 28.7× | 21.9× | 17.2× | 70.0% | 87.9% | 60.8% | 156% | 59.0% | 0.2× | 1,424 |
| BIDU | $28.6B | — | 120.0× | 1.6× | 1.2% | 43.9% | 4.3% | 2.1% | 1.8% | 13.0× | — |
| ZM | $27.6B | 15.3× | 21.0× | 5.7× | 4.4% | 77.0% | 39.0% | 19.4% | 19.4% | -1.0× | 845 |
| DOCN | $14.6B | 49.2× | 53.0× | 16.2× | 15.5% | 59.9% | 28.8% | -904% | 20.5% | 3.5× | 540 |
| FLUT | $14.2B | — | 15.8× | 0.9× | 16.6% | 45.2% | -2.5% | -4.5% | -1.9% | 6.7× | 2 |
| PINS | $11.6B | 33.7× | 30.9× | 2.8× | 15.8% | 80.1% | 9.9% | 8.8% | 8.8% | -2.8× | 662 |
| FDS | $10.2B | 18.4× | 12.4× | 4.4× | 5.4% | 52.7% | 25.7% | 27.3% | 16.8% | 1.1× | 753 |
| SNAP | $9.9B | — | — | 1.7× | 10.6% | 55.0% | -7.8% | -20.2% | -7.9% | — | 539 |
| MTCH | $9.7B | 17.4× | 13.4× | 2.8× | 0.2% | 72.8% | 17.6% | -242% | 16.5% | 3.1× | 583 |
| BZ | $6.6B | 36.1× | 14.2× | 5.6× | 17.3% | 85.1% | 33.1% | 13.7% | 13.7% | -1.4× | 247 |
| TTD | $5.8B | 13.7× | 7.3× | 2.0× | 18.5% | 78.6% | 15.3% | 17.8% | 17.8% | -0.9× | 676 |
| NIQ | $5.3B | — | 11.7× | 1.3× | 5.7% | — | -8.4% | -35.7% | -7.7% | 4.3× | 160 |
| MGNI | $3.7B | 26.8× | 24.1× | 5.1× | 6.9% | 62.7% | 20.3% | 15.7% | 9.8% | 0.0× | 300 |
| WIX | $3.1B | 84.2× | 106.3× | 1.6× | 13.2% | 68.1% | 2.5% | -13.8% | -13.8% | -11.9× | 237 |
| PPLI | $3.0B | — | — | 1.3× | -8.7% | 66.2% | -4.3% | -2.2% | -1.7% | — | — |
| RUM | $2.8B | — | — | 27.8× | 5.4% | -6.7% | -81.3% | -29.8% | -29.8% | — | 227 |
| GRND | $2.6B | 34.7× | 21.5× | 5.9× | 27.6% | — | 21.5% | 202% | 21.4% | 2.3× | 178 |
| DV | $2.1B | 45.0× | 13.6× | 2.8× | 13.9% | 82.2% | 6.8% | 4.5% | 4.5% | -1.9× | 312 |
| WB | $1.6B | 3.8× | 2.7× | 0.9× | 0.1% | 76.0% | 25.6% | 11.5% | 7.5% | -0.4× | 136 |
| TRIP | $1.1B | 28.9× | — | 0.6× | 3.1% | 92.3% | 2.1% | 6.2% | 2.2% | — | 294 |
| HSTM | $993M | 53.2× | 15.0× | 3.3× | 4.3% | — | 6.0% | 5.2% | 5.2% | -0.6× | 211 |
| NXDR | $971M | — | — | 3.8× | 4.2% | 84.1% | -21.0% | -12.6% | -12.6% | — | 202 |
| TBLA | $948M | 27.0× | 12.7× | 0.5× | 8.3% | 29.8% | 2.2% | 4.7% | 4.2% | -0.3× | — |
| DOYU | $124M | — | — | 0.2× | -6.7% | 12.8% | -0.8% | -1.5% | -1.5% | — | 32 |
Peers = companies sharing DOYU's sector (Services-Computer Programming, Data Processing, Etc.) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
EOD close · as of 2026-10-08
Where each multiple sits in its own 7-yr range · 57th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 7-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE -1% against ROIC -1% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 15.1× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | 83.6 | 83.7 | 88.1 | 86.1 | 87.6 | 92.4 | 87.2 |
| Gross Profit | 16.4 | 16.3 | 11.9 | 13.9 | 12.4 | 7.6 | 12.8 |
| R&D | 5.3 | 4.3 | 5.3 | 5.4 | 5.0 | 4.3 | 3.2 |
| SG&A | 6.1 | 3.9 | 4.1 | 4.1 | 4.3 | 4.8 | 3.6 |
| Operating Income | -1.8 | 2.7 | -7.1 | -2.8 | -3.0 | -13.4 | 0.1 |
| Income Tax | 0.0 | — | 0.0 | 0.0 | 0.0 | 0.4 | 0.7 |
| Net Income | 0.5 | 5.1 | -6.3 | -1.1 | 0.6 | -7.2 | -5.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DOYU: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Top 33 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Earns -10.49pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2020 | 9.6% | 11.6% (today's — no rate published for this year) | -1.9pts |
| FY2021 | -22.2% | 11.6% (today's — no rate published for this year) | -33.7pts |
| FY2022 | -5.1% | 11.6% (today's — no rate published for this year) | -16.7pts |
| FY2023 | -4.8% | 11.6% (today's — no rate published for this year) | -16.4pts |
| FY2024 | -12.2% | 11.6% (today's — no rate published for this year) | -23.7pts |
| FY2025 | 1.1% | 11.6% (today's — no rate published for this year) | -10.5pts |
| Now | -1.5% | 11.6% | -13.0pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2019 | 16.4% | -1.8% | 0.5% |
| FY2020 | 16.3% | 2.7% | 4.2% |
| FY2021 | 11.9% | -7.1% | -6.8% |
| FY2022 | 13.9% | -2.8% | -1.3% |
| FY2023 | 12.4% | -3.0% | 0.6% |
| FY2024 | 7.6% | -13.4% | -7.2% |
| FY2025 | 12.8% | 0.1% | -0.8% |
Return on equity (-1%) and return on invested capital (-1%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
The spread was positive in only 0 of the last 5 years.
Converts 8.01x of reported profit into cash — adequate, without much margin.
Only 3 profitable years available, so the average is shorter than the five the threshold assumes.
Missing from our data, so excluded from this answer: share_based_compensation.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: interest_expense.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$4M | −$4M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | −$3M | −$7M |
| Operating cash flow | −$7M | −$7M |
| Capex | −$41,595 | −$8M |
| Free cash flow | −$8M | −$8M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 41.3% | 13.8% | -27.5 points |
| FY2021 | -2.3% | -1.9% | 0.4 points |
| FY2022 | -28.3% | -47.3% | -18.9 points |
| FY2023 | -24.4% | -34.6% | -10.2 points |
| FY2024 | -24.9% | -35.0% | -10.1 points |
| FY2025 | -6.7% | 65.1% | 71.8 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 9.4 days | not reported | 53.4 days | -43.9 days |
| FY2020 | 7.6 days | not reported | 44.8 days | -37.2 days |
| FY2021 | 7.6 days | not reported | 37.2 days | -29.6 days |
| FY2022 | 5.6 days | not reported | 39.8 days | -34.2 days |
| FY2023 | 4.8 days | not reported | 40.2 days | -35.4 days |
| FY2024 | 4.2 days | not reported | 46.1 days | -41.9 days |
| FY2025 | 7.4 days | not reported | 60.8 days | -53.3 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -8.6 percent |
| FY2020 | -3.0 percent |
| FY2021 | -0.4 percent |
| FY2022 | -0.3 percent |
| FY2023 | 1.0 percent |
| FY2024 | -1.3 percent |
| FY2025 | 0.7 percent |
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.