Baidu, Inc.
BIDU, BAIDF · Services-Computer Programming, Data Processing, Etc. · EDGAR filings ↗
Reference price $16.32 — last insider sale, 2026-05-21 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C54Chinese search/AI company near breakeven with heavy AI-capex cash burn and China/ADR risk, but cash-rich.
Strengths
- Fortress balance sheet — current ratio 12.31 (93rd)
- High gross margin — 92.0%
Risks
- Heavy cash burn — FCF -$4.74B (3rd) on AI/data-center capex
- Near-zero profitability — operating margin -4.5%, net income -96.6% (15th)
- China regulatory/ADR/HFCAA risk per risk factors — per 10-K
Notable findings
- Cash burnNegative free cash flow (-2157.0M)
- Strong balance sheetStrong balance sheet — $22.9B cash & investments, ~42 quarters of runway
- Notable holderHeld by 6 notable fund(s): CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC, ARK Investment Management LLC +3 more (as of 2026-03-31)
- Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 3 quarters · from SEC filings.
Key metrics
Gross margin
43.9%
Operating margin
-4.5%
Net margin
4.3%
Return on equity
2.1%
Return on assets
1.2%
ROIC
-1.5%
Revenue growth (QoQ)
272.9%
Net-income growth
-75.5%
Debt / equity
0.2×
Net debt / EBITDA
-63.7×
Current ratio
1.8×
Free cash flow
-$2.2B
EBITDA
$267M
Tangible book value
$32.3B
Cash & investments
$22.9B
Cash runway
42q
Stock comp / revenue
2.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | Foo Jixun | Sell | 123K | $16.32 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-17 | 2025-12-31 | 0001193125-26-109289 ↗ |
| 20-F | 2025-03-28 | 2024-12-31 | 0001193125-25-066199 ↗ |
| 20-F | 2024-03-15 | 2023-12-31 | 0001193125-24-068527 ↗ |
| 20-F | 2023-03-22 | 2022-12-31 | 0001193125-23-076192 ↗ |
| 20-F | 2022-03-28 | 2021-12-31 | 0001193125-22-086036 ↗ |
| 20-F | 2021-03-09 | 2020-12-31 | 0001193125-21-074038 ↗ |
| 20-F | 2020-03-13 | 2019-12-31 | 0001193125-20-073092 ↗ |
| 20-F | 2019-03-15 | 2018-12-31 | 0001193125-19-076779 ↗ |
| 20-F | 2018-03-15 | 2017-12-31 | 0001193125-18-084050 ↗ |
| 20-F | 2017-03-31 | 2016-12-31 | 0001193125-17-105041 ↗ |
| 20-F | 2016-04-08 | 2015-12-31 | 0001193125-16-534644 ↗ |
| 20-F | 2015-03-27 | 2014-12-31 | 0001193125-15-108009 ↗ |