JOYY Inc.
JOYY · Services-Computer Processing & Data Preparation · EDGAR filings ↗
Grade
B70Profitable, cash-rich Chinese live-streaming/social operator; earnings comp distorted by prior one-offs.
Strengths
- Strong returns — ROA 27.8% (97th), ROE 32.1% (69th)
- Positive free cash flow — FCF $159.2M (67th)
- Solid liquidity — current ratio 1.85 (56th)
Risks
- Earnings-growth optics — net income -1535% (3rd) vs a prior-year one-time gain
- China regulatory/ADR overhang — per 10-K
- Mature live-streaming competition — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $1.0B cash & investments
- Notable holderHeld by 4 notable fund(s): GOLDMAN SACHS GROUP INC, STATE STREET CORP, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
Key metrics
Return on equity
32.1%
Return on assets
27.8%
Current ratio
1.9×
Free cash flow
$159M
Tangible book value
$4.1B
Cash & investments
$1.0B
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-28 | 2025-12-31 | 0001104659-26-049917 ↗ |
| 20-F | 2025-04-29 | 2024-12-31 | 0001410578-25-000972 ↗ |
| 20-F | 2024-04-26 | 2023-12-31 | 0001104659-24-052917 ↗ |
| 20-F | 2023-04-27 | 2022-12-31 | 0001410578-23-000819 ↗ |
| 20-F | 2022-04-29 | 2021-12-31 | 0001410578-22-001097 ↗ |
| 20-F | 2021-04-28 | 2020-12-31 | 0001104659-21-056541 ↗ |
| 20-F | 2020-04-27 | 2019-12-31 | 0001104659-20-051592 ↗ |
| 20-F | 2019-04-26 | 2018-12-31 | 0001144204-19-021598 ↗ |
| 20-F | 2018-04-26 | 2017-12-31 | 0001144204-18-022708 ↗ |
| 20-F | 2017-04-20 | 2016-12-31 | 0001144204-17-021263 ↗ |
| 20-F | 2016-04-28 | 2015-12-31 | 0001144204-16-097045 ↗ |
| 20-F | 2015-04-21 | 2014-12-31 | 0001144204-15-023952 ↗ |