iQIYI (IQ) Balance Sheet: Assets & Liabilities

iQIYI (IQ) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), iQIYI reported total assets of CNY 46.68B and total liabilities of CNY 33.37B. Shareholders' equity was CNY 13.31B, down 0.4% from CNY 13.37B a year earlier. Total debt stood at CNY 12.57B against CNY 4.67B in cash and short-term investments, a net debt position of CNY 7.90B. That puts debt-to-equity at 0.94, compared with 1.02 a year earlier.

iQIYI Balance Sheet Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for iQIYI, Inc. (IQ) - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	4.35	3.53	4.43	7.10	3.00	10.92	5.93	4.59	0.73
Short-Term Investments	0.31	0.94	0.94	0.82	1.35	3.42	4.58	6.06	0.78
Cash & Short-Term Investments	4.67	4.47	5.38	7.92	4.35	14.33	10.51	10.65	1.51
Accounts Receivable	2.52	2.19	6.01	4.37	4.82	5.25	5.61	4.48	2.25
Inventory	0.00	0.00	0.57	0.00	0.00	0.03	0.97	2.17	0.18
Other Current Assets	2.88	0.49	0.68	1.50	2.36	0.06	3.17	4.60	1.72
Total Current Assets	10.29	9.53	12.64	13.79	11.52	22.29	20.27	19.85	5.70
Non-Current Assets
Property, Plant & Equipment (Net)	1.39	1.49	1.55	1.78	2.25	2.40	2.48	1.62	1.25
Long-Term Investments	1.77	2.11	2.26	2.45	3.04	3.20	2.98	2.57	0.57
Goodwill	3.82	3.82	3.82	3.83	3.89	3.89	3.89	3.89	3.28
Intangible Assets	6.18	21.93	7.28	20.28	18.75	7.06	11.46	12.06	6.55
Other Non-Current Assets	8.65	0.13	14.28	3.93	2.99	9.29	3.68	4.75	2.85
Total Non-Current Assets	36.39	36.23	31.96	32.26	30.95	25.90	24.52	24.91	14.50
Total Assets	46.68	45.76	44.59	46.05	42.47	48.19	44.79	44.76	20.20
Current Liabilities
Accounts Payable	10.37	6.48	5.67	5.99	8.90	7.56	8.21	10.16	7.04
Short-Term Debt	2.49	4.25	6.52	12.46	4.29	5.66	3.54	3.18	0.31
Current Portion of Long-Term Debt	2.20	0.41	2.80	8.31	-	5.66	-	-	-
Accrued Liabilities	4.35	1.90	1.91	3.69	2.28	3.26	-	-	-
Deferred Revenue	4.16	4.42	0.02	4.25	3.48	3.61	3.08	2.20	1.63
Other Current Liabilities	2.06	1.16	10.13	5.43	5.81	1.52	5.34	6.47	4.16
Total Current Liabilities	22.07	21.48	22.34	28.13	22.48	24.85	20.17	19.81	11.63
Non-Current Liabilities
Long-Term Debt	10.08	9.39	8.77	10.08	13.28	12.58	14.24	5.36	0.28
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.10	0.00
Other Non-Current Liabilities	0.88	1.00	1.30	1.50	1.04	0.20	0.00	1.34	0.01
Total Non-Current Liabilities	11.31	10.91	10.07	11.57	14.32	13.89	15.01	6.79	0.29
Total Liabilities	33.37	32.39	32.41	39.70	36.80	38.74	35.18	26.60	11.92
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-44.02	-43.81	-44.57	-46.50	-47.16	-40.97	-33.83	-23.51	-15.02
Accumulated Other Comprehensive Income	1.31	1.55	1.69	1.86	2.71	2.54	2.11	1.88	0.09
Additional Paid-in Capital	56.06	55.62	54.97	50.89	49.64	47.69	41.30	39.67	0.60
Minority Interest	-0.01	0.01	0.10	0.09	0.49	0.08	0.04	0.12	0.00
Shares Outstanding	6.74	6.74	6.72	6.09	5.60	-	-	-	-
Total Stockholders' Equity	13.31	13.37	12.09	6.25	5.19	9.44	9.57	18.04	8.28
Total Liabilities & Equity	46.71	45.76	44.59	46.05	42.47	48.19	44.79	44.76	20.20

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About iQIYI Balance Sheet

How much debt does iQIYI have?

iQIYI had total debt of CNY 12.57B as of Dec 31, 2025, against CNY 4.67B in cash and short-term investments. Its debt-to-equity ratio was 0.94. Total debt was CNY 13.63B a year earlier.

What are iQIYI's total assets?

iQIYI reported total assets of CNY 46.68B as of Dec 31, 2025, up 2.0% from CNY 45.76B a year earlier. Total liabilities were CNY 33.37B.

What is iQIYI's shareholders' equity?

iQIYI's shareholders' equity was CNY 13.31B as of Dec 31, 2025, or about CNY 1.97 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition