# iQIYI (IQ.US)

Canonical: https://gigainvestors.com/s/IQ

Analysis as of: 2026-10-16T07:29:23.895Z. 

Listing currency: USD. Reporting currency: CNY.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $0.98 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 88% since Oct 2021 · "iQIYI Unveils AI Overhaul As Revenue Seen Falling 13%" (finance.yahoo.com, Apr 2026)

Story as of 2026-10-16T09:58:57.921Z; price observation 2026-10-15.

- 2026-04-20: iQIYI Unveils AI Overhaul As Revenue Seen Falling 13% ([finance.yahoo.com](https://finance.yahoo.com/sectors/technology/articles/iqiyi-unveils-ai-overhaul-revenue-185929333.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in entertainment; annual sales are CNY 27.3 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1722608/000119312526107079/iq-20251231.htm (filed 2026-03-16); FY2025: revenue 27291300000; grossProfit 5748953000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); IQ.US: iQIYI, Inc. provides online entertainment video services in the People's Republic of China. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content. It also engages in the production, aggregation, and distribution of online long-form videos, micro dramas, micro animations, micro variety shows, edited video clips, and video blogs; and provision of experience services, online mobile games, comics, and others. In addition, the company provides membership, online brand and performance-based advertising, and content distribution services. Further, it is involved in the talent agency and IP licensing activities. The company was formerly known as Qiyi.com, Inc. and changed its name to iQIYI, Inc. in November 2017. The company was incorporated in 2009 and is based in Beijing, the People's Republic of China. iQIYI, Inc. is a subsidiary of Baidu Holdings Limited.

### Why customers stay

Margins ranged from 21.1% to 27.5% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2023: grossProfit / revenue = 27.5%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2024: grossProfit / revenue = 24.9%.

- Source: https://www.sec.gov/Archives/edgar/data/1722608/000119312526107079/iq-20251231.htm (filed 2026-03-16); FY2025: grossProfit / revenue = 21.1%.

### Where the cash goes

Paid dividends in 2 of 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2023: growth capex 0; upkeep 104908000; owner earnings 2609960000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2024: growth capex 0; upkeep 173038000; owner earnings 1392624000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); Dividend observations: [[2021,27827000],[2022,64240000],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 0.3% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); IQ.US SharesStats.PercentInsiders = 0.269 percentage points; cache date 2026-10-15.

### What the price says

The price is 0.2 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); Closing price 0.9825 USD; reporting-to-trading FX 0.14944; FY2025 annual sales per share 28.317378423168677; price multiple 0.2321735038332833. FY2025 cash earnings/share -0.4085064421971063. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2018-03: $15.55 per share

- 2018-04: $18.03 per share

- 2018-05: $25.30 per share

- 2018-06: $32.30 per share

- 2018-07: $32.02 per share

- 2018-08: $28.90 per share

- 2018-09: $27.07 per share

- 2018-10: $19.64 per share

- 2018-11: $20.31 per share

- 2018-12: $14.87 per share

- 2019-01: $20.12 per share

- 2019-02: $27.16 per share

- 2019-03: $23.92 per share

- 2019-04: $22.11 per share

- 2019-05: $18.23 per share

- 2019-06: $20.65 per share

- 2019-07: $18.59 per share

- 2019-08: $18.29 per share

- 2019-09: $16.13 per share

- 2019-10: $17.43 per share

- 2019-11: $19.15 per share

- 2019-12: $21.11 per share

- 2020-01: $22.24 per share

- 2020-02: $22.43 per share

- 2020-03: $17.80 per share

- 2020-04: $16.97 per share

- 2020-05: $16.59 per share

- 2020-06: $23.19 per share

- 2020-07: $21.10 per share

- 2020-08: $21.65 per share

- 2020-09: $22.58 per share

- 2020-10: $24.70 per share

- 2020-11: $22.36 per share

- 2020-12: $17.48 per share

- 2021-01: $21.85 per share

- 2021-02: $25.33 per share

- 2021-03: $16.62 per share

- 2021-04: $14.71 per share

- 2021-05: $14.26 per share

- 2021-06: $15.58 per share

- 2021-07: $11.16 per share

- 2021-08: $9.06 per share

- 2021-09: $8.03 per share

- 2021-10: $8.28 per share

- 2021-11: $6.24 per share

- 2021-12: $4.56 per share

- 2022-01: $4.08 per share

- 2022-02: $4.14 per share

- 2022-03: $4.54 per share

- 2022-04: $3.56 per share

- 2022-05: $4.10 per share

- 2022-06: $4.20 per share

- 2022-07: $3.82 per share

- 2022-08: $3.66 per share

- 2022-09: $2.71 per share

- 2022-10: $2.02 per share

- 2022-11: $2.97 per share

- 2022-12: $5.30 per share

- 2023-01: $6.70 per share

- 2023-02: $7.73 per share

- 2023-03: $7.28 per share

- 2023-04: $6.10 per share

- 2023-05: $4.06 per share

- 2023-06: $5.34 per share

- 2023-07: $6.34 per share

- 2023-08: $5.04 per share

- 2023-09: $4.74 per share

- 2023-10: $4.66 per share

- 2023-11: $4.49 per share

- 2023-12: $4.88 per share

- 2024-01: $3.35 per share

- 2024-02: $3.69 per share

- 2024-03: $4.23 per share

- 2024-04: $4.85 per share

- 2024-05: $4.63 per share

- 2024-06: $3.67 per share

- 2024-07: $3.33 per share

- 2024-08: $2.15 per share

- 2024-09: $2.86 per share

- 2024-10: $2.61 per share

- 2024-11: $2.16 per share

- 2024-12: $2.01 per share

- 2025-01: $2.17 per share

- 2025-02: $2.08 per share

- 2025-03: $2.26 per share

- 2025-04: $1.84 per share

- 2025-05: $1.60 per share

- 2025-06: $1.77 per share

- 2025-07: $1.84 per share

- 2025-08: $2.65 per share

- 2025-09: $2.56 per share

- 2025-10: $2.31 per share

- 2025-11: $2.19 per share

- 2025-12: $1.92 per share

- 2026-01: $2.08 per share

- 2026-02: $1.60 per share

- 2026-03: $1.35 per share

- 2026-04: $1.18 per share

- 2026-05: $1.14 per share

- 2026-06: $1.04 per share

- 2026-07: $1.27 per share

- 2026-08: $0.93 per share

- 2026-09: $1.00 per share

- 2026-10: $0.98 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:35:07.941Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 20-F filing](https://www.sec.gov/Archives/edgar/data/1722608/000119312526107079/iq-20251231.htm); period 2025-12-31, filed 2026-03-16.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.