Hello Group Inc.
MOMO Nasdaq Services-Prepackaged Software Financials FY2016–FY2025
Last close · Oct 23, 2026
$4.50
0.9%
Revenue
Total sales reported in the income statement.
$1.4B
1.7%
vs prior year
Operating margin
Operating income as a share of revenue.
13.1%
1.4 pts
Net income
Profit after all expenses, interest and tax.
$112M
22.6%
Free cash flow
Cash from operations minus capital spending.
$96.1M
48.9%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
15.2%
6.5 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$762M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
6.8x
On $0.66 EPS (TTM)
What Hello Group Inc. does
No business description yet.
- Legal name
- Hello Group Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 28, 2026
- Accession · CIK
- 0001193125-26-183444
0001610601
Revenue and margins
Hello Group Inc. had $1.4B of revenue in fiscal 2025, down 1.7% on the year before.
FY16
Revenue $558M
FY17
Revenue $1.3B
FY18
Revenue $2.0B
FY19
Revenue $2.5B
FY20
Revenue $2.2B
FY21
Revenue $2.3B
FY22
Revenue $1.9B
FY23
Revenue $1.7B
FY24
Revenue $1.5B
FY25
Revenue $1.4B
FY16
Gross 56.3%
Operating 26.3%
Net 26.4%
FCF 38.3%
FY17
Gross 50.8%
Operating 27.4%
Net 24.2%
FCF 30.0%
FY18
Gross 46.4%
Operating 24.4%
Net 21.0%
FCF 23.0%
FY19
Gross 50.1%
Operating 20.9%
Net 17.5%
FCF 30.9%
FY20
Gross 46.9%
Operating 16.8%
Net 14.0%
FCF 19.7%
FY21
Gross 42.5%
Operating −16.4%
Net −20.0%
FCF 10.0%
FY22
Gross 41.6%
Operating 12.8%
Net 11.7%
FCF 9.0%
FY23
Gross 41.5%
Operating 19.2%
Net 16.3%
FCF 14.2%
FY24
Gross 39.0%
Operating 14.5%
Net 9.8%
FCF 12.8%
FY25
Gross 37.8%
Operating 13.1%
Net 7.8%
FCF 6.7%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew −1.1% a year. Loss periods are shown in red.
FY16
Net income $147M
FY17
Net income $318M
FY18
Net income $426M
FY19
Net income $430M
FY20
Net income $305M
FY21
Net income −$452M
FY22
Net income $220M
FY23
Net income $276M
FY24
Net income $144M
FY25
Net income $112M
FY16
Diluted EPS $0.73
FY17
Diluted EPS $1.53
FY18
Diluted EPS $1.99
FY19
Diluted EPS $1.96
FY20
Diluted EPS $1.40
FY21
Diluted EPS −$2.23
FY22
Diluted EPS $1.08
FY23
Diluted EPS $1.39
FY24
Diluted EPS $0.77
FY25
Diluted EPS $0.66
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital —
Return on equity 23.2%
Return on assets —
FY17
Return on capital —
Return on equity 38.0%
Return on assets 24.4%
FY18
Return on capital —
Return on equity 32.2%
Return on assets 21.0%
FY19
Return on capital —
Return on equity 24.1%
Return on assets 14.4%
FY20
Return on capital —
Return on equity 14.4%
Return on assets 9.0%
FY21
Return on capital —
Return on equity −23.0%
Return on assets −14.1%
FY22
Return on capital 21.5%
Return on equity 13.6%
Return on assets 8.6%
FY23
Return on capital 21.2%
Return on equity 16.9%
Return on assets 12.1%
FY24
Return on capital 8.7%
Return on equity 8.9%
Return on assets 6.0%
FY25
Return on capital 15.2%
Return on equity 7.1%
Return on assets 5.0%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $96.1M in fiscal 2025, 6.7% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $214M
FY17
Free cash flow $395M
FY18
Free cash flow $466M
FY19
Free cash flow $762M
FY20
Free cash flow $428M
FY21
Free cash flow $227M
FY22
Free cash flow $170M
FY23
Free cash flow $240M
FY24
Free cash flow $188M
FY25
Free cash flow $96.1M
FY16
Cash from operations $221M
Capital spending $7.0M
FY17
Cash from operations $427M
Capital spending $32.3M
FY18
Cash from operations $503M
Capital spending $36.7M
FY19
Cash from operations $789M
Capital spending $27.0M
FY20
Cash from operations $446M
Capital spending $18.0M
FY21
Cash from operations $242M
Capital spending $14.8M
FY22
Cash from operations $182M
Capital spending $11.9M
FY23
Cash from operations $321M
Capital spending $81.4M
FY24
Cash from operations $228M
Capital spending $39.7M
FY25
Cash from operations $165M
Capital spending $68.5M
Cash from operations
Capital spending
Dividends, buybacks and share count
Hello Group Inc. returned $104M to shareholders in fiscal 2025, 109% of free cash flow. The diluted share count fell 9.4%.
FY16
Dividends —
Buybacks —
FY17
Dividends —
Buybacks —
FY18
Dividends —
Buybacks —
FY19
Dividends —
Buybacks —
FY20
Dividends —
Buybacks $47.8M
FY21
Dividends —
Buybacks $134M
FY22
Dividends —
Buybacks $58.3M
FY23
Dividends —
Buybacks $30.0M
FY24
Dividends —
Buybacks $166M
FY25
Dividends —
Buybacks $104M
Dividends
Buybacks
FY16
Diluted shares 0.20B
FY17
Diluted shares 0.21B
FY18
Diluted shares 0.22B
FY19
Diluted shares 0.23B
FY20
Diluted shares 0.23B
FY21
Diluted shares 0.20B
FY22
Diluted shares 0.21B
FY23
Diluted shares 0.20B
FY24
Diluted shares 0.19B
FY25
Diluted shares 0.17B
Balance sheet
Cash, debt and the ratios that show how comfortably Hello Group Inc. can carry it.
FY16
Cash —
Debt —
FY17
Cash $687M
Debt —
FY18
Cash $359M
Debt —
FY19
Cash $375M
Debt —
FY20
Cash $515M
Debt —
FY21
Cash $877M
Debt —
FY22
Cash $771M
Debt $0.0M
FY23
Cash $791M
Debt $273M
FY24
Cash $565M
Debt $590M
FY25
Cash $778M
Debt $0.8M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $877M | $771M | $791M | $565M | $778M |
| Debt incl. finance leases | — | $0.0M | $273M | $590M | $0.8M |
| Net debt / EBITDA | — | −3.0x | −1.5x | 0.1x | −3.9x |
| Debt / equity | — | 0.0x | 0.2x | 0.4x | 0.0x |
| Interest coverage | −32.4x | 19.5x | 37.0x | 12.0x | 18.7x |
| Current ratio | 3.7x | 2.5x | 3.7x | 1.9x | 4.7x |
| Quick ratio | 3.7x | 2.5x | 3.7x | 1.9x | 4.7x |
| Total assets | $2.9B | $2.3B | $2.3B | $2.5B | $2.0B |
| Total liabilities | $1.2B | $710M | $597M | $952M | $385M |
| Shareholders' equity | $1.7B | $1.6B | $1.7B | $1.6B | $1.6B |
| Net debt (− = net cash) | — | −$771M | −$518M | $24.8M | −$777M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✕ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — | — | — | — | ✕ | ✕ | ✓ |
| Current ratio rose | — | — | ✓ | ✓ | ✕ | ✕ | ✕ | ✓ | ✕ | ✓ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ | ✓ |
| Gross margin rose | — | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Revenue rose relative to assets | — | — | ✕ | ✓ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ |
| F-score | — / 3 | — / 5 | 4 / 8 | 6 / 8 | 3 / 8 | 4 / 8 | 4 / 8 | 6 / 9 | 4 / 9 | 7 / 9 |
| Accruals ratio | — | −8.4% | −3.8% | −12.0% | −4.2% | −21.7% | 1.5% | −2.0% | −3.5% | −2.4% |
| Altman Z'' | — | 11.64 | 7.02 | 7.64 | 6.34 | 3.94 | 7.04 | 7.52 | 5.48 | 10.29 |
10 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $558M | $1.3B | $2.0B | $2.5B | $2.2B | $2.3B | $1.9B | $1.7B | $1.5B | $1.4B |
| Gross profit | $314M | $668M | $941M | $1.2B | $1.0B | $960M | $785M | $703M | $572M | $545M |
| Research and development | $31.4M | $51.2M | $115M | $158M | $169M | $175M | — | — | — | — |
| Operating income | $147M | $360M | $494M | $514M | $367M | −$370M | $242M | $325M | $213M | $188M |
| Interest expense | — | — | $8.5M | $11.4M | $11.4M | $11.4M | $12.4M | $8.8M | $17.8M | $10.1M |
| Pretax income | $149M | $377M | $520M | $560M | $420M | −$325M | $302M | $374M | $254M | $231M |
| Income tax | $5.2M | $65.8M | $106M | $128M | $109M | $128M | $83.5M | $88.9M | $117M | $117M |
| Net income | $147M | $318M | $426M | $430M | $305M | −$452M | $220M | $276M | $144M | $112M |
| Net income to common | $147M | $318M | $426M | $430M | $305M | −$452M | $220M | $276M | $144M | $112M |
| Diluted EPS | $0.73 | $1.53 | $1.99 | $1.96 | $1.40 | −$2.23 | $1.08 | $1.39 | $0.77 | $0.66 |
| Diluted shares | 0.20B | 0.21B | 0.22B | 0.23B | 0.23B | 0.20B | 0.21B | 0.20B | 0.19B | 0.17B |
| Cash flow | ||||||||||
| Cash from operations | $221M | $427M | $503M | $789M | $446M | $242M | $182M | $321M | $228M | $165M |
| Capital expenditure | $7.0M | $32.3M | $36.7M | $27.0M | $18.0M | $14.8M | $11.9M | $81.4M | $39.7M | $68.5M |
| Free cash flow | $214M | $395M | $466M | $762M | $428M | $227M | $170M | $240M | $188M | $96.1M |
| Depreciation and amortization | $8.4M | $11.7M | $22.4M | $28.7M | $30.3M | $24.1M | $15.9M | $11.2M | $8.2M | $11.4M |
| Stock-based compensation | $31.7M | $49.6M | $87.8M | $204M | $98.3M | $73.8M | $59.6M | $37.7M | $26.8M | $22.6M |
| Acquisitions | — | — | $502M | — | — | — | $0.0M | $0.0M | $19.0M | $88.2M |
| Share buybacks | — | — | — | — | $47.8M | $134M | $58.3M | $30.0M | $166M | $104M |
| Dividends and buybacks | — | — | — | — | $47.8M | $134M | $58.3M | $30.0M | $166M | $104M |
| Balance sheet | ||||||||||
| Cash and short-term investments | — | $687M | $359M | $375M | $515M | $877M | $771M | $791M | $565M | $778M |
| Total debt | — | — | — | — | — | — | $0.0M | $273M | $590M | $0.8M |
| Current assets | — | $1.2B | $1.8B | $2.3B | $1.8B | $1.5B | $1.7B | $1.1B | $1.6B | $1.4B |
| Current liabilities | — | $260M | $392M | $374M | $385M | $396M | $687M | $294M | $877M | $297M |
| Property and equipment, net | — | $39.8M | $56.3M | $49.8M | $40.7M | $28.4M | $25.1M | $92.8M | $123M | $203M |
| Goodwill | — | $3.4M | $626M | $626M | $625M | $0.0M | $0.0M | $0.0M | $18.7M | $85.2M |
| Intangible assets | — | $7.5M | $151M | $128M | $105M | $4.3M | $3.2M | $2.4M | $11.9M | $34.4M |
| Total assets | — | $1.3B | $2.8B | $3.2B | $3.6B | $2.9B | $2.3B | $2.3B | $2.5B | $2.0B |
| Total liabilities | — | $264M | $1.2B | $1.3B | $1.3B | $1.2B | $710M | $597M | $952M | $385M |
| Shareholders' equity | $634M | $1.0B | $1.6B | $2.0B | $2.3B | $1.7B | $1.6B | $1.7B | $1.6B | $1.6B |
| Margins | ||||||||||
| Gross margin | 56.3% | 50.8% | 46.4% | 50.1% | 46.9% | 42.5% | 41.6% | 41.5% | 39.0% | 37.8% |
| Operating margin | 26.3% | 27.4% | 24.4% | 20.9% | 16.8% | −16.4% | 12.8% | 19.2% | 14.5% | 13.1% |
| EBITDA margin | 27.8% | 28.3% | 25.5% | 22.1% | 18.2% | −15.3% | 13.7% | 19.9% | 15.1% | 13.9% |
| Net margin | 26.4% | 24.2% | 21.0% | 17.5% | 14.0% | −20.0% | 11.7% | 16.3% | 9.8% | 7.8% |
| FCF margin | 38.3% | 30.0% | 23.0% | 30.9% | 19.7% | 10.0% | 9.0% | 14.2% | 12.8% | 6.7% |
| Returns | ||||||||||
| Return on capital | — | — | — | — | — | — | 21.5% | 21.2% | 8.7% | 15.2% |
| Return on capital employed | — | 34.6% | 20.9% | 18.0% | 11.6% | −15.1% | 15.0% | 16.4% | 13.0% | 11.3% |
| Return on equity | 23.2% | 38.0% | 32.2% | 24.1% | 14.4% | −23.0% | 13.6% | 16.9% | 8.9% | 7.1% |
| Return on assets | — | 24.4% | 21.0% | 14.4% | 9.0% | −14.1% | 8.6% | 12.1% | 6.0% | 5.0% |
| Return on tangible equity | 23.2% | 31.0% | 51.5% | 35.3% | 19.8% | −27.2% | 13.9% | 16.4% | 9.4% | 7.6% |
| Growth | ||||||||||
| Revenue growth | — | 135.7% | 54.1% | 21.5% | −11.6% | 3.8% | −16.5% | −10.2% | −13.4% | −1.7% |
| Net income growth | — | 115.7% | 33.9% | 1.0% | −29.1% | −248.2% | — | 25.4% | −47.7% | −22.6% |
| EPS growth | — | 110.9% | 30.2% | −1.8% | −28.5% | −259.5% | — | 28.1% | −44.4% | −14.7% |
| FCF growth | — | 84.8% | 18.1% | 63.4% | −43.7% | −47.0% | −25.0% | 41.0% | −21.6% | −48.9% |
| Share count change | — | 2.0% | 4.3% | 4.2% | 0.2% | −10.5% | 4.7% | −5.2% | −7.0% | −9.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | — | — | — | — | — | — | −3.0x | −1.5x | 0.1x | −3.9x |
| Debt / equity | — | — | — | — | — | — | 0.0x | 0.2x | 0.4x | 0.0x |
| Interest coverage | — | — | 57.8x | 45.2x | 32.1x | −32.4x | 19.5x | 37.0x | 12.0x | 18.7x |
| Current ratio | — | 4.6x | 4.7x | 6.1x | 4.7x | 3.7x | 2.5x | 3.7x | 1.9x | 4.7x |
| Quick ratio | — | 4.6x | 4.7x | 6.1x | 4.7x | 3.7x | 2.5x | 3.7x | 1.9x | 4.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.3% | 2.5% | 1.8% | 1.1% | 0.8% | 0.7% | 0.6% | 4.8% | 2.7% | 4.8% |
| Stock comp / revenue | 5.7% | 3.8% | 4.3% | 8.3% | 4.5% | 3.3% | 3.2% | 2.2% | 1.8% | 1.6% |
| Payouts / FCF | — | — | — | — | 11.2% | 58.9% | 34.2% | 12.5% | 88.4% | 108.6% |
| Quality scores | ||||||||||
| Piotroski F-score | — | — | 4.0 | 6.0 | 3.0 | 4.0 | 4.0 | 6.0 | 4.0 | 7.0 |
| Altman Z'' | — | 11.6 | 7.0 | 7.6 | 6.3 | 3.9 | 7.0 | 7.5 | 5.5 | 10.3 |
| Accruals ratio | — | −8.4% | −3.8% | −12.0% | −4.2% | −21.7% | 1.5% | −2.0% | −3.5% | −2.4% |
Source: SEC EDGAR XBRL filings (CIK 0001610601). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. Per-share figures are per US-listed share (1 ADS = 2 ordinary shares). For information only — not investment advice. Check the original filings before relying on any figure.