iQIYI, Inc. Sponsored ADR
IQ Communication Services Entertainment
iQIYI, Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $3.9 billion, down 2.53% from fiscal 2024. In the quarter to June 2026, revenue grew 1.15%, EPS fell 100.0%, free cash flow fell 86.8% and total debt rose 4.44%, each against the same quarter a year earlier.
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iQIYI, Inc. Sponsored ADR (IQ) Altman Z-score
iQIYI, Inc. Sponsored ADR's Altman Z-score for fiscal 2025 is −0.79, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −0.79 | (0.16) |
| FY2024 | −0.63 | (0.51) |
| FY2023 | −0.11 | 0.48 |
| FY2022 | −0.59 | 0.53 |
| FY2021 | −1.12 | (1.37) |
| FY2020 | 0.25 | (0.49) |
| FY2019 | 0.74 | 0.25 |
| FY2018 | 0.49 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.25) | — | −0.30 | |
| Retained earnings / total assets | (0.94) | — | −1.32 | |
| EBIT / total assets | 0.00 | — | 0.02 | |
| Market value of equity / total liabilities | 0.39 | — | 0.23 | |
| Sales / total assets | 0.58 | — | 0.58 | |
| Altman Z-score | Distress zone | −0.79 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −4.28 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AENT Alliance Entertainment Holding Corporation compare | 4.2× |
| AMCX AMC Global Media Inc. compare | 1.7× |
| MCS Marcus Corporation (The) compare | 1.6× |
| RSVR Reservoir Media, Inc. compare | 1.1× |
| PLAY Dave & Buster's Entertainment, Inc. compare | 0.8× |
| IQ iQIYI, Inc. Sponsored ADR | −0.8× |
| ANGX Angel Studios, Inc. compare | −1.1× |
| STRZ Starz Entertainment Corp. compare | — |
| EMWP Eros Media World PLC compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets