JOYY Inc. Sponsored ADR
JOYY Communication Services Internet Content & Information
JOYY Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, down 5.07% from fiscal 2024. In the quarter to June 2026, revenue grew 16.4%, EPS fell 10.4%, free cash flow grew 43.7% and total debt rose 162.2%, each against the same quarter a year earlier.
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JOYY Inc. Sponsored ADR (JOYY) Altman Z-score
JOYY Inc. Sponsored ADR's Altman Z-score for fiscal 2025 is 3.39, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.39 | 2.24 |
| FY2024 | 1.15 | (0.25) |
| FY2023 | 1.39 | 0.11 |
| FY2022 | 1.28 | (0.32) |
| FY2021 | 1.60 | (1.48) |
| FY2020 | 3.08 | 0.53 |
| FY2019 | 2.55 | (2.96) |
| FY2018 | 5.52 | (5.12) |
| FY2017 | 10.63 | 6.69 |
| FY2016 | 3.94 | (1.38) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.10 | — | 0.12 | |
| Retained earnings / total assets | 0.62 | — | 0.87 | |
| EBIT / total assets | 0.01 | — | 0.02 | |
| Market value of equity / total liabilities | 3.49 | — | 2.09 | |
| Sales / total assets | 0.28 | — | 0.28 | |
| Altman Z-score | Safe zone | 3.39 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 9.80 | ||
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 |
|---|---|
| RUM RUM Group Inc. compare | 13.1× |
| OPRA Opera Limited Sponsored ADR compare | 7.5× |
| ATHM Autohome Inc. compare | 3.7× |
| JOYY JOYY Inc. Sponsored ADR | 3.4× |
| GENI Genius Sports Limited compare | 3.0× |
| BILI Bilibili Inc. Sponsored ADR compare | 1.8× |
| PPLI People Incorporated compare | 1.1× |
| DJT Trump Media & Technology Group Corp. compare | −0.5× |
| STUB StubHub Holdings, Inc. compare | −0.6× |
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