(IQ) iQIYI - Overview

Sector: Communication Services | Industry: Entertainment | Exchange: NASDAQ (USA) | Market Cap: 1.226m USD | Total Return: -36.5% in 12m

Stock Online Video, Online Games, Online Literature, Comics
Total Rating 26
Safety 28
Buy Signal -0.04
Entertainment +4.9
Movies & Entertainment +7.6
Market Cap: 1,226m
Avg Trading Vol: 12.6M USD
ATR: 6.27%
Peers RS (IBD): 8.6
Risk 5d forecast
Volatility72.6%
Rel. Tail Risk-14.9%
Reward TTM
Sharpe Ratio-0.82
Alpha-62.70
Character TTM
Beta1.306
Beta Downside2.755
Drawdowns 3y
Max DD83.33%
CAGR/Max DD-0.51
EPS (Earnings per Share) EPS (Earnings per Share) of IQ over the last years for every Quarter: "2021-03": -1.61, "2021-06": -1.75, "2021-09": -2.17, "2021-12": -2.24, "2022-03": 0.2, "2022-06": 0.1, "2022-09": 0.21, "2022-12": 0.98, "2023-03": 0.97, "2023-06": 0.61, "2023-09": 0.64, "2023-12": 0.7, "2024-03": 0.87, "2024-06": 0.25, "2024-09": 0.5, "2024-12": -0.06, "2025-03": 0.19, "2025-06": -0.14, "2025-09": -0.26, "2025-12": 0.11, "2026-03": 0,
EPS CAGR: -7.70%
EPS Trend: -59.7%
Last SUE: 1.83
Qual. Beats: 1
Revenue Revenue of IQ over the last years for every Quarter: 2021-03: 7968.423, 2021-06: 7608.274, 2021-09: 7589.104, 2021-12: 7388.558, 2022-03: 7277.059, 2022-06: 6656.549, 2022-09: 7471.081, 2022-12: 7592.859, 2023-03: 8348.807, 2023-06: 7802.297, 2023-09: 8015.079, 2023-12: 7706.468, 2024-03: 7927.355, 2024-06: 7438.785, 2024-09: 7245.681, 2024-12: 6613.417, 2025-03: 7186.469, 2025-06: 6628.248, 2025-09: 6682.385, 2025-12: 6700.423991, 2026-03: null,
Rev. CAGR: -2.18%
Rev. Trend: -48.0%
Last SUE: -0.07
Qual. Beats: 0
Risks
Technicals: choppy
Description: IQ iQIYI

iQIYI, Inc. (NASDAQ: IQ) is a Beijing-based subsidiary of Baidu that delivers a suite of online entertainment services across China, including streaming video, games, literature, comics, and related talent-agency and IP-licensing activities. Its platform combines licensed professional content with an expanding slate of self-produced originals, monetized through tiered memberships, advertising, and content-distribution deals.

Key recent metrics show the company’s paid-subscriber base reached approximately 115 million in Q4 2023, a modest increase of 3% year-over-year, while quarterly revenue rose 10% to RMB 13.2 billion, driven by both membership fees and a 6% rebound in ad spend. Operating losses narrowed to RMB 6.5 billion, reflecting cost-efficiency initiatives and stronger AI-powered recommendation engines that improve user engagement.

The Chinese streaming sector remains growth-oriented, with a projected 5% CAGR through 2027, supported by rising broadband penetration and consumer willingness to pay for premium content, while regulatory clarity after 2021’s crackdown has stabilized the competitive landscape for domestic players like iQIYI.

For a deeper dive, you might explore ValueRay’s analyst notes on IQ.

Headlines to Watch Out For
  • Membership subscriber growth drives revenue expansion
  • Advertising revenue sensitive to economic conditions
  • Content production costs impact profitability
  • Regulatory scrutiny on online content poses risk
  • Competition intensifies in Chinas video streaming market
Piotroski VR‑10 (Strict) 3.0
Net Income: -200.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.00 > 0.02 and ΔFCF/TA -4.38 > 1.0
NWC/Revenue: -43.33% < 20% (prev -40.89%; Δ -2.44% < -1%)
CFO/TA 0.00 > 3% & CFO 104.6m > Net Income -200.7m
Net Debt (11.17b) to EBITDA (6.22b): 1.80 < 3
Current Ratio: 0.47 > 1.5 & < 3
Outstanding Shares: last quarter (964.8m) vs 12m ago 0.21% < -2%
Gross Margin: 21.07% > 18% (prev 0.25%; Δ 2.08k% > 0.5%)
Asset Turnover: 58.82% > 50% (prev 63.87%; Δ -5.04% > 0%)
Interest Coverage Ratio: 0.38 > 6 (EBITDA TTM 6.22b / Interest Expense TTM 906.6m)
Altman Z'' -6.02
A: -0.25 (Total Current Assets 10.30b - Total Current Liabilities 22.08b) / Total Assets 46.71b
B: -0.94 (Retained Earnings -44.04b / Total Assets 46.71b)
C: 0.01 (EBIT TTM 347.3m / Avg Total Assets 46.24b)
D: -1.28 (Book Value of Equity -42.74b / Total Liabilities 33.39b)
Altman-Z'' Score: -6.02 = D
Beneish M -3.16
DSRI: 0.71 (Receivables 2.75b/4.13b, Revenue 27.20b/29.23b)
GMI: 1.18 (GM 21.07% / 24.88%)
AQI: 0.99 (AQ_t 0.75 / AQ_t-1 0.76)
SGI: 0.93 (Revenue 27.20b / 29.23b)
TATA: -0.01 (NI -200.7m - CFO 104.6m) / TA 46.71b)
Beneish M-Score: -3.16 (Cap -4..+1) = AA
What is the price of IQ shares? As of April 03, 2026, the stock is trading at USD 1.35 with a total of 14,252,365 shares traded.
Over the past week, the price has changed by +12.10%, over one month by -12.03%, over three months by -31.53% and over the past year by -36.53%.
Is IQ a buy, sell or hold? iQIYI has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy IQ.
  • StrongBuy: 10
  • Buy: 2
  • Hold: 10
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the IQ price?
Wallstreet Target Price 2.1 55.6%
Analysts Target Price 2.1 55.6%
IQ Fundamental Data Overview as of 01 April 2026
Market Cap CNY = 8.44b (1.23b USD * 6.8866 USD.CNY)
P/E Forward = 113.6364
P/S = 0.0449
P/B = 0.6127
P/EG = 2.4831
Revenue TTM = 27.20b CNY
EBIT TTM = 347.3m CNY
EBITDA TTM = 6.22b CNY
Long Term Debt = 10.08b CNY (from longTermDebt, last quarter)
Short Term Debt = 4.78b CNY (from shortTermDebt, last quarter)
Debt = 15.55b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.17b CNY (from netDebt column, last quarter)
Enterprise Value = 19.29b CNY (8.44b + Debt 15.55b - CCE 4.70b)
Interest Coverage Ratio = 0.38 (Ebit TTM 347.3m / Interest Expense TTM 906.6m)
EV/FCF = 1000.0x (Enterprise Value 19.29b / FCF TTM 9.72m)
FCF Yield = 0.05% (FCF TTM 9.72m / Enterprise Value 19.29b)
FCF Margin = 0.04% (FCF TTM 9.72m / Revenue TTM 27.20b)
Net Margin = -0.74% (Net Income TTM -200.7m / Revenue TTM 27.20b)
Gross Margin = 21.07% ((Revenue TTM 27.20b - Cost of Revenue TTM 21.47b) / Revenue TTM)
Gross Margin QoQ = 20.87% (prev 18.19%)
Tobins Q-Ratio = 0.41 (Enterprise Value 19.29b / Total Assets 46.71b)
Interest Expense / Debt = 1.40% (Interest Expense 217.2m / Debt 15.55b)
Taxrate = 21.0% (US default 21%)
NOPAT = 274.4m (EBIT 347.3m * (1 - 21.00%))
Current Ratio = 0.47 (Total Current Assets 10.30b / Total Current Liabilities 22.08b)
Debt / Equity = 1.17 (Debt 15.55b / totalStockholderEquity, last quarter 13.33b)
Debt / EBITDA = 1.80 (Net Debt 11.17b / EBITDA 6.22b)
 Debt / FCF = 1.15k (out of range, set to none) (Net Debt 11.17b / FCF TTM 9.72m)
 Total Stockholder Equity = 13.46b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.43% (Net Income -200.7m / Total Assets 46.71b)
RoE = -1.49% (Net Income TTM -200.7m / Total Stockholder Equity 13.46b)
RoCE = 1.48% (EBIT 347.3m / Capital Employed (Equity 13.46b + L.T.Debt 10.08b))
RoIC = 0.98% (NOPAT 274.4m / Invested Capital 27.86b)
WACC = 4.43% (E(8.44b)/V(23.99b) * Re(10.57%) + D(15.55b)/V(23.99b) * Rd(1.40%) * (1-Tc(0.21)))
Discount Rate = 10.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.60%
[DCF] Terminal Value 80.82% ; FCFF base≈811.3m ; Y1≈532.7m ; Y5≈243.6m
 [DCF] Fair Price = N/A (negative equity: EV 7.73b - Net Debt 11.17b = -3.43b; debt exceeds intrinsic value)
 EPS Correlation: -59.74 | EPS CAGR: -7.70% | SUE: 1.83 | # QB: 1
Revenue Correlation: -48.00 | Revenue CAGR: -2.18% | SUE: -0.07 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.13 | Chg7d=+0.000 | Chg30d=+0.175 | Revisions Net=+1 | Analysts=2
EPS current Year (2026-12-31): EPS=0.68 | Chg7d=+0.000 | Chg30d=-0.263 | Revisions Net=-6 | Growth EPS=+132.8% | Growth Revenue=-2.3%
EPS next Year (2027-12-31): EPS=1.28 | Chg7d=+0.000 | Chg30d=-0.171 | Revisions Net=-1 | Growth EPS=+90.2% | Growth Revenue=+4.2%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
External Resources
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