Company research
SINOVAC BIOTECH LTD
CIK 1084201Updated Sep 29, 2026
SecuritySVA · NASDAQ · equity
Name history
NET FORCE SYSTEMS INC · through Jan 13, 2004
SVA price & chart
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Heng Ren Calls on Sinovac to Pay Shareholders the Special Dividend Before the July 8 Board Vote USA - English USA - English News provided by Heng Ren Partners Jun 16, 2025, 09:00 ET Share this article Share to X Share this article Share to X BOSTON , June 16, 2025 /PRNewswire/ -- Sinovac Biotech Ltd ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 8,541,725,000Source | 12,337,281,000Source | 13,657,974,000Source | 14,114,568,000Source |
| Property, Plant and Equipment, NetUSD | 706,059,000Source | 880,968,000Source | 979,617,000Source | 993,781,000Source |
| GoodwillUSD | 12,604,000Source | 27,508,000Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 77,679,000Source | 122,579,000Source | 8,520,000Source | 9,699,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 488,248,000Source | 335,273,000Source | 1,270,131,000Source | 4,278,124,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 286,344,000Source | 306,567,000Source | 440,019,000Source | 537,118,000Source |
| Inventory, NetUSD | 94,309,000Source | 96,920,000Source | 139,874,000Source | 180,719,000Source |
| Assets, CurrentUSD | 7,064,498,000Source | 10,644,515,000Source | 11,830,556,000Source | 12,126,396,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 17,600,000Source | 10,041,000Source | 11,621,000Source | 15,242,000Source |
| Operating Lease, Right-of-Use AssetUSD | 10,435,000Source | 16,024,000Source | 45,525,000Source | 58,586,000Source |
| Other Assets, NoncurrentUSD | 18,282,000Source | 20,488,000Source | 7,345,000Source | 2,798,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,145,473,000Source | 2,043,851,000Source | 1,635,207,000Source | 1,401,907,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | 15,000Source | 15,000Source |
| Common Stock, Value, IssuedUSD | 72,000Source | 72,000Source | 100,000Source | 100,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,815,942,000Source | 6,838,357,000Source | 7,118,516,000Source | 7,225,987,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -513,252,000Source | -707,806,000Source | -490,055,000Source | -383,276,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,438,943,000Source | 8,262,258,000Source | 8,709,418,000Source | 8,921,421,000Source |
| Additional Paid in Capital, Common StockUSD | 550,168,000Source | 550,168,000Source | 541,258,000Source | 540,582,000Source |
| Liabilities and EquityUSD | 8,541,725,000Source | 12,337,281,000Source | 13,657,974,000Source | 14,114,568,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,540,365,000Source | 1,451,898,000Source | 1,147,904,000Source | 1,091,635,000Source |
| Operating Lease, Liability, CurrentUSD | 2,118,000Source | 2,366,000Source | 5,806,000Source | 5,993,000Source |
| Operating Lease, Liability, NoncurrentUSD | 8,640,000Source | 13,198,000Source | 39,271,000Source | 52,516,000Source |
| Deferred Income Tax Liabilities, NetUSD | 325,068,000Source | 410,049,000Source | 263,711,000Source | 241,526,000Source |
| Other Liabilities, NoncurrentUSD | 24,000Source | 23,000Source | 439,000Source | 240,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,957,309,000Source | 2,031,172,000Source | 3,313,349,000Source | 3,791,240,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 152,706,000Source | 156,595,000Source | 250,565,000Source | 242,528,000Source |
| Deferred Revenue, CurrentUSD | 11,265,000Source | 12,211,000Source | 20,127,000Source | 17,955,000Source |
| Deferred Revenue, NoncurrentUSD | — | 0Source | 200,000Source | — |
| Deferred Tax Liabilities, NetUSD | 325,068,000Source | 410,049,000Source | — | — |
| Dividends Payable, CurrentUSD | 657,856,000Source | 212,960,000Source | 29,089,000Source | 141,993,000Source |
| Long-term DebtUSD | 494,858,000Source | 375,759,000Source | 253,906,000Source | 11,806,000Source |
| Short-term InvestmentsUSD | 5,483,073,000Source | 9,613,328,000Source | 9,953,042,000Source | 7,034,569,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -198,836,000Source | 40,656,000Source | -258,355,000Source | 88,131,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 0Source | 0Source | 0Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -24,267,000Source | -91,699,000Source | -82,147,000Source | -289,600,000Source |
| Increase (Decrease) in InventoriesUSD | 23,019,000Source | 665,000Source | 16,766,000Source | -30,382,000Source |
| Deferred Income Tax Expense (Benefit)USD | -89,911,000Source | -56,406,000Source | 76,324,000Source | -83,010,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -512,184,000Source | -56,891,000Source | 103,997,000Source | -770,745,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 14,148,000Source | 100,195,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 4,388,170,000Source | 456,359,000Source | -2,924,113,000Source | -5,760,470,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 48,917,000Source | 95,960,000Source | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -3,434,706,000Source | -823,950,000Source | -76,063,000Source | -241,399,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 554,212,000Source | -526,905,000Source | -3,011,080,000Source | -7,333,383,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,156,429,000Source | 602,217,000Source | 1,275,297,000Source | 4,286,377,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 9,686,000Source | 5,801,000Source | 5,348,000Source | 1,112,000Source |
| Income Taxes Paid, NetUSD | 186,482,000Source | 47,074,000Source | -55,764,000Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 112,932,000Source | -102,423,000Source | -114,901,000Source | -560,769,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 0Source | 0Source | 0Source | — |
| Amortization of Intangible AssetsUSD | 1,331,000Source | 1,052,000Source | 2,050,000Source | 1,029,000Source |
| DepreciationUSD | 97,446,000Source | 110,227,000Source | 140,467,000Source | 153,819,000Source |
| Dividends Payable, CurrentUSD | 657,856,000Source | 212,960,000Source | 29,089,000Source | 141,993,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -109,787,000Source | 61,377,000Source | 45,543,000Source | 265,091,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | -30,279,000Source | -78,720,000Source | -5,213,000Source |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | -137,235,000Source | — | — | — |
| GoodwillUSD | 12,604,000Source | 27,508,000Source | — | — |
| Goodwill, Impairment LossUSD | 15,686,000Source | — | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 49,922,000Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | 0Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | -4,036,000Source | -2,700,000Source | — | — |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | -6,716,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | -63,266,000Source | 2,181,000Source | 105,321,000Source | -62,893,000Source |
| Inventory Write-downUSD | 30,595,000Source | 37,112,000Source | 52,527,000Source | 140,004,000Source |
| Investment Income, InterestUSD | 33,281,000Source | 29,073,000Source | 85,114,000Source | 190,818,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -99,918,000Source | 113,866,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -139,156,000Source | -50,249,000Source | -158,437,000Source | -25,735,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -59,680,000Source | 90,905,000Source | -105,900,000Source | 107,884,000Source |
| Operating ExpensesUSD | 752,111,000Source | 726,221,000Source | 869,774,000Source | 1,274,372,000Source |
| Other Nonoperating Income (Expense)USD | 208,602,000Source | 527,636,000Source | 367,133,000Source | 301,751,000Source |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 676,000Source | 0Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 6,729,000Source | -10,619,000Source | 65,900,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 386,013,000Source | 361,374,000Source | 448,269,000Source | 1,492,761,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 332,979,000Source | 420,922,000Source | 466,324,000Source | 823,543,000Source |
| Operating Income (Loss)USD | -490,130,000Source | -505,535,000Source | -603,021,000Source | -466,067,000Source |
| Other Nonoperating Income (Expense)USD | 208,602,000Source | 527,636,000Source | 367,133,000Source | 301,751,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -262,102,000Source | 42,837,000Source | -153,034,000Source | 25,238,000Source |
| Income Tax Expense (Benefit)USD | -63,266,000Source | 2,181,000Source | 105,321,000Source | -62,893,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -139,156,000Source | -50,249,000Source | -158,437,000Source | -25,735,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -99,918,000Source | 113,866,000Source |
| Earnings Per Share, BasicUSD per share | -0.83Source | 1.27Source | -1.06Source | 1.08Source |
| Earnings Per Share, DilutedUSD per share | -0.83Source | 1.27Source | -1.06Source | 1Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 71,860,702Source | 71,860,702Source | 99,607,574Source | 99,502,243Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 71,860,702Source | 71,860,702Source | 99,607,574Source | 114,172,782Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,331,000Source | 1,052,000Source | 2,050,000Source | 1,029,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 55Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | 26,645,000Source | 58,587,000Source | 28,997,000Source | 20,117,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -109,787,000Source | 61,377,000Source | 45,543,000Source | 265,091,000Source |
| Goodwill, Impairment LossUSD | 15,686,000Source | — | — | — |
| Gross ProfitUSD | 261,981,000Source | 220,686,000Source | 266,753,000Source | 808,305,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -338,961,000Source | -103,886,000Source | -292,642,000Source | -23,262,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | 1.27Source | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | 1.27Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | -4,036,000Source | -2,700,000Source | — | — |
| Investment Income, InterestUSD | 33,281,000Source | 29,073,000Source | 85,114,000Source | 190,818,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -59,680,000Source | 90,905,000Source | -105,900,000Source | 107,884,000Source |
| Net Investment IncomeUSD | — | — | 248,085,000Source | — |
| Operating ExpensesUSD | 752,111,000Source | 726,221,000Source | 869,774,000Source | 1,274,372,000Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | 5,982,000Source | 5,982,000Source |
| Research and Development ExpenseUSD | 216,180,000Source | 270,661,000Source | 344,515,000Source | 442,108,000Source |