Company research
Qutoutiao Inc.
CIK 1733298Updated Sep 26, 2026
SecurityQTTOY · OTC · adr
Name history
Qtech Ltd. · through May 23, 2018
QTTOY price & chart
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Recent filings
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Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 65,583,000Source | 58,228,000Source | 84,315,000Source | 326,471,000Source |
| Property, Plant and Equipment, NetUSD | 80,000Source | 71,000Source | 727,000Source | 2,018,000Source |
| GoodwillUSD | — | 1,024,000Source | 1,054,000Source | 1,141,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 5,330,000Source | 7,091,000Source | 9,083,000Source | 25,935,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 9,275,000Source | 10,514,000Source | 17,804,000Source | 37,716,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 26,631,000Source | 10,362,000Source | 17,023,000Source | 120,974,000Source |
| Assets, CurrentUSD | 59,653,000Source | 49,155,000Source | 69,858,000Source | 292,268,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 13,706,000Source | 19,427,000Source | 23,025,000Source | 27,128,000Source |
| Operating Lease, Right-of-Use AssetUSD | 417,000Source | 793,000Source | 3,172,000Source | 4,134,000Source |
| Other Assets, NoncurrentUSD | 103,000Source | 94,000Source | 421,000Source | 753,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 414,200,000Source | 389,818,000Source | 399,850,000Source | 517,497,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -1,240,404,000Source | -1,228,816,000Source | -1,217,187,000Source | -1,154,276,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -29,094,000Source | -22,183,000Source | -14,911,000Source | 20,245,000Source |
| Stockholders' Equity Attributable to ParentUSD | -591,154,000Source | -554,569,000Source | -520,609,000Source | -374,973,000Source |
| Additional Paid in Capital, Common StockUSD | 697,822,000Source | 716,456,000Source | 732,103,000Source | 781,369,000Source |
| Liabilities and EquityUSD | 65,583,000Source | 58,228,000Source | 84,315,000Source | 326,471,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 115,722,000Source | 113,784,000Source | 396,715,000Source | 512,140,000Source |
| Operating Lease, Liability, CurrentUSD | 345,000Source | 339,000Source | 2,187,000Source | 1,867,000Source |
| Accounts Payable, CurrentUSD | 50,081,000Source | — | 57,269,000Source | 49,237,000Source |
| Operating Lease, Liability, NoncurrentUSD | 116,000Source | 474,000Source | 1,102,000Source | 2,508,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,262,000Source | 1,636,000Source | 2,033,000Source | 2,577,000Source |
| Other Liabilities, NoncurrentCNY | — | — | 0Source | 272,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossCNY | 194,385,000Source | 73,570,000Source | 117,409,000Source | 770,919,000Source |
| Accrued Liabilities, CurrentUSD | 5,234,000Source | 4,717,000Source | 9,365,000Source | 15,592,000Source |
| Deferred Tax Liabilities, NetCNY | 9,212,000Source | 11,616,000Source | 14,019,000Source | 16,422,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountCNY | 1,770,350,000Source | 1,583,130,000Source | 1,414,435,000Source | 1,172,218,000Source |
| Short-term InvestmentsUSD | — | — | 3,828,000Source | 53,827,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | -26,101,000Source | -132,630,000Source | -194,611,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 9,000Source | 612,000Source | 337,000Source | 1,743,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 938,000Source | 5,255,000Source | 10,164,000Source | 31,413,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 20,101,000Source | -3,216,000Source | -94,819,000Source | 44,295,000Source |
| Increase (Decrease) in Accounts PayableUSD | -1,920,000Source | 3,546,000Source | 11,777,000Source | -21,218,000Source |
| Deferred Income Tax Expense (Benefit)USD | -329,000Source | -338,000Source | -348,000Source | -377,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 525,000Source | -9,253,000Source | -64,344,000Source | -43,801,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -20,000Source | 3,730,000Source | 38,792,000Source | 11,850,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 20,000Source | 8,000Source | 1,000Source | 1,194,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | -2,900,000Source | -10,371,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 13,220,000Source | 12,917,000Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,220,000Source | 2,481,000Source | 4,385,000Source | 7,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,567,000Source | -1,453,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,567,000Source | 1,733,000Source | 14,879,000Source | 8,489,000Source |
| DepreciationCNY | 65,000Source | 4,345,000Source | 2,324,000Source | 11,108,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalCNY | — | — | — | 23,100,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 103,000Source | -14,000Source | -131,000Source | -1,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -1,000Source | -12,000Source | -594,000Source | 34,000Source |
| General and Administrative ExpenseUSD | 18,101,000Source | 7,868,000Source | 22,537,000Source | 67,776,000Source |
| GoodwillUSD | — | 1,024,000Source | 1,054,000Source | 1,141,000Source |
| Goodwill, Impairment LossUSD | 996,000Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -205,000Source | -501,000Source |
| Income Tax Expense (Benefit)USD | -122,000Source | -285,000Source | -152,000Source | 479,000Source |
| InterestExpenseNonoperatingUSD | 27,685,000Source | — | — | — |
| Investment Income, InterestUSD | 16,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -22,951,000Source | -26,101,000Source | -132,630,000Source | -194,523,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | -88,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -45,155,000Source | -46,379,000Source | -150,706,000Source | -211,611,000Source |
| Operating ExpensesUSD | 60,485,000Source | 49,459,000Source | 130,598,000Source | 701,016,000Source |
| Other Nonoperating Income (Expense)USD | -48,000Source | -333,000Source | -11,872,000Source | 4,337,000Source |
| Other Operating Income (Expense), NetUSD | 1,839,000Source | — | — | — |
| Provision for Loan, Lease, and Other LossesCNY | 25,908,000Source | -19,589,000Source | — | — |
| Unrealized Gain (Loss) on InvestmentsCNY | — | — | — | 15,300,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 139,998,000Source | 105,011,000Source | 157,026,000Source | 680,978,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 4,585,000Source | -267,000Source | -46,179,000Source | -187,243,000Source |
| Other Nonoperating Income (Expense)USD | -48,000Source | -333,000Source | -11,872,000Source | 4,337,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -23,073,000Source | -26,386,000Source | -132,577,000Source | -193,631,000Source |
| Income Tax Expense (Benefit)USD | -122,000Source | -285,000Source | -152,000Source | 479,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | -88,000Source |
| Net Income (Loss) Attributable to ParentUSD | -22,951,000Source | -26,101,000Source | -132,630,000Source | -194,523,000Source |
| Earnings Per Share, BasicUSD per share | -0.59Source | -0.61Source | -1.97Source | — |
| Earnings Per Share, DilutedUSD per share | -0.59Source | -0.61Source | -1.97Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 76,631,037Source | 76,631,037Source | 76,629,816Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 76,631,037Source | 76,631,037Source | 76,629,816Source | — |
| Interest Expense (non-operating)USD | 27,685,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,567,000Source | 1,733,000Source | 14,879,000Source | 8,489,000Source |
| Current Income Tax Expense (Benefit)CNY | 1,515,000Source | 377,000Source | 1,355,000Source | 5,453,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 103,000Source | -14,000Source | -131,000Source | -1,000Source |
| General and Administrative ExpenseUSD | 18,101,000Source | 7,868,000Source | 22,537,000Source | 67,776,000Source |
| Goodwill, Impairment LossUSD | 996,000Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 63,231,000Source | 46,430,000Source | 75,455,000Source | 497,125,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCNY | 52,844,000Source | 49,736,000Source | 316,425,000Source | 870,174,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -205,000Source | -501,000Source |
| Interest ExpenseUSD | 26,434,000Source | 23,687,000Source | 63,520,000Source | 5,547,000Source |
| Interest Expense, DebtUSD | — | 26,169,000Source | 67,942,000Source | 5,567,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | 17,000Source | 199,000Source | 498,000Source |
| Investment Income, InterestUSD | 16,000Source | — | — | — |
| Investment Income, NetUSD | — | — | — | -4,330,000Source |
| Marketing and Advertising ExpenseCNY | 132,700,000Source | 117,900,000Source | 234,000,000Source | 2,863,800,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -45,155,000Source | -46,379,000Source | -150,706,000Source | -211,611,000Source |
| Operating ExpensesUSD | 60,485,000Source | 49,459,000Source | 130,598,000Source | 701,016,000Source |
| Other Operating Income (Expense), NetUSD | 1,839,000Source | — | — | — |
| Research and Development ExpenseUSD | 9,735,000Source | 15,013,000Source | 26,765,000Source | 86,560,000Source |
| Selling and Marketing ExpenseUSD | 32,649,000Source | 26,551,000Source | 80,144,000Source | 544,194,000Source |