Company Analysis

iQIYI, Inc. (IQ)

Nasdaq: IQ · Services-Video Tape Rental · filing with the SEC since 2017
Grade3.7
◀ Past 4.7● Present 3.7▶ Future 3.1
2 est.

The grade of iQIYI, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.7/10
◀ Past4.725% of the headline
● Present3.735% of the headline
▶ Future3.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.7/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 78th percentile among 9 sector filers · read for itself

From the record

iQIYI, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.6/10

What has it actually done, year after year?

+10.4% a year over 10 filed years; profitable in 2 of 10.

weight 45% of this tense · 56th percentile among 8 sector filers · read for its customers

From the record

iQIYI, Inc.'s 10 filed years say what it did: revenue went from CNY 11 billion in fiscal 2016 to CNY 27 billion in fiscal 2025, up 10.4% a year; it rose in 6 of 9 years; the deepest fall was 14% from fiscal 2023 to fiscal 2025; net income was positive in 2 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.4%top 19% of its family
  • the share of years revenue rosebottom 44% of its family
  • the share of filed years with a profitbottom 19% of its family
  • the deepest fall from a revenue peak14.4%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.3/10

How has it treated the people who own it?

SI estimate 1.3/10, confidence 35 of 100 (one part).

weight 33% of this tense · 13th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 13% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 8 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: iQIYI, Inc.'s shareholder treatment is put at 1.3 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 13% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.7/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.8/10

Is it financially healthy right now?

ROE -2%: lost 2¢ per shareholder dollar. Leverage 71%: owes 71¢ per asset dollar.

weight 45% of this tense · 38th percentile among 7 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, iQIYI, Inc. lost about 2 cents for every dollar of shareholders' money, and gross profitability: its products earned about 12 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 71 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 50% of its family
  • return on equitybottom 38% of its family
  • gross profit against assetsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.1/10

How strong is its position in its industry?

bottom 31% of 8 in its family; net margin -0.8%.

weight 33% of this tense · 31st percentile among 8 sector filers · read for its customers

From the record

iQIYI, Inc.'s standing among 8 graded names in its industry family: revenue of CNY 27 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -0.8% ranks in the top 44%; revenue growth of -2% a year over the last 3 filed years ranks in the bottom 6% (its annual reports).

What it rests on

  • net margin-0.8%top 44% of its family
  • three-year revenue growth-2.0%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.6/10

What are the people in charge doing?

SI estimate 4.6/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 6 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 6 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 6 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: iQIYI, Inc.'s leadership is put at 4.6 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 6 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.2/10

How much room does it have to grow?

top 48% of 7 in its family for room to expand.

weight 22% of this tense · 52nd percentile among 7 sector filers · read for itself

From the record

iQIYI, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of CNY 4.4 billion against no long-term debt tagged leaves 9.3% of its assets as net cash, top 7% of its family; cash from operations less capital spending is 0% of revenue (top 36%); a gross margin of 21.1% (bottom 25%); research spending of 6.1% of revenue (bottom 25%) (its annual report).

What it rests on

  • cash less debt against assets9.3%top 7% of its family
  • cash from operations less capital spending against revenue0.0%top 36% of its family
  • gross margin21.1%bottom 25% of its family
  • research spending against revenue6.1%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.3/10

What could actually drive growth from here?

bottom 33% of 8 in its family for growth drivers.

weight 45% of this tense · 33rd percentile among 8 sector filers · read for its customers

From the record

iQIYI, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -2% a year over the last three filed years against 10.4% over all 10, slowing (bottom 6% of its family); the newest year grew -6.6% (bottom 19%); research spending grew -4.3% a year (top 50%); capital spending grew -18.1% a year (top 44%) (its annual reports). iQIYI, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-12.4 points a yearbottom 6% of its family
  • the newest year's revenue growth-6.6%bottom 19% of its family
  • three-year growth of research spending-4.3%top 50% of its family
  • three-year growth of capital spending-18.1%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.5/10

Did its newest year beat what its own record pointed to?

bottom 15% of 8 in its family for expectations against reality.

weight 33% of this tense · 15th percentile among 8 sector filers · read for its shareholders

From the record

iQIYI, Inc.'s newest year against its own record: revenue of CNY 27 billion in fiscal 2025 came in 7% below the CNY 29 billion its prior three years' pace pointed to (bottom 31% of its family); net income of CNY 206 million against a prior three-year average of CNY 851 million (bottom 6%); a net margin of -0.8% against 2.7% before (bottom 6%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-7.0%bottom 31% of its family
  • net income against the prior three years' average-124%bottom 6% of its family
  • net margin against its prior average-3.5 pointsbottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton IQ · research, not advice