JOYY Inc. (JOYY)

Nasdaq: JOYY · Services-Computer Processing & Data Preparation · Mapletree Business City, SG · filing with the SEC since 2012

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Grade6.1

◀ Past 6.9● Present 6.5▶ Future 4.7

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of JOYY Inc.

Nine metrics read from its own filings, by tense

Headline grade

6.1/10

◀ Past6.930% of the headline

● Present6.540% of the headline

▶ Future4.730% of the headline

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

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.5/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 75th percentile among 77 sector filers · read for itself

From the record

JOYY 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

5.4/10

What has it actually done, year after year?

+49.2% a year over 8 filed years; profitable in 5 of 7.

weight 45% of this tense · 54th percentile among 64 sector filers · read for its customers

From the record

JOYY Inc.'s 8 filed years say what it did: revenue went from $129 million in fiscal 2018 to $2.1 billion in fiscal 2025, up 49.2% a year; it rose in 3 of 7 years; the deepest fall was 19% from fiscal 2021 to fiscal 2025; net income was positive in 5 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span49.2%top 10% of its family
the share of years revenue rosebottom 19% of its family
the share of filed years with a profittop 30% of its family
the deepest fall from a revenue peak18.9%bottom 37% of its family

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

Shareholder treatment

as filed

9.3/10

How has it treated the people who own it?

Share count shrank 13.5% a year. 100% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 93rd percentile among 43 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, JOYY Inc.'s diluted share count shrank about 13.5% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 4% of its family
cash returned against operating cash flowtop 10% of its family

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

● Present

What are they doing right now?

6.5/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

7.3/10

Is it financially healthy right now?

ROE 32%: 32¢ of profit per shareholder dollar. Leverage 13%: owes 13¢ per asset dollar.

weight 33% of this tense · 73rd percentile among 69 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, JOYY Inc. earned about 32 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 10 cents per dollar of everything the company owns. Leverage: it owed about 13 cents per dollar of assets, and net share issuance: its share count shrank 8.0% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 15% of its family
return on equitytop 12% of its family
gross profit against assetsbottom 23% of its family
the share count against the year beforetop 5% of its family

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

Industry position

as filed

6.6/10

How strong is its position in its industry?

top 34% of 68 in its family; net margin 98.8%.

weight 45% of this tense · 66th percentile among 68 sector filers · read for its customers

From the record

JOYY Inc.'s standing among 68 graded names in its industry family: revenue of $2.1 billion in fiscal 2025 ranks in the top 18% by size; a net margin of 98.8% ranks in the top 4%; revenue growth of -4.1% a year over the last 3 filed years ranks in the bottom 20% (its annual reports).

What it rests on

revenue against the family$2.12Btop 18% of its family
net margin98.8%top 4% of its family
three-year revenue growth-4.1%bottom 20% of its family

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

Leadership

SI estimate

4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 47 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 2026-03-18 (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 47 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 2026-03-18 (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, 47 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: JOYY Inc.'s leadership is put at 4.9 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 2026-03-18 (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 47 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?

4.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

3.5/10

How much room does it have to grow?

bottom 35% of 68 in its family for room to expand.

weight 22% of this tense · 35th percentile among 68 sector filers · read for itself

From the record

JOYY Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $374 million against no long-term debt tagged leaves 5% of its assets as net cash, bottom 33% of its family; cash from operations less capital spending is 7.5% of revenue (top 49%); a gross margin of 35.9% (bottom 21%); research spending of 11.6% of revenue (bottom 35%) (its annual report).

What it rests on

cash less debt against assets5.0%bottom 33% of its family
cash from operations less capital spending against revenue7.5%top 49% of its family
gross margin35.9%bottom 21% of its family
research spending against revenue11.6%bottom 35% of its family

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

Growth drivers

as filed

3.5/10

What could actually drive growth from here?

bottom 34% of 64 in its family for growth drivers.

weight 45% of this tense · 34th percentile among 64 sector filers · read for its customers

From the record

JOYY Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -4.1% a year over the last three filed years against 49.2% over all 8, slowing (bottom 1% of its family); the newest year grew -5.1% (bottom 13%); research spending grew -1.9% a year (bottom 45%); capital spending grew 27.5% a year (top 21%) (its annual reports). JOYY Inc. reported 2 lines of business in fiscal 2025: Bigo at $1.8 billion (87%), All Other at $277 million (13%); 1 of 2 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-53.4 points a yearbottom 1% of its family
the newest year's revenue growth-5.1%bottom 13% of its family
three-year growth of research spending-1.9%bottom 45% of its family
three-year growth of capital spending27.5%top 21% 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

7.2/10

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

top 28% of 54 in its family for expectations against reality.

weight 33% of this tense · 72nd percentile among 54 sector filers · read for its shareholders

From the record

JOYY Inc.'s newest year against its own record: revenue of $2.1 billion in fiscal 2025 came in 1.5% below the $2.2 billion its prior three years' pace pointed to (bottom 36% of its family); net income of $2.1 billion against a prior three-year average of $95 million (top 7%); a net margin of 98.8% against 4% before (top 14%) (its annual reports).

What it rests on

revenue against the prior three years' pace-1.5%bottom 36% of its family
net income against the prior three years' averagefive times its prior average or moretop 7% of its family
net margin against its prior average+94.7 pointstop 14% 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 JOYY · research, not advice