10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$41M2016-12-31 → 2025-12-31
EPS·2016-12-31 → 2018-12-31
Free Cash Flow$570M2017-12-31 → 2025-12-31
Net margin1729.9%2017-12-31 → 2025-12-31
Valuation & Ratios07–12
Valuation
P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Profitability
Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
HTT
5Y avg
Peer Median
Verdict
Operating Margin
-972.6%5Y avg ≈-275.6%
≈-275.6%
·
·
EBITDA Margin
-848.8%5Y avg ≈-246.1%
≈-246.1%
·
·
Pretax Margin
1804.8%5Y avg ≈392.5%
≈392.5%
·
·
Net Profit Margin
1729.9%5Y avg ≈355.2%
≈355.2%
·
·
ROA
5.4%5Y avg ≈1.6%
≈1.6%
·
·
ROE
6.2%5Y avg ≈1.8%
≈1.8%
·
·
ROIC
-2.9%5Y avg ≈-0.81%
≈-0.81%
·
·
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
HTT
5Y avg
Peer Median
Verdict
Debt / Equity
0.1
·
·
·
Current Ratio
5.85Y avg ≈14.4
≈14.4
·
·
Quick Ratio
3.25Y avg ≈10.1
≈10.1
·
·
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
HTT
5Y avg
Peer Median
Verdict
Asset Turnover
0.05Y avg ≈0.0
≈0.0
·
·
Inventory Turnover
0.25Y avg ≈1.8
≈1.8
·
·
Receivables Turnover
2.15Y avg ≈7.0
≈7.0
·
·
Revenue / Employee
≈$405.6K
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-103.1%
Period
Report
EPS Actual
EPS Est
Surprise
March 31, 2023
$1.86
—
—
Dec. 31, 2021
$-0.23
$0.93
-124.8%
Sept. 30, 2021
$-0.39
$1.15
-133.9%
June 30, 2021
$1.07
$1.50
-28.9%
March 31, 2021
$-0.23
$0.93
-124.8%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement16
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$41M
$216M
$126M
$577M
$1.65B
$3.69B
$8.84B
$7.69B
$4.78B
$1.44B
Cost of Revenue
$8M
$1M
$28M
$327M
$79M
$645M
$366M
$2.00B
$24M
$268M
R&D Expense
$46M
$58M
$48M
$58M
$141M
$171M
$205M
$200M
$153M
$52M
SG&A Expense
$292M
$277M
$274M
$287M
$443M
$286M
$286M
$256M
$184M
$109M
Operating Expenses
$402M
$324M
$356M
$561M
$515M
$2.30B
$4.20B
$2.29B
$1.52B
$477M
Operating Income
$-398M
$-308M
$-331M
$-330M
$923M
$866M
$3.85B
$2.69B
$2.42B
$713M
Interest Income
$111M
$146M
$111M
$309M
$1.26B
$2.10B
$3.51B
$3.54B
$3.64B
$1.27B
Other Non-op
·
·
·
·
·
$355M
$42M
$-40M
$-1M
$-10M
Pretax Income
$739M
$158M
$101M
$-270M
$846M
$1.22B
$3.89B
$2.65B
$2.42B
$703M
Income Tax
$31M
$66M
$62M
$92M
$260M
$262M
$626M
$158M
$256M
$127M
Net Income
$709M
$92M
$39M
$-362M
$589M
$959M
$3.26B
$2.49B
$2.16B
$577M
EPS (Basic)
·
·
·
·
·
·
·
$7.82
·
$7.27
EPS (Diluted)
·
·
·
·
·
·
·
$7.74
·
$1.90
Shares (Basic)
·
·
·
·
·
·
·
·
·
79,310,000
Shares (Diluted)
·
·
·
·
·
·
·
·
·
303,780,000
EBITDA
$-348M
$-286M
$-317M
$-322M
$944M
$876M
$3.87B
$2.70B
$2.43B
·
Balance Sheet27
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Cash & Equivalents
$5.53B
$4.26B
$7.21B
$3.49B
$2.07B
$1.54B
$2.86B
$2.50B
$6.83B
$786M
Short-term Investments
$879M
$1.12B
$643M
$4.17B
$5.93B
$5.04B
·
·
$300M
$430M
Receivables
$5M
$34M
$26M
$0
$205M
$111M
$190M
$81M
·
·
Inventory
$55M
·
$10M
$117M
$15M
$92M
$9M
$128M
·
·
Prepaid Expense
$7M
$29M
$22M
$15M
$36M
$47M
$33M
$69M
$53M
$14M
Other Current Assets
$1.45B
$1.93B
$670M
$2.11B
$1.60B
$762M
$1.64B
$1.82B
$482M
$300M
Current Assets
$11.39B
$10.14B
$10.16B
$11.06B
$12.22B
$11.69B
$17.02B
$14.49B
$19.19B
$6.93B
PP&E (Net)
$1.68B
$1.59B
$1.31B
$774M
$659M
$303M
$93M
$26M
$5M
$5M
PP&E (Gross)
$1.78B
$1.64B
$1.34B
$817M
$850M
$327M
·
·
·
·
Accum. Depreciation
$99M
$55M
$36M
$39M
$44M
$0
$16M
·
·
·
Intangibles
$2M
$2M
$3M
$10M
$11M
$8M
$7M
$7M
$6M
$128.3K
Other Non-current Assets
$249M
$353M
$499M
$451M
$443M
$419M
$18M
$17M
$6M
$12M
Total Assets
$13.61B
$12.46B
$12.48B
$12.75B
$14.09B
$13.40B
$18.36B
$16.25B
$19.38B
$7.12B
Short-term Debt
$1.58B
$720M
·
·
·
·
$1.05B
$3.86B
$7.98B
$4.18B
Current Liabilities
$1.98B
$1.12B
$754M
$585M
$494M
$473M
$3.90B
$5.02B
$9.33B
$4.53B
Capital Leases
$655.1K
$49M
$40M
$426.0K
$169M
$80M
$22M
·
·
·
Deferred Tax
·
·
·
$2M
$69M
$11M
$179M
·
$0
$0
Other Non-current Liabilities
·
·
·
·
$10M
·
·
·
·
·
Total Liabilities
$1.98B
$1.17B
$794M
$704M
$1.57B
$1.49B
$6.44B
$5.43B
$9.84B
$4.60B
Total Debt
$1.58B
$720M
·
·
·
·
$1.05B
$4.27B
$8.49B
·
Common Stock
·
·
·
·
·
·
·
·
·
$54.8K
Retained Earnings
$9.38B
$8.67B
$8.58B
$8.54B
$8.90B
$8.32B
$8.33B
$5.07B
$2.47B
$-3.51B
Treasury Stock
$1.72B
$1.42B
$900M
$487M
$346M
$372M
$362M
$362M
$421M
·
AOCI
$-55M
$14M
$-24M
$-46M
$-59M
$-51M
$-13M
$-45M
$-78M
·
Stockholders' Equity
$11.63B
$11.29B
$11.69B
$12.04B
$12.52B
$11.90B
$11.92B
$10.82B
$9.54B
$-3.43B
Liabilities + Equity
$13.61B
$12.46B
$12.48B
$12.75B
$14.09B
$13.40B
$18.36B
$16.25B
$19.38B
$7.12B
Shares Outstanding
·
·
·
·
·
·
·
·
·
79,305,191
Cash Flow14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
D&A
$51M
$23M
$14M
$8M
$22M
$10M
$17M
$12M
$6M
$2M
Stock-based Comp
·
$2M
$5M
$24M
$35M
$46M
$87M
$58M
$64M
$22M
Deferred Tax
·
·
$-2M
$21M
$125M
$133M
$132M
$-128M
$-98M
$-18M
Other Non-cash
$-72M
$-227M
$296M
$570M
$151M
$1.32B
$2.00B
$899M
$744M
·
Operating Cash Flow
$687M
$-111M
$352M
$261M
$922M
$2.47B
$5.50B
$3.33B
$2.80B
$794M
CapEx
$117M
$318M
$565M
$274M
$478M
$222M
$76M
$140M
$11M
$5M
Investing Cash Flow
$845M
$-2.34B
$3.90B
$1.88B
$-247M
$-3.27B
$-930M
$-2.79B
$-4.42B
$-3.60B
Stock Issued
·
·
·
·
·
$235M
·
·
$5.34B
·
Stock Repurchased
$301M
$533M
$421M
$146M
·
$16M
$2.09B
$1.41B
$421M
·
Net Stock Activity
$-301M
$-533M
$-421M
$-146M
·
$220M
$-2.09B
$-1.41B
$4.92B
·
Financing Cash Flow
$556M
$187M
$-566M
$-835M
$-84M
$-1.59B
$-3.37B
$-6.73B
$10.00B
$3.38B
Net Change in Cash
$2.01B
$-2.22B
$3.69B
$1.33B
$570M
$-2.45B
$1.28B
$-6.24B
$8.30B
$576M
Taxes Paid
$6M
$144M
$43M
$59M
$138M
$638M
$264M
$209M
$231M
·
Free Cash Flow
$570M
$-429M
$-213M
$-13M
$444M
$2.25B
$5.43B
$3.19B
$3.06B
·
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Operating Margin
-972.6%
-142.4%
-262.0%
-57.1%
55.8%
23.5%
43.5%
35.0%
50.7%
·
Net Margin
1729.9%
42.4%
31.0%
-62.7%
35.6%
26.0%
36.9%
32.4%
45.3%
·
Pretax Margin
1804.8%
72.8%
80.3%
-46.7%
51.2%
33.1%
44.0%
34.4%
50.7%
·
EBITDA Margin
-848.8%
-132.0%
-251.0%
-55.7%
57.1%
23.8%
43.8%
35.1%
50.8%
·
ROA
5.4%
0.74%
0.31%
-2.7%
4.3%
6.0%
18.9%
14.0%
16.3%
·
ROE
6.2%
0.80%
0.33%
-2.9%
4.8%
8.1%
28.7%
24.5%
70.9%
·
ROIC
-2.9%
-1.5%
-1.1%
-3.7%
5.1%
5.7%
24.9%
16.8%
12.0%
·
Liquidity & Solvency4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Current Ratio
5.8
9.0
13.5
18.9
24.8
24.7
4.4
2.9
2.1
·
Quick Ratio
3.2
4.8
10.4
15.2
16.6
14.2
0.8
0.5
0.1
·
Debt / Equity
0.1
0.1
·
·
·
·
0.1
0.4
0.9
·
LT Debt / Equity
·
·
·
·
·
·
·
0.0
0.1
·
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Asset Turnover
0.0
0.0
0.0
0.0
0.1
0.2
0.5
0.4
0.4
·
Inventory Turnover
0.2
·
0.4
5.0
1.5
12.8
5.3
31.3
·
·
Receivables Turnover
2.1
7.2
9.8
5.6
10.5
24.5
65.2
·
·
·
Per Share1
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
EPS (TTM)
·
·
·
·
·
·
·
$7.74
·
·
Valuation (TTM)4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue TTM
$41M
$216M
$126M
$577M
$1.65B
$3.69B
$8.84B
$7.69B
$4.78B
·
Net Income TTM
$709M
$92M
$39M
$-362M
$589M
$959M
$3.26B
$2.49B
$2.16B
·
P/E
·
·
·
·
·
·
·
0.6
·
·
Earnings Yield
·
·
·
·
·
·
·
180.4%
·
·
Valuation (TTM)2
Metric
Trend
Q4 2021
Q4 2020
Revenue TTM
$1.65B
$3.69B
Net Income TTM
$589M
$959M
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$41M
$216M
$126M
$577M
$1.65B
Operating Margin %
-972.6%
-142.4%
-262.0%
-57.1%
55.8%
Net Income
$709M
$92M
$39M
$-362M
$589M
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
0.1
0.1
·
·
·
Current Ratio
5.8
9.0
13.5
18.9
24.8
Quick Ratio
3.2
4.8
10.4
15.2
16.6
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$570M
$-429M
$-213M
$-13M
$444M
Institutional owners (13F)
48 filers
· $17.8M total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders48
Value held$17.8M
New positions11
Exited positions12
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
11 (+6 vs prior Q)
12 (-3 vs prior Q)
5 (-4 vs prior Q)
21 (0 vs prior Q)
-11.4M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Filer
Filed
Stake
Status
Purpose
Filing
Qu Plus Plus Limited, Qufenqi (HK) Limited, Qudian Inc., Min Luo
×4 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership
Held by 1 ETF
20
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.