MOMO

MKT CAP:$1B

Hello Group Inc.

Market Cap

$1B

Communication Services·Internet Content & Information·🇨🇳 China·NASDAQ

Communication·Internet·🇨🇳·NASDAQ

Stock Price

$6.12-$0.67 (-9.87%)

Apr 23, 2026

Company Details

Hello Group Inc. provides mobile-based social and entertainment services in the People's Republic of China. It operates Momo platform that includes its Momo mobile application, as well as various related properties, features, functionalitie...

CEO

Yan Tang

IPO Date

Dec 11, 2014

Website

ir.hellogroup.com

Key Metrics TTM

Revenue

$1.6B

-19.3% YoY

Net Income

$187M

EPS (Diluted)

$1.03

Free Cash Flow

$107M

Revenue / Share

$9.64

Gross Margin

39.6%

Operating Margin

12.1%

Net Margin

11.7%

FCF Margin

6.7%

P/S

0.6x

P/E

5.4x

Earnings Reports

FY 2025

Dec 30, 2025

$1.5BEPS $0.68

Q4 2025

Mar 18, 2026

$371MEPS $0.20

Q1 2025

Jun 5, 2025

$368MEPS $0.30

Q2 2024

Sep 3, 2024

$395MEPS $0.31

FY 2023

Apr 26, 2024

$1.8BEPS $1.44

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$48M	$29M	$5M
Q2 16	$96M	$55M	$13M
Q3 16	$153M	$86M	$36M
Q4 16	$250M	$138M	$90M
Q1 17	$267M	$146M	$91M
Q2 17	$310M	$160M	$66M
Q3 17	$345M	$172M	$86M
Q1 18	$399M	$207M	$134M
Q2 18	$478M	$217M	$121M
Q2 20	$563M	$267M	$105M
Q4 21	$535M	$216M	$50M
Q1 22	$460M	$194M	$48M
Q2 24	$395M	$161M	$61M
Q1 25	$368M	$138M	$42M
Q4 25	$371M	$138M	$43M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 16	—	—
Q3 16	—	—
Q4 16	7.6x	28.7x
Q1 17	9.0x	31.3x
Q2 17	7.5x	27.6x
Q3 17	5.4x	20.9x
Q1 18	5.6x	22.0x
Q2 18	6.0x	24.7x
Q2 20	2.0x	9.7x
Q4 21	0.9x	—
Q1 22	0.7x	—
Q2 24	0.5x	—
Q1 25	0.6x	—
Q4 25	0.7x	5.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$5M	$4M
Q2 16	$41M	$40M
Q3 16	$61M	$59M
Q4 16	$109M	$107M
Q1 17	$96M	$89M
Q2 17	$107M	$103M
Q3 17	$102M	$94M
Q1 18	$119M	$110M
Q2 18	$151M	$147M
Q2 20	$118M	$111M
Q4 21	$97M	$94M
Q1 22	$6M	$3M
Q2 24	$69M	$40M
Q1 25	$35M	$31M
Q4 25	$78M	$33M

Capital Expenditures

Quarter	CapEx
Q1 16	$757.8K
Q2 16	$2M
Q3 16	$2M
Q4 16	$2M
Q1 17	$7M
Q2 17	$4M
Q3 17	$8M
Q1 18	$9M
Q2 18	$4M
Q2 20	$7M
Q4 21	$3M
Q1 22	$3M
Q2 24	$29M
Q1 25	$4M
Q4 25	$45M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 17	+454.6%	+305.3%
Q2 17	+222.3%	+195.3%
Q3 17	+125.6%	+121.9%
Q1 18	+59.7%	+65.4%
Q2 18	+79.2%	+102.9%
Q2 20	+81.6%	+87.5%
Q4 21	+54.8%	+86.9%
Q1 22	+15.3%	+55.7%
Q2 24	-17.5%	-6.7%
Q1 25	-34.7%	-28.8%
Q4 25	-30.6%	-32.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$5M	11.1%
Q2 16	$8M	7.9%
Q3 16	$10M	6.7%
Q4 16	$8M	3.1%
Q1 17	$10M	3.6%
Q2 17	$13M	4.2%
Q3 17	$14M	4.1%
Q1 18	$11M	2.8%
Q2 18	$20M	4.3%
Q2 20	$27M	4.8%
Q4 21	$18M	3.5%
Q1 22	$16M	3.4%
Q2 24	$8M	1.9%
Q1 25	$6M	1.6%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 16	$7M	$6M	$12M	—
Q2 16	$8M	—	—	$34M
Q3 16	$9M	—	—	$41M
Q4 16	$8M	—	—	$40M
Q1 17	$9M	—	—	$46M
Q2 17	$10M	—	—	$84M
Q3 17	$13M	—	—	$73M
Q1 18	$16M	—	—	$56M
Q2 18	$24M	—	—	$72M
Q2 20	$41M	—	—	$121M
Q4 21	$46M	—	—	$120M
Q1 22	$37M	—	—	$109M
Q2 24	$28M	—	—	$71M
Q1 25	$28M	—	—	$68M
Q4 25	$31M	—	—	$64M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$749M	$387M	$1.1B
Q2 22	$638M	$964M	$1.6B
Q3 22	$502M	$862M	$1.4B
Q4 22	$733M	$818M	$1.6B
Q1 23	$785M	$804M	$1.6B
Q2 23	$674M	$520M	$1.2B
Q3 23	$730M	$321M	$1.1B
Q4 23	$821M	$186M	$1.0B
Q1 24	$880M	$165M	$1.0B
Q2 24	$871M	$51M	$922M
Q3 24	$482M	$415M	$897M
Q4 24	$602M	$296M	$898M
Q1 25	$786M	$111M	$898M
Q2 25	$733M	$191M	$924M
Q3 25	$613M	$664M	$1.3B
Q4 25	$795M	$473M	$1.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	202M	—	—
Q2 16	200M	-0.9%	—
Q3 16	205M	+2.2%	—
Q4 16	206M	+0.8%	—
Q1 17	205M	-0.5%	+1.6%
Q2 17	208M	+1.4%	+3.9%
Q3 17	209M	+0.1%	+1.8%
Q1 18	208M	-0.5%	+0.5%
Q2 18	212M	+1.9%	+3.0%
Q2 20	226M	+7.0%	+8.6%
Q4 21	197M	-12.8%	-5.4%
Q1 22	204M	+3.1%	-1.9%
Q2 24	189M	-7.2%	-10.7%
Q1 25	173M	-8.5%	-23.6%
Q4 25	165M	-4.4%	-16.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$61.8K	779
Q2 16	$123.4K	779
Q3 16	$196.4K	779
Q4 16	$338.6K	738
Q1 17	$361.6K	738
Q2 17	$419.9K	738
Q3 17	$467.9K	738
Q1 18	$386.8K	1K
Q2 18	$463.3K	1K
Q2 20	$250.2K	2K
Q4 21	$270.8K	2K
Q1 22	$233.2K	2K
Q2 24	$297.1K	1K
Q1 25	$264.5K	1K
Q4 25	$267.0K	1K

Revenue / Employee