TOUR

MKT CAP:$26M

Tuniu Corporation

Market Cap

$26M

Consumer Cyclical·Travel Services·🇨🇳 China·NASDAQ

Consumer Cyc.·Travel Services·🇨🇳·NASDAQ

Stock Price

$7.01+$6.30 (+887.18%)

Apr 24, 2026

Company Details

Tuniu Corporation operates as an online leisure travel company in China. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa appli...

CEO

Dunde Yu

IPO Date

May 9, 2014

Website

www.tuniu.com

Key Metrics TTM

Revenue

$84M

+12.2% YoY

Net Income

$5M

EPS (Diluted)

$1.20

Free Cash Flow

$0

Revenue / Share

$22.73

Gross Margin

58.0%

Operating Margin

1.9%

Net Margin

5.4%

FCF Margin

0.0%

P/S

0.3x

P/E

5.7x

Earnings Reports

Q4 2025

Apr 20, 2026

NEW

$18M+18.6%EPS $0.06

Q3 2025

Dec 5, 2025

$30M+8.6%EPS $0.79

Q2 2025

Aug 15, 2025

$20M+15.3%EPS $0.53

Q1 2025

Mar 31, 2025

$17M+8.9%EPS -$0.18

Q4 2024

Apr 17, 2025

$15M+2.8%EPS -$0.92

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$17M	$6M	-$8M
Q4 21	$11M	$5M	-$6M
Q1 22	$6M	$2M	-$8M
Q2 22	$5M	$2M	-$18M
Q3 22	$11M	$7M	-$2M
Q1 23	$9M	$6M	-$2M
Q3 23	$26M	$17M	$5M
Q4 23	$15M	$11M	-$18M
Q1 24	$16M	$12M	$2M
Q2 24	$17M	$12M	$5M
Q3 24	$27M	$18M	$4M
Q4 24	$15M	$10M	-$2M
Q1 25	$17M	$10M	-$2M
Q2 25	$20M	$13M	$1M
Q3 25	$30M	$16M	$2M
Q4 25	$18M	$10M	$107.6K

Valuation

Quarter	P/S	P/E
Q3 21	0.4x	—
Q4 21	0.4x	—
Q1 22	0.5x	—
Q2 22	0.7x	—
Q3 22	0.8x	—
Q1 23	0.8x	—
Q3 23	0.5x	—
Q4 23	0.4x	—
Q1 24	0.4x	—
Q2 24	0.4x	—
Q3 24	0.3x	—
Q4 24	0.3x	2.3x
Q1 25	0.3x	3.0x
Q2 25	0.3x	5.9x
Q3 25	0.3x	32.9x
Q4 25	0.3x	5.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	$0	$0
Q3 20	$0	$0
Q3 22	$436.7K	$436.7K
Q1 23	$243.1K	$243.1K
Q3 23	$243.9K	$243.9K
Q4 23	$0	$0
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	-7.2%	-8.1%
Q4 21	-38.2%	-88.6%
Q1 22	-46.4%	-28.7%
Q2 22	-77.0%	-14.6%
Q3 22	-32.1%	-46.2%
Q1 23	-13.9%	-31.6%
Q3 23	+329.6%	+55.4%
Q4 23	+170.4%	+39.7%
Q1 24	+38.7%	+3.8%
Q2 24	+85.1%	+2.8%
Q3 24	+4.4%	+7.1%
Q4 24	+2.8%	-48.3%
Q1 25	+8.9%	+34.1%
Q2 25	+15.3%	+54.9%
Q3 25	+8.6%	+20.0%
Q4 25	+18.6%	+4.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q3 22	$0	0.0%
Q1 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$741.1K	5.1%
Q1 24	$729.3K	4.6%
Q2 24	$232.3K	1.4%
Q3 24	$205.7K	0.8%
Q4 24	$205.7K	1.4%
Q1 25	$203.2K	1.2%
Q2 25	$205.4K	1.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 21	$2M	$6M	$6M	—
Q4 21	$2M	$7M	$4M	—
Q1 22	$2M	$4M	$4M	—
Q2 22	$2M	$3M	$4M	—
Q3 22	$1M	$4M	$4M	—
Q1 23	$2M	$3M	$3M	—
Q3 23	$3M	$4M	$6M	—
Q4 23	$3M	$6M	$5M	—
Q1 24	$2M	$3M	$5M	—
Q2 24	$2M	$3M	$6M	—
Q3 24	$2M	$3M	$9M	—
Q4 24	$2M	$4M	$6M	—
Q1 25	$2M	$3M	$6M	—
Q2 25	$2M	$3M	$7M	—
Q3 25	$2M	$3M	$9M	—
Q4 25	$2M	—	—	$8M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$47M	$85M	$131M
Q2 22	$43M	$100M	$144M
Q3 22	$31M	$104M	$135M
Q4 22	$22M	$106M	$128M
Q1 23	$31M	$105M	$136M
Q2 23	$45M	$115M	$160M
Q3 23	$47M	$123M	$170M
Q4 23	$55M	$114M	$169M
Q1 24	$71M	$100M	$171M
Q2 24	$95M	$88M	$183M
Q3 24	$59M	$128M	$187M
Q4 24	$68M	$63M	$131M
Q1 25	$72M	$81M	$153M
Q2 25	$64M	$92M	$156M
Q3 25	$33M	$106M	$139M
Q4 25	$32M	$125M	$157M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	12M	+0.0%	+0.2%
Q4 21	12M	+0.0%	+0.2%
Q1 22	12M	+0.0%	+0.1%
Q2 22	12M	+0.0%	+0.0%
Q3 22	12M	+0.0%	+0.1%
Q1 23	12M	+0.0%	+0.1%
Q3 23	12M	+0.9%	+1.0%
Q4 23	12M	-0.8%	+0.1%
Q1 24	12M	-0.0%	+0.1%
Q2 24	12M	-1.7%	-1.6%
Q3 24	12M	-1.6%	-4.0%
Q4 24	4M	-67.2%	-68.2%
Q1 25	4M	-1.5%	-68.7%
Q2 25	4M	-0.8%	-68.4%
Q3 25	4M	-1.3%	-68.4%
Q4 25	4M	-2.3%	-5.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$7.9K	2K
Q4 21	$5.6K	2K
Q1 22	$3.2K	2K
Q2 22	$2.8K	2K
Q3 22	$5.9K	2K
Q1 23	$10.3K	896
Q3 23	$29.1K	896
Q4 23	$15.0K	971
Q1 24	$16.2K	971
Q2 24	$17.6K	971
Q3 24	$28.0K	971
Q4 24	$15.3K	983
Q1 25	$17.5K	983
Q2 25	$20.0K	983
Q3 25	$30.0K	983
Q4 25	$18.1K	983

Revenue / Employee