YB

MKT CAP:$130M

Yuanbao Inc. American Depositary Shares

Market Cap

$130M

Financial Services·Insurance - Diversified·🇨🇳 China·NASDAQ

Financials·Insurance·🇨🇳·NASDAQ

Stock Price

$17.56-$2.44 (-12.20%)

Apr 21, 2026

Company Details

Yuanbao Inc., through its subsidiaries, provides online insurance distribution and services in the People's Republic of China. The company offers medical, critical illness, life, and other insurance products. It also provides system service...

CEO

Rui Fang

IPO Date

Apr 30, 2025

Website

www.yuanbaobaoxian.cn

Key Metrics TTM

Revenue

$597M

— YoY

Net Income

$184M

EPS (Diluted)

$43.39

Free Cash Flow

$40M

Revenue / Share

$74.16

Gross Margin

95.8%

Operating Margin

30.1%

Net Margin

30.9%

FCF Margin

6.8%

P/S

0.2x

P/E

0.7x

Earnings Reports

Q3 2025

Dec 3, 2025

$169M+33.6%EPS $6.73

Q2 2025

Aug 28, 2025

$156M+25.2%EPS $18.34

Q1 2025

Mar 31, 2025

$142M+43.8%EPS $6.15

FY 2024

Dec 31, 2024

$480MEPS $16.84

Q4 2024

Dec 31, 2024

$130MEPS $12.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 24	$99M	$93M	$18M
Q2 24	$125M	$119M	$28M
Q3 24	$127M	$120M	$37M
Q4 24	$130M	$124M	$42M
Q1 25	$142M	$135M	$42M
Q2 25	$156M	$150M	$44M
Q3 25	$169M	$163M	$52M

Valuation

Quarter	P/S	P/E
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	0.4x	1.6x
Q1 25	0.4x	1.4x
Q2 25	0.5x	1.7x
Q3 25	0.5x	1.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 24	$51M	$51M
Q4 24	$41M	$40M
Q1 25	$0	$0
Q2 25	$0	$0
Q3 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q3 24	$106.8K
Q4 24	$48.9K
Q1 25	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	+43.8%	+24.1%
Q2 25	+25.2%	+16.0%
Q3 25	+33.6%	+31.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 24	$2M	1.4%
Q4 24	$3M	2.3%
Q1 25	$2M	1.8%
Q2 25	$3M	1.9%
Q3 25	$3M	1.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 24	$5M	$6M	$63M
Q2 24	$8M	$11M	$73M
Q3 24	$9M	$9M	$65M
Q4 24	$12M	$16M	$54M
Q1 25	$11M	$10M	$72M
Q2 25	$12M	$7M	$88M
Q3 25	$14M	$14M	$83M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$55M	$39M	$94M
Q3 23	$102M	$39M	$141M
Q4 23	$126M	$38M	$164M
Q2 24	$192M	$56M	$249M
Q3 24	$260M	$38M	$298M
Q4 24	$278M	$61M	$339M
Q1 25	$327M	$75M	$402M
Q2 25	$193M	$305M	$497M
Q3 25	$70M	$468M	$538M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 24	8M	—	—
Q2 24	8M	0.0%	—
Q3 24	8M	0.0%	—
Q4 24	8M	0.0%	—
Q1 25	8M	0.0%	0.0%
Q2 25	8M	+4.3%	+4.3%
Q3 25	8M	+2.7%	+7.1%

Shares Outstanding