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What changed in Baidu, Inc.'s latest annual report

In the year ended 31 Dec 2025, Baidu, Inc.'s revenue rose 1.2% to USD 18.46bn, from USD 18.24bn; net income fell 75.5% to USD 799.00m, from USD 3.25bn; long-term debt rose 19.7% to USD 5.91bn, from USD 4.93bn.

Year ended 31 Dec 2025. Source: 20-F filed 17 Mar 2026, read it on SEC EDGAR.

USD 18.24bn to USD 18.46bn

Revenue, up 1.2% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue18.24bn18.46bnUp 1.2%
Net income3.25bn799.00mDown 75.5%
Total assets58.61bn64.23bnUp 9.6%
Total liabilities19.75bn22.80bnUp 15.4%
Long-term debt4.93bn5.91bnUp 19.7%
Cash and cash equivalents3.40bn3.52bnUp 3.4%
Shareholders' equity36.12bn38.09bnUp 5.5%

Questions people ask

Did Baidu, Inc.'s revenue grow last year?

Revenue grew 1.2%, from USD 18.24bn to USD 18.46bn in the year ended 31 Dec 2025.

Is Baidu, Inc. profitable?

Yes. Net income was USD 799.00m in the year ended 31 Dec 2025. The year before: USD 3.25bn.

How much cash and debt does Baidu, Inc. have?

At its latest year end (31 Dec 2025), Baidu, Inc. reported cash and cash equivalents of USD 3.52bn and long-term debt of USD 5.91bn.

Where do these numbers come from?

From Baidu, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Baidu, Inc. (BIDU) 20-F: what changed year on year | LYNORIQ Insights