What changed in Netease, Inc.'s latest annual report
In the year ended 31 Dec 2025, Netease, Inc.'s revenue rose 11.6% to USD 16.11bn, from USD 14.43bn; shareholders' equity rose 20.6% to USD 22.92bn, from USD 19.00bn; total assets rose 17.9% to USD 31.66bn, from USD 26.85bn.
Year ended 31 Dec 2025. Source: 20-F filed 15 Apr 2026, read it on SEC EDGAR.
USD 14.43bn to USD 16.11bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 14.43bn | 16.11bn | Up 11.6% |
| Total assets | 26.85bn | 31.66bn | Up 17.9% |
| Total liabilities | 7.33bn | 8.05bn | Up 9.9% |
| Cash and cash equivalents | 7.04bn | 6.74bn | Down 4.2% |
| Shareholders' equity | 19.00bn | 22.92bn | Up 20.6% |
Questions people ask
Did Netease, Inc.'s revenue grow last year?
Revenue grew 11.6%, from USD 14.43bn to USD 16.11bn in the year ended 31 Dec 2025.
How much cash and debt does Netease, Inc. have?
At its latest year end (31 Dec 2025), Netease, Inc. reported cash and cash equivalents of USD 6.74bn.
Where do these numbers come from?
From Netease, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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