Atour Lifestyle Holdings Ltd ADR (ATAT) financial statements: income statement, balance sheet and cash flow

Atour Lifestyle Holdings Ltd ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Atour Lifestyle Holdings Ltd ADR reported revenue of $9.8B (+35.1% year on year) and net income of $1.6B (+27.4% year on year).

Income statement

Atour Lifestyle Holdings Ltd ADR income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net revenues	$9.8B	$7.2B	$4.7B	$2.3B
Operating costs	($5.5B)	($4.2B)	($2.8B)	—
Selling and marketing expenses	($1.5B)	($972.9M)	($469.6M)	($139.9M)
General and administrative expenses	($516.7M)	($352.6M)	($451.5M)	($350.0M)
Technology and development expenses	($177.9M)	($134.0M)	($77.3M)	($66.2M)
Total operating costs and expenses	($7.7B)	($5.7B)	($3.8B)	($2.1B)
Other operating income, net	$184.1M	$70.2M	$83.2M	$38.1M
Income from operations	$2.3B	$1.6B	$924.0M	$165.0M
Interest income	$72.2M	$48.4M	$29.6M	$14.5M
Gain from short-term investments	$44.9M	$48.9M	$34.5M	$8.5M
Interest expense	($4.2M)	($3.1M)	($5.0M)	—
Other (expenses) income, net	($56.6M)	$2.5M	($1.0M)	($814.0K)
Income before income tax	$2.4B	$1.7B	$982.1M	$180.6M
Income tax expense	($741.6M)	($446.0M)	($243.0M)	($84.5M)
Net income	$1.6B	$1.3B	$739.1M	$96.1M
Less: net income (loss) attributable to non-controlling interests	$270.0K	($2.4M)	$1.9M	($2.0M)
Net income attributable to the Company	$1.6B	$1.3B	$737.1M	$98.1M
Foreign currency translation adjustments, net of nil income taxes	($35.7M)	($3.4M)	$15.6M	($1.9M)
Other comprehensive income (loss), net of income taxes	($35.7M)	($3.4M)	$15.6M	($1.9M)
Total comprehensive income	$1.6B	$1.3B	$754.7M	$94.2M
Comprehensive income (loss) attributable to non-controlling interests	$270.0K	($2.4M)	$1.9M	($2.0M)
Comprehensive income attributable to the Company	$1.6B	$1.3B	$752.8M	$96.2M
Net income per ordinary share - Basic (in RMB or USD per share)	$3.90	$3.08	$1.82	$0.26
Net income per ordinary share - Diluted (in RMB or USD per share)	$3.87	$3.06	$1.78	$0.26
Weighted average ordinary shares used in calculating net income per ordinary share - Basic (in shares)	415.6M	413.7M	405.6M	379.3M
Weighted average ordinary shares used in calculating net income per ordinary share - Diluted (in shares)	419.3M	417.2M	414.8M	381.6M

Atour Lifestyle Holdings Ltd ADR income statement, quarters

Line item	Mar 31, 2024 · Q1	Sep 30, 2023 · YTD
Net revenues	$1.5B	$3.2B
Operating costs	($878.1M)	—
Selling and marketing expenses	($174.7M)	($262.7M)
General and administrative expenses	($76.7M)	($346.0M)
Technology and development expenses	($24.2M)	($55.0M)
Total operating costs and expenses	($1.2B)	($2.5B)
Other operating income, net	$10.0M	$43.7M
Income from operations	$324.7M	$709.9M
Interest income	$13.5M	$20.8M
Gain from short-term investments	$9.6M	$23.2M
Interest expense	($673.0K)	($4.3M)
Other (expenses) income, net	($466.0K)	($4.4M)
Income before income tax	$346.6M	$745.1M
Income tax expense	($88.9M)	($225.8M)
Net income	$257.7M	$519.3M
Less: net income attributable to non-controlling interests	$550.0K	$2.2M
Net income attributable to the Company	$257.2M	$517.1M
Foreign currency translation adjustments, net of nil income taxes	$7.5M	$26.0M
Other comprehensive income (loss), net of income taxes	$7.5M	$26.0M
Total comprehensive income	$265.2M	$545.3M
Comprehensive income attributable to non-controlling interests	$550.0K	$2.2M
Comprehensive income attributable to the Company	$264.7M	$543.1M
Net income per ordinary share - Basic (in RMB or USD per share)	$0.62	$1.28
Net income per ordinary share - Diluted (in RMB or USD per share)	$0.62	$1.25
Weighted average ordinary shares used in calculating net income per ordinary share - Basic (in shares)	412.8M	403.2M
Weighted average ordinary shares used in calculating net income per ordinary share - Diluted (in shares)	416.1M	414.4M

Balance sheet

Atour Lifestyle Holdings Ltd ADR balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$3.3B	$3.6B	$2.8B	$1.6B
Short-term investments	$2.6B	$1.3B	$751.8M	$157.8M
Accounts receivable, net of allowance of RMB15,559 and RMB19,307 as of December 31, 2024 and 2025, respectively	$341.4M	$186.0M	$162.1M	$132.7M
Prepayments and other current assets	$676.0M	$331.6M	$251.9M	$133.9M
Amounts due from related parties	$192.3M	$146.1M	$115.9M	$53.6M
Inventories	$278.8M	$167.4M	$119.1M	$57.5M
Total current assets	$7.4B	$5.7B	$4.2B	$2.1B
Restricted cash	$16.2M	$1.2M	$946.0K	$946.0K
Contract costs	$134.3M	$119.4M	$98.2M	$67.3M
Property and equipment, net	$225.6M	$213.7M	$266.1M	$360.3M
Operating lease right-of-use assets	$1.1B	$1.5B	$1.7B	$1.9B
Intangible assets, net	$4.7M	$6.4M	$4.2M	$5.5M
Goodwill	$17.4M	$17.4M	$17.4M	$17.4M
Other assets	$51.9M	$71.2M	$100.9M	$141.3M
Deferred tax assets	$253.6M	$230.9M	$144.9M	$112.5M
Total non-current assets	$1.8B	$2.2B	$2.3B	$2.6B
Total assets	$9.2B	$7.9B	$6.6B	$4.8B
Operating lease liabilities, current	$230.2M	$291.0M	$295.7M	$319.6M
Accounts payable	$822.0M	$693.8M	$594.5M	$184.9M
Deferred revenue, current	$701.1M	$454.0M	$406.1M	$203.0M
Salary and welfare payable	$316.6M	$225.7M	$189.8M	$103.5M
Accrued expenses and other payables	$1.1B	$882.0M	$684.4M	$330.3M
Income taxes payable	$312.3M	$221.6M	$136.2M	$31.3M
Short-term borrowings	$250.0M	$60.0M	$70.0M	$142.8M
Amounts due to related parties	$2.9M	$2.1M	$1.1M	$3.0M
Total current liabilities	$3.7B	$2.8B	$2.4B	$1.3B
Operating lease liabilities, non-current	$1.0B	$1.4B	$1.6B	$1.8B
Deferred revenue, non-current	$526.4M	$475.3M	$369.5M	$277.8M
Long-term borrowings, non-current portion	$2.0M	$2.0M	$2.0M	$2.0M
Other non-current liabilities	$290.1M	$245.6M	$194.5M	$141.8M
Total non-current liabilities	$1.9B	$2.1B	$2.1B	$2.2B
Total liabilities	$5.6B	$4.9B	$4.5B	$3.6B
Ordinary shares	302.0K	301.0K	300.0K	285.0K
Treasury shares	-326.4M	—	—	—
Additional paid in capital	$1.8B	$1.6B	$1.6B	$1.3B
Retained earnings	$2.2B	$1.3B	$507.2M	($78.3M)
Accumulated other comprehensive income (loss)	($34.3M)	$1.4M	$4.8M	($10.9M)
Total equity attributable to shareholders of the Company	$3.6B	$3.0B	$2.1B	$1.2B
Non-controlling interests	($12.7M)	($10.3M)	($8.0M)	($9.9M)
Total shareholders' equity	$3.6B	$2.9B	$2.1B	$1.2B
Total liabilities and shareholders' equity	$9.2B	$7.9B	$6.6B	$4.8B

Atour Lifestyle Holdings Ltd ADR balance sheet, quarters

Line item	Mar 31, 2024	Sep 30, 2023
Cash and cash equivalents	$3.0B	$2.2B
Short-term investments	$711.5M	$783.9M
Accounts receivable, net of allowance of RMB32,298 and RMB30,972 as of December 31, 2023 and March 31, 2024, respectively	$164.6M	$143.4M
Prepayments and other current assets	$270.5M	$246.3M
Amounts due from related parties	$135.1M	$117.8M
Inventories	$105.7M	$113.7M
Total current assets	$4.4B	$3.6B
Restricted cash	$946.0K	$644.0K
Contract costs	$105.4M	$84.2M
Property and equipment, net	$280.4M	$306.0M
Operating lease right-of-use assets	$1.7B	$1.7B
Intangible assets, net	$4.2M	$4.6M
Goodwill	$17.4M	$17.4M
Other assets	$93.4M	$135.6M
Deferred tax assets	$160.8M	$85.2M
Total non-current assets	$2.3B	$2.4B
Total assets	$6.8B	$6.0B
Operating lease liabilities, current	$316.1M	$302.0M
Accounts payable	$443.5M	$410.3M
Deferred revenue, current	$381.8M	$334.6M
Salary and welfare payable	$132.5M	$147.6M
Accrued expenses and other payables	$759.7M	$648.2M
Income taxes payable	$169.2M	$118.1M
Short-term borrowings	$90.0M	$70.0M
Amounts due to related parties	$2.0M	$2.3M
Total current liabilities	$2.3B	$2.0B
Operating lease liabilities, non-current	$1.5B	$1.6B
Deferred revenue, non-current	$400.0M	$348.5M
Long-term borrowings, non-current portion	$2.0M	$2.0M
Other non-current liabilities	$210.3M	$180.9M
Total non-current liabilities	$2.1B	$2.1B
Total liabilities	$4.4B	$4.2B
Ordinary shares	300.0K	300.0K
Additional paid in capital	$1.6B	$1.5B
Retained earnings	$764.4M	$287.2M
Accumulated other comprehensive income	$12.3M	$15.1M
Total equity attributable to shareholders of the Company	$2.3B	$1.8B
Non-controlling interests	($7.4M)	($7.7M)
Total shareholders' equity	$2.3B	$1.8B
Total liabilities and shareholders' equity	$6.8B	$6.0B

Cash flow statement

Atour Lifestyle Holdings Ltd ADR cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$1.6B	$1.3B	$739.1M	$96.1M
Depreciation and amortization	$54.1M	$65.2M	$85.0M	$88.6M
Impairment loss of long-lived assets	$55.4M	$54.7M	$60.5M	—
Inventory write-down	$74.2M	$50.8M	$23.9M	—
Reduction in the carrying amount of ROU assets	$220.0M	$203.5M	$214.3M	$268.3M
Gain from short-term investments	($44.9M)	($48.9M)	($34.5M)	($8.5M)
Net loss on disposal of property and equipment	$3.6M	—	$578.0K	$2.0M
Allowance for doubtful accounts	$7.1M	$30.8M	$40.8M	$4.7M
Deferred income tax benefit	($22.7M)	($85.9M)	($32.1M)	$10.2M
Share-based compensation	$131.5M	$32.8M	$164.0M	$163.2M
Accounts receivable	($159.3M)	($29.7M)	($42.7M)	($37.5M)
Prepayments and other current assets	($314.7M)	($85.2M)	($117.3M)	$33.3M
Amounts due from related parties	($46.2M)	($30.2M)	($62.3M)	($1.7M)
Inventories	($185.6M)	($99.1M)	($85.5M)	$1.1M
Contract costs	($14.9M)	($21.2M)	($30.9M)	($4.9M)
Other assets	$22.9M	$4.9M	$12.0M	$6.0M
Accounts payable	$128.2M	$99.2M	$409.6M	$23.6M
Salary and welfare payable	$90.9M	$35.9M	$86.3M	$8.3M
Accrued expenses and other payables	$202.5M	$192.1M	$353.7M	($89.0M)
Income taxes payable	$90.7M	$85.4M	$104.9M	($14.8M)
Amounts due to related parties	$785.0K	$997.0K	($1.9M)	$1.2M
Deferred revenue	$298.3M	$153.8M	$294.7M	($20.8M)
Operating lease liabilities	($264.9M)	($208.1M)	($246.1M)	($274.1M)
Other non-current liabilities	$44.5M	$51.1M	$52.7M	$28.2M
Net cash generated from operating activities	$2.0B	$1.7B	$2.0B	$283.7M
Payment for purchases of property and equipment	($85.8M)	($56.2M)	($41.7M)	($36.4M)
Proceeds from disposal of property and equipment	$5.0M	$2.9M	$670.0K	—
Payment for purchases of intangible assets	($254.0K)	($1.9M)	—	($2.8M)
Payment for purchases of short-term investments	($15.9B)	($20.0B)	($9.4B)	($2.9B)
Proceeds from maturities of short-term investments	$14.7B	$19.5B	$8.9B	$2.8B
Proceeds from disposal of a subsidiary	$780.0K	—	—	—
Net cash used in investing activities	($1.3B)	($520.6M)	($600.5M)	($192.2M)
Proceeds from borrowings	$255.0M	$60.0M	$40.0M	$199.0M
Repayment of borrowings	($65.0M)	($70.0M)	($142.0M)	($134.5M)
Proceeds from stock option exercises	$18.9M	$19.5M	$105.6M	—
Payment for dividends	($772.0M)	($436.0M)	($150.6M)	—
Payment for share repurchases	($329.9M)	—	—	—
Distribution to non-controlling interests	($1.7M)	—	—	—
Others	($30.2M)	—	—	—
Net cash used in financing activities	($924.9M)	($426.6M)	($146.9M)	$456.3M
Effect of exchange rate changes on cash and cash equivalents and restricted cash	($35.3M)	($922.0K)	$10.4M	$2.8M
Net increase (decrease) in cash and cash equivalents and restricted cash	($299.5M)	$777.9M	$1.3B	$550.6M
Cash and cash equivalents and restricted cash at the beginning of the year	$3.6B	$2.8B	$1.6B	$1.0B
Cash and cash equivalents and restricted cash at the end of the year	$3.3B	$3.6B	$2.8B	$1.6B
Income tax paid	$673.7M	$446.5M	$170.2M	$82.8M

Atour Lifestyle Holdings Ltd ADR cash flow statement, quarters

Line item	Mar 31, 2024 · Q1	Sep 30, 2023 · YTD
Net cash generated from operating activities	$143.2M	$1.4B
Payment for purchases of property and equipment	($12.6M)	($31.9M)
Payment for purchases of intangible assets	($282.0K)	—
Payment for purchases of short-term investments	($2.7B)	($5.8B)
Proceeds from maturities of short-term investments	$2.7B	$5.2B
Net cash generated from (used in) investing activities	$37.0M	($643.7M)
Proceeds from borrowings	$20.0M	$40.0M
Net cash generated from financing activities	$20.0M	($199.4M)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	$7.4M	$26.7M
Net increase in cash and cash equivalents and restricted cash	$207.6M	$608.2M
Cash and cash equivalents and restricted cash at the beginning of the period	$2.8B	$1.6B
Cash and cash equivalents and restricted cash at the end of the period	$3.0B	$2.2B
Income tax paid	$71.8M	$111.4M
Interest paid	$813.0K	$5.2M
Payable for purchase of property and equipment	$34.9M	$13.9M
Interest payable	$2.0M	$2.2M
Cash and cash equivalents	$3.0B	$2.2B
Restricted cash	$946.0K	$644.0K
Total cash and cash equivalents and restricted cash	$3.0B	$2.2B

Atour Lifestyle Holdings Ltd ADR score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.