LZ Technology Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,129	822.83	568.87	162.95	81.05
Revenue Growth (YoY)	37.21%	44.65%	249.10%	101.06%	-
Cost of Revenue	1,092	788.39	537.61	143.1	70.03
Gross Profit	37.25	34.44	31.26	19.85	11.02
Selling, General & Admin	156.97	26.35	32.22	34.91	18.93
Research & Development	56.29	4.46	5.48	6.93	6.41
Total Operating Expenses	213.26	30.82	37.7	41.84	25.34
Operating Income	-176.01	3.63	-6.44	-21.98	-14.32
Total Non-Operating Income (Expense)	3.25	1.18	2.44	7.19	-34.13
Pretax Income	-172.76	4.8	-4	-14.8	-48.45
Provision for Income Taxes	0.51	-0.97	2.37	-	0.01
Net Income	-173.47	5.54	-6.21	-13.65	-45.06
Net Income to Common	-173.47	5.54	-6.21	-13.65	-45.06
Shares Outstanding (Basic)	154	148	144	133	230
Shares Outstanding (Diluted)	154	148	144	133	230
Shares Change (YoY)	4.09%	3.13%	8.24%	-42.39%	-
EPS (Basic)	-1.13	0.04	-0.04	-0.10	-0.20
EPS (Diluted)	-1.13	0.04	-0.04	-0.10	-0.20
Shares Outstanding	158.02	150	145.15	141.03	131.88
Free Cash Flow	-41.78	4.32	-16.96	1.02	-72.85
Free Cash Flow Per Share	-0.27	0.03	-0.12	0.01	-0.32
Gross Margin	3.30%	4.19%	5.49%	12.18%	13.60%
Operating Margin	-15.59%	0.44%	-1.13%	-13.49%	-17.67%
Profit Margin	-15.35%	0.70%	-1.12%	-9.08%	-59.79%
FCF Margin	-3.70%	0.53%	-2.98%	0.62%	-89.89%
EBITDA	-167.19	12.33	3.69	-12.25	-10.23
EBITDA Margin	-14.81%	1.50%	0.65%	-7.52%	-12.62%
EBIT	-176.01	3.63	-6.44	-21.98	-14.32
EBIT Margin	-15.59%	0.44%	-1.13%	-13.49%	-17.67%
Effective Tax Rate	-0.30%	-20.23%	-59.14%	0.00%	-0.02%

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q