IQ
iQIYI, Inc.
IQ lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
IQ Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Weak |
IQ's revenue, profitability, cash flow and balance sheet are all currently under pressure.
IQ PE Valuation
IQ has no meaningful PE right now: it lost money over the past year.
IQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect IQ's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
IQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.13 | -1400% |
| Q1 2026 | -$0.11 | -375% |
| Q4 2025 | -$0.04 | -136% |
| Q3 2025 | -$0.07 | -132% |
| Q2 2025 | $0.01 | -96% |
| Q1 2025 | $0.04 | -87% |
| Q4 2024 | $0.11 | -63% |
| Q3 2024 | $0.22 | -21% |
IQ has swung to a loss: it lost $0.13 per share over the past year, after a profit the year before.
IQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $940.8M | -5.4% |
| Q1 2026 | $934.3M | -13% |
| Q4 2025 | $1B | +2.7% |
| Q3 2025 | $1B | -7.8% |
| Q2 2025 | $994.7M | -11% |
| Q1 2025 | $1.1B | -9.3% |
| Q4 2024 | $992.5M | -14% |
| Q3 2024 | $1.1B | -9.6% |
IQ's revenue has slid since its 2023 peak: $941M last quarter, down 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1.7% | -1 points |
| Q1 2026 | -3.7% | -8.4 points |
| Q4 2025 | 0.8% | -3.5 points |
| Q3 2025 | -1.8% | -5.1 points |
| Q2 2025 | -0.7% | -5.3 points |
| Q1 2025 | 4.8% | -7.2 points |
| Q4 2024 | 4.3% | -5.7 points |
| Q3 2024 | 3.3% | -6 points |
IQ's operating margin was −1.7% last quarter, down 1 points from the same quarter a year ago.
IQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $48M | +$53.1M |
| Q1 2026 | $16.5M | -65% |
| Q4 2025 | $0 | -100% |
| Q3 2025 | -$43.6M | -224% |
| Q2 2025 | -$5.1M | -109% |
| Q1 2025 | $47.5M | -65% |
| Q4 2024 | $71.1M | -23% |
| Q3 2024 | $35.2M | -72% |
IQ still generates free cash flow, though less than at its 2023 peak: $21M over the past year.
IQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -6M shares |
| 1 year | -0.4% | -4.1M shares |
| 3 years | -2% | -19.6M shares |
| 5 years | +744% | +846M shares |
| Available history | +31% | +229M shares |
IQ has 959M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
IQ hasn't bought back shares in the past year.
IQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 58.6x | High |
| Q1 2026 | 27.0x | High |
| Q4 2025 | 11.8x | High |
| Q3 2025 | 3.0x | Elevated |
| Q2 2025 | 2.8x | Moderate |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.2x | Moderate |
| Q3 2024 | 0.6x | Very low |
IQ's net debt is more than 20 years of its operating earnings (EBITDA), up from 2.8 years a year ago.
IQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.7 | Neutral |
| Stochastic | 13.5 | Oversold |
IQ's weekly RSI is 40 (neutral) and its Stochastic is 14 (oversold).
IQ PE vs Communication Services Sector
| Metric | IQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
IQ has no meaningful PE right now: it lost money over the past year.
IQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.95 | 6.3% below |
| 20 week MA | $1.05 | 15% below |
| 50 week MA | $1.33 | 33% below |
| 100 week MA | $1.71 | 48% below |
| 200 week MA | $3.11 | 71% below |
IQ is in a downtrend: it's below all five of its weekly moving averages, and 71% below its 200-week average.
IQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.5 | $17.4 | -19% |
| 2021 | $17.4 | $4.91 | -72% |
| 2022 | $4.91 | $4.65 | -5.3% |
| 2023 | $4.65 | $4.88 | +4.9% |
| 2024 | $4.88 | $2.08 | -57% |
| 2025 | $2.08 | $1.91 | -8.2% |
| 2026 YTD | $1.91 | $0.89 | -53% |
IQ has finished lower in five of the last six years. It's down 53% so far in 2026.