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MARKETS / NYSE / ZEPP
NYSE · ELECTRONIC COMPUTERS · SMALL CAP

Zepp Health Corp. ZEPP

11 fiscal years on record · CNY · FY2025 reported · SEC filings only
$258.9M
▲ 41.8% YoY
$-40.1M
CNY -26.2M
In brief

What this company does

The company develops, manufactures and sells smart wearable devices, an operation it commenced in China in December 2013. To date, it has shipped over 200 million units of smart wearable devices and served more than 53 million users in over 90 countries, with device activation in more than 150 countries. As of December 31, 2025, its total research and development staff consisted of 465 employees. The company maintains a global manufacturing footprint, with production operations in Vietnam primarily serving the North American market and manufacturing capabilities in China primarily serving markets outside North America. Its product and service offerings consist of smart bands and smart watches sold primarily under the Amazfit and Zepp brands, ecosystem products including smart rings, hearables, the Helio Strap, smart scales and accessories, and software and data services including the Zepp Aura sound platform and its data analytics capabilities. In December 2014, the company was incorporated in the Cayman Islands as an offshore holding company to facilitate financing and offshore listing. In February 2021, the company changed its name from Huami Corporation to Zepp Health Corporation.

Written from the business description in Zepp Health Corp's annual report to the U.S. Securities and Exchange Commission, filed 24 April 2026. Every sentence was checked against that document before publication.

Growth
USD 258.9M
Revenue, FY2025 · full 11-year series below
Revenue CNY B Net income CNY B
FY2021 · Revenue 6.3 · Net income 0.1
2.5B5.0B201520172019202120232025
Compound annual growth
−25.0%
−55.9%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−15 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -11.3% · Net -15.5%
5%10%-20%-40%201520172019202120232025
ROE
FY2025 · ROE -17.2%
50%100%-10%-20%201520172019202120232025

Each CNY of equity lost 17 cents this year.

Cash & shareholders
CNY 1.2M
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -26.2
250.0M500.0M-100.0M-200.0M201520172019202120232025
Net buybacks CNY M Dividends CNY M
FY2025 · Dividends — · Net buybacks 1.2
8M16M20152018201920212022202320242025

CNY 1.2M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 564.8M
EquityUSD 214.5M
CashUSD 57.0M
Gross debtUSD 59.5M
Net debtUSD 2.4M
Current ratio1.02×

Net debt stands at 1% of equity.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue CNY B····6.36.45.83.62.01.60.9
Operating income CNY B····0.10.20.60.40.20.0−0.0
EBITDA CNY B−0.0−0.0−0.0−0.10.10.20.60.40.20.0−0.0
Income tax CNY B····0.00.00.10.10.00.0−0.0
Net income CNY B····0.10.20.60.30.20.0−0.0
Free cash flow CNY B−0.0−0.00.0−0.1−0.30.10.40.70.20.0−0.0
EPS, diluted CNY ···−0.180.520.882.240.510.65−0.22−1.22
Dividend / sh CNY ···········
Payout %···−15··1····
ROE %−17.2−25.1··4.98.726.733.4131.079.3·
Shares out B·······0.000.090.09·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 5 failures in 53 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 42 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente5 failures
ActivityElectronic Computers
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2015

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