NOAHNYSEInvestment Advice

NOAH HOLDINGS LTD

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026

$7.07−0.15 (-2.08%)

Close on Oct 19, 2026

NOAH HOLDINGS LTD cash flow statement

AnnualQuarterlyTTM

CNY USD

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31
Depreciation & Amortization	22	22	22	23	23	14	15	14	12	9.23	5.48	3.64	2.47
Stock-Based Compensation	9.31	15	1.63	6.29	7.91	8.66	14	17	14	12	11	5.31	5.25
Deferred Income Taxes	3.72	13	1.98	-13	-19	-9.58	-9.03	-3.59	0.04	-1.29	-1.08	-3.59	-0.06
Change in Accounts Receivable	5.62	3.19	0.04	45	-56	-32	6.91	-15	3.18	-12	-8.64	-2.72	1.85
Change in Unearned Revenue	-2.49	-0.08	0.69	0.64	-1.24	-4.21	-6.11	-8.83	16	3.74	-4.66	0.60	9.90
Operating Cash Flow	136	54	186	94	236	115	186	156	93	103	107	96	93
Capital Expenditures	-19	-11	-22	-9.32	-352	-7.48	-9.46	-19	-23	-15	-22	-9.65	-6.70
Acquisitions	-6.97	–	-3.53	–	-4.33	1.17	-1.21	-29	–	–	-1.91	–	–
Sale of Property, Plant & Equipment	–	–	–	–	6.02	–	–	–	–	–	–	–	–
Purchase of Investments	-205	-242	-69	-1.00	-22	-34	-18	-36	-7.79	-202	-624	-33	-33
Sale & Maturity of Investments	1.79	1.32	0.38	0.58	2.99	–	8.30	15	107	137	533	7.38	4.87
Investing Cash Flow	42	-117	-35	11	-399	51	-26	-60	-123	-133	-121	-15	-17
Dividends Paid	-76	-140	-25	–	–	–	–	–	–	–	–	-0.26	-7.74
Share Repurchases	-7.28	-7.41	–	–	-58	-41	–	–	-4.63	-1.90	-7.10	–	-3.18
Stock Issued	–	–	–	37	1.72	4.83	4.59	6.94	2.91	0.68	0.69	0.66	1.11
Taxes Paid on Share-Based Awards	-0.25	-1.02	–	–	–	–	–	–	–	–	–	–	–
Financing Cash Flow	-88	-158	-28	35	-80	-54	79	17	-117	150	74	9.81	-3.16
Foreign Exchange Rate Adjustments	-14	10	6.79	12	-7.24	-22	5.47	8.52	-12	7.91	0.68	1.04	-1.33
Net Change in Cash	75	-211	130	152	-250	91	244	121	-159	128	61	91	72
Free Cash Flow	117	42	164	85	-116	108	177	136	70	88	86	86	87
Income Taxes Paid	26	28	40	61	56	45	30	32	30	31	21	22	14
Interest Paid	–	–	–	–	–	–	0.06	1.97	3.51	2.77	1.44	0.47	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: –
Operating margin: 29.8%
Net margin: 21.4%
Return on equity, FY2025: 5.7%

Financial strength

Current ratio: 4.46
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 305.6%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.