Horizon Robotics (HORIZON) income statement
HKSE · Technology · Software - Application · 2,215 employees · CEO Kai Yu
- Price
- HK$3.69 +8.05%
- Market cap
- HK$58.6B
- Enterprise value
- CN¥43.2B
- Last report
- Q2 '26 filed 2026-06-30
- Next report
- 2027-03-19 EPS est. -CN¥0.18
Horizon Robotics (HORIZON) reported revenue of CN¥2.03B for Q2 '26 (+32.0% year on year), operating income of -CN¥2.13B (-105.0% of revenue) and net income of CN¥3.73B. Over the last four quarters revenue was CN¥6.3B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥590M | CN¥590M | CN¥467M | CN¥942M | CN¥724M | CN¥1.48B | CN¥783M | CN¥1.54B | CN¥1.1B | CN¥2.15B | CN¥1.03B | CN¥2.03B | |
| Cost of revenue | CN¥156M | CN¥156M | CN¥97.9M | CN¥412M | CN¥173M | CN¥406M | CN¥271M | CN¥532M | CN¥395M | CN¥777M | CN¥349M | CN¥689M | |
| Gross profit | CN¥434M | CN¥434M | CN¥369M | CN¥530M | CN¥551M | CN¥1.07B | CN¥512M | CN¥1B | CN¥701M | CN¥1.38B | CN¥678M | CN¥1.34B | |
| Research & development | CN¥659M | CN¥659M | CN¥710M | CN¥1.22B | CN¥868M | CN¥1.72B | CN¥1.15B | CN¥2.25B | CN¥1.43B | CN¥2.81B | CN¥1.38B | CN¥2.72B | |
| Sales & marketing | CN¥92.3M | CN¥92.3M | CN¥99.2M | CN¥0 | CN¥106M | CN¥0 | CN¥136M | CN¥0 | CN¥180M | CN¥0 | CN¥177M | CN¥0 | |
| General & administrative | CN¥114M | CN¥114M | CN¥122M | CN¥0 | CN¥197M | CN¥0 | CN¥154M | CN¥0 | CN¥209M | CN¥0 | CN¥164M | CN¥0 | |
| Other operating expenses | -CN¥41.4M | -CN¥41.4M | -CN¥35.2M | -CN¥13.5M | -CN¥99.4M | -CN¥2.27M | -CN¥139M | -CN¥22.3M | -CN¥239M | CN¥31.8M | -CN¥243M | CN¥75.9M | |
| Operating expenses | CN¥830M | CN¥830M | CN¥922M | CN¥1.65B | CN¥1.07B | CN¥2.33B | CN¥1.31B | CN¥2.8B | CN¥1.57B | CN¥3.6B | CN¥1.51B | CN¥3.47B | |
| Operating income | -CN¥397M | -CN¥397M | -CN¥553M | -CN¥1.12B | -CN¥519M | -CN¥1.26B | -CN¥796M | -CN¥1.8B | -CN¥873M | -CN¥2.23B | -CN¥836M | -CN¥2.13B | |
| Interest income | CN¥0 | CN¥0 | CN¥0 | CN¥216M | CN¥0 | CN¥172M | CN¥0 | CN¥170M | CN¥0 | CN¥226M | CN¥0 | CN¥168M | |
| Interest expense | CN¥0 | CN¥0 | CN¥0 | CN¥3.82M | CN¥0 | CN¥3.69M | CN¥0 | CN¥3.63M | CN¥0 | CN¥10.2M | CN¥0 | CN¥4.45M | |
| Other non-operating income (gains on investments, FX ...) | CN¥16.1M | CN¥16.1M | CN¥16.5M | CN¥4.01B | CN¥20.7M | -CN¥9.23B | CN¥30.5M | CN¥2.93B | CN¥179M | CN¥2.91B | CN¥0 | CN¥0 | |
| Total non-operating income | -CN¥2.03B | -CN¥2.03B | -CN¥1.99B | -CN¥4.01B | CN¥4.24B | CN¥8.84B | -CN¥1.82B | -CN¥3.33B | -CN¥1.75B | -CN¥2.92B | CN¥1.67B | CN¥3.77B | |
| Income before tax | -CN¥2.43B | -CN¥2.43B | -CN¥2.54B | -CN¥5.13B | CN¥3.72B | CN¥7.58B | -CN¥2.61B | -CN¥5.12B | -CN¥2.62B | -CN¥5.15B | CN¥830M | CN¥1.64B | |
| Income tax | CN¥4.28M | CN¥4.28M | CN¥4.55M | CN¥9.16M | CN¥2.29M | -CN¥4.67M | CN¥2.07M | CN¥4.07M | CN¥415K | -CN¥816K | CN¥22.9M | CN¥45.2M | |
| Net income | -CN¥2.43B | -CN¥2.43B | -CN¥2.55B | -CN¥5.14B | CN¥3.72B | CN¥7.59B | -CN¥2.62B | -CN¥5.13B | -CN¥2.62B | -CN¥5.15B | CN¥1.89B | CN¥3.73B | |
| EPS (basic) | -CN¥0.89 | -CN¥0.89 | -CN¥0.91 | -CN¥0.39 | CN¥0.59 | CN¥0.57 | -CN¥0.21 | -CN¥0.36 | -CN¥0.19 | -CN¥0.35 | CN¥0.05 | CN¥0.27 | |
| EPS (diluted) | -CN¥0.89 | -CN¥0.89 | -CN¥0.91 | -CN¥0.39 | CN¥0.06 | CN¥0.57 | -CN¥0.21 | -CN¥0.36 | -CN¥0.19 | -CN¥0.35 | CN¥0.05 | CN¥0.27 | |
| Shares (basic, weighted) | 2.72B | 2.72B | 2.81B | 13B | 64.8B | 13.2B | 12.3B | 13.9B | 13.5B | 14.7B | 15.8B | 14.1B | |
| Shares (diluted, weighted) | 2.73B | 2.73B | 2.81B | 13B | 24B | 13.2B | 12.3B | 13.9B | 13.5B | 14.7B | 15.8B | 14.1B | |
| Depreciation & amortization | CN¥93M | CN¥93M | CN¥111M | CN¥224M | CN¥108M | CN¥217M | CN¥111M | CN¥216M | CN¥110M | CN¥216M | CN¥106M | CN¥0 | |
| EBITDA | -CN¥320M | -CN¥320M | -CN¥458M | -CN¥4.9B | -CN¥432M | CN¥8.18B | -CN¥716M | -CN¥4.51B | -CN¥943M | -CN¥4.92B | -CN¥730M | -CN¥2.13B |
| Income statement | Trend | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | CN¥467M | CN¥906M | CN¥1.55B | CN¥2.38B | CN¥3.66B | |
| Cost of revenue | CN¥136M | CN¥278M | CN¥457M | CN¥542M | CN¥1.3B | |
| Gross profit | CN¥331M | CN¥628M | CN¥1.09B | CN¥1.84B | CN¥2.36B | |
| Research & development | CN¥1.14B | CN¥1.88B | CN¥2.37B | CN¥3.16B | CN¥5.02B | |
| Sales & marketing | CN¥95.6M | CN¥115M | CN¥327M | CN¥410M | CN¥0 | |
| General & administrative | CN¥128M | CN¥159M | CN¥443M | CN¥638M | CN¥0 | |
| Other operating expenses | CN¥299M | CN¥606M | -CN¥12M | -CN¥218M | CN¥9.33M | |
| Operating expenses | CN¥1.67B | CN¥2.76B | CN¥3.12B | CN¥3.99B | CN¥6.35B | |
| Operating income | -CN¥1.34B | -CN¥2.13B | -CN¥2.03B | -CN¥2.14B | -CN¥3.99B | |
| Interest income | CN¥28.2M | CN¥105M | CN¥167M | CN¥383M | CN¥393M | |
| Interest expense | CN¥4.71M | CN¥7.55M | CN¥8.65M | CN¥7.41M | CN¥13.7M | |
| Other non-operating income (gains on investments, FX ...) | CN¥750M | CN¥6.59B | CN¥4.7B | -CN¥4.5B | CN¥6.19B | |
| Total non-operating income | -CN¥755M | -CN¥6.59B | -CN¥4.71B | CN¥4.5B | -CN¥6.21B | |
| Income before tax | -CN¥2.09B | -CN¥8.72B | -CN¥6.74B | CN¥2.35B | -CN¥10.2B | |
| Income tax | -CN¥26.7M | -CN¥4.27M | -CN¥5.08M | CN¥4.51M | CN¥3.23M | |
| Net income | -CN¥2.06B | -CN¥8.72B | -CN¥6.74B | CN¥2.35B | -CN¥10.2B | |
| EPS (basic) | -CN¥0.16 | -CN¥0.59 | -CN¥0.47 | CN¥0.18 | -CN¥0.79 | |
| EPS (diluted) | -CN¥0.16 | -CN¥0.59 | -CN¥0.47 | -CN¥0.17 | -CN¥0.79 | |
| Shares (basic, weighted) | 13B | 13B | 13B | 4.58B | 12.9B | |
| Shares (diluted, weighted) | 13B | 13B | 13B | 13.4B | 12.9B | |
| Depreciation & amortization | CN¥154M | CN¥293M | CN¥357M | CN¥438M | CN¥441M | |
| EBITDA | -CN¥1.93B | -CN¥8.42B | -CN¥6.38B | CN¥2.8B | -CN¥9.74B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in HKD.