PerpEquities

Equity · Technology

Puya Semiconductor (Shanghai) Co., Ltd. (PUYA) perpetual futures

PUYA perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade PUYAUSDT.

Puya Semiconductor (Shanghai) Co., Ltd. tracked across crypto venues with normalized contract specifications.

$61.22-5.2%
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Collecting venue price data...
venue perp mark · Gate.io (PUYA/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$62
Open interest
$17K
Best liquidity
-
Tightest spread
+138.9 bps
Gate.io
Highest volume
$62
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradePUYA/USDTTrading$61.220.0% APR
0.000% every 8h
+138.9 bps-$62$17KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

PUYA

Highest volume

PUYA

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$9B
Updated 1h ago
Revenue
$799.1M
Trailing 12 months
Revenue growth
+310%
Next fiscal year
Profit margin
+18.5%
P/E
63.9
Peer P/E 52.4
Free cash flow
$138.3M
Trailing 12 months
More metrics
Net income
$147.9M
Trailing 12 months
P/S
11.3
Peer P/E
52.4
Similar listed perps
Revenue estimate
$1.4B
Next fiscal year
Earnings
2026-08-18
Revenue $369.8M · Updated 1h ago
Dividend
¥0.12
2026-05-26

Fundamental detail

Annual + quarterly
Latest revenue$345.1M
Net margin+9.0%
Free cash flow-$4.8M
Net debt-$134.7M
2020$106.7M
2021$164.1M
2022$137.6M
2023$167.6M
2024$268.3M
2025$345.1M
PeriodRevenueGrowthNet incomeFCF
2020$106.7M+98%$12.8M-$11.1M
2021$164.1M+54%$43.3M$22.5M
2022$137.6M-16%$12.4M-$28.4M
2023$167.6M+22%-$7.2M-$7.6M
2024$268.3M+60%$43.5M-$27.2M
2025$345.1M+29%$31M-$4.8M
PeriodGross marginOperating marginNet marginROEROA
2020+23.9%+12.8%+12.0%+22.0%+18.2%
2021+36.0%+25.6%+26.4%+15.1%+14.4%
2022+22.5%+8.9%+9.0%+4.2%+3.5%
2023+14.9%-6.2%-4.3%-2.5%-2.3%
2024+33.4%+16.9%+16.2%+13.2%+11.3%
2025+100.0%+8.1%+9.0%+8.6%+5.7%
PeriodCashDebtNet debtCurrent ratio
2020$17.5M$119.4K-$17.3M5.38
2021$217.6M$305.4K-$217.3M21.17
2022$180.1M$2.6M-$177.5M5.53
2023$164.7M$1.4M-$163.3M10.83
2024$148M$388K-$147.6M6.11
2025$154.3M$19.6M-$134.7M3.59
PeriodMarket capEnterprise valueP/SP/E
2020$1.9B$1.9B18.2152.1
2021$1.6B$1.4B9.736.8
2022$1.1B$969.1M8.392.9
2023$1B$882.3M6.2-145.0
2024$1.6B$1.4B5.936.3
2025$2.8B$2.7B8.190.9
Q3 2024$70M
Q4 2024$65M
Q1 2025$60.4M
Q2 2025$74.4M
Q3 2025$78.3M
Q4 2025$131.9M
Q1 2026$215.2M
Q2 2026$373.7M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$70M+58%$13.2M$6.2M
Q4 2024$65M+21%$10.1M-$15.3M
Q1 2025$60.4M0%$2.7M-$25.6M
Q2 2025$74.4M+2%$3.3M$9.1M
Q3 2025$78.3M+12%$2.7M$10.6M
Q4 2025$131.9M+103%$22.2M-$389.1K
Q1 2026$215.2M+256%$37.4M$27.2M
Q2 2026$373.7M+402%$85.6M$100.9M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+30.3%+19.6%+18.9%+4.1%+3.6%
Q4 2024+33.3%+15.6%+15.5%+3.1%+2.6%
Q1 2025+31.5%+4.6%+4.5%+0.8%+0.8%
Q2 2025+21.4%+3.5%+4.5%+1.0%+0.9%
Q3 2025+36.9%+2.2%+3.5%+0.8%+0.7%
Q4 2025+213.2%+15.8%+16.8%+6.2%+4.1%
Q1 2026+44.7%+29.0%+17.4%+9.3%+5.9%
Q2 2026+54.2%+42.7%+22.9%+17.2%+8.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$160.2M$10M-$150.2M7.00
Q4 2024$148M$388K-$147.6M6.11
Q1 2025$119.5M$531.9K-$119M10.13
Q2 2025$124.5M$191.3K-$124.3M8.03
Q3 2025$118.7M$335.7K-$118.4M5.91
Q4 2025$154.3M$19.6M-$134.7M3.59
Q1 2026$174.7M$10.8M-$163.8M3.30
Q2 2026$367M$113.8M-$253.2M2.43
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1.3B$1.1B18.424.4
Q4 2024$1.6B$1.4B24.539.3
Q1 2025$1.8B$1.7B29.3163.2
Q2 2025$1.4B$1.3B18.7105.3
Q3 2025$2.5B$2.4B31.6233.9
Q4 2025$4B$3.9B30.745.4
Q1 2026$5B$4.8B23.033.1
Q2 2026$16.9B$16.6B45.249.4

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$373.7MQ2 2026
$93.4M$186.9M$280.3M$373.7MQ3 2023: $44.4MQ4 2023: $53.5MQ1 2024: $60.2MQ2 2024: $73.1MQ3 2024: $70MQ4 2024: $65MQ1 2025: $60.4MQ2 2025: $74.4MQ3 2025: $78.3MQ4 2025: $131.9MQ1 2026: $215.2MQ2 2026: $373.7MQ3 2023Q2 2026
Net income$85.6MQ2 2026
$18.8M$41.1M$63.4M$85.6MQ3 2023: -$3.5MQ4 2023: $7.9MQ1 2024: $7.4MQ2 2024: $12.8MQ3 2024: $13.2MQ4 2024: $10.1MQ1 2025: $2.7MQ2 2025: $3.3MQ3 2025: $2.7MQ4 2025: $22.2MQ1 2026: $37.4MQ2 2026: $85.6MQ3 2023Q2 2026
EBITDA$163.1MQ2 2026
$38.2M$79.8M$121.4M$163.1MQ3 2023: -$3.5MQ4 2023: $7MQ1 2024: $8.3MQ2 2024: $14.8MQ3 2024: $14.4MQ4 2024: $11MQ1 2025: $3.5MQ2 2025: $3.5MQ3 2025: $2.4MQ4 2025: $24.9MQ1 2026: $62.3MQ2 2026: $163.1MQ3 2023Q2 2026
Free cash flow$100.9MQ2 2026
$6M$37.7M$69.3M$100.9MQ3 2023: $5.9MQ4 2023: $3.3MQ1 2024: -$9.4MQ2 2024: -$8.7MQ3 2024: $6.2MQ4 2024: -$15.3MQ1 2025: -$25.6MQ2 2025: $9.1MQ3 2025: $10.6MQ4 2025: -$389.1KQ1 2026: $27.2MQ2 2026: $100.9MQ3 2023Q2 2026
EPS$0.58Q2 2026
$0.13$0.28$0.43$0.58Q3 2023: -$0.02Q4 2023: $0.06Q1 2024: $0.05Q2 2024: $0.08Q3 2024: $0.09Q4 2024: $0.07Q1 2025: $0.02Q2 2025: $0.02Q3 2025: $0.02Q4 2025: $0.1Q1 2026: $0.25Q2 2026: $0.58Q3 2023Q2 2026
Cash / Debt$367MQ2 2026
$91.7M$183.5M$275.2M$367MQ3 2023 · Cash: $162.3MQ3 2023 · Debt: $1.2MQ4 2023 · Cash: $164.7MQ4 2023 · Debt: $1.4MQ1 2024 · Cash: $155.4MQ1 2024 · Debt: $586.3KQ2 2024 · Cash: $146.9MQ2 2024 · Debt: $3MQ3 2024 · Cash: $160.2MQ3 2024 · Debt: $10MQ4 2024 · Cash: $148MQ4 2024 · Debt: $388KQ1 2025 · Cash: $119.5MQ1 2025 · Debt: $531.9KQ2 2025 · Cash: $124.5MQ2 2025 · Debt: $191.3KQ3 2025 · Cash: $118.7MQ3 2025 · Debt: $335.7KQ4 2025 · Cash: $154.3MQ4 2025 · Debt: $19.6MQ1 2026 · Cash: $174.7MQ1 2026 · Debt: $10.8MQ2 2026 · Cash: $367MQ2 2026 · Debt: $113.8MQ3 2023Q2 2026
CashDebt
Profitability+54.2%Q2 2026
+46.6%+102.2%+157.7%+213.2%Q3 2023 · Gross margin: +53.1%Q4 2023 · Gross margin: -1.6%Q1 2024 · Gross margin: +31.8%Q2 2024 · Gross margin: +37.6%Q3 2024 · Gross margin: +30.3%Q4 2024 · Gross margin: +33.3%Q1 2025 · Gross margin: +31.5%Q2 2025 · Gross margin: +21.4%Q3 2025 · Gross margin: +36.9%Q4 2025 · Gross margin: +213.2%Q1 2026 · Gross margin: +44.7%Q2 2026 · Gross margin: +54.2%Q3 2023 · Operating margin: -8.9%Q4 2023 · Operating margin: +11.8%Q1 2024 · Operating margin: +12.6%Q2 2024 · Operating margin: +19.1%Q3 2024 · Operating margin: +19.6%Q4 2024 · Operating margin: +15.6%Q1 2025 · Operating margin: +4.6%Q2 2025 · Operating margin: +3.5%Q3 2025 · Operating margin: +2.2%Q4 2025 · Operating margin: +15.8%Q1 2026 · Operating margin: +29.0%Q2 2026 · Operating margin: +42.7%Q3 2023 · Net margin: -7.8%Q4 2023 · Net margin: +14.8%Q1 2024 · Net margin: +12.3%Q2 2024 · Net margin: +17.5%Q3 2024 · Net margin: +18.9%Q4 2024 · Net margin: +15.5%Q1 2025 · Net margin: +4.5%Q2 2025 · Net margin: +4.5%Q3 2025 · Net margin: +3.5%Q4 2025 · Net margin: +16.8%Q1 2026 · Net margin: +17.4%Q2 2026 · Net margin: +22.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+402.1%Q2 2026
+100.5%+201.1%+301.6%+402.1%Q3 2024: +57.6%Q4 2024: +21.4%Q1 2025: +0.3%Q2 2025: +1.9%Q3 2025: +11.9%Q4 2025: +102.8%Q1 2026: +256.1%Q2 2026: +402.1%Q3 2023Q2 2026
Shares outstanding148.4MQ2 2026
53.5M106.9M160.4M213.8MQ3 2023: 148.4MQ4 2023: 143.2MQ1 2024: 148.7MQ2 2024: 150.1MQ3 2024: 148MQ4 2024: 148.1MQ1 2025: 152.1MQ2 2025: 148MQ3 2025: 148MQ4 2025: 213.8MQ1 2026: 148.6MQ2 2026: 148.4MQ3 2023Q2 2026
Valuation49.4Q2 2026
1.078.6156.3233.9Q3 2023 · P/E: -76.7Q4 2023 · P/E: 32.3Q1 2024 · P/E: 34.1Q2 2024 · P/E: 29.4Q3 2024 · P/E: 24.4Q4 2024 · P/E: 39.3Q1 2025 · P/E: 163.2Q2 2025 · P/E: 105.3Q3 2025 · P/E: 233.9Q4 2025 · P/E: 45.4Q1 2026 · P/E: 33.1Q2 2026 · P/E: 49.4Q3 2023 · P/S: 24.4Q4 2023 · P/S: 19.0Q1 2024 · P/S: 17.0Q2 2024 · P/S: 20.5Q3 2024 · P/S: 18.4Q4 2024 · P/S: 24.5Q1 2025 · P/S: 29.3Q2 2025 · P/S: 18.7Q3 2025 · P/S: 31.6Q4 2025 · P/S: 30.7Q1 2026 · P/S: 23.0Q2 2026 · P/S: 45.2Q3 2023Q2 2026
P/EP/S
Revenue$345.1M2025
$86.3M$172.5M$258.8M$345.1M2018: $26.5M2019: $54M2020: $106.7M2021: $164.1M2022: $137.6M2023: $167.6M2024: $268.3M2025: $345.1M20182025
Net income$31M2025
$5.5M$18.2M$30.8M$43.5M2018: $2M2019: $4.8M2020: $12.8M2021: $43.3M2022: $12.4M2023: -$7.2M2024: $43.5M2025: $31M20182025
EBITDA$34.3M2025
$6.4M$20.4M$34.4M$48.4M2018: $2.3M2019: $5.8M2020: $15M2021: $43.6M2022: $14M2023: -$7.7M2024: $48.4M2025: $34.3M20182025
Free cash flow-$4.8M2025
-$15.7M-$3M$9.8M$22.5M2018: -$4.1M2019: $3.4M2020: -$11.1M2021: $22.5M2022: -$28.4M2023: -$7.6M2024: -$27.2M2025: -$4.8M20182025
EPS$0.212025
$0.05$0.15$0.25$0.352018: $02019: $0.052020: $0.122021: $0.352022: $0.082023: -$0.052024: $0.292025: $0.2120182025
Cash / Debt$154.3M2025
$54.4M$108.8M$163.2M$217.6M2018 · Cash: $1.3M2018 · Debt: $2.5M2019 · Cash: $16.6M2019 · Debt: $447.2K2020 · Cash: $17.5M2020 · Debt: $119.4K2021 · Cash: $217.6M2021 · Debt: $305.4K2022 · Cash: $180.1M2022 · Debt: $2.6M2023 · Cash: $164.7M2023 · Debt: $1.4M2024 · Cash: $148M2024 · Debt: $388K2025 · Cash: $154.3M2025 · Debt: $19.6M20182025
CashDebt
Profitability+100.0%2025
+20.4%+46.9%+73.5%+100.0%2018 · Gross margin: +24.0%2019 · Gross margin: +25.9%2020 · Gross margin: +23.9%2021 · Gross margin: +36.0%2022 · Gross margin: +22.5%2023 · Gross margin: +14.9%2024 · Gross margin: +33.4%2025 · Gross margin: +100.0%2018 · Operating margin: +7.3%2019 · Operating margin: +9.9%2020 · Operating margin: +12.8%2021 · Operating margin: +25.6%2022 · Operating margin: +8.9%2023 · Operating margin: -6.2%2024 · Operating margin: +16.9%2025 · Operating margin: +8.1%2018 · Net margin: +7.5%2019 · Net margin: +8.9%2020 · Net margin: +12.0%2021 · Net margin: +26.4%2022 · Net margin: +9.0%2023 · Net margin: -4.3%2024 · Net margin: +16.2%2025 · Net margin: +9.0%20182025
Gross marginOperating marginNet margin
Revenue growth+28.6%2025
+13.8%+43.7%+73.7%+103.6%2019: +103.6%2020: +97.6%2021: +53.8%2022: -16.1%2023: +21.9%2024: +60.0%2025: +28.6%20182025
Shares outstanding147.7M2025
37.1M74.2M111.2M148.3M2018: 02019: 102.7M2020: 109.9M2021: 123.6M2022: 148.2M2023: 146.9M2024: 148.3M2025: 147.7M20182025
Valuation90.92025
-13.1118.9250.8382.72018 · P/E: 0.02019 · P/E: 382.72020 · P/E: 152.12021 · P/E: 36.82022 · P/E: 92.92023 · P/E: -145.02024 · P/E: 36.32025 · P/E: 90.92018 · P/S: 0.02019 · P/S: 33.62020 · P/S: 18.22021 · P/S: 9.72022 · P/S: 8.32023 · P/S: 6.22024 · P/S: 5.92025 · P/S: 8.120182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-08-18
Revenue $369.8M · Updated 1h ago
Dividend
¥0.12
2026-05-26

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

4
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202618.24$1.4B+310%1
FY 202734.04$1.8B+421%1
FY 202837.99$2B+483%1
Q1 20280.00$74.2M-66%0

Company events

6
2026-08-18EarningsActual 3.88 / Estimate --
2026-05-26Dividend¥0.12-
2026-04-29EarningsActual 1.7 / Estimate --
2026-02-27EarningsActual 0.7 / Estimate --
2025-10-31EarningsActual 0.12 / Estimate --
2025-08-21EarningsActual 0.15 / Estimate -Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering PUYA have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed
Avg. return after a rating (TipRanks)
Best / worst call / /

After buy calls on this stock: not enough measured cases yet

TipRanks data via FMP · computed Sep 24, 2026 · 0 ratings

Frequently asked questions

Where can I trade PUYA perpetual futures?

Puya Semiconductor (Shanghai) Co., Ltd. (PUYA) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade PUYA around the clock?

Yes. Unlike the underlying stock, PUYA perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on PUYA perpetuals?

Right now the PUYA perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the PUYA perp price compare to the Puya Semiconductor (Shanghai) Co., Ltd. stock?

The venue-median PUYA perp mark is $61.2 versus a reference stock price of $61.2, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a PUYA perpetual future?

A PUYA perpetual is a derivative that tracks the price of Puya Semiconductor (Shanghai) Co., Ltd. with no expiry date. It lets you take long or short exposure to Puya Semiconductor (Shanghai) Co., Ltd. on crypto venues, around the clock.

What is PUYAUSDT perpetual?

PUYAUSDT is the symbol most crypto exchanges use for the Puya Semiconductor (Shanghai) Co., Ltd. perpetual settled in USDT (Tether). It tracks the PUYA share price through an index, trades 24/7 with leverage and never expires.

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