Monitor the company's ability to stabilize its net income in 2026, as the significant second-half decline in profitability may offset the positive revenue growth trend. The announced special dividend provides a near-term return for shareholders.
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Executive Summary
Viomi Technology Co., Ltd. reported a 14.6% increase in full-year 2025 revenue to $347.2 million, driven by its home water systems, while net income slightly decreased to $20.3 million. The company completed a strategic reorganization divesting its IoT@Home business and announced a special dividend of $0.022 per share. Despite strong revenue growth, net income was pressured by a significant 70.2% decline in second-half net income.
Key Facts
- Full-year 2025 net revenues were $347.2 million, a 14.6% increase from 2024.
- Full-year 2025 net income was $20.3 million, a slight decrease of 1.9% from 2024.
- Second-half 2025 net income attributable to shareholders was $3.0 million, down 70.2% from the same period in 2024.
- The company announced a special dividend of $0.022 per ordinary share ($0.066 per ADS).
- The company completed a strategic reorganization in August 2024, divesting its IoT@Home business.
Financial Impact
Revenue increased by $42.8 million (14.6%) year-over-year, but net income decreased by $2.8 million (1.9%).
Risk Factors
- The significant 70.2% decline in second-half net income indicates potential margin pressures or increased costs.
- The company's heavy reliance on Xiaomi for 89.6% of its 2025 revenue presents a major concentration risk.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 15 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001493152-26-018435 |
| Exhibit: ex4-10.htm | 0001493152-26-018435 |
| Exhibit: ex4-8.htm | 0001493152-26-018435 |
| Exhibit: ex4-7.htm | 0001493152-26-018435 |
| Exhibit: ex12-1.htm | 0001493152-26-018435 |
| Exhibit: ex12-2.htm | 0001493152-26-018435 |
| Exhibit: ex8-1.htm | 0001493152-26-018435 |
| Exhibit: ex13-1.htm | 0001493152-26-018435 |
| Exhibit: ex13-2.htm | 0001493152-26-018435 |
| Exhibit: ex15-1.htm | 0001493152-26-018435 |
| Exhibit: ex4-11.htm | 0001493152-26-018435 |
| Exhibit: ex15-2.htm | 0001493152-26-018435 |
| Document: 0001493152-26-018435-index-headers.html | 0001493152-26-018435 |
| Document: 0001493152-26-018435-index.html | 0001493152-26-018435 |
| Document: 0001493152-26-018435.txt | 0001493152-26-018435 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 3 | $1.66 $1.42 | ▼ −14.20% | ▼ −12.23% | $1.38 (−16.31%) |
Oct 9, 2026 18d ago | 6-K | $1.66 $1.42 | ▼ −14.20% | ▼ −12.23% | $1.38 (−16.31%) |
Sep 30, 2026 27d ago | 6-K | $1.70 $1.53 | ▲ +10.00% | ▲ +11.91% | $1.38 (+18.53%) |
Sep 28, 2026 29d ago | EFFECT | $1.59 $1.51 | ▲ +5.03% | ▲ +6.24% | $1.38 (+12.89%) |
Sep 18, 2026 5w ago | 6-K | $1.29 $1.35 | ▲ +4.65% | ▲ +3.38% | $1.38 (+7.36%) |
Sep 18, 2026 5w ago | Press Release | $1.29 $1.35 | ▲ +4.65% | ▲ +3.38% | $1.38 (+7.36%) |
Aug 27, 2026 8w ago | 6-K | $0.8199 $1.36 | ▼ −65.87% | ▼ −65.61% | $1.38 (−68.92%) |
Jul 23, 2026 13w ago | 6-K | $0.7643 $0.7556 | ▲ +1.14% | ▲ +1.61% | $1.38 (−81.21%) |
Jul 23, 2026 13w ago | Press Release | $0.7643 $0.7556 | ▲ +1.14% | ▲ +1.61% | $1.38 (−81.21%) |
Jul 1, 2026 16w ago | 6-K | $0.8292 $0.8053 | ▼ −2.88% | ▼ −3.14% | $1.38 (+67.03%) |
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