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Renren Income Statement 2024-2006 | RENN
Brief overview of financial results at Renren
The figures are compared over a five-year interval. Revenue at Renren moved from $350 million in 2019 to $63.5 million in 2024. Overall revenue changed by −81.9%, equal to an annualized rate of about −28.9%. Sales followed a declining trajectory over the five years.
Gross profit was 2.9 million dollars at the start and 48.3 million dollars at the end of the period (+1571.6%). Direct costs outpaced revenue, limiting the benefit of changes in sales. The gross margin was 0.8% at the start and 76.1% at the end. The business retained more gross profit from each unit of revenue.
EBITDA was −192 million dollars at the beginning and −2.5 million dollars at the end of the period (+98.7%). The operating result outpaced sales and points to improving efficiency. EBITDA margin was −54.9% at the start and −4% at the end. The company improved its ability to convert sales into EBITDA.
Across the five years, the net result shifted from −$51.1 million to −$2.1 million. Losses became smaller, but the business remains unprofitable.
What the figures show
The figures do not all move in the same direction. The financial profile benefits from higher operating efficiency, better sales economics and a stronger final result. The weaker side of the profile includes a softer top-line trend and a low EBITDA margin. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Renren
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.3 B | 1.57 B | 1.56 B | - | 159 M | 1.91 B | 5.19 B | 937 M | 779 M | 1.49 B | 1.26 B | 1.63 B | 1.79 B | 2.59 B | - | - | - | - |
Shares |
786 M | 953 M | 1.13 B | - | 23.6 M | 1.05 B | 1.04 B | 343 M | 341 M | 340 M | 356 M | 373 M | 384 M | 300 M | 245 M | 251 M | - | - |
Historical Prices |
1.65 | 1.65 | 1.38 | 21.9 | 6.71 | 1.74 | 5.1 | 2.77 | 2.28 | 4.38 | 3.53 | 4.39 | 4.58 | 7.59 | ||||
Net Income |
-2.14 M | -10.1 M | -76.9 M | 13.7 M | -19.2 M | -51.1 M | 72.5 M | -110 M | -185 M | -220 M | 60.5 M | 63.7 M | -75 M | 41.3 M | -64.2 M | -70.1 M | - | - |
Revenue |
63.5 M | 52.1 M | 45.8 M | 32.2 M | 18.1 M | 350 M | 498 M | 202 M | 63.4 M | 41.1 M | 46.7 M | 64.1 M | 155 M | 112 M | - | - | - | 47.5 M |
Cost of Revenue |
15.1 M | 11.2 M | 10.4 M | 6.84 M | 3.45 M | 6.72 M | 62.5 M | 163 M | 40.6 M | - | - | - | - | - | - | - | - | - |
Gross Profit |
48.3 M | 40.9 M | 35.4 M | 25.4 M | 14.7 M | 2.89 M | 21.7 M | 17.7 M | 11.6 M | 4.39 M | 12 M | 31.1 M | 105 M | 85.9 M | 59.9 M | 36.3 M | - | - |
Operating Income |
-2.96 M | -11.8 M | -16.2 M | -19.5 M | -27.2 M | -57.4 M | -79.3 M | -77.7 M | -54 M | -105 M | -161 M | -105 M | -48 M | -5.14 M | 7.68 M | -2.73 M | - | - |
Interest Expense |
607 K | 2.42 M | 25 K | 51 K | 303 K | 566 K | 842 K | 4.32 M | 7.11 M | 2.04 M | -1.35 M | 979 K | - | - | - | - | - | - |
EBITDA |
-2.54 M | -11.4 M | -15.4 M | -19.1 M | -26.3 M | -192 M | -112 M | -199 M | -173 M | -101 M | -142 M | -111 M | -31.9 M | 3.44 M | 13.9 M | 2.11 M | - | - |
Operating Expenses |
51.3 M | 52.7 M | 51.6 M | 44.8 M | 41.9 M | 110 M | 132 M | 106 M | 84.6 M | 110 M | 140 M | 198 M | 201 M | 122 M | 52.2 M | 39 M | - | - |
General and Administrative Expenses |
12.6 M | 12.6 M | 14.8 M | 20.1 M | 22.2 M | 46.7 M | 71.1 M | 52.9 M | 42.6 M | 46.8 M | 51.4 M | 51 M | 38.9 M | 17.2 M | 7.51 M | 6.51 M | - | - |
All numbers in USD currency
Quarterly Income Statement Renren
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | 2008-Q4 | 2006-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
824 M | 817 M | 802 M | 812 M | 809 M | 720 M | 833 M | 1.01 B | 1.14 B | - | 1.14 B | 1.14 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 245 M | 251 M | - | - |
Net Income |
-1.29 M | 507 K | -818 K | 1.16 M | -472 K | -3.1 M | -6.85 M | -8.41 M | 5.97 M | - | -52.1 M | -1.36 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -64.2 M | -70.1 M | - | - |
Revenue |
20.4 M | 19.3 M | 18 M | 16.7 M | 15.3 M | 14 M | 13.3 M | 12.9 M | 12.1 M | - | 12 M | 11 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 47.5 M |
Cost of Revenue |
5.28 M | 4.98 M | 4.59 M | 4.05 M | 3.5 M | 3.32 M | 2.81 M | 2.62 M | 2.72 M | - | 2.69 M | 2.51 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
15.1 M | 14.3 M | 13.4 M | 12.6 M | 11.8 M | 10.7 M | 10.5 M | 10.2 M | 9.43 M | - | 9.31 M | 8.47 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 59.9 M | 36.3 M | - | - |
Operating Income |
-1.45 M | 446 K | -974 K | -571 K | -788 K | -1.43 M | -799 K | -2.83 M | -3.42 M | - | -2.9 M | -3.74 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.68 M | -2.73 M | - | - |
Interest Expense |
-15 K | -33 K | 66 K | 431 K | -52 K | 34 K | 33 K | 1.22 M | -23 K | - | -5 K | -26 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-927 K | 791 K | -788 K | - | - | -1.31 M | - | - | -3.36 M | - | -2.9 M | -3.74 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.9 M | 2.11 M | - | - |
Operating Expenses |
16.6 M | 13.8 M | 14.4 M | 13.2 M | 12.6 M | 12.1 M | 11.3 M | 13.1 M | 12.8 M | - | 12.2 M | 12.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 52.2 M | 39 M | - | - |
General and Administrative Expenses |
4.46 M | 3.34 M | 2.9 M | 3.46 M | 3.14 M | 3.4 M | 2.63 M | 3.53 M | 3.05 M | - | 3.1 M | 3.29 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.51 M | 6.51 M | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Renren (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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