Yuanbao Inc. American Depositary Shares
- Open
- 13.73
- Day high
- 13.99
- Day low
- 13.67
- Prev close
- 13.78
- Volume
- 14K
- Mkt cap
- $635M
- P/E (TTM)
- 0.4
- EPS (TTM)
- $33.88
- P/B
- 1.1
- P/S
- 0.9
- Yield
- 9.14%
- Per share
- $1.26
Yuanbao Inc. American Depositary Shares (YB) is a Financial Services company listed on NASDAQ. The stock is down 47% over the past year.
Yuanbao Inc. American Depositary Shares (YB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
YB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 10, 2026 | — | $1.22 | — | $191M | — |
| Mar 18, 2026 | — | $1.05 | — | $168M | — |
| Dec 3, 2025 | — | $1.14 | — | $163M | — |
| Aug 27, 2025 | — | $0.92 | — | $149M | — |
| Jun 5, 2025 | — | $0.94 | — | $889M | — |
YB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 29, 2026 | Li Ying Danadirector, officer: Chief Operating Officer | Option | 2,000 | — |
| Jun 29, 2026 | Li Ying Danadirector, officer: Chief Operating Officer | Option | 12,000 | $0.15 |
| Jun 29, 2026 | Li Ying Danadirector, officer: Chief Operating Officer | Tax | 373 | — |
| May 28, 2026 | Fang Ruidirector, 10 percent owner, officer: Chief Executive Officer | Option | 50,000 | — |
| May 28, 2026 | Fang Ruidirector, 10 percent owner, officer: Chief Executive Officer | Option | 300,000 | $0.06 |
| May 11, 2026 | Fang Ruidirector, 10 percent owner, officer: Chief Executive Officer | Option | 300,000 | $0.06 |
| May 11, 2026 | Fang Ruidirector, 10 percent owner, officer: Chief Executive Officer | Option | 50,000 | — |
Source: YB SEC Form 4 filings, latest Jun 29, 2026. For informational purposes only — not investment advice.
See the full YB insider & 13F page →Yuanbao Inc. American Depositary Shares company profile
Overview
Yuanbao Inc. (NASDAQ:YB) is a Chinese financial technology company that operates as an online insurance distribution platform. Founded in 2019 and headquartered in Beijing, the company went public in April 2025 through an American Depositary Shares listing. Yuanbao serves as a digital intermediary connecting Chinese consumers with insurance products, leveraging technology and data analytics to streamline the insurance purchasing process in China's rapidly digitizing financial services market.
Business
Yuanbao operates in China's online insurance distribution industry, which sits at the intersection of traditional insurance and financial technology. The company functions as a digital marketplace that connects consumers with various insurance products, eliminating the need for traditional brick-and-mortar insurance agencies or direct insurer sales forces. The company's core business revolves around online insurance distribution, where it offers a comprehensive range of insurance products including medical insurance, critical illness coverage, life insurance, and other specialized insurance products. Medical and health insurance products typically represent the largest category in China's insurance market, driven by an aging population and increasing health consciousness among consumers. Beyond product distribution, Yuanbao provides system services that include precise marketing capabilities, data analytics, and other technology-enabled services. These services help insurance providers better understand customer needs, optimize their product offerings, and improve conversion rates through targeted marketing campaigns. The company operates primarily as a digital platform where consumers can compare different insurance products, receive personalized recommendations, and complete purchases online. This model capitalizes on China's massive internet user base and the growing preference for digital financial services, particularly among younger consumers who are comfortable conducting complex financial transactions through mobile apps and websites.
Competitive moat
Yuanbao's competitive moat appears relatively narrow in the highly competitive Chinese fintech landscape. The company's primary advantages include its established relationships with insurance providers, proprietary data analytics capabilities, and accumulated customer base. However, these advantages face significant challenges from well-funded competitors. The company's data analytics and precise marketing capabilities provide some differentiation, as the ability to effectively match customers with appropriate insurance products and optimize conversion rates creates value for both consumers and insurance providers. The accumulated customer data and behavioral insights can improve over time, creating a modest network effect. However, the competitive threats are substantial. Major technology giants like Alibaba (through Ant Group), Tencent, and other established fintech companies have significantly more resources, broader ecosystems, and existing customer relationships that they can leverage for insurance distribution. These companies can afford to operate insurance distribution at lower margins or even as loss leaders to drive engagement in their broader financial services ecosystems. Additionally, regulatory risks in China's financial services sector pose ongoing challenges, as government policies can quickly reshape competitive dynamics. The relatively low barriers to entry for digital insurance distribution, combined with the commodity-like nature of many insurance products, limit the sustainability of competitive advantages. Traditional insurance companies are also increasingly developing their own digital distribution capabilities, potentially reducing their reliance on third-party platforms like Yuanbao.
Risks & safety
Yuanbao demonstrates strong financial stability with solid cash generation and minimal debt burden, though operating in a competitive and regulated environment. • Liquidity position: Strong cash position of $261 million with current ratio of 2.84x, indicating excellent short-term financial flexibility • Debt levels: Minimal debt with debt-to-equity ratio of -0.012, essentially debt-free operations • Cash generation: Positive free cash flow of $165 million for FY 2024, demonstrating strong cash conversion from operations • Profitability: Profitable operations with net income of $119 million in FY 2024, showing significant improvement from near break-even in 2022 • Valuation concerns: Negative enterprise value due to high cash position, but negative book value of -$224 million raises questions about balance sheet structure • Growth trajectory: Revenue growth from $123 million in 2022 to $450 million in 2024, indicating strong business momentum • Regulatory and competitive risks: Operating in China's heavily regulated fintech sector with intense competition from well-funded tech giants
Recent development
Based on the available financial data, Yuanbao has experienced significant business acceleration over the past three years. The company transformed from near break-even operations in 2022 (with net income of -$0.3 million) to substantial profitability, generating $119 million in net income for 2024. This represents a dramatic improvement in operational efficiency and market penetration. The company's revenue growth trajectory shows strong momentum, with annual revenue increasing from $123 million in 2022 to $288 million in 2023, and further accelerating to $450 million in 2024. This growth pattern suggests successful market share gains in China's online insurance distribution market. Cash generation capabilities have improved substantially, with free cash flow growing from $12 million in 2022 to $165 million in 2024. This improvement indicates that the company has achieved better conversion of revenue growth into actual cash returns, suggesting operational maturity and efficiency gains. The company's balance sheet strengthening is evident in its cash position, which increased from $54 million in 2022 to $261 million by the end of 2024. This cash accumulation provides strategic flexibility for potential acquisitions, technology investments, or weathering competitive pressures in the Chinese market.
YB company profile · for informational purposes only — not investment advice.
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