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CHR logoCheer Holding, Inc.(CHR)Earnings, Financials & Key Ratios

CHR•NASDAQ
$1.80
$362119 mkt cap·0.1× P/E·Price updated May 6, 2026
SectorCommunication ServicesIndustryAdvertising & MarketingSub-IndustryDigital ad platforms and programmatic
AboutCheer Holding, Inc., through its subsidiaries, provides advertisement and content production services in the People's Republic of China. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an e-commerce platform that allows users to access online store, live streaming, series TV shows, and online games, as well as online short videos, variety shows, and dramas. It is also developing CheerCar App, an interactive entertainment app; CheerReal, a digital collection NFT app; and CheerChat App, an overseas social audio app. The company was formerly known as Glory Star New Media Group Holdings Limited and changed its name to Cheer Holding, Inc. in November 2023. The company was founded in 2016 and is headquartered in Beijing, the People's Republic of China.Show more
  • Revenue$149M+1.1%
  • EBITDA$33M+13.2%
  • Net Income$26M-1.3%
  • EPS (Diluted)24.07-80.8%
  • Gross Margin70.97%-3.1%
  • EBITDA Margin22.37%+11.9%
  • Operating Margin17.66%+1.6%
  • Net Margin17.21%-2.4%
  • ROE7.59%-14.5%
  • ROIC15.41%-15.5%
  • Debt/Equity0.03-31.1%
Technical→

CHR Key Insights

Cheer Holding, Inc. (CHR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Healthy 5Y average net margin of 19.0%
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Profits declining 12.2% over 5 years
  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CHR Price & Volume

Cheer Holding, Inc. (CHR) stock price & volume — 10-year historical chart

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CHR Growth Metrics

Cheer Holding, Inc. (CHR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years3.76%
3 Years-1.78%
TTM999.18%

Profit CAGR

10 Years-
5 Years-12.16%
3 Years-1.6%
TTM468.75%

EPS CAGR

10 Years-
5 Years-43.4%
3 Years-50.42%
TTM467.54%

Return on Capital

10 Years23.73%
5 Years14.48%
3 Years9.79%
Last Year7.77%

CHR Peer Comparison

Cheer Holding, Inc. (CHR) competitors in Digital ad platforms and programmatic — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GOTU logoGOTUGaotu Techedu Inc.Direct Competitor759.78M1.97-4.8755.99%-6.4%-21.76%0.25
COE logoCOE51Talk Online Education GroupDirect Competitor2.51M26.00-0.3686.98%-13.42%
FEDU logoFEDUFour Seasons Education (Cayman) Inc.Direct Competitor2.23M10.5018.84100.15%0.32%0.16%0.19
EDU logoEDUNew Oriental Education & Technology Group Inc.Product Competitor8.96B56.3024.4813.6%7.37%9.09%0.20
TAL logoTALTAL Education GroupProduct Competitor773.5M11.449.0851.22%6.45%4.72%0.09
DAO logoDAOYoudao, Inc.Product Competitor362.86M11.603.56%1.82%
AMBO logoAMBOAmbow Education Holding Ltd.Product Competitor308.5K2.164.60-86.19%20.72%71.03%0.79
BIDU logoBIDUBaidu, Inc.Supply Chain49.17B140.5914.54-1.09%6.9%3.13%0.28

Compare CHR vs Peers

Cheer Holding, Inc. (CHR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GOTU

Most directly comparable listed peer for CHR.

Scale Benchmark

vs BIDU

Larger-name benchmark to compare CHR against a more recognizable public peer.

Peer Set

Compare Top 5

vs GOTU, COE, FEDU, EDU

CHR Income Statement

Cheer Holding, Inc. (CHR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue33.24M57.8M65.78M123.76M153.01M157.08M152.33M147.2M148.84M310.53M
Revenue Growth %-73.91%13.8%88.16%23.63%2.66%-3.03%-3.37%1.11%999.18%
Cost of Goods Sold19.44M37.35M31.9M38.48M34.94M40.58M39.55M39.39M43.21M84.43M
COGS % of Revenue58.5%64.62%48.5%31.09%22.84%25.83%25.96%26.76%29.03%-
Gross Profit
13.79M▲ 0%
20.45M▲ 48.2%
33.88M▲ 65.7%
85.28M▲ 151.7%
118.07M▲ 38.4%
116.5M▼ 1.3%
112.78M▼ 3.2%
107.81M▼ 4.4%
105.63M▼ 2.0%
226.09M▲ 0%
Gross Margin %41.5%35.38%51.5%68.91%77.16%74.17%74.04%73.24%70.97%72.81%
Gross Profit Growth %-48.25%65.66%151.75%38.44%-1.33%-3.19%-4.41%-2.02%-
Operating Expenses3.52M6.97M7.04M54.61M81.78M89.77M83.49M82.22M79.34M168.95M
OpEx % of Revenue10.59%12.05%10.7%44.13%53.45%57.15%54.81%55.85%53.31%-
Selling, General & Admin3.35M6.46M6.29M53.92M80.86M88.44M81.86M78.79M74.17M165.15M
SG&A % of Revenue10.09%11.18%9.56%43.57%52.85%56.3%53.74%53.53%49.83%-
Research & Development166K502K749K691K920K1.33M1.64M3.43M5.17M3.79M
R&D % of Revenue0.5%0.87%1.14%0.56%0.6%0.85%1.07%2.33%3.48%-
Other Operating Expenses0000000000
Operating Income
10.27M▲ 0%
-276.97K▼ 102.7%
26.84M▲ 9790.2%
30.67M▲ 14.3%
36.29M▲ 18.3%
26.73M▼ 26.3%
29.29M▲ 9.6%
25.59M▼ 12.6%
26.29M▲ 2.7%
57.15M▲ 0%
Operating Margin %30.91%-0.48%40.8%24.78%23.72%17.01%19.23%17.39%17.66%18.4%
Operating Income Growth %--102.7%9790.22%14.27%18.32%-26.35%9.57%-12.61%2.72%-
EBITDA10.43M1.61M27.89M34.03M38.8M30.06M33.06M29.41M33.29M62.67M
EBITDA Margin %31.38%2.78%42.4%27.49%25.36%19.14%21.71%19.98%22.37%20.18%
EBITDA Growth %--84.57%1633.35%21.99%14.04%-22.52%9.98%-11.04%13.18%339.59%
D&A (Non-Cash Add-back)156K01.05M3.36M2.52M3.34M3.78M3.82M7M5.52M
EBIT10.27M1.61M26.89M50.91M36.84M26.73M29.29M25.59M26.29M58.43M
Net Interest Income-45K-497K-295K-282K-513K-93K3K262K69K193K
Interest Income0000003K262K69K255K
Interest Expense45K497K295K282K513K93K00062K
Other Income/Expense-45K1.89M-245K19.96M41K127K1.3M342K-594K1.77M
Pretax Income
10.23M▲ 0%
1.61M▼ 84.3%
26.59M▲ 1552.7%
50.63M▲ 90.4%
36.33M▼ 28.3%
26.85M▼ 26.1%
30.59M▲ 13.9%
25.93M▼ 15.2%
25.69M▼ 0.9%
58.92M▲ 0%
Pretax Margin %30.78%2.78%40.43%40.91%23.74%17.1%20.08%17.62%17.26%18.97%
Income Tax-789K241K191K1.67M976K413K61K-34K73K-58K
Effective Tax Rate %-7.71%14.98%0.72%3.3%2.69%1.54%0.2%-0.13%0.28%-0.1%
Net Income
11.02M▲ 0%
12.9M▲ 17.1%
26.32M▲ 104.0%
48.99M▲ 86.1%
35.29M▼ 28.0%
26.89M▼ 23.8%
30.48M▲ 13.3%
25.97M▼ 14.8%
25.62M▼ 1.3%
58.98M▲ 0%
Net Margin %33.15%22.32%40.02%39.58%23.06%17.12%20.01%17.64%17.21%18.99%
Net Income Growth %-17.11%104.01%86.11%-27.97%-23.8%13.34%-14.8%-1.34%468.75%
Net Income (Continuing)11.02M13.05M26.4M48.96M35.35M26.44M30.53M25.97M25.62M58.98M
Discontinued Operations0000000000
Minority Interest00475K471K553K75K78K77K85K77K
EPS (Diluted)
110.50▲ 0%
26.00▼ 76.5%
283.00▲ 988.5%
414.50▲ 46.5%
270.00▼ 34.9%
197.50▼ 26.9%
176.50▼ 10.6%
125.50▼ 28.9%
24.07▼ 80.8%
293.15▲ 0%
EPS Growth %--76.47%988.46%46.47%-34.86%-26.85%-10.63%-28.9%-80.82%467.54%
EPS (Basic)110.5026.00319.50455.00270.00197.50176.50125.5024.07-
Diluted Shares Outstanding99.54K62.29K92.97K118.25K130.76K136.25K172.75K206.54K1.06M201.18K
Basic Shares Outstanding99.54K62.29K82.41K107.69K130.76K136.25K172.75K206.54K1.06M201.18K
Dividend Payout Ratio----------

CHR Balance Sheet

Cheer Holding, Inc. (CHR) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets25.55M526.89K60.48M103.12M153.54M183.84M306.87M305.57M366.58M314M
Cash & Short-Term Investments5.19M406.99K6.92M19.46M77.3M70.48M194.53M197.66M242.08M186.38M
Cash Only5.19M406.99K6.92M17.73M77.3M70.48M194.23M197.66M242.08M186.09M
Short-Term Investments0001.73M00298K00291K
Accounts Receivable6.92M35.55M51.06M81.11M63.13M98.03M81.17M77.07M79.68M79.82M
Days Sales Outstanding76.04224.47283.34239.21150.6227.8194.5191.12195.4195.85
Inventory000000000-47.76M
Days Inventory Outstanding----------21.81
Other Current Assets584K-35.55M2.45M0015.33M31.18M38K44.82M47.8M
Total Non-Current Assets6.18M251.89M19.23M40.28M41.63M22.12M20.76M41.02M35.11M19.24M
Property, Plant & Equipment730K02.36M1.94M1.54M910K462K404K278K447K
Fixed Asset Turnover45.53x-27.90x63.80x99.36x172.61x329.71x364.35x535.38x491.54x
Goodwill0000000000
Intangible Assets0014.68M15.63M16.72M20.3M20.25M40.53M34.73M18.18M
Long-Term Investments0251.89M257.52M000-20.55M00-38.73M
Other Non-Current Assets4.64M-18K-255.86M21.95M23.32M808K20.55M16K94K40.08M
Total Assets
31.73M▲ 0%
252.41M▲ 695.5%
79.71M▼ 68.4%
143.4M▲ 79.9%
195.17M▲ 36.1%
205.96M▲ 5.5%
327.63M▲ 59.1%
346.59M▲ 5.8%
401.69M▲ 15.9%
333.24M▲ 0%
Asset Turnover1.05x0.23x0.83x0.86x0.78x0.76x0.46x0.42x0.37x1.10x
Asset Growth %-695.5%-68.42%79.9%36.11%5.53%59.07%5.79%15.9%84.21%
Total Current Liabilities19.99M21.25M15.74M35.36M34.56M32.9M46.22M39.9M31.79M45.48M
Accounts Payable25K806K4.55M7.89M12.88M6.41M9.6M2.04M2.74M2.67M
Days Payables Outstanding0.477.8852.0174.81134.5157.6188.5918.8923.1825.58
Short-Term Debt1.99M13.64M2.87M7.79M5M4.42M4.22M9.59M9.31M6.88M
Deferred Revenue (Current)996K245K610K609K536K147K130K27K1K529K
Other Current Liabilities006.92M17.9M15.52M030.71M24.58M17.02M144K
Current Ratio1.28x0.02x3.84x2.92x4.44x5.59x6.64x7.66x11.53x11.53x
Quick Ratio1.28x0.02x3.84x2.92x4.44x5.59x6.64x7.66x11.53x11.53x
Cash Conversion Cycle---------48.46
Total Non-Current Liabilities09.03M1.72M3.59M1.15M557K1.41M1.62M134K1.62M
Long-Term Debt0001.37M001.41M1.37M01.38M
Capital Lease Obligations001.72M1.39M1.13M471K0250K134K903K
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities09.03M0833K24K86K00093K
Total Liabilities19.99M23.79K17.45M38.95M35.71M33.46M47.63M41.52M31.92M47.09M
Total Debt1.99M13.64M4.9M10.93M6.42M5.1M5.95M11.32M9.45M8.64M
Net Debt-3.2M-406.99K-2.02M-6.8M-70.89M-65.38M-188.27M-186.34M-232.63M-177.74M
Debt / Equity0.17x0.05x0.08x0.10x0.04x0.03x0.02x0.04x0.03x0.03x
Debt / EBITDA0.19x8.47x0.18x0.32x0.17x0.17x0.18x0.38x0.28x0.14x
Net Debt / EBITDA-0.31x-0.25x-0.07x-0.20x-1.83x-2.17x-5.69x-6.34x-6.99x-6.99x
Interest Coverage228.31x3.24x91.15x180.55x71.81x287.38x---942.39x
Total Equity
11.74M▲ 0%
252.39M▲ 2050.4%
62.26M▼ 75.3%
104.45M▲ 67.8%
159.46M▲ 52.7%
172.5M▲ 8.2%
280.01M▲ 62.3%
305.07M▲ 9.0%
369.77M▲ 21.2%
286.15M▲ 0%
Equity Growth %-2050.37%-75.33%67.77%52.67%8.18%62.32%8.95%21.21%85.21%
Book Value per Share117.924051.65669.65883.261219.501266.101620.881477.02347.381422.37
Total Shareholders' Equity11.74M252.39M61.78M103.98M158.91M172.43M279.93M304.99M369.68M286.07M
Common Stock20K247.39M4K6K7K7K10K10K234K10K
Retained Earnings10.68M1.61M49.55M89.27M123.98M150.69M181.16M207.13M232.75M193.58M
Treasury Stock0000000000
Accumulated OCI789K0-1.15M5.54M9.29M-5.27M-7.46M-15.63M-1.03M-14.31M
Minority Interest00475K471K553K75K78K77K85K77K

CHR Cash Flow Statement

Cheer Holding, Inc. (CHR) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations-11.29M-373.07K26.09M8.74M46.45M7.74M42.17M22.88M17.94M17.94M
Operating CF Margin %-33.97%-0.65%39.67%7.06%30.36%4.93%27.69%15.54%12.05%-
Operating CF Growth %-96.7%7093.9%-66.5%431.46%-83.34%444.95%-45.76%-21.58%-185.72%
Net Income11.02M1.61M26.32M48.99M35.29M26.89M30.48M25.97M25.62M58.98M
Depreciation & Amortization156K01.05M3.36M2.52M3.34M3.78M3.82M7M5.47M
Stock-Based Compensation0007.16M185K391K01.75M00
Deferred Taxes-789K0190K-181K713K-53K63K-33K73K0
Other Non-Cash Items649K-1.89M268K-20.79M-934K129K2.19M-147K1.68M9.36M
Working Capital Changes-22.33M-96.1K-1.74M-29.8M8.69M-22.96M5.66M-8.48M-16.44M0
Change in Receivables-10.88M0-12.71M-24.04M19.9M-42.1M15.21M1.92M1.54M0
Change in Inventory0000000000
Change in Payables-327K03.92M2.83M4.75M-5.58M3.33M-7.4M599K0
Cash from Investing-862K-250M-15.32M-4.42M-1.05M-7.99M-3K-24.86M-709K-7.61M
Capital Expenditures-862K-153K-15.32M-2.78M-2.79M-7.99M-3K-1K-709K-7.97M
CapEx % of Revenue2.59%0.26%23.29%2.25%1.82%5.09%0%0%0.48%-
Acquisitions0000-12K00000
Investments----------
Other Investing0153K00-12K00-24.86M0358K
Cash from Financing17.08M250.78M-6.22M5.38M13.29M508K82.02M10.55M17.82M84.66M
Debt Issued (Net)18.14M10.36M-9.41M5.5M-1.94M-148K2.87M5.56M-3.22M0
Equity Issued (Net)09.41M0015.29M080M021.04M0
Dividends Paid0000000000
Share Repurchases0000000000
Other Financing-1.07M231.01M3.19M-123K-68K656K-849K4.99M084.66M
Net Change in Cash
5.12M▲ 0%
406.99K▼ 92.1%
6.51M▲ 1500.0%
10.81M▲ 66.0%
59.57M▲ 451.0%
-6.82M▼ 111.4%
124.04M▲ 1918.8%
3.13M▼ 97.5%
44.42M▲ 1317.0%
141.6M▲ 0%
Free Cash Flow
-12.15M▲ 0%
-373.07K▲ 96.9%
10.77M▲ 2987.9%
5.96M▼ 44.7%
43.66M▲ 632.6%
-250K▼ 100.6%
42.17M▲ 16968.4%
-1.99M▼ 104.7%
17.94M▲ 1002.8%
65.83M▲ 0%
FCF Margin %-36.57%-0.65%16.38%4.82%28.54%-0.16%27.68%-1.35%12.05%21.2%
FCF Growth %-96.93%2987.95%-44.68%632.63%-100.57%16968.4%-104.71%1002.82%2671.75%
FCF per Share-122.11-5.99115.8950.40333.93-1.83244.12-9.6216.8516.85
FCF Conversion (FCF/Net Income)-1.02x-0.03x0.99x0.18x1.32x0.29x1.38x0.88x0.70x1.12x
Interest Paid8K000000325K00
Taxes Paid0000000000

CHR Key Ratios

Cheer Holding, Inc. (CHR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025TTM
Return on Equity (ROE)9.77%16.73%58.78%26.74%16.2%13.47%8.88%7.59%24.28%
Return on Invested Capital (ROIC)-0.15%12.35%29.14%29.23%20.48%22.09%18.24%15.41%15.41%
Gross Margin35.38%51.5%68.91%77.16%74.17%74.04%73.24%70.97%72.81%
Net Margin22.32%40.02%39.58%23.06%17.12%20.01%17.64%17.21%18.99%
Debt / Equity0.05x0.08x0.10x0.04x0.03x0.02x0.04x0.03x0.03x
Interest Coverage3.24x91.15x180.55x71.81x287.38x---942.39x
FCF Conversion-0.03x0.99x0.18x1.32x0.29x1.38x0.88x0.70x1.12x
Revenue Growth73.91%13.8%88.16%23.63%2.66%-3.03%-3.37%1.11%999.18%

CHR Frequently Asked Questions

Cheer Holding, Inc. (CHR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Cheer Holding, Inc. (CHR) reported $310.5M in revenue for fiscal year 2025. This represents a 834% increase from $33.2M in 2017.

Cheer Holding, Inc. (CHR) grew revenue by 1.1% over the past year. Growth has been modest.

Yes, Cheer Holding, Inc. (CHR) is profitable, generating $59.0M in net income for fiscal year 2025 (17.2% net margin).

Dividend & Returns

Cheer Holding, Inc. (CHR) has a return on equity (ROE) of 7.6%. This is below average, suggesting room for improvement.

Cheer Holding, Inc. (CHR) generated $65.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More CHR

Cheer Holding, Inc. (CHR) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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