Overview
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- TickerYIBO on Nasdaq1
- IndustryComputer Peripheral Equipment, NEC1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business addressNo. 756 Guangfu Road, Hi-Tech Development Zone, Xinyu City, Jiangxi Province3
- Filer categoryNon-accelerated filer, Emerging growth company3
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July 2019 to March 2020, in anticipation of our initial public offering, we completed a series of reorganizational steps.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Offline Sales To Dealers brought in 47% of the revenue Planet Image International Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Offline Sales To Dealers | $84.9M | $85.9M | $72.9M |
| Offline Sales To ODMCustomers | $54.0M | $51.1M | $67.1M |
| Online Sales To Retail Customers | $11.4M | $12.9M | $15.2M |
Regions
North America brought in 56% of the revenue Planet Image International Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| North America | $89.7M | $90.0M | $86.8M |
| Europe | $53.0M | $48.4M | $47.0M |
| Asia | $6.2M | $9.8M | $18.6M |
| Others | $1.4M | $1.7M | $2.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue71¢$109.6M
- Research and development6¢$9.8M
- Other costs22¢$33.7M
- Income tax1¢$2.2M
Out of $155.2M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net revenues | $155.2M | $149.8M | $150.2M |
| Cost of revenues | -$109.6M | -$97.5M | -$91.3M |
| Gross profit | $45.7M | $52.3M | $59.0M |
| Selling expenses | -$35.0M | -$30.8M | -$30.6M |
| General and administrative expenses | -$12.2M | -$8.3M | -$9.0M |
| Research and development expenses | -$9.8M | -$6.2M | -$6.6M |
| Total operating expenses | -$57.0M | -$45.4M | -$46.2M |
| Income/(loss) from operations | -$11.3M | $6.9M | $12.7M |
| Other non-operating income, net | $2.5M | $2.0M | $819.0K |
| Gain from disposal of subsidiaries | $734.0K | ||
| Government subsidy | $496.0K | $901.0K | $505.0K |
| Fair value loss on derivative instruments | -$14.0K | -$799.0K | -$5.1M |
| Foreign exchange gain/(loss) | $1.3M | -$1.3M | $212.0K |
| Interest (expense)/ income, net | $279.0K | -$175.0K | -$540.0K |
| Total other (expenses)/income, net | $5.3M | $632.0K | -$4.1M |
| Income/(loss) before income tax expense | -$6.1M | $7.5M | $8.6M |
| Income tax expense | -$2.2M | -$414.0K | -$840.0K |
| Net income/(loss) | -$8.3M | $7.1M | $7.8M |
| Foreign currency translation adjustment | $625.0K | $88.0K | $274.0K |
| Total comprehensive income/(loss) | -$7.6M | $7.2M | $8.0M |
| Basic (in Dollars per share) | -$0.14 | $0.13 | $0.18 |
| Diluted (in Dollars per share) | -$0.14 | $0.13 | $0.18 |
| Basic (in Shares) | 57.0M shares | 52.9M shares | 42.1M shares |
| Diluted (in Shares) | 57.0M shares | 52.9M shares | 42.1M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $52.9M | $43.0M | $45.1M |
| Restricted cash | $1.0M | $2.9M | $19.0M |
| Short-term investments | $1.5M | $6.5M | |
| Accounts receivable, net | $50.6M | $31.6M | |
| Inventories, net | $14.6M | $20.6M | |
| Prepaid expenses and other current assets | $6.5M | $10.9M | |
| Total current assets | $127.1M | $115.5M | |
| Property, plant and equipment, net | $7.9M | $8.2M | |
| Right-of-use assets, net | $8.6M | $3.2M | |
| Deferred tax assets, net | $1.5M | ||
| Long-term investments | $10.5M | $10.3M | |
| Other non-current assets | $75.0K | $151.0K | |
| Total non-current assets | $27.0M | $23.4M | |
| TOTAL ASSETS | $154.1M | $138.9M | |
| Short-term borrowings | $21.9M | $23.4M | |
| Current portion of a long-term borrowing | $143.0K | ||
| Accounts payable | $27.2M | $26.1M | |
| Bank acceptance notes payable | $15.1M | $13.8M | |
| Accrued expenses and other current liabilities | $11.7M | $13.2M | |
| Derivative liabilities | $26.0K | ||
| Operating lease liabilities current | $2.0M | $1.0M | |
| Taxes payable | $2.6M | $2.2M | |
| Total current liabilities | $80.7M | $79.9M | |
| Operating lease liabilities non-current | $6.9M | $2.2M | |
| Deferred tax liabilities, net | $248.0K | ||
| Long-term borrowings | $8.3M | ||
| Total noncurrent liabilities | $15.5M | $2.2M | |
| TOTAL LIABILITIES | $96.2M | $82.0M | |
| Additional paid-in capital | $26.1M | $17.4M | |
| Statutory reserve | $3.2M | $3.2M | |
| Retained earnings | $24.9M | $33.1M | |
| Accumulated other comprehensive income | $3.8M | $3.1M | |
| Total shareholders equity | $57.9M | $56.9M | $33.1M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $154.1M | $138.9M | |
| Preferred shares, par value (in Dollars per share) | 0.00 HKD | 0.00 HKD | |
| Preferred stock, shares authorized (in Shares) | 800.0M shares | 800.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $52.9M | $43.0M | $45.1M |
| Restricted cash | $1.0M | $2.9M | $19.0M |
| Short-term investments | $1.5M | $6.5M | |
| Accounts receivable, net | $50.6M | $31.6M | |
| Inventories, net | $14.6M | $20.6M | |
| Prepaid expenses and other current assets | $6.5M | $10.9M | |
| Total current assets | $127.1M | $115.5M | |
| Property, plant and equipment, net | $7.9M | $8.2M | |
| Right-of-use assets, net | $8.6M | $3.2M | |
| Deferred tax assets, net | $1.5M | ||
| Long-term investments | $10.5M | $10.3M | |
| Other non-current assets | $75.0K | $151.0K | |
| Total non-current assets | $27.0M | $23.4M | |
| TOTAL ASSETS | $154.1M | $138.9M | |
| Short-term borrowings | $21.9M | $23.4M | |
| Current portion of a long-term borrowing | $143.0K | ||
| Accounts payable | $27.2M | $26.1M | |
| Bank acceptance notes payable | $15.1M | $13.8M | |
| Accrued expenses and other current liabilities | $11.7M | $13.2M | |
| Derivative liabilities | $26.0K | ||
| Operating lease liabilities current | $2.0M | $1.0M | |
| Taxes payable | $2.6M | $2.2M | |
| Total current liabilities | $80.7M | $79.9M | |
| Operating lease liabilities non-current | $6.9M | $2.2M | |
| Deferred tax liabilities, net | $248.0K | ||
| Long-term borrowings | $8.3M | ||
| Total noncurrent liabilities | $15.5M | $2.2M | |
| TOTAL LIABILITIES | $96.2M | $82.0M | |
| Additional paid-in capital | $26.1M | $17.4M | |
| Statutory reserve | $3.2M | $3.2M | |
| Retained earnings | $24.9M | $33.1M | |
| Accumulated other comprehensive income | $3.8M | $3.1M | |
| Total shareholders equity | $57.9M | $56.9M | $33.1M |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $154.1M | $138.9M | |
| Preferred shares, par value (in Dollars per share) | 0.00 HKD | 0.00 HKD | |
| Preferred stock, shares authorized (in Shares) | 800.0M shares | 800.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income/(loss) | -$8.3M | $7.1M | $7.8M |
| Change in allowance for credit losses | $613.0K | $120.0K | -$13.0K |
| Provision for inventory reserve | $415.0K | $548.0K | $675.0K |
| Depreciation and amortization | $1.4M | $1.1M | $1.3M |
| Amortization of right-of-use assets | $2.0M | $1.3M | $1.2M |
| Loss from the disposal of property and equipment | $4.0K | $171.0K | $195.0K |
| Gain from the disposal of subsidiaries | -$734.0K | ||
| Unrealized exchange loss/(gain) | -$797.0K | $660.0K | |
| Share-based compensation | $8.6M | ||
| Fair value loss/(gain) on derivative instruments | -$26.0K | -$2.2M | $547.0K |
| Deferred income tax (benefits)/expense | $1.8M | -$492.0K | -$246.0K |
| Accounts receivable | -$17.4M | -$1.0M | -$6.4M |
| Inventories | $5.5M | -$3.6M | $2.8M |
| Prepaid expenses and other current assets | $4.1M | -$6.6M | $1.6M |
| Other non-current assets | $75.0K | $108.0K | $93.0K |
| Accounts payable | $1.0M | $3.0M | $5.2M |
| Notes payable | $1.3M | $473.0K | $1.4M |
| Amount due to related parties | -$100.0K | -$105.0K | $260.0K |
| Accrued expenses and other current liabilities | -$1.2M | -$1.5M | $1.6M |
| Operating lease liabilities | -$1.3M | -$1.4M | -$1.2M |
| Taxes payable | $442.0K | $296.0K | $1.1M |
| Net cash provided by/(used in) operating activities | -$2.4M | -$2.1M | $17.9M |
| Payments for acquisition of property, plant and equipment | -$825.0K | -$1.1M | -$995.0K |
| Purchase of short-term investments | -$1.4M | -$6.5M | |
| Net cash outflow from disposal of subsidiaries | -$414.0K | ||
| Proceeds from sales of short-term investments | $6.5M | ||
| Purchase of long-term investments | -$10.3M | ||
| Proceeds from disposal of property, plant and equipment | $7.0K | $2.0K | $8.0K |
| Net cash (used in)/provided by investing activities | $3.9M | -$17.9M | -$987.0K |
| Proceeds from bank loans | $40.4M | $30.7M | $32.0M |
| Repayments of bank loans | -$34.1M | -$33.1M | -$36.2M |
| Contribution from controlling shareholder | $4.3M | ||
| Payments of offering costs | -$417.0K | -$479.0K | |
| Net cash (used in)/provided by financing activities | $6.3M | $1.5M | -$4.7M |
| Effect of exchange rate changes | $252.0K | $272.0K | -$711.0K |
| Net increase/(decrease) in cash and cash equivalents and restricted cash | $8.0M | -$18.3M | $11.5M |
| Cash paid for income tax | $197.0K | $553.0K | $120.0K |
| Cash paid for interest | $1.1M | $1.0M | $1.3M |
| Obtaining right-of-use assets in exchange for operating lease liabilities | $7.1M | $2.7M | $105.0K |
| Acquisition of property and equipment included in accounts payable | $46.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Planet Image International Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Planet Image International Ltd
- Juneng Investment (Hong Kong) Ltd Filed SCHEDULE 13G/A on Planet Image International Ltd, latest Jul 28, 2026 (2 filings since Jul 28, 2026)
- Planet Image International Ltd E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Planet Image International Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $19.2M2 Dec 31, 2025 | $18.2M2 Dec 31, 2024 | +5.1% |
| Accumulated depreciation | $11.3M2 Dec 31, 2025 | $10.0M2 Dec 31, 2024 | +12.6% |
| Property and equipment, net | $7.9M2 Dec 31, 2025 | $8.2M2 Dec 31, 2024 | −4.2% |
| Operating-lease assets (leased space) | $8.6M2 Dec 31, 2025 | $3.2M2 Dec 31, 2024 | +165.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $52.9M2 Dec 31, 2025 | $43.0M2 Dec 31, 2024 | +23.1% |
| Marketable securities, current | $1.5M2 Dec 31, 2025 | $6.5M2 Dec 31, 2024 | −76.8% |
| Long-term investments | $10.5M2 Dec 31, 2025 | $10.3M2 Dec 31, 2024 | +2.4% |
Inventory
Leadership
Who has led Planet Image International Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerShaofang Weng Mar 18, 2026 to now7
Board members and other officers (6)
- Vice PresidentQilong Yang Mar 18, 2026 to now8
- Vice PresidentZhisheng Cheng Mar 18, 2026 to now9
- Board memberFenglei Jiang Mar 18, 2026 to now10
- Board memberKwong Hun Tan Mar 18, 2026 to now11
- Board memberWeidong Gu Mar 18, 2026 to now12
- Board memberXinwei Xie Mar 18, 2026 to now13
Timeline
- Mar 18, 2026New chief executive Shaofang Weng becomes CEO7
Filings
74 filings to the SEC since October 2021: 3 annual reports, 8 insider forms, 2 large holders, 61 other. The latest 20:
- Sep 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 28, 2026SCHEDULE 13G/A EDGAR
- Jul 28, 2026SCHEDULE 13G EDGAR
- Apr 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 31, 202620-F ANNUAL REPORT EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Dec 31, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Dec 4, 20256-K CURRENT REPORT EDGAR
- Sep 16, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 4, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 3, 2025EFFECT EDGAR
- Jul 2, 2025CORRESP EDGAR
- Jun 9, 2025UPLOAD EDGAR
The 74 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Juneng Investment (Hong Kong) LtdSCHEDULE 13G/A, 2 filings Jul 28, 202614
SEC filer profile
How Planet Image International Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPlanet Image International Ltd1
- CIK0001868395
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)3577 Computer Peripheral Equipment, NEC1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business addressNo. 756 Guangfu Road, Hi-Tech Development Zone, Xinyu City, Jiangxi Province, China1
- Phone86-0790-71382161
- Shares outstanding32,918,421 Common Class A shares; 26,315,800 Common Class B shares as of Dec 31, 20254
- AuditorHTL International, LLC, Houston, TX PCAOB ID 7000; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceAug 30, 20211
- Filings76 in all: UPLOAD (13), 6-K (11), CORRESP (10), F-1/A (9), 3 (8), DRS/A (5), DRSLTR (5), 20-F (3)1
All 19 form types
EFFECT (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3 (1), FWP (1), S-8 (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Mar 31, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares, par value HK$0.0001 per share | YIBO | Nasdaq |
From the cover page of the 20-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARQilong Yang, Vice President
- 9SEC EDGARZhisheng Cheng, Vice President
- 10SEC EDGARFenglei Jiang, Board member
- 11SEC EDGARKwong Hun Tan, Board member
- 12SEC EDGARWeidong Gu, Board member
- 13SEC EDGARXinwei Xie, Board member
- 14