YALA on NYSE
Yalla Group Ltd
In its 2026 annual report (Form 20-F) the company says: “We are a Cayman Islands holding company and conduct our operations mainly through our operating subsidiaries in the UAE and China. We commenced our business and launched our Yalla mobile application in April 2016 through FYXTech Limited, or FYXTech BVI, which was established under the laws of the British Virgin Islands, and Shenzhen Yale Technology Co., Ltd, or Shenzhen Yale, which was established under the laws of the PRC.”5 It is headquartered in Dubai, United Arab Emirates.2 Its shares trade on NYSE under the symbol YALA.2
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Last updated Oct 20, 2026.
Overview
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- TickerYALA on NYSE2
- IndustryServices-Computer Programming, Data Processing, Etc.2
- HeadquartersDubai, United Arab Emirates2
- Incorporated inCayman Islands4
- Business address#226, Building 16, Dubai Internet City, Dubai, 5019134
- Filer categoryAccelerated filer4
- Legal formcompany limited by shares2
- LEI254900JO9GJYWVJTAX892
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O Vistra (Cayman) Limited, KY1-1205 George Town, Cayman Islands2
- Registered withGeneral Registry, OI-3327722
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We are a Cayman Islands holding company and conduct our operations mainly through our operating subsidiaries in the UAE and China. We commenced our business and launched our Yalla mobile application in April 2016 through FYXTech Limited, or FYXTech BVI, which was established under the laws of the British Virgin Islands, and Shenzhen Yale Technology Co., Ltd, or Shenzhen Yale, which was established under the laws of the PRC.5 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
Group Chatting Services brought in 63% of the revenue Yalla Group Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Group Chatting Services | $211.8M | $225.4M | $216.4M |
| Games Services | $106.7M | $113.6M | $124.0M |
| Product and Service, Other | $374.5K | $668.9K | $1.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue33¢$111.9M
- Research and development10¢$34.3M
- Other costs13¢$43.6M
- Income tax1¢$4.0M
- Profit43¢$148.1M
Out of $341.9M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$2.0M
- Share buybacks41¢$56.6M
- Kept or used elsewhere57¢$79.0M
Out of $137.5M of cash from operations.3
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $341.9M | $339.7M | $318.9M |
| Cost of revenues | -$111.9M | -$120.5M | -$114.5M |
| Selling and marketing expenses | -$34.6M | -$31.3M | -$45.4M |
| General and administrative expenses | -$39.0M | -$37.4M | -$36.8M |
| Technology and product development expenses | -$34.3M | -$29.0M | -$25.8M |
| Total costs and expenses | -$219.7M | -$218.3M | -$222.5M |
| Operating income | $122.2M | $121.4M | $96.4M |
| Interest income | $25.7M | $28.7M | $19.8M |
| Government grants | $931.4K | $800.2K | $337.4K |
| Investment income (loss) | $3.3M | -$2.8M | $1.7M |
| Impairment loss of investments | $0 | $0 | -$2.5M |
| Income before income taxes | $152.1M | $148.1M | $115.7M |
| Income tax expense | -$4.0M | -$13.9M | -$2.7M |
| Net income | $148.1M | $134.2M | $113.1M |
| Net loss attributable to non-controlling interests | $1.7M | $1.5M | $4.3M |
| Net income attributable to Yalla Group Limited's shareholders | $149.8M | $135.7M | $117.3M |
| -Basic | $0.96 | $0.85 | $0.74 |
| -Diluted | $0.83 | $0.74 | $0.65 |
| -Basic | 156.0M shares | 160.4M shares | 159.3M shares |
| -Diluted | 180.1M shares | 183.2M shares | 181.8M shares |
| Foreign currency translation adjustments, net of nil income taxes | $1.4M | -$676.0K | -$657.0K |
| Other comprehensive (loss) income, net of income taxes | $1.4M | -$676.0K | -$657.0K |
| Comprehensive income | $149.5M | $133.5M | $112.4M |
| Less: comprehensive loss attributable to non-controlling interests | $1.7M | $1.5M | $4.3M |
| Comprehensive income attributable to Yalla Group Limited's shareholders | $151.2M | $135.0M | $116.7M |
| Tax on foreign currency translation adjustments | $0 | $0 | $0 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $527.0M | $488.4M | $311.9M | ||
| Restricted cash | $1.6M | $2.0M | $423.6K | ||
| Term deposits | $84.8M | $95.0M | |||
| Short-term investments | $141.3M | $70.9M | |||
| Prepayments and other current assets | $41.7M | $35.4M | |||
| Total current assets | $796.3M | $691.7M | |||
| Property and equipment, net | $15.0M | $14.0M | |||
| Intangible asset, net | $728.3K | $896.0K | |||
| Operating lease right-of-use assets | $1.9M | $1.4M | |||
| Long-term investments | $82.1M | $93.7M | |||
| Other assets | $250.0K | $0 | |||
| Total non-current assets | $99.9M | $109.9M | |||
| Total assets | $896.2M | $801.6M | |||
| Accounts payable | $1.1M | $957.7K | |||
| Deferred revenue, current | $55.2M | $58.1M | |||
| Operating lease liabilities, current | $357.5K | $1.0M | |||
| Amounts due to a related party | $44.2K | $87.2K | |||
| Income taxes payable | $1.3M | $9.1M | |||
| Accrued expenses and other current liabilities | $30.4M | $32.4M | |||
| Total current liabilities | $88.3M | $101.7M | |||
| Deferred revenue, non-current | $1.8M | ||||
| Operating lease liabilities, non-current | $1.1M | $13.5K | |||
| Deferred income tax liabilities | $2.9M | $2.1M | |||
| Total non-current liabilities | $5.9M | $2.2M | |||
| Total liabilities | $94.2M | $103.8M | |||
| Additional paid-in capital | $339.2M | $328.9M | |||
| Treasury stock | -$42.5M | -$49.4M | |||
| Accumulated other comprehensive loss | -$1.6M | -$3.0M | |||
| Retained earnings | $515.2M | $427.9M | |||
| Total shareholders' equity of Yalla Group Limited | $810.3M | $704.4M | |||
| Non-controlling interests | -$8.2M | -$6.5M | |||
| Total equity | $802.0M | $697.8M | $562.7M | $439.9M | |
| Total liabilities and equity | $896.2M | $801.6M | |||
| Ordinary shares, shares authorized | 500.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $527.0M | $488.4M | $311.9M | ||
| Restricted cash | $1.6M | $2.0M | $423.6K | ||
| Term deposits | $84.8M | $95.0M | |||
| Short-term investments | $141.3M | $70.9M | |||
| Prepayments and other current assets | $41.7M | $35.4M | |||
| Total current assets | $796.3M | $691.7M | |||
| Property and equipment, net | $15.0M | $14.0M | |||
| Intangible asset, net | $728.3K | $896.0K | |||
| Operating lease right-of-use assets | $1.9M | $1.4M | |||
| Long-term investments | $82.1M | $93.7M | |||
| Other assets | $250.0K | $0 | |||
| Total non-current assets | $99.9M | $109.9M | |||
| Total assets | $896.2M | $801.6M | |||
| Accounts payable | $1.1M | $957.7K | |||
| Deferred revenue, current | $55.2M | $58.1M | |||
| Operating lease liabilities, current | $357.5K | $1.0M | |||
| Amounts due to a related party | $44.2K | $87.2K | |||
| Income taxes payable | $1.3M | $9.1M | |||
| Accrued expenses and other current liabilities | $30.4M | $32.4M | |||
| Total current liabilities | $88.3M | $101.7M | |||
| Deferred revenue, non-current | $1.8M | ||||
| Operating lease liabilities, non-current | $1.1M | $13.5K | |||
| Deferred income tax liabilities | $2.9M | $2.1M | |||
| Total non-current liabilities | $5.9M | $2.2M | |||
| Total liabilities | $94.2M | $103.8M | |||
| Additional paid-in capital | $339.2M | $328.9M | |||
| Treasury stock | -$42.5M | -$49.4M | |||
| Accumulated other comprehensive loss | -$1.6M | -$3.0M | |||
| Retained earnings | $515.2M | $427.9M | |||
| Total shareholders' equity of Yalla Group Limited | $810.3M | $704.4M | |||
| Non-controlling interests | -$8.2M | -$6.5M | |||
| Total equity | $802.0M | $697.8M | $562.7M | $439.9M | |
| Total liabilities and equity | $896.2M | $801.6M | |||
| Ordinary shares, shares authorized | 500.0M 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.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $148.1M | $134.2M | $113.1M |
| Depreciation | $1.5M | $1.1M | $1.8M |
| Amortization | $273.0K | $266.6K | $262.5K |
| Reduction in the carrying amount of operating lease right-of-use assets | $1.2M | $1.1M | $1.3M |
| Loss (gain) on disposal of property and equipment | -$18.4K | -$63.1K | $5.2K |
| Investment (income) loss | -$3.3M | $2.8M | -$1.7M |
| Interest income of held-to-maturity debt securities | -$2.4M | -$2.9M | -$363.7K |
| Impairment loss of investments | $0 | $0 | $2.5M |
| Share-based compensation | $10.3M | $14.7M | $17.9M |
| Deferred income tax expense | $776.1K | $2.1M | |
| Prepayments and other current assets | -$6.5M | -$6.0M | -$6.3M |
| Amount due from a related party | $109.5K | -$109.5K | |
| Other assets | -$250.0K | $2.4M | |
| Amounts due to a related party | -$43.0K | $87.2K | -$692.6K |
| Accounts payable | $108.9K | $29.7K | -$4.5M |
| Deferred revenue | -$1.1M | $11.5M | $10.6M |
| Income taxes payable | -$7.8M | $8.2M | -$19.9K |
| Accrued expenses and other current liabilities | -$2.2M | $6.8M | $4.3M |
| Operating lease liabilities | -$1.3M | -$1.1M | -$1.3M |
| Net cash provided by operating activities | $137.5M | $172.8M | $139.3M |
| Purchase of property and equipment | -$2.0M | -$705.9K | -$1.3M |
| Proceeds from disposal of property and equipment | $38.0K | $117.7K | $14.6K |
| Purchase of intangible asset | -$105.3K | -$29.8K | -$67.8K |
| Prepayments of purchase of property and equipment | -$240.4K | -$107.9K | -$305.4K |
| Purchases of short-term investments | -$277.7M | -$28.3M | -$100.6M |
| Proceeds from maturity of short-term investments | $238.4M | $18.9M | $117.7M |
| Purchase of term deposits | -$197.8M | -$181.9M | -$292.0M |
| Proceeds from maturity of term deposits | $208.0M | $304.2M | $100.5M |
| Purchase of long-term investments | -$13.7M | -$93.5M | -$50.1M |
| Net cash (used in) provided by investing activities | -$45.1M | $18.6M | -$226.1M |
| Proceeds from exercise of share options | $1.1M | $1.1M | $945.9K |
| Repurchase of ordinary shares | -$56.6M | -$13.9M | -$8.5M |
| Contributions from non-controlling interests | $13.1K | ||
| Net cash used in financing activities | -$55.5M | -$12.8M | -$7.6M |
| Effect of foreign currency exchange rate changes on cash and cash equivalents and restricted cash | $1.3M | -$524.6K | -$590.9K |
| Net (decrease) increase in cash and cash equivalents and restricted cash | $38.2M | $178.0M | -$94.9M |
| Operating lease right-of-use assets acquired in operating lease | $1.7M | $86.2K | $3.8M |
| Income taxes paid (i) | $11.0M | $3.6M | $2.7M |
No quarter-by-quarter statement was filed.
Corporate structure
Yalla Group 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 Yalla Group Ltd
- Jianfeng Xu Filed SCHEDULE 13G/A on Yalla Group Ltd, latest Aug 14, 2026 (4 filings since Feb 10, 2022)
- Tao Yang Filed SCHEDULE 13G/A on Yalla Group Ltd, latest Aug 14, 2026 (5 filings since Feb 10, 2022)
- AREO HOLDINGS LTD Filed SCHEDULE 13G/A on Yalla Group Ltd, latest Aug 6, 2025 (5 filings since Feb 8, 2022)
- Yalla Group Ltd Dubai, United Arab Emirates
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Yalla Group 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 | $18.1M3 Dec 31, 2025 | $15.6M3 Dec 31, 2024 | +16.1% |
| Accumulated depreciation | $3.2M3 Dec 31, 2025 | $1.7M3 Dec 31, 2024 | +90.6% |
| Property and equipment, net | $15.0M3 Dec 31, 2025 | $14.0M3 Dec 31, 2024 | +7.3% |
| Operating-lease assets (leased space) | $1.9M3 Dec 31, 2025 | $1.4M3 Dec 31, 2024 | +38.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $527.0M3 Dec 31, 2025 | $488.4M3 Dec 31, 2024 | +7.9% |
| Marketable securities, current | $141.3M3 Dec 31, 2025 | $70.9M3 Dec 31, 2024 | +99.1% |
| Debt securities held to maturity | $135.4M3 Dec 31, 2025 | $51.7M3 Dec 31, 2024 | +161.7% |
| Long-term investments | $82.1M3 Dec 31, 2025 | $93.7M3 Dec 31, 2024 | −12.4% |
Leadership
Who has led Yalla Group Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerTao Yang Mar 18, 2026 to now11
- PresidentSaifi Ismail Mar 18, 2026 to now12
Board members and other officers (6)
- Board memberDavid Cui Mar 18, 2026 to now13
- Board memberLili Xu Mar 18, 2026 to now14
- Board memberMohamed Nasser Hussain Alghanim Mar 18, 2026 to now15
- Board memberSaeed Hamad Ibrahim Alhamli Alshamsi Mar 18, 2026 to now16
- Board memberSaifi Ismail Mar 18, 2026 to now12
- Board memberTao Yang Mar 18, 2026 to now11
Timeline
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/202617
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
71 filings to the SEC since October 2021: 5 annual reports, 8 insider forms, 14 large holders, 44 other. The latest 20:
- Aug 18, 20266-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- May 19, 20266-K EDGAR
- Apr 22, 202620-F 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
- Mar 10, 20266-K EDGAR
- Mar 10, 20266-K EDGAR
- Feb 10, 2026SCHEDULE 13G/A EDGAR
- Nov 12, 20256-K EDGAR
- Aug 13, 2025144 EDGAR
- Aug 12, 20256-K EDGAR
- Aug 6, 2025SCHEDULE 13G/A EDGAR
The 71 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.
- Jianfeng XuSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Aug 14, 202618
- Tao YangSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Aug 14, 202619
- AREO HOLDINGS LTDSCHEDULE 13G/A, 5 filings Feb 8, 2022 to Aug 6, 202520
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 71. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| FIL Ltd | 3,904,544 | $21.4M | 0.0% | +343,463 |
| Susquehanna International Group, Llp | 2,000,000 | $11.0M | 0.0% | No change |
| Arrowstreet Capital, Limited Partnership | 1,235,688 | $6.8M | 0.0% | −65,253 |
| Seizert Capital Partners, LLC | 1,069,979 | $5.9M | 0.2% | +331,735 |
| State Street Corp | 836,350 | $4.6M | 0.0% | −605,490 |
| Robeco Institutional Asset Management B.V. | 741,758 | $4.1M | 0.0% | −225,631 |
| Morgan Stanley | 722,060 | $4.0M | 0.0% | −11,820 |
| Bnp Paribas Financial Markets | 566,500 | $3.1M | 0.0% | −72,934 |
| Renaissance Technologies LLC | 334,500 | $1.8M | 0.0% | −43,000 |
| Barclays PLC | 295,783 | $1.6M | 0.0% | −905,132 |
| New York State Common Retirement Fund | 237,641 | $1.3M | 0.0% | +55,982 |
| Qube Research & Technologies Ltd | 183,803 | $1.0M | 0.0% | −150,880 |
| Wellington Management Group Llp | 164,844 | $905.0K | 0.0% | −5,850 |
| Russell Investments Group, Ltd. | 158,606 | $891.4K | 0.0% | +53,272 |
| Fmr LLC | 152,077 | $834.9K | 0.0% | +76,095 |
| Sei Investments Co | 145,471 | $798.6K | 0.0% | −15,750 |
| UBS Group AG | 137,226 | $753.4K | 0.0% | +49,339 |
| Credit Agricole S A | 120,000 | $658.8K | 0.0% | New |
| Jane Street Group, LLC | 113,813 | $624.8K | 0.0% | +94,765 |
| XTX Topco Ltd | 104,949 | $576.2K | 0.0% | +2,331 |
| Campbell & CO Investment Adviser LLC | 100,680 | $552.7K | 0.0% | +55,176 |
| E Fund Management (Hong Kong) Co., Ltd. | 96,323 | $528.8K | 0.2% | New |
| E Fund Management Co., Ltd. | 96,323 | $528.8K | 0.0% | New |
| Vident Advisory, LLC | 95,742 | $525.6K | 0.0% | −48,058 |
| Goldman Sachs Group Inc | 83,800 | $460.1K | 0.0% | +68,854 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Yalla Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARYalla Group Ltd1
- CIK0001794350
- Filer statusAccelerated filer not an emerging growth company; not a shell company5
- Incorporated inCayman Islands5
- Fiscal year endsDecember 311
- Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address#226, Building 16, Dubai Internet City, Dubai, Dubai 501913, United Arab Emirates1
- Mailing address18Th Floor, Huaye Development Center, No. 599, Jianye Road, Binjiang Distric, Hangzhou, Zhejiang Province 310000, China1
- Phone971-458773881
- Shares outstanding128,227,316 Common Class A shares; 24,734,013 Common Class B shares as of Dec 31, 20255
- AuditorKPMG Huazhen LLP, Beijing, China PCAOB ID 1186; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceApr 15, 20201
- Filings100 in all: 6-K (28), CORRESP (10), UPLOAD (10), SC 13G/A (9), 3 (8), 144 (7), 20-F (6), SCHEDULE 13G/A (5)1
All 19 form types
SC 13G (4), DRSLTR (3), DRS/A (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), F-1/A (1), S-8 (1)
- Latest filingsAnnual report (20-F) Apr 22, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| American Depositary Shares, each representing one Class A ordinary share | YALA | New York Stock Exchange |
| Class A ordinary shares, par value US$0.0001 per share* | New York Stock Exchange |
From the cover page of the 20-F filed Apr 22, 2026 (Section 12(b) of the Exchange Act).5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARYalla Group Ltd filings on SEC EDGAR
- 2
- 3SEC EDGARYalla Group Ltd 10-K for fiscal 2025
- 4SEC EDGARYalla Group Ltd filings on SEC EDGAR
- 5
- 6SEC EDGARYalla Group Ltd 10-K for fiscal 2018
- 7SEC EDGARYalla Group Ltd 10-K for fiscal 2019
- 8SEC EDGARYalla Group Ltd 10-K for fiscal 2020
- 9SEC EDGARYalla Group Ltd 10-K for fiscal 2021
- 10SEC EDGARYalla Group Ltd 10-K for fiscal 2022
- 11SEC EDGARTao Yang, Chief executive officer
- 12SEC EDGARSaifi Ismail, President
- 13SEC EDGARDavid Cui, Board member
- 14SEC EDGARLili Xu, Board member
- 15
- 16
- 17NasdaqNasdaq calendar
- 18
- 19
- 20