ZEPP on NYSE

Zepp Health

Zepp Health Corporation1

In its 2026 annual report (Form 20-F) the company says: “We are a global smart wearable and health technology leader.”6 It is headquartered in George Town, Cayman Islands.1

Price unavailable

Last updated Oct 20, 2026.

Overview

$258.9MRevenue, fiscal 20254
-$40.1MNet income, fiscal 20254

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  • TickerZEPP on NYSE1
  • IndustryElectronic Computers1
  • HeadquartersGeorge Town, Cayman Islands1
  • Incorporated inCayman Islands5
  • Business addressBuilding B2, Zhong'An Chuanggu, Technology Park No.900 Wangjiang West Rd, Hefei, 2300885
  • Filer categoryNon-accelerated filer5
  • Legal formexempt company3
  • LEI529900B5C2R4FTJCRN493
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressc/o MAPLES CORPORATE SERVICES LIMITED, P.O. Box 309, Ugland House, South Church Street, KY1-1104 George Town, Cayman Islands3
  • Registered withGeneral Registry, 2947423

We are a global smart wearable and health technology leader. Since our inception in 2013, we have established a strong global presence, particularly in Europe and the U.S. To date, we have shipped over 200 million units of smart wearable devices and served more than 53 million users in over 90 countries with device activation in more than 150 countries.6 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

38.3%Gross margin4
-11.3%Operating margin4
-15.5%Net margin4
41.8%Revenue growth, 20254
-18.7%Return on equity4
0.28×Debt to equity4
-$26.2MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Europe brought in 38% of the revenue Zepp Health broke down this way in fiscal 2025.

  1. Europe$110.3M438%up 47% from 2024
  2. Asia Pacific$91.5M431%up 21% from 2024
  3. North America$46.9M416%up 71% from 2024
  4. United States$43.6M415%up 60% from 2024
Regions by year
Regions202320242025
Europe$134.6M$74.9M$110.3M
Asia Pacific$181.0M$75.5M$91.5M
North America$33.1M$27.4M$46.9M
United States$27.2M$43.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue62¢$159.7M
  • Research and development18¢$45.3M
  • Other costs20¢$51.3M
  • Income tax1¢$2.5M

Out of $258.9M in revenue.4 The company lost money this year.

Financial statements

Revenue78910114$258.9M in 2025−51% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $530.2M$530.2M20182019: $834.9M$834.9M2019+57%2020: $986.0M$986.0M2020+18%2021: $980.8M$980.8M2021−1%2022: $613.6M$613.6M2022−37%2023: $352.9M$352.9M2023−42%2024: $182.6M$182.6M2024−48%2025: $258.9M$258.9M2025+42%
Gross profit78910114$99.2M in 2025−27% since 2018
0$100.0M$200.0M$300.0M2018: $136.6M$136.6M20182019: $210.8M$210.8M2019+54%2020: $204.2M$204.2M2020−3%2021: $204.9M$204.9M2021+0%2022: $118.9M$118.9M2022−42%2023: $92.4M$92.4M2023−22%2024: $70.2M$70.2M2024−24%2025: $99.2M$99.2M2025+41%
Operating income78910114-$29.2M in 2025
-$100.0M-$50.0M0$50.0M$100.0M2018: $53.2M$53.2M20182019: $87.1M$87.1M2019+64%2020: $26.7M$26.7M2020−69%2021: $14.7M$14.7M2021−45%2022: -$61.9M-$61.9M20222023: -$30.4M-$30.4M2023−51%2024: -$47.2M-$47.2M2024+55%2025: -$29.2M-$29.2M2025−38%
Net income78910114-$40.1M in 2025
-$100.0M-$50.0M0$50.0M$100.0M2018: $49.5M$49.5M20182019: $82.6M$82.6M2019+67%2020: $35.1M$35.1M2020−58%2021: $21.6M$21.6M2021−38%2022: -$43.2M-$43.2M20222023: -$31.0M-$31.0M2023−28%2024: -$75.7M-$75.7M2024+144%2025: -$40.1M-$40.1M2025−47%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Revenues (including US$92,046, US$11,002 and nil with related parties for the years ended December 31, 2023, 2024 and 2025, respectively)$258.9M$182.6M$352.9M
Cost of revenues (including US$82,237, US$9,426 and nil resulting from related parties sales for the years ended December 31, 2023, 2024 and 2025, respectively)$159.7M$112.4M$260.5M
Gross profit$99.2M$70.2M$92.4M
Selling and marketing$53.8M$46.5M$44.5M
General and administrative$29.3M$24.9M$26.8M
Research and development$45.3M$46.2M$51.5M
Total operating expenses$128.4M$117.5M$122.8M
Operating loss-$29.2M-$47.2M-$30.4M
Interest income$1.5M$3.7M$3.1M
Interest expenses-$5.7M-$5.6M-$6.8M
Realized gain from investments$109.0K
Gain from fair value change of long-term investments$76.0K$2.0M$213.0K
Impairment loss from investments-$2.2M-$10.1M-$313.0K
Other (expenses)/income, net$56.0K-$656.0K-$525.0K
Loss before income tax and loss from equity method investments-$35.5M-$57.9M-$34.6M
Income taxes benefits/(expenses)-$2.5M-$13.7M$2.4M
Loss before income/(loss) from equity method investments-$38.0M-$71.6M-$32.2M
Income/(loss) from equity method investments-$2.1M-$4.2M$1.1M
Net loss-$40.1M-$75.8M-$31.1M
Less: Net loss attributable to non-controlling interest-$75.0K-$66.0K
Net loss attributable to Zepp Health Corporation-$40.1M-$75.7M-$31.0M
Net loss attributable to ordinary shareholders of Zepp Health Corporation-$40.1M-$75.7M-$31.0M
Basic loss per ordinary share-$0.16-$0.29-$0.13
Diluted loss per ordinary share-$0.16-$0.29-$0.13
Ordinary share - basic254.4M shares258.9M shares243.1M shares
Ordinary share - diluted254.4M shares258.9M shares243.1M shares

Compare Zepp Health with another company

Corporate structure

Zepp Health sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Zepp Health

  • Point72 Asset Management, L.P. Filed SCHEDULE 13G/A on Zepp Health, latest Aug 14, 2026 (3 filings since Jul 18, 2025)
  • INTEGRATED CORE STRATEGIES (US) LLC Filed SCHEDULE 13G/A on Zepp Health, latest Aug 13, 2026 (2 filings since Nov 12, 2025)
  • Morgan Stanley Filed SCHEDULE 13G/A on Zepp Health, latest Aug 13, 2026 (3 filings since Jun 26, 2026)
  • FIL Ltd Filed SCHEDULE 13G/A on Zepp Health, latest Aug 6, 2026 (9 filings since Feb 9, 2022)
  • Allspring Global Investments Holdings, LLC Filed SCHEDULE 13G/A on Zepp Health, latest Oct 10, 2025 (9 filings since Dec 9, 2021)
  • Shunwei China Internet Fund II, L.P. Filed SC 13G/A on Zepp Health, latest Nov 12, 2024
  • GOLDMAN SACHS ASSET MANAGEMENT, L.P. Filed SC 13G/A on Zepp Health, latest Feb 8, 2024
  • Wang Huang Filed SC 13G/A on Zepp Health, latest Jan 19, 2024 (4 filings since Jan 28, 2022)
  • Franklin Templeton Investments Filed SC 13G/A on Zepp Health, latest Feb 1, 2023 (2 filings since Feb 3, 2022)
  • Wells Fargo Filed SC 13G/A on Zepp Health, latest Dec 8, 2021
  • Zepp Health George Town, Cayman Islands
    • Beijing Shunyuan Kaihua Technology Co Subsidiary
    • Huami (Beijing) Information Technology Subsidiary
    • Shenzhen Yunding Information Technology Co Subsidiary

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Zepp Health 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

ItemLatestA year beforeChange
Accumulated depreciation$23.4M4 Dec 31, 2025$20.9M4 Dec 31, 2024+12.3%
Property and equipment, net$5.7M4 Dec 31, 2025$6.9M4 Dec 31, 2024−17.9%
Operating-lease assets (leased space)$2.0M4 Dec 31, 2025$3.5M4 Dec 31, 2024−43.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$57.0M4 Dec 31, 2025$91.1M4 Dec 31, 2024−37.4%
Marketable securities, current$997.0K4 Dec 31, 2024$5.2M11 Dec 31, 2023−80.7%
Long-term investments$220.0M4 Dec 31, 2025$225.9M4 Dec 31, 2024−2.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$9.6M4 Dec 31, 2025$9.6M4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$13.6M4 Dec 31, 2025$7.1M4 Dec 31, 2024+91.9%
Accumulated amortization$15.5M4 Dec 31, 2025$12.7M4 Dec 31, 2024+22.6%
Patents, net$27.5M4 Dec 31, 2025$18.3M4 Dec 31, 2024+50.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$72.8M4 Dec 31, 2025$56.8M4 Dec 31, 2024+28.1%
Raw materials$5.9M4 Dec 31, 2025$5.7M4 Dec 31, 2024+3.4%
Work in process$4.8M4 Dec 31, 2025$5.3M4 Dec 31, 2024−8.3%
Finished goods$62.0M4 Dec 31, 2025$45.8M4 Dec 31, 2024+35.4%

Leadership

Who has led Zepp Health, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Wang Huang2026–now

Chief financial officer

  1. Cheng Deng2026–now

Chief operating officer

  1. Mike Yan Yeung2026–now
Board members and other officers (7)

Subsidiaries and ownership

Subsidiaries

  • Beijing Shunyuan Kaihua Technology Co
  • Huami (Beijing) Information Technology
  • Shenzhen Yunding Information Technology Co

From Wikidata.1

Former names

  • Huami CorpNov 6, 2017 to Feb 25, 20215

Timeline

  1. Mar 16, 2026New chief executive Wang Huang becomes CEO13
  2. Dec 11, 2014Founded Zepp Health is founded3

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/202620

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

102 filings to the SEC since October 2021: 7 annual reports, 13 insider forms, 35 large holders, 47 other. The latest 20:

  1. Sep 25, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Sep 23, 2026144 EDGAR
  3. Sep 2, 20266-K EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 13, 2026SCHEDULE 13G/A EDGAR
  6. Aug 13, 2026SCHEDULE 13G/A EDGAR
  7. Aug 12, 2026SCHEDULE 13G/A EDGAR
  8. Aug 6, 2026SCHEDULE 13G/A EDGAR
  9. Jun 30, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Jun 29, 20264 OWNERSHIP DOCUMENT EDGAR
  11. Jun 26, 2026144 EDGAR
  12. Jun 26, 2026SCHEDULE 13G EDGAR
  13. Jun 9, 20266-K EDGAR
  14. May 6, 2026SCHEDULE 13G/A EDGAR
  15. Apr 24, 202620-F EDGAR
  16. Mar 17, 20263 OWNERSHIP DOCUMENT EDGAR
  17. Mar 17, 20263 OWNERSHIP DOCUMENT EDGAR
  18. Mar 16, 20263 OWNERSHIP DOCUMENT EDGAR
  19. Mar 16, 20263 OWNERSHIP DOCUMENT EDGAR
  20. Mar 16, 20263 OWNERSHIP DOCUMENT EDGAR

The 102 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.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 24, 2026Yu PengtaoChief Industrial DesignerSale4,251$4.09$17.4KForm 4
Sep 23, 2026Yu PengtaoChief Industrial DesignerSale5,749$4.30$24.7KForm 4
Jun 26, 2026Deng ChengChief Financial OfficerSale9,836$4.61$45.3KForm 4

From Forms 4 filed with the SEC.

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.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Morgan Stanley741,834$3.9M0.0%+34,143
FIL Ltd718,178$3.7M0.0%+826
Yiheng Capital Management, L.P.220,501$1.1M0.5%+162,770
Allspring Global Investments Holdings, LLC46,748$243.6K0.0%No change
Citigroup Inc40,000$208.4K0.0%No change
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.30,309$157.9K0.0%−882
Marshall Wace, Llp26,153$136.3K0.0%New
Susquehanna International Group, Llp23,868$124.4K0.0%New
UBS Group AG22,570$117.6K0.0%−11,753
Engineers Gate Manager LP20,917$109.0K0.0%+6,433
Axq Capital, LP16,378$85.3K0.0%New
Bnp Paribas Financial Markets13,200$68.8K0.0%New
Mitsubishi UFJ Asset Management Co., Ltd.6,205$32.3K0.0%−13,493
Group One Trading LLC3,591$18.7K0.0%+3,095
Rhumbline Advisers1,960$10.2K0.0%+1,380
Simplex Trading, LLC1,206$6.3K0.0%−7,445
Tower Research Capital LLC (TRC)734$3.8K0.0%−1,839
Osaic Holdings, Inc.500$2.6K0.0%+200
Price T Rowe Associates Inc /md/311,854$1.6K0.0%−59
SBI Securities Co., Ltd.303$1.6K0.0%+13
Jpmorgan Chase & Co255$1.2K0.0%New
Wells Fargo & Company/mn131$6830.0%+56
Integrated Wealth Concepts LLC100$5220.0%New
Bell Investment Advisors, Inc25$1310.0%No change
Hrt Financial LP10,041$520.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Zepp Health is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARZepp Health Corp2
  • CIK0001720446
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company6
  • Incorporated inCayman Islands6
  • Fiscal year endsDecember 312
  • Industry code (SIC)3571 Electronic Computers2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business addressBuilding B2, Zhong'An Chuanggu, Technology Park No.900 Wangjiang West Rd, Hefei, 230088, China2
  • Phone86551-658372002
  • Shares outstanding135,608,316 Common Class A shares; 99,277,687 Common Class B shares as of Dec 31, 20256
  • AuditorDeloitte Touche Tohmatsu Certified Public Accountants LLP, Beijing, the People’s Republic of China PCAOB ID 1113; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceNov 6, 20172
  • Filings197 in all: 6-K (56), SC 13G/A (33), CORRESP (14), SCHEDULE 13G/A (12), SC 13G (11), 3 (10), 20-F (9), UPLOAD (9)2
    All 30 form types

    144 (5), SCHEDULE 13G (4), 4 (3), DRSLTR (3), EFFECT (3), F-1/A (3), 20-F/A (2), 424B3 (2), 424B4 (2), DRS/A (2), S-8 (2), SC 13D/A (2), 144/A (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3 (1), F-3/A (1), F-6 (1), F-6 POS (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) Apr 24, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares (each representing 16 Class A ordinary shares, par value US$0.0001 per share)ZEPPNew York Stock Exchange
Class A ordinary shares, par value US$0.0001 per share

From the cover page of the 20-F filed Apr 24, 2026 (Section 12(b) of the Exchange Act).6

Sources

The numbers on this page point here. Each one links to the record it came from.

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