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Institutional ownership roughly stable: -0.18% change quarter-over-quarter.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $584.3M 100.0% | $598.4M 100.0% | $600.7M 100.0% | $733.9M 100.0% | $835.6M 100.0% | $749.9M 100.0% | $673.8M 100.0% | $690.2M 100.0% | $1.77B 100.0% | $1.65B 100.0% |
| Cost of Revenue | $131.5M 22.5% | $165.8M 27.7% | $145.8M 24.3% | $191.6M 26.1% | $204.7M 24.5% | $217.4M 29.0% | $243.6M 36.2% | $289.0M 41.9% | $950.3M 53.7% | $859.8M 52.1% |
| Gross Profit | $452.8M 77.5% | $432.6M 72.3% | $454.9M 75.7% | $542.3M 73.9% | $630.9M 75.5% | $532.5M 71.0% | $430.2M 63.8% | $401.2M 58.1% | $819.3M 46.3% | $790.6M 47.9% |
| Research & Development | $247.5M 42.4% | $255.2M 42.7% | $279.8M 46.6% | $260.8M 35.5% | $268.9M 32.2% | $241.9M 32.3% | $234.9M 34.9% | $246.2M 35.7% | $412.2M 23.3% | $353.1M 21.4% |
| Selling, General & Admin | $73.2M 12.5% | $50.9M 8.5% | $48.9M 8.1% | $56.9M 7.8% | $81.9M 9.8% | $57.4M 7.6% | $54.6M 8.1% | $70.1M 10.2% | $119.0M 6.7% | $119.8M 7.3% |
| Total Operating Expenses | $546.6M 93.6% | $542.0M 90.6% | $542.2M 90.3% | $543.2M 74.0% | $533.4M 63.8% | $459.1M 61.2% | $501.4M 74.4% | $569.6M 82.5% | $1.01B 57.0% | $907.8M 55.0% |
| Operating Income | -$93.8M -16.1% | -$109.4M -18.3% | -$87.3M -14.5% | -$873K -0.1% | $97.5M 11.7% | $73.4M 9.8% | -$71.2M -10.6% | -$168.4M -24.4% | -$189.2M -10.7% | -$117.1M -7.1% |
| Interest Expense | — | — | $0 0.0% | $0 0.0% | $7.5M 0.9% | $6.2M 0.8% | $14.4M 2.1% | $17.5M 2.5% | — | — |
| Interest & Investment Income | — | — | — | — | — | $7.4M 1.0% | $6.1M 0.9% | $16.0M 2.3% | — | — |
| Other Income (Expense), net | $16.6M 2.8% | $22.1M 3.7% | $35.7M 6.0% | $17.6M 2.4% | $29.4M 3.5% | $26.0M 3.5% | $8.0M 1.2% | $30.7M 4.4% | $6.7M 0.4% | -$10.7M -0.6% |
| Pretax Income | -$49.5M -8.5% | -$48.2M -8.0% | -$5.7M -0.9% | $40.6M 5.5% | $131.6M 15.7% | $96.7M 12.9% | -$70.1M -10.4% | -$135.9M -19.7% | — | — |
| Income Tax Expense | -$443.6M -75.9% | $52.1M 8.7% | $60.4M 10.1% | $57.9M 7.9% | $62.3M 7.5% | $133.2M 17.8% | $28.4M 4.2% | -$14.6M -2.1% | $272.6M 15.4% | $21.1M 1.3% |
| Net Income | $394.1M 67.4% | -$100.3M -16.8% | -$30.4M -5.1% | -$17.3M -2.4% | $927.7M 111.0% | -$86.1M -11.5% | -$149.3M -22.2% | -$160.1M -23.2% | -$554.5M -31.3% | -$224.0M -13.6% |
| Per Share | ||||||||||
| EPS (Basic) | $13.96 | $-3.13 | $-0.89 | $-0.50 | $23.49 | $-2.18 | $-3.80 | $-4.11 | $-14.27 | $-5.79 |
| EPS (Diluted) | $13.96 | $-3.13 | $-0.89 | $-0.50 | $23.49 | $-2.19 | $-3.83 | $-4.13 | $-14.30 | $-5.83 |
| Weighted Avg Shares (Basic) | 28.2M | 32.0M | 34.1M | 34.9M | 39.5M | 39.5M | 39.2M | 39.0M | 38.9M | 38.7M |
| Weighted Avg Shares (Diluted) | 28.2M | 32.0M | 34.1M | 34.9M | 39.5M | 39.5M | 39.2M | 39.0M | 38.9M | 38.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $54M buybacks = $54M returned on -$5M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. Current ROIC on all capital: 31%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Interest last disclosed in FY2021 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
Nothing notable to watch.
Where each multiple sits in its own 10-yr range · 5th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 10-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 6.1× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 41.9 | 36.2 | 29.0 | 24.5 | 26.1 | 24.3 | 27.7 | 22.5 |
| Gross Profit | 58.1 | 63.8 | 71.0 | 75.5 | 73.9 | 75.7 | 72.3 | 77.5 |
| R&D | 35.7 | 34.9 | 32.3 | 32.2 | 35.5 | 46.6 | 42.7 | 42.4 |
| SG&A | 10.2 | 8.1 | 7.6 | 9.8 | 7.8 | 8.1 | 8.5 | 12.5 |
| Operating Income | -24.4 | -10.6 | 9.8 | 11.7 | -0.1 | -14.5 | -18.3 | -16.1 |
| Income Tax | -2.1 | 4.2 | 17.8 | 7.5 | 7.9 | 10.1 | 8.7 | -75.9 |
| Net Income | -23.2 | -22.2 | -11.5 | 111.0 | -2.4 | -5.1 | -16.8 | 67.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SOHU: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| SOHU | $350M | 1.0× | — | 0.6× | -2.4% | 77.5% | 67.4% | 30.8% | 30.8% | — | 50 |
Peers = companies sharing SOHU's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.