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Atour Lifestyle Holdings Ltd

ATAT
Exchange
Nasdaq
Industry
Hotels & Motels
SEC CIK
0001853717

No open-market purchases or sales by Atour Lifestyle Holdings Ltd insiders were filed in the last 90 days; 180 institutions reported holding it in 13F filings for Q2 2026, worth $2.50B in total; Greenwoods Asset Management is the only superinvestor holding it.

Currency
CNY
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 2:46 PM ET

Amounts are in CNY, the currency Atour Lifestyle Holdings Ltd reports in. Lines marked ≈ US$ convert key figures to US dollars.

Revenue flow, FY2025

Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.

Income statement

Each column is one fiscal year, newest first.

Income statement of Atour Lifestyle Holdings Ltd, annual
Line itemFY2025FY2024FY2023FY2022
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022
Filing20-F20-F20-F20-F
Reported––––
RevenueCNY 9.79B≈ US$1.36BCNY 7.25B≈ US$1.01BCNY 4.67B≈ US$659.4MCNY 2.26B≈ US$337.0M
Research and developmentCNY 177.9MCNY 134.0MCNY 77.3MCNY 66.2M
Selling, general and administrativeCNY 516.7MCNY 352.6MCNY 451.5MCNY 350.0M
Operating incomeCNY 2.31BCNY 1.62BCNY 924.0MCNY 165.0M
Interest expense––CNY 5.00MCNY 6.50M
Income taxCNY 741.6MCNY 446.0MCNY 243.0MCNY 84.5M
Net incomeCNY 1.62B≈ US$225.6MCNY 1.28B≈ US$177.3MCNY 737.1M≈ US$104.2MCNY 98.1M≈ US$14.6M
EPS, basicCNY 3.90CNY 3.08CNY 1.82CNY 0.26
EPS, dilutedCNY 3.87CNY 3.06CNY 1.78CNY 0.26
Weighted shares, basic415.6M413.7M405.6M379.3M
Weighted shares, diluted419.3M417.2M414.8M381.6M
Margins and growth
Operating margin23.6%22.4%19.8%7.3%
Net margin16.6%17.6%15.8%4.3%
Revenue growth, year over year+35.1%+55.3%+106.2%–
Net income growth, year over year+27.1%+73.0%+651.4%–

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of Atour Lifestyle Holdings Ltd, annual
Line itemFY2025FY2024FY2023FY2022
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022
Filing20-F20-F20-F20-F
Reported––––
Cash and equivalentsCNY 3.30BCNY 3.62BCNY 2.84BCNY 1.59B
Short-term investmentsCNY 2.56BCNY 1.27BCNY 751.8MCNY 157.8M
Accounts receivableCNY 341.4MCNY 186.0MCNY 162.1MCNY 132.7M
InventoryCNY 278.8MCNY 167.4MCNY 119.1MCNY 57.5M
Total current assetsCNY 7.36BCNY 5.72BCNY 4.24BCNY 2.12B
Property, plant and equipmentCNY 225.6MCNY 213.7MCNY 266.1MCNY 360.3M
GoodwillCNY 17.4MCNY 17.4MCNY 17.4MCNY 17.4M
Intangible assetsCNY 4.71MCNY 6.37MCNY 4.25MCNY 5.54M
Total assetsCNY 9.17B≈ US$1.31BCNY 7.88B≈ US$1.08BCNY 6.59B≈ US$927.8MCNY 4.76B≈ US$690.4M
Accounts payableCNY 822.0MCNY 693.8MCNY 594.5MCNY 184.9M
Short-term debtCNY 250.0MCNY 60.0MCNY 70.0MCNY 142.8M
Total current liabilitiesCNY 3.73BCNY 2.83BCNY 2.38BCNY 1.35B
Long-term debtCNY 2.00MCNY 2.00MCNY 2.00MCNY 2.00M
Total liabilitiesCNY 5.59BCNY 4.93BCNY 4.53BCNY 3.57B
Shareholders' equityCNY 3.58BCNY 2.95BCNY 2.06BCNY 1.19B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of Atour Lifestyle Holdings Ltd, annual
Line itemFY2025FY2024FY2023FY2022
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022
Filing20-F20-F20-F20-F
Reported––––
Operating cash flowCNY 1.99B≈ US$277.3MCNY 1.73B≈ US$239.9MCNY 1.99B≈ US$281.0MCNY 283.7M≈ US$42.2M
Capital expendituresCNY 85.8MCNY 56.2MCNY 41.7MCNY 36.4M
Free cash flowCNY 1.91B≈ US$265.4MCNY 1.67B≈ US$232.1MCNY 1.95B≈ US$275.1MCNY 247.3M≈ US$36.8M
Depreciation and amortizationCNY 54.1MCNY 65.2MCNY 85.0MCNY 88.6M
Stock-based compensationCNY 131.5MCNY 32.8MCNY 164.0MCNY 163.2M
Dividends paidCNY 772.0MCNY 436.0MCNY 150.6M–
Share buybacksCNY 329.9M–––
Investing cash flowCNY -1.33BCNY -520.6MCNY -600.5MCNY -192.2M
Financing cash flowCNY -924.9MCNY -426.6MCNY -146.9MCNY 456.3M
Net change in cashCNY -299.5MCNY 777.9MCNY 1.25BCNY 550.6M
Ratio
Stock-based compensation, % of revenue1.3%0.5%3.5%7.2%

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for Atour Lifestyle Holdings Ltd by cover date
Cover dateShares outstandingChange in a yearFiling
Dec 31, 2025412.4M−0.5%SEC
Dec 31, 2024414.6M+0.4%SEC
Dec 31, 2023412.8M–SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
  • ≈ US$ figures convert CNY at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.