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EM

Smart Share Global Limited

EM

Smart Share Global Limited • NASDAQ
$1.38 ▲ 2.22% (+0.03)
Market Cap $174.98 M
52w High $1.45
52w Low $0.68
Dividend Yield 0%
P/E -138
Volume 121.67K
Outstanding Shares 126.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $543.508M ▲ $178.187M ▼ $-27.842M ▼ -5.123% ▼ $-0.22 ▼ $-20.301M ▼
Q3-2024 $490.783M ▲ $197.456M ▼ $4.246M ▼ 0.865% ▼ $0.032 ▼ $28.569M ▲
Q2-2024 $462.923M ▲ $249.344M ▼ $9.178M ▲ 1.983% ▲ $0.071 ▲ $20.191M ▲
Q1-2024 $397.206M ▼ $252.226M ▼ $-349K ▼ -0.088% ▼ $0 ▼ $7.339M ▲
Q4-2023 $486.62M $320.765M $2.407M 0.495% $0.1 $2.986M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $2.919B ▲ $4.128B ▼ $1.471B ▼ $2.657B ▲
Q3-2024 $2.897B ▼ $4.142B ▼ $1.496B ▼ $2.646B ▼
Q2-2024 $3.038B ▼ $4.272B ▼ $1.588B ▼ $2.684B ▼
Q1-2024 $3.115B ▼ $4.402B ▼ $1.703B ▲ $2.699B ▼
Q4-2023 $3.131B $4.42B $1.691B $2.729B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2023 $6.763M ▲ $0 $0 $0 $56.999M ▲ $0
Q2-2023 $3.492M ▲ $0 $0 $0 $-35.42M ▼ $0
Q1-2023 $1.58M ▲ $0 $0 $0 $-35.002M ▼ $0
Q4-2022 $-47.011M ▼ $0 $0 $0 $53.434M ▲ $0
Q3-2022 $-13.972M $0 $0 $0 $-48.412M $0

Five-Year Company Overview

Income Statement

Income Statement Revenue grew well through the early years after listing but has slipped back more recently, suggesting the core business is maturing or facing more competition and pricing pressure. Profitability has been inconsistent: the company has swung between modest profits and noticeable losses, with the latest year close to breakeven but slightly in the red. Gross profit has narrowed materially from its peak, meaning it now earns less on each unit of sales than it did a few years ago. Overall, the income statement shows a business that has scale and brand but is still searching for stable, reliable earnings quality.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative, with solid shareholder equity and only light use of debt in most years. Cash remains an important part of total assets, suggesting the company has kept a liquidity cushion even as the business environment has become more challenging. Asset levels have been broadly stable, which indicates no aggressive expansion or major asset write‑downs. In simple terms, the company appears financially sturdy, even though profits have been volatile.

Cash Flow

Cash Flow Historically, the business generated healthy cash from operations, but the most recent year flipped to cash outflow, which is a warning sign that underlying economics have weakened. Free cash flow was generally positive in the middle years, helped by a gradual pullback in heavy investment spending, but it also turned negative most recently. Capital spending has trended down, pointing to a shift from rapid network build‑out toward more maintenance and efficiency. The cash flow profile now looks more fragile than before and will need improvement if the company wants to fund growth comfortably from its own operations.

Competitive Edge

Competitive Edge Energy Monster holds a strong position in China’s power bank rental market, supported by a very dense network of charging stations in high‑traffic locations. Exclusive or favored partnerships with restaurants, malls, transit hubs, and entertainment venues create meaningful barriers for new entrants and smaller rivals. Its brand is widely recognized, and the service is tightly integrated into China’s major payment and social platforms, which makes it convenient for users and sticky for partners. At the same time, the market is competitive, and sustaining this edge will depend on maintaining partner relationships, service quality, and attractive economics for both users and venues.

Innovation and R&D

Innovation and R&D The company’s core innovation is its proprietary IoT platform and communication protocol, which help it monitor devices, reduce failures, and optimize where and how stations are deployed. It uses data analytics for dynamic pricing, site selection, and predictive maintenance, which can lift utilization and reduce operating costs. Deep integration with super‑apps like WeChat and Alipay, and frictionless QR‑based usage, make the customer experience smooth and help retention. Looking ahead, the main innovation levers are likely to be smarter data use, faster‑charging hardware, broader in‑cabinet or advertising services, and potentially new convenience services layered on the existing network, though execution risk is real. Going private may give it more flexibility to invest in these areas, but will also reduce public visibility into its R&D spending and outcomes.

Summary

Smart Share Global (Energy Monster) combines a strong on‑the‑ground network and solid technology foundation with a balance sheet that is relatively sound, but its recent financial performance has softened. Revenue momentum has slowed and margins have compressed, leaving profits and cash generation unstable. The company still appears to have a meaningful competitive moat built on scale, partnerships, and user convenience, and its IoT and data capabilities give it tools to defend that position. The key questions going forward are whether it can restore steady cash flow, re‑expand margins without over‑spending on growth, and successfully broaden its services using the existing network, all while managing competition and changes in consumer behavior.

NEWS

November 28, 2025 · 8:00 AM UTC

Smart Share Global Limited to Hold Extraordinary General Meeting of Shareholders

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