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TOUR

Tuniu Corporation

TOUR

Tuniu Corporation • NASDAQ
$0.73 ▼ -1.64% (-0.01)
Market Cap $28.47 M
52w High $1.17
52w Low $0.70
Dividend Yield 0.04%
P/E 10.43
Volume 107.93K
Outstanding Shares 39.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $134.854M ▲ $78.87M ▼ $14.526M ▲ 10.772% ▲ $0.39 ▲ $13.539M ▲
Q1-2025 $117.516M ▲ $80.145M ▼ $-4.698M ▲ -3.998% ▲ $-0.12 ▲ $-2.555M ▲
Q4-2024 $102.732M ▼ $82.494M ▼ $-24.207M ▼ -23.563% ▼ $-0.63 ▼ $-9.625M ▼
Q3-2024 $185.995M ▲ $92.616M ▲ $44.448M ▲ 23.897% ▼ $0.36 $32.239M ▲
Q2-2024 $116.937M $49.917M $43.022M 36.791% $0.36 $12.944M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.065B ▲ $1.85B ▲ $884.304M ▲ $1.038B ▲
Q1-2025 $1.044B ▲ $1.801B ▼ $838.374M ▼ $1.034B ▼
Q4-2024 $897.827M ▼ $1.909B ▼ $900.487M ▼ $1.081B ▼
Q3-2024 $1.279B ▲ $2.007B ▲ $942.9M ▼ $1.108B ▲
Q2-2024 $1.253B $1.982B $949.545M $1.075B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $14.526M ▲ $0 $0 $0 $0 $0
Q1-2025 $-4.698M ▲ $0 $0 $0 $0 $0
Q4-2024 $-24.207M ▼ $0 $0 $0 $0 $0
Q3-2024 $44.448M ▲ $0 $0 $0 $0 $0
Q2-2024 $43.022M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Tuniu’s income statement tells a story of recovery and restructuring. Revenue fell sharply during the pandemic but has since climbed back to around and slightly above pre‑pandemic levels, showing that demand for its travel services has largely returned. Profitability has improved meaningfully: the company has moved from sizable operating and net losses to modest profits, suggesting tighter cost control, better pricing, or a more focused product mix. Margins still look fragile rather than firmly established, so current profits should be viewed as encouraging but not yet deeply proven, especially in a cyclical and highly competitive travel market.

Balance Sheet

Balance Sheet The balance sheet looks cleaner but smaller. Total assets have steadily declined, which can indicate a leaner, more focused business, but also a reduced resource base to invest for future growth. Equity remains comfortably positive, and the company appears to have eliminated its interest‑bearing debt, easing financial risk from leverage. Cash levels are reasonable for an asset‑light online platform, though not excessive, meaning the company has some buffer but likely needs to manage liquidity carefully if conditions weaken again.

Cash Flow

Cash Flow Cash flow has swung from persistent outflows during and just after the pandemic to solid positive inflows in the last two years. The business is now generating cash from operations rather than burning it, and free cash flow has followed the same pattern. Capital spending is very modest, consistent with a digital, service‑oriented model. The key question is durability: recent cash strength is a clear positive, but it depends on travel demand and the company’s ability to maintain discipline on costs and working capital.

Competitive Edge

Competitive Edge Tuniu occupies a focused niche in China’s travel market, concentrating on packaged tours and especially serving customers in smaller cities. Its hybrid model—combining an online platform with physical stores—helps build trust and reach customers who may prefer in‑person service, creating some differentiation versus online‑only rivals. At the same time, the broader online travel space in China is dominated by very large, well‑funded players, and competition on price, marketing, and product breadth remains intense. Tuniu’s strength lies in its specialization and brand in tours, but it operates within a market where competitive pressure and regulatory changes are ongoing realities.

Innovation and R&D

Innovation and R&D The company is leaning heavily on technology to stand out. Its AI assistant, “Xiao Niu,” aims to personalize trip planning and simplify complex choices, while data analytics are used to tailor packages and marketing to customer behavior. Tuniu also experiments with live streaming and social commerce to sell tours, and continues to refine product lines such as branded, themed, and budget packages for first‑time outbound travelers. These initiatives suggest an innovative mindset, but their long‑term impact will depend on how much they improve customer acquisition, loyalty, and margins compared with what competitors are doing with their own AI and digital tools.

Summary

Overall, Tuniu looks like a travel company that has survived a severe downturn, cleaned up its finances, and is now cautiously back in growth and profit territory. The shift from losses to profits and from cash burn to cash generation is a clear improvement, and the lack of debt reduces financial strain. Strategically, its niche in packaged tours, focus on lower‑tier cities, and push into AI‑enabled services and social commerce provide a differentiated angle in a crowded field. The main uncertainties center on how sustainable current profitability is, how well it can fend off larger competitors, and how Chinese and global travel trends evolve over the next few years.

NEWS

November 21, 2025 · 5:00 AM UTC

Tuniu Receives Approval to Transfer to Nasdaq Capital Market and Extension of Minimum Bid Price Compliance Period

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November 12, 2025 · 1:00 AM UTC

Tuniu to Report Third Quarter 2025 Financial Results on December 5, 2025

Read more