Meridian
Universe

IQ · CIK 0001722608 · FY2025 live · 2025-12-31

iQIYI, Inc.

DistressSEC 10-KZ″Consumer15th percentile in Consumer · 430 names

View as

Model

Z″

FY2025

−4.28

Zone

Distress

Prior

Market DD

1y PD

−4.28

Classic Z −0.78

−21.12.68+

Z″ −4.28 · distress below 1.10, grey to 2.60, safe above.

Z″ factor contributions

  • X1 Working capital / assets

    Short-term liquidity. Carries more weight in Z″ than in classic Z.

    −0.25
    6.56 × = −1.65
  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    −0.94
    3.26 × = −3.07
  • X3 EBIT / assets

    Operating return on assets. Highest weight in Z″.

    0.00
    6.72 × = 0.03
  • X4 Book equity / liabilities

    Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.

    0.40
    1.05 × = 0.42

Five-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.

Overview

rule-v1

iQIYI, Inc. is on Z″ at −4.28 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.

Book screen Distress; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Z″ scores · 15th percentile in Consumer.

KPI widgets

Current assets

$1.5B

Total assets

$6.7B

Current liabilities

$3.2B

Total liabilities

$4.8B

Working capital

−$1.7B

Retained earnings

−$6.3B

EBIT

$33M

Total sales

$3.9B

Book equity

$1.9B

Accession 0001193125-26-107079. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.