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Side-by-side financial comparison of DouYu International Holdings Ltd (DOYU) and MP Materials Corp. (MP). Click either name above to swap in a different company.

DouYu International Holdings Ltd is the larger business by last-quarter revenue ($147.1M vs $90.6M, roughly 1.6× MP Materials Corp.).

DouYu International Holdings Ltd operates a leading live streaming platform centered on video game and esports content primarily in mainland China. It offers interactive live streams covering professional esports tournaments, casual gaming content, and variety entertainment, targeting young gaming enthusiasts as its core user base, with main revenue streams including virtual gifting, advertising, and paid memberships.

MP Materials Corp. is a U.S.-based producer of rare earth materials. The company owns and operates the Mountain Pass mine in California, the only active rare earth mining and processing facility in the Western Hemisphere, producing essential materials for electric vehicles, wind turbines, and defense applications.

DOYU vs MP — Head-to-Head

Bigger by revenue
DOYU
DOYU
1.6× larger
DOYU
$147.1M
$90.6M
MP

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
DOYU
DOYU
MP
MP
Revenue
$147.1M
$90.6M
Net Profit
$-8.0M
Gross Margin
13.5%
Operating Margin
Net Margin
-8.8%
Revenue YoY
49.1%
Net Profit YoY
64.8%
EPS (diluted)
$-0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOYU
DOYU
MP
MP
Q1 26
$90.6M
Q4 25
$52.7M
Q3 25
$53.6M
Q2 25
$147.1M
$57.4M
Q1 25
$130.5M
$60.8M
Q4 24
$61.0M
Q3 24
$62.9M
Q2 24
$142.0M
$31.3M
Net Profit
DOYU
DOYU
MP
MP
Q1 26
$-8.0M
Q4 25
$9.4M
Q3 25
$-41.8M
Q2 25
$-30.9M
Q1 25
$-11.0M
$-22.6M
Q4 24
$-22.3M
Q3 24
$-25.5M
Q2 24
$-6.8M
$-34.1M
Gross Margin
DOYU
DOYU
MP
MP
Q1 26
Q4 25
Q3 25
Q2 25
13.5%
Q1 25
12.0%
Q4 24
Q3 24
Q2 24
8.2%
Operating Margin
DOYU
DOYU
MP
MP
Q1 26
Q4 25
-7.0%
Q3 25
-125.2%
Q2 25
-76.5%
Q1 25
-2.8%
-57.2%
Q4 24
-72.1%
Q3 24
-62.8%
Q2 24
-11.6%
-171.1%
Net Margin
DOYU
DOYU
MP
MP
Q1 26
-8.8%
Q4 25
17.9%
Q3 25
-78.0%
Q2 25
-53.8%
Q1 25
-8.4%
-37.2%
Q4 24
-36.6%
Q3 24
-40.5%
Q2 24
-4.8%
-108.9%
EPS (diluted)
DOYU
DOYU
MP
MP
Q1 26
$-0.04
Q4 25
$0.07
Q3 25
$-0.24
Q2 25
$-0.19
Q1 25
$-0.14
Q4 24
$-0.12
Q3 24
$-0.16
Q2 24
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOYU
DOYU
MP
MP
Cash + ST InvestmentsLiquidity on hand
$214.4M
$1.7B
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$279.9M
$2.0B
Total Assets
$448.1M
$3.8B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOYU
DOYU
MP
MP
Q1 26
$1.7B
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$214.4M
$261.5M
Q1 25
$35.2M
$198.3M
Q4 24
$282.4M
Q3 24
$284.4M
Q2 24
$558.8M
$295.6M
Total Debt
DOYU
DOYU
MP
MP
Q1 26
$1.0B
Q4 25
$998.7M
Q3 25
$997.3M
Q2 25
$910.8M
Q1 25
$909.8M
Q4 24
$908.7M
Q3 24
Q2 24
Stockholders' Equity
DOYU
DOYU
MP
MP
Q1 26
$2.0B
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$279.9M
$1.0B
Q1 25
$37.4M
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$895.6M
$1.1B
Total Assets
DOYU
DOYU
MP
MP
Q1 26
$3.8B
Q4 25
$3.9B
Q3 25
$3.8B
Q2 25
$448.1M
$2.3B
Q1 25
$60.8M
$2.4B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$1.1B
$2.4B
Debt / Equity
DOYU
DOYU
MP
MP
Q1 26
0.51×
Q4 25
0.50×
Q3 25
0.51×
Q2 25
0.90×
Q1 25
0.88×
Q4 24
0.86×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOYU
DOYU
MP
MP
Operating Cash FlowLast quarter
$-1.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOYU
DOYU
MP
MP
Q1 26
$-1.9M
Q4 25
$-46.9M
Q3 25
$-42.0M
Q2 25
$-3.7M
Q1 25
$-63.2M
Q4 24
$30.5M
Q3 24
$-6.8M
Q2 24
$30.8M
Free Cash Flow
DOYU
DOYU
MP
MP
Q1 26
Q4 25
$-109.3M
Q3 25
$-92.5M
Q2 25
$-32.7M
Q1 25
$-93.7M
Q4 24
$-11.2M
Q3 24
$-53.3M
Q2 24
$-15.6M
FCF Margin
DOYU
DOYU
MP
MP
Q1 26
Q4 25
-207.4%
Q3 25
-172.8%
Q2 25
-56.9%
Q1 25
-154.0%
Q4 24
-18.3%
Q3 24
-84.7%
Q2 24
-50.1%
Capex Intensity
DOYU
DOYU
MP
MP
Q1 26
Q4 25
118.5%
Q3 25
94.3%
Q2 25
50.5%
Q1 25
50.1%
Q4 24
68.3%
Q3 24
73.8%
Q2 24
148.7%
Cash Conversion
DOYU
DOYU
MP
MP
Q1 26
Q4 25
-4.97×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOYU
DOYU

Segment breakdown not available.

MP
MP

Materials Segment$72.2M80%
Magnetics Segment$21.1M23%

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