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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) and JOYY Inc. (JOYY). Click either name above to swap in a different company.

JOYY Inc. is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.3× Grocery Outlet Holding Corp.). JOYY Inc. runs the higher net margin — 10.4% vs -18.5%, a 28.9% gap on every dollar of revenue. Over the past eight quarters, JOYY Inc.'s revenue compounded faster (16.8% CAGR vs 8.3%).

Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.

JOYY Inc. is a global social media technology firm operating digital entertainment platforms including live streaming, short video and social services like Bigo Live and Likee. It serves users across Southeast Asia, Middle East, Latin America and other emerging markets, delivering interactive immersive digital content experiences for user groups.

GO vs JOYY — Head-to-Head

Bigger by revenue
JOYY
JOYY
1.3× larger
JOYY
$1.5B
$1.2B
GO
Higher net margin
JOYY
JOYY
28.9% more per $
JOYY
10.4%
-18.5%
GO
Faster 2-yr revenue CAGR
JOYY
JOYY
Annualised
JOYY
16.8%
8.3%
GO

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
GO
GO
JOYY
JOYY
Revenue
$1.2B
$1.5B
Net Profit
$-224.9M
$160.1M
Gross Margin
29.7%
36.1%
Operating Margin
2.4%
Net Margin
-18.5%
10.4%
Revenue YoY
10.7%
Net Profit YoY
-669.9%
EPS (diluted)
$-2.22

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
GO
GO
JOYY
JOYY
Q1 26
$1.2B
Q3 25
$1.2B
$1.5B
Q2 25
$1.2B
$1.0B
Q1 25
$1.1B
$494.4M
Q4 24
$1.1B
Q3 24
$1.1B
$1.7B
Q2 24
$1.1B
$1.1B
Q1 24
$1.0B
$564.6M
Net Profit
GO
GO
JOYY
JOYY
Q1 26
$-224.9M
Q3 25
$11.6M
$160.1M
Q2 25
$5.0M
$100.9M
Q1 25
$-23.3M
$42.9M
Q4 24
$2.3M
Q3 24
$24.2M
$143.9M
Q2 24
$14.0M
$87.9M
Q1 24
$-1.0M
$40.2M
Gross Margin
GO
GO
JOYY
JOYY
Q1 26
29.7%
Q3 25
30.4%
36.1%
Q2 25
30.6%
36.3%
Q1 25
30.4%
36.1%
Q4 24
29.5%
Q3 24
31.1%
35.7%
Q2 24
30.9%
34.9%
Q1 24
29.3%
34.6%
Operating Margin
GO
GO
JOYY
JOYY
Q1 26
Q3 25
2.0%
2.4%
Q2 25
1.1%
1.8%
Q1 25
-2.0%
2.5%
Q4 24
1.0%
Q3 24
3.6%
1.3%
Q2 24
2.3%
0.5%
Q1 24
0.1%
0.6%
Net Margin
GO
GO
JOYY
JOYY
Q1 26
-18.5%
Q3 25
1.0%
10.4%
Q2 25
0.4%
10.1%
Q1 25
-2.1%
8.7%
Q4 24
0.2%
Q3 24
2.2%
8.5%
Q2 24
1.2%
7.8%
Q1 24
-0.1%
7.1%
EPS (diluted)
GO
GO
JOYY
JOYY
Q1 26
$-2.22
Q3 25
$0.12
Q2 25
$0.05
Q1 25
$-0.24
Q4 24
$0.03
Q3 24
$0.24
Q2 24
$0.14
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
GO
GO
JOYY
JOYY
Cash + ST InvestmentsLiquidity on hand
$69.6M
$383.8M
Total DebtLower is stronger
$15.0M
Stockholders' EquityBook value
$983.7M
$6.6B
Total Assets
$3.1B
$7.5B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GO
GO
JOYY
JOYY
Q1 26
$69.6M
Q3 25
$52.1M
$383.8M
Q2 25
$55.2M
$401.0M
Q1 25
$50.9M
$801.5M
Q4 24
$62.8M
Q3 24
$68.7M
$481.8M
Q2 24
$67.1M
$607.1M
Q1 24
$66.9M
$728.2M
Total Debt
GO
GO
JOYY
JOYY
Q1 26
$15.0M
Q3 25
$500.3M
Q2 25
$473.9M
Q1 25
$475.7M
Q4 24
$477.5M
Q3 24
$429.3M
Q2 24
$379.2M
Q1 24
$291.0M
Stockholders' Equity
GO
GO
JOYY
JOYY
Q1 26
$983.7M
Q3 25
$1.2B
$6.6B
Q2 25
$1.2B
$6.6B
Q1 25
$1.2B
$6.6B
Q4 24
$1.2B
Q3 24
$1.2B
$5.3B
Q2 24
$1.2B
$5.3B
Q1 24
$1.2B
$5.3B
Total Assets
GO
GO
JOYY
JOYY
Q1 26
$3.1B
Q3 25
$3.4B
$7.5B
Q2 25
$3.3B
$7.5B
Q1 25
$3.3B
$7.6B
Q4 24
$3.2B
Q3 24
$3.1B
$8.1B
Q2 24
$3.1B
$8.1B
Q1 24
$3.0B
$8.6B
Debt / Equity
GO
GO
JOYY
JOYY
Q1 26
0.02×
Q3 25
0.42×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.40×
Q3 24
0.35×
Q2 24
0.31×
Q1 24
0.24×

Cash Flow & Capital Efficiency

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

Metric
GO
GO
JOYY
JOYY
Operating Cash FlowLast quarter
$222.1M
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
GO
GO
JOYY
JOYY
Q1 26
$222.1M
Q3 25
$17.3M
Q2 25
$73.6M
Q1 25
$58.9M
Q4 24
$39.5M
Q3 24
$23.0M
Q2 24
$41.6M
Q1 24
$7.8M
Free Cash Flow
GO
GO
JOYY
JOYY
Q1 26
Q3 25
$-21.6M
Q2 25
$14.4M
Q1 25
$-1.5M
Q4 24
$-19.6M
Q3 24
$-19.3M
Q2 24
$2.7M
Q1 24
$-38.4M
FCF Margin
GO
GO
JOYY
JOYY
Q1 26
Q3 25
-1.8%
Q2 25
1.2%
Q1 25
-0.1%
Q4 24
-1.8%
Q3 24
-1.7%
Q2 24
0.2%
Q1 24
-3.7%
Capex Intensity
GO
GO
JOYY
JOYY
Q1 26
Q3 25
3.3%
Q2 25
5.0%
Q1 25
5.4%
Q4 24
5.4%
Q3 24
3.8%
Q2 24
3.4%
Q1 24
4.5%
Cash Conversion
GO
GO
JOYY
JOYY
Q1 26
Q3 25
1.49×
Q2 25
14.84×
Q1 25
Q4 24
17.09×
Q3 24
0.95×
Q2 24
2.97×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GO
GO

Segment breakdown not available.

JOYY
JOYY

Live streaming$1.1B74%
Advertising$297.3M19%
Others$109.8M7%

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