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Side-by-side financial comparison of HUYA Inc. (HUYA) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

HUYA Inc. is the larger business by last-quarter revenue ($237.1M vs $197.9M, roughly 1.2× REPLIGEN CORP). REPLIGEN CORP runs the higher net margin — 6.7% vs 0.6%, a 6.1% gap on every dollar of revenue. Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% CAGR vs 2.5%).

HUYA Inc. is a leading interactive live streaming platform based in China, focused primarily on video game live broadcasting. It also offers esports events, variety entertainment, lifestyle and educational live streams, mainly serving young digital entertainment consumers in the domestic Chinese market.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

HUYA vs RGEN — Head-to-Head

Bigger by revenue
HUYA
HUYA
1.2× larger
HUYA
$237.1M
$197.9M
RGEN
Higher net margin
RGEN
RGEN
6.1% more per $
RGEN
6.7%
0.6%
HUYA
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
2.5%
HUYA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
HUYA
HUYA
RGEN
RGEN
Revenue
$237.1M
$197.9M
Net Profit
$1.3M
$13.3M
Gross Margin
13.4%
52.5%
Operating Margin
-0.8%
9.0%
Net Margin
0.6%
6.7%
Revenue YoY
13.6%
Net Profit YoY
143.9%
EPS (diluted)
$0.24

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
HUYA
HUYA
RGEN
RGEN
Q4 25
$197.9M
Q3 25
$237.1M
$188.8M
Q2 25
$218.8M
$182.4M
Q1 25
$207.9M
$169.2M
Q4 24
$174.1M
Q3 24
$219.1M
$154.9M
Q2 24
$212.1M
$154.1M
Q1 24
$208.3M
$151.3M
Net Profit
HUYA
HUYA
RGEN
RGEN
Q4 25
$13.3M
Q3 25
$1.3M
$14.9M
Q2 25
$-766.0K
$14.9M
Q1 25
$128.0K
$5.8M
Q4 24
$-30.3M
Q3 24
$3.4M
$-654.0K
Q2 24
$4.1M
$3.3M
Q1 24
$9.8M
$2.1M
Gross Margin
HUYA
HUYA
RGEN
RGEN
Q4 25
52.5%
Q3 25
13.4%
53.2%
Q2 25
13.5%
50.0%
Q1 25
12.5%
53.6%
Q4 24
26.1%
Q3 24
13.2%
50.0%
Q2 24
13.9%
49.8%
Q1 24
14.7%
49.5%
Operating Margin
HUYA
HUYA
RGEN
RGEN
Q4 25
9.0%
Q3 25
-0.8%
8.9%
Q2 25
-1.5%
7.6%
Q1 25
-4.0%
3.9%
Q4 24
-17.7%
Q3 24
-2.1%
-5.1%
Q2 24
-1.7%
1.0%
Q1 24
-2.6%
1.3%
Net Margin
HUYA
HUYA
RGEN
RGEN
Q4 25
6.7%
Q3 25
0.6%
7.9%
Q2 25
-0.4%
8.2%
Q1 25
0.1%
3.4%
Q4 24
-17.4%
Q3 24
1.5%
-0.4%
Q2 24
1.9%
2.2%
Q1 24
4.7%
1.4%
EPS (diluted)
HUYA
HUYA
RGEN
RGEN
Q4 25
$0.24
Q3 25
$0.26
Q2 25
$0.26
Q1 25
$0.10
Q4 24
$-0.55
Q3 24
$-0.01
Q2 24
$0.06
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
HUYA
HUYA
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$102.0M
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$709.9M
$2.1B
Total Assets
$960.3M
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUYA
HUYA
RGEN
RGEN
Q4 25
$767.6M
Q3 25
$102.0M
$748.7M
Q2 25
$69.7M
$708.9M
Q1 25
$40.9M
$697.2M
Q4 24
$757.4M
Q3 24
$156.1M
$784.0M
Q2 24
$138.4M
$809.1M
Q1 24
$75.1M
$780.6M
Total Debt
HUYA
HUYA
RGEN
RGEN
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HUYA
HUYA
RGEN
RGEN
Q4 25
$2.1B
Q3 25
$709.9M
$2.1B
Q2 25
$704.3M
$2.1B
Q1 25
$711.2M
$2.0B
Q4 24
$2.0B
Q3 24
$1.1B
$2.0B
Q2 24
$1.3B
$2.0B
Q1 24
$1.3B
$2.0B
Total Assets
HUYA
HUYA
RGEN
RGEN
Q4 25
$2.9B
Q3 25
$960.3M
$2.9B
Q2 25
$928.0M
$2.9B
Q1 25
$1.3B
$2.9B
Q4 24
$2.8B
Q3 24
$1.6B
$2.8B
Q2 24
$1.6B
$2.9B
Q1 24
$1.7B
$2.8B
Debt / Equity
HUYA
HUYA
RGEN
RGEN
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HUYA
HUYA
RGEN
RGEN
Operating Cash FlowLast quarter
$25.7M
Free Cash FlowOCF − Capex
$17.6M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUYA
HUYA
RGEN
RGEN
Q4 25
$25.7M
Q3 25
$48.1M
Q2 25
$28.6M
Q1 25
$15.0M
Q4 24
$39.2M
Q3 24
$49.3M
Q2 24
$42.2M
Q1 24
$44.7M
Free Cash Flow
HUYA
HUYA
RGEN
RGEN
Q4 25
$17.6M
Q3 25
$43.4M
Q2 25
$21.5M
Q1 25
$11.4M
Q4 24
$33.6M
Q3 24
$42.3M
Q2 24
$37.4M
Q1 24
$36.4M
FCF Margin
HUYA
HUYA
RGEN
RGEN
Q4 25
8.9%
Q3 25
23.0%
Q2 25
11.8%
Q1 25
6.8%
Q4 24
19.3%
Q3 24
27.3%
Q2 24
24.3%
Q1 24
24.0%
Capex Intensity
HUYA
HUYA
RGEN
RGEN
Q4 25
4.1%
Q3 25
2.5%
Q2 25
3.9%
Q1 25
2.1%
Q4 24
3.2%
Q3 24
4.5%
Q2 24
3.1%
Q1 24
5.5%
Cash Conversion
HUYA
HUYA
RGEN
RGEN
Q4 25
1.93×
Q3 25
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
Q3 24
Q2 24
12.70×
Q1 24
21.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HUYA
HUYA

Live streaming$162.5M69%
Game-related services, advertising and others$74.7M31%

RGEN
RGEN

Segment breakdown not available.

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