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Mobvoi, Inc. (2438) AI Stock Analysis
Mobvoi, Inc.
(HKEX:2438)
Weak financial performance from revenue contraction and cash burn is the primary drag, compounded by bearish technical signals and poor valuation metrics due to negative earnings.
Mobvoi, Inc. (2438) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 394.96M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.00M
- Price to Earnings (P/E)
- -2.9
- Beta (1Y)
- 0.91
- Revenue Growth
- -43.66%
- EPS Growth
- 19.94%
- Country
- Hong Kong
- Employees
- 150
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Infrastructure
Mobvoi, Inc. Business Overview & Revenue Model
Company Description
Mobvoi Inc., an investment holding company, distributes smart devices and various accessories across numerous international markets, including Mainland China, the United States, the United Kingdom, Italy, Spain, Germany, Japan, and Brazil. Beyond har...
How the Company Makes Money
Mobvoi primarily makes money by selling its own branded consumer devices (most notably TicWatch smartwatches) through retail and online channels, where revenue is recognized from hardware product sales. The company may also generate revenue from soft...
Mobvoi, Inc. Financial Statement Overview
Summary
Revenue declining sharply with persistent net losses, though balance sheet shows positive equity and low debt; negative cash flows pose liquidity risks.
Income Statement
25NegativeBalance Sheet
45NeutralCash Flow
20Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 222.86M | 323.03M | 390.35M | 507.06M | 500.19M | 397.91M |
| Gross Profit | 92.10M | 161.72M | 203.41M | 326.08M | 336.15M | 149.20M |
| EBITDA | -71.43M | -68.76M | -202.52M | -789.40M | -672.65M | -165.42M |
| Net Income | -115.61M | -68.85M | -721.49M | -802.60M | -669.80M | -276.30M |
Balance Sheet | ||||||
| Total Assets | 252.59M | 364.90M | 525.25M | 407.14M | 419.49M | 606.46M |
| Cash, Cash Equivalents and Short-Term Investments | 174.26M | 257.05M | 344.25M | 226.23M | 218.36M | 144.65M |
| Total Debt | 24.49M | 55.53M | 29.20M | 3.46M | 29.57M | 35.91M |
| Total Liabilities | 67.52M | 131.02M | 220.95M | 4.54B | 3.72B | 3.53B |
| Stockholders Equity | 185.07M | 233.88M | 304.30M | -4.13B | -3.30B | -2.92B |
Cash Flow | ||||||
| Free Cash Flow | -55.91M | -98.29M | -177.44M | 21.92M | 67.27M | -40.11M |
| Operating Cash Flow | -54.55M | -67.33M | -168.74M | 28.39M | 72.44M | -37.24M |
| Investing Cash Flow | 9.44M | 37.65M | -143.67M | 108.83M | -40.45M | -21.89M |
| Financing Cash Flow | -23.78M | 27.87M | 323.83M | -28.98M | -125.74M | -22.12M |
Mobvoi, Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2438, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.29, and below the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.27 is Neutral, neither overbought nor oversold. The STOCH value of 19.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2438.
Mobvoi, Inc. Peers Comparison
Overall Rating
HK:249551Neutral
HK:271848Neutral
HK:256743Neutral- HK:243839Underperform
HK:212139Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:2495 | 51Neutral | HKD 500.89M | 2.80 | 8.50% | ― | ― | ― |
| HK:2718 | 48Neutral | HKD 4.07B | -0.56 | -261.95% | ― | 9.21% | -5994.15% |
| HK:2567 | 43Neutral | HKD 621.09M | -11.82 | -11.42% | ― | ― | ― |
| HK:2438 | 39Underperform | HKD 394.96M | -2.88 | -55.19% | ― | -43.66% | 19.94% |
| HK:2121 | 39Underperform | HKD 1.90B | -5.59 | -22.29% | ― | 26.08% | 38.72% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2438 | Mobvoi, Inc. | 0.26 | -0.39 | -60.16% | |
| HK:2121 | AInnovation Technology Group Co., Ltd. | 3.37 | -3.18 | -48.63% | |
| HK:2495 | Shanghai Voicecomm Information Technology Co Ltd Class H | 14.10 | -43.25 | -75.41% | |
| HK:2567 | Qiniu Limited | 0.31 | -0.47 | -60.26% | |
| HK:9678 | Unisound AI Technology Co., Ltd. | 51.70 | -474.30 | -90.17% | |
| HK:2718 | Mininglamp Technology Class A | 26.60 | -264.00 | -90.85% |
Mobvoi, Inc. Corporate Events
Mobvoi Widens Interim Loss as It Pivots to AI Agent-Centric Platform
Mobvoi reported interim unaudited results for the first half of 2026 showing revenue of RMB78.7 million and a widened loss of RMB49.6 million, reflecting pressure from a strategic overhaul and the early-stage commercialization of new offerings. Manag...
Mobvoi Warns of Wider Interim Loss Amid Strategic Pivot to Core AI Ecosystem
Mobvoi Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates in the artificial intelligence software and smart hardware industry. The group is building an AI-centric business ecosystem, with its AI Agent technology at the core, f...
Mobvoi Sets Board Meeting to Approve Interim 2026 Results
Mobvoi Inc. has scheduled a board meeting for August 28, 2026 to review and approve the unaudited interim results for the six months ended June 30, 2026. Following board approval, the company plans to publish these interim financial results, which wi...
Mobvoi Grants 46 Million RSU Award Shares Under Post-IPO Incentive Scheme
Mobvoi Inc. has granted 46,195,097 award shares under its post-IPO RSU scheme to 16 participants, including two executive directors and substantial shareholders, 13 other employees, and one service provider, with no purchase price attached. The award...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 15, 2026