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$SOHU
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Consolidated Balance Sheets

In millions of USD, except per-share amounts
Q4 FY2025
As of Dec 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q4 FY2020
As of Dec 31, 2020
Q4 FY2019
As of Dec 31, 2019
Q4 FY2018
As of Dec 31, 2018
ASSETS
Current assets:
Cash and cash equivalents
Restricted cash
Short-term investments
Accounts receivable, net (including $494 and $1,252, respectively, due from a related party as of December 31, 2024 and 2025)
Prepaid and other current assets (including $33,170 and $33,924, respectively, due from a related party as of December 31, 2024 and 2025)
Total current assets
Fixed assets, net
Goodwill
Long-term investments, net
Intangible assets, net
Long-term time deposits
Other assets
Total assets
LIABILITIES
Current liabilities:
Accounts payable (including accounts payable of consolidated variable interest entities ("VIEs") without recourse to the Company of $5,159 and $5,275, respectively, as of December 31, 2024 and 2025)
Accrued liabilities (including accrued liabilities of consolidated VIEs without recourse to the Company of $24,700 and $21,631, respectively, as of December 31, 2024 and 2025)
Receipts in advance and deferred revenue (including receipts in advance and deferred revenue of consolidated VIEs without recourse to the Company of $46,845 and $52,335, respectively, as of December 31, 2024 and 2025)
Accrued salary and benefits (including accrued salary and benefits of consolidated VIEs without recourse to the Company of $3,046 and $2,309, respectively, as of December 31, 2024 and 2025)
Tax payables (including tax payables of consolidated VIEs without recourse to the Company of $2,353 and $1,970, respectively, as of December 31, 2024 and 2025)
Other short-term liabilities (including other short-term liabilities of consolidated VIEs without recourse to the Company of $10,488 and $8,613, respectively, as of December 31, 2024 and 2025, and due to a related party of $34,123 as of December 31 of both 2024 and 2025.)
Total current liabilities
Long-term other payables
Long-term tax liabilities (including long-term tax liabilities of consolidated VIEs without recourse to the Company of $12,830 and  $13,121, respectively, as of December 31, 2024 and 2025)
Deferred tax liabilities
Other long-term liabilities (including other long-term liabilities of consolidated VIEs without recourse to the Company of $53 and nil, respectively, as of December 31, 2024 and 2025)
Total long-term liabilities
Total liabilities
SHAREHOLDERS' EQUITY
Sohu.com Limited shareholders' equity:
Ordinary Shares: $0.001 par value per share (75,400 shares authorized; 30,065 shares and 26,069 shares, respectively, issued and outstanding as of December 31, 2024 and 2025)
Additional paid-in capital
Treasury Stock: $0.001 par value per share (345 shares and 199 shares, respectively, as of December 31, 2024 and 2025)
Accumulated other comprehensive loss
Accumulated earnings
Total Sohu.com Limited shareholders' equity
Noncontrolling interest
Total shareholders' equity
Total liabilities and shareholders' equity

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