Hello Group Inc.

Rank #239Hypergrowth

MOMO · Nasdaq · Communication Services

Hello Group Inc. (MOMO) — Rank #239 by gross profitability (GP/assets 0.28) · ROE 7.3% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0001610601 · all metrics point-in-time as of the filing date.

About

Hello Group Inc. provides mobile-based social and entertainment services in the People's Republic of China and internationally.

The company operates in three segments: Momo, Tantan, and QOOL. It offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke, and user participated reality shows; Tantan, a social and social and dating application; and other applications under the Hertz, Soulchill, Happn, and Duidui names. The company also provides live video services for various content and activities comprising talent shows, short videos as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; broadcasters and viewers; value-added services; advertising and marketing solutions; and mobile games. The company was formerly known as Momo Inc. and changed its name to Hello Group Inc. in August 2021. Hello Group Inc.

was founded in 2011 and is headquartered in Beijing, the People's Republic of China.

Industry: Internet Content & Information
Sector: Communication Services
Filer Category: Large accelerated filer
Website: ir.hellogroup.com

Price History

MOMO-44.0% · -10.9% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$714.59M

P/E (annual)

2.1

P/S (annual)

0.1

P/B

0.1

P/OCF (annual)

0.6

Shareholder Yield

16.8%

Employees

1,400

Industry

Internet Content & Information

Exchange

Nasdaq

Signal Flags

2 green1 yellow1 red

Revenue growth acceleratingGrowth rate increasing year over year

Deferred revenue growingRevenue and deferred revenue both growing — retention signal

Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Operating margin decliningOperating margin lower than prior year

Quality Profile

Profitability

1/1 pass

GP / assets

0.28

Return on equity

7.3%

Gross margin trend

PASS

Safety

1/1 pass

Balance-sheet safety

PASS

Debt / equity

0.24

Current ratio

4.68×

Net cash

$6.95B

Cash Flow

2/3 pass

Positive FCF

PASS

Cash-backed earnings

WARN

Accruals healthy

PASS

SBC / revenue

1.6%

Growth

2/2 pass

Revenue growth

1774.4%

Piotroski F-Score

N/A

Share dilution

-16.8%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

What Growth Is Priced In

Implied revenue growth (10Y)

-24.6%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Buyback tailwind: -16.8% — per-share value needs a total required return of -41.4% once share-count change is priced in.

vs. own 6-year median revenue growth: 821.6%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-26.8%

r = 10% (base)

-24.6%

r = 12%

-22.7%

Net debt / market cap: -412.8%

Base FCF: $690.6M3Y mean FCF: $216.8M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

3.2xCheap

3.2xmed 26.0x549.7x

P / S

Price / revenue per share

0.5xCheap

0.5xmed 16.4x242.4x

P / B

Price / book value per share

0.5xCheap

0.5xmed 2.2x24.0x

P / GP

Price / gross profit per share

1.0xCheap

1.0xmed 27.7x3755.3x

P / FCF

Price / free cash flow per share

2.4xCheap

2.0xmed 21.4x151.4x

Disclosure regression check

A previously-disclosed line item is no longer reported. Worth checking the filing for why.

R&D expenseCost structure

last seen FY2018

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.28

Primary signal (Novy-Marx).

32nd pctl of 38 SIC 7372 peers

Return on equity

7.3%

Gross margin

37.8%

0th pctl of 38 SIC 7372 peers

Revenue growth (YoY)

1774.4%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

	2015	2016	2017	2020
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

—

Revenue CAGR (5Y)

-7.2%

Earnings CAGR (3Y)

-18.5%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.24

81st pctl of 33 SIC 7372 peers (best = lowest)

Current ratio

4.68×

86th pctl of 38 SIC 7372 peers

Quick ratio

2.74×

Net cash

$6.95B

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$690.59M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

-0.14

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.6%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

2013-2020

20132020

Hypergrowth

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