v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 488,248 $ 335,273
Restricted Cash 668,181 266,944
Short-term investments 5,483,073 9,613,328
Accounts receivable, net 286,344 300,887
Inventories 94,309 96,920
Prepaid expenses and other current assets 17,600 15,721
Income tax receivable 4,225 4,011
Amounts due from related parties 22,518 11,431
Total current assets 7,064,498 10,644,515
Property, plant and equipment 706,059 880,968
Prepaid land lease payments 62,172 61,525
Intangible assets - net 77,679 122,579
Long-term investments 512,324 491,349
Prepayments for acquisition of equipment 2,138 1,340
Deferred tax assets 41,520 37,373
Operating lease right-of-use assets 10,435 16,024
Other non-current assets 18,282 20,488
Goodwill 12,604 27,508
Amounts due from related parties 34,014 33,612
Total non-current assets 1,477,227 1,692,766
Total assets 8,541,725 12,337,281
Current liabilities    
Short-term bank loans and current portion of long-term bank loans (note 13) 229,374 211,919
Accounts payable and accrued liabilities 604,676 802,996
Income tax payable 30,687 207,718
Deferred revenue, current 11,265 12,211
Deferred government grants, current 3,035 1,728
Dividend payable 657,856 212,960
Operating lease liabilities, current 2,118 2,366
Amounts due to related parties 1,354  
Total current liabilities 1,540,365 1,451,898
Deferred government grants, non-current 5,892 4,843
Long-term bank loans 265,484 163,840
Deferred tax liabilities 325,068 410,049
Operating lease liabilities, non-current 8,640 13,198
Other non-current liabilities 24 23
Total long-term liabilities 605,108 591,953
Total liabilities 2,145,473 2,043,851
Commitments and contingencies (notes 19 and 26)
EQUITY    
Common stock ($0.001 par value; 100,000,000 shares authorized; 71,860,702 and 71,860,702 shares issued and outstanding as of December 31, 2025 and 2024, respectively) 72 72
Additional paid-in capital 550,168 550,168
Accumulated other comprehensive loss (513,252) (707,806)
Statutory surplus reserves 1,586,013 1,581,467
Retained earnings 2,815,942 6,838,357
Total Sinovac shareholders' equity 4,438,943 8,262,258
Non-controlling interests 1,957,309 2,031,172
Total equity 6,396,252 10,293,430
Total liabilities and equity $ 8,541,725 $ 12,337,281