Trip.com Has $15 Billion in Cash and a 25% YTD Loss. That Math Doesn't Add Up

Core Insights - Trip.com Group (NASDAQ: TCOM) reported a strong performance in Q4 2025, with revenue reaching $2.203 billion, representing a 21% year-over-year increase [1] - The company's net income nearly doubled compared to the same period last year, indicating significant growth in profitability [1] Financial Performance - Q4 revenue of $2.203 billion, up 21% year-over-year [1] - Net income nearly doubled compared to the prior year period, showcasing improved financial health [1]