← Qfin Holdings, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $788.1m |
$646.8m
-17.93%
|
$1.3b
+104.76%
|
$2.1b
+56.97%
|
$2.6b
+25.58%
|
$2.4b
-8.06%
|
$16.3b
+578.72%
|
$17.2b
+5.38%
|
$19.2b
+11.88%
|
$15.0b
-21.93%
|
|
| Total net revenue | $788.1m | $4.4b | $9.2b | $13.6b | $16.6b | $16.6b | $16.3b | $17.2b | $19.2b | — | |
| Cost of Revenue | $136.1m |
$106.0m
-22.10%
|
$155.6m
+46.77%
|
$245.3m
+57.63%
|
$353.4m
+44.08%
|
$344.1m
-2.63%
|
$374.6m
+8.87%
|
$397.4m
+6.07%
|
$429.3m
+8.02%
|
— | |
| Gross Profit (Calculated) | $652.0m |
$540.8m
-17.07%
|
$1.2b
+116.13%
|
$1.8b
+56.88%
|
$2.3b
+23.10%
|
$2.1b
-8.91%
|
$1.9b
-6.63%
|
$2.0b
+1.80%
|
$2.3b
+18.56%
|
— | |
| Interest Income (Expense), Net | — | — | ($6.0m) |
$11.8m
+297.41%
|
$19.8m
+67.52%
|
— | — | — | — | $9.0b | |
| Selling and Marketing Expense | $345.6m | $192.3m | $409.6m | $165.4m | $328.0m | $320.0m | $273.2m | $236.4m | $353.1m | $3.0b | |
| Sales and marketing (including expenses charged by related parties of RMB223,627, RMB103,786 and RMB156,020 for the years ended December 31, 2023, 2024 and 2025, respectively) | $345.6m | $1.3b | $2.9b | $1.1b | $2.1b | $2.2b | $1.9b | $1.7b | $2.5b | — | |
| General and Administrative Expense | $46.0m | $82.8m | $61.5m | $69.9m | $87.5m | $59.9m | $59.3m | $61.6m | $94.2m | $621.1m | |
| General and administrative (including expenses charged by related parties of RMB13,610, RMB13,110 and RMB12,263 for the years ended December 31, 2023, 2024 and 2025, respectively) | $46.0m | $569.4m | $428.2m | $456.0m | $557.3m | $412.8m | $421.1m | $449.5m | $659.0m | — | |
| Operating Lease, Expense | — | — | $20.1m | $29.0m | $51.6m | $63.7m | $61.0m | $62.4m | $61.3m | — | |
| Total operating costs and expenses | $577.5m | $2.8b | $6.3b | $9.8b | $9.8b | $12.1b | $11.4b | $9.6b | $12.5b | — | |
| Operating Income (Loss) | $210.6m |
$239.2m
+13.57%
|
$415.6m
+73.77%
|
$580.9m
+39.75%
|
$1.1b
+83.33%
|
$648.4m
-39.11%
|
$684.1m
+5.50%
|
$1.0b
+50.77%
|
$955.0m
-7.41%
|
— | |
| Investment Income, Interest | $2.4m | $1.5m | — | — | — | — | — | — | — | — | |
| Interest income, net | — | — | ($41.7m) | $77.2m | $126.3m | $182.3m | $217.3m | $237.0m | $278.6m | $9.0b | |
| Interest Income | — | — | — | — | — | $3.7b | $5.3b | $6.9b | $8.8b | $9.0b | |
| Investment Income, Net | — | — | — | — | $1.6m | ($2.9m) | ($4.2m) | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($373k) | ($3.6m) | $15.6m | $5.6m | ($23.2m) | $332k | $207k | $22.8m | — | |
| Gain (Loss) on Investments | — | — | — | — | — | ($2.9m) | ($4.2m) | — | — | — | |
| Gain On Sale Of Security | — | — | — | — | — | ($19.9m) | ($30.1m) | $0 | ($175.7m) | ($220.7m) | |
| Other income, net | $22k | $7.7m | $140.3m | $112.9m | $64.6m | $268.0m | $230.9m | $125.3m | $165.1m | — | |
| Other Nonoperating Income (Expense) | $22k | $1.1m | $20.1m | $17.3m | $10.1m | $38.9m | $32.5m | $17.2m | $23.6m | — | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | $26.4m | $30.6m | $32.5m | $39.8m | $9.0b | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | $7.3b | $6.3b | |
| Pre-Tax Income | $213.0m | $1.7b | $3.0b | $4.1b | $7.0b | $4.7b | $5.3b | $7.9b | $7.4b | $6.3b | |
| Income before income tax expense | $213.0m | $1.7b | $3.0b | $4.1b | $7.0b | $4.7b | $5.3b | $7.9b | $7.4b | $6.3b | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $213.0m | $241.4m | $426.2m | $625.6m | $1.1b | $687.6m | $743.3m | $1.1b | $1.1b | $6.3b | |
| Current Income Tax Expense (Benefit) | $115.8m | $375.1m | $1.2b | $1.4b | $1.1b | $945.3m | $935.9m | $1.6b | $1.7b | $1.2b | |
| Income tax expense | ($48.2m) | ($466.4m) | ($466.0m) | ($586.0m) | ($1.3b) | ($736.8m) | ($1.0b) | ($1.6b) | ($1.4b) | $1.2b | |
| Income Tax Expense (Benefit) | $48.2m | $67.8m | $66.9m | $89.8m | $197.4m | $106.8m | $142.1m | $225.3m | $200.3m | $1.2b | |
| Net loss attributable to non-controlling interests | — | — | $291k | $897k | $17.2m | $18.6m | $16.8m | $16.2m | $14.0m | — | |
| Net Income From Continuing And Discontinued Operation | $164.9m | $173.6m | $2.5b | $3.5b | $5.8b | $4.0b | $4.3b | $6.3b | $6.0b | $5.1b | |
| Net Income Continuous Operations | — | — | — | — | — | $4.0b | $4.3b | $6.2b | $6.0b | $5.1b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $164.9m |
($277.0m)
-268.01%
|
$359.3m
+229.73%
|
$535.9m
+49.13%
|
$907.3m
+69.31%
|
$583.5m
-35.69%
|
$603.6m
+3.45%
|
$858.2m
+42.19%
|
$856.5m
-0.20%
|
$5.1b
+492.26%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($42k) | ($137k) | ($2.7m) | ($2.7m) | ($2.4m) | ($2.2m) | ($2.0m) | $5.1b | |
| Preferred Stock Dividends, Income Statement Impact | — | $451 | — | — | $277 | $863 | $762 | — | — | — | |
| Earnings Per Share, Basic | $0.83 | ($1.37) | $1.24 | $1.80 | $2.95 | $1.87 | $1.88 | $2.88 | $3.21 | $39.40 | |
| Earnings Per Share, Diluted | $0.83 | ($1.37) | $1.19 | $1.75 | $2.82 | $1.81 | $1.84 | $2.83 | $3.15 | $38.56 | |
| Basic (in shares) | $198.3m | $202.8m | $288.8m | $298.2m | $307.3m | $312.6m | $320.7m | $298.0m | $266.5m | $128.6m | |
| Diluted (in shares) | $198.3m | $202.8m | $300.9m | $306.7m | $321.4m | $322.0m | $328.5m | $303.4m | $272.2m | $131.2m | |
| Weighted Average Number of Shares Outstanding, Basic | 198.3m | 202.8m | 288.8m | 298.2m | 307.3m | 312.6m | 320.7m | 298.0m | 266.5m | 128.6m | |
| Basic Average Shares | — | — | — | — | — | $156.3m | $160.4m | $149.0m | $133.2m | $128.6m | |
| Diluted Average Shares | — | — | — | — | — | $161.0m | $164.3m | $151.7m | $136.1m | $131.2m | |
| Weighted Average Number of Shares Outstanding, Diluted | 198.3m | 202.8m | 300.9m | 306.7m | 321.4m | 322.0m | 328.5m | 303.4m | 272.2m | 131.2m | |
| Additional Financial Items | |||||||||||
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $0 | $0 | — | |
| Provision for loans receivable | $12.4m | $44.5m | $487.0m | $698.7m | $965.4m | $1.6b | $2.2b | $2.8b | $3.6b | — | |
| Provision for financial assets receivable (including provision generated from related parties of RMB633, RMB(200) and RMB(1,150) for the years ended December 31, 2023, 2024 and 2025, respectively) | $16.3m | $54.0m | $166.2m | $312.1m | $243.9m | $398.0m | $386.1m | $296.9m | $234.9m | — | |
| Provision for accounts receivable and contract assets (including provision generated from related parties of RMB(10,197), RMB1,861 and RMB(1,523) for the years ended December 31, 2023, 2024 and 2025, respectively) | $21.2m | $83.7m | $230.3m | $237.3m | $324.6m | $238.1m | $175.8m | $421.5m | $319.5m | — | |
| Provision for contingent liabilities | — | — | — | $4.8b | $3.1b | $4.4b | $3.1b | $478.4m | $1.7b | — | |
| Foreign exchange gain | — | ($2.6m) | ($24.9m) | $101.5m | $35.5m | ($160.2m) | $2.4m | $1.5m | $159.6m | — | |
| Investment loss | — | — | — | — | $10.1m | ($19.9m) | ($30.1m) | — | — | — | |
| Diluted EPS | — | — | — | — | — | $25.00 | $26.08 | $41.28 | $44.02 | $38.56 | |
| Diluted NI Availto Com Stockholders | $164.9m | $173.6m | $2.5b | $3.5b | $5.8b | $4.0b | $4.3b | $6.3b | $6.0b | $5.1b | |
| Minority Interests | — | — | $291k | $897k | $17.2m | $18.6m | $16.8m | $16.2m | $14.0m | $14.0m | |
| Normalized Income | — | — | — | — | — | $4.0b | $4.3b | $6.3b | $5.8b | $4.8b | |
| Other Gand A | $46.0m | $569.4m | $428.2m | $456.0m | $557.3m | $412.8m | $421.1m | $449.5m | $659.0m | — | |
| Reconciled Depreciation | — | — | — | — | — | $77.0m | $73.8m | $74.9m | $68.1m | $68.1m | |
| Selling General And Administration | — | — | — | — | — | $2.6b | $2.4b | $2.2b | $3.1b | — | |
| Special Income Charges | — | — | — | — | — | — | $0 | $0 | $270.1m | $385.0m | |
| Tax Effect Of Unusual Items | — | — | — | — | — | $0 | $0 | $0 | $51.3m | $75.7m | |
| Tax Provision | — | — | — | — | — | $736.8m | $1.0b | $1.6b | $1.4b | $1.2b | |
| Tax Rate For Calcs | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Costs and Expenses | $577.5m | $407.6m | $908.7m | $1.5b | $1.5b | $1.8b | $1.6b | $1.3b | $1.8b | — | |
| Facilitation, origination and servicing (including costs charged by related parties of RMB118,849, RMB116,511 and RMB123,968 for the years ended December 31, 2023, 2024 and 2025, respectively) | $136.1m | $729.0m | $1.1b | $1.6b | $2.3b | $2.4b | $2.7b | $2.9b | $3.0b | — | |
| Funding costs | $14.4m | $71.6m | $345.0m | $595.6m | $337.4m | $504.4m | $645.4m | $590.9m | $548.9m | — | |
| Total Unusual Items | — | — | — | — | — | — | $0 | $0 | $270.1m | $385.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.