FinVolution Group's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), FinVolution Group reported revenue of $13.6B (+3.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $13.6B | $13.1B | $11.5B | $10.0B |
| Origination, servicing expenses and other cost of revenue | ($2.9B) | ($2.4B) | ($2.1B) | ($2.0B) |
| Origination, servicing expenses and other cost of revenue-related party | ($29.9M) | — | $0 | ($37.0K) |
| Sales and marketing expenses | ($2.2B) | ($2.0B) | ($1.9B) | ($1.7B) |
| General and administrative expenses | ($442.1M) | ($413.5M) | ($390.0M) | ($401.7M) |
| Research and development expenses | ($536.6M) | ($496.7M) | ($511.0M) | ($491.5M) |
| Credit losses for quality assurance commitment | ($3.5B) | ($4.6B) | ($4.4B) | ($3.2B) |
| Provision for loans receivable | ($637.7M) | ($320.0M) | ($586.8M) | ($415.9M) |
| Provision for accounts receivable and contract assets | ($426.0M) | ($317.0M) | ($253.9M) | ($390.9M) |
| Impairment of goodwill and intangible assets | ($50.7M) | — | — | — |
| Total operating expenses | ($10.7B) | ($10.5B) | ($10.2B) | ($8.6B) |
| Interest expenses | ($28.5M) | — | — | — |
| Non-Operating Income (Expense) | $216.6M | $310.1M | $394.7M | $220.7M |
| Profit before income tax expenses | $3.1B | $2.8B | $2.8B | $2.7B |
| Income tax expenses | ($556.2M) | ($457.4M) | ($395.1M) | ($454.8M) |
| Net profit | $2.5B | $2.4B | $2.4B | $2.3B |
| Net profit attributable to non-controlling interest shareholders | ($2.8M) | ($4.7M) | ($42.6M) | ($14.9M) |
| Net profit attributable to FinVolution Group’s ordinary shareholders | $2.5B | $2.4B | $2.3B | $2.3B |
| Foreign currency translation adjustment, net of nil tax | ($79.6M) | $12.6M | $27.8M | $69.0M |
| Total comprehensive income | $2.5B | $2.4B | $2.4B | $2.4B |
| Total comprehensive income attributable to non-controlling interest shareholders | ($2.8M) | ($4.7M) | ($42.6M) | ($14.9M) |
| Total comprehensive income attributable to FinVolution Group’s ordinary shareholders | $2.5B | $2.4B | $2.4B | $2.3B |
| Weighted Average Shares Outstanding | 1.3B | 1.3B | 1.4B | 1.4B |
| Weighted Average Shares Outstanding, Diluted | 1.3B | 1.3B | 1.4B | 1.5B |
| Basic | $2.02 | $1.85 | $1.70 | $1.60 |
| Diluted | $1.92 | $1.81 | $1.67 | $1.56 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and Cash Equivalents | $4.3B | $4.7B | $5.0B | $3.6B |
| Restricted Cash, Current | $1.9B | $2.1B | $1.8B | $2.8B |
| Short-Term Investments | $3.0B | $2.8B | $3.0B | $3.4B |
| Accounts Receivable | $2.0B | $2.4B | $2.2B | $2.2B |
| Quality assurance receivable, net of credit loss allowance for quality assurance receivable of RMB426,949 and RMB581,475 as of December 31, 2024 and 2025, respectively | $1.3B | $1.6B | — | — |
| Other Non-Operating Current Assets | $6.5B | $4.2B | — | — |
| Property, Plant and Equipment | $641.3M | $623.8M | $140.9M | $141.3M |
| Operating Lease Right-of-Use Asset | $52.0M | $36.8M | $38.1M | $192.4M |
| Intangible Assets | $270.2M | $137.3M | $98.7M | $98.7M |
| Goodwill | $79.8M | $50.4M | $50.4M | $50.4M |
| Long-Term Investments | $1.1B | $1.2B | $1.1B | $1.1B |
| Deferred Tax Assets, Non-Current | $3.0B | $2.5B | $1.6B | $919.4M |
| Other Non-Operating Current Assets | $1.2B | $1.3B | $3.4B | $3.0B |
| Other Non-Operating Current Assets | $36.7M | — | — | — |
| Total assets | $25.4B | $23.6B | $21.3B | $21.4B |
| Other Current Liabilities | $1.1B | $1.5B | $1.9B | $1.8B |
| Liability from quality assurance commitment | $2.6B | $3.0B | — | — |
| Retirement Related Liabilities, Current | $361.2M | $290.4M | $261.5M | $274.4M |
| Taxes Payable | $177.1M | $705.9M | $207.5M | $134.0M |
| Funds payable to investors of consolidated trusts (including funds payable to investors of consolidated trusts of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB793,720 and RMB778,531 as of December 31, 2024 and 2025, respectively) | $778.5M | $796.1M | — | — |
| Contract Liabilities | $226.0K | $10.2M | $5.1M | $5.1M |
| Short-Term Debt | $170.4M | $5.6M | $5.8M | — |
| Amounts due to related parties (including amounts due to related parties of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB130 and RMB5,809 as of December 31, 2024 and 2025, respectively) | $18.7M | $13.3M | — | — |
| Operating Lease Liability, Non-Current | $44.7M | $28.8M | $35.9M | $177.0M |
| Deferred Tax Liabilities, Current | $786.6M | $491.2M | $340.6M | $232.2M |
| Other Current Liabilities | $1.4B | $1.2B | $941.8M | $908.7M |
| Convertible senior notes | $1.0B | — | — | — |
| Long-Term Debt | $89.6M | — | — | — |
| Total liabilities | $8.6B | $8.1B | $7.4B | $8.9B |
| Total Stockholders' Equity | $103.0K | $103.0K | $103.0K | $103.0K |
| Additional Paid-In Capital | $5.9B | $5.8B | $5.7B | $5.7B |
| Treasury stock (283,820,445 and 333,628,335 shares as of December 31, 2024 and 2025, respectively) | -2.5B | -1.8B | -1.2B | -568.6M |
| Statutory reserves | $1.0B | $852.7M | $762.5M | $698.4M |
| Accumulated Other Comprehensive Income | $13.0M | $92.6M | $80.0M | $52.2M |
| Retained Earnings | $12.1B | $10.2B | $8.4B | $6.5B |
| Total FinVolution Group shareholders’ equity | $16.6B | $15.2B | $13.7B | $12.4B |
| Noncontrolling Interest | $293.9M | $349.6M | $122.1M | $72.8M |
| Total shareholders’equity | $16.8B | $15.6B | $13.9B | $12.4B |
| Total liabilities and shareholders’ equity | $25.4B | $23.6B | $21.3B | $21.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Profit or Loss | $2.5B | $2.4B | $2.4B | $2.3B |
| Net Cash from Operating Activities | $637.7M | $320.0M | — | — |
| Provision for accounts receivable and contract assets | $426.0M | $317.0M | $253.9M | $390.9M |
| Provision for quality assurance receivable | $455.5M | $378.7M | $354.4M | $176.3M |
| Depreciation Expense | $66.5M | $69.5M | $22.5M | $23.8M |
| Amortization of right-of-use asset and interest of leasing liabilities | $22.4M | $16.8M | $46.6M | $41.2M |
| Change in fair value of short-term investments | $19.2M | ($45.6M) | ($32.5M) | ($9.8M) |
| Gain or loss from investments | $28.7M | ($7.8M) | — | — |
| Net gain from investment in loans | ($1.3B) | ($853.8M) | ($1.0B) | ($1.2B) |
| Share-based compensation | $149.0M | $144.1M | $116.4M | $89.0M |
| Goodwill Impairment | $50.7M | — | — | — |
| Interest Expense | $200.0K | $168.0K | — | — |
| Accounts receivable and contract assets | ($47.3M) | ($514.4M) | ($245.0M) | ($717.5M) |
| Quality assurance receivable | ($131.1M) | ($262.7M) | ($440.1M) | ($914.4M) |
| Deferred tax assets | ($478.2M) | ($863.3M) | ($705.0M) | ($463.6M) |
| Prepaid expenses and other assets | $182.8M | $1.7B | $124.4M | ($1.2B) |
| Deferred guarantee income | ($396.9M) | ($366.1M) | $76.9M | $715.7M |
| Liability from quality assurance commitment | ($389.3M) | ($342.0M) | ($249.5M) | $367.1M |
| Change in Accrued Liabilities | $70.8M | $28.4M | ($12.9M) | $21.5M |
| Taxes payable | ($527.5M) | $499.1M | $73.5M | ($66.6M) |
| Change in Deferred Revenue | ($10.0M) | $5.1M | $0 | ($3.3M) |
| Leasing liabilities | ($24.1M) | ($22.9M) | ($43.5M) | ($40.8M) |
| Deferred tax liabilities | $292.9M | $141.7M | $108.4M | $94.6M |
| Change in Accrued Liabilities | $260.9M | $157.6M | $45.1M | $188.7M |
| Net cash provided by operating activities | $1.9B | $2.9B | $1.4B | $268.8M |
| Collection of loans originated and held by the Group | $16.8B | $6.9B | $7.3B | $10.8B |
| Investment in loans originated and held by the Group | ($18.4B) | ($9.4B) | ($5.8B) | ($10.1B) |
| Proceeds from disposal of investments | $37.7M | $7.6M | $6.0M | $3.2M |
| Purchase of investments | ($35.2M) | ($35.2M) | ($67.8M) | ($119.9M) |
| Proceeds from Investments | $7.9B | $7.5B | $12.4B | $15.0B |
| Purchase of short-term investments | ($8.1B) | ($7.3B) | ($11.9B) | ($17.1B) |
| Purchase of property, equipment and software | ($84.2M) | ($27.8M) | ($538.1M) | ($52.8M) |
| Purchase of intangible assets | ($9.2M) | — | — | $0 |
| Net funds paid on behalf of customers | ($23.2M) | ($16.4M) | — | — |
| Proceeds from disposal of a subsidiary | ($9.9M) | ($703.0K) | $4.0M | — |
| Cash paid for business combinations, net of cash acquired | ($216.8M) | $101.4M | — | — |
| Net cash provided by (used in) investing activities | ($2.2B) | ($2.3B) | $1.4B | ($1.6B) |
| Cash received from investors - consolidated trusts | $1.5B | $780.0M | — | — |
| Cash paid to investors - consolidated trusts | ($1.6B) | ($439.6M) | — | — |
| Net funds held for customers | ($35.8M) | $121.7M | — | — |
| Proceeds from Debt Issuance | $213.8M | $28.1M | $5.8M | — |
| Repayment of short-term borrowings | ($42.1M) | ($28.3M) | — | $0 |
| Cash paid for dividends | ($510.2M) | ($441.3M) | ($430.4M) | ($372.5M) |
| Repurchase of ordinary shares | -767.0M | -643.2M | -694.5M | -340.8M |
| Proceeds from Stock Issuance | $10.3M | — | $2.3M | $10.6M |
FinVolution Group score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.