Qfin Holdings, Inc.'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), Qfin Holdings, Inc. reported revenue of $19.2B (+11.9% year on year) and net income of $6.0B (-4.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total net revenue | $19.2B | $17.2B | $16.3B | $16.6B |
| 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) | $3.0B | $2.9B | $2.7B | $2.4B |
| Funding costs | $548.9M | $590.9M | $645.4M | $504.4M |
| 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) | $2.5B | $1.7B | $1.9B | $2.2B |
| 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) | $659.0M | $449.5M | $421.1M | $412.8M |
| Provision for loans receivable | $3.6B | $2.8B | $2.2B | $1.6B |
| 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) | $234.9M | $296.9M | $386.1M | $398.0M |
| 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) | $319.5M | $421.5M | $175.8M | $238.1M |
| Provision for contingent liabilities | $1.7B | $478.4M | $3.1B | $4.4B |
| Total operating costs and expenses | $12.5B | $9.6B | $11.4B | $12.1B |
| Income from operations | $6.7B | $7.5B | $4.9B | $4.5B |
| Interest income, net | $278.6M | $237.0M | $217.3M | $182.3M |
| Foreign exchange gain | $159.6M | $1.5M | $2.4M | ($160.2M) |
| Fair value change of derivatives | ($175.7M) | — | — | — |
| Gain on debt extinguishment | $270.1M | — | — | — |
| Other income, net | $165.1M | $125.3M | $230.9M | $268.0M |
| Income before income tax expense | $7.4B | $7.9B | $5.3B | $4.7B |
| Income tax expense | ($1.4B) | ($1.6B) | ($1.0B) | ($736.8M) |
| Net income | $6.0B | $6.2B | $4.3B | $4.0B |
| Net loss attributable to non-controlling interests | $14.0M | $16.2M | $16.8M | $18.6M |
| Net income attributable to ordinary shareholders of the Company | $6.0B | $6.3B | $4.3B | $4.0B |
| Basic (Per share) | $22.48 | $21.02 | $13.36 | $12.87 |
| Diluted (Per share) | $22.01 | $20.64 | $13.04 | $12.50 |
| Basic (in shares) | 266.5M | 298.0M | 320.7M | 312.6M |
| Diluted (in shares) | 272.2M | 303.4M | 328.5M | 322.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $4.7B | $4.5B | $4.2B | $7.2B |
| Restricted cash (including RMB771,798 and RMB1,470,555 from the consolidated trusts as of December 31, 2024 and 2025, respectively) | $2.8B | $2.4B | $3.4B | $3.3B |
| Short term investments | $2.9B | $3.4B | $15.0M | $57.0M |
| Security deposit prepaid to third-party guarantee companies | $325.7M | $162.6M | $207.1M | $396.7M |
| Funds receivable from third party payment service providers | $848.2M | $462.1M | $1.6B | $1.2B |
| Accounts receivable and contract assets, net (net of allowance of RMB261,496 and RMB181,843 as of December 31, 2024 and 2025, respectively) | $950.3M | $2.2B | $2.9B | $2.9B |
| Financial assets receivable, net (net of allowance of RMB390,649 and RMB380,406 as of December 31, 2024 and 2025, respectively) | $1.5B | $1.6B | $2.5B | $3.0B |
| Loans receivable, net (including RMB6,956,948 and RMB12,399,462 from the consolidated trusts as of December 31, 2024 and 2025, respectively) | $34.7B | $26.7B | $24.6B | $15.3B |
| Prepaid expenses and other assets (including RMB109,428 and RMB108,174 from the consolidated trusts as of December 31, 2024 and 2025, respectively) | $773.0M | $1.5B | $329.9M | $379.4M |
| Total current assets | $49.5B | $42.8B | $39.8B | $34.1B |
| Accounts receivable and contract assets, net-noncurrent (net of allowance of RMB10,540 and RMB6,189 as of December 31, 2024 and 2025, respectively) | $22.0M | $27.1M | $147.0M | $261.3M |
| Financial assets receivable, net-noncurrent (net of allowance of RMB55,440 and RMB49,776 as of December 31, 2024 and 2025, respectively) | $209.5M | — | — | — |
| Loans receivable, net-noncurrent (including RMB631,575 and RMB1,754,356 from the consolidated trusts as of December 31, 2024 and 2025, respectively) | $4.0B | $2.5B | $2.9B | $3.1B |
| Property and equipment, net | $637.0M | $362.8M | $231.2M | $47.6M |
| Land use rights, net | $966.6M | $956.7M | $977.5M | $998.2M |
| Intangible assets | $10.7M | $11.8M | $13.4M | $4.7M |
| Goodwill | $45.2M | $42.4M | $41.2M | — |
| Deferred tax assets | $1.4B | $1.2B | $1.1B | $1.0B |
| Other non-current assets | $195.3M | $36.3M | $45.9M | $55.7M |
| Total non-current assets | $7.5B | $5.4B | $6.0B | $6.2B |
| TOTAL ASSETS | $56.9B | $48.1B | $45.8B | $40.3B |
| Payable to investors of the consolidated trusts-current | $9.9B | $8.2B | $8.9B | $6.1B |
| Accrued expenses and other current liabilities | $2.9B | $2.5B | $2.0B | $2.0B |
| Amounts due to related parties | $0 | $67.5M | $80.4M | $113.7M |
| Short term loans | $1.2B | $1.4B | $798.6M | $150.0M |
| Convertible senior notes-current | $1.0B | — | — | — |
| Guarantee liabilities-stand ready | $2.3B | $2.4B | $3.9B | $4.1B |
| Guarantee liabilities-contingent | $1.9B | $1.8B | $3.2B | $3.4B |
| Income tax payable | $1.1B | $1.0B | $742.2M | $661.0M |
| Other tax payable | $9.3M | $109.2M | $163.3M | $182.4M |
| Total current liabilities | $20.4B | $17.5B | $19.9B | $16.7B |
| Deferred tax liabilities | $320.1M | $439.4M | $224.8M | $100.8M |
| Payable to investors of the consolidated trusts-noncurrent | $9.9B | $5.7B | $3.6B | $4.5B |
| Convertible senior notes-noncurrent | $1.6B | — | — | — |
| Other long-term liabilities | $599.6M | $255.2M | $102.5M | $39.5M |
| Total non-current liabilities | $12.4B | $6.4B | $3.9B | $4.7B |
| TOTAL LIABILITIES | $32.8B | $23.9B | $23.8B | $21.4B |
| Ordinary shares (USD0.00001 par value per share 5,000,000,000 shares authorized, 296,540,988 shares issued and 283,981,320 shares outstanding as of December 31, 2024, and 283,019,282 shares issued and 243,823,900 shares outstanding as of December 31, 2025, respectively) | $20000.00 | $21000.00 | $22000.00 | $22000.00 |
| Treasury stock | ($4.1B) | ($1.1B) | ($384.6M) | — |
| Additional paid-in capital | $3.9B | $4.3B | $6.1B | $6.1B |
| Retained earnings | $24.5B | $21.0B | $16.3B | $12.8B |
| Other comprehensive income (loss) | ($195.7M) | $11.9M | ($34.7M) | ($51.8M) |
| TOTAL QFIN HOLDINGS, INC EQUITY | $24.1B | $24.2B | $21.9B | $18.8B |
| Non-controlling interests | $42.1M | $56.2M | $72.4M | $84.1M |
| TOTAL EQUITY | $24.2B | $24.2B | $22.0B | $18.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $6.0B | $6.2B | $4.3B | $4.0B |
| Depreciation, amortization and reduction in right-of-use assets | $68.1M | $74.9M | $73.8M | $77.0M |
| Share-based compensation | $378.4M | $167.6M | $185.6M | $199.7M |
| Provision for loan principal, financial assets receivables and other receivables | $4.2B | $3.5B | $2.7B | $2.2B |
| Provision for contingent liabilities | $1.7B | $478.4M | $3.1B | $4.4B |
| Foreign exchange gain | ($159.6M) | ($1.5M) | ($2.4M) | $160.2M |
| Fair value change of derivatives | $175.7M | — | — | — |
| Gain on debt extinguishment | ($270.1M) | — | — | — |
| Amortization of issuance cost of convertible senior notes | $22.2M | — | — | — |
| Funds receivable from third party payment service providers | ($386.1M) | $1.1B | ($444.6M) | ($1.0B) |
| Accounts receivable and contract assets | $930.7M | $367.8M | ($123.4M) | ($33.2M) |
| Financial assets receivable | ($244.0M) | $1.1B | $143.5M | $338.0M |
| Prepaid expenses and other assets | $742.0M | ($1.1B) | $58.3M | $987.0K |
| Security deposit prepaid to third-party guarantee companies | ($163.1M) | $44.5M | $189.6M | $478.2M |
| Deferred tax | ($292.9M) | $76.0M | $78.1M | ($205.0M) |
| Other non-current assets | $22.6M | ($27.7M) | ($28.0M) | ($53.0M) |
| Amounts due to related parties | ($58.9M) | $28.1M | $355.3M | $443.1M |
| Guarantee liabilities | ($1.7B) | ($3.4B) | ($3.4B) | ($4.9B) |
| Income tax payable | $42.5M | $298.5M | $76.3M | $36.9M |
| Other tax payable | ($66.6M) | ($11.4M) | $13.0M | ($59.0M) |
| Accrued expenses and other current liabilities | $265.0M | $485.7M | $52.6M | ($105.6M) |
| Other long-term liabilities | $6.6M | ($4.2M) | ($7.3M) | $8.6M |
| Interest receivable/ payable | ($67.5M) | ($73.6M) | ($136.4M) | ($31.3M) |
| Net cash provided by operating activities | $11.1B | $9.3B | $7.1B | $5.9B |
| Purchase of property and equipment and intangible assets | ($240.5M) | ($153.2M) | ($84.6M) | ($27.0M) |
| Investment in loans receivable | ($120.4B) | ($102.8B) | ($92.2B) | ($59.8B) |
| Collection of investment in loans receivable | $107.5B | $98.3B | $81.1B | $52.6B |
| Purchase of short-term investments | ($10.1B) | ($4.6B) | ($248.4M) | ($57.0M) |
| Proceeds from disposal of short-term investments | $10.5B | $1.3B | $303.3M | $17.9M |
| Other investing activities | ($208.0M) | — | — | — |
| Net cash used in investing activities | ($13.1B) | ($8.0B) | ($11.1B) | ($7.4B) |
| Repayment of short-term loans | ($2.0B) | ($1.3B) | ($176.0M) | ($643.0M) |
| Proceeds from short-term loans | $1.9B | $1.9B | $824.6M | $340.2M |
| Proceeds from long-term loans | $215.9M | $157.2M | $72.8M | $17.9M |
| Cash received from investors of the consolidated trusts | $19.1B | $13.5B | $10.4B | $8.6B |
| Cash paid to investors of the consolidated trusts | ($13.2B) | ($12.1B) | ($8.5B) | ($4.3B) |
| Stock repurchase | ($4.8B) | ($3.0B) | ($636.2M) | — |
| Dividend to shareholders | ($1.4B) | ($1.3B) | ($941.7M) | ($988.6M) |
| Loans received from non-controlling interests | $9.2M | — | — | $3.0M |
| Proceeds from convertible senior notes,net of issuance cost | $4.9B | — | — | — |
| Repurchase of convertible senior notes | ($1.9B) | — | — | — |
| Net cash from provided by (used in)financing activities | $2.8B | ($2.1B) | $1.1B | $3.2B |
| Effect of foreign exchange rate changes | ($50.5M) | $12.0M | $9.6M | ($18.2M) |
| Net (decrease) increase in cash and cash equivalents | $735.1M | ($753.2M) | ($3.0B) | $1.8B |
| Cash, cash equivalents, and restricted cash, beginning of year | $6.8B | $7.6B | $10.5B | $8.8B |
Qfin Holdings, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.