LexinFintech Holdings Ltd. LX
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
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Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.88B | $1.95B | $1.84B | $1.43B | $1.79B | $1.78B | $1.52B | $1.10B | $858.0M | — |
| Cost of revenue | $1.24B | $1.26B | $1.20B | $990.4M | $883.7M | $1.23B | $805.7M | $666.9M | $655.1M | — |
| Gross profit | $639.0M | $688.6M | $635.7M | $440.0M | $902.2M | $556.8M | $717.4M | $438.1M | $202.9M | — |
| R&D | $85.1M | $79.2M | $72.3M | $84.6M | $86.2M | $72.7M | $59.8M | $46.6M | $36.2M | — |
| SG&A | $51.7M | $51.3M | $54.6M | $62.6M | $73.9M | $69.2M | $59.2M | $40.7M | $31.3M | — |
| Total operating expenses | $411.3M | $375.4M | $371.0M | $391.5M | $420.4M | $337.2M | $340.0M | $173.1M | $129.8M | — |
| Interest expense | $3.3M | $1.2M | $7.1M | $8.1M | $9.9M | $11.9M | $5.6M | $3.4M | $11.6M | — |
| Pre-tax income | $296.8M | $185.5M | $186.9M | $149.1M | $434.6M | $105.1M | $388.8M | $306.8M | $72.9M | — |
| Income tax | $57.0M | $34.7M | $36.7M | $29.4M | $68.3M | $13.9M | $59.2M | $19.2M | $36.0M | — |
| Net income | $239.8M | $150.8M | $150.1M | $119.7M | $366.3M | $91.2M | $329.6M | $287.6M | $36.9M | — |
| Shares, diluted (wtd. avg.) | 355.1M | 339.3M | 359.8M | 392.8M | 415.0M | 411.2M | 375.8M | 362.8M | 140.9M | 110.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $308.3M | $322.3M | $359.6M | $210.4M | $386.3M | $245.4M | $319.6M | $164.9M | $163.8M | $73.7M |
| Short-term investments | — | $11.0M | $28.2M | $39.1M | — | — | — | — | — | — |
| Inventory | $3.4M | $3.1M | $4.7M | $7.8M | $7.5M | $7.2M | $15.3M | $8.3M | $15.6M | — |
| Total current assets | $2.62B | $2.45B | $2.61B | $2.58B | $2.61B | $2.52B | $2.37B | $1.50B | $1.96B | — |
| Property, plant and equipment | $128.0M | $84.0M | $62.9M | $41.3M | $30.7M | $19.3M | $13.3M | $12.0M | $9.7M | — |
| Other intangibles | $118.5M | $118.2M | $126.4M | $135.1M | $151.6M | $153.3M | — | — | — | — |
| Total assets | $3.31B | $3.05B | $3.26B | $3.30B | $3.30B | $3.12B | $2.76B | $1.81B | $2.26B | — |
| Accounts payable | $14.5M | $10.2M | $7.0M | $3.8M | $2.5M | $6.6M | $29.0M | $19.8M | $30.5M | — |
| Total current liabilities | $1.38B | $1.32B | $1.74B | $1.81B | $1.60B | $1.84B | $1.41B | $1.17B | $1.98B | — |
| Long-term debt | $80.9M | $80.1M | $73.8M | $21.8M | — | — | — | — | — | — |
| Total liabilities | $1.60B | $1.58B | $1.89B | $2.05B | $2.03B | $2.27B | $1.82B | $1.22B | $2.00B | — |
| Retained earnings | $1.12B | $904.9M | $808.5M | $709.6M | $658.4M | $324.0M | $536.4M | $231.5M | -$69.2M | — |
| Total equity | $1.71B | $1.47B | $1.37B | $1.25B | $1.26B | $841.5M | $948.0M | $597.3M | $261.5M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $516.9M | $148.2M | $392.5M | $14.3M | $418.6M | -$32.3M | -$111.8M | $406.5M | $255.5M | — |
| Depreciation and amortisation | $15.1M | $15.1M | $14.8M | $13.8M | $14.2M | $8.2M | $5.7M | $4.4M | $2.9M | — |
| Stock-based compensation | $13.8M | $13.0M | $16.6M | $22.7M | $29.5M | $30.5M | $25.5M | $17.8M | $11.6M | — |
| Capital expenditure | $50.5M | $33.8M | $32.3M | $21.6M | $19.1M | $13.3M | $7.2M | $7.9M | $5.8M | — |
| Investing cash flow | -$373.5M | -$124.0M | $328.8M | -$349.3M | $65.1M | -$327.4M | -$112.6M | $524.2M | -$833.6M | — |
| Financing cash flow | -$147.4M | -$53.1M | -$542.6M | $161.2M | -$279.2M | $189.0M | $439.4M | -$817.1M | $678.1M | — |
| Dividends paid | $54.8M | $22.5M | $19.1M | — | — | — | — | — | — | — |
| Buybacks | $28.9M | — | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-189256.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $858.0M | $1.10B | $1.52B | $1.78B | $1.79B | $1.43B | $1.84B | $1.95B | $1.88B |
| Gross profit | — | $202.9M | $438.1M | $717.4M | $556.8M | $902.2M | $440.0M | $635.7M | $688.6M | $639.0M |
| Net income | — | $36.9M | $287.6M | $329.6M | $91.2M | $366.3M | $119.7M | $150.1M | $150.8M | $239.8M |
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