Qfin Holdings, Inc. QFIN

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived Nasdaq

Last close —
Market cap —
52-week range — - —

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

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS3.15

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $2.75B$2.35B$2.29B$2.40B$2.61B$2.08B$1.32B$646.8M—
Cost of revenue $429.3M$397.4M$374.6M$344.1M$353.4M$245.3M$155.6M$106.0M—
Gross profit $2.32B$1.95B$1.92B$2.06B$2.26B$1.83B$1.17B$540.8M—
SG&A $94.2M$61.6M$59.3M$59.9M$87.5M$69.9M$61.5M$82.8M—
Total operating expenses $1.79B$1.32B$1.61B$1.75B$1.55B$1.50B$908.7M$407.6M—
Operating income $955.0M$1.03B$684.1M$648.4M$1.06B$580.9M$415.6M$239.2M—
Interest expense ————$19.8M$11.8M$6.0M——
Pre-tax income $1.05B$1.08B$743.3M$687.6M$1.10B$625.6M$426.2M$241.4M—
Income tax $200.3M$225.3M$142.1M$106.8M$197.4M$89.8M$66.9M$67.8M—
Net income $854.5M$856.0M$601.2M$580.8M$904.6M$535.7M$359.3M$173.6M—
EPS, basic 3.212.881.881.872.951.801.24-1.37—
EPS, diluted 3.152.831.841.812.821.751.19-1.37—
Shares, diluted (wtd. avg.) 272.2M303.4M328.5M322.0M321.4M306.7M300.9M202.8M198.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $671.6M$973.2M$1.04B$1.48B$1.27B$1.06B$587.9M$289.2M$139.1M
Short-term investments $407.9M$465.0M$2.1M$8.3M—————
Total current assets $7.08B$5.86B$5.61B$4.94B$4.36B$3.35B$2.80B$1.07B—
Property, plant and equipment $91.1M$49.7M$32.6M$6.9M$3.9M$3.0M$2.5M$999.0K—
Goodwill $6.5M$5.8M$5.8M——————
Other intangibles $1.5M$1.6M$1.9M$681.0K$778.0K$522.0K$504.0K$123.0K—
Total assets $8.14B$6.59B$6.45B$5.85B$5.26B$3.74B$2.92B$1.07B—
Total current liabilities $2.91B$2.39B$2.80B$2.43B$2.22B$2.05B$1.39B$420.9M—
Total liabilities $4.69B$3.27B$3.35B$3.10B$2.87B$2.28B$1.89B$423.2M—
Retained earnings $3.50B$2.87B$2.30B$1.86B$1.51B$634.1M$297.5M-$62.6M—
Total equity $3.45B$3.31B$3.09B$2.73B$2.39B$1.45B$1.04B$645.8M—

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $1.58B$1.28B$1.00B$858.7M$908.5M$816.2M$427.1M$41.5M—
Depreciation and amortisation $9.7M$10.3M$10.4M$11.2M$13.5M$10.4M$6.8M$547.0K$3.4M
Stock-based compensation $54.1M$23.0M$26.1M$29.0M$39.8M$46.2M$36.0M$88.3M—
Capital expenditure $34.4M$21.0M$11.9M$3.9M$4.0M$2.3M$3.7M$1.2M—
Investing cash flow -$1.87B-$1.10B-$1.57B-$1.07B-$951.6M$136.8M-$1.27B$47.7M—
Financing cash flow $398.1M-$289.7M$150.2M$464.5M$355.2M-$503.1M$1.11B$66.5M—
Buybacks $693.3M$407.3M$89.6M——————

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 0001104659-26-049501.

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.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2018: 646.8M Gross profit, FY2018: 540.8M Net income, FY2018: 173.6M Revenue, FY2019: 1.3B Gross profit, FY2019: 1.2B Net income, FY2019: 359.3M Revenue, FY2020: 2.1B Gross profit, FY2020: 1.8B Net income, FY2020: 535.7M Revenue, FY2021: 2.6B Gross profit, FY2021: 2.3B Net income, FY2021: 904.6M Revenue, FY2022: 2.4B Gross profit, FY2022: 2.1B Net income, FY2022: 580.8M Revenue, FY2023: 2.3B Gross profit, FY2023: 1.9B Net income, FY2023: 601.2M Revenue, FY2024: 2.4B Gross profit, FY2024: 2B Net income, FY2024: 856M Revenue, FY2025: 2.7B Gross profit, FY2025: 2.3B Net income, FY2025: 854.5M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $646.8M $1.32B $2.08B $2.61B $2.40B $2.29B $2.35B $2.75B
Gross profit — $540.8M $1.17B $1.83B $2.26B $2.06B $1.92B $1.95B $2.32B
Net income — $173.6M $359.3M $535.7M $904.6M $580.8M $601.2M $856.0M $854.5M

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