Qfin Holdings, Inc. QFIN
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Market cap
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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
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS3.15
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.21 | 2.88 | 1.88 | 1.87 | 2.95 | 1.80 | 1.24 | -1.37 | — |
| EPS, diluted | 3.15 | 2.83 | 1.84 | 1.81 | 2.82 | 1.75 | 1.19 | -1.37 | — |
| Shares, diluted (wtd. avg.) | $272.2M | $303.4M | $328.5M | $322.0M | $321.4M | $306.7M | $300.9M | $202.8M | $198.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| 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.
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