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JFU

9F Inc.

JFU

9F Inc. • NASDAQ
$4.87 ▲ 11.84% (+0.52)
Market Cap $57.28 M
52w High $5.88
52w Low $1.01
Dividend Yield 0%
P/E 1.58
Volume 5.78K
Outstanding Shares 11.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $83.603M $55.26M $18.742M 22.418% $1.59 $15.713M ▼
Q3-2024 $83.603M ▲ $55.26M ▼ $18.742M ▲ 22.418% ▲ $1.59 ▲ $16.806M ▲
Q2-2024 $71.383M $68.531M $6.25M 8.755% $0.53 $-30.739M
Q1-2024 $71.383M ▼ $68.531M ▲ $6.25M ▲ 8.755% ▲ $0.53 ▲ $-30.739M ▲
Q4-2023 $76.186M $51.123M $-2.258M -2.964% $-0.21 $-35.173M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $2.598B $4.123B $466.467M $3.602B
Q3-2024 $2.598B ▲ $4.123B ▲ $466.467M ▼ $3.602B ▲
Q2-2024 $2.59B $4.114B $507.51M $3.552B
Q1-2024 $2.59B ▲ $4.114B ▲ $507.51M ▲ $3.552B ▲
Q4-2023 $2.461B $4.039B $466.728M $3.518B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $18.742M $0 $0 $0 $0 $0
Q3-2024 $18.742M ▲ $0 $0 $0 $0 $0
Q2-2024 $6.25M $0 $0 $0 $0 $0
Q1-2024 $6.25M ▲ $0 $0 $0 $0 $0
Q4-2023 $-2.258M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Revenue has been shrinking steadily over the past several years, suggesting that the legacy business is winding down faster than the new model is ramping up. Despite this, basic profitability metrics have improved: gross profit remains solid relative to sales, operating losses have narrowed, and the company moved from deep losses a few years ago to a small net profit most recently. Earnings per share have been extremely volatile, influenced both by shifting profits and prior share structure changes, so single-year figures should be treated with caution. Overall, the income statement tells a story of a business in transition: lower scale, far better cost control, and a fragile return to profitability that still needs to be proven sustainable.

Balance Sheet

Balance Sheet The balance sheet shows a company that is relatively light on debt and still supported by a meaningful equity base, which provides some cushion. However, cash balances have come down significantly from earlier years, even though total assets and equity have only drifted slightly lower. This pattern suggests that while the company is not heavily leveraged, it has been drawing down its cash reserves to fund operations and the strategic pivot. The balance sheet looks stable but clearly tighter on liquidity than before, making future funding and consistent cash generation more important.

Cash Flow

Cash Flow Cash flow from operations has improved markedly from large outflows a few years ago to small but positive inflows in the last three years. Free cash flow now closely tracks operating cash flow, since capital spending is very low, reflecting an asset-light model. This is a positive shift: the company is no longer burning cash at the rate it once did. That said, the current level of cash generation is modest, and there is little margin for error if the new business model takes longer than expected to scale. The cash flow statement points to better discipline and stabilization, but not yet to strong, self-funding growth.

Competitive Edge

Competitive Edge 9F is trying to reposition itself from a China-focused digital finance platform to a global, technology-driven brokerage with an emphasis on blockchain and digital assets. This puts it in the middle of a very crowded field that includes established online brokers, large fintech platforms, and dedicated crypto exchanges. Its potential strengths lie in experience with financial technology, a focus on younger investors, and the idea of combining traditional securities with digital assets on a single platform. However, its brand is not widely recognized globally, it is coming from a shrinking legacy business, and it must compete with firms that have larger user bases, more capital, and more mature products. The competitive position today looks more aspirational than proven.

Innovation and R&D

Innovation and R&D The company’s strategy leans heavily on innovation themes: blockchain-based brokerage, AI-driven analytics, and technology services for financial institutions. Historically, it has experience in digital lending, big data, and online financial platforms, which could be repurposed for advisory tools, risk management, and digital asset services. The key issue is execution and visibility: the roadmap sounds modern and ambitious, but there is limited public detail on actual product launches, proprietary technology, or measurable user adoption so far. Innovation is clearly central to the story, but the moat from that innovation is still theoretical until more concrete progress and differentiation are demonstrated.

Summary

9F Inc. is a turnaround and reinvention story. Financially, revenue has been shrinking, yet profitability and cash flow have improved from very weak levels to something closer to breakeven with a recent return to slight net profit. The balance sheet carries little debt but now has much less cash than in the past, so the company has less room to absorb setbacks. Cash flow has stabilized, but remains modest. Strategically, the company is pivoting toward a global, blockchain-enabled brokerage targeting younger investors and digital assets, entering a highly competitive arena with many larger, better-known players. Its past technology experience and focus on innovation are positives, but the lack of detailed, recent disclosures on product execution, regulation, and user traction adds uncertainty. Overall, the story is one of an early-stage strategic shift with improving but still delicate financial footing and a yet-to-be-proven competitive edge.