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XYF

X Financial

XYF

X Financial • NYSE
$6.88 ▼ -4.04% (-0.29)
Market Cap $48.87 M
52w High $20.36
52w Low $6.70
Dividend Yield 0.52%
P/E 1.19
Volume 103.04K
Outstanding Shares 7.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.961B ▲ $972.556M ▲ $421.241M ▼ 21.481% ▼ $63.48 ▼ $1.223B ▲
Q2-2025 $1.759B ▲ $49.318M ▼ $528.016M ▲ 30.011% ▼ $75.6 ▲ $665.984M ▲
Q1-2025 $1.45B ▲ $49.809M ▲ $458.127M ▲ 31.588% ▲ $65.52 ▲ $555.961M ▲
Q4-2024 $1.232B ▲ $44.802M ▲ $385.626M ▲ 31.3% ▼ $49.32 ▲ $490.698M ▲
Q3-2024 $1.083B $43.451M $375.84M 34.691% $47.16 $473.469M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $890.854M ▼ $14.689B ▲ $6.76B ▲ $7.929B ▲
Q2-2025 $3.295B ▼ $13.688B ▲ $5.967B ▲ $7.721B ▲
Q1-2025 $3.516B ▲ $12.093B ▲ $4.658B ▼ $7.435B ▲
Q4-2024 $2.943B ▲ $11.819B ▲ $4.866B ▲ $6.953B ▲
Q3-2024 $2.784B $11.62B $4.724B $6.897B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $421.241M ▼ $0 $0 $0 $0 $0
Q2-2025 $528.016M ▲ $0 $0 $0 $0 $0
Q1-2025 $458.127M ▲ $0 $0 $0 $0 $0
Q4-2024 $385.626M ▲ $0 $0 $0 $0 $0
Q3-2024 $375.84M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement The business has shifted from losses a few years ago to consistent and growing profits more recently. Revenue has climbed steadily each year, and profitability at every level — from gross profit through operating income to net income per share — has improved. That suggests the company is managing credit risk better, controlling costs, and scaling its platform efficiently. The big swing from earlier losses to solid earnings also means results are now much more sensitive to any changes in credit quality or regulation, since the current performance is quite strong versus its own past.

Balance Sheet

Balance Sheet The balance sheet looks progressively stronger over time. Total assets have grown, with cash rising meaningfully and making up a sizable portion of assets. Debt levels are low and have not been growing, while shareholders’ equity has steadily increased, indicating that profits are being retained and financial cushions are building. Overall, the company appears conservatively financed, with room to absorb shocks compared with more heavily leveraged lenders. The main risk is that its assets are still largely tied to one country and one business model, so diversification is limited.

Cash Flow

Cash Flow Cash generation has improved dramatically, moving from cash losses to healthy positive operating and free cash flow. The company converts a good share of its accounting profits into cash, and its ongoing investment spending is light, which helps keep free cash flow strong. This means the business has internal funding capacity for technology, risk management, or shareholder returns without needing to rely heavily on borrowing. The flip side is that if credit conditions worsen, cash flow could be hit quickly, given how dependent it is on loan volumes and collections.

Competitive Edge

Competitive Edge X Financial operates a capital-light online lending platform, positioning itself between borrowers and institutional funding partners rather than acting purely as a traditional lender. Its edge comes from a focus on relatively prime borrowers that are underserved by banks, a strong risk-management culture, and its proprietary tech platform, which together help keep credit losses in check. The brand is established in its niche, and the business model scales well without requiring a huge balance sheet. Risks to this position include intense competition in Chinese fintech, potential pressure on pricing from rivals, and a regulatory environment that can shift quickly and reshape what is allowed or profitable.

Innovation and R&D

Innovation and R&D The core innovation is the WinSAFE risk engine, which uses big data, artificial intelligence, and machine learning to score borrowers and automate much of the loan process. This technology allows faster decisions, more tailored risk assessment, and lower operating costs. The company appears focused on continually refining this system, adding new data sources, and using technology to improve asset quality rather than just chasing volume. While formal R&D numbers are not shown, the strategy is clearly tech-centric. The key uncertainty is whether its models continue to perform well through different economic cycles and under evolving regulatory rules, or whether new entrants can replicate similar capabilities.

Summary

X Financial has undergone a notable turnaround: it has moved from losses to solid profitability, strengthened its balance sheet, and now generates healthy cash flow, all while keeping debt modest. Its capital-light, technology-driven lending platform, focused on a specific borrower niche, has so far translated into efficient growth and improving economics. The WinSAFE risk engine and data-driven underwriting form the backbone of its moat, enabling better risk control and scalability. At the same time, the company remains concentrated in one country and one segment of consumer credit, which exposes it to regulatory shifts, economic slowdowns, and competitive pressure in Chinese fintech. Future performance will hinge on maintaining asset quality, adapting to regulation, and continuing to enhance its technology so that its credit models stay ahead of both rivals and changing borrower behavior.

NEWS

November 20, 2025 · 4:50 PM UTC

X Financial (NYSE: XYF) Reports Q3 2025 Results: Revenue +23.9% YoY, Sequential Decline Amid Rising Credit Costs and Moderating Borrower Activity

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November 18, 2025 · 5:50 AM UTC

X Financial to Hold Annual General Meeting on December 18, 2025

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November 11, 2025 · 6:00 AM UTC

X Financial to Report Third Quarter 2025 Financial Results on November 21, 2025

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