← 9F Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | ($594.9m) | ($140.3m) | $50.2m | $167.4m | |
| Net Income (Loss) Attributable to Parent | — | $2.0b | ($310.2m) | ($346.2m) | ($36.9m) | ($86.2m) | ($140.2m) | $6.8m | $24.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $1.7b | ($2.2b) | ($2.3b) | ($234.9m) | ($594.7m) | ($140.2m) | $50.0m | $168.2m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $2.0b | ($309.4m) | ($345.0m) | ($36.7m) | ($86.3m) | ($19.8m) | $6.9m | $23.9m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $132.4m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($6.6m) | $852k | $1.2m | $194k | ($28k) | ($22k) | $24k | ($116k) | |
| Amortization | — | — | — | — | $1.0m | $324k | $794k | — | — | |
| Amortization of Intangible Assets | $1.9m | $2.6m | $1.4m | $1.5m | $6.4m | $2.2m | $6.5m | $567k | $160k | |
| Depreciation | $10.0m | $16.1m | $4.0m | $2.2m | $3.9m | $2.7m | $1.7m | $1.2m | $1.9m | |
| Amortization of right-of-use assets | — | — | — | — | — | $9.9m | $10.7m | $9.1m | $8.1m | |
| Amortization Cash Flow | — | — | — | — | — | $2.2m | $5.6m | $4.1m | $1.1m | |
| Amortization Of Intangibles | — | — | — | — | — | $2.2m | $5.6m | $4.1m | $1.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $30.9m | $28.3m | $22.3m | $22.7m | |
| Deferred Income Tax Expense (Benefit) | — | $26.2m | ($420.0m) | $495.5m | — | — | ($1.1m) | ($5.3m) | $13.5m | |
| Deferred income taxes | ($57.2m) | $26.8m | ($419.6m) | $504.0m | — | ($604k) | ($1.1m) | ($5.3m) | $13.5m | |
| Deferred Income Tax | — | — | — | — | — | ($604k) | ($1.1m) | ($5.3m) | $13.5m | |
| Deferred Tax | — | — | — | — | — | ($604k) | ($1.1m) | ($5.3m) | $13.5m | |
| Share-based Payment Arrangement, Noncash Expense | — | $508.2m | $50.7m | $44.5m | $8.2m | $791k | ($10.2m) | ($131k) | $8k | |
| Share-based Payment Arrangement, Expense | — | $508.2m | $353.2m | $290.6m | — | — | — | ($959k) | $54k | |
| Equity Method Investment, Other than Temporary Impairment | — | $0 | $3.3m | $27.5m | $664k | $500k | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | $23.1m | $22.2m | $43.2m | $3.6m | $23.8m | $74.3m | $5.0m | — | |
| Goodwill, Impairment Loss | — | $0 | $890k | $7.7m | $0 | $29k | $24.8m | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $5.8m | $372k | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | $2.8m | — | |
| Share-based compensation | $2.2b | $508.2m | $353.2m | $290.6m | $52.3m | $5.5m | ($72.1m) | ($959k) | $54k | |
| Impairment loss of investment | — | — | — | $1.2m | — | $14.2m | ($1.1m) | $5.0m | $330.3m | |
| Impairment of goodwill | $0 | $0 | $6.2m | $50.3m | — | $200k | $24.8m | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $457.0m | $53.8m | $25.5m | $330.3m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | ($2.0m) | ($8.5m) | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $602k | ($175k) | ($161k) | ($388k) | ($12k) | $207k | $1.4m | $57k | ($24k) | |
| Income (Loss) from Equity Method Investments | — | ($41.1m) | ($4.2m) | ($3.3m) | ($1.1m) | — | — | $5.1m | ($468k) | |
| Income Tax Expense (Benefit) | — | $402.4m | ($25.1m) | $82.5m | $4.2m | $1.7m | $1.1m | $1.9m | $8.1m | |
| Operating Lease, Expense | — | — | $71.3m | $58.8m | $30.4m | $22.6m | — | $9.6m | $8.3m | |
| Other Nonoperating Income (Expense) | — | $25.6m | $7.6m | $6.0m | $370k | $1.9m | $31k | — | ($334k) | |
| Share of (income) loss in equity method investments | ($64.7m) | $41.1m | $29.5m | $21.3m | $7.2m | ($19.4m) | ($19.3m) | ($37.2m) | $3.3m | |
| Operating lease liabilities | — | — | ($50.5m) | ($95.9m) | ($11.6m) | ($9.6m) | $6.4m | ($6.8m) | ($8.4m) | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($19.4m) | ($19.3m) | ($37.2m) | $3.3m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | — | — | — | $0 | $0 | $28 | — | |
| Changes in operating assets and liabilities: | ||||||||||
| Additional Financial Items | ||||||||||
| Increase (Decrease) in Accounts Receivable | — | ($123.0m) | $221.2m | ($36.0m) | $6.3m | $1.3m | ($7.4m) | $4.6m | $519k | |
| Asset Acquisition Contingent Consideration Liability | — | — | — | — | — | — | $6.0m | $763k | — | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | — | — | — | $38.5m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | $108k | ($190k) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $25k | $27k | |
| General and Administrative Expense | — | $1.2b | $166.0m | $199.8m | $82.0m | $54.4m | $38.1m | $30.5m | $25.9m | |
| Goodwill | — | $13.4m | $10.4m | $3.4m | $3.5m | $3.6m | — | — | — | |
| Investment Income, Interest | — | $208.3m | $32.4m | $15.7m | $7.5m | $6.9m | $13.8m | $11.6m | $26.1m | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | ($23.4m) | ($7.0m) | ($340k) | $707k | $52.4m | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | $48.7m | $39.8m | |
| Operating Expenses | — | — | — | — | — | — | $17.6m | — | — | |
| Pension Cost (Reversal of Cost) | — | — | — | — | — | $4k | — | — | — | |
| Proceeds from Contributed Capital | — | — | — | — | — | — | — | — | $795k | |
| Proceeds from Contributions from Affiliates | — | $1.1m | $1.3m | $2.0m | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | $68k | — | — | — | — | |
| Net (loss) income | $723.8m | $2.0b | ($2.2b) | ($2.3b) | ($233.7m) | ($594.9m) | ($140.3m) | $50.2m | $167.4m | |
| Unrealized loss (gain) of investment in marketable securities | — | — | — | — | $149.1m | $48.0m | $2.4m | ($5.2m) | ($366.4m) | |
| Loss (income) from disposal of subsidiaries | — | — | — | — | — | $9.3m | $75k | ($754k) | — | |
| Provision (reversal) for credit losses | — | — | — | — | $19.0m | $159.4m | $192.8m | $10.6m | ($204k) | |
| Accounts receivable | ($219.7m) | $123.0m | ($1.5b) | $234.9m | ($40.0m) | ($9.0m) | $52.8m | ($33.8m) | ($3.6m) | |
| Interest receivable | — | — | — | — | — | — | — | $33.3m | $17.3m | |
| Other receivables | $51.2m | ($53.8m) | $38.5m | ($55.6m) | $59.2m | ($6.4m) | $63.5m | ($2.0m) | ($19.1m) | |
| Loans receivable | — | — | — | — | — | $8.8m | ($965k) | ($6.2m) | $6.0m | |
| Prepaid expenses and other assets | ($385.4m) | ($16.0m) | $56.6m | $570.4m | $37.2m | $254.1m | $56.8m | $6.9m | ($6.4m) | |
| Amount due to related parties | — | — | $21.8m | ($41.3m) | ($1.3m) | ($18.8m) | ($519k) | — | — | |
| Accrued expenses and other liabilities | $325.6m | ($53.0m) | $479.3m | ($807.1m) | ($323.0m) | ($216.9m) | ($116.3m) | $5.0m | $67.0m | |
| Taxes payable | $167.3m | ($148.1m) | $4.1m | ($65.1m) | $26.1m | $22.7m | ($13.0m) | $9.4m | ($9.6m) | |
| Payroll and welfare payable | $62.4m | ($26.0m) | $2.7m | ($7.1m) | ($20.0m) | $1.2m | ($4.8m) | $513k | ($1.9m) | |
| Deferred revenue | $289.9m | ($37.2m) | $442.1m | ($706.3m) | ($35.7m) | ($38.0m) | ($3.6m) | ($5.3m) | — | |
| Purchases of property, equipment and software and intangible assets | ($47.7m) | ($48.6m) | ($56.7m) | — | ($7.7m) | ($44.8m) | ($5.7m) | ($1.1m) | ($2.7m) | |
| Purchase of term deposits | ($1.3b) | ($1.7b) | ($232.3m) | ($109.8m) | — | ($227.4m) | ($341.6m) | ($596.9m) | ($47.5m) | |
| Redemptions of term deposits | $600.0m | $1.5b | $1.0b | $9.7m | $50.5m | $78.3m | $227.4m | $633.7m | $295.4m | |
| Acquisitions of subsidiaries, net of cash acquired | ($30.3m) | — | ($49.4m) | — | ($10.8m) | ($2.9m) | ($14k) | — | — | |
| Purchase of marketable securities | — | — | — | — | ($318.9m) | ($78.9m) | ($229.7m) | ($3.3b) | ($1.9b) | |
| Disposals of marketable securities | — | — | — | — | — | $166.2m | $134.3m | $1.8b | $1.4b | |
| Disposals of subsidiaries, net of cash disposed | ($13.2m) | — | — | — | $22.9m | — | — | $9.3m | — | |
| Disposal of long-term investments | — | — | $50.9m | $31.5m | $22.4m | $51.8m | — | $317.6m | $207.8m | |
| Provision of loans to related parties | — | — | — | — | — | — | ($111.8m) | ($2.5m) | — | |
| Repayment of loans to related parties | $4.5m | $24.1m | $141.2m | — | — | — | $56.5m | $2.4m | $2.7m | |
| Capital contribution by non-controlling shareholders | — | — | — | $12.9m | — | — | — | — | $5.6m | |
| Beginning Cash Position | — | — | — | — | — | $2.7b | $2.6b | $1.8b | $643.6m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $0 | $0 | $0 | $5.6m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($295.4m) | ($933.1m) | ($1.3b) | ($74.2m) | |
| Change In Accrued Expense | — | — | — | — | — | ($215.7m) | ($121.1m) | $5.6m | $65.0m | |
| Change In Income Tax Payable | — | — | — | — | — | $22.7m | ($13.0m) | $9.4m | ($9.6m) | |
| Change In Other Current Assets | — | — | — | — | $10.1m | $9.9m | ($9.5m) | — | — | |
| Change In Other Current Liabilities | — | — | — | — | — | ($9.6m) | ($13.8m) | ($6.8m) | ($8.4m) | |
| Change In Other Working Capital | — | — | — | — | ($57.2m) | ($38.0m) | ($3.6m) | ($5.3m) | — | |
| Change In Payable | — | — | — | — | — | $3.9m | ($13.5m) | $9.4m | ($9.6m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($211.8m) | ($134.6m) | $15.0m | $55.4m | |
| Change In Prepaid Assets | — | — | — | — | — | $254.1m | $56.8m | $6.9m | ($6.4m) | |
| Change In Receivables | — | — | — | — | — | ($6.6m) | $115.4m | ($8.6m) | $568k | |
| Change In Tax Payable | — | — | — | — | — | $22.7m | ($13.0m) | $9.4m | ($9.6m) | |
| Change In Working Capital | — | — | — | — | — | ($11.9m) | $20.1m | $1.0m | $41.2m | |
| Changes In Account Receivables | — | — | — | — | — | ($9.0m) | $52.8m | ($33.8m) | ($3.6m) | |
| Changes In Cash | — | — | — | — | — | ($214.4m) | ($886.5m) | ($1.2b) | $139.0m | |
| End Cash Position | — | — | — | — | — | $2.6b | $1.8b | $643.6m | $750.1m | |
| Financing Cash Flow | — | — | — | — | — | $0 | $0 | $0 | $5.6m | |
| Free Cash Flow | — | — | — | — | — | $36.1m | $40.8m | $45.4m | $205.0m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($2.2m) | ($1.1m) | ($2.1m) | ($190k) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $9.3m | $75k | ($754k) | $0 | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $0 | $0 | ($416k) | $170k | |
| Investing Cash Flow | — | — | — | — | — | ($295.4m) | ($933.1m) | ($1.3b) | ($74.2m) | |
| Issuance Of Capital Stock | — | — | — | — | $199.2m | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | ($2.9m) | ($14k) | $9.3m | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($44.6m) | ($4.4m) | ($367k) | ($2.7m) | |
| Operating Gains Losses | — | — | — | — | — | ($12.4m) | ($20.3m) | ($40.4m) | $3.3m | |
| Other Non Cash Items | — | — | — | — | — | — | ($17.0m) | ($11.3m) | ($4.1m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | $433k | $0 | $0 | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | $159.4m | $192.8m | $10.6m | ($204k) | |
| Purchase Of Business | — | — | — | — | — | ($2.9m) | ($14k) | $0 | $0 | |
| Purchase Of PPE | — | — | $8.1m | $56.7m | $1.2m | ($44.8m) | ($5.7m) | ($1.1m) | ($2.7m) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | $9.3m | $0 | |
| Sale Of PPE | — | — | — | — | — | $207k | $1.4m | $773k | $0 | |
| Stock Based Compensation | — | — | — | — | — | $5.5m | ($72.1m) | ($959k) | $54k | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | $48.0m | $2.4m | ($5.2m) | ($366.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $2.9b | $2.3b | ($61.6m) | ($267.4m) | ($36.0m) | $9.2m | $8.8m | $6.4m | $29.7m | |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $7.1m | — | $1.7m | $420k | $2k | — | — | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | — | — | $2.3m | — | $294k | — | — | — | — | |
| Purchases of long-term investments | ($184.2m) | ($501.1m) | ($192.7m) | ($469.6m) | ($38.1m) | ($3.0m) | ($545.5m) | ($125.5m) | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($196.8m) | ($873.4m) | ($1.3b) | ($74.3m) | |
| Purchase Of Investment | — | — | — | — | — | ($475.4m) | ($1.2b) | ($4.0b) | ($2.0b) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | $2.8m | $2.7m | $25k | $27k | |
| Gain on held-to-maturity investment | — | — | — | $21.3m | $7.2m | ($19.4m) | ($19.3m) | ($179k) | ($190k) | |
| Accretion of interest on held-to-maturity investment | — | — | — | — | — | — | ($17.0m) | ($11.3m) | ($4.1m) | |
| Sale Of Investment | — | — | — | — | — | $278.6m | $361.7m | $2.7b | $1.9b | |
| Net Other Investing Changes | — | — | — | — | — | ($51.0m) | ($55.3m) | ($44k) | $2.7m | |
| Net Cash Provided by (Used in) Investing Activities | ($1.0b) | ($1.2b) | ($101.6m) | $6.0m | ($50.5m) | ($40.3m) | ($133.7m) | ($177.0m) | ($10.6m) | |
| Cash flows from financing activities: | ||||||||||
| Proceeds from Issuance of Common Stock | — | — | — | — | $31.3m | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | $199.2m | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | $199.2m | $0 | $0 | — | — | |
| Dividend income from equity securities without readily determinable fair value | — | — | — | — | — | — | ($875k) | ($1.9m) | — | |
| Dividend Received CFO | — | — | — | — | $1.8m | $0 | $0 | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $563.4m | $545.9m | $67.8m | $2.0m | $31.3m | — | — | — | $795k | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $35.3m | $723k | $32k | ($4.2m) | $15.5m | $10.5m | $9.5m | ($4.6m) | |
| Effect of foreign exchange rate changes on cash, cash equivalent and restricted cash | ($23.1m) | $35.3m | $5.0m | $212k | ($26.7m) | $107.1m | $74.5m | $69.1m | ($32.5m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | $107.1m | $74.5m | $69.1m | ($32.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $1.7b | ($94.8m) | ($259.3m) | ($59.4m) | ($15.6m) | ($114.4m) | ($161.2m) | $15.2m | |
| Net (decrease) increase in cash, cash equivalent, and restricted cash | $2.4b | $1.7b | ($659.6m) | ($1.7b) | ($378.3m) | ($107.3m) | ($812.0m) | ($1.2b) | $106.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $785.6m | $690.8m | $477.8m | $429.9m | $381.6m | $256.3m | $88.2m | $107.3m | |
| Cash, cash equivalent, and restricted cash at the beginning of the year | $3.8b | $5.5b | $4.8b | $3.1b | $2.7b | $2.6b | $1.8b | $643.6m | $750.1m | |
| Cash and cash equivalents | — | — | — | $2.7b | $2.4b | $2.4b | $1.7b | $379.4m | $434.5m | |
| Restricted cash | — | — | — | $390.7m | $295.9m | $198.7m | $133.7m | $264.3m | $315.6m | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($107.3m) | ($812.0m) | ($1.2b) | $106.5m | |
| Interest Paid Supplemental Data | — | — | — | — | $0 | $0 | $0 | — | — | |
| Income Taxes Paid, Net | $293.8m | $522.3m | $47.0m | $25.0m | $457k | $3.1m | $3.4m | $1.2m | $7.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.