← X Financial
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $0 | $1.8b | $515.0m | $443.6m | $336.1m | $569.1m | $516.6m | $678.2m | $804.4m | $1.1b | |
| Cost of Goods and Services Sold | $115.9m | $760.1m | $172.5m | $234.8m | $317.5m | $308.0m | $308.3m | $404.2m | $238.1m | $288.9m | |
| Cost Of Revenue | — | — | — | — | — | — | $1.3b | $1.6b | $1.8b | $2.0b | |
| Reconciled Cost Of Revenue | — | — | — | — | — | — | $1.3b | $1.6b | $1.8b | $2.0b | |
| Gross Profit | — | — | — | — | — | — | $2.2b | $3.2b | $4.1b | $5.6b | |
| Gross Profit (Calculated) | $114.4m | $1.0b | $342.5m | $208.7m | $18.6m | $261.0m | $208.2m | $274.0m | $566.3m | $803.5m | |
| Total operating expenses | $367.1m | $1.3b | $2.3b | $2.3b | $3.6b | $2.3b | $2.5b | $3.4b | $4.0b | $6.0b | |
| Operating Income (Loss) | ($136.8m) | $501.7m | $185.5m | $116.7m | ($219.2m) | $205.7m | $156.9m | $202.5m | $256.7m | $233.1m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | $679k | $57k | $120k | $276k | $301k | $327k | $315k | $320k | $342k | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | $1.3m | — | — | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($479k) | $1k | $89k | $2.4m | $808k | ($2.9m) | ($567k) | ($1.3m) | ($1.2m) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | $3.0m | ($1.7m) | $2.3m | ($2.1m) | |
| Income (Loss) from Equity Method Investments | — | ($832k) | $1.2m | $2.5m | ($1.0m) | $524k | ($3.2m) | $4.7m | $1.4m | $3.7m | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $9k | |
| Origination and servicing | $259.1m | $760.1m | $1.2b | $1.6b | $2.1b | $2.0b | $2.1b | $2.9b | $1.7b | $2.0b | |
| Borrower acquisitions and marketing | — | — | — | — | — | — | $833.1m | $1.4b | $1.6b | $2.2b | |
| General and administrative | $61.7m | $98.2m | $220.0m | $227.5m | $179.2m | $187.9m | $171.5m | $186.5m | $175.9m | $199.6m | |
| Provision for contingent guarantee liabilities | — | $182.6m | $216.4m | $7.7m | $881k | ($24k) | ($14.0m) | $67.5m | $241.7m | $1.0b | |
| Provision for accounts receivable and contract assets | $8.1m | $167.7m | $397.0m | $241.2m | $121.5m | $77.2m | $21.8m | $12.2m | $35.7m | $242.7m | |
| Reversal of provision for loan receivable from Xiaoying Housing Loans | — | — | $40.3m | $23.4m | $18.0m | ($378k) | ($6.1m) | ($4.2m) | ($4.2m) | ($8k) | |
| Provision for loans receivable from Xiaoying Credit Loans and other loans | — | — | — | — | $227.2m | $76.4m | $164.6m | $233.4m | $225.8m | $340.2m | |
| Change in fair value of financial guarantee derivative | — | ($18.1m) | ($201.0m) | ($246.4m) | ($163.7m) | ($170.3m) | $137.7m | $25.0m | ($1.0m) | $3.4m | |
| Fair value adjustments related to Consolidated Trusts | ($4.4m) | ($9.8m) | $12.4m | ($64.2m) | ($57.4m) | ($7.3m) | ($6.2m) | ($531k) | $0 | $0 | |
| (Reversal of) provision for credit losses on deposits to institutional cooperators | — | — | $0 | $0 | $10.3m | ($8.3m) | $1.3m | ($674k) | $3.2m | ($775k) | |
| Provision for credit losses for other financial assets | — | — | — | — | ($975k) | ($1.2m) | ($765k) | $86k | $155k | $73k | |
| Interest income | $257k | $3.6m | $4.2m | $19.4m | $21.7m | $19.7m | $3.8m | ($20.4m) | ($560k) | $29.5m | |
| Foreign exchange loss | ($18k) | ($479k) | $10k | $616k | $15.4m | $5.1m | ($20.0m) | ($4.0m) | ($9.5m) | ($8.5m) | |
| Income (loss) from financial investments | — | — | — | — | — | $0 | $20.9m | ($12.2m) | $17.1m | ($14.5m) | |
| Other income, net | ($9k) | $90k | ($5.9m) | $26.1m | $12.7m | $32.5m | $40.7m | $24.4m | $13.5m | $132.3m | |
| (Loss) gain from equity in affiliates, net of tax | — | ($832k) | $8.1m | $17.5m | ($6.8m) | $3.3m | ($22.1m) | $33.1m | $10.2m | $25.7m | |
| (Loss) gain from financial investments at equity method, net of tax | — | — | — | — | — | — | $30.4m | ($18.7m) | $41.1m | ($19.5m) | |
| Other comprehensive income attributable to equity in affiliates | — | — | — | — | — | $0 | $204k | ($7k) | ($314k) | $148k | |
| Other comprehensive income attributable to financial investments | — | — | — | — | — | $0 | $0 | $475k | $293k | $3.2m | |
| Foreign currency translation adjustments | $27.9m | ($24.5m) | $19.0m | $14.6m | ($46.0m) | ($14.7m) | $57.1m | $5.4m | $11.6m | ($20.7m) | |
| Comprehensive income | ($92.3m) | $315.0m | $902.1m | $789.1m | ($1.4b) | $810.7m | $869.3m | $1.2b | $1.6b | $1.4b | |
| Less: comprehensive income attributable to non-controlling interests | ($607k) | ($780k) | ($55k) | $200k | $41k | ($478) | $0 | $0 | $0 | $0 | |
| Comprehensive income attributable to X Financial | ($91.7m) | $315.8m | $902.2m | $788.9m | ($1.4b) | $810.7m | $869.3m | $1.2b | $1.6b | $1.4b | |
| Diluted EPS | — | — | — | — | — | — | $15.12 | $24.48 | $31.50 | $35.22 | |
| Diluted NI Availto Com Stockholders | — | — | — | — | — | — | $812.0m | $1.2b | $1.5b | $1.5b | |
| Earnings From Equity Interest Net Of Tax | — | — | — | — | — | — | ($11.8m) | ($20.7m) | $51.3m | $6.2m | |
| Gain On Sale Of Security | — | — | — | — | — | — | $102.0m | $26.9m | $8.6m | ($26.4m) | |
| Interest Income Non Operating | — | — | — | — | — | — | $3.8m | $10.3m | $22.3m | $29.5m | |
| Minority Interests | — | — | — | — | — | $478 | $0 | $0 | $0 | — | |
| Net Income From Continuing And Discontinued Operation | — | — | — | — | — | — | $812.0m | $1.2b | $1.5b | $1.5b | |
| Net Income From Continuing Operation Net Minority Interest | — | — | — | — | — | — | $812.0m | $1.2b | $1.5b | $1.5b | |
| Net Interest Income | — | — | — | — | — | — | $3.8m | $10.3m | $22.3m | $29.5m | |
| Normalized EBITDA | — | — | — | — | — | — | $995.8m | $1.4b | $1.8b | $1.7b | |
| Normalized Income | — | — | — | — | — | — | $749.1m | $1.2b | $1.5b | $1.5b | |
| Other Gand A | — | — | — | — | — | — | $143.2m | $153.9m | $175.9m | $199.6m | |
| Provision For Doubtful Accounts | — | — | — | — | — | — | $166.9m | $308.3m | $502.5m | $1.6b | |
| Reconciled Depreciation | — | — | — | — | — | — | $6.6m | $5.3m | $7.2m | $11.2m | |
| Selling General And Administration | — | — | — | — | — | — | $976.3m | $1.5b | $1.8b | $2.4b | |
| Special Income Charges | — | — | — | — | — | $0 | ($8.9m) | ($46.8m) | $0 | — | |
| Tax Effect Of Unusual Items | — | — | — | — | — | — | $30.2m | $4.8m | $1.9m | ($4.4m) | |
| Tax Provision | — | — | — | — | — | — | $396.1m | $261.1m | $405.7m | $291.6m | |
| Tax Rate For Calcs | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Write Off | — | — | — | — | — | $0 | $8.9m | $46.8m | $0 | — | |
| Total net revenue | $230.3m | $1.8b | $3.5b | $3.1b | $2.2b | $3.6b | $3.6b | $4.8b | $5.9b | $7.6b | |
| Total Unusual Items | — | — | — | — | — | — | $93.1m | $26.9m | $8.6m | ($26.4m) | |
| Total Unusual Items Excluding Goodwill | — | — | — | — | — | — | $93.1m | $26.9m | $8.6m | ($26.4m) | |
| Income before income taxes | ($147.2m) | $478.6m | $1.1b | $663.9m | ($1.6b) | $1.2b | $1.2b | $1.4b | $1.9b | $1.7b | |
| Pre-Tax Income | — | — | — | — | — | — | $1.2b | $1.5b | $1.9b | $1.7b | |
| Net Income Continuous Operations | — | — | — | — | — | — | $812.0m | $1.2b | $1.5b | $1.5b | |
| Net Income (Loss) Attributable to Parent | ($119.6m) | $340.3m | $128.4m | $111.2m | ($200.5m) | $129.5m | $117.7m | $167.2m | $211.0m | $209.4m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($780k) | ($8k) | $29k | $6k | ($75) | — | $0 | $0 | — | |
| Net Income Including Noncontrolling Interests | — | — | — | — | — | — | $812.0m | $1.2b | $1.5b | $1.5b | |
| Earnings Per Share, Basic | ($0.50) | $1.30 | $0.45 | $0.35 | ($0.62) | $0.39 | $0.37 | $0.58 | $0.73 | $0.86 | |
| Earnings Per Share, Diluted | ($0.50) | $1.22 | $0.42 | $0.35 | ($0.62) | $0.38 | $0.37 | $0.57 | $0.72 | $0.84 | |
| Common Stock, Dividends, Per Share, Declared | ($0.50) | $1.30 | $3.08 | $2.47 | ($4.07) | $2.51 | $2.57 | $4.12 | $5.33 | $0.09 | |
| Weighted Average Number of Shares Outstanding, Basic | 238.1m | 261.2m | 286.6m | 313.8m | 321.2m | 329.2m | 316.4m | 288.1m | 288.8m | 244.0m | |
| Weighted average number of ordinary shares outstanding-basic (in shares) | 238.1m | 261.2m | 286.6m | 313.8m | 321.2m | 329.2m | 316.4m | 288.1m | 288.8m | 244.0m | |
| Weighted average number of ordinary shares outstanding-diluted (in shares) | 238.1m | 279.7m | 304.0m | 319.7m | 321.2m | 336.9m | 322.4m | 290.8m | 293.4m | 249.5m | |
| Basic Average Shares | — | — | — | — | — | — | $52.7m | $48.0m | $48.1m | $40.7m | |
| Diluted Average Shares | — | — | — | — | — | — | $53.7m | $48.5m | $48.9m | $41.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 238.1m | 279.7m | 304.0m | 319.7m | 321.2m | 336.9m | 322.4m | 290.8m | 293.4m | 249.5m | |
| General and Administrative Expense | — | $98.2m | $32.0m | $32.7m | $27.5m | $29.5m | $24.9m | $26.3m | $24.1m | $28.5m | |
| Other Nonoperating Income (Expense) | — | $90k | ($859k) | $3.7m | $1.9m | $5.1m | $5.9m | $3.4m | $1.9m | $18.9m | |
| Costs and Expenses | — | $1.3b | $329.5m | — | $555.3m | $363.3m | $359.7m | $475.7m | $547.7m | $859.3m | |
| Selling and Marketing Expense | — | $76.6m | $29.9m | $14.8m | $5.5m | $3.3m | $2.2m | $1.8m | $1.6b | $2.2b | |
| Interest expenses | — | — | — | — | — | — | — | ($30.7m) | ($22.9m) | ($18.9m) | |
| Current Income Tax Expense (Benefit) | — | $395.4m | $31.0m | $10.3m | ($24.1m) | $5.5m | $28.1m | $39.3m | $59.3m | $78.6m | |
| Income tax expense | $27.0m | ($138.2m) | ($209.9m) | ($93.1m) | $299.9m | ($368.7m) | ($389.4m) | ($249.4m) | ($405.7m) | ($291.6m) | |
| Interest Expense | — | — | — | — | — | — | $833.1m | $1.4b | $1.6b | — | |
| Net Non Operating Interest Income Expense | — | — | — | — | — | — | $3.8m | $10.3m | $22.3m | $29.5m | |
| Operating Expense | — | — | — | — | — | — | $1.1b | $1.8b | $2.3b | $4.0b | |
| Other Income Expense | — | — | — | — | — | — | $133.8m | $51.3m | $22.2m | $105.9m | |
| Other Non Operating Income Expenses | ($9k) | $90k | ($5.9m) | $26.1m | $12.7m | $32.5m | $40.7m | $24.4m | $13.5m | $132.3m | |
| Interest Income (Expense), Nonoperating, Net | — | $3.6m | $614k | $2.8m | $3.3m | $3.1m | $545k | ($2.9m) | ($77k) | $4.2m | |
| Income Tax Expense (Benefit) | — | $138.2m | $30.5m | ($13.4m) | $46.0m | $57.9m | $56.5m | $35.1m | $55.6m | $41.7m | |
| Total Expenses | — | — | — | — | — | — | $2.5b | $3.4b | $4.0b | $6.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.