Skip to content
stoqly
en

Popular

All languages

Figures come from SEC filings, which are in English. Company and industry names stay as filed.

$ USD

Popular

All currencies

Data is in US dollars, converted at the ECB reference rate of Oct 23, 2026.

X Financial

XYF NYSE Finance Services Financials FY2016–FY2025

Revenue Total sales reported in the income statement.
$1.1B
30.3% vs prior year
Operating margin Operating income as a share of revenue.
21.3%
10.6 pts
Net income Profit after all expenses, interest and tax.
$204M
4.8%
Free cash flow Cash from operations minus capital spending.
$201M
4.1%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
18.2%
5.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
—
P/E Last close divided by diluted earnings per share over the last four quarters.
—
On $4.90 EPS (TTM)

What X Financial does

No business description yet.

Legal name
X Financial
Fiscal year ends
December 31, 2025
Latest annual report
20-F · Apr 30, 2026
Accession · CIK
0001104659-26-052016
0001725033

Revenue and margins

X Financial had $1.1B of revenue in fiscal 2025, up 30.3% on the year before.

Revenue
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $201M in fiscal 2025, 18.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

X Financial returned $124M to shareholders in fiscal 2025, 61% of free cash flow. The diluted share count fell 15.0%.

Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Cash, debt and the ratios that show how comfortably X Financial can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $92.1M$87.3M$168M$135M$141M
Debt incl. finance leases $26.2M$7.3M$79.5M$45.0M$58.5M
Net debt / EBITDA −0.3x−0.4x−0.4x−0.3x−0.4x
Debt / equity 0.0x0.0x0.1x0.0x0.1x
Total assets $1.2B$1.3B$1.6B$1.6B$2.1B
Total liabilities $530M$592M$817M$667M$975M
Shareholders' equity $626M$689M$823M$953M$1.1B
Net debt (− = net cash) −$65.8M−$80.0M−$88.7M−$89.9M−$82.6M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Net income is positive ✕ ✓ ✓ ✓ ✕ ✓ ✓ ✓ ✓ ✓
Cash from operations is positive ✓ ✕ ✓ ✓ ✕ ✓ ✓ ✓ ✓ ✓
Return on assets rose — — ✓ ✕ ✕ ✓ ✕ ✓ ✓ ✕
Cash from operations exceeds net income ✓ ✕ ✕ ✕ ✓ ✕ ✕ ✓ ✕ ✓
Debt fell relative to assets — — — — — ✓ ✓ ✕ ✓ ✕
Current ratio rose — — — — — — — — — —
Share count didn't rise — ✕ ✕ ✕ ✕ ✕ ✓ ✓ ✕ ✓
Gross margin rose — ✓ ✓ ✕ ✕ ✓ ✓ ✓ ✓ ✓
Revenue rose relative to assets — — ✓ ✕ ✕ ✓ ✕ ✓ ✓ ✓
F-score — / 3— / 55 / 72 / 71 / 76 / 85 / 87 / 86 / 86 / 8
Accruals ratio —23.7%20.9%2.7%−7.8%5.1%2.3%−2.0%0.1%−0.0%
Altman Z'' ——————————

10 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $34.7M $264M $535M $447M $318M $562M $529M $680M $816M $1.1B
Provision for credit losses — — $6.1M $5.4M $32.9M $11.8M $24.5M $19.7M $27.0M $150M
Gross profit −$4.3M $152M $356M $210M $17.6M $258M $331M $462M $574M $782M
Operating income −$20.6M $74.2M $193M $118M −$207M $203M $180M $206M $260M $227M
Pretax income −$22.2M $70.8M $164M $96.1M −$232M $185M $181M $207M $263M $243M
Income tax −$4.1M $20.5M −$31.7M −$13.5M −$43.4M $57.2M $58.8M $36.9M $56.4M $40.6M
Net income −$18.0M $50.3M $133M $112M −$190M $128M $121M $168M $214M $204M
Diluted EPS −$0.45 $1.08 $2.64 $2.10 −$3.54 $2.28 $2.25 $3.46 $4.38 $4.90
Diluted shares 0.04B 0.05B 0.05B 0.05B 0.05B 0.06B 0.05B 0.05B 0.05B 0.04B
Cash flow
Cash from operations $12.4M −$91.0M $0.8M $86.9M −$98.4M $69.6M $93.1M $196M $212M $204M
Capital expenditure $0.5M $3.1M $5.8M $2.2M $0.8M $0.4M $0.9M $1.2M $2.0M $3.0M
Free cash flow $11.9M −$94.1M −$5.0M $84.7M −$99.2M $69.2M $92.2M $195M $210M $201M
Depreciation and amortization $0.5M $0.8M $1.5M $1.6M $1.7M $1.3M $1.0M $0.7M $1.0M $1.6M
Stock-based compensation $5.7M $11.0M $26.0M $22.7M $11.6M $13.7M $8.0M $6.0M $5.6M $8.5M
Share buybacks — — — — — $0.0M $21.8M $3.5M $25.3M $102M
Dividends paid — — — $14.9M — $0.0M $0.0M $8.2M $16.2M $21.5M
Dividends and buybacks — — — $14.9M — $0.0M $21.8M $11.8M $41.5M $124M
Balance sheet
Cash and short-term investments $72.6M $103M $155M $145M $115M $92.1M $87.3M $168M $135M $141M
Total debt — — — — $53.6M $26.2M $7.3M $79.5M $45.0M $58.5M
Loans, net — $30.4M $18.6M $41.6M $189M $391M $552M — — —
Deposits — $20.6M $19.5M $15.6M $3.3M $3.3M $2.9M $2.8M $1.6M $1.7M
Property and equipment, net — $3.2M $3.4M $2.9M $1.7M $1.0M $0.8M $1.2M $2.2M $3.4M
Intangible assets — $0.2M $4.1M $5.0M $5.7M $5.8M $5.3M $5.2M $5.0M $5.6M
Total assets — $597M $674M $1.2B $1.1B $1.2B $1.3B $1.6B $1.6B $2.1B
Total liabilities — $326M $163M $562M $676M $530M $592M $817M $667M $975M
Shareholders' equity $54.2M $271M $511M $627M $470M $626M $689M $823M $953M $1.1B
Margins
Gross margin −12.5% 57.5% 66.5% 47.1% 5.5% 45.9% 62.5% 67.9% 70.4% 73.6%
Operating margin −59.4% 28.1% 36.0% 26.3% −65.2% 36.2% 34.1% 30.4% 31.9% 21.3%
EBITDA margin −58.1% 28.4% 36.3% 26.7% −64.7% 36.4% 34.3% 30.5% 32.0% 21.5%
Net margin −51.9% 19.0% 24.9% 25.1% −59.7% 22.8% 22.8% 24.6% 26.2% 19.2%
FCF margin 34.4% −35.6% −0.9% 19.0% −31.2% 12.3% 17.4% 28.7% 25.7% 18.9%
Returns
Return on capital — — — — −40.0% 25.0% 20.0% 23.1% 23.7% 18.2%
Return on equity −33.2% 31.0% 34.1% 19.7% −34.5% 23.3% 18.3% 22.2% 24.1% 19.7%
Return on assets — 8.4% 21.0% 12.0% −16.2% 11.1% 9.9% 11.5% 13.1% 11.0%
Return on tangible equity −33.2% 18.6% 26.3% 18.0% −40.8% 20.6% 17.6% 20.5% 22.6% 18.3%
Growth
Revenue growth — 662.8% 102.4% −16.5% −28.9% 77.0% −5.9% 28.5% 20.0% 30.3%
Net income growth — — 165.1% −16.0% −269.2% — −5.8% 38.9% 27.7% −4.8%
EPS growth — — 143.7% −20.4% −268.4% — −1.5% 53.9% 26.6% 12.0%
FCF growth — −890.0% — — −217.1% — 33.2% 111.8% 7.4% −4.1%
Share count change — 17.5% 8.7% 5.2% 0.5% 4.9% −4.3% −9.8% 0.9% −15.0%
Financial health
Net debt / EBITDA — — — — — −0.3x −0.4x −0.4x −0.3x −0.4x
Debt / equity — — — — 0.1x 0.0x 0.0x 0.1x 0.0x 0.1x
Loans / deposits — 147.2% 95.6% 265.8% 5,756.5% 11,821.9% 19,342.0% — — —
Provision / loans — — 32.7% 13.1% 17.4% 3.0% 4.4% — — —
Capital allocation
Capex / revenue 1.5% 1.2% 1.1% 0.5% 0.2% 0.1% 0.2% 0.2% 0.2% 0.3%
Stock comp / revenue 16.5% 4.1% 4.9% 5.1% 3.7% 2.4% 1.5% 0.9% 0.7% 0.8%
Payouts / FCF — — — 17.6% — 0.0% 23.6% 6.0% 19.8% 61.5%
Quality scores
Piotroski F-score — — 5.0 2.0 1.0 6.0 5.0 7.0 6.0 6.0
Accruals ratio — 23.7% 20.9% 2.7% −7.8% 5.1% 2.3% −2.0% 0.1% −0.0%

Source: SEC EDGAR XBRL filings (CIK 0001725033). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. Per-share figures are per US-listed share (1 ADS = 6 ordinary shares). For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open