X Financial
XYF NYSE· Finance Services
KIRA · Stoqly’s AI analyst, in plain words
- X Financial had $1.1B of revenue in fiscal 2025, up 30.3% on the year before. Over five years, revenue changed +27.3% a year on average.
- Its operating margin was 21.3%, down 10.6 pts: of every 100 in sales, about 21 is left after running the business.
- X Financial made $204M of net profit in fiscal 2025.
- Free cash flow was $201M in fiscal 2025, 18.9% of revenue.
- X Financial returned $124M to shareholders in fiscal 2025, 61% of free cash flow. The diluted share count fell 15.0%.
- X Financial has $82.6M more cash than debt.
Market cap
—
P/E
—
Revenue
$1.1B
Net income
$204M
Free cash flow
$201M
Operating margin
21.3%
X Financial in 30 seconds · fiscal 2025
Are sales growing?
+30.3%
Yes. Sales grew 30.3% last year.
Does it make a profit?
19.2%
Yes. It keeps 19.2% of every sale as profit.
Does profit turn into cash?
18.9%
Yes. 18.9% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
What X Financial does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 30, 2026
- Legal name
- X Financial
- CIK
- 0001725033
X Financial · XYF
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $562M | $529M | $680M | $816M | $1.1B |
| Revenue growth | 77.0% | −5.9% | 28.5% | 20.0% | 30.3% |
| Gross margin | 45.9% | 62.5% | 67.9% | 70.4% | 73.6% |
| Operating margin | 36.2% | 34.1% | 30.4% | 31.9% | 21.3% |
| Net income | $128M | $121M | $168M | $214M | $204M |
| Net margin | 22.8% | 22.8% | 24.6% | 26.2% | 19.2% |
| Diluted EPS | $2.28 | $2.25 | $3.46 | $4.38 | $4.90 |
| Cash | |||||
| Cash from operations | $69.6M | $93.1M | $196M | $212M | $204M |
| Capital expenditure | $0.4M | $0.9M | $1.2M | $2.0M | $3.0M |
| Free cash flow | $69.2M | $92.2M | $195M | $210M | $201M |
| FCF margin | 12.3% | 17.4% | 28.7% | 25.7% | 18.9% |
| Dividends paid | $0.0M | $0.0M | $8.2M | $16.2M | $21.5M |
| Share buybacks | $0.0M | $21.8M | $3.5M | $25.3M | $102M |
| Share count change | 4.9% | −4.3% | −9.8% | 0.9% | −15.0% |
| Debt and strength | |||||
| 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 |
| Loans, net | $391M | $552M | — | — | — |
| Deposits | $3.3M | $2.9M | $2.8M | $1.6M | $1.7M |
| Shareholders' equity | $626M | $689M | $823M | $953M | $1.1B |
| Net debt / EBITDA | −0.3x | −0.4x | −0.4x | −0.3x | −0.4x |
| Returns and quality | |||||
| Return on capital | 25.0% | 20.0% | 23.1% | 23.7% | 18.2% |
| Return on equity | 23.3% | 18.3% | 22.2% | 24.1% | 19.7% |
| Return on tangible equity | 20.6% | 17.6% | 20.5% | 22.6% | 18.3% |
| Piotroski F-score | 6 | 5 | 7 | 6 | 6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
X Financial · XYF
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001725033). Data updated October 24, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.