Qfin Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.75B | $2.35B | $2.29B | $2.40B | $2.61B | $2.08B | $1.32B | $646.8M |
| Cost of Revenue | $429.3M | $397.4M | $374.6M | $344.1M | $353.4M | $245.3M | $155.6M | $106.0M |
| Gross Profit | $2.32B | $1.95B | $1.92B | $2.06B | $2.26B | $1.83B | $1.17B | $540.8M |
| Gross Margin | 84.4% | 83.1% | 83.7% | 85.7% | 86.5% | 88.2% | 88.2% | 83.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $94.2M | $61.6M | $59.3M | $59.9M | $87.5M | $69.9M | $61.5M | $82.8M |
| Operating Income | $955.0M | $1.03B | $684.1M | $648.4M | $1.06B | $580.9M | $415.6M | $239.2M |
| Operating Margin | 34.8% | 43.9% | 29.8% | 27.0% | 40.8% | 27.9% | 31.4% | 37.0% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.05B | $1.08B | $743.3M | $687.6M | $1.10B | $625.6M | $426.2M | $241.4M |
| Income Tax Expense | $200.3M | $225.3M | $142.1M | $106.8M | $197.4M | $89.8M | $66.9M | $67.8M |
| Net Income | $854.5M | $856.0M | $601.2M | $580.8M | $904.6M | $535.7M | $359.3M | $173.6M |
| Net Margin | 31.1% | 36.4% | 26.2% | 24.2% | 34.7% | 25.8% | 27.1% | 26.8% |
| EPS (Basic) | $3.21 | $2.88 | $1.88 | $1.87 | $2.95 | $1.80 | $1.24 | $-1.37 |
| EPS (Diluted) | $3.15 | $2.83 | $1.84 | $1.81 | $2.82 | $1.75 | $1.19 | $-1.37 |
| Shares Outstanding (Basic) | 266.5M | 298.0M | 320.7M | 312.6M | 307.3M | 298.2M | 288.8M | 202.8M |
| Shares Outstanding (Diluted) | 272.2M | 303.4M | 328.5M | 322.0M | 321.4M | 306.7M | 300.9M | 202.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |