Quarterly ResultMay 27, 2026, 06:07 AM
Qfin Holdings Q1 Revenue $566.7M, Net Income $127.5M
AI Summary
Qfin Holdings announced its Q1 2026 unaudited financial results, with total net revenue decreasing to $566.7 million and net income falling to $127.5 million. The company reported a significant decline in loan facilitation and origination volume, but highlighted improved risk performance and operational efficiency amidst a challenging regulatory environment. Qfin Holdings is also pursuing global expansion and strengthening its balance sheet through convertible note repurchases.
Key Highlights
- Total net revenue was $566.7 million, a decrease from $593.3 million in Q4 2025 and $680.0 million in Q1 2025.
- Net income was $127.5 million, down from $147.3 million in Q4 2025 and $260.5 million in Q1 2025.
- Total loan facilitation and origination volume decreased 26.8% year-over-year to RMB65,034 million.
- Total outstanding loan balance decreased 18.5% year-over-year to RMB114,387 million.
- The 90 day+ delinquency rate was 3.50% as of March 31, 2026.
- The company repurchased $577 million in aggregate principal amount of 2030 convertible notes for $502 million in cash.
- Q2 2026 net income guidance is $120.3 million to $132.0 million, representing a 47-51% year-over-year decline.
- Cumulative consumers increased 11.0% year-over-year to 297.5 million.
Price Impact
More from QFIN