Quarterly ResultMay 27, 2026, 05:06 PM
X Financial Q1 Revenue $170.5M, Net Income $5.5M; Loan Origination Down 58.4%
AI Summary
X Financial reported a significant decline in its first quarter 2026 unaudited financial results, with total net revenue decreasing 39.3% year-over-year to $170.5 million and net income plummeting 91.7% to $5.5 million. Loan facilitation and origination volumes also fell sharply by 58.4% year-over-year to RMB14.63 billion, reflecting the company's strategic tightening of credit standards amid a challenging operating environment. The company repurchased approximately 1.8 million ADSs for $8.2 million and provided Q2 2026 loan origination guidance of RMB11.5 billion to RMB12.5 billion.
Key Highlights
- Total net revenue decreased 39.3% year-over-year to RMB1.18 billion ($170.5 million) in Q1 2026.
- Net income fell 91.7% year-over-year to RMB37.9 million ($5.5 million) in Q1 2026.
- Total loan amount facilitated and originated was RMB14.63 billion, down 58.4% year-over-year.
- Total outstanding loan balance was RMB35.28 billion, a 39.6% decrease year-over-year.
- Active borrowers declined 60.6% year-over-year to 956,520 in Q1 2026.
- The 31-60 day delinquency rate eased to 2.61%, while the 91-180 day rate rose to 9.95%.
- Repurchased approximately 1.8 million ADSs for $8.2 million from January 1 to May 15, 2026.
- Forecasts Q2 2026 loan origination between RMB11.5 billion and RMB12.5 billion.
Price Impact
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