X Financial balance sheet

At the end of fiscal 2025, X Financial had total assets of $2.10bn, total liabilities of $977m and shareholders' equity of $1.12bn. It held $141m in cash against $58.6m of debt: net cash of $82.7m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

X Financial: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	73	103	156	145	114	92	87	168	135	141
Total assets	—	598	674	1,189	1,149	1,152	1,281	1,641	1,619	2,097
Short-term debt	—	—	—	—	54	26	7	80	45	59
Total debt	0	0	0	0	54	26	7	80	45	59
Total liabilities	—	326	163	562	678	528	592	817	667	977
Shareholders' equity	54	271	512	627	471	624	689	824	953	1,121
Net debt (negative = net cash)	−73	−103	−156	−145	−61	−66	−80	−89	−90	−83
Shares outstanding	—	47m	51m	53m	54m	55m	48m	49m	42m	39m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from X Financial's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to X Financial.