X Financial income statement

In fiscal 2025, X Financial reported revenue of $1.06bn, up 30.3% on the year before, operating income of $227m (a 21.3% margin) and net income of $204m, or $4.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

X Financial: income statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	35	265	537	447	318	562	531	680	816	1,063
Cost of revenue	39	113	180	237	300	304	199	218	242	281
Gross profit	−4	152	357	210	18	258	331	462	575	782
Selling and marketing	6	11	31	15	5	3	2	2	—	—
General and administrative	9	15	33	33	26	29	21	22	24	28
Operating income	−21	74	193	118	−207	203	181	207	260	227
Provision for credit losses	—	—	6	5	33	12	25	20	27	150
Income before tax	−22	71	164	96	−232	185	182	208	263	244
Income tax	−4	20	−32	−13	−43	57	59	37	56	41
Net income	−18	50	134	112	−190	128	121	168	214	204
Diluted EPS	−$0.45	$1.08	$2.65	$2.10	−$3.54	$2.28	$2.25	$3.46	$4.38	$4.90
Diluted shares (average)	40m	47m	51m	53m	54m	56m	54m	48m	49m	42m
EBITDA	−20	75	195	119	−206	205	182	207	261	228

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.