Yiren Digital Ltd. is a US-listed company in the consumer finance industry. Its financial year ends in December.
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~$0.8
Price-to-earnings vs peers
Base case. Range ~$0.8–$1.3. Earnings per share times peers' typical (harmonic-mean) price-to-earnings.
No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.
Yiren Digital Ltd. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $796m, down 1.4% on a year earlier, against growth of 16.6% a quarter earlier. That puts it 33 of 39 for growth among the consumer finance companies we cover. Our price-to-earnings vs peers value is $0.82 a share, against a share price of $0.41.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Yiren Digital Ltd.'s trailing-twelve-month revenue fell 1.4% year on year, with a free-cash-flow margin of 11.9%. Where it stands out: stock pay as % of revenue of 0.5% ranks 6 of 36 consumer finance companies we cover. Where it lags: operating margin of -103.9% ranks 16 of 16 consumer finance companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 52.0% while net income fell 96.5%: a 45pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for YRD from the sources we follow. See filings →
We value Yiren Digital Ltd. as a bank or lender, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$52 ~$36–$78 | Left out: out of range vs price (126.32x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$44 ~$37–$54 | Left out: out of range vs price (106.05x) |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$28 ~$19–$36 | Left out: out of range vs price (66.80x) |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$14 ~$16–$24 | Left out: out of range vs price (32.74x) |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$0.8 ~$1.0–$1.3 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | ~$46 ~$37–$58 | Left out: out of range vs price (110.41x) |
| Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$0.8 ~$0.8–$1.3 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Yiren Digital Ltd. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: December 18, 2026, before the open.
No analyst estimates are published for Yiren Digital Ltd.: too few analysts cover it.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY14 Q4 | $31.9M |
| FY15 Q4 | $209.1M |
| FY16 Q4 | $487.8M |
| FY17 Q4 | $1.7B |
| FY18 Q4 | $1.7B |
| FY19 Q4 | $1.2B |
| FY20 Q4 | $574.3M |
| FY21 Q4 | $694.2M |
| FY22 Q4 | $511.5M |
| FY23 Q4 | $691.9M |
| FY24 Q4 | $806.9M |
| FY25 Q4 | $795.8M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY15 Q4 | 555.7% |
| FY16 Q4 | 133.3% |
| FY17 Q4 | 250.1% |
| FY18 Q4 | -0.2% |
| FY19 Q4 | -26.8% |
| FY20 Q4 | -54.0% |
| FY21 Q4 | 20.9% |
| FY22 Q4 | -26.3% |
| FY23 Q4 | 35.3% |
| FY24 Q4 | 16.6% |
| FY25 Q4 | -1.4% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY22 Q4 | 47.2% |
| FY23 Q4 | -47.0% |
| FY24 Q4 | -71.6% |
| FY25 Q4 | -103.9% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY14 Q4 | -117.3% |
| FY15 Q4 | 64.3% |
| FY16 Q4 | 64.3% |
| FY17 Q4 | -0.3% |
| FY18 Q4 | -36.5% |
| FY19 Q4 | 2.6% |
| FY20 Q4 | 6.8% |
| FY21 Q4 | 3.3% |
| FY22 Q4 | 53.8% |
| FY23 Q4 | 44.3% |
| FY24 Q4 | 24.4% |
| FY25 Q4 | 11.9% |
| Fiscal year | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||
| Revenue | 32 | 209 | 488 | 1,708 | 1,704 | 1,248 | 574 | 694 | 511 | 692 | 807 | 796 |
| EBITDA | — | — | — | — | — | — | — | — | 245 | −324 | −577 | −825 |
| Operating income | — | — | — | — | — | — | — | — | 241 | −325 | −578 | −827 |
| Net income | −4 | 44 | 168 | −28 | 239 | 167 | −100 | 160 | 178 | 294 | 220 | 8 |
| Diluted EPS | −$0.09 | $0.87 | $2.83 | −$0.31 | $2.57 | $1.79 | −$1.11 | $1.88 | $2.03 | $3.29 | $2.52 | $0.09 |
| Growth (year on year) | ||||||||||||
| Revenue | — | +555.7% | +133.3% | +250.1% | −0.2% | −26.8% | −54.0% | +20.9% | −26.3% | +35.3% | +16.6% | −1.4% |
| EBITDA | — | — | — | — | — | — | — | — | — | −232.3% | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | −234.8% | — | — |
| Net income | — | — | +283.7% | −116.6% | — | −30.1% | −160.0% | — | +11.1% | +65.2% | −25.2% | −96.5% |
| Diluted EPS | — | — | +224.7% | −110.8% | — | −30.2% | −162.1% | — | +8.1% | +62.2% | −23.5% | −96.5% |
| Margins | ||||||||||||
| EBITDA margin | — | — | — | — | — | — | — | — | 47.9% | −46.9% | −71.5% | −103.7% |
| Operating margin | — | — | — | — | — | — | — | — | 47.2% | −47.0% | −71.6% | −103.9% |
| Net margin | −14.1% | 21.0% | 34.5% | −1.6% | 14.1% | 13.4% | −17.5% | 23.1% | 34.8% | 42.5% | 27.3% | 1.0% |
| Free-cash-flow margin | −117.3% | 64.3% | 64.3% | −0.3% | −36.5% | 2.6% | 6.8% | 3.3% | 53.8% | 44.3% | 24.4% | 11.9% |
| Cash flow | ||||||||||||
| Cash from operations | −37 | 137 | 318 | 27 | −600 | 40 | 41 | 25 | 275 | 307 | 198 | 98 |
| Capital spending | 1 | 3 | 5 | 32 | 21 | 7 | 2 | 1 | 0 | 1 | 1 | 4 |
| Free cash flow | −37 | 135 | 314 | −5 | −621 | 33 | 39 | 23 | 275 | 306 | 197 | 94 |
| Stock-based pay | — | — | 3 | 19 | 18 | 6 | 2 | 3 | 3 | 1 | 2 | 4 |
| Free cash flow after stock pay | — | — | 311 | −24 | −639 | 26 | 37 | 20 | 272 | 305 | 194 | 90 |
| Balance sheet | ||||||||||||
| Cash | 0 | 131 | 139 | 342 | 379 | 459 | 379 | 450 | 619 | 816 | 526 | 479 |
| Total debt | 0 | 0 | 0 | 0 | 28 | 3 | 77 | 161 | 111 | 0 | 0 | 1 |
| Net debt (negative = net cash) | −0 | −131 | −139 | −342 | −351 | −457 | −302 | −288 | −508 | −816 | −526 | −477 |
| Diluted shares | 50m | 50m | 59m | 91m | 93m | 93m | 90m | 85m | 88m | 89m | 87m | 87m |
| Returned to shareholders | ||||||||||||
| Dividends | — | — | — | 90 | 16 | — | — | — | — | — | 17 | 38 |
| Buybacks | — | — | — | — | 0 | 5 | 0 | 0 | 1 | 7 | 11 | 0 |
| Total returned | — | — | — | 90 | 16 | 5 | 0 | 0 | 1 | 7 | 28 | 38 |
| Last 12 months unless stated | YRD | LU | JFIN | CANG | RM | OPRT | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $796m | $778m | $866m | $688m | $684m | $948m | $1.6bn |
| Revenue growth, last 12 months | −1.4% | −31.4% | 7.4% | 524.3% | 8.4% | −2.3% | 10.4% |
| Revenue growth, 3-year average | — | — | — | — | 8.1% | −3.0% | 11.3% |
| Revenue growth, latest quarter | — | — | — | — | 8.0% | −0.5% | 10.6% |
| Operating margin | −103.9% | — | 28.9% | −63.5% | — | — | 11.2% |
| Net margin | 1.0% | −37.5% | 24.7% | −90.4% | 7.0% | 2.1% | 10.5% |
| Cash from operations / revenue | 12.3% | 223.2% | 20.2% | −16.0% | 47.4% | 44.4% | 22.7% |
| Free-cash-flow margin | 11.9% | 222.1% | 10.0% | −17.3% | 46.7% | 42.4% | 18.4% |
| Free-cash-flow margin, 3-year average | 5.0% | — | 8.0% | — | 46.3% | 39.4% | 23.6% |
| Stock pay / revenue | 0.5% | — | 2.5% | 0.7% | 1.3% | 1.3% | 1.3% |
| Change in share count | −0.0% | 24.2% | −1.7% | 21.6% | −3.9% | 9.4% | −0.8% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -1.4% | 10.4% | 33 of 39 |
| Change in growth rate Growth | -18.0pp | +0.6pp | 37 of 38 |
| Operating margin Profitability | -103.9% | 13.9% | 16 of 16 |
| Net margin Profitability | 1.0% | 10.5% | 31 of 39 |
| Stock pay as % of revenue Cash generation | 0.5% | 1.3% | 6 of 36 |
| Change in share count Balance sheet | -0.0% | -0.0% | 21 of 38 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Dimensional Fund Advisors LP | $871,820 | 1.0M | 50.9% | ▼ 7.8% |
| Renaissance Technologies LLC | $225,131 | 269K | 13.1% | ▲ 26.4% |
| Morgan Stanley | $180,274 | 216K | 10.5% | ▲ 1.1% |
| Ramsey Quantitative Systems | $110,310 | 132K | 6.4% | New |
| Gsa Capital Partners LLP | $84,000 | 101K | 4.9% | ▲ 10.3% |
| Verdad Advisers, LP | $51,794 | 62K | 3.0% | ▲ 10.1% |
| Acadian Asset Management LLC | $40,000 | 50K | 2.3% | ▲ 92.8% |
| Trexquant Investment LP | $25,018 | 30K | 1.5% | ▼ 49.3% |
| HRT Financial LP | $23,000 | 29K | 1.3% | New |
| Smartharvest Portfolios, LLC | $20,492 | 25K | 1.2% | New |
| American Century Companies Inc | $20,137 | 24K | 1.2% | 0.0% |
| Sei Investments Co | $17,732 | 21K | 1.0% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Yiren Digital Ltd.'s complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
No trades in Yiren Digital Ltd. disclosed in the last 12 months; 2 earlier trades on record.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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