360 DigiTech, Inc.

360 DigiTech, Inc. Earnings Recaps

QFIN Financials 2 recaps
Q3 2025 Nov 20, 2025

Qfin Holdings delivered stable financial results in Q3 2025 amid challenging market conditions, demonstrating strong risk management and sustained operational resilience.

Key takeaways
  • Non-GAAP net income reached RMB 1.51 billion, with non-GAAP EPADS at RMB 11.36, reflecting solid profitability.
  • Loan facilitation and origination volumes totaled RMB 83.3 billion, consistent with Q2 levels despite ongoing industry headwinds.
  • User acquisition improved with new credit line users increasing by 9% and average cost per user declining by 8%, bolstered by diversified channels and partnerships.
Full recap
Q2 2025 Aug 15, 2025

Qfin Holdings reported robust Q2 2025 performance, with a 30.8% increase in non-GAAP net income and a 16% rise in loan facilitation volume year-over-year, demonstrating resilience amid external challenges.

Key takeaways
  • Total loan facilitation volume reached RMB 84.6 billion, up 16% year-over-year.
  • Non-GAAP net income grew 30.8% to RMB 1.85 billion, with non-GAAP EPADS rising 48.8% to RMB 13.63.
  • The company enhanced its risk management approach, achieving a 5% reduction in First Payment Default rates for new loans from May to June.
  • New credit line users surged 40% year-over-year to 1.79 million, primarily driven by embedded finance initiatives.
  • Qfin's ABS issuance rose 70% year-over-year to RMB 7.8 billion, contributing to lower overall funding costs.
Full recap