9F Inc. Financials

JFU

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows 9F Inc. (JFU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 41/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

9F Inc. has an operating margin of -36.4%, meaning the company retains $-36 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -46.9% the prior year.

Growth

9F Inc.'s revenue declined 70.5% year-over-year, from $58.1M to $17.1M. This contraction results in a growth score of 0/100.

Leverage

100

9F Inc. carries a low D/E ratio of 0.13, meaning only $0.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

9F Inc. converts 36.3% of revenue into free cash flow ($6.2M). This strong cash generation earns a score of 100/100.

Returns

9F Inc. generates a 1.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 6/100.

Piotroski F-Score Neutral

4/9

9F Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.93x

For every $1 of reported earnings, 9F Inc. generates $0.93 in operating cash flow ($6.4M OCF vs $6.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$17.1M

YoY-70.5%

5Y CAGR-51.5%

9F Inc. generated $17.1M in revenue in fiscal year 2024. This represents a decrease of 70.5% from the prior year.

EBITDA

-$4.4M

YoY+82.7%

9F Inc.'s EBITDA was -$4.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 82.7% from the prior year.

Free Cash Flow

$6.2M

YoY-22.3%

9F Inc. generated $6.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 22.3% from the prior year.

Net Income

$6.8M

YoY+134.6%

9F Inc. reported $6.8M in net income in fiscal year 2024. This represents an increase of 134.6% from the prior year.

EPS (Diluted)

$0.03

YoY+137.5%

9F Inc. earned $0.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 137.5% from the prior year.

Cash & Debt

$52.0M

YoY-77.5%

5Y CAGR-40.1%

9F Inc. held $52.0M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

76.2%

YoY+56.6pp

9F Inc.'s gross margin was 76.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 56.6 percentage points from the prior year.

Operating Margin

-36.4%

YoY+10.6pp

9F Inc.'s operating margin was -36.4% in fiscal year 2024, reflecting core business profitability. This is up 10.6 percentage points from the prior year.

Net Margin

40.0%

YoY+74.0pp

5Y CAGR+88.8pp

9F Inc.'s net profit margin was 40.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 74.0 percentage points from the prior year.

Return on Equity

1.4%

9F Inc.'s ROE was 1.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$156K

YoY-80.7%

5Y CAGR-54.7%

9F Inc. invested $156K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 80.7% from the prior year.

JFU Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$17.1M-70.5%	$58.1M-28.7%	$81.4M-31.8%	$119.5M-37.9%	$192.5M-69.7%	$635.6M
Cost of Revenue	$4.1M-53.1%	$8.7M+29.0%	$6.7M	N/A	N/A	N/A
Gross Profit	$13.0M+14.4%	$11.4M-27.5%	$15.7M	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$30.5M-19.8%	$38.1M-30.0%	$54.4M-33.7%	$82.0M-58.9%	$199.8M+20.4%	$166.0M
Operating Income	-$6.2M+77.2%	-$27.3M-25.1%	-$21.8M	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.9M+75.5%	$1.1M-35.3%	$1.7M-59.8%	$4.2M-94.9%	$82.5M+429.0%	-$25.1M
Net Income	$6.8M+134.6%	-$19.8M+77.1%	-$86.2M-133.9%	-$36.9M+89.4%	-$346.2M-11.6%	-$310.2M
EPS (Diluted)	$0.03+137.5%	$-0.08	N/A	$-0.17+90.2%	$-1.74+2.8%	$-1.79

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

JFU Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$564.9M-0.7%	$568.9M-9.0%	$625.0M-21.1%	$792.4M-4.0%	$825.5M-35.3%	$1.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$52.0M-77.5%	$231.0M-37.7%	$370.7M-3.3%	$383.4M-8.2%	$417.9M-37.9%	$672.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$5.4M-59.9%	$13.4M+1.7%	$13.2M+110.1%	$6.3M-84.5%	$40.4M
Goodwill	N/A	N/A	$3.6M+3.3%	$3.5M+2.4%	$3.4M-67.3%	$10.4M
Total Liabilities	$63.9M-2.8%	$65.7M-24.4%	$86.9M-35.6%	$134.9M-24.3%	$178.3M-51.4%	$366.6M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$493.4M-0.4%	$495.5M-6.5%	$530.1M-18.3%	$648.7M+1.5%	$638.9M-29.2%	$902.2M
Retained Earnings	-$381.1M+4.3%	-$398.1M-2.2%	-$389.5M-20.6%	-$322.9M-15.6%	-$279.3M-498.3%	$70.1M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$564.9M-0.7%	$568.9M-9.0%	$625.0M-21.1%	$792.4M-4.0%	$825.5M-35.3%	$1.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$52.0M-77.5%	$231.0M-37.7%	$370.7M-3.3%	$383.4M-8.2%	$417.9M-37.9%	$672.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$5.4M-59.9%	$13.4M+1.7%	$13.2M+110.1%	$6.3M-84.5%	$40.4M
Goodwill	N/A	N/A	$3.6M+3.3%	$3.5M+2.4%	$3.4M-67.3%	$10.4M
Total Liabilities	$63.9M-2.8%	$65.7M-24.4%	$86.9M-35.6%	$134.9M-24.3%	$178.3M-51.4%	$366.6M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$493.4M-0.4%	$495.5M-6.5%	$530.1M-18.3%	$648.7M+1.5%	$638.9M-29.2%	$902.2M
Retained Earnings	-$381.1M+4.3%	-$398.1M-2.2%	-$389.5M-20.6%	-$322.9M-15.6%	-$279.3M-498.3%	$70.1M

JFU Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$6.4M-27.6%	$8.8M-4.1%	$9.2M+125.5%	-$36.0M+86.5%	-$267.4M-333.8%	-$61.6M
Capital Expenditures	$156K-80.7%	$809K-87.5%	$6.5M+435.2%	$1.2M	N/A	$8.1M
Free Cash Flow	$6.2M-22.3%	$8.0M+197.8%	$2.7M+107.2%	-$37.3M	N/A	-$69.8M
Investing Cash Flow	-$177.0M-32.4%	-$133.7M-231.9%	-$40.3M+20.2%	-$50.5M-934.2%	$6.0M+106.0%	-$101.6M
Financing Cash Flow	N/A	N/A	N/A	$31.3M+1485.3%	$2.0M-97.1%	$67.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

JFU Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	76.2%+56.6pp	19.6%+0.3pp	19.3%	N/A	N/A	N/A
Operating Margin	-36.4%+10.6pp	-46.9%-20.2pp	-26.8%	N/A	N/A	N/A
Net Margin	40.0%+74.0pp	-34.0%+71.9pp	-105.9%-75.0pp	-30.9%+149.0pp	-179.8%-131.1pp	-48.8%
Return on Equity	1.4%	N/A	N/A	N/A	N/A	N/A
Return on Assets	1.2%+4.7pp	-3.5%+10.3pp	-13.8%-9.2pp	-4.7%+37.3pp	-41.9%-17.6pp	-24.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.130.0	0.13-0.0	0.16-0.0	0.21-0.1	0.28-0.1	0.41
FCF Margin	36.3%+22.5pp	13.8%+10.5pp	3.3%+34.5pp	-31.2%	N/A	-11.0%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.130.0	0.13-0.0	0.16-0.0	0.21-0.1	0.28-0.1	0.41
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is 9F Inc.'s annual revenue?

9F Inc. (JFU) reported $17.1M in total revenue for fiscal year 2024. This represents a -70.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is 9F Inc.'s revenue growing?

9F Inc. (JFU) revenue declined by 70.5% year-over-year, from $58.1M to $17.1M in fiscal year 2024.

Is 9F Inc. profitable?

Yes, 9F Inc. (JFU) reported a net income of $6.8M in fiscal year 2024, with a net profit margin of 40.0%.

What is 9F Inc.'s earnings per share (EPS)?

9F Inc. (JFU) reported diluted earnings per share of $0.03 for fiscal year 2024. This represents a 137.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is 9F Inc.'s EBITDA?

9F Inc. (JFU) had EBITDA of -$4.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is 9F Inc.'s gross margin?

9F Inc. (JFU) had a gross margin of 76.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is 9F Inc.'s operating margin?

9F Inc. (JFU) had an operating margin of -36.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is 9F Inc.'s net profit margin?

9F Inc. (JFU) had a net profit margin of 40.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is 9F Inc.'s return on equity (ROE)?

9F Inc. (JFU) has a return on equity of 1.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is 9F Inc.'s free cash flow?

9F Inc. (JFU) generated $6.2M in free cash flow during fiscal year 2024. This represents a -22.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is 9F Inc.'s operating cash flow?

9F Inc. (JFU) generated $6.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are 9F Inc.'s total assets?

9F Inc. (JFU) had $564.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are 9F Inc.'s capital expenditures?

9F Inc. (JFU) invested $156K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is 9F Inc.'s debt-to-equity ratio?

9F Inc. (JFU) had a debt-to-equity ratio of 0.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is 9F Inc.'s return on assets (ROA)?

9F Inc. (JFU) had a return on assets of 1.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is 9F Inc.'s Piotroski F-Score?

9F Inc. (JFU) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are 9F Inc.'s earnings high quality?

9F Inc. (JFU) has an earnings quality ratio of 0.93x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is 9F Inc.?

9F Inc. (JFU) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.