9F (JFU) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the JFU SEC filings page.
9F Inc. (JFU) reported $19.2M in revenue for fiscal year 2025, up 12.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 (20-F and 6-K reports).
Profit now comes with cash generation, but unusually high reported margins imply non-operating items matter more than sales scale.
FY2025's operating cash flow of$29.7M exceeded net income of$24.1M , and the supplied123.5% conversion ratio shows cash generation was not merely an accounting profit. That is a shift from FY2024's93.0% conversion, when cash and earnings were much closer together.
Revenue grew
The balance sheet remains equity-funded: liabilities represented
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of 9F Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
9F Inc. has an operating margin of 8.4%, meaning the company retains $8 of operating profit per $100 of revenue. Among its peers this margin ranks in the lower range, for a profitability score of 14/100. This is up from -36.4% the prior year.
9F Inc.'s revenue grew 12.2% year-over-year to $19.2M, a solid pace of expansion. This earns a growth score of 23/100.
Not available for 9F Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
9F Inc.'s reported free cash flow margin for fiscal year 2025 is above the highest share of revenue this page publishes, so the figure is not shown here. This dimension scores 100/100.
Not available for 9F Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
9F Inc. passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), both operating efficiency signals pass.
For every $1 of reported earnings, 9F Inc. generates $1.23 in operating cash flow ($29.7M OCF vs $24.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
9F Inc. generated $19.2M in revenue in fiscal year 2025. This represents an increase of 12.2% from the prior year.
9F Inc.'s EBITDA was $3.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
9F Inc. reported $24.1M in net income in fiscal year 2025. This represents an increase of 251.2% from the prior year.
9F Inc. earned $0.10 per diluted share (EPS) in fiscal year 2025. This represents an increase of 252.4% from the prior year.
Cash & Balance Sheet
9F Inc. generated $29.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 371.8% from the prior year.
9F Inc. held $62.1M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
9F Inc.'s gross margin was 81.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.0 percentage points from the prior year.
9F Inc.'s operating margin was 8.4% in fiscal year 2025, reflecting core business profitability. This is up 44.8 percentage points from the prior year.
9F Inc.'s ROE was 4.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
9F Inc. invested $381K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 143.7% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
JFU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.2M+12.2% | $17.1M-14.8% | $20.1M-75.3% | $81.4M-31.8% | $119.5M-37.9% | $192.5M-69.7% | $635.6M-21.4% | $808.2M-22.0% | $1.0B |
| Cost of Revenue | $3.6M-11.3% | $4.1M-53.1% | $8.7M+29.0% | $6.7M-27.4% | $9.3M+1621.2% | $539K | N/A | N/A | N/A |
| Gross Profit | $15.6M+19.5% | $13.0M+14.4% | $11.4M-27.5% | $15.7M-30.3% | $22.6M+6745.4% | $330K | N/A | N/A | N/A |
| SG&A Expenses | $27.7M-14.7% | $32.5M-22.7% | $42.0M-33.8% | $63.4M-41.3% | $108.0M-57.1% | $252.0M-49.9% | $502.6M+18.9% | $422.7M-48.3% | $817.3M |
| Operating Income | $1.6Mn/m | -$6.2Mn/m | -$27.3Mn/m | -$21.8Mn/m | -$8.7Mn/m | -$196.5M | N/A | N/A | N/A |
| EBITDA | $3.7Mn/m | -$4.4Mn/m | -$24.8Mn/m | -$18.7Mn/m | -$3.8Mn/m | -$192.8M | N/A | N/A | N/A |
| Income Tax | $8.1M+320.5% | $1.9M+75.6% | $1.1M-35.3% | $1.7M-59.8% | $4.2M-94.9% | $82.5Mn/m | -$25.1M-142.9% | $58.5M+8.0% | $54.2M |
| Net Income | $24.1M+251.2% | $6.8Mn/m | -$19.7Mn/m | -$86.2Mn/m | -$36.9Mn/m | -$346.2Mn/m | -$310.2M-207.6% | $288.2M+213.8% | $91.9M |
| EPS (Basic) | $0.10+252.4% | $0.03n/m | -$0.08n/m | -$0.37n/m | -$0.17n/m | -$1.74n/m | -$1.79-216.1% | $1.54+209.7% | $0.50 |
| EPS (Diluted) | $0.10+252.4% | $0.03n/m | -$0.08n/m | -$0.37n/m | -$0.17n/m | -$1.74n/m | -$1.79-230.5% | $1.37+203.9% | $0.45 |
| Diluted Shares (Avg) | 236M0.0% | 236M+0.2% | 235M+1.0% | 233M+9.2% | 214M+7.6% | 199M+13.8% | 175M-6.0% | 186M+34.1% | 138M |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
JFU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $614.6M+8.8% | $564.9M-0.7% | $568.9M-9.0% | $625.0M-21.1% | $792.4M-4.0% | $825.5M-35.3% | $1.3B-3.7% | $1.3B | N/A |
| Cash & Equivalents | $62.1M+19.6% | $52.0M-78.1% | $237.5M-32.7% | $352.8M-8.0% | $383.4M-8.2% | $417.9M-37.9% | $672.8M-15.4% | $795.4M+37.0% | $580.7M |
| Inventory | $154K+13.0% | $137K-50.2% | $275K-28.8% | $386K+96.8% | $196K-46.6% | $368K | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $5.4M-59.9% | $13.4M+1.7% | $13.2M+110.0% | $6.3M-84.5% | $40.4M+54.1% | $26.2M | N/A |
| Long-Term Investments | $45.1M-62.5% | $120.5M-19.8% | $150.3M+95.6% | $76.9M-32.7% | $114.1M+0.9% | $113.1M+1.6% | $111.4M-19.7% | $138.8M+77.1% | $78.3M |
| Goodwill | N/A | N/A | N/A | $3.6M+3.3% | $3.5M+2.4% | $3.4M-67.3% | $10.4M+432.9% | $1.9M+368.4% | $416K |
| Total Liabilities | $75.4M+17.9% | $63.9M-2.8% | $65.7M-24.4% | $86.9M-35.6% | $134.9M-24.3% | $178.3M-51.4% | $366.6M+71.4% | $213.9M | N/A |
| Total Equity | $530.8M+7.6% | $493.4M-0.4% | $495.5M-6.5% | $530.1M-18.3% | $648.7M+1.5% | $638.9M-29.2% | $902.2M-0.7% | $908.2M+59.5% | $569.4M |
| Retained Earnings | -$374.5Mn/m | -$381.1Mn/m | -$398.1Mn/m | -$389.5Mn/m | -$322.9Mn/m | -$279.3M-498.3% | $70.1M-81.9% | $388.5M | N/A |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
JFU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.7M+366.2% | $6.4M-2.8% | $6.6M-44.1% | $11.7Mn/m | -$36.0Mn/m | -$267.4Mn/m | -$61.6M-118.1% | $341.2M-22.5% | $440.4M |
| Depreciation & Amortization | $2.1M+15.4% | $1.8M-26.9% | $2.5M-18.6% | $3.0M-38.5% | $4.9M+33.3% | $3.7M-31.0% | $5.4M+97.2% | $2.7M+49.4% | $1.8M |
| Stock-Based Compensation | $8Kn/m | -$131Kn/m | -$10.2M-1383.6% | $791K-90.4% | $8.2M-81.6% | $44.5M-12.2% | $50.7M-31.4% | $73.9M-77.9% | $335.1M |
| Capital Expenditures | $381K+143.7% | $156K-80.7% | $809K-87.5% | $6.5M+435.1% | $1.2M | N/A | $8.1M+15.3% | $7.1M-3.6% | $7.3M |
| Free Cash Flow | $29.3M+371.8% | $6.2M+8.1% | $5.7M+9.8% | $5.2Mn/m | -$37.3M | N/A | -$69.8M-120.9% | $334.1M-22.9% | $433.1M |
| Investing Cash Flow | -$10.6Mn/m | -$177.0Mn/m | -$131.4Mn/m | -$42.8Mn/m | -$50.5M-934.2% | $6.0Mn/m | -$101.6Mn/m | -$179.9Mn/m | -$155.5M |
| Financing Cash Flow | $795K | N/A | N/A | N/A | $31.3M+1485.0% | $2.0M-97.1% | $67.8M-14.6% | $79.4M-8.3% | $86.6M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
JFU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.2%+5.0pp | 76.2%+19.4pp | 56.8%+37.5pp | 19.3%+0.4pp | 18.9%+18.7pp | 0.2% | N/A | N/A | N/A |
| Operating Margin | 8.4%+44.8pp | -36.4% | -135.7% | -26.8%-19.5pp | -7.3% | -102.1% | N/A | N/A | N/A |
| Net Margin | 125.2% | 40.0%+138.3pp | -98.3% | -105.9% | -30.9% | -179.8% | -48.8%-84.5pp | 35.7%+26.8pp | 8.9% |
| Return on Equity | 4.5%+3.1pp | 1.4%+5.4pp | -4.0%+12.3pp | -16.3%-10.6pp | -5.7%+48.5pp | -54.2%-19.8pp | -34.4%-66.1pp | 31.7%+15.6pp | 16.1% |
| Return on Assets | 3.9%+2.7pp | 1.2%+4.7pp | -3.5%+10.3pp | -13.8%-9.2pp | -4.7%+37.3pp | -41.9%-17.6pp | -24.3%-46.1pp | 21.8% | N/A |
| Liabilities-to-Equity | 0.140.0x | 0.130.0x | 0.130.0x | 0.160.0x | 0.21-0.1x | 0.28-0.1x | 0.41+0.2x | 0.24 | N/A |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.04-0.1x | 0.130.0x | 0.15-0.1x | 0.23-0.3x | 0.50-0.1x | 0.61 | N/A |
| FCF Margin | 152.6% | 36.3%+7.7pp | 28.6%+22.2pp | 6.4%+37.6pp | -31.2% | N/A | -11.0%-52.3pp | 41.3%-0.5pp | 41.8% |
Not reported in any period shown, so not listed: Current Ratio, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| 9F Inc. JFU | FY2025 | $19.2M | $24.1M | N/A | $30.6M | 54/100 |
| CLPS Incorporation CLPS | FY2026 | $172.2M | -$13.2M | -7.6% | $27.2M | 56/100 |
| Data Storage Corporation DTST | FY2025 | $1.4M | $19.2M | N/A | $7.2M | 37/100 |
| Veea Inc. VEEA | FY2025 | $222K | -$6.7M | N/A | $16.2M | — |
| Global Engine Group Holding Limited GLE | FY2026 | $2.8M | -$2.0M | -72.8% | $4.7M | 26/100 |
Where 9F Inc. Ranks
Frequently Asked Questions
What is 9F Inc.'s annual revenue?
9F Inc. (JFU) reported $19.2M in total revenue for fiscal year 2025. This represents a 12.2% 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 grew by 12.2% year-over-year, from $17.1M to $19.2M in fiscal year 2025.
Is 9F Inc. profitable?
Yes, 9F Inc. (JFU) reported a net income of $24.1M in fiscal year 2025.
What is 9F Inc.'s EBITDA?
9F Inc. (JFU) had EBITDA of $3.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is 9F Inc.'s gross margin?
9F Inc. (JFU) had a gross margin of 81.2% in fiscal year 2025, 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 8.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is 9F Inc.'s return on equity (ROE)?
9F Inc. (JFU) has a return on equity of 4.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is 9F Inc.'s free cash flow?
9F Inc. (JFU) generated $29.3M in free cash flow during fiscal year 2025. This represents a 371.8% 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 $29.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are 9F Inc.'s total assets?
9F Inc. (JFU) had $614.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are 9F Inc.'s capital expenditures?
9F Inc. (JFU) invested $381K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is 9F Inc.'s liabilities-to-equity ratio?
9F Inc. (JFU) had a liabilities-to-equity ratio of 0.14 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is 9F Inc.'s return on assets (ROA)?
9F Inc. (JFU) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is 9F Inc.'s P/E ratio?
9F Inc. (JFU) trades at 1.3x earnings, its market capitalization divided by $24.1M net income, FY2025. The market capitalization is $30.6M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is 9F Inc.'s price-to-sales ratio?
9F Inc. (JFU) trades at 1.6x sales, its market capitalization divided by $19.2M revenue, FY2025. The market capitalization is $30.6M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is 9F Inc.'s Piotroski F-Score?
9F Inc. (JFU) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.23x, considered cash-backed (high 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 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For 9F Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.