Lexinfintch Hold Financials

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

This page shows Lexinfintch Hold (LX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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 54/100

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

Growth

Lexinfintch Hold's revenue grew 5.8% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 45/100.

Leverage

100

Lexinfintch Hold carries a low D/E ratio of 0.05, meaning only $0.05 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.

Liquidity

Lexinfintch Hold's current ratio of 1.86 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Lexinfintch Hold's free cash flow margin of 5.9% results in a low score of 29/100. Capital expenditures of $33.8M absorb a large share of operating cash flow.

Returns

Lexinfintch Hold's ROE of 10.3% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 11.0% the prior year.

Piotroski F-Score Neutral

6/9

Lexinfintch Hold passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.98x

For every $1 of reported earnings, Lexinfintch Hold generates $0.98 in operating cash flow ($148.2M OCF vs $150.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$1.9B

YoY+5.8%

5Y CAGR+5.0%

Lexinfintch Hold generated $1.9B in revenue in fiscal year 2024. This represents an increase of 5.8% from the prior year.

EBITDA

N/A

Free Cash Flow

$114.3M

YoY-68.3%

Lexinfintch Hold generated $114.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 68.3% from the prior year.

Net Income

$150.8M

YoY+0.4%

5Y CAGR-14.5%

Lexinfintch Hold reported $150.8M in net income in fiscal year 2024. This represents an increase of 0.4% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$308.8M

YoY-14.1%

5Y CAGR-0.7%

Lexinfintch Hold held $308.8M in cash against $80.1M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

35.4%

YoY+0.8pp

5Y CAGR-11.7pp

Lexinfintch Hold's gross margin was 35.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.

Operating Margin

N/A

Net Margin

7.8%

YoY-0.4pp

5Y CAGR-13.9pp

Lexinfintch Hold's net profit margin was 7.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.

Return on Equity

10.3%

YoY-0.7pp

5Y CAGR-24.5pp

Lexinfintch Hold's ROE was 10.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.

R&D Spending

$79.2M

YoY+9.6%

5Y CAGR+5.8%

Lexinfintch Hold invested $79.2M in research and development in fiscal year 2024. This represents an increase of 9.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$33.8M

YoY+4.7%

5Y CAGR+36.4%

Lexinfintch Hold invested $33.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 4.7% from the prior year.

LX Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.9B+5.8%	$1.8B+28.6%	$1.4B-19.9%	$1.8B+0.1%	$1.8B+17.2%	$1.5B
Cost of Revenue	$180.8M-21.5%	$230.4M-23.1%	$299.7M+8.5%	$276.2M-5.5%	$292.3M-43.8%	$520.6M
Gross Profit	$688.6M+8.3%	$635.7M+44.5%	$440.0M-51.2%	$902.2M+62.0%	$556.8M-22.4%	$717.4M
R&D Expenses	$79.2M+9.6%	$72.3M-14.5%	$84.6M-1.9%	$86.2M+18.6%	$72.7M+21.6%	$59.8M
SG&A Expenses	$51.3M-6.0%	$54.6M-12.8%	$62.6M-15.3%	$73.9M+6.8%	$69.2M+16.8%	$59.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.2M-82.6%	$7.1M-11.9%	$8.1M-18.6%	$9.9M-16.6%	$11.9M+111.0%	$5.6M
Income Tax	$34.7M-5.6%	$36.7M+25.0%	$29.4M-57.0%	$68.3M+391.9%	$13.9M-76.5%	$59.2M
Net Income	$150.8M+0.4%	$150.1M+25.4%	$119.7M-67.3%	$366.3M+301.7%	$91.2M-72.3%	$329.6M
EPS (Diluted)	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	Q4'18	Q4'17
Revenue	N/A	N/A	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	N/A	N/A
Gross Profit	N/A	N/A	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	N/A	N/A
SG&A Expenses	N/A	N/A	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	N/A	N/A
Interest Expense	N/A	N/A	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	N/A	N/A
Net Income	N/A	N/A	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	N/A	N/A

LX Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.0B-6.5%	$3.3B-1.3%	$3.3B+0.1%	$3.3B+5.8%	$3.1B+12.8%	$2.8B
Current Assets	$2.5B-5.9%	$2.6B+1.1%	$2.6B-1.4%	$2.6B+3.9%	$2.5B+6.1%	$2.4B
Cash & Equivalents	$308.8M-14.1%	$359.6M+70.9%	$210.4M-45.5%	$386.3M+57.4%	$245.4M-23.2%	$319.6M
Inventory	$3.1M-35.3%	$4.7M-39.5%	$7.8M+4.2%	$7.5M+3.8%	$7.2M-52.9%	$15.3M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6B-16.7%	$1.9B-7.6%	$2.0B+0.7%	$2.0B-10.4%	$2.3B+25.1%	$1.8B
Current Liabilities	$1.3B-24.2%	$1.7B-4.1%	$1.8B+13.2%	$1.6B-13.2%	$1.8B+30.8%	$1.4B
Long-Term Debt	$80.1M+8.5%	$73.8M+238.6%	$21.8M	N/A	N/A	N/A
Total Equity	$1.5B+7.6%	$1.4B+9.1%	$1.3B-0.5%	$1.3B+49.7%	$841.5M-11.2%	$948.0M
Retained Earnings	$904.9M+11.9%	$808.5M+13.9%	$709.6M+7.8%	$658.4M+103.2%	$324.0M-39.6%	$536.4M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$3.0B-6.5%	$3.3B-1.3%	$3.3B+0.1%	$3.3B+5.8%	$3.1B+12.8%	$2.8B+52.3%	$1.8B-19.9%	$2.3B
Current Assets	$2.5B-5.9%	$2.6B+1.1%	$2.6B-1.4%	$2.6B+3.9%	$2.5B+6.1%	$2.4B+58.2%	$1.5B-23.4%	$2.0B
Cash & Equivalents	$308.8M-14.1%	$359.6M+70.9%	$210.4M-45.5%	$386.3M+57.4%	$245.4M-23.2%	$319.6M+93.8%	$164.9M+0.7%	$163.8M
Inventory	$3.1M-35.3%	$4.7M-39.5%	$7.8M+4.2%	$7.5M+3.8%	$7.2M-52.9%	$15.3M+84.4%	$8.3M-46.8%	$15.6M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6B-16.7%	$1.9B-7.6%	$2.0B+0.7%	$2.0B-10.4%	$2.3B+25.1%	$1.8B+49.2%	$1.2B-39.2%	$2.0B
Current Liabilities	$1.3B-24.2%	$1.7B-4.1%	$1.8B+13.2%	$1.6B-13.2%	$1.8B+30.8%	$1.4B+20.7%	$1.2B-41.0%	$2.0B
Long-Term Debt	$80.1M+8.5%	$73.8M+238.6%	$21.8M	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.5B+7.6%	$1.4B+9.1%	$1.3B-0.5%	$1.3B+49.7%	$841.5M-11.2%	$948.0M+58.7%	$597.3M+128.4%	$261.5M
Retained Earnings	$904.9M+11.9%	$808.5M+13.9%	$709.6M+7.8%	$658.4M+103.2%	$324.0M-39.6%	$536.4M+131.7%	$231.5M+434.4%	-$69.2M

LX Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$148.2M-62.3%	$392.5M+2639.5%	$14.3M-96.6%	$418.6M+1394.4%	-$32.3M+71.1%	-$111.8M
Capital Expenditures	$33.8M+4.7%	$32.3M+49.8%	$21.6M+13.1%	$19.1M+43.7%	$13.3M+85.2%	$7.2M
Free Cash Flow	$114.3M-68.3%	$360.2M+5070.6%	-$7.2M-101.8%	$399.5M+976.0%	-$45.6M+61.7%	-$119.0M
Investing Cash Flow	-$124.0M-137.7%	$328.8M+194.1%	-$349.3M-636.8%	$65.1M+119.9%	-$327.4M-190.9%	-$112.6M
Financing Cash Flow	-$53.1M+90.2%	-$542.6M-436.7%	$161.2M+157.7%	-$279.2M-247.8%	$189.0M-57.0%	$439.4M
Dividends Paid	$22.5M+17.9%	$19.1M	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	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	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	N/A	N/A
Free Cash Flow	N/A	N/A	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	N/A	N/A
Financing Cash Flow	N/A	N/A	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	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LX Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	35.4%+0.8pp	34.6%+3.8pp	30.8%-19.8pp	50.5%+19.3pp	31.2%-15.9pp	47.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	7.8%-0.4pp	8.2%-0.2pp	8.4%-12.1pp	20.5%+15.4pp	5.1%-16.5pp	21.6%
Return on Equity	10.3%-0.7pp	11.0%+1.4pp	9.6%-19.5pp	29.1%+18.2pp	10.8%-23.9pp	34.8%
Return on Assets	5.0%+0.3pp	4.6%+1.0pp	3.6%-7.5pp	11.1%+8.2pp	2.9%-9.0pp	11.9%
Current Ratio	1.86+0.4	1.50+0.1	1.42-0.2	1.63+0.3	1.37-0.3	1.68
Debt-to-Equity	0.050.0	0.05+0.0	0.02-1.6	1.61-1.1	2.70+0.8	1.91
FCF Margin	5.9%-13.7pp	19.6%+20.1pp	-0.5%-22.9pp	22.4%+24.9pp	-2.6%+5.3pp	-7.8%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	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	N/A	N/A
Net Margin	N/A	N/A	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	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.86+0.4	1.50+0.1	1.42-0.2	1.63+0.3	1.37-0.3	1.68+0.4	1.29+0.3	0.99
Debt-to-Equity	0.050.0	0.05+0.0	0.02-1.6	1.61-1.1	2.70+0.8	1.91-0.1	2.04-5.6	7.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Lexinfintch Hold's annual revenue?

Lexinfintch Hold (LX) reported $1.9B in total revenue for fiscal year 2024. This represents a 5.8% 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 Lexinfintch Hold's revenue growing?

Lexinfintch Hold (LX) revenue grew by 5.8% year-over-year, from $1.8B to $1.9B in fiscal year 2024.

Is Lexinfintch Hold profitable?

Yes, Lexinfintch Hold (LX) reported a net income of $150.8M in fiscal year 2024, with a net profit margin of 7.8%.

How much debt does Lexinfintch Hold have?

As of fiscal year 2024, Lexinfintch Hold (LX) had $308.8M in cash and equivalents against $80.1M in long-term debt.

What is Lexinfintch Hold's gross margin?

Lexinfintch Hold (LX) had a gross margin of 35.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lexinfintch Hold's net profit margin?

Lexinfintch Hold (LX) had a net profit margin of 7.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Lexinfintch Hold's return on equity (ROE)?

Lexinfintch Hold (LX) has a return on equity of 10.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Lexinfintch Hold's free cash flow?

Lexinfintch Hold (LX) generated $114.3M in free cash flow during fiscal year 2024. This represents a -68.3% 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 Lexinfintch Hold's operating cash flow?

Lexinfintch Hold (LX) generated $148.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Lexinfintch Hold's total assets?

Lexinfintch Hold (LX) had $3.0B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Lexinfintch Hold's capital expenditures?

Lexinfintch Hold (LX) invested $33.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Lexinfintch Hold spend on research and development?

Lexinfintch Hold (LX) invested $79.2M in research and development during fiscal year 2024.

What is Lexinfintch Hold's current ratio?

Lexinfintch Hold (LX) had a current ratio of 1.86 as of fiscal year 2024, which is generally considered healthy.

What is Lexinfintch Hold's debt-to-equity ratio?

Lexinfintch Hold (LX) had a debt-to-equity ratio of 0.05 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lexinfintch Hold's return on assets (ROA)?

Lexinfintch Hold (LX) had a return on assets of 5.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Lexinfintch Hold's Piotroski F-Score?

Lexinfintch Hold (LX) has a Piotroski F-Score of 6 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 Lexinfintch Hold's earnings high quality?

Lexinfintch Hold (LX) has an earnings quality ratio of 0.98x, 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 Lexinfintch Hold?

Lexinfintch Hold (LX) scores 54 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.