Lexinfintch Hold Financials
Lexinfintch Hold (LX) reported $1.9B in revenue for fiscal year 2025, down 3.3% 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 (10-K and 10-Q reports).
Cash conversion, not top-line growth, explains LexinFintech’s recent economics as profit and free cash flow moved much more than sales.
Across recent years, revenue hovered around$1.9B , but operating cash flow ranged from just$148.2M to more than triple that level. With FY2025 free cash flow of$466.4M and net income of$239.8M , the standout change is earnings turning into cash again, helped by modest reinvestment needs rather than by a surge in sales.
Long-term debt was only
SG&A stayed near
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Lexinfintch Hold'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.
Not available for Lexinfintch Hold, and counted as zero in the overall score.
Lexinfintch Hold's revenue declined 3.3% year-over-year, from $1.9B to $1.9B. This contraction results in a growth score of 35/100.
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 84/100, indicating a strong balance sheet with room for future borrowing.
Lexinfintch Hold's current ratio of 1.89 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.
Lexinfintch Hold converts 24.8% of revenue into free cash flow ($466.4M). This strong cash generation earns a score of 85/100.
Not available for Lexinfintch Hold, and counted as zero in the overall score.
Lexinfintch Hold passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Lexinfintch Hold generates $2.16 in operating cash flow ($516.9M OCF vs $239.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Lexinfintch Hold generated $1.9B in revenue in fiscal year 2025. This represents a decrease of 3.3% from the prior year.
Lexinfintch Hold reported $239.8M in net income in fiscal year 2025. This represents an increase of 59.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Lexinfintch Hold generated $466.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 308.0% from the prior year.
Lexinfintch Hold held $308.3M in cash against $80.9M in long-term debt as of fiscal year 2025, with $1.4B of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Lexinfintch Hold's gross margin was 34.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the prior year.
Lexinfintch Hold's net profit margin was 12.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.0 percentage points from the prior year.
Lexinfintch Hold's ROE was 14.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Lexinfintch Hold invested $85.1M in research and development in fiscal year 2025. This represents an increase of 7.5% from the prior year.
Lexinfintch Hold spent $28.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Lexinfintch Hold invested $50.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 49.1% from the prior year.
LX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B-3.3% | $1.9B+5.8% | $1.8B+28.6% | $1.4B-19.9% | $1.8B+0.1% | $1.8B+17.2% | $1.5B+37.8% | $1.1B+28.8% | $858.0M |
| Cost of Revenue | $172.5M-4.6% | $180.8M-21.5% | $230.4M-23.1% | $299.7M+8.5% | $276.2M-5.5% | $292.3M-43.8% | $520.6M+46.7% | $355.0M-45.8% | $655.1M |
| Gross Profit | $639.0M-7.2% | $688.6M+8.3% | $635.7M+44.5% | $440.0M-51.2% | $902.2M+62.0% | $556.8M-22.4% | $717.4M+63.8% | $438.1M+115.9% | $202.9M |
| R&D Expenses | $85.1M+7.5% | $79.2M+9.6% | $72.3M-14.5% | $84.6M-1.9% | $86.2M+18.6% | $72.7M+21.6% | $59.8M+28.3% | $46.6M+28.8% | $36.2M |
| SG&A Expenses | $51.7M+0.8% | $51.3M-6.0% | $54.6M-12.8% | $62.6M-15.3% | $73.9M+6.8% | $69.2M+16.8% | $59.2M+45.4% | $40.7M+30.1% | $31.3M |
| Interest Expense | $3.3M+163.5% | $1.2M-82.6% | $7.1M-11.9% | $8.1M-18.6% | $9.9M-16.6% | $11.9M+111.0% | $5.6M+67.9% | $3.4M-71.1% | $11.6M |
| Income Tax | $57.0M+64.2% | $34.7M-5.6% | $36.7M+25.0% | $29.4M-57.0% | $68.3M+391.9% | $13.9M-76.5% | $59.2M+207.7% | $19.2M-46.6% | $36.0M |
| Net Income | $239.8M+59.1% | $150.8M+0.4% | $150.1M+25.4% | $119.7M-67.3% | $366.3M+301.7% | $91.2M-72.3% | $329.6M+14.6% | $287.6M+678.5% | $36.9M |
Not reported in any period shown, so not listed: Operating Income, EPS (Diluted).
LX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3B+8.7% | $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 | $2.6B+6.8% | $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 | $308.3M-4.4% | $322.3M-10.4% | $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 | $3.4M+12.7% | $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 |
| Total Liabilities | $1.6B+1.7% | $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 | $1.4B+5.2% | $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 | $80.9M+1.0% | $80.1M+8.5% | $73.8M+238.6% | $21.8M | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.7B+16.2% | $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 | $1.1B+23.5% | $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 |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
LX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $516.9M+248.9% | $148.2M-62.3% | $392.5M+2639.5% | $14.3M-96.6% | $418.6M+1394.4% | -$32.3M+71.1% | -$111.8M-127.5% | $406.5M+59.1% | $255.5M |
| Capital Expenditures | $50.5M+49.1% | $33.8M+4.7% | $32.3M+49.8% | $21.6M+13.1% | $19.1M+43.7% | $13.3M+85.2% | $7.2M-9.2% | $7.9M+35.6% | $5.8M |
| Free Cash Flow | $466.4M+308.0% | $114.3M-68.3% | $360.2M+5070.6% | -$7.2M-101.8% | $399.5M+976.0% | -$45.6M+61.7% | -$119.0M-129.9% | $398.6M+59.6% | $249.7M |
| Investing Cash Flow | -$373.5M-201.3% | -$124.0M-137.7% | $328.8M+194.1% | -$349.3M-636.8% | $65.1M+119.9% | -$327.4M-190.9% | -$112.6M-121.5% | $524.2M+162.9% | -$833.6M |
| Financing Cash Flow | -$147.4M-177.9% | -$53.1M+90.2% | -$542.6M-436.7% | $161.2M+157.7% | -$279.2M-247.8% | $189.0M-57.0% | $439.4M+153.8% | -$817.1M-220.5% | $678.1M |
| Dividends Paid | $54.8M+143.2% | $22.5M+17.9% | $19.1M | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $28.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.0%-1.4pp | 35.4%+0.8pp | 34.6%+3.8pp | 30.8%-19.8pp | 50.5%+19.3pp | 31.2%-15.9pp | 47.1%+7.4pp | 39.6%+16.0pp | 23.6% |
| Net Margin | 12.8%+5.0pp | 7.8%-0.4pp | 8.2%-0.2pp | 8.4%-12.1pp | 20.5%+15.4pp | 5.1%-16.5pp | 21.6%-4.4pp | 26.0%+21.7pp | 4.3% |
| Return on Equity | 14.0%+3.8pp | 10.3%-0.7pp | 11.0%+1.4pp | 9.6%-19.5pp | 29.1%+18.2pp | 10.8%-23.9pp | 34.8%-13.4pp | 48.1%+34.0pp | 14.1% |
| Return on Assets | 7.2%+2.3pp | 5.0%+0.3pp | 4.6%+1.0pp | 3.6%-7.5pp | 11.1%+8.2pp | 2.9%-9.0pp | 11.9%-3.9pp | 15.9%+14.2pp | 1.6% |
| Current Ratio | 1.890.0x | 1.86+0.4x | 1.50+0.1x | 1.42-0.2x | 1.63+0.3x | 1.37-0.3x | 1.68+0.4x | 1.29+0.3x | 0.99 |
| Debt-to-Equity | 0.050.0x | 0.050.0x | 0.050.0x | 0.02-1.6x | 1.61-1.1x | 2.70+0.8x | 1.91-0.1x | 2.04-5.6x | 7.66 |
| FCF Margin | 24.8%+18.9pp | 5.9%-13.7pp | 19.6%+20.1pp | -0.5%-22.9pp | 22.4%+24.9pp | -2.6%+5.3pp | -7.8%-43.9pp | 36.1%+7.0pp | 29.1% |
Not reported in any period shown, so not listed: Operating Margin.
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Where Lexinfintch Hold Ranks
Frequently Asked Questions
What is Lexinfintch Hold's annual revenue?
Lexinfintch Hold (LX) reported $1.9B in total revenue for fiscal year 2025. This represents a -3.3% 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 declined by 3.3% year-over-year, from $1.9B to $1.9B in fiscal year 2025.
Is Lexinfintch Hold profitable?
Yes, Lexinfintch Hold (LX) reported a net income of $239.8M in fiscal year 2025, with a net profit margin of 12.8%.
How much debt does Lexinfintch Hold have?
As of fiscal year 2025, Lexinfintch Hold (LX) had $308.3M in cash and equivalents against $80.9M in long-term debt.
What is Lexinfintch Hold's gross margin?
Lexinfintch Hold (LX) had a gross margin of 34.0% in fiscal year 2025, 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 12.8% in fiscal year 2025, 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 14.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lexinfintch Hold's free cash flow?
Lexinfintch Hold (LX) generated $466.4M in free cash flow during fiscal year 2025. This represents a 308.0% 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 $516.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lexinfintch Hold's total assets?
Lexinfintch Hold (LX) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lexinfintch Hold's capital expenditures?
Lexinfintch Hold (LX) invested $50.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lexinfintch Hold spend on research and development?
Lexinfintch Hold (LX) invested $85.1M in research and development during fiscal year 2025.
What is Lexinfintch Hold's current ratio?
Lexinfintch Hold (LX) had a current ratio of 1.89 as of fiscal year 2025, 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 2025, 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 7.2% for fiscal year 2025, 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 8 computable signals; 1 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 Lexinfintch Hold's earnings high quality?
Lexinfintch Hold (LX) has an earnings quality ratio of 2.16x, 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 Lexinfintch Hold?
Lexinfintch Hold (LX) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite 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. 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.