Lexinfintch Hold Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 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 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).

Rhea AI LX FY2024 2026-04-29

LexinFintech's recent pattern is balance-sheet repair alongside a higher-margin revenue recovery that is throwing off less immediate cash.

Cash conversion weakened sharply: free cash flow was only $114M while net income stayed near $151M. With revenue and gross margin both better than the prior year, that gap makes FY2024 look more like a normalization of an unusually cash-rich cycle than an earnings surge that turned cleanly into cash.

Leverage has come down structurally over the last several years, with total liabilities reduced to $1.58B from $2.27B. Equity also built to $1.47B from $841M, which means more of the business is now supported by retained capital instead of creditor funding.

Overhead intensity improved: SG&A plus R&D fell to about 6.7% of revenue from about 10.3%. That points to better cost absorption and expense discipline as activity scaled back up, even though bottom-line margins did not expand nearly as much as gross margin did.

Financial Health Signals

Financial Profile 46/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Growth

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.

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 1.89 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Lexinfintch Hold converts 24.8% of revenue into free cash flow ($466.4M). This strong cash generation earns a score of 70/100.

Returns

Lexinfintch Hold's ROE of 14.0% shows moderate profitability relative to equity, earning a score of 38/100. This is up from 10.3% the prior year.

Piotroski F-Score Neutral

6/9

Lexinfintch Hold passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.16x

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

Export CSV

Earnings & Revenue

Revenue

$1.9B

YoY-3.3%

5Y CAGR+1.1%

Lexinfintch Hold generated $1.9B in revenue in fiscal year 2025. This represents a decrease of 3.3% from the prior year.

EBITDA

N/A

Net Income

$239.8M

YoY+59.1%

5Y CAGR+21.3%

Lexinfintch Hold reported $239.8M in net income in fiscal year 2025. This represents an increase of 59.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$466.4M

YoY+308.0%

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.

Cash & Debt

$308.3M

YoY-4.4%

5Y CAGR+4.7%

Lexinfintch Hold held $308.3M in cash against $80.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

34.0%

YoY-1.4pp

5Y CAGR+2.8pp

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.

Operating Margin

N/A

Net Margin

12.8%

YoY+5.0pp

5Y CAGR+7.6pp

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.

Return on Equity

14.0%

YoY+3.8pp

5Y CAGR+3.2pp

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.

Capital Allocation

R&D Spending

$85.1M

YoY+7.5%

5Y CAGR+3.2%

Lexinfintch Hold invested $85.1M in research and development in fiscal year 2025. This represents an increase of 7.5% from the prior year.

Share Buybacks

$28.9M

Lexinfintch Hold spent $28.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$50.5M

YoY+49.1%

5Y CAGR+30.6%

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

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.9B-3.3%	$1.9B+5.8%	$1.8B+28.6%	$1.4B-19.9%	$1.8B+0.1%	$1.8B
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
Gross Profit	$639.0M-7.2%	$688.6M+8.3%	$635.7M+44.5%	$440.0M-51.2%	$902.2M+62.0%	$556.8M
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
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
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.3M+163.5%	$1.2M-82.6%	$7.1M-11.9%	$8.1M-18.6%	$9.9M-16.6%	$11.9M
Income Tax	$57.0M+64.2%	$34.7M-5.6%	$36.7M+25.0%	$29.4M-57.0%	$68.3M+391.9%	$13.9M
Net Income	$239.8M+59.1%	$150.8M+0.4%	$150.1M+25.4%	$119.7M-67.3%	$366.3M+301.7%	$91.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.3B+8.7%	$3.0B-6.5%	$3.3B-1.3%	$3.3B+0.1%	$3.3B+5.8%	$3.1B
Current Assets	$2.6B+6.8%	$2.5B-5.9%	$2.6B+1.1%	$2.6B-1.4%	$2.6B+3.9%	$2.5B
Cash & Equivalents	$308.3M-4.4%	$322.3M-10.4%	$359.6M+70.9%	$210.4M-45.5%	$386.3M+57.4%	$245.4M
Inventory	$3.4M+12.7%	$3.1M-35.3%	$4.7M-39.5%	$7.8M+4.2%	$7.5M+3.8%	$7.2M
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+1.7%	$1.6B-16.7%	$1.9B-7.6%	$2.0B+0.7%	$2.0B-10.4%	$2.3B
Current Liabilities	$1.4B+5.2%	$1.3B-24.2%	$1.7B-4.1%	$1.8B+13.2%	$1.6B-13.2%	$1.8B
Long-Term Debt	$80.9M+1.0%	$80.1M+8.5%	$73.8M+238.6%	$21.8M	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
Retained Earnings	$1.1B+23.5%	$904.9M+11.9%	$808.5M+13.9%	$709.6M+7.8%	$658.4M+103.2%	$324.0M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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
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
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
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
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+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
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
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
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
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

LX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Capital Expenditures	$50.5M+49.1%	$33.8M+4.7%	$32.3M+49.8%	$21.6M+13.1%	$19.1M+43.7%	$13.3M
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
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
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
Dividends Paid	$54.8M+143.2%	$22.5M+17.9%	$19.1M	N/A	N/A	N/A
Share Buybacks	$28.9M	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	34.0%-1.4pp	35.4%+0.8pp	34.6%+3.8pp	30.8%-19.8pp	50.5%+19.3pp	31.2%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.8%+5.0pp	7.8%-0.4pp	8.2%-0.2pp	8.4%-12.1pp	20.5%+15.4pp	5.1%
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%
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%
Current Ratio	1.89+0.0	1.86+0.4	1.50+0.1	1.42-0.2	1.63+0.3	1.37
Debt-to-Equity	0.050.0	0.050.0	0.05+0.0	0.02-1.6	1.61-1.1	2.70
FCF Margin	24.8%+18.9pp	5.9%-13.7pp	19.6%+20.1pp	-0.5%-22.9pp	22.4%+24.9pp	-2.6%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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	1.89+0.0	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
Debt-to-Equity	0.050.0	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
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Atlanticus Holdings Corp ATLC

$1.2B

Ezcorp Inc EZPW

$2.1B

Encore Cap Group Inc ECPG

$1.7B

World Accep Corporation WRLD

$711.5M

OppFi Inc OPFI

$704.5M

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.

Does Lexinfintch Hold buy back shares?

Yes, Lexinfintch Hold (LX) spent $28.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

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 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 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 46 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.