Qfin Holdings, Inc. Financials

QFIN

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

Financial Health Signals

Financial Profile 81/100

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

Profitability

100

Qfin Holdings, Inc. has an operating margin of 43.9%, meaning the company retains $44 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 29.8% the prior year.

Growth

Qfin Holdings, Inc.'s revenue grew a modest 2.5% year-over-year to $2.4B. This slow but positive growth earns a score of 36/100.

Leverage

Qfin Holdings, Inc. carries a low D/E ratio of 0.99, meaning only $0.99 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.45, Qfin Holdings, Inc. holds $2.45 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.

Cash Flow

100

Qfin Holdings, Inc. converts 53.5% of revenue into free cash flow ($1.3B). This strong cash generation earns a score of 100/100.

Returns

100

Qfin Holdings, Inc. earns a strong 25.8% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 19.5% the prior year.

Altman Z-Score Grey Zone

2.48

Qfin Holdings, Inc. scores 2.48, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong

7/9

Qfin Holdings, Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.50x

For every $1 of reported earnings, Qfin Holdings, Inc. generates $1.50 in operating cash flow ($1.3B OCF vs $856.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Qfin Holdings, Inc. (QFIN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

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Key Financial Metrics

Revenue

$2.4B

YoY+2.5%

5Y CAGR+12.2%

Qfin Holdings, Inc. generated $2.4B in revenue in fiscal year 2024. This represents an increase of 2.5% from the prior year.

EBITDA

$1.0B

YoY+50.0%

5Y CAGR+20.1%

Qfin Holdings, Inc.'s EBITDA was $1.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 50.0% from the prior year.

Free Cash Flow

$1.3B

YoY+27.1%

5Y CAGR+24.4%

Qfin Holdings, Inc. generated $1.3B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 27.1% from the prior year.

Net Income

$856.0M

YoY+42.4%

5Y CAGR+19.0%

Qfin Holdings, Inc. reported $856.0M in net income in fiscal year 2024. This represents an increase of 42.4% from the prior year.

EPS (Diluted)

$2.83

YoY+53.8%

5Y CAGR+18.9%

Qfin Holdings, Inc. earned $2.83 per diluted share (EPS) in fiscal year 2024. This represents an increase of 53.8% from the prior year.

Cash & Debt

$610.0M

YoY+3.7%

5Y CAGR+15.0%

Qfin Holdings, Inc. held $610.0M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

284M

YoY-9.9%

5Y CAGR-0.7%

Qfin Holdings, Inc. had 284M shares outstanding in fiscal year 2024. This represents a decrease of 9.9% from the prior year.

Gross Margin

83.1%

YoY-0.6pp

5Y CAGR-5.1pp

Qfin Holdings, Inc.'s gross margin was 83.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.

Operating Margin

43.9%

YoY+14.0pp

5Y CAGR+12.5pp

Qfin Holdings, Inc.'s operating margin was 43.9% in fiscal year 2024, reflecting core business profitability. This is up 14.0 percentage points from the prior year.

Net Margin

36.4%

YoY+10.2pp

5Y CAGR+9.3pp

Qfin Holdings, Inc.'s net profit margin was 36.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 10.2 percentage points from the prior year.

Return on Equity

25.8%

YoY+6.4pp

5Y CAGR-8.9pp

Qfin Holdings, Inc.'s ROE was 25.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 6.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$407.3M

YoY+354.6%

Qfin Holdings, Inc. spent $407.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 354.6% from the prior year.

Capital Expenditures

$21.0M

YoY+76.2%

5Y CAGR+41.7%

Qfin Holdings, Inc. invested $21.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 76.2% from the prior year.

QFIN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.4B+2.5%	$2.3B-4.4%	$2.4B-8.1%	$2.6B+25.6%	$2.1B+57.0%	$1.3B
Cost of Revenue	$397.4M+6.1%	$374.6M+8.9%	$344.1M-2.6%	$353.4M+44.1%	$245.3M+57.6%	$155.6M
Gross Profit	$2.0B+1.8%	$1.9B-6.6%	$2.1B-8.9%	$2.3B+23.1%	$1.8B+56.9%	$1.2B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$61.6M+3.8%	$59.3M-0.9%	$59.9M-31.6%	$87.5M+25.1%	$69.9M+13.6%	$61.5M
Operating Income	$1.0B+50.8%	$684.1M+5.5%	$648.4M-39.1%	$1.1B+83.3%	$580.9M+39.8%	$415.6M
Interest Expense	N/A	N/A	N/A	$19.8M+67.5%	$11.8M+297.4%	-$6.0M
Income Tax	$225.3M+58.5%	$142.1M+33.0%	$106.8M-45.9%	$197.4M+119.8%	$89.8M+34.2%	$66.9M
Net Income	$856.0M+42.4%	$601.2M+3.5%	$580.8M-35.8%	$904.6M+68.8%	$535.7M+49.1%	$359.3M
EPS (Diluted)	$2.83+53.8%	$1.84+1.7%	$1.81-35.8%	$2.82+61.1%	$1.75+47.1%	$1.19

Metric	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20	Q4'19
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

QFIN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.6B+2.2%	$6.5B+10.3%	$5.8B+11.3%	$5.3B+40.7%	$3.7B+27.8%	$2.9B
Current Assets	$5.9B+4.6%	$5.6B+13.4%	$4.9B+13.5%	$4.4B+29.9%	$3.4B+19.7%	$2.8B
Cash & Equivalents	$610.0M+3.7%	$588.4M-43.4%	$1.0B+8.2%	$959.8M+41.7%	$677.2M+123.6%	$302.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$5.8M+0.1%	$5.8M	N/A	N/A	N/A	N/A
Total Liabilities	$3.3B-2.4%	$3.4B+8.0%	$3.1B+8.2%	$2.9B+25.6%	$2.3B+21.0%	$1.9B
Current Liabilities	$2.4B-14.6%	$2.8B+15.4%	$2.4B+9.4%	$2.2B+8.2%	$2.1B+47.7%	$1.4B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.3B+7.3%	$3.1B+13.1%	$2.7B+14.5%	$2.4B+64.2%	$1.5B+40.2%	$1.0B
Retained Earnings	$2.9B+25.1%	$2.3B+23.7%	$1.9B+22.7%	$1.5B+138.6%	$634.1M+113.1%	$297.5M

Metric	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20	Q4'19
Total Assets	$6.6B+2.2%	$6.5B+10.3%	$5.8B+4.1%	$5.6B-0.1%	$5.6B+7.0%	$5.3B+40.7%	$3.7B+27.8%	$2.9B
Current Assets	$5.9B+4.6%	$5.6B+13.4%	$4.9B+5.7%	$4.7B+1.7%	$4.6B+5.6%	$4.4B+29.9%	$3.4B+19.7%	$2.8B
Cash & Equivalents	$610.0M+3.7%	$588.4M-43.4%	$1.0B+2.4%	$1.0B-2.4%	$1.0B+8.3%	$959.8M+41.7%	$677.2M+123.6%	$302.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$5.8M+0.1%	$5.8M	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.3B-2.4%	$3.4B+8.0%	$3.1B+0.5%	$3.1B+0.2%	$3.1B+7.4%	$2.9B+25.6%	$2.3B+21.0%	$1.9B
Current Liabilities	$2.4B-14.6%	$2.8B+15.4%	$2.4B-3.7%	$2.5B+0.4%	$2.5B+13.2%	$2.2B+8.2%	$2.1B+47.7%	$1.4B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.3B+7.3%	$3.1B+13.1%	$2.7B+8.6%	$2.5B-1.0%	$2.5B+6.5%	$2.4B+64.2%	$1.5B+40.2%	$1.0B
Retained Earnings	$2.9B+25.1%	$2.3B+23.7%	$1.9B+9.0%	$1.7B+0.8%	$1.7B+11.6%	$1.5B+138.6%	$634.1M+113.1%	$297.5M

QFIN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.3B+27.7%	$1.0B+16.8%	$858.7M-5.5%	$908.5M+11.3%	$816.2M+91.1%	$427.1M
Capital Expenditures	$21.0M+76.2%	$11.9M+204.5%	$3.9M-1.5%	$4.0M+69.6%	$2.3M-36.2%	$3.7M
Free Cash Flow	$1.3B+27.1%	$990.7M+15.9%	$854.8M-5.5%	$904.6M+11.1%	$813.9M+92.2%	$423.4M
Investing Cash Flow	-$1.1B+30.2%	-$1.6B-47.2%	-$1.1B-12.1%	-$951.6M-795.5%	$136.8M+110.8%	-$1.3B
Financing Cash Flow	-$289.7M-292.9%	$150.2M-67.7%	$464.5M+30.8%	$355.2M+170.6%	-$503.1M-145.4%	$1.1B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$407.3M+354.6%	$89.6M	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	$278.1M+37.9%	$201.7M	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	$2.1M+76.7%	$1.2M	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	$276.0M+37.7%	$200.5M	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$268.6M+32.1%	-$395.6M	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	$41.4M-60.7%	$105.3M	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

QFIN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	83.1%-0.6pp	83.7%-2.0pp	85.7%-0.8pp	86.5%-1.7pp	88.2%-0.0pp	88.3%
Operating Margin	43.9%+14.0pp	29.8%+2.8pp	27.0%-13.8pp	40.8%+12.8pp	27.9%-3.4pp	31.4%
Net Margin	36.4%+10.2pp	26.2%+2.0pp	24.2%-10.4pp	34.6%+8.9pp	25.8%-1.4pp	27.1%
Return on Equity	25.8%+6.4pp	19.5%-1.8pp	21.3%-16.7pp	37.9%+1.0pp	36.9%+2.2pp	34.7%
Return on Assets	13.0%+3.7pp	9.3%-0.6pp	9.9%-7.3pp	17.2%+2.9pp	14.3%+2.0pp	12.3%
Current Ratio	2.45+0.4	2.00-0.0	2.04+0.1	1.96+0.3	1.63-0.4	2.02
Debt-to-Equity	0.99-0.1	1.09-0.1	1.14-0.1	1.20-0.4	1.57-0.2	1.82
FCF Margin	53.5%+10.4pp	43.2%+7.6pp	35.6%+1.0pp	34.6%-4.5pp	39.1%+7.2pp	32.0%

Metric	Q4'24	Q4'23	Q4'22	Q3'22	Q2'22	Q4'21	Q4'20	Q4'19
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	2.45+0.4	2.00-0.0	2.04+0.2	1.85+0.0	1.83-0.1	1.96+0.3	1.63-0.4	2.02
Debt-to-Equity	0.99-0.1	1.09-0.1	1.14-0.1	1.23+0.0	1.21+0.0	1.20-0.4	1.57-0.2	1.82
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 Qfin Holdings, Inc.'s annual revenue?

Qfin Holdings, Inc. (QFIN) reported $2.4B in total revenue for fiscal year 2024. This represents a 2.5% 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 Qfin Holdings, Inc.'s revenue growing?

Qfin Holdings, Inc. (QFIN) revenue grew by 2.5% year-over-year, from $2.3B to $2.4B in fiscal year 2024.

Is Qfin Holdings, Inc. profitable?

Yes, Qfin Holdings, Inc. (QFIN) reported a net income of $856.0M in fiscal year 2024, with a net profit margin of 36.4%.

What is Qfin Holdings, Inc.'s earnings per share (EPS)?

Qfin Holdings, Inc. (QFIN) reported diluted earnings per share of $2.83 for fiscal year 2024. This represents a 53.8% 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 Qfin Holdings, Inc.'s EBITDA?

Qfin Holdings, Inc. (QFIN) had EBITDA of $1.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Qfin Holdings, Inc.'s gross margin?

Qfin Holdings, Inc. (QFIN) had a gross margin of 83.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Qfin Holdings, Inc.'s operating margin?

Qfin Holdings, Inc. (QFIN) had an operating margin of 43.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Qfin Holdings, Inc.'s net profit margin?

Qfin Holdings, Inc. (QFIN) had a net profit margin of 36.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Qfin Holdings, Inc.'s return on equity (ROE)?

Qfin Holdings, Inc. (QFIN) has a return on equity of 25.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Qfin Holdings, Inc.'s free cash flow?

Qfin Holdings, Inc. (QFIN) generated $1.3B in free cash flow during fiscal year 2024. This represents a 27.1% 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 Qfin Holdings, Inc.'s operating cash flow?

Qfin Holdings, Inc. (QFIN) generated $1.3B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Qfin Holdings, Inc.'s total assets?

Qfin Holdings, Inc. (QFIN) had $6.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Qfin Holdings, Inc.'s capital expenditures?

Qfin Holdings, Inc. (QFIN) invested $21.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Qfin Holdings, Inc. buy back shares?

Yes, Qfin Holdings, Inc. (QFIN) spent $407.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Qfin Holdings, Inc. have outstanding?

Qfin Holdings, Inc. (QFIN) had 284M shares outstanding as of fiscal year 2024.

What is Qfin Holdings, Inc.'s current ratio?

Qfin Holdings, Inc. (QFIN) had a current ratio of 2.45 as of fiscal year 2024, which is generally considered healthy.

What is Qfin Holdings, Inc.'s debt-to-equity ratio?

Qfin Holdings, Inc. (QFIN) had a debt-to-equity ratio of 0.99 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Qfin Holdings, Inc.'s return on assets (ROA)?

Qfin Holdings, Inc. (QFIN) had a return on assets of 13.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Qfin Holdings, Inc.'s Altman Z-Score?

Qfin Holdings, Inc. (QFIN) has an Altman Z-Score of 2.48, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Qfin Holdings, Inc.'s Piotroski F-Score?

Qfin Holdings, Inc. (QFIN) has a Piotroski F-Score of 7 out of 9, indicating strong 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 Qfin Holdings, Inc.'s earnings high quality?

Qfin Holdings, Inc. (QFIN) has an earnings quality ratio of 1.50x, 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 Qfin Holdings, Inc.?

Qfin Holdings, Inc. (QFIN) scores 81 out of 100 on our Financial Profile, indicating strong 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.