This page shows Uxin Ltd. (UXIN) 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).
Uxin’s low-gross-margin resale model still depends on external financing because operations do not cover overhead and cash burn.
From FY2023 to FY2024, gross margin expanded from1.2% to5.9% , showing better unit economics on each sale. But free cash burn stayed near last year's level at-$38.1M as interest expense climbed to$8.7M , so better markup did not make the business self-funding.
The balance sheet is short-term constrained: cash ended FY2024 at
Working capital pressure is not mainly a collections problem: receivables were just
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 Uxin Ltd.'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.
Uxin Ltd. has an operating margin of -5.4%, meaning the company retains $-5 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is up from -22.7% the prior year.
Uxin Ltd.'s revenue surged 143.3% year-over-year to $463.3M, reflecting rapid business expansion. This strong growth earns a score of 85/100.
Uxin Ltd.'s current ratio of 0.76 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Uxin Ltd. generated -$72.1M in operating cash flow, capex of $3.1M consumed most of it, leaving -$75.2M in free cash flow. This results in a low score of 13/100, reflecting heavy capital investment rather than weak cash generation.
Uxin Ltd. scores -9.82, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($380.6M) relative to total liabilities ($330.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Uxin Ltd. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Uxin Ltd. generates $1.92 in operating cash flow (-$72.1M OCF vs -$37.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Uxin Ltd. earns $-1.8 in operating income for every $1 of interest expense (-$24.8M vs $13.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Uxin Ltd. generated $463.3M in revenue in fiscal year 2025. This represents an increase of 143.3% from the prior year.
Uxin Ltd.'s EBITDA was -$15.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 61.7% from the prior year.
Uxin Ltd. reported -$37.5M in net income in fiscal year 2025. This represents an increase of 27.2% from the prior year.
Uxin Ltd. earned $0.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 100.0% from the prior year.
Cash & Balance Sheet
Uxin Ltd. generated -$75.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 97.3% from the prior year.
Uxin Ltd. held $11.9M in cash against $1.4M in long-term debt as of fiscal year 2025.
Uxin Ltd. had 64.89B shares outstanding in fiscal year 2025.
Margins & Returns
Uxin Ltd.'s gross margin was 6.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Uxin Ltd.'s operating margin was -5.4% in fiscal year 2025, reflecting core business profitability. This is up 17.4 percentage points from the prior year.
Uxin Ltd.'s net profit margin was -8.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 19.0 percentage points from the prior year.
Capital Allocation
Uxin Ltd. invested $1.8M in research and development in fiscal year 2025. This represents a decrease of 62.1% from the prior year.
Uxin Ltd. invested $3.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 74.7% from the prior year.
UXIN Income Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q1'24 | Q1'23 | Q1'22 | Q3'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| 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 |
UXIN Balance Sheet
| Metric | Q4'25 | Q2'25 | Q4'24 | Q1'24 | Q1'23 | Q1'22 | Q3'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $345.9M+21.2% | $285.3M+6.7% | $267.4M-7.5% | $289.2M+176.4% | $104.6M-47.0% | $197.4M-4.1% | $205.9M+9.4% | $188.3M |
| Current Assets | $106.4M+70.3% | $62.5M+34.4% | $46.5M+48.3% | $31.4M-23.6% | $41.0M-70.3% | $137.9M-5.6% | $146.1M+14.9% | $127.1M |
| Cash & Equivalents | $11.9M+24.6% | $9.5M+177.0% | $3.4M+6.4% | $3.2M-76.1% | $13.5M-33.2% | $20.2M-40.0% | $33.6M+14.4% | $29.4M |
| Inventory | $78.0M+100.0% | $39.0M+37.3% | $28.4M+85.7% | $15.3M-5.2% | $16.1M-76.0% | $67.2M+48.5% | $45.3M+326.3% | $10.6M |
| Accounts Receivable | $660K+31.5% | $502K-11.8% | $569K+96.9% | $289K+151.3% | $115K-12.2% | $131K-74.6% | $515K+37.3% | $375K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $330.8M+17.1% | $282.6M-4.7% | $296.6M-4.0% | $309.0M+6.5% | $290.0M-33.4% | $435.6M-38.4% | $707.6M+43.6% | $492.9M |
| Current Liabilities | $139.7M+54.0% | $90.7M-13.1% | $104.4M-14.8% | $122.6M+39.4% | $87.9M-57.1% | $204.9M-57.8% | $485.7M+177.4% | $175.1M |
| Long-Term Debt | N/A | N/A | $7.4M | N/A | $42.5M | N/A | $36.2M | N/A |
| Total Equity | -$33.0M+17.0% | -$39.8M+21.1% | -$50.4M-24.3% | -$40.6M+78.1% | -$185.4M+22.2% | -$238.2M+52.5% | -$501.7M-64.7% | -$304.6M |
| Retained Earnings | -$2.8B-3.2% | -$2.8B-2.6% | -$2.7B0.0% | -$2.7B-8.8% | -$2.5B+2.6% | -$2.5B+7.8% | -$2.7B-13.1% | -$2.4B |
UXIN Cash Flow Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q1'24 | Q1'23 | Q1'22 | Q3'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| 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 |
UXIN Financial Ratios
| Metric | Q4'25 | Q2'25 | Q4'24 | Q1'24 | Q1'23 | Q1'22 | Q3'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.76+0.1 | 0.69+0.2 | 0.45+0.2 | 0.26-0.2 | 0.47-0.2 | 0.67+0.4 | 0.30-0.4 | 0.73 |
| Debt-to-Equity | -10.02-2.9 | -7.11-7.0 | -0.15+7.5 | -7.62-7.4 | -0.23+1.6 | -1.83-1.8 | -0.07+1.5 | -1.62 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$33.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Uxin Ltd.'s annual revenue?
Uxin Ltd. (UXIN) reported $463.3M in total revenue for fiscal year 2025. This represents a 143.3% 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 Uxin Ltd.'s revenue growing?
Uxin Ltd. (UXIN) revenue grew by 143.3% year-over-year, from $190.4M to $463.3M in fiscal year 2025.
Is Uxin Ltd. profitable?
No, Uxin Ltd. (UXIN) reported a net income of -$37.5M in fiscal year 2025, with a net profit margin of -8.1%.
What is Uxin Ltd.'s EBITDA?
Uxin Ltd. (UXIN) had EBITDA of -$15.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Uxin Ltd. have?
As of fiscal year 2025, Uxin Ltd. (UXIN) had $11.9M in cash and equivalents against $1.4M in long-term debt.
What is Uxin Ltd.'s gross margin?
Uxin Ltd. (UXIN) had a gross margin of 6.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Uxin Ltd.'s operating margin?
Uxin Ltd. (UXIN) had an operating margin of -5.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Uxin Ltd.'s net profit margin?
Uxin Ltd. (UXIN) had a net profit margin of -8.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Uxin Ltd.'s free cash flow?
Uxin Ltd. (UXIN) generated -$75.2M in free cash flow during fiscal year 2025. This represents a -97.3% 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 Uxin Ltd.'s operating cash flow?
Uxin Ltd. (UXIN) generated -$72.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Uxin Ltd.'s total assets?
Uxin Ltd. (UXIN) had $345.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Uxin Ltd.'s capital expenditures?
Uxin Ltd. (UXIN) invested $3.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Uxin Ltd. spend on research and development?
Uxin Ltd. (UXIN) invested $1.8M in research and development during fiscal year 2025.
What is Uxin Ltd.'s current ratio?
Uxin Ltd. (UXIN) had a current ratio of 0.76 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Uxin Ltd.'s debt-to-equity ratio?
Uxin Ltd. (UXIN) had a debt-to-equity ratio of -10.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Uxin Ltd.'s return on assets (ROA)?
Uxin Ltd. (UXIN) had a return on assets of -10.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Uxin Ltd.'s cash runway?
Based on fiscal year 2025 data, Uxin Ltd. (UXIN) had $11.9M in cash against an annual operating cash burn of $72.1M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Uxin Ltd.'s debt-to-equity ratio negative or unusual?
Uxin Ltd. (UXIN) has negative shareholder equity of -$33.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Uxin Ltd.'s Altman Z-Score?
Uxin Ltd. (UXIN) has an Altman Z-Score of -9.82, placing it in the Distress Zone (elevated bankruptcy 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 Uxin Ltd.'s Piotroski F-Score?
Uxin Ltd. (UXIN) has a Piotroski F-Score of 4 out of 7 computable signals; 2 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 Uxin Ltd.'s earnings high quality?
Uxin Ltd. (UXIN) has an earnings quality ratio of 1.92x, considered low quality (accrual-driven). 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.
Can Uxin Ltd. cover its interest payments?
Uxin Ltd. (UXIN) has an interest coverage ratio of -1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Uxin Ltd.?
Uxin Ltd. (UXIN) scores 26 out of 100 on our Financial Health Score, indicating weak 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.