X Financial Financials
X Financial (XYF) reported $1.1B in revenue for fiscal year 2025, up 35.8% from the prior fiscal year. This page shows its 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).
Revenue scale expanded sharply, but operating costs absorbed the gross-profit gain while cash generation stayed nearly flat.
From FY2024 to FY2025, revenue rose to$1.1B as gross margin widened to73.6% , yet gross-profit expansion did not flow through to operating performance. Operating income fell to$233.1M while operating cash flow held at$209.9M , showing that added volume produced little incremental operating earnings or cash.
Total assets reached
Operating cash flow of
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 X Financial'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.
X Financial has an operating margin of 21.3%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 90/100, reflecting efficient cost management and pricing power. This is down from 31.9% the prior year.
X Financial's revenue surged 35.8% year-over-year to $1.1B, reflecting rapid business expansion. This strong growth earns a score of 87/100.
X Financial has a moderate D/E ratio of 0.87. This balance of debt and equity financing earns a leverage score of 49/100.
Not available for X Financial, and counted as zero in the overall score.
X Financial converts 18.9% of revenue into free cash flow ($206.7M). This strong cash generation earns a score of 87/100.
Not available for X Financial, and counted as zero in the overall score.
X Financial passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, X Financial generates $1.00 in operating cash flow ($209.9M OCF vs $209.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
X Financial generated $1.1B in revenue in fiscal year 2025. This represents an increase of 35.8% from the prior year.
X Financial's EBITDA was $234.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.9% from the prior year.
X Financial reported $209.4M in net income in fiscal year 2025. This represents a decrease of 0.7% from the prior year.
X Financial earned $0.84 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.7% from the prior year.
Cash & Balance Sheet
X Financial generated $206.7M in free cash flow in fiscal year 2025, representing cash available after capex. That is unchanged from the prior year.
X Financial held $141.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
X Financial paid $0.09 per share in dividends in fiscal year 2025. This represents an increase of 216.8% from the prior year.
Margins & Returns
X Financial's gross margin was 73.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.2 percentage points from the prior year.
X Financial's operating margin was 21.3% in fiscal year 2025, reflecting core business profitability. This is down 10.6 percentage points from the prior year.
X Financial's net profit margin was 19.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.1 percentage points from the prior year.
X Financial's ROE was 18.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.5 percentage points from the prior year.
Capital Allocation
X Financial spent $105.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 320.5% from the prior year.
X Financial invested $3.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 60.6% from the prior year.
Not reported for fiscal year 2025.
XYF 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B+35.8% | $804.4M+18.6% | $678.2M+31.3% | $516.6M-9.2% | $569.1M+69.3% | $336.1M-24.2% | $443.6M-13.9% | $515.0M |
| Cost of Revenue | $288.9M+21.3% | $238.1M-41.1% | $404.2M+31.1% | $308.3M+0.1% | $308.0M-3.0% | $317.5M+35.2% | $234.8M+36.1% | $172.5M |
| Gross Profit | $803.5M+41.9% | $566.3M+106.7% | $274.0M+31.6% | $208.2M-20.2% | $261.0M+1302.4% | $18.6M-91.1% | $208.7M-39.0% | $342.5M |
| SG&A Expenses | $28.5M+18.4% | $24.1M-8.3% | $26.3M+5.6% | $24.9M-15.6% | $29.5M+7.3% | $27.5M-15.9% | $32.7M+2.1% | $32.0M |
| Operating Income | $233.1M-9.2% | $256.7M+26.8% | $202.5M+29.0% | $156.9M-23.7% | $205.7M+193.9% | -$219.2M-287.8% | $116.7M-37.1% | $185.5M |
| Income Tax | $41.7M-25.0% | $55.6M+58.2% | $35.1M-37.8% | $56.5M-2.4% | $57.9M+25.9% | $46.0M+443.7% | -$13.4M-143.8% | $30.5M |
| Net Income | $209.4M-0.7% | $211.0M+26.2% | $167.2M+42.0% | $117.7M-9.1% | $129.5M+164.6% | -$200.5M-280.3% | $111.2M-13.4% | $128.4M |
| EPS (Diluted) | $0.84+16.7% | $0.72+26.3% | $0.57+54.1% | $0.37-2.6% | $0.38+161.3% | -$0.62-277.1% | $0.35-16.7% | $0.42 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
XYF 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 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B+29.5% | $1.6B-1.3% | $1.6B+28.1% | $1.3B+11.2% | $1.2B+0.3% | $1.1B-3.4% | $1.2B+76.4% | $674.4M |
| Cash & Equivalents | $141.2M+4.7% | $134.9M-19.9% | $168.4M+92.8% | $87.3M-4.8% | $91.8M-19.8% | $114.4M-20.8% | $144.5M-7.1% | $155.5M |
| Total Liabilities | $976.5M+46.5% | $666.7M-18.4% | $817.3M+38.0% | $592.2M+12.1% | $528.2M-22.1% | $677.7M+20.6% | $562.1M+245.4% | $162.7M |
| Total Equity | $1.1B+17.6% | $952.6M+15.7% | $823.6M+19.5% | $689.2M+10.4% | $624.1M+32.4% | $471.2M-24.9% | $627.1M+22.6% | $511.5M |
| Retained Earnings | $784.2M+37.1% | $571.9M+50.8% | $379.2M+61.1% | $235.3M+84.9% | $127.2M+5805.7% | -$2.2M-101.2% | $188.3M+102.3% | $93.1M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Long-Term Debt.
XYF 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 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $209.9M+0.6% | $208.7M+82.0% | $114.7M+145.1% | $46.8M-33.6% | $70.5M+167.7% | -$104.1M-220.7% | $86.3M+10977.8% | $779K |
| Capital Expenditures | $3.1M+60.6% | $1.9M+63.4% | $1.2M+35.9% | $878K+113.5% | $411K-50.0% | $822K-62.2% | $2.2M-61.3% | $5.6M |
| Free Cash Flow | $206.7M0.0% | $206.8M+82.2% | $113.5M+147.2% | $45.9M-34.5% | $70.1M+166.8% | -$104.9M-224.8% | $84.1M+1837.3% | -$4.8M |
| Investing Cash Flow | -$152.5M-1012.0% | $16.7M+110.7% | -$155.8M-17.7% | -$132.4M+64.1% | -$368.4M+35.1% | -$567.8M-28.3% | -$442.4M-836.7% | $60.0M |
| Financing Cash Flow | $11.3M+104.3% | -$265.1M-253.4% | $172.9M+106.9% | $83.6M-59.1% | $204.2M-70.3% | $688.2M+76.7% | $389.4M+1372.9% | $26.4M |
| Dividends Paid | $22.1M+38.5% | $16.0M+94.3% | $8.2M | N/A | N/A | N/A | $14.8M | N/A |
| Share Buybacks | $105.0M+320.5% | $25.0M+612.5% | $3.5M-83.5% | $21.3M | N/A | N/A | N/A | N/A |
XYF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.6%+3.2pp | 70.4%+30.0pp | 40.4%+0.1pp | 40.3%-5.6pp | 45.9%+40.3pp | 5.5%-41.5pp | 47.1%-19.4pp | 66.5% |
| Operating Margin | 21.3%-10.6pp | 31.9%+2.1pp | 29.9%-0.5pp | 30.4%-5.8pp | 36.1%+101.4pp | -65.2%-91.5pp | 26.3%-9.7pp | 36.0% |
| Net Margin | 19.2%-7.1pp | 26.2%+1.6pp | 24.6%+1.9pp | 22.8%0.0pp | 22.8%+82.4pp | -59.7%-84.7pp | 25.1%+0.1pp | 24.9% |
| Return on Equity | 18.7%-3.5pp | 22.1%+1.8pp | 20.3%+3.2pp | 17.1%-3.7pp | 20.8%+63.3pp | -42.6%-60.3pp | 17.7%-7.4pp | 25.1% |
| Return on Assets | 10.0%-3.0pp | 13.0%+2.8pp | 10.2%+1.0pp | 9.2%-2.1pp | 11.2%+28.7pp | -17.4%-26.8pp | 9.3%-9.7pp | 19.1% |
| Debt-to-Equity | 0.87+0.2x | 0.70-0.3x | 0.99+0.1x | 0.860.0x | 0.85-0.6x | 1.44+0.5x | 0.90+0.6x | 0.32 |
| FCF Margin | 18.9%-6.8pp | 25.7%+9.0pp | 16.7%+7.8pp | 8.9%-3.4pp | 12.3%+43.5pp | -31.2%-50.2pp | 19.0%+19.9pp | -0.9% |
Not reported in any period shown, so not listed: Current Ratio.
Similar Companies
Where X Financial Ranks
Frequently Asked Questions
What is X Financial's annual revenue?
X Financial (XYF) reported $1.1B in total revenue for fiscal year 2025. This represents a 35.8% 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 X Financial's revenue growing?
X Financial (XYF) revenue grew by 35.8% year-over-year, from $804.4M to $1.1B in fiscal year 2025.
Is X Financial profitable?
Yes, X Financial (XYF) reported a net income of $209.4M in fiscal year 2025, with a net profit margin of 19.2%.
What is X Financial's EBITDA?
X Financial (XYF) had EBITDA of $234.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is X Financial's gross margin?
X Financial (XYF) had a gross margin of 73.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is X Financial's operating margin?
X Financial (XYF) had an operating margin of 21.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is X Financial's net profit margin?
X Financial (XYF) had a net profit margin of 19.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does X Financial pay dividends?
Yes, X Financial (XYF) paid $0.09 per share in dividends during fiscal year 2025.
What is X Financial's return on equity (ROE)?
X Financial (XYF) has a return on equity of 18.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is X Financial's free cash flow?
X Financial (XYF) generated $206.7M in free cash flow during fiscal year 2025. That is unchanged from 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 X Financial's operating cash flow?
X Financial (XYF) generated $209.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are X Financial's total assets?
X Financial (XYF) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are X Financial's capital expenditures?
X Financial (XYF) invested $3.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is X Financial's debt-to-equity ratio?
X Financial (XYF) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is X Financial's return on assets (ROA)?
X Financial (XYF) had a return on assets of 10.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is X Financial's Piotroski F-Score?
X Financial (XYF) has a Piotroski F-Score of 6 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 X Financial's earnings high quality?
X Financial (XYF) has an earnings quality ratio of 1.00x, 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 X Financial?
X Financial (XYF) scores 52 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.