Jiayin Group Inc. Reports First Quarter 2026 Unaudited Financial Results
Rhea-AI Summary
Jiayin Group (NASDAQ:JFIN) reported first quarter 2026 unaudited results. Transaction volume was RMB19.3 billion, down 45.8% year over year. Net revenue fell 57.4% to RMB756.7 million. The company recorded a net loss of RMB61.7 million versus prior-year profit.
Repeat borrowing contribution reached 76.3%, and the 90+ day delinquency ratio was 2.25%. Jiayin expects second-quarter 2026 transaction volume of RMB9.5–10.5 billion. The board extended the share repurchase plan; about 4.6 million ADS have been bought for US$30.4 million.
Positive
- Repeat borrowing contribution rose to 76.3%, up from 71.9% a year earlier
- 90+ day delinquency ratio was 2.25% as of March 31, 2026
- Revenue from releasing of guarantee liabilities increased to RMB217.7 million from RMB170.6 million
- Sales and marketing expense decreased 49.6% year over year to RMB340.1 million
- Allowance for uncollectible items dropped to RMB1.1 million from RMB17.5 million
- Jiayin repurchased about 4.6 million ADS for approximately US$30.4 million
Negative
- Transaction volume declined 45.8% year over year to RMB19.3 billion
- Net revenue decreased 57.4% year over year to RMB756.7 million
- Loan facilitation service revenue fell 68.9% to RMB460.1 million
- Results shifted to a RMB70.1 million operating loss from RMB606.6 million income
- Net income turned to a RMB61.7 million net loss from RMB539.5 million profit
- Cash and cash equivalents declined to RMB43.4 million from RMB61.8 million
- Second-quarter 2026 transaction volume guidance of RMB9.5–10.5 billion is below first-quarter volume
- Research and development expense increased 24.6% year over year to RMB109.8 million
News Market Reaction – JFIN
In the Jun 23 session, JFIN declined 28.39%, reflecting a significant negative market reaction. Argus tracked a trough of -27.1% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 31 | Q4 2025 earnings | Negative | -12.3% | Q4 2025 revenue and net income declined as asset quality was prioritized. |
| Nov 25 | Q3 2025 earnings | Positive | +2.6% | Q3 2025 showed solid loan growth, higher net revenue and stronger profitability. |
| Aug 20 | Q2 2025 earnings | Positive | -4.6% | Q2 2025 delivered strong growth in volume, revenue and net income. |
| Jun 04 | Q1 2025 earnings | Positive | +8.3% | Q1 2025 reported robust loan growth, higher revenue and sharply higher net income. |
| Apr 28 | 2024 annual report | Neutral | -1.7% | Filing of the 2024 Form 20-F with audited financial statements and disclosures. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings and related filings have produced mixed but mostly aligned price reactions, with a slight average negative move around results.
Key Terms
90 day+ delinquency ratio financial
non-gaap financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SHANGHAI, June 23, 2026 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Operational and Financial Highlights:
- Transaction volume1 was RMB19.3 billion (US
$2.8 billion ), representing a decrease of45.8% from the same period of 2025. - Average borrowing amount per borrowing was RMB7,111 (US
$1,031) , representing a decrease of11.0% from the same period of 2025. - Repeat borrowing contribution2 was
76.3% , compared with71.9% in the same period of 2025. - 90 day+ delinquency ratio3 was
2.25% as of March 31, 2026. - Net revenue was RMB756.7 million (US
$109.7 million ), representing a decrease of57.4% from the same period of 2025. - Loss from operation was RMB70.1 million (US
$10.2 million ), compared with RMB606.6 million income from operation in the same period of 2025. - Non-GAAP4 loss from operation was RMB70.1 million (US
$10.2 million ), compared with RMB606.6 million non-GAAP4 income from operation in the same period of 2025. - Net loss was RMB61.7 million (US
$8.9 million ), compared with RMB539.5 million net income in the same period of 2025.
_________________________
1 “Transaction volume” refers to the total loan transaction volume in Chinese Mainland during the period presented.
2 “Repeat borrowing contribution” for a given period refers to the percentage of transaction volume in Chinese Mainland attributable to repeat borrowers during that period. “Repeat borrowers” during a certain period refers to borrowers who have borrowed in such period and have borrowed at least twice since such borrowers’ registration on our platform until the end of such period.
3 “90 day+ delinquency ratio” refers to the outstanding principal balance of loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of loans facilitated through the Company’s platform as of a specific date. Loans facilitated outside Chinese Mainland are not included in the calculation.
4 Please see the section entitled “Use of Non-GAAP Financial Measure” below and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.
Mr. Yan Dinggui, the Company’s Founder, Director and Chief Executive Officer, commented: “In the first quarter of 2026, the industry continued to adapt to a complex macro environment, and we remained focused on strengthening operational resilience and asset quality. Our total transaction volume for the quarter reached RMB 19.3 billion, in line with our previously communicated guidance, while net revenue was RMB 756.7 million.
During this period, we proactively adjusted our business mix, implemented more stringent credit standards to mitigate risk, and further developed our overseas business. We deepened our technology-empowerment partnerships with financial institutions and continued to broaden our offerings. We also continued to invest strategically in our technology infrastructure and AI-driven risk management capabilities, steadily enhancing our operational efficiency and cost management.
Looking forward, we will maintain a disciplined and prudent approach as market dynamics evolve, with the goal of navigating market cycles through resilient and efficient operations.”
First Quarter 2026 Financial Results
Net revenue was RMB756.7 million (US
Revenue from loan facilitation services was RMB460.1 million (US
Revenue from releasing of guarantee liabilities was RMB217.7 million (US
Other revenue was RMB78.9 million (US
Facilitation and servicing expense was RMB331.6 million (US
Allowance for uncollectible receivables, contract assets, prepaid expenses and other current assets and others was RMB1.1 million (US
Sales and marketing expense was RMB340.1 million (US
General and administrative expense was RMB44.1 million (US
Research and development expense was RMB109.8 million (US
Loss from operation was RMB70.1 million (US
Non-GAAP loss from operation was RMB70.1 million (US
Net loss was RMB61.7 million (US
Basic and diluted net loss per share were both RMB0.29 (US
Basic and diluted net loss per ADS were both RMB1.16 (US
Cash and cash equivalents were RMB43.4 million (US
The following chart and table display the historical cumulative M3+ Delinquency Rate by Vintage for loan products facilitated through the Company’s platform in Chinese Mainland.
Business Outlook
The Company expects its transaction volume for the second quarter of 2026 to be in the range of RMB9.5 billion to RMB10.5 billion. This outlook reflects a disciplined recalibration of our strategy as we prioritize asset quality and operational resilience amidst the evolving regulatory and macroeconomic landscape. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.
Recent Development
Share Repurchase Plan Update
In June, 2026, the Company’s Board of Directors approved to extend the share repurchase plan for another period of 12 months, commencing on June 13, 2026 and ending on June 12, 2027. Pursuant to the extended share repurchase plan, the Company may repurchase its ordinary shares through June 12, 2027 with an aggregate value not exceeding the remaining balance under the share repurchase plan.
As of June 23, 2026, the Company had repurchased approximately 4.6 million of its American depositary shares for approximately US
Conference Call
The Company will conduct a conference call to discuss its financial results on June 23, 2026, at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day).
To join the conference call, all participants must use the following link to complete the online registration process in advance. Upon registering, each participant will receive access details for this event including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call.
Participant Online Registration:
https://register-conf.media-server.com/register/BI9ec10bb5cd874c548096cbdae6e3f52b
A live and archived webcast of the conference call will be available on the Company’s investors relations website at http://ir.jiayintech.cn/.
About Jiayin Group Inc.
Jiayin Group Inc. is a leading fintech platform in China committed to facilitating effective, transparent, secure and fast connections between underserved individual borrowers and financial institutions. The origin of the business of the Company can be traced back to 2011. The Company operates a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers. For more information, please visit http://ir.jiayintech.cn/.
Use of Non-GAAP Financial Measure
We use non-GAAP income from operation, which is a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that the non-GAAP financial measure helps identify underlying trends in our business by excluding the impact of share-based compensation expenses. We believe that non-GAAP financial measure provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.
Non-GAAP income from operation represents income from operation excluding share-based compensation expenses. Such adjustment has no impact on income tax.
Non-GAAP income from operation is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for income from operation, net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.
For more information on this non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at a specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.8980 to US
Safe Harbor / Forward-Looking Statements
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to the Company’s ability to retain existing borrowers and attract new borrowers in an effective and cost-efficient way, the Company’s ability to increase the transaction volume through its marketplace, effectiveness of the Company’s credit assessment model and risk management system, PRC laws and regulations relating to the online individual finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Stock Market or other stock exchange, including its ability to cure any non-compliance with the continued listing criteria of the Nasdaq Stock Market. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.
For investor and media inquiries, please contact:
Jiayin Group
Ms. Emily Lu
Email: ir@jiayinfintech.cn
| JIAYIN GROUP INC. | ||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||
| (Amounts in thousands, except for share and per share data) | ||||||||||||
| As of December 31, | As of March 31, | |||||||||||
| 2025 | 2026 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| ASSETS | ||||||||||||
| Cash and cash equivalents | 61,837 | 43,381 | 6,289 | |||||||||
| Restricted cash | 413,601 | 388,515 | 56,323 | |||||||||
| Accounts receivable and contract assets, net | 3,732,677 | 3,069,990 | 445,055 | |||||||||
| Financial assets receivable, net | 601,600 | 557,357 | 80,800 | |||||||||
| Prepaid expenses and other current assets, net | 1,811,772 | 2,298,804 | 333,257 | |||||||||
| Amounts due from related parties | 301,184 | 302,769 | 43,892 | |||||||||
| TOTAL CURRENT ASSETS | 6,922,671 | 6,660,816 | 965,616 | |||||||||
| Property and equipment, net | 1,326,943 | 1,307,386 | 189,531 | |||||||||
| Right-of-use assets | 31,195 | 24,171 | 3,504 | |||||||||
| Long-term investments, net | 302,077 | 342,396 | 49,637 | |||||||||
| Deferred tax assets, net | 96,534 | 104,500 | 15,149 | |||||||||
| Other non-current assets | 76,545 | 108,519 | 15,732 | |||||||||
| TOTAL NON-CURRENT ASSETS | 1,833,294 | 1,886,972 | 273,553 | |||||||||
| TOTAL ASSETS | 8,755,965 | 8,547,788 | 1,239,169 | |||||||||
| LIABILITIES AND EQUITY | ||||||||||||
| Bank borrowings, current | 155,043 | 155,043 | 22,477 | |||||||||
| Deferred guarantee income | 458,903 | 424,912 | 61,599 | |||||||||
| Contingent guarantee liabilities | 617,588 | 548,479 | 79,513 | |||||||||
| Payroll and welfare payables | 210,367 | 194,985 | 28,267 | |||||||||
| Amounts due to related parties | 288,100 | 275,701 | 39,968 | |||||||||
| Tax payables | 1,054,527 | 998,964 | 144,819 | |||||||||
| Accrued expenses and other current liabilities | 874,630 | 896,457 | 129,959 | |||||||||
| Lease liabilities, current | 25,290 | 22,054 | 3,197 | |||||||||
| TOTAL CURRENT LIABILITIES | 3,684,448 | 3,516,595 | 509,799 | |||||||||
| Bank borrowings, non-current | 516,000 | 516,000 | 74,804 | |||||||||
| Deferred tax liabilities | 106,912 | 107,422 | 15,573 | |||||||||
| Lease liabilities, non-current | 4,297 | 805 | 117 | |||||||||
| Other non-current liabilities | 12,882 | 36,288 | 5,261 | |||||||||
| TOTAL NON-CURRENT LIABILITIES | 640,091 | 660,515 | 95,755 | |||||||||
| TOTAL LIABILITIES | 4,324,539 | 4,177,110 | 605,554 | |||||||||
| TOTAL SHAREHOLDERS’ EQUITY | 4,431,426 | 4,370,678 | 633,615 | |||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 8,755,965 | 8,547,788 | 1,239,169 | |||||||||
| JIAYIN GROUP INC. | ||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||||||||||||
| (Amounts in thousands, except for share and per share data) | ||||||||||||
| For the Three Months Ended March 31, | ||||||||||||
| 2025 | 2026 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| Net revenue | 1,775,576 | 756,681 | 109,696 | |||||||||
| Operating costs and expenses: | ||||||||||||
| Facilitation and servicing | (336,011 | ) | (331,599 | ) | (48,072 | ) | ||||||
| Allowance for uncollectible receivables, contract assets, prepaid expenses and other current assets and others | (17,541 | ) | (1,125 | ) | (163 | ) | ||||||
| Sales and marketing | (674,494 | ) | (340,119 | ) | (49,307 | ) | ||||||
| General and administrative | (52,795 | ) | (44,130 | ) | (6,398 | ) | ||||||
| Research and development | (88,088 | ) | (109,775 | ) | (15,914 | ) | ||||||
| Total operating costs and expenses | (1,168,929 | ) | (826,748 | ) | (119,854 | ) | ||||||
| Income (loss) from operations | 606,647 | (70,067 | ) | (10,158 | ) | |||||||
| Interest income (expense), net | 4,175 | (776 | ) | (112 | ) | |||||||
| Other income, net | 52,389 | 1,428 | 207 | |||||||||
| Income (loss) before income taxes | 663,211 | (69,415 | ) | (10,063 | ) | |||||||
| Income tax (expense) benefit | (123,729 | ) | 7,752 | 1,124 | ||||||||
| Net income (loss) | 539,482 | (61,663 | ) | (8,939 | ) | |||||||
| Net loss attributable to non-controlling interests | (2 | ) | (7 | ) | (1 | ) | ||||||
| Net income (loss) attributable to Jiayin Group Inc. | 539,484 | (61,656 | ) | (8,938 | ) | |||||||
| Weighted average shares used in calculating net income per share: | ||||||||||||
| - Basic and diluted | 213,478,184 | 209,318,184 | 209,318,184 | |||||||||
| Net income (loss) per share: | ||||||||||||
| - Basic and diluted | 2.53 | (0.29 | ) | (0.04 | ) | |||||||
| Net income (loss) per ADS: | ||||||||||||
| - Basic and diluted | 10.12 | (1.16 | ) | (0.16 | ) | |||||||
| Net income (loss) | 539,482 | (61,663 | ) | (8,939 | ) | |||||||
| Foreign currency translation adjustments | (783 | ) | 916 | 133 | ||||||||
| Comprehensive income (loss) | 538,699 | (60,747 | ) | (8,806 | ) | |||||||
| Comprehensive income attributable to non-controlling interests | 46 | 44 | 6 | |||||||||
| Total comprehensive income (loss) attributable to Jiayin Group Inc. | 538,653 | (60,791 | ) | (8,812 | ) | |||||||
| JIAYIN GROUP INC. | ||||||||||||
| UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS | ||||||||||||
| (Amounts in thousands, except for share and per share data) | ||||||||||||
| For the Three Months Ended March 31, | ||||||||||||
| 2025 | 2026 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| Reconciliation of Non-GAAP income from operation to Income from operation | ||||||||||||
| Income (loss) from operation | 606,647 | (70,067 | ) | (10,158 | ) | |||||||
| Add: share-based compensation expenses | — | — | — | |||||||||
| Non-GAAP income (loss) from operation | 606,647 | (70,067 | ) | (10,158 | ) | |||||||
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f5f077c-ac68-4e5c-ae8d-a527625b1ba4
