Jiayin Group Inc. Reports Second Quarter 2025 Unaudited Financial Results

Rhea-AI Summary

Jiayin Group (NASDAQ: JFIN), a leading Chinese fintech platform, reported strong Q2 2025 financial results with significant growth across key metrics. The company's loan facilitation volume increased 54.6% to RMB37.1 billion (US$5.2 billion), while net revenue grew 27.8% to RMB1,886.2 million (US$263.3 million).

Notable achievements include a 181.4% surge in operating income to RMB639.1 million and a 117.8% increase in net income to RMB519.1 million. The company maintained strong credit quality with a 90-day+ delinquency ratio of 1.12%. Additionally, Jiayin announced a dividend payment of US$0.80 per ADS and expanded its share repurchase program to US$80 million.

For full-year 2025, Jiayin expects loan facilitation volume between RMB137.0-142.0 billion, with Q3 2025 projected at RMB32.0-34.0 billion.

Positive

• Loan facilitation volume surged 54.6% year-over-year to RMB37.1 billion
• Net revenue increased 27.8% to RMB1,886.2 million
• Operating income grew 181.4% to RMB639.1 million
• Net income rose 117.8% to RMB519.1 million
• Strong repeat borrower contribution at 75.6%
• Low delinquency ratio of 1.12%
• Declared dividend of US$0.80 per ADS
• Expanded share repurchase program to US$80 million

Negative

• Average borrowing amount per borrowing decreased 10.5% year-over-year
• Revenue from releasing of guarantee liabilities decreased significantly from RMB424.8M to RMB126.4M
• Increased allowance for uncollectible assets from -RMB3.3M to RMB32.5M
• Sales and marketing expenses increased 46.0% year-over-year

Insights

Financial Analyst

Jiayin reports exceptional Q2 growth with 54.6% increase in loan volume and 117.8% jump in net income, demonstrating strong operational execution.

Jiayin Group has delivered impressive Q2 2025 results that significantly exceed typical fintech growth rates. The RMB37.1 billion ($5.2 billion) loan facilitation volume represents a substantial 54.6% year-over-year increase, setting a new quarterly record since the company's IPO. This exceptional volume growth has translated into RMB1,886.2 million ($263.3 million) in net revenue, up 27.8% from Q2 2024.

What's particularly notable is Jiayin's ability to leverage this revenue growth into disproportionately higher profit gains. Income from operations surged by an extraordinary 181.4% to RMB639.1 million, while net income jumped 117.8% to RMB519.1 million. This indicates substantial operational efficiency improvements, with the company successfully controlling costs while scaling its business.

The 75.6% repeat borrower contribution (up from 73.4% in Q2 2024) demonstrates strong customer retention and platform stickiness, a critical competitive advantage in China's fintech sector. Meanwhile, the 1.12% 90-day+ delinquency ratio reflects disciplined risk management despite the rapid growth in loan volume.

The company's strategic focus on AI capabilities has clearly paid dividends through enhanced cost efficiency and risk management. This is evident in the 53.1% decrease in facilitation and servicing expenses, which fell to RMB285.1 million despite the substantial increase in loan volume. However, borrower acquisition costs have risen, with sales and marketing expenses increasing 46.0% to RMB710.5 million.

The company's strong cash flow generation is supporting shareholder returns through both dividends ($0.80 per ADS) and an expanded share repurchase program (up to $80 million). With its guidance projecting continued robust loan facilitation volume growth for Q3 and full-year 2025, Jiayin appears well-positioned to maintain its growth trajectory in China's competitive fintech landscape.

-- Second Quarter Total Loan Facilitation Volume Grew 54.6% to RMB37.1 billion --
-- Second Quarter Net Revenue Grew 27.8% to RMB1,886.2 million --

SHANGHAI, China, Aug. 20, 2025 (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 second quarter ended June 30, 2025.

Second Quarter 2025 Operational and Financial Highlights:

• Loan facilitation volume¹ was RMB37.1 billion (US$5.2 billion), representing an increase of 54.6% from the same period of 2024.

• Average borrowing amount per borrowing was RMB8,130 (US$1,135), representing a decrease of 10.5% from the same period of 2024.

• Repeat borrower contribution² of total loan facilitation volume was 75.6%, compared with 73.4% in the same period of 2024.

• 90 day+ delinquency ratio³ was 1.12% as of June 30, 2025.

• Net revenue was RMB1,886.2 million (US$263.3 million), representing an increase of 27.8% from the same period of 2024.

• Income from operation was RMB639.1 million (US$89.2 million), representing an increase of 181.4% from the same period of 2024.

• Non-GAAP⁴ income from operation was RMB737.6 million (US$103.0 million), compared with RMB261.6 million in the same period of 2024.

• Net income was RMB519.1 million (US$72.5 million), representing an increase of 117.8% from RMB238.3 million in the same period of 2024.

_____________________________
¹ “Loan facilitation volume” refers the loan volume facilitated in Mainland China during the period presented.
² “Repeat borrower contribution” for a given period refers to the percentage of loan facilitation volume in Mainland China 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 Mainland China are not included in the calculation.
⁴Please 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 second quarter, loan facilitation volume amounted to RMB37.1 billion, marking a new quarterly record since the Company’s listing. Non-GAAP income from operation totaled RMB737.6 million, demonstrating the resilience and adaptability of our core business model amid macroeconomic uncertainty.

Leveraging our AI-powered fintech capabilities, we have achieved greater cost efficiency and enhanced risk management, reinforcing our ability to consistently deliver strong performance and create value for shareholders. Over the long term, as we systematically cultivate our AI capabilities, we will maintain a strong focus on robust risk management and controls. This dual focus will drive operational excellence and enable us to build sustainable competitive advantages in our core domains.”

Second Quarter 2025 Financial Results

Net revenue was RMB1,886.2 million (US$263.3 million), representing an increase of 27.8% from the same period of 2024.

Revenue from loan facilitation services was RMB1,609.4 million (US$224.7 million), representing an increase of 69.2% from the same period of 2024. The increase was primarily due to the increased volume facilitated by the Company.

Revenue from releasing of guarantee liabilities was RMB126.4 million (US$17.6 million), compared to RMB424.8 million in the same period of 2024. The year-over-year decrease was primarily due to the decrease in average outstanding loan balances for which the Company provided guarantee services.

Other revenue was RMB150.4 million (US$21.0 million), representing an increase of 49.8% from the same period of 2024. This increase was primarily due to the increase in the contribution from referral fees.

Facilitation and servicing expense was RMB285.1 million (US$39.8 million), representing a decrease of 53.1% from the same period of 2024. This was primarily due to decreased expenses related to financial guarantee services.

Allowance for uncollectible assets, loans receivable and others was RMB32.5 million (US$4.5 million), compared with RMB3.3 million reversal in the second quarter of 2024, primarily due to the additional cap of oversea guarantees which the Company provided for loan facilitation business conducted by the Company’s investee in the second quarter of 2025.

Sales and marketing expense was RMB710.5 million (US$99.2 million), representing an increase of 46.0% from the same period of 2024, primarily due to an increase in borrower acquisition expenses and commission expenses.

General and administrative expense was RMB110.5 million (US$15.4 million), representing an increase of 70.0% from the same period of 2024, primarily driven by an increase in payroll expenses and share-based compensation.

Research and development expense was RMB108.4 million (US$15.1 million), representing an increase of 16.8% from the same period of 2024, primarily due to higher share-based compensation as well as increased professional service fees.

Income from operation was RMB639.1 million (US$89.2 million), representing an increase of 181.4% from the same period of 2024.

Non-GAAP income from operation was RMB737.6 million (US$103.0 million), compared with RMB261.6 million in the same period of 2024.

Net income was RMB519.1 million (US$72.5 million), representing an increase of 117.8% from RMB238.3 million in the same period of 2024.

Basic and diluted net income per share was RMB2.46 (US$0.34), compared to RMB1.12 in the second quarter of 2024.

Basic and diluted net income per ADS was RMB9.84 (US$1.36), compared to RMB4.48 in the second quarter of 2024. Each ADS represents four Class A ordinary shares of the Company.

Cash and cash equivalents were RMB316.2 million (US$44.1 million) as of June 30, 2025, compared with RMB190.3 million as of March 31, 2025.

The following chart and table display the historical cumulative M3+ Delinquency Rate by Vintage for loan products facilitated through the Company’s platform in Mainland China.

Business Outlook

The Company expects its loan facilitation volume for the full year of 2025 to be in the range of RMB137.0 billion to RMB142.0 billion and its loan facilitation volume for the third quarter of 2025 to be in the range of RMB32.0 billion to RMB34.0 billion. The Company expects its non-GAAP income from operation for the third quarter of 2025 to be in the range of RMB0.49 billion to RMB0.56 billion. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

Recent Development

Dividend Payment

On May 20, 2025, the Company’s Board of Directors (the “Board”) approved the declaration and payment of cash dividends of US$0.20 per ordinary share, or US$0.80 per American depositary share in the fiscal year 2025. On July 3, 2025, the Company announced the record date and payment date of the cash dividends. The aggregate amount of cash distributed was approximately US$41.1 million, representing 28% of the net income after tax of the Company in fiscal year 2024.

Share Repurchase Plan Update

In August 2025, the Board approved an adjustment to the existing share repurchase plan, pursuant to which the aggregate value of ordinary shares authorized for repurchase under the plan through June 12, 2026 shall not exceed US$80 million.

As of August 20, 2025, the Company had repurchased approximately 4.6 million of its ADSs for approximately US$30.4 million.

Environmental, Social and Governance (ESG)

On August 7, 2025, the Company published its 2024 ESG report, marking its fourth annual ESG publication. The report underscores Jiayin’s steadfast commitment to corporate sustainability, ethical business practices, and transparent governance. In 2024, guided by sustainable development, Jiayin strengthened its foundation through governance optimization, redefined service boundaries through technological innovation, and united ecosystem synergy through shared responsibility. The Company advanced the fintech industry toward greater intelligence, security, and inclusiveness, generating long-term value for all stakeholders.

The ESG report is prepared in accordance with the Global Reporting Initiative’s Sustainability Reporting Standards (GRI Standards), with reference to Nasdaq’s ESG Reporting Guide 2.0. To download the full report in English or Chinese, please visit the ESG section of the Company's investor relations website at: https://ir.jiayintech.cn/environmental-social-and-governance.

Conference Call

The Company will conduct a conference call to discuss its financial results on Wednesday, August 20, 2025 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/BI539cce85faf148058b75f83514f0de6f

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 https://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 RMB7.1636 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2025. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

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 investors and borrowers and attract new investors and borrowers in an effective and cost-efficient way, the Company’s ability to increase the investment volume and loan facilitation of loans volume facilitated 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 June 30,
		2024			2025
		RMB			RMB			US$
ASSETS
Cash and cash equivalents		540,523			316,243			44,146
Restricted cash		137,332			198,826			27,755
Accounts receivable and contract assets, net		2,991,166			4,109,457			573,658
Financial assets receivables, net		293,483			275,857			38,508
Prepaid expenses and other current assets, net		377,978			591,945			82,632
Deferred tax assets, net		72,405			94,005			13,123
Property and equipment, net		44,397			1,354,074			189,021
Right-of-use assets		52,759			43,756			6,108
Long-term investment, net		162,267			271,532			37,904
Other non-current assets		737,583			20,100			2,806
TOTAL ASSETS		5,409,893			7,275,795			1,015,661
LIABILITIES AND EQUITY
Deferred guarantee income		229,503			231,286			32,286
Contingent guarantee liabilities		213,644			318,679			44,486
Payroll and welfare payable		144,065			113,223			15,805
Tax payables		687,034			957,659			133,684
Accrued expenses and other liabilities		956,356			1,719,743			240,066
Lease liabilities		51,677			43,376			6,055
TOTAL LIABILITIES		2,282,279			3,383,966			472,382
TOTAL SHAREHOLDERS' EQUITY		3,127,614			3,891,829			543,279
TOTAL LIABILITIES AND EQUITY		5,409,893			7,275,795			1,015,661

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 June 30,									For the Six Months Ended June 30,
		2024			2025						2024			2025
		RMB			RMB			US$			RMB			RMB				US$
Net revenue		1,476,327			1,886,206			263,304			2,951,667				3,661,782				511,165
Operating costs and expenses:
Facilitation and servicing		(608,158	)		(285,084	)		(39,796	)		(1,275,132	)			(621,095		)		(86,702	)
Reversal of/ (Allowance for) uncollectible receivables, contract assets, loans receivable and others		3,262			(32,537	)		(4,542	)		645				(50,078		)		(6,991	)
Sales and marketing		(486,553	)		(710,532	)		(99,186	)		(846,371	)			(1,385,026		)		(193,342	)
General and administrative		(64,996	)		(110,515	)		(15,427	)		(111,211	)			(163,310		)		(22,797	)
Research and development		(92,819	)		(108,436	)		(15,137	)		(176,089	)			(196,524		)		(27,434	)
Total operating costs and expenses		(1,249,264	)		(1,247,104	)		(174,088	)		(2,408,158	)			(2,416,033		)		(337,266	)
Income from operation		227,063			639,102			89,216			543,509				1,245,749				173,899
Interest income, net		4,318			1,285			179			6,234				5,460				762
Other income, net		65,637			2,793			390			66,224				55,182				7,703
Income before income taxes and loss from investment in affiliates		297,018			643,180			89,785			615,967				1,306,391				182,364
Income tax expense		(58,750	)		(124,046	)		(17,316	)		(104,632	)			(247,775		)		(34,588	)
Net income		238,268			519,134			72,469			511,335				1,058,616				147,776
Less: net loss attributable to non-controlling interest		(3	)		(2	)		0			(6	)			(4		)		(1	)
Net income attributable to Jiayin Group Inc.		238,271			519,136			72,469			511,341				1,058,620				147,777
Weighted average shares used in calculating net income per share:
- Basic and diluted		212,332,672			210,811,151			210,811,151			212,231,868				212,137,300				212,137,300
Net income per share:
- Basic and diluted		1.12			2.46			0.34			2.41				4.99				0.70
Net income per ADS:
- Basic and diluted		4.48			9.84			1.36			9.64				19.96				2.80
Net income		238,268			519,134			72,469			511,335				1,058,616				147,776
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustments		257			1,565			218			(2,883	)			782				109
Comprehensive income		238,525			520,699			72,687			508,452				1,059,398				147,885
Comprehensive income (loss) attributable to non-controlling interest		42			(15	)		(2	)		56				31				4
Total comprehensive income attributable to Jiayin Group Inc.		238,483			520,714			72,689			508,396				1,059,367				147,881

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 June 30,									For the Six Months Ended June 30,
		2024			2025						2024			2025
		RMB			RMB			US$			RMB			RMB				US$
Reconciliation of Non-GAAP income from operation to Income from operation
Income from operation:		227,063			639,102			89,216			543,509				1,245,749				173,899
Add: share-based compensation expenses		34,520			98,539			13,756			34,701				98,539				13,756
Non-GAAP income from operation		261,583			737,641			102,972			578,210				1,344,288				187,655

A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92affffa-a292-426b-9e71-ac28f1f889ce

FAQ

What were Jiayin Group's (JFIN) key financial results for Q2 2025?

Jiayin reported net revenue of RMB1,886.2M (up 27.8%), operating income of RMB639.1M (up 181.4%), and net income of RMB519.1M (up 117.8%) in Q2 2025.

What is Jiayin's (JFIN) loan facilitation volume guidance for 2025?

Jiayin expects full-year 2025 loan facilitation volume to be between RMB137.0 billion to RMB142.0 billion, with Q3 2025 volume projected at RMB32.0-34.0 billion.

How much dividend did Jiayin Group (JFIN) declare in 2025?

Jiayin declared a cash dividend of US$0.20 per ordinary share (US$0.80 per ADS), with total distribution of approximately US$41.1 million.

What is Jiayin's (JFIN) current share repurchase program?

In August 2025, Jiayin expanded its share repurchase program to US$80 million through June 12, 2026. As of August 20, 2025, the company had repurchased 4.6 million ADSs for US$30.4 million.

What was Jiayin's (JFIN) delinquency ratio in Q2 2025?

Jiayin maintained a 90 day+ delinquency ratio of 1.12% as of June 30, 2025, indicating strong credit quality.