Jiayin Group Inc. Reports Second Quarter 2026 Unaudited Financial Results
Jiayin Group (NASDAQ:JFIN) reported second quarter 2026 results marked by a sharp contraction in business scale and a swing to loss.
Rhea-AI Summary
Jiayin Group (NASDAQ:JFIN) reported second quarter 2026 results marked by a sharp contraction in business scale and a swing to loss. Transaction volume in Chinese Mainland was RMB9.5 billion, down 74.4% year over year. Net revenue fell 60.9% to RMB736.9 million, driven mainly by an 88.5% drop in loan facilitation revenue to RMB184.8 million, partly offset by higher revenue from releasing guarantee liabilities at RMB454.4 million.
Loss from operations was RMB246.7 million versus income of RMB639.1 million a year earlier; net loss was RMB183.6 million versus net income of RMB519.1 million. Cash and cash equivalents rose to RMB504.0 million as of June 30, 2026. Jiayin extended its share repurchase plan to June 12, 2027 and has bought about 4.6 million ADSs for approximately US$30.4 million. The company suspended its dividend for fiscal 2026 and published its fifth ESG report on August 20, 2026.
Positive
- Cash and cash equivalents increased to RMB504.0 million as of June 30, 2026, from RMB43.4 million as of March 31, 2026
- Revenue from releasing guarantee liabilities rose to RMB454.4 million in Q2 2026 from RMB126.4 million a year earlier
- Sales and marketing expense declined 68.8% year over year to RMB221.8 million in Q2 2026
- General and administrative expense decreased 39.5% year over year to RMB66.9 million in Q2 2026
- Share repurchases reached approximately 4.6 million ADSs for about US$30.4 million as of August 28, 2026
Negative
- Transaction volume in Chinese Mainland dropped 74.4% year over year to RMB9.5 billion in Q2 2026
- Net revenue declined 60.9% year over year to RMB736.9 million in Q2 2026
- Loan facilitation revenue decreased 88.5% year over year to RMB184.8 million in Q2 2026
- Loss from operations was RMB246.7 million versus RMB639.1 million income from operations in Q2 2025
- Net result turned to a RMB183.6 million net loss from RMB519.1 million net income a year earlier in Q2
- Dividend for fiscal year 2026 was suspended to preserve capital for investments and working capital
News Explained
Guarantee-related revenue and costs were disclosed alongside a 2.21% 90-day-plus delinquency ratio as of June 30, 2026.
Jiayin reported unaudited second-quarter results; the reduced-scale quarter included
The company attributed the higher facilitation and servicing expense primarily to higher average outstanding loan balances for which it provided guarantee services.
Jiayin defines its 90 day+ delinquency ratio as loans 91 to 180 days past due divided by the outstanding principal balance of loans facilitated through its platform in Chinese Mainland.
As of
The guarantee-liability release and facilitation-and-servicing expense lines are the specific items to track in subsequent reported periods to assess how these guarantee-service mechanics develop.
News Market Reaction – JFIN
In the Aug 28 session, JFIN declined 3.23%, reflecting a moderate negative market reaction. Argus tracked a trough of -20.3% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. Trading volume was very high at 4.5x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SHANGHAI, Aug. 28, 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 second quarter ended June 30, 2026.
Second Quarter 2026 Operational and Financial Highlights:
- Transaction volume1 was RMB9.5 billion (US
$1.4 billion ), representing a decrease of74.4% from the same period of 2025. - Average borrowing amount per borrowing was RMB6,663 (US
$982) , representing a decrease of18.0% from the same period of 2025. - Repeat borrowing contribution2 was
73.1% , compared with75.6% in the same period of 2025. - 90 day+ delinquency ratio3 was
2.21% as of June 30, 2026. - Net revenue was RMB736.9 million (US
$108.6 million ), representing a decrease of60.9% from the same period of 2025. - Loss from operations was RMB246.7 million (US
$36.4 million ), compared with RMB639.1 million income from operation in the same period of 2025. - Non-GAAP4 loss from operations was RMB225.7 million (US
$33.3 million ), compared with RMB737.6 million non-GAAP4 income from operations in the same period of 2025. - Net loss was RMB183.6 million (US
$27.1 million ), compared with RMB519.1 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: “During the second quarter of 2026, our transaction volume reached RMB9.5 billion, in line with our previously communicated guidance. The Company recorded a net loss of RMB183.6 million during the quarter, primarily due to the contraction of our business scale.
“In response to evolving industry dynamics, we have launched a comprehensive strategic upgrade, shifting our development model from scale-driven growth toward a greater focus on both quality and efficiency. Furthermore, we are expanding our business model beyond pure loan facilitation into a diversified platform centered on our compliance-driven core business, technology empowerment, and ecosystem collaboration. Meanwhile, we continue to deepen our strategic investments in AI and overseas business to navigate the challenges of transformation, demonstrating our commitment to delivering long-term value.”
Second Quarter 2026 Financial Results
Net revenue was RMB736.9 million (US
Revenue from loan facilitation services was RMB184.8 million (US
Revenue from releasing of guarantee liabilities was RMB454.4 million (US
Other revenue was RMB97.7 million (US
Facilitation and servicing expense was RMB549.3 million (US
Allowance for uncollectible receivables, contract assets, prepaid expenses and other current assets and others was RMB51.3 million (US
Sales and marketing expense was RMB221.8 million (US
General and administrative expense was RMB66.9 million (US
Research and development expense was RMB94.2 million (US
Loss from operations was RMB246.7 million (US
Non-GAAP loss from operation was RMB225.7 million (US
Net loss was RMB183.6 million (US
Basic and diluted net loss per share were both RMB0.89 (US
Basic and diluted net loss per ADS were both RMB3.56 (US
Cash and cash equivalents were RMB504.0 million (US
The following chart displays the historical cumulative M3+ Delinquency Rate by Vintage for loan products facilitated through the Company’s platform in Chinese Mainland.
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 August 28, 2026, the Company had repurchased approximately 4.6 million of its American depositary shares for approximately US
Dividend
The Company is taking the added step of suspending its dividend for the fiscal year of 2026, recognizing the development trends of the industry in which the Company operates, and the importance of supporting the capital investments and working capital needed to execute its strategy. The Company reiterates its long-term commitment of a competitive dividend as cash flows improve to sustainably higher levels.
Environmental, Social and Governance (ESG)
On August 20, 2026, the Company published its 2025 Environmental, Social, and Governance (ESG) Report. This publication, making its fifth ESG report, highlights Jiayin’s ongoing commitment to corporate sustainability, ethical business practices, and transparent governance. In 2025, the Company leveraged artificial intelligence as a key driver to transform technology into business effectiveness, expanded the boundaries of inclusive finance through our global footprint, reduced environmental impact through green operations, and reinforced our development foundation through talent cultivation.
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 August 28, 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/BIb4a22a07f69c42f187755e80e859a69a
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 rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 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, the Company’s ability to successfully implement its strategic upgrade and transition, the Company’s ability to expand into new business lines, 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, | |||||||||||
| 2025 | 2026 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| ASSETS | ||||||||||||
| Cash and cash equivalents | 61,837 | 503,991 | 74,279 | |||||||||
| Restricted cash | 413,601 | 279,096 | 41,134 | |||||||||
| Accounts receivable and contract assets, net | 3,732,677 | 2,554,878 | 376,542 | |||||||||
| Financial assets receivable, net | 601,600 | 713,582 | 105,169 | |||||||||
| Prepaid expenses and other current assets, net | 1,811,772 | 2,250,521 | 331,686 | |||||||||
| Amounts due from related parties | 301,184 | 304,988 | 44,950 | |||||||||
| TOTAL CURRENT ASSETS | 6,922,671 | 6,607,056 | 973,760 | |||||||||
| Property and equipment, net | 1,326,943 | 1,305,238 | 192,368 | |||||||||
| Right-of-use assets | 31,195 | 8,127 | 1,198 | |||||||||
| Long-term investments, net | 302,077 | 358,268 | 52,802 | |||||||||
| Deferred tax assets, net | 96,534 | 156,504 | 23,066 | |||||||||
| Other non-current assets | 76,545 | 142,994 | 21,075 | |||||||||
| TOTAL NON-CURRENT ASSETS | 1,833,294 | 1,971,131 | 290,509 | |||||||||
| TOTAL ASSETS | 8,755,965 | 8,578,187 | 1,264,269 | |||||||||
| LIABILITIES AND EQUITY | ||||||||||||
| Bank borrowings, current | 155,043 | 154,944 | 22,836 | |||||||||
| Deferred guarantee income | 458,903 | 493,893 | 72,791 | |||||||||
| Contingent guarantee liabilities | 617,588 | 722,373 | 106,465 | |||||||||
| Payroll and welfare payables | 210,367 | 122,433 | 18,044 | |||||||||
| Amounts due to related parties | 288,100 | 248,454 | 36,618 | |||||||||
| Tax payables | 1,054,527 | 880,646 | 129,791 | |||||||||
| Accrued expenses and other current liabilities | 874,630 | 1,054,139 | 155,361 | |||||||||
| Lease liabilities, current | 25,290 | 7,176 | 1,058 | |||||||||
| TOTAL CURRENT LIABILITIES | 3,684,448 | 3,684,058 | 542,964 | |||||||||
| Bank borrowings, non-current | 516,000 | 474,000 | 69,859 | |||||||||
| Deferred tax liabilities | 106,912 | 108,696 | 16,020 | |||||||||
| Lease liabilities, non-current | 4,297 | 775 | 114 | |||||||||
| Other non-current liabilities | 12,882 | 101,839 | 15,009 | |||||||||
| TOTAL NON-CURRENT LIABILITIES | 640,091 | 685,310 | 101,002 | |||||||||
| TOTAL LIABILITIES | 4,324,539 | 4,369,368 | 643,966 | |||||||||
| TOTAL SHAREHOLDERS’ EQUITY | 4,431,426 | 4,208,819 | 620,303 | |||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 8,755,965 | 8,578,187 | 1,264,269 | |||||||||
| 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, | |||||||||||||||||||||||
| 2025 | 2026 | 2025 | 2026 | |||||||||||||||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
| Net revenue | 1,886,206 | 736,880 | 108,603 | 3,661,782 | 1,493,561 | 220,124 | ||||||||||||||||||
| Operating costs and expenses: | ||||||||||||||||||||||||
| Facilitation and servicing | (285,084 | ) | (549,335 | ) | (80,962 | ) | (621,095 | ) | (880,934 | ) | (129,834 | ) | ||||||||||||
| Allowance for uncollectible receivables, contract assets, prepaid expenses and other current assets and others | (32,537 | ) | (51,316 | ) | (7,563 | ) | (50,078 | ) | (52,441 | ) | (7,729 | ) | ||||||||||||
| Sales and marketing | (710,532 | ) | (221,761 | ) | (32,684 | ) | (1,385,026 | ) | (561,880 | ) | (82,811 | ) | ||||||||||||
| General and administrative | (110,515 | ) | (66,886 | ) | (9,858 | ) | (163,310 | ) | (111,016 | ) | (16,362 | ) | ||||||||||||
| Research and development | (108,436 | ) | (94,234 | ) | (13,888 | ) | (196,524 | ) | (204,009 | ) | (30,067 | ) | ||||||||||||
| Total operating costs and expenses | (1,247,104 | ) | (983,532 | ) | (144,955 | ) | (2,416,033 | ) | (1,810,280 | ) | (266,803 | ) | ||||||||||||
| Income (loss) from operations | 639,102 | (246,652 | ) | (36,352 | ) | 1,245,749 | (316,719 | ) | (46,679 | ) | ||||||||||||||
| Interest income (expense), net | 1,285 | (403 | ) | (59 | ) | 5,460 | (1,179 | ) | (174 | ) | ||||||||||||||
| Other income, net | 2,793 | 28,269 | 4,166 | 55,182 | 29,697 | 4,377 | ||||||||||||||||||
| Income (loss) before income taxes | 643,180 | (218,786 | ) | (32,245 | ) | 1,306,391 | (288,201 | ) | (42,476 | ) | ||||||||||||||
| Income tax (expense) benefit | (124,046 | ) | 35,232 | 5,193 | (247,775 | ) | 42,984 | 6,335 | ||||||||||||||||
| Net income (loss) | 519,134 | (183,554 | ) | (27,052 | ) | 1,058,616 | (245,217 | ) | (36,141 | ) | ||||||||||||||
| Net loss attributable to non-controlling interests | (2 | ) | (4 | ) | (1 | ) | (4 | ) | (11 | ) | (2 | ) | ||||||||||||
| Net income (loss) attributable to Jiayin Group Inc. | 519,136 | (183,550 | ) | (27,051 | ) | 1,058,620 | (245,206 | ) | (36,139 | ) | ||||||||||||||
| Weighted average shares used in calculating net income per share: | ||||||||||||||||||||||||
| - Basic and diluted | 210,811,151 | 209,590,492 | 209,590,492 | 212,137,300 | 209,455,090 | 209,455,090 | ||||||||||||||||||
| Net income (loss) per share: | ||||||||||||||||||||||||
| - Basic and diluted | 2.46 | (0.89 | ) | (0.13 | ) | 4.99 | (1.18 | ) | (0.17 | ) | ||||||||||||||
| Net income (loss) per ADS: | ||||||||||||||||||||||||
| - Basic and diluted | 9.84 | (3.56 | ) | (0.52 | ) | 19.96 | (4.72 | ) | (0.68 | ) | ||||||||||||||
| Net income (loss) | 519,134 | (183,554 | ) | (27,052 | ) | 1,058,616 | (245,217 | ) | (36,141 | ) | ||||||||||||||
| Foreign currency translation adjustments | 1,565 | 724 | 107 | 782 | 1,640 | 242 | ||||||||||||||||||
| Comprehensive income (loss) | 520,699 | (182,830 | ) | (26,945 | ) | 1,059,398 | (243,577 | ) | (35,899 | ) | ||||||||||||||
| Comprehensive (loss) income attributable to non-controlling interests | (15 | ) | 85 | 13 | 31 | 129 | 19 | |||||||||||||||||
| Total comprehensive income (loss) attributable to Jiayin Group Inc. | 520,714 | (182,915 | ) | (26,958 | ) | 1,059,367 | (243,706 | ) | (35,918 | ) | ||||||||||||||
| 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, | |||||||||||||||||||||||
| 2025 | 2026 | 2025 | 2026 | |||||||||||||||||||||
| RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
| Reconciliation of Non-GAAP income (loss) from operations to Income (loss) from operations | ||||||||||||||||||||||||
| Income (loss) from operations | 639,102 | (246,652 | ) | (36,352 | ) | 1,245,749 | (316,719 | ) | (46,679 | ) | ||||||||||||||
| Add: share-based compensation expenses | 98,539 | 20,970 | 3,091 | 98,539 | 20,970 | 3,091 | ||||||||||||||||||
| Non-GAAP income (loss) from operations | 737,641 | (225,682 | ) | (33,261 | ) | 1,344,288 | (295,749 | ) | (43,588 | ) | ||||||||||||||
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/712f1e68-c7e8-4f8d-9aa3-cb8812471c97
