Uxin Reports Unaudited Financial Results for the Quarter and Full Year Ended December 31, 2025
Rhea-AI Summary
Uxin (Nasdaq: UXIN) reported unaudited results for Q4 and full year ended December 31, 2025. Full-year retail transaction volume reached 51,110 units (+134.7% YoY) and total revenues were RMB3,239.7 million (+78.6% YoY). Q4 revenue was RMB1,197.9 million; gross margin ~6.8%. The company is expanding its superstore network and expects >100% growth in retail volume and revenue in 2026.
Uxin cited stable inventory turnover (~30 days), replication of a factory-warehousing-retail model, and continued investment in pricing and reconditioning capabilities.
AI-generated analysis. Not financial advice.
Positive
- Retail volume +134.7% YoY to 51,110 units
- Total revenue RMB3,239.7 million (+78.6% YoY)
- Inventory turnover ~30 days maintained
- Non-GAAP adjusted EBITDA loss improved to RMB57.9 million
Negative
- Full-year loss from operations RMB173.6 million
- Gross margin modest at 6.7% for full year
- Q4 non-GAAP adjusted EBITDA loss RMB27.2 million
News Market Reaction – UXIN
On the day this news was published, UXIN declined 1.33%, reflecting a mild negative market reaction. Argus tracked a trough of -11.6% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $8M from the company's valuation, bringing the market cap to $620.57M at that time.
Data tracked by StockTitan Argus on the day of publication.
Dear Shareholders,
On behalf of Uxin Limited, I would like to express my sincere gratitude for your continued interest and support. It is my pleasure to share with you our key achievements over the past year, along with our insights into the business and outlook for the future.
Consumer expectations for products, services and overall experience in the used car industry continue to rise. We have observed that consumers are no longer satisfied with availability alone and increasingly value transparency in vehicle condition, fair pricing, professional service, and reliable after-sales support. We believe that in this trillion-RMB market, which remains at an early stage of development, those who can systematically address these pain points will be well positioned to lead the transformation and upgrading of
Against this backdrop, Uxin is redefining used car transactions through a modern retail approach. We leverage our advanced self-operated reconditioning factories to ensure vehicle quality and provide one-stop purchasing experience and comprehensive after-sales support through our offline superstores and online marketplace. As a result, buying and selling used cars could become as simple, transparent, and trustworthy as purchasing standardized retail products.
In 2025, despite continued intense price competition in the new car market, which created challenges for the used car industry, our business maintained strong growth momentum. Our full-year retail transaction volume reached 51,110 units, up
During the year, we also began large-scale replication and nationwide expansion of our superstore model. Building on our existing superstores in
These achievements are supported by core capabilities that we have built over time and continue to strengthen. First, our pricing capability continues to evolve. We have accumulated the industry's largest set of real transaction data from our self-operated used car sales, and this data continues to grow, roughly doubling each year. This enables our pricing model to become increasingly precise. Our digital systems respond rapidly to market changes, allowing us to maintain real-time pricing competitiveness on both sourcing and sales. As a result, we are well positioned to navigate industry volatility and systematically improve vehicle-level profitability while sustaining high inventory turnover efficiency.
Second, we have built an innovative integrated factory-warehousing-retail business model. Each of our superstores is supported by a used car reconditioning factory, forming
Meanwhile, most of our superstores carry inventory of more than 2,000 vehicles and serve as a landmark used car retail destination in its local market. Landmark superstores help build customer trust. Through our in-store service, vehicle display and experience design, customers can enjoy a professional, transparent, and trustworthy retail experience at our superstores. Our Net Promoter Score has reached 67, and customer satisfaction and brand reputation remain at industry-leading levels. We believe that our sales conversion efficiency, together with our ability to generate organic traffic through strong word-of-mouth, provides us with significant advantages over traditional used car dealers.
We clearly see that Uxin is advancing rapidly along a validated and continuously strengthening development path. Looking ahead to 2026, we will continue to increase inventory and sales across our existing five superstores, and we plan to open a number of new superstores during the year, further strengthening our nationwide network. Based on these plans, we expect both our full-year retail transaction volume in 2026 and total revenues to grow by more than
The modernization of
Kun Dai
Chairman and Chief Executive Officer of Uxin
Highlights for the Quarter Ended December 31, 2025
- Transaction volume was 21,634 units for the three months ended December 31, 2025, an increase of
36.0% from 15,904 units in the last quarter and an increase of129.2% from 9,439 units in the same period last year. - Retail transaction volume was 19,160 units for the three months ended December 31, 2025, an increase of
36.7% from 14,020 units in the last quarter and an increase of124.0% from 8,554 units in the same period last year. - Total revenues were
RMB1,197.9 million (US ) for the three months ended December 31, 2025, an increase of$171.3 million 36.2% fromRMB879.3 million in the last quarter and an increase of100.7% fromRMB596 .8 million in the same period last year. - Gross margin was
6.8% for the three months ended December 31, 2025, compared with7.5% in the last quarter and7.0% in the same period last year. - Loss from operations was
RMB58.7 million (US ) for the three months ended December 31, 2025, compared with$8.4 million RMB36.5 million in the last quarter andRMB73.4 million in the same period last year. - Non-GAAP adjusted EBITDA[1] was a loss of
RMB27.2 million (US ) for the three months ended December 31, 2025, compared with a loss of$3.9 million RMB5.3 million in the last quarter and a gain ofRMB2.0 million in the same period last year.
[1] This is a non-GAAP measure. The Company believes that the non-GAAP measures help investors and users of our financial information understand the effect of adjusting items on our selected reported results and provide alternate measurements of its performance, both in the current period and across periods. See "Use of Non-GAAP Financial Measures" and "Unaudited Reconciliations of GAAP And Non-GAAP Results" contained in this press release for a reconciliation and additional information on non-GAAP measures. |
Highlights for the Full Year Ended December 31, 2025
- Transaction volume was 57,408 units for the full year ended December 31, 2025, an increase of
119.6% from 26,148 units in the prior year. - Retail transaction volume was 51,110 units for the full year ended December 31, 2025, an increase of
134.7% from 21,773 units in the prior year. - Total revenues were RMB3,239.7 million (
US ) for the full year ended December 31, 2025, an increase of$463.3 million 78.6% from RMB1,814.4 million in the prior year. - Gross margin was
6.7% for the full year ended December 31, 2025, compared with6.8% in the prior year. - Loss from operations was RMB173.6 million (
US ) for the full year ended December 31, 2025, compared with RMB284.4 million in the prior year.$24.8 million - Non-GAAP adjusted EBITDA was a loss of RMB57.9 million (
US ) for the full year ended December 31, 2025, compared with RMB80.8 million in the prior year.$8.3 million
Mr. Feng Lin, Chief Financial Officer of Uxin, stated: "Our financial performance this quarter continued to demonstrate strong momentum. In the fourth quarter, our retail transaction volume reached 19,160 units, representing a
Financial Results for the Quarter Ended December 31, 2025
Total revenues were
Retail vehicle sales revenue was
Wholesale vehicle sales revenue was
Other revenue was
Cost of revenues was
Gross margin was
Total operating expenses were
- Sales and marketing expenses were
RMB122.3 million (US ) for the three months ended December 31, 2025, representing an increase of$17.5 million 34.1% fromRMB91.2 million in the last quarter and an increase of98.0% fromRMB61.8 million in the same period last year. The increase was mainly due to the increased employee compensation for the sales teams as a result of the increase in headcount. - General and administrative expenses were
RMB22.8 million (US ) for the three months ended December 31, 2025, representing a decrease of$3.3 million 21.9% fromRMB29.1 million in the last quarter and a decrease of67.2% fromRMB69.3 million in the same period last year. The quarter-over-quarter decrease was mainly due to the decline in professional fees in relation to certain transactions in the fourth quarter of 2025. The year-over-year decrease was mainly due to the impact of share-based compensation expenses. - Research and development expenses were
RMB3.3 million (US ) for the three months ended December 31, 2025, representing an increase of$0.5 million 7.9% fromRMB3.1 million in the last quarter and representing an increase of39.2% fromRMB2.4 million in the same period last year. The year-over-year increase was mainly due to the impact of share-based compensation expenses.
Other operating income, net was
Loss from operations was
Interest expenses were
Net loss from operations was net loss of
Non-GAAP adjusted EBITDA was a loss of
Financial Results for the Full Year Ended December 31, 2025
Total revenues were RMB3,239.7 million (
Retail vehicle sales revenue was RMB3,021.2 million (
Wholesale vehicle sales revenue was RMB123.9 million (
Other revenue was RMB94.6 million (
Cost of revenues was RMB3,023.3 million (
Gross margin was
Total operating expenses were RMB451.0 million (
- Sales and marketing expenses were
RMB349.4 million (US ) for the full year ended December 31, 2025, representing an increase of$50.0 million 53.2% fromRMB228.0 million in the prior year. The increases were mainly due to the increased employee compensation for the sales teams as a result of the increase in headcount. - General and administrative expenses were
RMB89.7 million (US ) for the full year ended December 31, 2025, representing a decrease of$12.8 million 54.9% fromRMB198.9 million in the prior year. The decrease was mainly due to a decrease in share-based compensation for personnel performing general and administrative functions. - Research and development expenses were
RMB12.4 million (US ) for the full year ended December 31, 2025, representing a decrease of$1.8 million 12.4% from RMB14.2 million in the prior year. The decrease was mainly due to a decrease of the salaries and benefits expenses of employees engaged in research and development as a result of the decrease in headcount.
Other operating income, net was RMB61.1 million (
Loss from operations was RMB173.6 million (
Interest expenses were RMB94.5 million (
Net loss from operations was RMB262.5 million (
Non-GAAP adjusted EBITDA was a loss of
Liquidity
The Company has incurred net losses since inception. For the year ended December 31, 2025, the Company incurred net loss of
Update on Equity Financing Transactions
The Company has made progress on its previously disclosed equity financing transactions. Specifically, with respect to the subscription by Abundant Grace Investment Limited ("Grace"), as disclosed in the Company's announcement dated December 18, 2025, the Company has completed the issuance of all Class A ordinary shares contemplated thereunder and has received
Additionally, with respect to the share subscription agreements with Abundant Glory Investment L.P. ("Glory"), an affiliate of NIO Capital and Prestige Shine Group Limited, as disclosed in the Company's announcement issued on December 26, 2025, which provide for an aggregate consideration of
Recent Development
Strategic Partnership with State-Owned Enterprises in Jiangyin
The Company has established a strategic partnership with Jiangyin Huigang Qihang Investment Partnership ("Huigang Qihang") and Jiangyin Chan Fa Ke Chuang Investment Partnership (Limited Partnership) ("Chan Fa Ke Chuang") to establish Uxin (Jiangyin) Intelligent Remanufacturing Co., Ltd. (the "Uxin Jiangyin"). Pursuant to the equity investment agreement, Uxin (
Uxin Tianjin Used Car Superstore
On March 31, 2026, Uxin announced the official opening of its used car superstore in the city of
Business Outlook
For the three months ending March 31, 2026, the Company expects its retail transaction volume to range between 16,200 units and 16,500 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to range between
Conference Call
Uxin's management team will host a conference call on Friday, April 10, 2026, at 8:00 A.M.
Conference Call Preregistration：https://dpregister.com/sreg/10208025/103bb8e12f9
A telephone replay of the call will be available after the conclusion of the conference call until April 17, 2026. The dial-in details for the replay are as follows:
U.S.: +1 855 669 9658
International: +1 412 317 0088
Replay PIN: 9596914
A live webcast and archive of the conference call will be available on the Investor Relations section of Uxin's website at http://ir.xin.com.
About Uxin
Uxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline superstores with inventory capacities ranging from 2,000 to 8,000 vehicles. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of China's used car industry.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses certain non-GAAP measures, including Adjusted EBITDA and adjusted net loss from operations per share – basic and diluted, as supplemental measures to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with
The non-GAAP financial measures are not defined under
The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest
Reconciliations of Uxin's non-GAAP financial measures to the most comparable
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
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. Among other things, the business outlook and quotations from management in this announcement, as well as Uxin's strategic and operational plans, contain forward-looking statements. Uxin 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 Uxin's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Uxin's goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin's expectations regarding demand for, and market acceptance of, its products and services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China's used car e-commerce industry and other related industries; the laws and regulations relating to Uxin's industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media enquiries, please contact:
Uxin Limited Investor Relations
Uxin Limited
Email: ir@xin.com
The Blueshirt Group
Mr. Jack Wang
Phone: +86 166-0115-0429
Email: Jack@blueshirtgroup.co
Uxin Limited | ||||||||||||
Unaudited Consolidated Statements of Comprehensive Loss | ||||||||||||
(In thousands except for number of shares and per share data) | ||||||||||||
For the three months ended December 31, | For the twelve months ended December 31, | |||||||||||
2024 | 2025 | 2024 | 2025 | |||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||
Revenues | ||||||||||||
Retail vehicle sales | 553,127 | 1,128,978 | 161,442 | 1,591,913 | 3,021,239 | 432,031 | ||||||
Wholesale vehicle sales | 25,506 | 38,212 | 5,464 | 166,951 | 123,866 | 17,713 | ||||||
Others | 18,169 | 30,706 | 4,391 | 55,493 | 94,588 | 13,526 | ||||||
Total revenues | 596,802 | 1,197,896 | 171,297 | 1,814,357 | 3,239,693 | 463,270 | ||||||
Cost of revenues | (554,856) | (1,117,019) | (159,732) | (1,690,924) | (3,023,298) | (432,326) | ||||||
Gross profit | 41,946 | 80,877 | 11,565 | 123,433 | 216,395 | 30,944 | ||||||
Operating expenses | ||||||||||||
Sales and marketing | (61,779) | (122,298) | (17,488) | (228,006) | (349,411) | (49,965) | ||||||
General and administrative | (69,341) | (22,769) | (3,256) | (198,871) | (89,691) | (12,826) | ||||||
Research and development | (2,395) | (3,333) | (477) | (14,163) | (12,409) | (1,774) | ||||||
Reversal of credit losses, net | 123 | 10 | 1 | 644 | 463 | 66 | ||||||
Total operating expenses | (133,392) | (148,390) | (21,220) | (440,396) | (451,048) | (64,499) | ||||||
Other operating income, net | 18,070 | 8,806 | 1,259 | 32,612 | 61,085 | 8,735 | ||||||
Loss from operations | (73,376) | (58,707) | (8,396) | (284,351) | (173,568) | (24,820) | ||||||
Interest income | 11 | 10 | 1 | 45 | 66 | 9 | ||||||
Interest expenses | (22,108) | (24,743) | (3,538) | (93,031) | (94,466) | (13,508) | ||||||
Other income | 7,695 | 2,477 | 354 | 10,448 | 10,442 | 1,493 | ||||||
Other expenses | (1,386) | (1,465) | (209) | (7,603) | (5,297) | (757) | ||||||
Net gain from extinguishment of debt | - | - | - | 35,222 | - | - | ||||||
Foreign exchange (losses)/gains | (1,169) | (357) | (51) | 790 | 394 | 56 | ||||||
Loss before income tax expense | (90,333) | (82,785) | (11,839) | (338,480) | (262,429) | (37,527) | ||||||
Income tax expense | (1) | - | - | (51) | (39) | (6) | ||||||
Equity in loss of affiliates, net of tax | - | - | - | (3,522) | - | - | ||||||
Net loss, net of tax | (90,334) | (82,785) | (11,839) | (342,053) | (262,468) | (37,533) | ||||||
Add: net profit attribute to redeemable non- | (1,669) | (4,718) | (675) | (6,607) | (15,072) | (2,155) | ||||||
Net loss attributable to UXIN LIMITED | (92,003) | (87,503) | (12,514) | (348,660) | (277,540) | (39,688) | ||||||
Deemed dividend to preferred shareholders due to | - | - | - | (1,781,454) | - | - | ||||||
Net loss attributable to ordinary shareholders | (92,003) | (87,503) | (12,514) | (2,130,114) | (277,540) | (39,688) | ||||||
Net loss | (90,334) | (82,785) | (11,839) | (342,053) | (262,468) | (37,533) | ||||||
Foreign currency translation, net of tax nil | 10,609 | 362 | 52 | 2,696 | 6,912 | 988 | ||||||
Total comprehensive loss | (79,725) | (82,423) | (11,787) | (339,357) | (255,556) | (36,545) | ||||||
Add: net profit attribute to redeemable non- | (1,669) | (4,718) | (675) | (6,607) | (15,072) | (2,155) | ||||||
Total comprehensive loss attributable to | (81,394) | (87,141) | (12,462) | (345,964) | (270,628) | (38,700) | ||||||
Net loss attributable to ordinary shareholders | (92,003) | (87,503) | (12,514) | (2,130,114) | (277,540) | (39,688) | ||||||
Weighted average shares outstanding - basic | 57,399,022,224 | 65,356,882,873 | 65,356,882,873 | 43,746,361,436 | 62,756,316,162 | 62,756,316,162 | ||||||
Weighted average shares outstanding - diluted | 57,399,022,224 | 65,356,882,873 | 65,356,882,873 | 43,746,361,436 | 62,756,316,162 | 62,756,316,162 | ||||||
Net loss per share for ordinary shareholders, basic | (0.00) | (0.00) | (0.00) | (0.05) | (0.00) | (0.00) | ||||||
Net loss per share for ordinary shareholders, | (0.00) | (0.00) | (0.00) | (0.05) | (0.00) | (0.00) | ||||||
Uxin Limited | ||||||
Unaudited Consolidated Balance Sheets | ||||||
(In thousands except for number of shares and per share data) | ||||||
As of December 31, | As of December 31, | |||||
2024 | 2025 | |||||
RMB | RMB | US$ | ||||
ASSETS | ||||||
Current assets | ||||||
Cash and cash equivalents | 25,112 | 83,006 | 11,870 | |||
Restricted cash | 767 | 71 | 10 | |||
Accounts receivable, net | 4,150 | 4,613 | 660 | |||
Loans recognized as a result of payments under | - | - | - | |||
Other receivables, net of provision for credit | 14,998 | 23,186 | 3,316 | |||
Inventory, net | 207,390 | 545,554 | 78,013 | |||
Prepaid expenses and other current assets | 86,977 | 87,466 | 12,506 | |||
Total current assets | 339,394 | 743,896 | 106,375 | |||
Non-current assets | ||||||
Property, equipment and software, net | 71,420 | 85,447 | 12,219 | |||
Finance lease right-of-use assets, net | 1,346,728 | 1,319,087 | 188,627 | |||
Operating lease right-of-use assets, net | 194,388 | 270,325 | 38,656 | |||
Total non-current assets | 1,612,536 | 1,674,859 | 239,502 | |||
Total assets | 1,951,930 | 2,418,755 | 345,877 | |||
LIABILITIES, MEZZANINE EQUITY AND | ||||||
Current liabilities | ||||||
Accounts payable | 81,584 | 65,009 | 9,296 | |||
Other payables and other current liabilities | 306,391 | 291,338 | 41,661 | |||
Current portion of operating lease liabilities | 14,563 | 35,842 | 5,125 | |||
Current portion of finance lease liabilities | 183,852 | 187,541 | 26,818 | |||
Short-term borrowings from third parties | 174,616 | 397,161 | 56,793 | |||
Short-term borrowings from related party | 1,000 | - | - | |||
Total current liabilities | 762,006 | 976,891 | 139,693 | |||
Non-current liabilities | ||||||
Long-term borrowings from related party | 53,913 | - | - | |||
Long-term borrowings from third parties | - | 10,000 | 1,430 | |||
Consideration payable to WeBank | 27,237 | - | - | |||
Finance lease liabilities | 1,141,118 | 1,081,322 | 154,627 | |||
Operating lease liabilities | 180,920 | 245,373 | 35,088 | |||
Total non-current liabilities | 1,403,188 | 1,336,695 | 191,145 | |||
Total liabilities | 2,165,194 | 2,313,586 | 330,838 | |||
Mezzanine equity | ||||||
Redeemable non-controlling interests (i) | 154,977 | 336,057 | 48,056 | |||
Total Mezzanine equity | 154,977 | 336,057 | 48,056 | |||
Shareholders' deficit | ||||||
Ordinary shares (ii) | 39,816 | 45,922 | 6,567 | |||
Additional paid-in capital (ii) | 19,007,948 | 19,370,282 | 2,769,913 | |||
Subscription receivable from shareholders (ii) | (60,467) | (21,165) | (3,027) | |||
Accumulated other comprehensive income | 227,718 | 234,630 | 33,552 | |||
Accumulated deficit | (19,583,017) | (19,860,557) | (2,840,022) | |||
Total Uxin's shareholders' deficit | (368,002) | (230,888) | (33,017) | |||
Non-controlling interests | (239) | - | - | |||
Total shareholders' deficit | (368,241) | (230,888) | (33,017) | |||
Total liabilities, mezzanine equity and | 1,951,930 | 2,418,755 | 345,877 | |||
(i) On October 16, 2024, the Company, through Uxin Anhui, entered into an agreement with Wuhan Junshan Urban Asset | ||||||
* Share-based compensation charges included are as follows: | ||||||||||||
For the three months ended December 31, | For the twelve months ended December 31, | |||||||||||
2024 | 2025 | 2024 | 2025 | |||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||
Sales and marketing | - | 1,642 | 235 | 136 | 5,312 | 760 | ||||||
General and administrative | 58,887 | 8,429 | 1,205 | 125,051 | 36,780 | 5,259 | ||||||
Research and development | - | 622 | 89 | 128 | 2,491 | 356 | ||||||
Uxin Limited | ||||||||||||
Unaudited Reconciliations of GAAP And Non-GAAP Results | ||||||||||||
(In thousands except for number of shares and per share data) | ||||||||||||
For the three months ended December 31, | For the twelve months ended December 31, | |||||||||||
2024 | 2025 | 2024 | 2025 | |||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||
Net loss, net of tax | (90,334) | (82,785) | (11,839) | (342,053) | (262,468) | (37,533) | ||||||
Add: Income tax expense | 1 | - | - | 51 | 39 | 6 | ||||||
Interest income | (11) | (10) | (1) | (45) | (66) | (9) | ||||||
Interest expenses | 22,108 | 24,743 | 3,538 | 93,031 | 94,466 | 13,508 | ||||||
Depreciation | 16,489 | 20,803 | 2,975 | 64,305 | 71,114 | 10,169 | ||||||
EBITDA | (51,747) | (37,249) | (5,327) | (184,711) | (96,915) | (13,859) | ||||||
Add: Share-based compensation expenses | 58,887 | 10,693 | 1,529 | 125,315 | 44,583 | 6,375 | ||||||
- Sales and marketing | - | 1,642 | 235 | 136 | 5,312 | 760 | ||||||
- General and administrative | 58,887 | 8,429 | 1,205 | 125,051 | 36,780 | 5,259 | ||||||
- Research and development | - | 622 | 89 | 128 | 2,491 | 356 | ||||||
Other income | (7,695) | (2,477) | (354) | (10,448) | (10,442) | (1,493) | ||||||
Other expenses | 1,386 | 1,465 | 209 | 7,603 | 5,297 | 757 | ||||||
Foreign exchange losses/(gains) | 1,169 | 357 | 51 | (790) | (394) | (56) | ||||||
Structure realignment cost | - | - | - | 13,948 | - | - | ||||||
Equity in loss of affiliates, net of tax | - | - | - | 3,522 | - | - | ||||||
Net gain from extinguishment of debt | - | - | - | (35,222) | - | - | ||||||
Non-GAAP adjusted EBITDA | 2,000 | (27,211) | (3,892) | (80,783) | (57,871) | (8,276) | ||||||
For the three months ended December 31, | For the twelve months ended December 31, | |||||||||||
2024 | 2025 | 2024 | 2025 | |||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||
Net loss attributable to ordinary | (92,003) | (87,503) | (12,514) | (2,130,114) | (277,540) | (39,688) | ||||||
Add: Share-based compensation expenses | 58,887 | 10,693 | 1,529 | 125,315 | 44,583 | 6,375 | ||||||
- Sales and marketing | - | 1,642 | 235 | 136 | 5,312 | 760 | ||||||
- General and administrative | 58,887 | 8,429 | 1,205 | 125,051 | 36,780 | 5,259 | ||||||
- Research and development | - | 622 | 89 | 128 | 2,491 | 356 | ||||||
Add: accretion on redeemable non- | 1,668 | 3,519 | 503 | 6,636 | 14,833 | 2,121 | ||||||
Deemed dividend to preferred | - | - | - | 1,781,454 | - | - | ||||||
Non-GAAP adjusted net loss attributable | (31,448) | (73,291) | (10,482) | (216,709) | (218,124) | (31,192) | ||||||
Net loss per share for ordinary shareholders - | (0.00) | (0.00) | (0.00) | (0.05) | (0.00) | (0.00) | ||||||
Net loss per share for ordinary shareholders - | (0.00) | (0.00) | (0.00) | (0.05) | (0.00) | (0.00) | ||||||
Non-GAAP adjusted net loss to ordinary | (0.00) | (0.00) | (0.00) | (0.00) | (0.00) | (0.00) | ||||||
Weighted average shares outstanding - basic | 57,399,022,224 | 65,356,882,873 | 65,356,882,873 | 43,746,361,436 | 62,756,316,162 | 62,756,316,162 | ||||||
Weighted average shares outstanding - diluted | 57,399,022,224 | 65,356,882,873 | 65,356,882,873 | 43,746,361,436 | 62,756,316,162 | 62,756,316,162 | ||||||
Note: The conversion of Renminbi (RMB) into | ||||||||||||
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SOURCE Uxin Limited