Yiren Digital Reports First Quarter 2025 Financial Results

Rhea-AI Summary

Yiren Digital (NYSE: YRD) reported Q1 2025 financial results showing mixed performance. Total revenue reached RMB1.6 billion ($214.2M), up 13% YoY, driven by 59% growth in financial services to RMB1.17 billion. However, net income decreased to RMB247.5 million ($34.1M) from RMB485.9M in Q1 2024, mainly due to increased provisions for risk-taking loans and declining insurance and lifestyle segments. Total loans facilitated were RMB15.2B ($2.1B), down 1% QoQ but up from Q1 2024. The company maintained strong cash position of RMB4.0B ($557.2M). Notable developments include CFO transition from Yuning Feng to Ka Chun William Hui effective June 30, 2025, and new 2025 Share Incentive Plan approval. Q2 2025 revenue is projected between RMB1.6-1.7B.

Positive

• Total revenue increased 13% YoY to RMB1.55 billion
• Financial services revenue grew 59% YoY to RMB1.17 billion
• Strong cash position of RMB4.0 billion
• Cumulative borrowers increased 5% QoQ to 12.9 million
• Outstanding loan balance grew 11% QoQ to RMB27.5 billion
• Low delinquency rates maintained at 1.6% for 1-30 days past due

Negative

• Net income decreased 49% YoY to RMB247.5 million
• Insurance revenue declined 43% YoY to RMB71.5 million
• Consumption and lifestyle revenue dropped 40% YoY
• Number of borrowers decreased 12% QoQ
• Provision for contingent liabilities increased significantly to RMB410.8 million
• R&D expenses more than doubled YoY to RMB86.0 million

Insights

Financial Analyst

YRD posts 13% YoY revenue growth to $214.2M despite challenges in insurance and lifestyle segments, with healthy cash reserves.

Yiren Digital's Q1 2025 results reveal a company navigating mixed performance across its business segments. The financial services division showed remarkable strength with RMB1,174.6 million ($161.9 million) in revenue, jumping 59% year-over-year, driven by strong demand for small revolving loan products. Total loans facilitated reached RMB15.2 billion, up 28% from Q1 2024.

However, this growth was partially offset by significant declines in other segments. The insurance brokerage business saw revenue fall 43% to RMB71.5 million amid regulatory tightening and commission rate reductions. Similarly, consumption and lifestyle revenue decreased 40% to RMB308.5 million due to market saturation.

The company's profitability metrics reveal concerning trends. Net income declined to RMB247.5 million ($34.1 million) from RMB485.9 million a year earlier – a 49% drop. This substantial decrease stems from increased provisions for contingent liabilities, which surged to RMB410.8 million from RMB67.3 million last year, reflecting higher risk exposure in their loan portfolio. R&D expenses also more than doubled to RMB86 million as the company accelerates AI investments.

The balance sheet remains robust with RMB4,043.6 million ($557.2 million) in cash and equivalents, providing financial flexibility. Loan quality appears stable, with delinquency rates for 1-30 days, 31-60 days, and 61-90 days at 1.6%, 1.2%, and 1.2% respectively, showing minimal change from the previous quarter.

Looking ahead, management projects Q2 2025 revenue between RMB1.6 billion and RMB1.7 billion, indicating confidence in maintaining growth momentum. The upcoming CFO transition from Yuning Feng to Ka Chun William Hui on June 30 brings in experienced leadership with extensive capital markets background. The newly approved 2025 Share Incentive Plan authorizing 18.56 million ordinary shares signals management's focus on talent retention and alignment with shareholder interests.

BEIJING, June 12, 2025 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in Asia, today announced its unaudited financial results for the quarter ended March 31, 2025.

First Quarter 2025 Operational Highlights

Financial Services Business

• Total loans facilitated in the first quarter of 2025 reached RMB15.2 billion (US$2.1 billion), representing a slight decrease of 1% from RMB15.4 billion in the fourth quarter of 2024 and compared to RMB11.9 billion in the same period of 2024.
• Cumulative number of borrowers served reached 12,909,436 as of March 31, 2025, representing an increase of 5% from 12,350,400 as of December 31, 2024, and compared to 9,978,280 as of March 31, 2024.
• Number of borrowers served in the first quarter of 2025 was 1,375,406, representing a decrease of 12% from 1,560,789 in the fourth quarter of 2024 and compared to 1,352,200 in the same period of 2024. The decline was due to our strategic shift towards increasing the repeat borrowing rate among existing high-quality borrowers, combined with the traditionally slow season in the credit business during this period.
• Outstanding balance of performing loans facilitated reached RMB27.5 billion (US$3.8 billion) as of March 31, 2025, representing an increase of 11% from RMB24.8 billion as of December 31, 2024 and compared to RMB20.2 billion as of March 31, 2024.

Insurance Brokerage Business

• Cumulative number of insurance clients served reached 1,590,394 as of March 31, 2025, representing an increase of 4% from 1,532,119 as of December 31, 2024, and compared to 1,343,660 as of March 31, 2024.
• Number of insurance clients served in the first quarter of 2025 was 77,541, representing a decrease of 7% from 83,786 in the fourth quarter of 2024, and compared to 73,687 in the same period of 2024. The decrease was due to an industry-wide downturn in new sales impacted by regulatory tightening.
• Gross written premiums in the first quarter of 2025 were RMB801.8 million (US$110.5 million), representing a decrease of 27% from RMB1,100.3 million in the fourth quarter of 2024 and compared to RMB912.4 million in the same period of 2024. The decline was attributed to an industry-wide downturn in new sales impacted by regulatory tightening.

"We are pleased to report another solid and healthy quarter, reflecting the strength of our technology transformation strategy, which focuses on sustainable growth, operational efficiency, technology innovation and international expansion." said Mr. Ning Tang, Chairman and Chief Executive Officer. 

"Our core business benefits from domestic economic stimulus policies that boost consumption and expand credit access, creating sector-wide opportunities. Through our strategic focus on attracting and serving high-quality borrowers, combined with ongoing integration of advanced technology across our platform, we are well-positioned to capitalize on these favorable conditions and confident in maintaining our growth momentum through 2025."

"In the first quarter of this year, our total revenue reached RMB1.6 billion, up 13% year-over-year." Mr.Yuning Feng, Chief Financial Officer commented. "On our balance sheet, our cash and cash equivalents remained strong at RMB4.0 billion as of March 31, 2025, underscoring our financial flexibility and positioning us to capitalize our strategic opportunities."

First Quarter 2025 Financial Results

Total net revenue in the first quarter of 2025 was RMB1,554.5 million (US$214.2 million), representing an increase of 13% from RMB1,378.1 million in the first quarter of 2024. Particularly, in the first quarter of 2025, revenue from financial services business was RMB1,174.6 million (US$161.9 million), representing an increase of 59% from RMB738.1 million in the same period of 2024. The increase was attributed to the persistent and growing demand for our small revolving loan products. Revenue from insurance brokerage business was RMB71.5 million (US$9.8 million), representing a decrease of 43% from RMB124.9 million in the first quarter of 2024. The decrease was primarily driven by a decline in life insurance sales, attributed to regulatory-mandated product adjustments, along with an industry-wide reduction in commission fee rates due to the implementation of more stringent regulatory standards on rates and terms. Revenue from consumption and lifestyle business and others was RMB308.5 million (US$42.5 million), representing a decrease of 40% from RMB515.0 million in the first quarter of 2024. The decrease was mainly attributed to the high product penetration rate following sustained prior growth, resulting in fewer new sales opportunities. The Company is currently conducting a strategic review to evaluate and optimize our positioning for sustainable long-term growth in alignment with our corporate strategic priorities.

Sales and marketing expenses in the first quarter of 2025 were RMB277.0 million (US$38.2 million), which remains stable compared to RMB277.2 million in the same period of 2024.

Origination, servicing and other operating costs in the first quarter of 2025 were RMB224.7 million (US$31.0 million), which remains stable compared to RMB233.3 million in the same period of 2024.

Research and development expenses in the first quarter of 2025 were RMB86.0 million (US$11.8 million), compared to RMB40.5 million in the same period of 2024. The increase reflects our strategic acceleration of artificial intelligence investments, positioning us to capture emerging market opportunities and drive long-term competitive advantage.

General and administrative expenses in the first quarter of 2025 were RMB95.8 million (US$13.2 million), compared to RMB83.7 million in the same period of 2024. The increase was primarily due to higher incentive bonuses and increased employee benefit expenses.

Allowance for contract assets, receivables and others in the first quarter of 2025 was RMB152.8 million (US$21.1 million), compared to RMB102.3 million in the same period of 2024. The increase reflects the growing volume of loans facilitated on our platform as well as our cautious approach to risk management.

Provision for contingent liabilities in the first quarter of 2025 was RMB410.8 million (US$56.6 million), compared to RMB67.3 million in the same period of 2024. The increase was mainly attributed to a higher volume of loans facilitated under our risk-taking model^[1].

Income tax expense in the first quarter of 2025 was RMB26.3 million (US$3.6 million). 

Net income in the first quarter of 2025 was RMB247.5 million (US$34.1 million), as compared to RMB485.9 million in the same period in 2024. The decrease was primarily due to the growing loan volume facilitated under our risk-taking model, resulting in substantial upfront provisions required by the current accounting principles. Moreover, declining sales in the insurance brokerage business and the consumption and lifestyle segments, increased R&D costs, and an unrealized loss from fair value adjustments on invested assets further contributed to the overall reduction in profitability.

Adjusted EBITDA^[2] (non-GAAP) in the first quarter of 2025 was RMB325.0 million (US$44.8 million), compared to RMB591.1 million in the same period of 2024. 

Basic and diluted income per ADS in the first quarter of 2025 were RMB2.9 (US$0.4) and RMB2.8 (US$0.4) respectively, compared to a basic income per ADS of RMB5.6 and a diluted income per ADS of RMB5.5 in the same period of 2024. 

Net cash generated from operating activities in the first quarter of 2025 was RMB478.7 million (US$66.0 million), compared to RMB631.7 million in the same period of 2024. 

Net cash used in investing activities in the first quarter of 2025 was RMB145.6 million (US$20.1 million), compared to RMB683.7 million in the same period of 2024.

Net cash used in financing activities in the first quarter of 2025 was RMB80.6 million (US$11.1 million), compared to RMB14.8 million in the same period of 2024. 

As of March 31, 2025, cash and cash equivalents were RMB4,043.6 million (US$557.2 million), compared to RMB3,841.3 million as of December 31, 2024. As of March 31, 2025, the balance of financial investment was RMB404.1 million (US$55.7 million), compared to RMB437.2 million as of December 31, 2024.

Delinquency rates^[3]. As of March 31, 2025, the delinquency rates for loans that are past due for 1-30 days, 31-60 days and 61-90 days were 1.6%, 1.2% and 1.2%, respectively, compared to 1.6%, 1.2% and 1.1%, respectively, as of December 31, 2024. 

[1] The risk-taking model refers to the framework in which the company assumes the credit risk for the loans facilitated on our platform. [2] "Adjusted EBITDA" is a non-GAAP financial measure. For more information on this non-GAAP financial measure, please see the section of "Operating Highlights and Reconciliations of GAAP to Non-GAAP Measures" and the table captioned "Reconciliations of Adjusted EBITDA" set forth at the end of this press release. [3] Delinquency rates" refers to the outstanding principal balance of loans that were 1-30 days, 31-60 days and 61-90 days past due as a percentage of the total performing outstanding principal balance of loans as of a specific date. Loans originating outside mainland China are not included in the calculation. We define a performing loan as one that is being repaid according to the agreed terms and has not become delinquent for more than 90 days.

Recent Development

1)  Management Change

Mr. Yuning Feng, current CFO of Yiren Digital will resign due to personal reasons, and Mr. Ka Chun William Hui has been appointed as the new CFO by the board of directors, effective on June 30, 2025.

Mr. Hui brings nearly two decades of experience in investment banking and capital markets. He joined CreditEase, Yiren Digital's parent company, in 2017, focusing on global investment and capital market operation. Prior to that, he held several key roles at leading financial institutions, including Principal of Private Equity at China Minsheng Bank International, Deputy General Manager at CITIC International Asset Management, and positions at New World Development's Family Office, Deutsche Bank (Hong Kong), and IBM (Canada). Mr. Hui holds a bachelor's degree in computer engineering and an MBA, both from the University of Toronto.

"On behalf of the Board, we are delighted to welcome William to join the Company. We look forward to his expertise and professionalism further strengthening our organization. We would also like to express our sincere gratitude to Yuning for his dedication and wish him every success in his future endeavors," said Mr. Ning Tang, Chairman and CEO of Yiren Digital.

2)  Share Incentive Plan

To promote the success and enhance the value of Yiren Digital, on June 6, 2025, the Company's board of directors (the "Board") approved the 2025 Share Incentive Plan (the "2025 Plan"), which became effective on the same day. The maximum aggregate number of shares of the Company which may be issued pursuant to all awards under the 2025 Plan shall be 18,560,000 ordinary shares, par value US$0.0001 per share, of the Company.

Business Outlook

Based on the Company's preliminary assessment of business and market conditions, the Company projects the total revenue in the second quarter of 2025 to be between RMB1.6 billion to RMB1.7 billion, with a healthy net profit margin, driven by loan growth from domestic market and international markets, further market penetration into new customer segment.

This is the Company's current and preliminary view, which is subject to changes and uncertainties.

Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses several non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin as supplemental measures to review and assess operating performance. We believe these non-GAAP measures provide useful information about our core operating results, enhance the overall understanding of our past performance and prospects and allow for greater visibility with respect to key metrics used by our management in our financial and operational decision-making. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The non-GAAP financial measures have limitations as analytical tools. Other companies, including peer companies in the industry, may calculate these non-GAAP measures differently, which may reduce their usefulness as a comparative measure. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. See "Operating Highlights and Reconciliation of GAAP to Non-GAAP measures" at the end of this press release. 

Currency Conversion

This announcement contains currency conversions of certain RMB amounts into US$ at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB7.2567 to US$1.00, the effective noon buying rate on March 31, 2025, as set forth in the H.10 statistical release of the Federal Reserve Board.

Conference Call

Yiren Digital's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on June 12, 2025 (or 8:00 p.m. Beijing/Hong Kong Time on June 12, 2025).

Participants who wish to join the call should register online in advance of the conference at:
https://dpregister.com/sreg/10200245/ff3e415b7a

Once registration is completed, participants will receive the dial-in details for the conference call.

Additionally, a live and archived webcast of the conference call will be available at:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=ZoyvDsQv

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. 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," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yiren Digital's control. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yiren Digital's ability to attract and retain borrowers and investors on its marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, PRC regulations and policies relating to the peer-to-peer lending service industry in China, general economic conditions in China, and Yiren Digital's ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in Yiren Digital's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Yiren Digital does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About Yiren Digital

Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in Asia. Our mission is to elevate customers' financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

 

Unaudited Condensed Consolidated Statements of Operations
(in thousands, except for share, per share and per ADS data, and percentages)
	For the Three Months Ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		USD
Net revenue:
Loan facilitation services	676,295		742,394		102,305
Post-origination services	1,772		1,744		240
Guarantee services	16,853		318,397		43,876
Financing services	10,666		41,887		5,772
Insurance brokerage services	124,926		71,460		9,847
Electronic commerce services	502,936		184,074		25,366
Others	44,636		194,570		26,813
Total net revenue	1,378,084		1,554,526		214,219
Operating costs and expenses:
Sales and marketing	277,223		276,952		38,164
Origination,servicing and other operating costs	233,270		224,738		30,970
Research and development	40,521		85,954		11,845
General and administrative	83,674		95,837		13,207
Allowance for contract assets, receivables and others	102,334		152,805		21,057
Provision for contingent liabilities	67,258		410,763		56,605
Total operating costs and expenses	804,280		1,247,049		171,848
Other income/(expenses):
Interest income, net	27,713		24,206		3,336
Fair value adjustments gain/(loss)	15,468		(58,376)		(8,044)
Others, net	677		674		93
Total other income/(expenses)	43,858		(33,496)		(4,615)
Income before provision for income taxes	617,662		273,981		37,756
Share of results of equity investees	-		(129)		(18)
Income tax expense	131,779		26,346		3,631
Net income	485,883		247,506		34,107
Weighted average number of ordinary shares outstanding, basic	174,282,443		172,800,275		172,800,275
Basic income per share	2.7879		1.4323		0.1974
Basic income per ADS	5.5758		2.8646		0.3948
Weighted average number of ordinary shares outstanding, diluted	176,202,571		173,935,749		173,935,749
Diluted income per share	2.7575		1.4230		0.1961
Diluted income per ADS	5.5150		2.8460		0.3922
Unaudited Condensed Consolidated Cash Flow Data
Net cash generated from operating activities	631,743		478,650		65,960
Net cash used in investing activities	(683,697)		(145,590)		(20,063)
Net cash used in financing activities	(14,774)		(80,576)		(11,104)
Effect of foreign exchange rate changes	1,340		2,367		326
Net (decrease)/increase in cash, cash equivalents and restricted cash	(65,388)		254,851		35,119
Cash, cash equivalents and restricted cash, beginning of period	6,058,604		4,101,557		565,210
Cash, cash equivalents and restricted cash, end of period	5,993,216		4,356,408		600,329

 

Unaudited Condensed Consolidated Balance Sheets
(in thousands)
	As of
	December 31,  2024		March 31, 2025		March 31, 2025
	RMB		RMB		USD
Cash and cash equivalents	3,841,284		4,043,590		557,222
Restricted cash	260,273		312,818		43,107
Accounts receivable	566,541		583,542		80,414
Guarantee receivable	474,132		620,241		85,472
Contract assets, net	1,008,920		1,114,576		153,593
Contract cost	294		425		59
Prepaid expenses and other assets	2,361,585		2,299,149		316,831
Loans at fair value	421,922		314,790		43,379
Financing receivables	17,515		22,040		3,037
Amounts due from related parties	3,387,952		3,284,281		452,586
Financial investments	437,203		404,059		55,681
Equity investments	9,239		9,110		1,255
Property, equipment and software, net	78,678		78,358		10,798
Crypto assets	-		148,062		20,403
Deferred tax assets	77,463		1		-
Right-of-use assets	39,695		38,917		5,363
Total assets	12,982,696		13,273,959		1,829,200
Accounts payable	43,167		79,882		11,008
Amounts due to related parties	129,629		99,616		13,727
Guarantee liabilities-stand ready	606,886		809,726		111,583
Guarantee liabilities-contingent	578,797		756,699		104,276
Deferred revenue	9,479		482		66
Payable to investors at fair value	368,022		287,500		39,619
Accrued expenses and other liabilities	1,622,050		1,393,592		192,042
Deferred tax liabilities	41,471		54,897		7,565
Lease liabilities	40,765		37,808		5,210
Total liabilities	3,440,266		3,520,202		485,096
Ordinary shares	132		132		18
Additional paid-in capital	5,198,457		5,201,567		716,795
Treasury stock	(170,463)		(170,463)		(23,490)
Accumulated other comprehensive         income	79,268		40,903		5,637
Retained earnings	4,435,036		4,681,618		645,144
Total equity	9,542,430		9,753,757		1,344,104
Total liabilities and equity	12,982,696		13,273,959		1,829,200

 

Operating Highlights and Reconciliation of GAAP to Non-GAAP Measures
(in thousands, except for number of  borrowers, number of insurance clients, cumulative number of insurance clients and percentages)
	For the Three Months Ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		USD
Operating Highlights
Amount of loans facilitated	11,910,367		15,237,923		2,099,842
Number of borrowers	1,352,200		1,375,406		1,375,406
Remaining principal of performing loans	20,156,161		27,458,292		3,783,854
Cumulative number of insurance clients	1,343,660		1,590,394		1,590,394
Number of insurance clients	73,687		77,541		77,541
Gross written premiums	912,431		801,798		110,491
First year premium	514,141		412,497		56,844
Renewal premium	398,290		389,301		53,647
Segment Information
Financial services business:
Revenue	738,117		1,174,577		161,861
Sales and marketing expenses	251,922		260,903		35,953
Origination, servicing and other operating costs	85,787		140,623		19,378
Allowance for contract assets, receivables and others	101,127		152,112		20,962
Provision for contingent liabilities	67,258		410,763		56,605
Insurance brokerage business:
Revenue	124,926		71,460		9,847
Sales and marketing expenses	3,565		2,795		385
Origination, servicing and other operating costs	136,883		81,440		11,223
Allowance for contract assets, receivables and others	1,012		(578)		(80)
Consumption & lifestyle business and others:
Revenue	515,041		308,489		42,511
Sales and marketing expenses	21,736		13,254		1,826
Origination, servicing and other operating costs	10,600		2,675		369
Allowance for contract assets, receivables and others	9		(1,994)		(275)
Reconciliation of Adjusted EBITDA
Net income	485,883		247,506		34,107
Interest income, net	(27,713)		(24,206)		(3,336)
Income tax expense	131,779		26,346		3,631
Depreciation and amortization	1,892		2,297		317
Share-based compensation	1,207		2,187		301
Fair value adjustments related to crypto assets and financial investment *	(1,933)		70,824		9,760
Adjusted EBITDA	591,115		324,954		44,780
Adjusted EBITDA margin	42.9 %		20.9 %		20.9 %
*Due to the expansion of asset categories in which the Company has invested and the significant fluctuations in their fair value changes, adjustments for fair value changes relating to crypto assets and financial investments are hereby incorporated, and historical periods have been restated to enhance investors' comprehension of the Company's financial statements.

 

Delinquency Rates
		1-30 days		31-60 days		61-90 days
December 31, 2020		1.3 %		0.7 %		0.6 %
December 31, 2021		2.0 %		1.5 %		1.2 %
December 31, 2022		1.7 %		1.2 %		1.1 %
December 31, 2023		2.0 %		1.4 %		1.2 %
December 31, 2024		1.6 %		1.2 %		1.1 %
March 31, 2025		1.6 %		1.2 %		1.2 %

 

		30+ Days Delinquency Rates By Vintage*
Loan Issued Period		Month on Book
		2	4	6	8	10	12	14	16	18	20	22	24
2020Q1		0.8 %	2.0 %	3.4 %	4.5 %	5.4 %	5.9 %	6.5 %	6.8 %	7.1 %	7.5 %	8.1 %	8.5 %
2020Q2		0.6 %	2.0 %	3.3 %	4.5 %	5.3 %	6.0 %	6.4 %	6.9 %	7.4 %	8.0 %	8.6 %	8.8 %
2020Q3		1.3 %	2.8 %	4.3 %	5.4 %	6.3 %	6.9 %	7.5 %	8.2 %	8.9 %	9.3 %	9.5 %	9.5 %
2020Q4		0.3 %	1.4 %	2.4 %	3.4 %	4.3 %	5.4 %	6.4 %	7.3 %	7.7 %	8.0 %	8.2 %	8.3 %
2021Q1		0.5 %	1.8 %	3.0 %	4.2 %	5.3 %	6.3 %	7.1 %	7.3 %	7.5 %	7.7 %	7.8 %	7.9 %
2021Q2		0.5 %	2.1 %	3.8 %	5.5 %	6.8 %	7.5 %	7.7 %	7.9 %	8.1 %	8.3 %	8.2 %	8.2 %
2021Q3		0.6 %	2.5 %	4.2 %	5.4 %	6.1 %	6.5 %	6.7 %	6.9 %	6.9 %	6.9 %	6.9 %	6.8 %
2021Q4		0.8 %	2.7 %	4.1 %	4.9 %	5.4 %	5.8 %	5.8 %	5.8 %	5.7 %	5.6 %	5.6 %	5.5 %
2022Q1		0.7 %	2.1 %	3.2 %	4.0 %	4.6 %	4.8 %	4.7 %	4.6 %	4.6 %	4.5 %	4.5 %	4.4 %
2022Q2		0.5 %	1.8 %	2.9 %	3.8 %	4.3 %	4.5 %	4.4 %	4.3 %	4.3 %	4.2 %	4.2 %	4.1 %
2022Q3		0.6 %	2.2 %	3.5 %	4.3 %	4.8 %	5.0 %	5.0 %	4.9 %	4.9 %	4.8 %	4.7 %	4.7 %
2022Q4		0.7 %	2.5 %	3.9 %	4.9 %	5.6 %	5.9 %	5.8 %	5.8 %	5.7 %	5.6 %	5.5 %	5.4 %
2023Q1		0.6 %	2.4 %	4.0 %	5.2 %	5.9 %	6.2 %	6.1 %	6.0 %	5.9 %	5.8 %	5.7 %	5.7 %
2023Q2		0.7 %	3.0 %	4.9 %	6.3 %	7.0 %	7.3 %	7.2 %	7.0 %	6.9 %	6.8 %	6.6 %
2023Q3		0.9 %	3.7 %	5.8 %	7.1 %	7.9 %	8.1 %	8.0 %	7.9 %	7.7 %	7.5 %
2023Q4		0.8 %	3.6 %	5.8 %	7.0 %	7.6 %	7.8 %	7.7 %	7.6 %
2024Q1		0.7 %	3.2 %	5.0 %	6.1 %	6.7 %	7.0 %	7.2 %
2024Q2		0.6 %	2.5 %	4.2 %	5.3 %	6.1 %
2024Q3		0.6 %	2.3 %	3.8 %	4.8 %
2024Q4		0.7 %	2.4 %
2025Q1		0.6 %
*The 30+ days delinquency rate by vintage refers to the outstanding principal balance of loans facilitated over a specified period that are more than 30 days past due, as a percentage of the total loans facilitated during that same period. Loans originating outside mainland China are excluded from the calculation.

 

View original content:https://www.prnewswire.com/news-releases/yiren-digital-reports-first-quarter-2025-financial-results-302480094.html

SOURCE Yiren Digital

FAQ

What were Yiren Digital's (YRD) Q1 2025 financial results?

Yiren Digital reported Q1 2025 total revenue of RMB1.55 billion ($214.2M), up 13% YoY, while net income was RMB247.5 million ($34.1M), down from RMB485.9M in Q1 2024.

Why did YRD's net income decrease in Q1 2025?

The decrease was primarily due to higher provisions for risk-taking loans, declining insurance and lifestyle segment sales, increased R&D costs, and unrealized losses from fair value adjustments on invested assets.

Who is the new CFO of Yiren Digital (YRD)?

Ka Chun William Hui has been appointed as the new CFO effective June 30, 2025, replacing Yuning Feng who resigned for personal reasons.

What is Yiren Digital's (YRD) guidance for Q2 2025?

The company projects Q2 2025 total revenue to be between RMB1.6 billion to RMB1.7 billion, with a healthy net profit margin.

What was YRD's loan facilitation volume in Q1 2025?

Total loans facilitated reached RMB15.2 billion ($2.1 billion), representing a slight 1% decrease from Q4 2024 but an increase from Q1 2024.