Qfin Holdings, Inc. (QFIN) SEC Filings & Earnings Calls
EquiReason read 16 Qfin Holdings, Inc. SEC filings in the last 12 months. Latest: 6-K on 2026-09-21 — CEO Haisheng Wu steps down to focus on international business; Yan Zheng appointed CEO and director. Wu remains with company. No financial guidance or metrics..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 641.3M
- P/E TTM
- —
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 18 Nov, in 25 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
21 Sep 20266-KCEO Haisheng Wu steps down to focus on international business; Yan Zheng appointed CEO and director. Wu remains with company. No financial guidance or metrics.open
Risks flagged
CEO succession with founder-like figure stepping down; new CEO has risk management background, may signal strategic shift
“CEO change; new CEO previously chief risk officer”
25 Aug 20266-KQfin Holdings reports Q2 2026 results: net revenue RMB3.57B (down 8.8% QoQ), net income RMB401M (down 54% QoQ), loan volume down 25% YoY. Declares semi-annual dividend.earningsopen
Figures in the filing · each found in the filing text
| 90 day+ delinquency rate · Q2-2026 | 2.8% | |
| Cumulative registered users · Q2-2026 | 301,800,000 | +9% y/y |
| Cumulative users with approved credit lines · Q2-2026 | 65,600,000 | +9% y/y |
| Repeat borrower contribution · Q2-2026 | 89.4% |
Risks flagged
Industry contraction and tighter regulatory oversight in China credit-tech sector.
“continued industry contraction, tighter regulatory oversight” · word for word
Industry-wide liquidity shock in late June 2026.
“a sudden industry-wide liquidity shock in late June” · word for word
Funding conditions and risk management likely to remain under pressure.
“funding conditions and risk management likely to remain under pressure” · word for word
27 May 20266-KQ1 2026 earnings: total net revenue RMB3,909.3M (down from RMB4,092.7M QoQ); net income RMB879.8M (down from RMB1,016.1M QoQ); loan volume down 26.8% YoY; regulatory tightening and industry adjustments cited.earningsopen
Figures in the filing · each found in the filing text
| 90 day+ delinquency rate · Q1-2026 | 3.5% | |
| Cumulative users with approved credit lines · Q1-2026 | 64,800,000 | +11% y/y |
| Repeat borrower contribution · Q1-2026 | 86.8% |
Risks flagged
Regulatory tightening in Chinese consumer finance industry continues to pressure loan volumes and profitability.
“the industry continued to undergo deep adjustments while regulations tightened further.” · word for word
Declining loan volume and outstanding balance indicate potential credit demand slowdown.
“Total facilitation and origination loan volume was RMB65,034 million, a decrease of 26.8% from RMB88,883 million in the same period of 2025.”
27 Apr 202620-FQfin Holdings reported FY2025 results with revenue growth but declining net income and rising delinquencies due to regulatory tightening.earningsopen
Figures in the filing · each found in the filing text
| 90 day+ delinquency rate · FY2025 | 2.7% | |
| Total net revenue · FY2025 | $19.21B | +12% y/y |
| Net income attributable to ordinary shareholders · FY2025 | $5.99B | -4% y/y |
| Provision for contingent liabilities · FY2025 | $1.67B | +249% y/y |
| Provision for loans receivable · FY2025 | $3.63B | +31% y/y |
| Income from operations · FY2025 | $6.68B | -11% y/y |
| Loans receivable, net · FY2025 | $34.68B | +30% y/y |
| Guarantee liabilities-stand ready · FY2025 | $2.31B | -3% y/y |
| Guarantee liabilities-contingent · FY2025 | $1.87B | +3% y/y |
| Dividend per ADS · FY2025 | $192M | +8% y/y |
Risks flagged
Regulatory pricing cap risk
“The Guidelines on the Management of Comprehensive Financing Costs of Micro-lending Companies were jointly promulgated by People's Bank of China and National Financial Regulatory Administration in December 2025, and issued to local financial regulatory authorities, directing micro-lending companies to gradually transition their loan pricing toward the Quadrup” · word for word
Delinquency deterioration risk
“As of December 31, 2023, 2024 and 2025, the 90 day+ delinquency rate for all loans facilitated through our platform, including those under credit-driven services and platform services, was 2.35%, 2.09% and 2.71%, respectively.” · word for word
Liquidity squeeze risk
“Since April 2025, PRC regulatory authorities have issued measures and policies on the consumer credit industry, including those imposing interest rate caps on certain internet consumer lending products. As a result, the consumer credit industry experienced a significant liquidity squeeze, particularly in the second half of 2025, leading to increased pressure” · word for word
Whitelist exclusion risk
“The Notice on Strengthening the Management of Internet Loan Facilitation Business of Commercial Banks and Improving the Quality and Efficiency of Financial Services was issued in April 2025, which officially introduced a 'whitelist' system for loan facilitation platforms. If we fail to be included or maintained on the whitelist of our partnering commercial b” · word for word
Strategic partnership termination risk
“The framework collaboration agreement with 360 Group was terminated in August 2025, and 360 Group ceased to be our affiliate in December 2025.” · word for word
18 Mar 20266-KQfin Holdings reports Q4/FY2025: Q4 revenue down 21.4% QoQ, net income down 29.1% QoQ; loan volume -21.8% YoY; raises semi-annual dividend. Macro uncertainties and regulatory changes causing industry-wide liquidity squeeze.earningsopen
Figures in the filing · each found in the filing text
| 90 day+ delinquency rate · total · Q4-2025 | 2.7% | |
| Cumulative Registered Users · total · Q4-2025 | 291,300,000 | +12% y/y |
Risks flagged
Industry-wide liquidity squeeze and elevated risk levels due to macro uncertainties and regulatory changes.
“We continued to face significant challenges in our operations as macro uncertainties and regulatory changes caused industry-wide liquidity squeeze and elevated risk levels.” · word for word
Loan volume decline of 21.8% YoY; capital-light model volume down 35.6%.
“Total facilitation and origination loan volume -21.8% YoY; capital-light model, ICE and total technology solutions -35.6%.”
19 Nov 20256-KQ3 2025 net revenue RMB5,205.7M (flat QoQ), net income RMB1,432.5M (down 17.2% QoQ). Management cites macro uncertainties and regulatory changes.earningsopen
Figures in the filing · each found in the filing text
| 90 day+ delinquency rate · Q3-2025 | 2.1% |
Risks flagged
Regulatory changes and macro uncertainties impacting operations
“continued to adjust our operations to cope with macro uncertainties and the latest regulatory changes” · word for word
Rising risk levels due to liquidity issues in high-risk segments
“further fluctuation in overall risk levels as liquidity issues in high-risk segments caused ripple effect” · word for word
Qfin Holdings, Inc. — questions
- What did Qfin Holdings, Inc. file recently?
- 16 SEC filings in the last 12 months. Latest: 6-K on 2026-09-21 — CEO Haisheng Wu steps down to focus on international business; Yan Zheng appointed CEO and director. Wu remains with company. No financial guidance or metrics.
Every figure on this page comes from Qfin Holdings, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.