Qfin Holdings, Inc.
- Open
- 13.07
- Day high
- 13.48
- Day low
- 13.05
- Prev close
- 13.07
- Volume
- 391K
- Mkt cap
- $1.6B
- P/E (TTM)
- 1.7
- EPS (TTM)
- $7.97
- P/B
- 0.5
- P/S
- 0.6
- Yield
- 11.49%
- Per share
- $1.53
- ▲Insiders net buying $58K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions reducing (13F)
Qfin Holdings, Inc. (QFIN) is a Financial Services company listed on NASDAQ. The stock is down 68% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
Qfin Holdings, Inc. (QFIN) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
QFIN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 27, 2026 | $0.96 | $1.04 | +8.3% | $567M | +18.8% |
| Mar 18, 2026 | $1.15 | $1.12 | -2.6% | $577M | -15.8% |
| Nov 18, 2025 | $1.68 | $1.52 | -9.5% | $731M | +10.0% |
| Aug 14, 2025 | $1.79 | $1.78 | -0.6% | $604M | -12.9% |
| May 19, 2025 | $1.72 | $1.74 | +1.2% | $557M | -13.4% |
| Mar 16, 2025 | $1.68 | $1.82 | +8.3% | $614M | +5.5% |
| Nov 19, 2024 | $1.39 | $1.74 | +25.2% | $623M | +5.1% |
| May 19, 2024 | $1.00 | $1.02 | +2.0% | $574M | -1.5% |
| Mar 12, 2024 | $0.96 | $0.96 | +0.0% | $635M | +5.8% |
| Nov 16, 2023 | $0.88 | $0.96 | +9.1% | $586M | -1.1% |
| Aug 21, 2023 | $0.97 | $0.92 | -5.2% | $540M | +24.7% |
| May 18, 2023 | $1.10 | $0.82 | -25.5% | $523M | -7.8% |
QFIN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 10, 2026 | Chen Xiaohuandirector | Buy | 4,000 | $14.41 |
| May 22, 2026 | Yan Zhengofficer: Chief Risk Officer | Grant | 287,744 | — |
| May 22, 2026 | Yan Zhengofficer: Chief Risk Officer | Grant | 6,720 | — |
| May 22, 2026 | Haisheng Wudirector, officer: Chief Executive Officer | Grant | 617,000 | — |
| May 22, 2026 | Haisheng Wudirector, officer: Chief Executive Officer | Grant | 34,058 | — |
| May 22, 2026 | Haisheng Wudirector, officer: Chief Executive Officer | Grant | 7,404 | — |
| May 22, 2026 | Zuoli Xudirector, officer: Chief Financial Officer | Grant | 53,952 | — |
| May 22, 2026 | Zuoli Xudirector, officer: Chief Financial Officer | Grant | 1,260 | — |
| Mar 31, 2026 | Chen Xiaohuandirector | Buy | 270 | $20.00 |
| Mar 31, 2026 | Chen Xiaohuandirector | Buy | 330 | $20.00 |
| Mar 31, 2026 | Chen Xiaohuandirector | Buy | 60,000 | $12.48 |
| Mar 31, 2026 | Chen Xiaohuandirector | Buy | 190,000 | $12.89 |
Source: QFIN SEC Form 4 filings, latest Jun 10, 2026. For informational purposes only — not investment advice.
See the full QFIN insider & 13F page →Qfin Holdings, Inc. company profile
Overview
Qifu Technology, Inc. (NASDAQ:QFIN) is a Chinese fintech company that operates a credit technology platform under the "360 Jietiao" brand. Founded in 2016 and headquartered in Shanghai, the company went public on NASDAQ in December 2018. Originally known as 360 DigiTech, Inc., the company rebranded to Qifu Technology in March 2023. Qifu has evolved from a traditional loan facilitator into a comprehensive credit-tech platform that connects borrowers with financial institutions across China, serving over 56 million users and partnering with more than 160 financial institutions as of 2024.
Business
Qifu Technology operates in China's digital lending and financial technology sector, providing credit-driven services and platform services that facilitate loans between borrowers and financial institutions. The company's core offering is its credit technology platform that uses artificial intelligence and big data analytics to assess creditworthiness, match borrowers with appropriate lenders, and manage the entire loan lifecycle. The company operates two primary business segments. The Credit-Driven Service (capital-heavy model) represents approximately 47% of loan volume, where Qifu takes on credit risk by either holding loans on its balance sheet or providing guarantees to funding partners. This segment generated RMB 2.89 billion in Q4 2024. The Platform Service (capital-light model) accounts for 53% of loan volume, where Qifu acts as a technology service provider and intermediary without taking credit risk, earning fees for loan facilitation, risk assessment, and post-loan services. This segment generated RMB 1.59 billion in Q4 2024. Qifu's platform serves three main customer categories: individual consumers seeking personal loans, small and micro enterprises (SMEs) needing working capital, and financial institutions requiring technology solutions. The company offers various loan products including consumer loans, e-commerce loans, enterprise loans, and invoice financing. Additionally, Qifu provides Intelligence Credit Engine (ICE) services and risk management software-as-a-service to financial institution partners, helping them improve their own lending capabilities and risk assessment processes.
Revenue model
Qifu generates revenue through multiple streams tied to its dual business model. In the Credit-Driven Service segment, the company earns interest income from loans held on its balance sheet and guarantee fees from loans where it provides credit enhancement to funding partners. This model typically yields higher margins but requires more capital and involves credit risk exposure. In the Platform Service segment, Qifu earns technology service fees, loan facilitation fees, and ongoing servicing fees without taking credit risk. The company charges financial institutions for access to its risk assessment technology, customer acquisition services, and loan management platform. This asset-light model generates lower per-transaction revenue but offers higher scalability and return on equity. The company's profitability is influenced by several key factors. Funding costs significantly impact margins, as Qifu must access capital markets and partner with financial institutions to fund loans. The company has been working to reduce funding costs through asset-backed securities (ABS) issuance and improved credit ratings. Credit quality and risk management directly affect profitability, as better risk assessment leads to lower default rates and provision expenses. Regulatory environment in China's financial sector can impact business operations, with recent supportive policies for consumer finance providing tailwinds. Macroeconomic conditions affect credit demand and borrower quality, with economic downturns potentially reducing loan volumes and increasing default rates. Competition from traditional banks, other fintech companies, and big tech platforms can pressure margins and customer acquisition costs.
Competitive moat
Qifu's competitive moat is moderately strong but faces ongoing challenges in China's competitive fintech landscape. The company's primary moat stems from its advanced AI and risk assessment capabilities, having developed over 2,400 models with 590,000 data dimensions for credit evaluation. This technological sophistication, built over years of operation and data accumulation, creates barriers for new entrants and provides superior risk-adjusted returns compared to traditional lending approaches. The company's extensive network effects with 162 financial institution partners and 56 million users create a valuable two-sided marketplace that becomes more valuable as it scales. Qifu's established relationships with a significant portion of China's financial institutions provide distribution advantages and make it costly for partners to switch to competitors. However, the moat faces several vulnerabilities. Regulatory risk remains significant in China's tightly controlled financial sector, where policy changes can rapidly alter competitive dynamics. Big tech competition from companies like Ant Group (Alipay) and Tencent, which have superior user bases and data access, poses a substantial threat. Traditional banks are increasingly developing their own digital lending capabilities, potentially reducing dependence on third-party platforms. The company's technology, while sophisticated, is not entirely proprietary and can be replicated by well-funded competitors over time. Additionally, Qifu's concentration in the Chinese market creates geographic risk, as economic or regulatory changes in China could significantly impact the entire business.
Risks & safety
The company demonstrates a strong margin of safety with robust financial metrics and conservative capital management. • Liquidity position: Strong with RMB 614 million in cash and short-term investments, current ratio of 2.45, and positive free cash flow of RMB 1.27 billion annually • Debt levels: Very low debt-to-equity ratio of 5.8%, indicating minimal financial leverage and solvency risk • Profitability: Highly profitable with 25.9% return on equity and strong cash generation capabilities • Valuation metrics: Attractive with P/E ratio of 3.3x, P/B ratio of 0.86x, and EV/EBITDA of 4.8x, suggesting significant undervaluation • Provision coverage: Conservative risk management with 617% provision coverage ratio, well above industry norms • Capital allocation: Aggressive shareholder returns with USD 410 million in share buybacks (12% of share count) in 2024 and plans for USD 450 million in 2025 • Business quality: Improving asset quality with 90-day delinquency rate of 2.09% and strong operational metrics
Recent development
Over the past few years, Qifu has undergone significant strategic transformation from a traditional loan facilitator to a comprehensive credit technology platform. The company has pivoted toward an "one core, two wings" strategy, with domestic credit business as the core and technology solutions plus international expansion as the wings. A major development has been the shift toward capital-light business models, with platform services now representing 53% of total loan volume compared to historical dominance of capital-heavy models. This transition improves return on equity and reduces capital requirements while maintaining revenue growth. Artificial intelligence integration has become a central focus, with the company developing over 2,400 AI models and planning to make one-third of core business processes AI-powered within 1-2 years. The company has launched an AI Copilot System for loan collection and risk assessment, achieving 97% speech recognition accuracy and 95% voice print recognition accuracy. The company has significantly expanded its embedded finance channels, which now contribute to user acquisition and loan origination through partnerships with e-commerce platforms and other service providers. This diversification reduces dependence on traditional marketing channels and improves customer acquisition costs. Funding strategy evolution includes increased use of asset-backed securities (ABS), with issuance growing 21.6% to RMB 15.2 billion in 2024, including the first domestic exchange-traded ABS with AAA international rating. The company has also been aggressively returning capital to shareholders, completing USD 410 million in share repurchases in 2024 while maintaining strong balance sheet metrics.
QFIN company profile · for informational purposes only — not investment advice.
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