Qudian Inc. ( (QD) ) has released its Q3 earnings. Here is a breakdown of the information Qudian Inc. presented to its investors.
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Qudian Inc. is a consumer-oriented technology company based in China, focusing on leveraging its technological capabilities to explore innovative business opportunities. In its third-quarter 2025 earnings report, Qudian Inc. announced a significant increase in net income despite a sharp decline in total revenues compared to the same period last year. The company reported total revenues of RMB8.5 million, a steep drop from RMB55.0 million in the third quarter of 2024, primarily due to the winding down of its last-mile delivery business. However, net income attributable to shareholders soared to RMB409.9 million, up from RMB131.9 million in the previous year, driven by increased interest and investment income and gains on derivative instruments.
Key financial metrics highlighted in the report include a decrease in operating costs and expenses by 2.3% to RMB119.1 million, and a significant reduction in the cost of revenues by 86.6% due to the scaling down of the last-mile delivery business. On the other hand, general and administrative expenses rose by 41.1%, attributed to higher depreciation and property tax expenses following the completion of the company’s headquarters. The company also noted a substantial increase in interest and investment income by 84.5% and a gain on derivative instruments by 144.4%, contributing to the overall net income growth.
Qudian’s cash flow remained robust, with cash and cash equivalents totaling RMB7,010.6 million as of September 30, 2025. The company generated net cash from operating activities amounting to RMB384.0 million, primarily from interest and investment income. Additionally, the company continued its share repurchase program, purchasing 26.3 million ADSs for approximately US$71.1 million since June 2024.
Looking ahead, Qudian Inc. remains committed to navigating market dynamics and capitalizing on new business opportunities to build long-term value for its shareholders. The company aims to maintain a healthy balance sheet through efficient cash management and strategic business transitions.