J and Friends Holdings (JF) AI Stock Analysis

• Market Cap: $16.32M
• Dividend Yield: N/A
• Average Volume (3M): 1.21M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.03
• Revenue Growth: 9.45%
• EPS Growth: 71.81%
• Country: US
• Employees: 78
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): -0.04
• Shares Outstanding: 14,392,790
• 10 Day Avg. Volume: 126,488
• 30 Day Avg. Volume: 1,210,598
• PEG Ratio: <0.01
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.06
• P/FCF Ratio: -0.15
• Enterprise Value/Market Cap: -1.70
• Enterprise Value/Revenue: -0.78
• Enterprise Value/Gross Profit: -1.22
• Enterprise Value/Ebitda: 6.76
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $0.98 ▼(-5.34% Downside)

Score is held down primarily by weak financials—sharp multi-year revenue contraction, continued losses, negative equity, and renewed cash burn. Technicals provide a partial offset with strong recent momentum and price above major moving averages, but an elevated RSI suggests the move may be stretched. Valuation remains unattractive/indeterminate given negative earnings and no dividend support.

Positive Factors

Technological Advantage

Pintec's use of AI and big data analytics provides a competitive edge in delivering efficient and scalable financial solutions, enhancing its long-term market position in the fintech sector.

Strategic Partnerships

Strategic partnerships with financial institutions and e-commerce platforms enable Pintec to expand its reach and diversify its revenue streams, supporting sustainable growth in the fintech market.

Revenue Model

A revenue model based on service fees and commissions provides a steady income stream, allowing Pintec to capitalize on its technology platform and maintain financial stability over time.

Negative Factors

Declining Revenue

A significant decline in revenue growth indicates challenges in market demand or competitive pressures, which can undermine long-term business sustainability and growth prospects.

High Leverage

High leverage and negative equity pose solvency risks, limiting financial flexibility and potentially hindering the company's ability to invest in growth opportunities.

Negative Cash Flow

Negative cash flow from operations indicates inefficiencies in cash generation, which can strain resources and impact the company's ability to sustain operations and fund future growth.

J and Friends Holdings Business Overview & Revenue Model

Company Description

J and Friends Holdings Limited, together with its subsidiaries, engages in the provision of technology-enabled financial and digital services to the ecosystem of MSMEs and SMEs in the People's Republic of China and internationally. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end users. It also provides point-of-sale financing solutions to its business partners on their platforms or on its own platform under the Dumiao brand; and business installment loan solutions to its business partners on their platforms or on its own platform. In addition, the company offers wealth management solutions, including a fund distribution solution that enables partners to offer and distribute mutual fund products to their customers, either under its Hongdian brand or as a white label solution; and a robo-advisory solution under the Polaris brand which enables its financial and business partners to provide robo-advisory services to their customers. Further, the company provides international installment loan solutions; Myfin, an insurance solution, that enables its partners to offer and distribute insurance products to its users; value added tools to business and financial partners for deploying its solutions, monitor and evaluate performance, and scale their business; digital marketing tools to target users, implement intelligent digital marketing activities, and increase marketing efficiencies and effectiveness; and real time monitoring tools that offer comprehensive and visualized performance monitoring interface. The company was formerly known as Pintec Technology Holdings Limited and changed its name to J and Friends Holdings Limited in January 2026. J and Friends Holdings Limited was founded in 2012 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Pintec Technology Holdings generates revenue primarily through service fees and commissions from its various financial solutions. The company partners with financial institutions, e-commerce platforms, and other businesses to offer tailored financial products such as small and medium enterprise loans, personal loans, and investment products. These partnerships enable Pintec to earn commissions on transactions and service fees for the technology and platforms it provides. Additionally, Pintec may engage in strategic collaborations and joint ventures that contribute to its earnings by expanding its reach and product offerings in the fintech market.

J and Friends Holdings Financial Statement Overview

Summary

Financial profile is high risk: multi-year revenue collapse (1.29B in 2019 to 35.1M in 2024) and ongoing operating losses. 2024 shows improvement (net loss narrowed and gross margin rose to 63.5%), but stockholders’ equity remains deeply negative (-408.9M) and cash flow reverted to burn in 2024 (operating cash flow -14.9M; free cash flow -15.0M).

Income Statement

Revenue has contracted sharply over the past several years (down from 1.29B in 2019 to 35.1M in 2024), including a -16.9% decline in 2024. Profitability remains weak with ongoing losses, but 2024 shows a meaningful improvement versus 2023 (net loss narrowed to -15.5M from -78.8M) and gross margin improved materially (63.5% vs 27.6%). Despite the better gross profile, operating results are still negative, reflecting an unfinished turnaround.

Balance Sheet

The balance sheet is the key weak point: stockholders’ equity is deeply negative in every recent year shown (2024: -408.9M), which meaningfully reduces financial flexibility and raises refinancing/solvency risk. Total debt is currently modest (2024: 4.7M; 2023: 0), but the negative equity position dominates the credit picture and makes leverage ratios less informative. Total assets have also trended down substantially versus earlier years, underscoring a smaller operating base.

Cash Flow

Cash generation is volatile. 2024 returned to cash burn with operating cash flow of -14.9M and free cash flow of -15.0M after positive cash generation in 2023 (operating cash flow 8.6M; free cash flow 7.9M). While free cash flow has sometimes tracked net income closely (given both are often negative), the inconsistency year-to-year limits confidence in self-funding ability and increases reliance on external capital during downturns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.55M	35.14M	52.72M	74.57M	173.24M	378.26M
Gross Profit	22.74M	22.30M	14.53M	11.88M	83.52M	92.49M
EBITDA	-4.12M	-11.90M	-26.01M	-164.33M	-57.14M	-197.39M
Net Income	-11.90M	-15.45M	-78.76M	-190.18M	-101.73M	-293.94M
Balance Sheet
Total Assets	96.36M	103.44M	113.20M	528.87M	761.23M	978.50M
Cash, Cash Equivalents and Short-Term Investments	33.90M	26.95M	40.55M	250.73M	217.90M	395.73M
Total Debt	3.32M	4.68M	0.00	349.75M	400.03M	532.84M
Total Liabilities	496.51M	498.56M	493.08M	776.01M	826.26M	930.45M
Stockholders Equity	-414.05M	-408.87M	-392.95M	-402.05M	-224.93M	-118.94M
Cash Flow
Free Cash Flow	0.00	-14.99M	7.88M	-10.55M	-32.36M	-40.84M
Operating Cash Flow	0.00	-14.90M	8.61M	-10.52M	-32.18M	56.96M
Investing Cash Flow	0.00	-84.00K	35.27M	86.69M	-119.46M	192.62M
Financing Cash Flow	0.00	1.82M	-257.38M	-57.89M	-132.33M	-286.64M

J and Friends Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JF, the sentiment is Negative. The current price of 1.03 is above the 20-day moving average (MA) of 1.00, above the 50-day MA of 0.99, and above the 200-day MA of 0.96, indicating a bearish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 45.72 is Neutral, neither overbought nor oversold. The STOCH value of 17.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JF.

J and Friends Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YRD	73 Outperform	$342.17M	1.98	12.53%	10.37%	10.48%	-30.67%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JF	47 Neutral	$16.32M	-9.27	―	―	9.45%	71.81%
NISN	45 Neutral	$5.07M	-0.06	―	―	-12.05%	-87.87%
SNTG	43 Neutral	$6.31M	-3.54	-16.36%	―	-26.60%	15.28%
LMFA	42 Neutral	$5.79M	-0.18	-17.58%	―	-35.26%	53.23%
AIHS	39 Underperform	$5.56M	-0.43	―	―	-25.21%	24.90%