Qifu Technology, Inc (QFIN)
NASDAQ:QFIN
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Qifu Technology
(NASDAQ:QFIN)
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Rating:80Outperform
Price Target:
$19.50
▲(38.00% Upside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by exceptionally attractive valuation (very low P/E and high dividend yield) and strong underlying financial quality (profitability and cash generation). These positives are tempered by cautious earnings guidance and near-term profitability/volume pressure from the latest call, plus a mixed technical backdrop with the stock still below its 200-day moving average.
Positive Factors
Strong free cash flow generation
Consistent operating and free cash flow close to reported earnings provide durable financial flexibility. This supports investment in technology, buffer for regulatory cycles, and capital actions without relying on volatile external funding, enhancing long-term resilience.
Negative Factors
Declining origination volume
A tangible sequential drop in origination volume signals weaker end-market demand and limits fee generation from originations. If the soft retail credit market persists, platform throughput and service revenue could remain constrained, pressuring sustainable top-line growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistent operating and free cash flow close to reported earnings provide durable financial flexibility. This supports investment in technology, buffer for regulatory cycles, and capital actions without relying on volatile external funding, enhancing long-term resilience.
Read all positive factors
Qifu Technology (QFIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.85B
Dividend Yield7.3%
Average Volume (3M)1.47M
Price to Earnings (P/E)1.4
Beta (1Y)1.37
Revenue Growth5.63%
EPS Growth-16.83%
CountryUS
Employees3,527
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)52.24
Shares Outstanding141,509,640
10 Day Avg. Volume2,227,432
30 Day Avg. Volume1,474,213
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.37
Price to Sales (P/S)0.48
P/FCF Ratio0.83
Enterprise Value/Market Cap4.03
Enterprise Value/Revenue0.42
Enterprise Value/Gross Profit0.57
Enterprise Value/Ebitda0.93
Forecast
1Y Price Target
$17.35Price Target Upside22.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)27.92
Revenue Forecast (FY)$14.51B
Qifu Technology Business Overview & Revenue Model
Company Description
Qifu Technology, Inc., together with its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. The company provides credit-driven services that matches borrowers with financial institutions to c...
How the Company Makes Money
Qifu Technology makes money primarily by providing credit-tech services to financial institution partners (e.g., banks and other licensed financial institutions) that fund loans to consumers sourced through Qifu’s platform. Its revenue model gener...
Qifu Technology Earnings Call Summary
Earnings Call Date:May 26, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 13, 2026
Earnings Call Sentiment Neutral
The call reflects a balanced message: management reported meaningful improvements in risk metrics, collection efficiency, tech-driven growth (notably 7x YoY in tech-solutions loan volume), funding optimization and active capital management, but these operational gains were accompanied by notable declines in revenue, origination volume, margins, and profitability. Management reiterated a conservative posture given regulatory and macro uncertainty and guided materially lower YoY profit for Q2.Positive Updates
Improved Risk Metrics and Portfolio Health
Multiple leading and portfolio risk indicators improved in Q1: FPD7 for new loans declined ~20% sequentially versus Q4; FPD7 for loans issued Jan–Mar fell ~5% vs December; FPD30+ declined ~22% in Q1 vs Q4. The C2M2 outstanding delinquency rate decreased ~17% sequentially to 0.8% and by March had returned to levels seen in July–August 2025.
Negative Updates
Decline in Origination and Total Loan Volume
Total loan facilitation and origination volume on the platform declined ~7.5% sequentially to RMB65 billion amid a soft retail credit market and industry adjustments. Household short-term consumer loan balances in the industry fell ~RMB470 billion (5%) sequentially, reflecting weak demand.
Read all updates
Q1-2026 Updates
Positive
Negative
Improved Risk Metrics and Portfolio Health
Multiple leading and portfolio risk indicators improved in Q1: FPD7 for new loans declined ~20% sequentially versus Q4; FPD7 for loans issued Jan–Mar fell ~5% vs December; FPD30+ declined ~22% in Q1 vs Q4. The C2M2 outstanding delinquency rate decreased ~17% sequentially to 0.8% and by March had returned to levels seen in July–August 2025.
Read all positive updates
Company Guidance
Qifu guided Q2 non‑GAAP net income of RMB900–980 million (down ~47–51% YoY), signaling a cautious plan amid continued macro and regulatory uncertainty; this follows Q1 non‑GAAP net income of ~RMB946M, Q1 revenue of RMB3.91B, and Q1 loan facilitation/origination of RMB65B (–7.5% QoQ) with average IRR 18.7% (vs 19.5% in Q4). Management emphasized prioritizing risk control, efficiency and cost cutting while pointing to improving risk metrics — FPD7 down ~20% QoQ, FPD30+ down ~22% QoQ, C2M2 0.8% (–17% QoQ), 30‑day collection rate 85.8% (+1.8 ppt QoQ), day‑1 delinquency 5.7% (vs 6.1%), 90‑day delinquency 3.5%, new provisions RMB1.68B (vs RMB1.92B), provision coverage 391% and leverage 2.4x — and to funding stability with ABS issuance of RMB2.9B (+16% QoQ), funding cost down ~10 bps QoQ and cash/short‑term investments of RMB10.79B.Qifu Technology Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
86
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.68B | 17.17B | 16.29B | 16.55B | 16.64B |
| Gross Profit | 15.23B | 10.60B | 10.45B | 11.70B | 12.84B |
| EBITDA | 7.18B | 8.08B | 7.98B | 8.92B | 9.93B |
| Net Income | 5.80B | 6.26B | 4.29B | 4.02B | 5.78B |
Balance Sheet | |||||
| Total Assets | 56.95B | 48.13B | 45.82B | 40.34B | 33.50B |
| Cash, Cash Equivalents and Short-Term Investments | 7.55B | 7.85B | 4.19B | 7.22B | 6.12B |
| Total Debt | 3.82B | 1.40B | 827.73M | 180.70M | 423.36M |
| Total Liabilities | 32.79B | 23.89B | 23.81B | 21.41B | 18.29B |
| Stockholders Equity | 24.11B | 24.19B | 21.94B | 18.85B | 15.20B |
Cash Flow | |||||
| Free Cash Flow | 10.84B | 9.19B | 7.03B | 5.90B | 5.76B |
| Operating Cash Flow | 11.08B | 9.34B | 7.12B | 5.92B | 5.79B |
| Investing Cash Flow | -13.08B | -7.99B | -11.15B | -7.36B | -6.06B |
| Financing Cash Flow | 2.78B | -2.11B | 1.07B | 3.20B | 2.26B |
Qifu Technology Technical Analysis
Positive
14.13
Price Trends
13.08
Positive
13.87
Positive
18.59
Negative
Market Momentum
0.63
Negative
71.41
Negative
88.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QFIN, the sentiment is Positive. The current price of 14.13 is above the 20-day moving average (MA) of 13.58, above the 50-day MA of 13.08, and below the 200-day MA of 18.59, indicating a neutral trend. The MACD of 0.63 indicates Negative momentum. The RSI at 71.41 is Negative, neither overbought nor oversold. The STOCH value of 88.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QFIN.
Qifu Technology Risk Analysis
Qifu Technology disclosed 88 risk factors in its most recent earnings report. Qifu Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Qifu Technology Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.28B | 3.90 | 13.57% | 5.20% | 0.84% | -12.02% | |
80 Outperform | $1.85B | 1.38 | 20.86% | 7.30% | 5.63% | -16.83% | |
76 Outperform | $370.18M | 1.71 | 12.17% | 8.86% | -3.40% | 8.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $118.78M | 7.49 | 0.54% | 10.37% | -1.41% | -98.13% | |
| ― | $2.33B | -2.38 | -2.37% | ― | ― | ― |
* Financial Sector Average
QFIN
Qifu Technology
16.91
-20.75
-55.09%
YRD
Yiren Digital
1.34
-4.66
-77.67%
FINV
FinVolution Group
5.32
-2.62
-33.01%
LX
Lexinfintech Holdings
2.20
-4.27
-66.00%
LU
Lufax Holding
1.66
-1.23
-42.56%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.