X Financial (XYF)
NYSE:XYF
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X Financial
(NYSE:XYF)
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Rating:72Outperform
Price Target:
$5.50
▼(-23.29% Downside)
Action:ReiteratedDate:11/30/25
X Financial's strong financial performance and attractive valuation are significant positives, indicating robust profitability and potential undervaluation. However, bearish technical indicators and challenges highlighted in the earnings call, such as increased delinquency rates and sequential revenue decline, temper the overall outlook.
Positive Factors
Sustained Revenue Growth
Very strong multi-year revenue expansion (66.27% in the latest year) demonstrates durable platform demand and borrower adoption. Sustained top-line growth supports scale economics, recurring interest and fee income, and provides runway to invest in credit controls and product improvements over coming quarters.
Negative Factors
Rising Delinquency Rates
Increasing short- and mid‑term delinquency rates signal worsening credit performance that can materially raise provision needs and loss severity. Persistently higher delinquencies will pressure underwriting, require more conservative origination, and could reduce recoverable yields over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Very strong multi-year revenue expansion (66.27% in the latest year) demonstrates durable platform demand and borrower adoption. Sustained top-line growth supports scale economics, recurring interest and fee income, and provides runway to invest in credit controls and product improvements over coming quarters.
Read all positive factors
X Financial (XYF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$183.83M
Dividend Yield8.74%
Average Volume (3M)169.22K
Price to Earnings (P/E)0.2
Beta (1Y)0.71
Revenue Growth46.93%
EPS Growth52.53%
CountryUS
Employees563
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.20
Shares Outstanding25,942,728
10 Day Avg. Volume268,875
30 Day Avg. Volume169,223
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.42
Price to Sales (P/S)0.50
P/FCF Ratio1.94
Enterprise Value/Market Cap-8.28
Enterprise Value/Revenue-0.24
Enterprise Value/Gross Profit-0.48
Enterprise Value/Ebitda-0.52
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
X Financial Business Overview & Revenue Model
Company Description
X Financial provides personal finance services in the People's Republic of China. The company offers services as an online marketplace connecting borrowers and investors. Its loan products include Xiaoying credit loan, which consists of Xiaoying c...
How the Company Makes Money
X Financial generates revenue through various streams, primarily from interest income on loans issued to consumers. The company earns money by charging borrowers interest rates that are higher than the rates it pays to investors who fund those loa...
X Financial Earnings Call Summary
Earnings Call Date:Mar 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: the company delivered strong full-year revenue and origination growth, maintained liquidity and executed a sizable share repurchase, and reported improved per-ADS metrics and stable non-GAAP adjusted profitability. However, Q4 showed sharp declines in origination, revenue and profitability, materially higher delinquencies and credit provisions, and management highlighted significant regulatory uncertainty (including effective interest-rate/pricing caps and funding restrictions) that could materially affect future results. Management emphasized a deliberate shift to preservation of asset quality and liquidity, reflecting a cautious stance amid an uncertain regulatory and market environment.Positive Updates
Full-Year Revenue Growth
Total net revenue for fiscal 2025 was RMB 7.64 billion (USD 1.09 billion), up 30.1% year-over-year from RMB 5.87 billion in 2024, reflecting strong top-line growth for the year despite Q4 moderation.
Negative Updates
Significant Q4 Origination and Borrower Declines
In Q4 2025 the company facilitated and originated RMB 22.77 billion in loans, a 29.5% decline year-over-year and a 32.3% decline sequentially; active borrowers fell to ~1.69 million (down 20.2% YoY and 30.7% sequentially), and number of loans in the quarter was ~2.47 million, indicating a material moderation in activity.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue Growth
Total net revenue for fiscal 2025 was RMB 7.64 billion (USD 1.09 billion), up 30.1% year-over-year from RMB 5.87 billion in 2024, reflecting strong top-line growth for the year despite Q4 moderation.
Read all positive updates
Company Guidance
Management's guidance was cautious: given evolving regulation (Notice 9 effectively imposing ~24% annual borrowing-cost pressure and new payment-institution rating measures) they prioritized safeguarding portfolio quality, preserving liquidity, tightening underwriting, cutting marketing and discretionary spend, and maintaining operational discipline—even warning of limited visibility, potential materially adverse effects and the possibility of future operating losses. In support of that stance they intentionally moderated originations to RMB 22.77 billion in Q4 (‑29.5% YoY, ‑32.3% QoQ), served ~1.69 million active borrowers (‑20.2% YoY, ‑30.7% QoQ), facilitated ~2.47 million loans at an average of RMB 9,226, ended with RMB 50.5 billion outstanding (‑3.6% YoY), reported Q4 net revenue RMB 1.47 billion (USD 209.9m, ‑14.1% YoY, ‑25.1% QoQ), credit provisions RMB 669.3 million (USD 95.7m), income from operations RMB 20.2 million (USD 2.9m), net income RMB 57.2 million (USD 8.2m) with a 3.9% net margin and 2.9% ROE, full‑year revenue RMB 7.64 billion (USD 1.09b, +30.1% YoY) and net income RMB 1.46 billion, total assets RMB 14.67 billion, total equity RMB 7.84 billion, total cash including restricted ~RMB 2.13 billion (USD 305.1m), and about USD 46.15 million remaining under the USD 100 million buyback program.X Financial Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.40B | 5.87B | 3.28B | 2.32B | 1.51B | -61.50M |
| Gross Profit | 3.19B | 3.91B | 1.60B | 1.32B | 1.37B | -1.40B |
| EBITDA | 2.94B | 3.71B | 1.47B | 1.23B | 1.20B | -1.59B |
| Net Income | 1.79B | 1.54B | 1.19B | 812.00M | 825.41M | -1.31B |
Balance Sheet | ||||||
| Total Assets | 14.69B | 11.82B | 11.65B | 8.84B | 7.34B | 7.50B |
| Cash, Cash Equivalents and Short-Term Investments | 890.85M | 2.94B | 2.90B | 2.37B | 2.17B | 1.66B |
| Total Debt | 566.38M | 341.23M | 577.85M | 81.51M | 178.83M | 367.42M |
| Total Liabilities | 6.76B | 4.87B | 5.80B | 4.08B | 3.37B | 4.42B |
| Stockholders Equity | 7.93B | 6.95B | 5.85B | 4.75B | 3.98B | 3.07B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.51B | 805.67M | 316.65M | 446.55M | -684.60M |
| Operating Cash Flow | 0.00 | 1.52B | 814.14M | 322.70M | 449.17M | -679.23M |
| Investing Cash Flow | 0.00 | 122.03M | -1.11B | -913.39M | -2.35B | -3.70B |
| Financing Cash Flow | 0.00 | -1.94B | 1.23B | 576.35M | 1.30B | 4.49B |
X Financial Technical Analysis
Neutral
7.17
Price Trends
4.83
Negative
5.94
Negative
10.26
Negative
Market Momentum
-0.21
Negative
47.82
Neutral
73.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XYF, the sentiment is Neutral. The current price of 7.17 is above the 20-day moving average (MA) of 4.39, above the 50-day MA of 4.83, and below the 200-day MA of 10.26, indicating a neutral trend. The MACD of -0.21 indicates Negative momentum. The RSI at 47.82 is Neutral, neither overbought nor oversold. The STOCH value of 73.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for XYF.
X Financial Risk Analysis
X Financial disclosed 84 risk factors in its most recent earnings report. X Financial 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
X Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $148.62M | 28.48 | 0.54% | 10.37% | 10.48% | -30.67% | |
72 Outperform | $183.83M | 0.19 | 18.93% | 8.74% | 46.93% | 52.53% | |
69 Neutral | $375.23M | 2.38 | 14.37% | 8.86% | -0.60% | 135.15% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $747.89M | -193.38 | 10.79% | ― | 2.31% | -27.81% | |
49 Neutral | $906.50M | 7.20 | 20.59% | ― | 25.29% | 26.70% |
* Financial Sector Average
XYF
X Financial
4.40
-7.59
-63.30%
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LX
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X Financial Corporate Events
X Financial Reports Q3 2025 Financial Results with Increased Loan Activity
Nov 20, 2025
On November 20, 2025, X Financial reported its unaudited financial results for the third quarter ending September 30, 2025. The company experienced significant growth in its loan facilitation and origination, with a total loan amount of RMB33,641 ...
X Financial Announces Annual Shareholders Meeting for December 18, 2025
Nov 18, 2025
On November 18, 2025, X Financial announced it will hold its Annual Shareholders Meeting on December 18, 2025, in Shenzhen, China. The meeting will not include any proposals for shareholder approval but will serve as an open forum for shareholders...
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.