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QFIN Financials Qfin Holdings, Inc.

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 5.7% per year over the past 5 years.
  • Net income has grown faster than revenue (9.8% vs 5.7% per year).
  • Operating margin has expanded, at 34.8% in the latest year.
  • Free cash flow has grown 13.8% per year over the past 5 years.

Financial health

  • Total debt has grown faster than revenue (272.3% vs 5.7% per year).
Revenue & net income
$0 $1B $3B 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
0% 44% 88% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $775M $2B 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $519M $1B 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$2B -$143M $2B $0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2.7B $855M 84.4% 34.8% $1.6B $672M
2024 $2.4B $856M 83.1% 43.9% $1.3B $247M $610M
2023 $2.3B $601M 83.7% 29.8% $991M $91M $588M
2022 $2.4B $581M 85.7% 27.0% $855M $18M $1.0B
2021 $2.6B $905M 86.5% 40.8% $905M $960M
2020 $2.1B $536M 88.2% 27.9% $814M $677M
2019 $1.3B $359M 88.2% 31.4% $423M $303M
2018 $647M $174M 83.6% 37.0% $40M $210M

Valuation over time

How the market has priced QFIN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 8.6 17.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2.6 5.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is QFIN growing its revenue and profit?

Over the past 5 years, Qfin Holdings, Inc.'s revenue has grown 5.7% per year, and net income grown 9.8% per year. These are computed facts, not advice.

How much debt does QFIN have?

As of FY2025, Qfin Holdings, Inc. reported — of total debt against $672M of cash.

What is QFIN's profit margin?

In FY2025, gross margin was 84.4%, operating margin 34.8%, and net margin 31.1%.

What is QFIN's P/E ratio?

As of Jun '26, Qfin Holdings, Inc. traded at a price-to-earnings ratio of about 4.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.