Jun 2026 (Q2 FY26) — Aug 24, 2026
X Financial Q2 FY26 — Sequential Credit Improvement and Capital Preservation
Read the full callX Financial (XYF) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
X Financial earnings: last reported Mon, 24 Aug 2026, for the quarter ended Jun 2026.
Price
$5.1 +2.41% · +$0.12
Performance −60.9% 1Y
1Y: $13.04 on 17 Oct 2025 → $5.1. High $13.04 (17 Oct 2025), low $3.41 (26 Mar 2026).
- Previous close
- $4.98
- 52-week range
- $3.41 – $12.88
- One year
- −59.84%
Overview
- Symbol
- XYF
- Sector
- Financials
- Industry
- Finance Services
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 28, 2026
X Financial Q1 FY26 — Deliberate 58% origination pullback amid credit stress and PRC regulatory tightening
Read the full callEvery analysed call
X Financial earnings calls (XYF)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 93 | 188 | -2 | 127 | 235 | 379 | 572 | 784 |
| Total liabilities | 163 | 562 | 678 | 528 | 592 | 817 | 667 | 977 |
| Fixed assets | 3 | 3 | 2 | 1 | 1 | 1 | 2 | 3 |
| Investments | — | — | 1 | — | — | — | — | — |
| Total assets | 674 | 1,189 | 1,149 | 1,152 | 1,281 | 1,641 | 1,619 | 2,097 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1 | 86 | -104 | 70 | 47 | 115 | 209 | 210 |
| Cash from investing | 60 | -442 | -568 | -368 | -132 | -156 | 17 | -152 |
| Cash from financing | 26 | 389 | 688 | 204 | 84 | 173 | -265 | 11 |
| Net cash flow | 86 | 35 | 12 | -95 | 2 | 132 | -39 | 68 |
| Capital expenditure | -6 | -2 | -1 | -0 | -1 | -1 | -2 | -3 |
| Free cash flow | -5 | 84 | -105 | 70 | 46 | 113 | 207 | 207 |
XYF operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Loan origination volume | 14.63B CNYDuring the quarter, we facilitated and originated RMB 14.63 billion in loans, a decline of 58.4% year-over-year and 35.8% sequentially from the fourth quarter.Source: earnings call transcript | 11.63B CNYDuring the quarter, we facilitated and originated RMB 11.63 billion in loans, a decline of 70.2% year-over-year and 20.5% sequentially from the first quarter.Source: earnings call transcript | -20.5% |
| Active borrowers | ~956.52KWe served approximately 956,520 active borrowers, down 60.6% year-over-year and 43.5% from the prior quarter.Source: earnings call transcript | ~720.258KFrom a volume standpoint, we served approximately 720,258 active borrowers in the quarter, down 74.8% year-over-year and 24.7% from the prior quarter.Source: earnings call transcript | — |
| Loans facilitated | ~1.25MWe facilitated approximately 1.25 million loans during the period with an average loan size of RMB 11,741 per transaction.Source: earnings call transcript | ~910KWe facilitated approximately 0.91 million loans during the period.Source: earnings call transcript | — |
| Average loan size | 11.741K CNYWe facilitated approximately 1.25 million loans during the period with an average loan size of RMB 11,741 per transaction.Source: earnings call transcript | 12.712K CNYThe average loan amount per transaction rose to RMB 12,712, up 8.3% from the prior quarter and 21.3% year-over-year, reflecting a shift in transaction mix toward higher-quality borrowers.Source: earnings call transcript | +8.3% |
| Outstanding loan balance | 35.3B CNYOutstanding loan balance at the quarter end stood at RMB 35.3 billion, a decline of 39.6% from the same period of 2025.Source: earnings call transcript | 24.97B CNYOutstanding loan balance at the quarter end stood at RMB 24.97 billion, a decline of 61.5% from the same period of 2025 and 29.2% from the year of the first quarter -- from the end of the first quarter.Source: earnings call transcript | -29.3% |
| 31- to 60-day delinquency rate | 2.61%As of March 31, our 31- to 60-day delinquency rate was 2.61% compared with 2.9% at the end of Q4 2025 and 1.25% as of the same period of 2025.Source: earnings call transcript | 1.73%As of June 30, our 31- to 60-day delinquency rate was 1.73%, compared with 2.61% at the end of Q1 2026 and 1.16% as of the same period of 2025.Source: earnings call transcript | -0.9 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
5 filings between Jun 1, 2026 and Aug 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$942.3K
2 sales by 1 insider
Also filed: 3 conversions.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Wan Zheng | — | $942.3K | Jun 15, 2026 |
Latest filings (5)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 1, 2026 | Xue Zheng Director | Conversion | 90,000 | $0 |
| Aug 1, 2026 | ZHANG LONGGEN Director | Conversion | 90,000 | $0 |
| Jun 15, 2026 | Wan Zheng Director | Sale | 90,000 | $476.1K |
| Jun 15, 2026 | Wan Zheng Director | Sale | 90,000 | $466.2K |
| Jun 1, 2026 | Wan Zheng Director | Conversion | 90,000 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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