NASDAQ : LX
LexinFintech Holdings Ltd. — Financial statements
Financials · Credit Services · China
Last price 0.6082 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 100.22M
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Financial statements
LexinFintech Holdings Ltd. (LX) reported revenue of 12.96B CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 3.69B | 3.59B | 3.20B | 3.39B | 3.90B | 4.42B |
| Other Revenue | 9.26B | 9.56B | 11.00B | 9.67B | 5.96B | 6.96B |
| Revenue | 12.96B | 13.15B | 14.20B | 13.06B | 9.87B | 11.38B |
| Cost of Revenue | 2.68B | 2.22B | 2.19B | 2.26B | 2.50B | 2.16B |
| Gross Profit | 3.94B | 5.08B | 5.74B | 5.14B | 3.50B | 6.28B |
| Selling, General & Admin | 2.09B | 2.28B | 2.16B | 2.12B | 2.12B | 2.13B |
| Research & Development | 576.98M | 595.32M | 578.24M | 513.28M | 583.26M | 549.29M |
| Other Operating Expenses | 630.65M | 614.36M | 718.41M | 629.31M | 465.19M | 531.24M |
| Operating Expenses | 3.30B | 3.49B | 3.46B | 3.26B | 3.17B | 3.21B |
| Operating Income | 642.84M | 1.59B | 2.29B | 1.88B | 334.45M | 3.07B |
| Interest Expense | -25.11M | -22.73M | -9.01M | -50.48M | -55.64M | -63.12M |
| Other Non Operating Income (Expenses) | 732.00M | 527.62M | -921.05M | -198.59M | 783.70M | -233.60M |
| EBT Excluding Unusual Items | 1.35B | 2.10B | 1.36B | 1.63B | 1.06B | 2.77B |
| Gain (Loss) on Sale of Investments | -12.72M | -21.90M | -2.42M | -303.24M | -33.94M | -4.16M |
| Pretax Income | 1.34B | 2.08B | 1.35B | 1.33B | 1.03B | 2.77B |
| Income Tax Expense | 298.90M | 398.53M | 253.28M | 260.84M | 202.64M | 435.42M |
| Earnings From Continuing Operations | 1.04B | 1.68B | 1.10B | 1.07B | 825.93M | 2.33B |
| Minority Interest in Earnings | -6.18M | -193.00K | ||||
| Net Income | 1.04B | 1.68B | 1.10B | 1.07B | 819.75M | 2.33B |
| Net Income to Common | 1.04B | 1.68B | 1.10B | 1.07B | 819.75M | 2.33B |
| Shares Outstanding (Basic) | 167.39M | 169.47M | 165.70M | 164.26M | 174.02M | 184.23M |
| Shares Outstanding (Diluted) | 171.54M | 177.54M | 169.63M | 179.91M | 196.38M | 207.50M |
| EPS (Basic) | 6.20 | 9.90 | 6.64 | 6.49 | 4.71 | 12.67 |
| EPS (Diluted) | 6.04 | 9.44 | 6.52 | 6.34 | 4.41 | 11.46 |
| Free Cash Flow | 3.26B | 834.40M | 2.59B | -91.54M | 2.55B | |
| Free Cash Flow Per Share | 18.37 | 4.92 | 14.38 | -0.47 | 12.27 | |
| Dividend Per Share | 1.28 | 2.67 | 1.33 | 1.29 | ||
| Gross Margin | 30.39% | 38.65% | 40.45% | 39.38% | 35.48% | 55.19% |
| Operating Margin | 4.96% | 12.11% | 16.10% | 14.39% | 3.39% | 26.98% |
| Profit Margin | 8.01% | 12.75% | 7.75% | 8.16% | 8.31% | 20.51% |
| Free Cash Flow Margin | 24.80% | 5.88% | 19.82% | -0.93% | 22.37% | |
| EBITDA | 745.97M | 1.70B | 2.40B | 1.98B | 429.39M | 3.16B |
| EBITDA Margin | 5.76% | 12.91% | 16.87% | 15.20% | 4.35% | 27.78% |
| D&A For EBITDA | 103.13M | 105.43M | 110.03M | 105.41M | 94.94M | 90.75M |
| EBIT | 642.84M | 1.59B | 2.29B | 1.88B | 334.45M | 3.07B |
| EBIT Margin | 4.96% | 12.11% | 16.10% | 14.39% | 3.39% | 26.98% |
| Effective Tax Rate | 22.36% | 19.20% | 18.71% | 19.66% | 19.70% | 15.72% |
| Revenue as Reported | 12.96B | 13.15B | 14.20B | 13.06B | 9.87B | 11.38B |
| Advertising Expenses | 1.16B | 1.02B | 990.00M | 873.00M | 990.00M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.23B | 2.16B | 2.25B | 2.62B | 1.49B | 2.66B |
| Short-Term Investments | 80.00M | 200.00M | 270.00M | |||
| Cash & Short-Term Investments | 1.23B | 2.16B | 2.33B | 2.82B | 1.76B | 2.66B |
| Accounts Receivable | 3.70B | 4.27B | 6.15B | 6.67B | 4.27B | 628.61M |
| Other Receivables | 132.32M | 84.53M | 61.72M | 6.99M | 6.60M | 6.34M |
| Receivables | 3.83B | 4.69B | 6.57B | 7.09B | 4.63B | 887.92M |
| Inventory | 26.32M | 83.31M | 85.54M | 100.83M | 109.88M | 81.79M |
| Finance Div. Loans and Leases | 4.75B | 5.45B | 4.67B | 3.94B | 6.40B | 8.31B |
| Prepaid Expenses | 4.32B | -1.00K | ||||
| Restricted Cash | 1.16B | 1.72B | 1.64B | 1.43B | 1.27B | 1.31B |
| Other Current Assets | 2.29B | 4.22B | 2.61B | 3.11B | 3.61B | 3.40B |
| Total Current Assets | 17.61B | 18.32B | 17.91B | 18.50B | 17.78B | 16.66B |
| Property, Plant & Equipment | 1.02B | 895.05M | 613.11M | 446.64M | 284.59M | 195.33M |
| Long-Term Investments | 243.96M | 243.97M | 284.20M | 255.00M | 348.38M | 469.06M |
| Other Intangible Assets | 811.27M | 828.47M | 862.87M | 897.27M | 931.67M | 966.07M |
| Finance Div. Loans and Leases Long-Term | 108.33M | 167.38M | 112.43M | 200.51M | 1.07B | 587.36M |
| Long-Term Accounts Receivable | 215.18M | 317.50M | 317.40M | 599.82M | ||
| Long-Term Deferred Tax Assets | 1.86B | 1.76B | 1.54B | 1.23B | 1.14B | 1.18B |
| Other Long-Term Assets | 513.18M | 627.18M | 601.22M | 1.01B | 1.22B | 976.13M |
| Total Assets | 22.38B | 23.16B | 22.24B | 23.14B | 22.77B | 21.03B |
| Accounts Payable | 148.16M | 101.18M | 74.44M | 49.80M | 25.97M | 15.71M |
| Accrued Expenses | 4.31B | 1.27B | 1.18B | 910.82M | 857.67M | 839.21M |
| Short-Term Debt | 1.84B | 3.35B | 3.45B | 3.99B | 1.17B | 1.80B |
| Current Portion of Long-Term Debt | 505.45M | 6.45B | 3.10B | |||
| Current Portion of Leases | 32.35M | 39.72M | 40.94M | 50.75M | 53.64M | |
| Current Income Taxes Payable | 1.01B | 1.04B | 869.53M | 746.56M | 975.40M | |
| Current Unearned Revenue | 1.56B | 1.86B | 1.08B | 1.57B | 925.97M | 456.46M |
| Other Current Liabilities | 580.24M | 2.06B | 2.74B | 4.39B | 2.26B | 2.95B |
| Total Current Liabilities | 8.44B | 9.68B | 9.60B | 12.32B | 12.48B | 10.19B |
| Long-Term Debt | 1.85B | 1.42B | 1.78B | 980.07M | 1.59B | 2.58B |
| Long-Term Leases | 10.55M | 50.70M | 137.39M | |||
| Long-Term Deferred Tax Liabilities | 81.40M | 105.21M | 91.38M | 75.34M | 52.56M | 54.34M |
| Other Long-Term Liabilities | 10.57M | 22.78M | ||||
| Total Liabilities | 10.38B | 11.21B | 11.50B | 13.43B | 14.12B | 12.96B |
| Common Stock | 225.00K | 250.00K | 246.00K | 240.00K | 238.00K | 237.00K |
| Additional Paid-In Capital | 3.14B | 3.40B | 3.31B | 3.20B | 3.08B | 2.92B |
| Retained Earnings | 9.16B | 9.08B | 7.78B | 6.85B | 5.92B | 5.10B |
| Treasury Stock | -269.85M | -493.85M | -328.76M | -328.76M | -328.76M | |
| Comprehensive Income & Other | -27.34M | -27.60M | -29.56M | -13.54M | -20.84M | 11.27M |
| Total Common Equity | 12.00B | 11.95B | 10.74B | 9.71B | 8.65B | 8.03B |
| Minority Interest | 40.19M | |||||
| Shareholders' Equity | 12.00B | 11.95B | 10.74B | 9.71B | 8.65B | 8.07B |
| Total Liabilities & Equity | 22.38B | 23.16B | 22.24B | 23.14B | 22.77B | 21.03B |
| Total Debt | 3.70B | 4.80B | 5.27B | 5.56B | 9.26B | 7.67B |
| Net Cash (Debt) | -2.47B | -2.64B | -2.93B | -2.74B | -7.49B | -5.01B |
| Net Cash Per Share | -14.37 | -14.87 | -17.29 | -15.22 | -38.15 | -24.13 |
| Filing Date Shares Outstanding | 165.15M | 164.79M | 168.26M | 164.41M | 163.03M | 184.39M |
| Total Common Shares Outstanding | 165.15M | 169.53M | 168.26M | 164.13M | 162.73M | 183.87M |
| Working Capital | 9.17B | 8.64B | 8.30B | 6.18B | 5.30B | 6.47B |
| Book Value Per Share | 72.67 | 70.51 | 63.83 | 59.16 | 53.15 | 43.66 |
| Tangible Book Value | 11.19B | 11.12B | 9.88B | 8.81B | 7.72B | 7.06B |
| Tangible Book Value Per Share | 67.76 | 65.62 | 58.70 | 53.69 | 47.42 | 38.41 |
| Machinery | 380.77M | 335.08M | 288.20M | 223.62M | 182.04M | |
| Construction In Progress | 773.29M | 480.11M | 295.28M | 149.78M | 59.44M | |
| Leasehold Improvements | 75.21M | 68.96M | 69.23M | 66.62M | 61.58M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.68B | 1.10B | 1.07B | 819.75M | 2.33B | |
| Depreciation & Amortization | 143.67M | 148.19M | 145.14M | 148.14M | 145.30M | |
| Other Amortization | 4.29M | 41.40M | 6.72M | 6.45M | ||
| Loss (Gain) From Sale of Assets | -8.24M | 2.97M | -2.53M | |||
| Asset Writedown & Restructuring Costs | -1.79M | |||||
| Loss (Gain) From Sale of Investments | 2.73M | 301.76M | 29.86M | 1.98M | ||
| Loss (Gain) on Equity Investments | 19.18M | 2.42M | 1.48M | 4.08M | 3.97M | |
| Stock-Based Compensation | 96.17M | 94.62M | 117.85M | 156.32M | 187.88M | |
| Provision & Write-off of Bad Debts | 614.36M | 718.41M | 629.31M | 465.19M | 531.24M | |
| Other Operating Activities | 2.46B | 4.33B | 3.38B | 813.33M | 672.60M | |
| Change in Accounts Receivable | 1.10B | 266.86M | -2.84B | -128.12M | -180.56M | |
| Change in Inventory | 1.57M | 8.01M | 20.91M | -5.63M | -692.00K | |
| Change in Accounts Payable | 26.73M | 24.64M | 23.83M | 12.76M | -27.26M | |
| Change in Unearned Revenue | 330.81M | -563.28M | 643.53M | 475.01M | -274.74M | |
| Change in Other Net Operating Assets | -3.88B | -5.91B | -1.34B | -3.18B | -1.02B | |
| Operating Cash Flow | 3.61B | 1.08B | 2.82B | 57.27M | 2.67B | |
| Capital Expenditures | -352.92M | -247.06M | -229.52M | -148.82M | -121.53M | |
| Cash Acquisitions | 7.96M | |||||
| Divestitures | 43.96M | |||||
| Investment in Securities | -36.06M | 4.00M | 26.88M | |||
| Other Investing Activities | 39.77M | 120.68M | 1.03B | 503.88M | 37.04M | |
| Investing Cash Flow | -2.61B | -904.88M | 2.33B | -2.41B | 414.62M | |
| Long-Term Debt Issued | 14.23B | 13.73B | 19.90B | 21.22B | 20.53B | |
| Long-Term Debt Repaid | -14.69B | -13.97B | -23.62B | -19.80B | -22.31B | |
| Net Debt Issued (Repaid) | -464.10M | -242.10M | -3.72B | 1.42B | -1.79B | |
| Issuance of Common Stock | 23.06M | 14.90M | 5.88M | 2.74M | 7.12M | |
| Repurchase of Common Stock | -202.13M | -326.94M | ||||
| Common Dividends Paid | -383.14M | -164.43M | -135.62M | |||
| Other Financing Activities | -4.65M | 4.35M | -30.52M | 53.99M | ||
| Financing Cash Flow | -1.03B | -387.28M | -3.88B | 1.15B | -1.78B | |
| Foreign Exchange Rate Adjustments | 481.00K | 1.08M | 3.91M | 9.89M | -23.59M | |
| Net Cash Flow | -27.71M | -209.62M | 1.27B | -1.19B | 1.28B | |
| Free Cash Flow | 3.26B | 834.40M | 2.59B | -91.54M | 2.55B | |
| Free Cash Flow Margin | 24.80% | 5.88% | 19.82% | -0.93% | 22.37% | |
| Free Cash Flow Per Share | 18.37 | 4.92 | 14.38 | -0.47 | 12.27 | |
| Levered Free Cash Flow | 442.01M | -149.65M | 4.54B | -2.11B | 2.72B | |
| Unlevered Free Cash Flow | 456.22M | -148.31M | 4.53B | -2.09B | 2.76B | |
| Cash Interest Paid | 57.98M | 45.16M | 86.41M | 80.41M | 96.84M | |
| Cash Income Tax Paid | 740.09M | 413.84M | 255.58M | 614.40M | 522.91M | |
| Change in Working Capital | -2.41B | -6.18B | -3.49B | -2.82B | -1.50B |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 100.22M | 550.22M | 953.59M | 299.97M | 350.34M | 702.68M |
| Enterprise Value | 463.20M | 912.10M | 1.30B | 871.63M | 1.40B | 1.51B |
| Last Close Price | 0.61 | 3.06 | 5.23 | 1.54 | 1.52 | 3.09 |
| PE Ratio | 0.68 | 2.29 | 6.33 | 2.00 | 2.95 | 1.91 |
| Forward PE | 8.91 | 2.43 | 5.11 | 1.47 | 1.77 | 1.85 |
| PS Ratio | 0.05 | 0.29 | 0.49 | 0.16 | 0.24 | 0.39 |
| PB Ratio | 0.06 | 0.32 | 0.65 | 0.22 | 0.28 | 0.55 |
| P/TBV Ratio | 0.06 | 0.35 | 0.70 | 0.24 | 0.31 | 0.63 |
| P/FCF Ratio | 0.20 | 1.18 | 8.34 | 0.82 | 1.75 | |
| P/OCF Ratio | 1.06 | 6.44 | 0.76 | 42.19 | 1.67 | |
| PEG Ratio | 0.04 | 0.04 | 0.04 | 0.02 | 0.03 | |
| EV/Sales Ratio | 0.24 | 0.48 | 0.67 | 0.47 | 0.98 | 0.84 |
| EV/EBITDA Ratio | 4.22 | 3.76 | 3.96 | 3.11 | 22.49 | 3.03 |
| EV/EBIT Ratio | 4.89 | 4.01 | 4.16 | 3.29 | 28.88 | 3.12 |
| EV/FCF Ratio | 0.94 | 1.96 | 11.39 | 2.39 | 3.76 | |
| Debt / Equity Ratio | 0.31 | 0.40 | 0.49 | 0.57 | 1.07 | 0.95 |
| Debt / EBITDA Ratio | 4.56 | 2.72 | 2.14 | 2.71 | 18.67 | 2.38 |
| Debt / FCF Ratio | 1.47 | 6.31 | 2.15 | 3.01 | ||
| Net Debt / Equity Ratio | 0.20 | 0.22 | 0.27 | 0.28 | 0.87 | 0.62 |
| Net Debt / EBITDA Ratio | 3.31 | 1.55 | 1.22 | 1.38 | 17.45 | 1.58 |
| Net Debt / FCF Ratio | 0.81 | 3.52 | 1.06 | -81.83 | 1.97 | |
| Asset Turnover | 0.58 | 0.58 | 0.63 | 0.57 | 0.45 | 0.55 |
| Inventory Turnover | 95.35 | 26.33 | 23.45 | 21.48 | 26.13 | 22.92 |
| Quick Ratio | 1.16 | 1.24 | 1.38 | 1.09 | 1.00 | 1.14 |
| Current Ratio | 2.09 | 1.89 | 1.86 | 1.50 | 1.43 | 1.64 |
| Return on Equity (ROE) | 8.79% | 14.78% | 10.76% | 11.61% | 9.88% | 34.33% |
| Return on Assets (ROA) | 1.79% | 4.38% | 6.30% | 5.12% | 0.95% | 9.28% |
| Return on Invested Capital (ROIC) | 3.44% | 9.11% | 14.23% | 10.56% | 1.84% | 19.62% |
| Return on Capital Employed (ROCE) | 4.60% | 11.80% | 18.10% | 17.40% | 3.30% | 28.30% |
| Earnings Yield | 146.30% | 43.58% | 15.81% | 50.11% | 33.92% | 52.29% |
| FCF Yield | 489.32% | 84.75% | 11.99% | 121.67% | -3.79% | 57.03% |
| Dividend Yield | 62.81% | 11.77% | 3.21% | 9.96% | ||
| Payout Ratio | 42.93% | 22.85% | 14.94% | 12.72% | ||
| Buyback Yield / Dilution | 2.42% | -4.67% | 5.71% | 8.39% | 5.36% | -0.92% |
| Total Shareholder Return | 65.23% | 7.10% | 8.92% | 18.34% | 5.36% | -0.92% |