NYSE : FINV
FinVolution Group — Financial statements
Financials · Credit Services · China
Last price 2.85 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 700.52M
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Financial statements
FinVolution Group (FINV) reported revenue of 13.16B 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 | 6.24B | 6.81B | 6.43B | 6.49B | 6.36B | 5.10B |
| Other Revenue | 6.92B | 6.80B | 6.65B | 6.11B | 4.92B | 4.44B |
| Revenue | 13.16B | 13.61B | 13.09B | 12.60B | 11.28B | 9.54B |
| Cost of Revenue | 3.92B | 3.54B | 2.70B | 2.70B | 2.45B | 2.22B |
| Gross Profit | 9.24B | 10.07B | 10.38B | 9.90B | 8.83B | 7.33B |
| Selling, General & Admin | 2.48B | 2.64B | 2.43B | 2.28B | 2.09B | 2.10B |
| Research & Development | 526.00M | 536.62M | 496.74M | 510.99M | 491.48M | 434.85M |
| Operating Expenses | 3.42B | 3.61B | 3.24B | 3.04B | 2.97B | 2.68B |
| Operating Income | 5.82B | 6.46B | 7.14B | 6.86B | 5.86B | 4.65B |
| Interest Expense | -100.46M | -65.39M | -19.37M | -53.11M | -146.31M | -73.85M |
| Other Non Operating Income (Expenses) | -3.32B | -3.25B | -4.28B | -4.03B | -2.97B | -1.93B |
| EBT Excluding Unusual Items | 2.40B | 3.15B | 2.85B | 2.78B | 2.74B | 2.64B |
| Impairment of Goodwill | -64.03M | -50.68M | ||||
| Gain (Loss) on Sale of Investments | 91.69M | |||||
| Pretax Income | 2.34B | 3.10B | 2.85B | 2.78B | 2.74B | 2.74B |
| Income Tax Expense | 433.12M | 556.24M | 457.40M | 395.10M | 454.77M | 240.82M |
| Earnings From Continuing Operations | 1.90B | 2.55B | 2.39B | 2.38B | 2.28B | 2.50B |
| Minority Interest in Earnings | 1.54M | -2.80M | -4.70M | -42.65M | -14.87M | 13.63M |
| Net Income | 1.91B | 2.54B | 2.38B | 2.34B | 2.27B | 2.51B |
| Net Income to Common | 1.91B | 2.54B | 2.38B | 2.34B | 2.27B | 2.51B |
| Shares Outstanding (Basic) | 243.37M | 251.97M | 257.57M | 274.94M | 282.53M | 284.17M |
| Shares Outstanding (Diluted) | 261.71M | 266.85M | 264.05M | 280.59M | 290.86M | 296.50M |
| EPS (Basic) | 7.83 | 10.09 | 9.25 | 8.51 | 8.02 | 8.83 |
| EPS (Diluted) | 7.43 | 9.59 | 9.05 | 8.35 | 7.80 | 8.45 |
| Free Cash Flow | 447.09M | 1.78B | 2.87B | 822.78M | 184.14M | 574.96M |
| Free Cash Flow Per Share | 1.71 | 6.68 | 10.85 | 2.93 | 0.63 | 1.94 |
| Dividend Per Share | 2.14 | 2.02 | 1.48 | |||
| Gross Margin | 70.22% | 74.00% | 79.35% | 78.59% | 78.24% | 76.78% |
| Operating Margin | 44.23% | 47.50% | 54.58% | 54.44% | 51.92% | 48.73% |
| Profit Margin | 14.48% | 18.68% | 18.21% | 18.58% | 20.09% | 26.29% |
| Free Cash Flow Margin | 3.40% | 13.11% | 21.90% | 6.53% | 1.63% | 6.02% |
| EBITDA | 5.89B | 6.53B | 7.21B | 6.88B | 5.88B | 4.69B |
| EBITDA Margin | 44.73% | 47.99% | 55.11% | 54.62% | 52.13% | 49.12% |
| D&A For EBITDA | 66.58M | 66.48M | 69.49M | 22.52M | 23.82M | 37.28M |
| EBIT | 5.82B | 6.46B | 7.14B | 6.86B | 5.86B | 4.65B |
| EBIT Margin | 44.23% | 47.50% | 54.58% | 54.44% | 51.92% | 48.73% |
| Effective Tax Rate | 18.53% | 17.94% | 16.08% | 14.22% | 16.62% | 8.80% |
| Revenue as Reported | 13.12B | 13.57B | 13.07B | 12.55B | 11.13B | 9.47B |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.26B | 4.29B | 4.67B | 4.97B | 3.64B | 4.42B |
| Short-Term Investments | 3.16B | 3.02B | 2.83B | 2.96B | 3.43B | 1.20B |
| Cash & Short-Term Investments | 6.42B | 7.30B | 7.51B | 7.93B | 7.06B | 5.62B |
| Accounts Receivable | 2.90B | 2.03B | 2.41B | 2.21B | 2.22B | 1.89B |
| Other Receivables | 36.73M | 17.71M | ||||
| Receivables | 9.49B | 8.54B | 6.58B | 3.34B | 4.35B | 3.87B |
| Prepaid Expenses | 1.48B | 17.21M | 12.42M | 8.86M | 18.35M | 33.71M |
| Restricted Cash | 1.63B | 1.91B | 2.07B | 1.80B | 2.84B | 4.07B |
| Other Current Assets | 1.42B | 2.08B | 2.58B | 4.93B | 4.45B | 2.61B |
| Total Current Assets | 20.45B | 19.84B | 18.75B | 18.00B | 18.73B | 16.22B |
| Property, Plant & Equipment | 665.70M | 209.52M | 176.80M | 179.04M | 333.77M | 161.53M |
| Long-Term Investments | 1.16B | 1.14B | 1.17B | 1.14B | 1.08B | 971.12M |
| Goodwill | 79.76M | 79.76M | 50.41M | 50.41M | 50.41M | 50.41M |
| Other Intangible Assets | 206.48M | 270.25M | 137.30M | 98.69M | 98.69M | 98.95M |
| Long-Term Deferred Tax Assets | 3.50B | 2.99B | 2.51B | 1.62B | 919.36M | 455.74M |
| Other Long-Term Assets | 393.48M | 317.57M | 205.54M | 169.33M | 183.30M | |
| Total Assets | 26.07B | 25.41B | 23.61B | 21.29B | 21.38B | 18.14B |
| Accrued Expenses | 1.86B | 1.15B | 953.63M | 745.01M | 778.47M | 583.50M |
| Short-Term Debt | 387.46M | 170.41M | 5.59M | 5.76M | ||
| Current Portion of Leases | 31.42M | |||||
| Current Income Taxes Payable | 477.07M | 177.06M | 705.93M | 207.48M | 134.03M | 200.65M |
| Total Current Liabilities | 2.73B | 1.53B | 1.67B | 958.25M | 912.50M | 784.15M |
| Long-Term Debt | 1.15B | 1.11B | ||||
| Long-Term Leases | 40.06M | 13.29M | 28.77M | 35.88M | 176.99M | 33.36M |
| Long-Term Unearned Revenue | 1.26B | 1.12B | 1.53B | 1.89B | 1.81B | 1.10B |
| Long-Term Deferred Tax Liabilities | 736.81M | 786.56M | 491.21M | 340.61M | 232.19M | 137.63M |
| Other Long-Term Liabilities | 3.42B | 4.01B | 4.34B | 4.20B | 5.81B | 5.38B |
| Total Liabilities | 9.33B | 8.57B | 8.05B | 7.42B | 8.94B | 7.43B |
| Common Stock | 103.00K | 103.00K | 103.00K | 103.00K | 103.00K | 103.00K |
| Additional Paid-In Capital | 5.99B | 5.91B | 5.82B | 5.75B | 5.69B | 5.69B |
| Retained Earnings | 13.44B | 13.09B | 11.06B | 9.12B | 7.20B | 5.30B |
| Treasury Stock | -2.83B | -2.47B | -1.77B | -1.20B | -568.60M | -324.17M |
| Comprehensive Income & Other | 32.87M | 13.03M | 92.63M | 80.01M | 52.24M | -16.77M |
| Total Common Equity | 16.63B | 16.55B | 15.20B | 13.75B | 12.37B | 10.66B |
| Minority Interest | 108.84M | 293.89M | 349.61M | 122.11M | 72.79M | 54.36M |
| Shareholders' Equity | 16.74B | 16.84B | 15.55B | 13.87B | 12.44B | 10.71B |
| Total Liabilities & Equity | 26.07B | 25.41B | 23.61B | 21.29B | 21.38B | 18.14B |
| Total Debt | 1.57B | 1.32B | 34.36M | 41.63M | 176.99M | 33.36M |
| Net Cash (Debt) | 4.85B | 5.98B | 7.47B | 7.89B | 6.89B | 5.59B |
| Net Cash Per Share | 18.52 | 22.40 | 28.29 | 28.11 | 23.68 | 18.85 |
| Filing Date Shares Outstanding | 235.93M | 253.25M | 253.25M | 259.85M | 280.12M | 285.20M |
| Total Common Shares Outstanding | 235.93M | 253.25M | 253.25M | 265.28M | 282.64M | 286.76M |
| Working Capital | 17.72B | 18.31B | 17.09B | 17.04B | 17.81B | 15.43B |
| Book Value Per Share | 70.49 | 65.35 | 60.04 | 51.83 | 43.77 | 37.16 |
| Tangible Book Value | 16.35B | 16.20B | 15.02B | 13.60B | 12.22B | 10.51B |
| Tangible Book Value Per Share | 69.28 | 63.97 | 59.29 | 51.27 | 43.24 | 36.64 |
| Buildings | 11.26M | |||||
| Machinery | 355.63M | 343.65M | 317.01M | 308.42M | 253.47M | |
| Leasehold Improvements | 9.62M | 33.71M | 33.89M | 32.42M | 39.27M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.91B | 2.54B | 2.38B | 2.34B | 2.28B | 2.51B |
| Depreciation & Amortization | 86.52M | 86.52M | 84.99M | 69.09M | 65.01M | 69.23M |
| Loss (Gain) From Sale of Assets | -1.34B | -1.34B | -853.78M | -1.05B | -1.17B | -1.22B |
| Asset Writedown & Restructuring Costs | 50.68M | 50.68M | 255.00K | |||
| Loss (Gain) From Sale of Investments | 47.97M | 47.97M | -53.34M | -31.74M | -2.92M | 7.67M |
| Stock-Based Compensation | 149.04M | 149.04M | 144.05M | 116.41M | 89.03M | 95.21M |
| Provision & Write-off of Bad Debts | 425.97M | 425.97M | 317.05M | 253.95M | 390.88M | 139.23M |
| Other Operating Activities | -238.73M | 460.80M | 384.82M | 397.02M | 176.31M | 45.51M |
| Change in Accounts Receivable | -47.28M | -47.28M | -514.39M | -245.04M | -717.48M | -1.17B |
| Change in Unearned Revenue | -406.90M | -406.90M | -361.01M | 76.87M | 712.33M | -164.90M |
| Change in Income Taxes | -527.54M | -527.54M | 499.09M | 73.45M | -66.62M | 46.25M |
| Change in Other Net Operating Assets | -30.01M | -30.01M | 1.26B | -630.88M | -1.56B | 157.08M |
| Operating Cash Flow | 531.28M | 1.87B | 2.89B | 1.36B | 236.92M | 630.23M |
| Capital Expenditures | -84.19M | -84.19M | -27.76M | -538.10M | -52.77M | -55.27M |
| Cash Acquisitions | -216.81M | -216.81M | 101.44M | |||
| Divestitures | -9.90M | -9.90M | -703.00K | 4.00M | ||
| Sale (Purchase) of Intangibles | -9.16M | -9.16M | ||||
| Investment in Securities | -199.63M | -199.63M | 146.45M | 438.69M | -2.24B | 826.50M |
| Other Investing Activities | 908.62M | -23.18M | -16.35M | -1.50M | ||
| Investing Cash Flow | -1.25B | -2.18B | -2.30B | 1.41B | -1.55B | 1.99B |
| Short-Term Debt Issued | 213.84M | 28.09M | 5.76M | |||
| Long-Term Debt Issued | 1.04B | |||||
| Total Debt Issued | 1.26B | 1.26B | 28.09M | 5.76M | ||
| Short-Term Debt Repaid | -42.09M | -28.26M | ||||
| Total Debt Repaid | -42.09M | -42.09M | -28.26M | |||
| Net Debt Issued (Repaid) | 1.22B | 1.22B | -168.00K | 5.76M | ||
| Issuance of Common Stock | 1.55B | 1.55B | 780.00M | 1.27B | 1.35B | 1.68B |
| Repurchase of Common Stock | -767.00M | -767.00M | -643.21M | -694.52M | -340.78M | -25.99M |
| Common Dividends Paid | -510.20M | -510.20M | -441.33M | -430.35M | -372.48M | -317.57M |
| Other Financing Activities | -2.84B | -1.69B | -318.01M | -2.66B | -1.40B | -1.57B |
| Financing Cash Flow | -1.35B | -194.70M | -622.72M | -2.51B | -763.94M | -239.80M |
| Foreign Exchange Rate Adjustments | -107.76M | -38.31M | 3.05M | 22.44M | 67.80M | -10.13M |
| Net Cash Flow | -2.18B | -549.10M | -22.32M | 290.30M | -2.01B | 2.38B |
| Free Cash Flow | 447.09M | 1.78B | 2.87B | 822.78M | 184.14M | 574.96M |
| Free Cash Flow Margin | 3.40% | 13.11% | 21.90% | 6.53% | 1.63% | 6.02% |
| Free Cash Flow Per Share | 1.71 | 6.68 | 10.85 | 2.93 | 0.63 | 1.94 |
| Levered Free Cash Flow | 2.68B | 2.52B | 4.18B | 5.42B | 2.64B | 1.37B |
| Unlevered Free Cash Flow | 2.74B | 2.56B | 4.19B | 5.45B | 2.73B | 1.42B |
| Cash Interest Paid | 45.77M | 45.77M | 38.31M | 87.10M | 83.41M | 161.43M |
| Cash Income Tax Paid | 1.35B | 1.35B | 673.74M | 960.48M | 963.25M | 574.94M |
| Change in Working Capital | -1.20B | -1.20B | 166.21M | -1.32B | -2.00B | -1.39B |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 722.64M | 1.32B | 1.76B | 1.37B | 1.41B | 1.40B |
| Enterprise Value | 9.11M | 540.39M | 541.40M | 244.13M | 692.89M | 619.81M |
| Last Close Price | 2.83 | 4.94 | 6.19 | 4.28 | 4.12 | 3.89 |
| PE Ratio | 2.69 | 3.64 | 5.40 | 4.16 | 4.30 | 3.54 |
| Forward PE | 3.54 | 4.06 | 4.70 | 3.61 | 3.73 | 3.77 |
| PS Ratio | 0.38 | 0.68 | 0.98 | 0.77 | 0.86 | 0.93 |
| PB Ratio | 0.27 | 0.55 | 0.83 | 0.70 | 0.78 | 0.83 |
| P/TBV Ratio | 0.30 | 0.57 | 0.86 | 0.72 | 0.80 | 0.84 |
| P/FCF Ratio | 10.85 | 5.19 | 4.49 | 11.83 | 52.98 | 15.44 |
| P/OCF Ratio | 9.13 | 4.96 | 4.45 | 7.15 | 41.18 | 14.08 |
| PEG Ratio | 0.33 | 0.33 | 0.33 | 0.33 | 0.41 | |
| EV/Sales Ratio | 0.01 | 0.28 | 0.30 | 0.14 | 0.42 | 0.41 |
| EV/EBITDA Ratio | 0.02 | 0.58 | 0.55 | 0.25 | 0.81 | 0.84 |
| EV/EBIT Ratio | 0.02 | 0.58 | 0.55 | 0.25 | 0.82 | 0.85 |
| EV/FCF Ratio | 0.23 | 2.12 | 1.38 | 2.10 | 25.95 | 6.85 |
| Debt / Equity Ratio | 0.09 | 0.08 | 0.00 | 0.00 | 0.01 | 0.00 |
| Debt / EBITDA Ratio | 0.27 | 0.20 | 0.00 | 0.01 | 0.03 | 0.01 |
| Debt / FCF Ratio | 3.52 | 0.74 | 0.01 | 0.05 | 0.96 | 0.06 |
| Net Debt / Equity Ratio | -0.29 | -0.35 | -0.48 | -0.57 | -0.55 | -0.52 |
| Net Debt / EBITDA Ratio | -0.82 | -0.92 | -1.04 | -1.15 | -1.17 | -1.19 |
| Net Debt / FCF Ratio | -10.84 | -3.35 | -2.61 | -9.59 | -37.40 | -9.72 |
| Asset Turnover | 0.51 | 0.56 | 0.58 | 0.59 | 0.57 | 0.58 |
| Quick Ratio | 3.42 | 6.11 | 5.96 | 10.58 | 10.17 | 9.58 |
| Current Ratio | 7.50 | 12.94 | 11.26 | 18.79 | 20.52 | 20.68 |
| Return on Equity (ROE) | 11.58% | 15.71% | 16.23% | 18.12% | 19.71% | 26.07% |
| Return on Assets (ROA) | 14.07% | 16.48% | 19.88% | 20.09% | 18.52% | 17.61% |
| Return on Invested Capital (ROIC) | 42.19% | 55.98% | 85.23% | 101.98% | 91.47% | 94.36% |
| Return on Capital Employed (ROCE) | 24.90% | 27.10% | 32.50% | 33.70% | 28.60% | 26.80% |
| Earnings Yield | 37.19% | 27.47% | 18.50% | 24.05% | 23.23% | 28.27% |
| FCF Yield | 9.22% | 19.27% | 22.25% | 8.45% | 1.89% | 6.48% |
| Dividend Yield | 10.41% | 5.86% | 3.97% | 4.29% | ||
| Payout Ratio | 26.16% | 20.07% | 18.52% | 18.38% | 16.43% | 12.66% |
| Buyback Yield / Dilution | 0.19% | -1.06% | 5.90% | 3.53% | 1.90% | 0.59% |
| Total Shareholder Return | 10.46% | 4.80% | 9.87% | 3.53% | 6.19% | 0.59% |