Operating Costs Surge, Qifu Technology's Net Profit Plummets in Q4 Last Year

MaticHoleFiller · 2026-03-25T12:34:24+00:00

Qifu Technology announced its 2025 financial results, with a full-year net revenue of 19.205 billion yuan, an increase of 11.88% year-over-year, but net profit decreased by 4.35%. The fourth quarter showed a significant decline, with both revenue and net profit decreasing compared to the same period last year. The company is facing macroeconomic uncertainties and is responding by strengthening risk management and adjusting its structure. The Chief Financial Officer stated that the company's financial foundation remains stable and supports its future goals.

MaticHoleFiller

2026-03-25 12:34:24

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Another Fintech Company Reports Annual Results! On March 18, Credit Technology Platform Qifu Technology, listed on both NASDAQ and the Hong Kong Stock Exchange, released its unaudited financial report for Q4 and the full year of 2025.

The financial report shows that Qifu Technology’s net revenue for 2025 was 19.205 billion yuan, an 11.88% increase year-over-year; net profit was 5.976 billion yuan, a 4.35% decrease year-over-year. For the full year, Qifu Technology facilitated loans totaling 327.07 billion yuan, up 1.6% year-over-year, with a repeat borrowing rate of 93.3%.

As of December 31, 2025, Qifu Technology’s outstanding loan balance was 126.01 billion yuan, down 8.8% from the previous quarter and 8% lower year-over-year. The company has served 167 financial institutions, with registered users reaching 290 million, an 11.5% increase. The total number of credit users increased to 63.6 million, up 11.8%, and the total number of borrowing users reached 38.9 million, a 13.0% increase.

Qifu Technology maintained steady performance throughout 2025, but quarterly results showed some contraction. In Q4 2025, revenue was 4.09 billion yuan, down 8.7% year-over-year; net profit was 1.016 billion yuan, down 46.8%; Non-GAAP net profit was 1.07 billion yuan, down 45.7%; and Non-GAAP diluted EPS was 8.23 yuan, a 39.8% decrease.

The financial report indicates that while Qifu Technology achieved double-digit growth in total revenue for 2025, a significant increase in loan loss provisions led to declines in operating income and net profit. Revenue in Q4 2025 slightly declined, but operating costs rose sharply, causing operating profit and net profit to nearly halve.

Wu Haisheng, CEO of Qifu Technology, stated that macroeconomic uncertainties in Q4 last year led to tighter industry liquidity and increased risks. The company responded by enhancing risk control, adjusting business and cost structures, and continuously expanding into overseas markets to diversify its business model. Going forward, the company will continue to strengthen the resilience of its core business.

CFO Xu Zuoli said that in Q4 last year, the company still achieved most of its operational financial goals. In 2025, operating cash flow, cash reserves, and shareholder returns remained solid, providing a strong financial foundation to support the company’s market challenges and strategic objectives.

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