QFIN PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

QFIN ▲ +5.21% at T+5d

SHORT call ✗ call lost -5.21% · α vs SPY -4.00% · entry $15.74 → $16.56

Next anchor: T+20d in 14d

Last close $14.27 (close Jun 8) · +9.34% from $15.74 entry (call sign-flipped)

Entry anchored
May 26, 04:25 PM ET
via Databento tick

T+1d

-2.35%

call +2.35% · α +2.90%

$15.37

settled 14d ago

T+5d

+5.21%

call -5.21% · α -4.00%

$16.56

settled 8d ago

T+20d

—

call — · α —

—

in 14d

T+60d

—

call — · α —

—

in 2mo

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Executive Summary

Qfin Holdings reported Q1 2026 GAAP EPS of RMB7.16 (US$1.04) on total net revenue of RMB3,909.3M (US$566.7M), down 16.7% YoY. Revenue and net income both declined sharply YoY, with loan facilitation volume falling 26.8%. The company guided Q2 2026 non-GAAP net income of RMB900-980M, representing a 47-51% YoY decline, reflecting persistent regulatory and macro headwinds.

Actionable Insight

The sharp YoY declines in revenue, net income, and loan volume, combined with guidance for another ~50% earnings drop, signal sustained regulatory and macro pressure. Monitor Q2 2026 actuals for delinquency trends and any stabilization in loan volumes; the convertible note repurchase provides some balance sheet support but does not offset fundamental deterioration.

Key Facts

Total net revenue RMB3,909.3M, down 16.7% YoY from RMB4,690.7M
GAAP net income RMB879.8M, down 51.0% YoY from RMB1,796.6M
Non-GAAP net income RMB945.9M, down 50.9% YoY from RMB1,926.2M
Loan facilitation volume RMB65,034M, down 26.8% YoY
Q2 2026 guidance: non-GAAP net income RMB900-980M, implying 47-51% YoY decline
Provision for loans receivable surged 50% YoY to RMB1,234.7M
Company repurchased ~US$577M of convertible notes for US$502M, reducing debt
90 day+ delinquency rate stable at 3.50% as of March 31, 2026

Financial Impact

Revenue declined 16.7% YoY; net income halved; guidance implies continued 50%+ earnings decline in Q2 2026

revenuenet incomeloan volumeprovision expenses

Risk Factors

Continued regulatory tightening in China's consumer credit market
Further loan volume contraction and asset quality deterioration
Potential for additional provision charges if delinquency rates rise
Macroeconomic weakness in China reducing consumer credit demand

Market Snapshot

Exchange

OTC

Sector

Finance Services

Analyst Consensus

89% bullish (19 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3301561

5 reports for QFIN

T+1T+5T+20T+60

Filters

Reports for QFIN — sortable, filterable
	Type				Now
May 26, 2026 14d ago	Press Release BEARISH ★ 7/10	$15.74 $16.56	▼ −5.21%	▼ −4.00%	$14.27 (+9.34%)
May 13, 2026 28d ago	Press Release NEUTRAL ★ 2/10	$13.97 $12.75	▼ −8.73%	▼ −7.58%	$14.27 (+2.15%)
Apr 27, 2026 6w ago	Press Release NEUTRAL ★ 2/10	$12.97 $13.38	▲ +3.16%	▲ +1.47%	$14.27 (+10.02%)
Apr 27, 2026 6w ago	Press Release NEUTRAL ★ 2/10	$12.97 $13.38	▲ +3.16%	▲ +1.47%	$14.27 (+10.02%)
Mar 5, 2026 13w ago	Press Release NEUTRAL ★ 3/10	$13.89 $13.11	▼ −5.64%	▼ −3.40%	$14.27 (+2.73%)

US Market Status

Market Closed — Opens in 3h 52m

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