Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Uxin Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2018
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
483
228
100
258
300
190
463
Cost of revenue
166
98.8
103
251
296
179
432
Gross profit
317
129
-2.49
7.53
3.71
11.2
30.9
Research and development
48
20.1
11.3
5.71
5.49
4.68
1.77
Selling and marketing
392
170
51.7
35
34.4
28
50
General and administrative
251
57.6
42.4
23.8
24
24.6
12.8
Operating expenses
691
314
119
64.5
65.9
56.9
64.5
Operating income
-374
-185
-84.3
-44
-52
-43.3
-24.8
Interest expense
16.1
14.6
6.5
3.09
8.67
13.5
Interest income
2.14
6.89
0.58
0.09
0.02
0.01
Pre-tax income
-222
-195
-112
-22.6
-21.4
-52
-37.5
Income tax
2.13
-0.37
0.01
0.04
0.05
0.04
0.01
Income from continuing operations
-190
-109
-22.6
-130
Net income to minority interests
-2.3
-0.21
-0
-0
0.39
Net income
-222
-285
-64.3
-22.6
-20
-51.6
-39.7
EBITDA
-361
-172
-77.3
-41.8
-50
-41.6
-23.4
EPS, basic
-0.73
-0.15
0.00
EPS, diluted
-0.73
-0.15
0.00
Shares, basic (weighted)
478
887
1,101
1,168
1,345
2,185
62,756
Shares, diluted (weighted)
478
887
1,331
1,355
1,345
2,185
62,756
Balance sheet
FY2018
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
117
68.5
29.4
20.2
13.5
3.23
11.9
Short-term investments
86.9
Receivables
7.52
6.4
0.38
0.13
0.12
0.29
0.66
Inventory
2.82
1.98
10.6
67.2
16.1
15.3
78
Other current assets
60.8
22.8
16.5
14.2
8.94
9.94
12.5
Total current assets
972
709
127
138
41
31.4
106
Property, plant and equipment
29
15.8
4.47
5.45
9.28
10.3
12.2
Lease right-of-use assets
6.51
7.15
4.67
12.3
23.3
38.7
Goodwill
16.1
1.37
Intangible assets
3.09
0.03
0
Long-term investments
51
39.1
44
45.6
42
38.7
Other non-current assets
5.5
3.79
0.04
Total assets
1,071
772
188
197
105
289
346
Accounts payable
22.8
18.3
15.4
14.6
11.7
11.2
9.3
Accrued liabilities
174
187
120
106
50.2
51.4
41.7
Deferred revenue
16.8
7.78
3.56
Short-term debt
91
36.8
2.91
40.4
Total current liabilities
650
429
175
205
87.9
123
140
Long-term debt
70.2
42.5
Lease liabilities
1.44
5.25
1.71
11.3
21.4
35.1
Total liabilities
725
705
493
353
189
309
331
Total debt
70.2
36.8
42.5
40.4
Paid-in capital
1,889
1,873
2,090
2,249
2,250
2,622
2,770
Retained earnings
-1,556
-1,816
-2,428
-2,532
-2,468
-2,684
-2,840
Other comprehensive income
12.5
9.78
33.2
45.5
32.1
31.2
33.6
Shareholders' equity
346
67.3
-305
-238
-185
-40.6
-33
Minority interests
-0.36
-0.58
-0.03
-0.03
-0.03
-0.03
Total equity
346
66.7
-305
-238
-185
-40.6
-33
Total liabilities and equity
1,071
772
188
197
105
289
346
Shares outstanding
881
888
Cash flow statement
FY2018
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-224
-285
-64.3
-22.6
-20
-51.2
-37.5
Depreciation and amortization
12.9
12.7
7.08
2.25
1.95
1.7
1.38
Stock-based compensation
153
14.4
-2.92
4.19
6.89
10.5
6.38
Deferred income tax
-0.16
-0.24
Change in inventory
8.53
0.8
-11.5
-58.7
47.6
-1.61
-52.1
Change in payables
95.3
96.8
-54.1
-42.1
-29.8
4.58
13.2
Cash from operations
-332
-171
-171
-133
-36.6
-36.3
-72.1
Capital expenditures
-19.5
-6.71
-0.06
-2.94
-4.83
-1.76
-3.07
Acquisitions
-9.67
Cash from investing
-215
-69.4
67.6
-2.65
-4.66
-1.57
-3.03
Debt issued
176
45.6
10.8
Debt repaid
-172
-9.3
-7.56
-2.77
-13.9
Stock issued
1.85
25.9
2.48
0.01
0
52.6
Cash from financing
623
10.6
19.9
121
34.9
28.4
83.2
Net change in cash
74.2
-230
-15.4
-6.26
-9.61
8.18
Free cash flow
-352
-178
-171
-136
-41.4
-38.1
-75.2
Interest paid
4.68
11.2
3.01
0.81
8.58
0.38
1.92
Income taxes paid
0.67
1.11
0
0.03
0.03
0.04
0.01
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $1.31 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
6.7%
Gross profit / revenue.
Operating margin
-5.4%
Operating income / revenue.
EBITDA margin
-5.1%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-8.1%
Pre-tax income / revenue.
Net margin
-8.6%
Net income / revenue.
FCF margin
-16.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-15.6%
Cash from operations / revenue.
Return on assets (ROA)
-11.5%
Net income / average total assets.
R&D / revenue
0.4%
Research and development expense / revenue.
Stock-based pay / revenue
1.4%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.7%
Capital expenditures / revenue.
D&A / revenue
0.3%
Depreciation and amortization / revenue.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.76x
Current assets / current liabilities.
Quick ratio
0.09x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.08x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.00
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.00
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.01
Revenue / diluted weighted shares.
FCF per share
-$0.00
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.00
Cash from operations / diluted weighted shares.
Book value per share
-$0.00
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.62x
Market cap / revenue.
EV/Sales
0.60x
Enterprise value / revenue.
FCF yield
-26.1%
Free cash flow / market cap.
Earnings yield
-13.8%
Net income / market cap (the inverse of P/E).
What was Uxin Ltd's revenue in fiscal 2025?
Uxin Ltd reported revenue of $463.3M for fiscal 2025, 143.3% higher than the year before.
Was Uxin Ltd profitable in fiscal 2025?
No. It reported a net loss of $39.7M.
How much free cash flow did Uxin Ltd generate in fiscal 2025?
Cash from operations of $72.1M minus capital expenditures of $3.1M left free cash flow of -$75.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.