X Financial (XYF)
X Financial reported revenue of $1.1B in fiscal 2025, up 35.8% from a year earlier. Net income was $209.4M, a net margin of 19.2%. Operating cash flow minus capital spending left $206.7M of free cash flow in fiscal 2025. At December 31, 2025 it held $141.2M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 30, 2026.
Key facts about X Financial
- Net worth
- X Financial has a market value (market cap) of $304.6M at the latest share price, and shareholders' equity of $1.1B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.1B (+35.8% year on year), with net income of $209.4M.
- Cash flow
- In fiscal 2025 operations brought in $209.9M of cash; after $3.1M of capital spending, free cash flow was $206.7M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 30, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
- Dividend
- X Financial declared dividends of $0.09 per share in fiscal 2025.
What X Financial does
X Financial is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NYSE under the ticker XYF.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.1B | $209.4M | $0.84 | $206.7M |
| 2024 | $804.4M | $211M | $0.72 | $206.8M |
| 2023 | $678.2M | $167.2M | $0.57 | $113.5M |
| 2022 | $516.6M | $117.7M | $0.37 | $45.9M |
| 2021 | $569.1M | $129.5M | $0.38 | $70.1M |
| 2020 | $336.1M | -$200.5M | -$0.62 | -$104.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where XYF ranks in Finance
Dividends
X Financial declared $0.09 per share in fiscal 2025. It paid out $22.1M in cash dividends, 11% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.09 | $22.1M | 11% |
| 2024 | $0.03 | $16M | 8% |
| 2023 | $0.06 | $8.2M | 5% |
| 2019 | n/a | $14.8M | 13% |
Latest SEC filings
What X Financial has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Activist stake (5% or more) SCHEDULE 13D
- November 6, 2026
- August 24, 2026
- June 17, 2026
- May 27, 2026
- May 1, 2026Passive stake changed SCHEDULE 13G/A
- April 30, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 36% to $1.1B versus the prior year; diluted EPS $0.84 versus $0.72.
- March 31, 2026Activist stake changed SCHEDULE 13D/A
- March 25, 2026
- January 30, 2026Passive stake changed SCHEDULE 13G/A
Insider trades
What the people running X Financial did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 1, 2026 | Xue ZhengDirector | Exercised options | 90,000 | - |
| August 1, 2026 | Zhang LonggenDirector | Exercised options | 90,000 | - |
| June 15, 2026 | Wan ZhengDirector | Sold | 90,000 | $476.1K |
| June 15, 2026 | Wan ZhengDirector | Sold | 90,000 | $466.2K |
| June 1, 2026 | Wan ZhengDirector | Exercised options | 90,000 | - |
Who owns XYF
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Yue (Justin) Tang13D, may seek influence with 2 related filers | 47.97% | November 6, 2026 |
| Legend Architecture Consultant Limited13G, passive | 10% | July 10, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 23 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Two Sigma Investments, LP | 190,782 | +19,272 |
| Qube Research & Technologies Ltd | 136,792 | -31,839 |
| Trexquant Investment LP | 85,378 | -27,845 |
| Citadel Advisors LLC | 79,349 | +65,326 |
| O'Shaughnessy Asset Management, LLC | 62,581 | -69,103 |
| UBS Group AG | 48,198 | +4,141 |
| Ramsey Quantitative Systems | 27,838 | new |
| Jane Street Group, LLC | 24,999 | +10,461 |
| Jpmorgan Chase & Co | 22,843 | +8,770 |
| State Street Corp | 21,644 | -1,589 |
| SmartHarvest Portfolios, LLC | 15,421 | new |
| Police & Firemen's Retirement System of New Jersey | 7,644 | 0 |
| Morgan Stanley | 5,111 | -99,322 |
| WealthCollab, LLC | 2,429 | new |
| Royal Bank of Canada | 809 | -11 |
| Tower Research Capital LLC (TRC) | 719 | new |
| Citigroup Inc | 379 | +376 |
| Rhumbline Advisers | 191 | 0 |
| Kelleher Financial Advisors | 173 | new |
| Acadian Asset Management LLC | 105,211 | -164,276 |
Insiders
2 insiders reported holding 999,996 shares in total, about $5.6M at the last price.
| Holder | Shares |
|---|---|
| Zhang LonggenDirector | 499,998 |
| Xue ZhengDirector | 499,998 |
Questions about XYF
What does X Financial do?
X Financial is a company in the Finance sector, listed on NYSE as XYF. Its shares trade on NYSE under the ticker XYF.
What is X Financial's net worth?
X Financial has a market value (market cap) of $304.6M at the latest share price, and shareholders' equity of $1.1B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is X Financial profitable?
Yes. In fiscal 2025 it reported net income of $209.4M on revenue of $1.1B, a net margin of 19.2%.
How much revenue does X Financial make?
In fiscal 2025 X Financial reported revenue of $1.1B. That is 35.8% more than a year earlier.
When did X Financial last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 30, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the activist stake (5% or more) from November 6, 2026.
Does X Financial pay a dividend?
Yes. X Financial declared dividends of $0.09 per share in fiscal 2025.
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Where the numbers come from
Financial figures are the values X Financial tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.