Yiren Digital Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Yiren Digital 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	466	852	818	1,238	607	703	498	690	795	818
Research and development								21	56.4	58.1
Selling and marketing	226	449	367	640	292	244	83.2	92.5	164	166
General and administrative	57.9	81	76.4	105	96.1	79.4	61.4	32.6	37.6	46.1
Operating income										-850
Interest income										11.3
Other non-operating income	0.08	0.14	0.77	38.6	-10.3	-13.2	3.41	7.12	29.4	26.3
Pre-tax income	159	269	169	201	-119	189	217	373	255	-5.44
Income tax	-2.01	58.6	28.3	34.4	-12.4	26.7	43.6	79.6	38.2	-13.9
Net income	161	211	141	166	-106	162	173	293	217	7.8
EBITDA										-848
EPS, basic	1.36	1.75	1.15	0.90	-0.59	0.96	0.99	1.66	1.25	0.04
EPS, diluted	1.35	1.72	1.13	0.89	-0.59	0.95	0.99	1.64	1.24	0.04
Shares, basic (weighted)	118	182	184	185	180	169	175	177	173	174
Shares, diluted (weighted)	119	182	186	187	180	171	175	179	175	175

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	139	285	295	459	379	450	619	816	526	479
Property, plant and equipment	5.11	12.6	13.1	28.1	22.6	16.1	11.2	11.1	10.8	7.21
Lease right-of-use assets				48	16.2	12.7	4.92	3.29	5.44	5.34
Total assets	689	1,156	1,094	1,385	1,027	1,214	1,238	1,447	1,779	1,924
Total liabilities	381	699	349	740	448	458	363	309	471	598
Paid-in capital	134	173	188	724	775	800	748	728	712	749
Retained earnings	170	282	554	-76.6	-193	-38.9	132	420	608	601
Treasury stock			-0.04	-5.33	-6.15	-6.73	-6.78	-13.4	-23.4	-24.4
Other comprehensive income	4.24	1.7	2.38	3.14	2.62	1.81	1.13	3.33	10.9	-0.36
Shareholders' equity	308	456	745	645	579	757	874	1,139	1,307	1,326
Total equity	308	456	745	645	579	757	874	1,139	1,307	1,326
Total liabilities and equity	689	1,156	1,094	1,385	1,027	1,214	1,238	1,447	1,779	1,924
Shares outstanding	120	121	123	186	168	170	179	175	173	175

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	161	211	141	166	-106	162	173	293	217	7.8
Depreciation and amortization	1.53	3.65	5.74	18.1	14.1	6.79	3.83	1	1.22	1.85
Stock-based compensation	2.48	12.6	12.4	6.31	2.17	3	3.21	0.95	2.32	4.32
Change in receivables	7.84	1.1	1.83	-0.26	-20.8	-29.2	9.94	-43.2	-24.1	-56.5
Change in payables	1.32	3.1	-0.51	18.8	-70.2	-4.73	15.9	21.9	21.9	5.77
Cash from operations	304	418	-119	39.4	43.2	24.8	268	306	195	101
Capital expenditures	-4.32	-10.8	-7.6	-6.9	-2.1	-1.48	-0.13	-0.63	-1.26	-3.68
Acquisitions				-37.2
Purchases of investments		-0.42	-0.58	-93.8	-64.8	-53.5	-298	-477	-751
Sales and maturities of investments								10.3	39.2
Cash from investing	-205	-57.6	-100	159	-275	-54.4	7.62	14.1	-426	-225
Debt issued					76.7	90.4				1.34
Share buybacks			-0.04	-5.29	-0.47	-0.43	-0.56	-6.78	-10.4	-0.03
Dividends paid		-93	-15.5						-16.8	-39.1
Cash from financing	19.5	-131	-3.78	-165	146	67.1	-70.9	-80.2	-38	94.8
Exchange rate effect			0.53	0.03	-0.43	-0.15
Net change in cash		227	-223	33.7	-86.1	37.4	205	239	-268	-33
Free cash flow	300	407	-127	32.5	41.1	23.3	268	305	194	96.9
Interest paid				1.64	0.25	13.4	17.6	8.81		0.03
Income taxes paid	9.49	46.5	45.3	25.6	15.9	9.94	11.4	23.3	19.2	37.8

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.99 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	-103.9%	Operating income / revenue.
EBITDA margin	-103.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-0.7%	Pre-tax income / revenue.
Net margin	1.0%	Net income / revenue.
FCF margin	11.9%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	12.3%	Cash from operations / revenue.
Return on equity (ROE)	0.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.4%	Net income / average total assets.
Return on invested capital (ROIC)	-82.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	7.1%	Research and development expense / revenue.
Stock-based pay / revenue	0.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.5%	Capital expenditures / revenue.
D&A / revenue	0.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	18.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-96.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-64.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-96.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-64.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-48.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-27.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	18.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-50.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-28.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	18.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	14.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	18.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	8.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	15.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	13.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	31.1%	Total liabilities / total assets.
Tangible book value	$1.33B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.44x	Revenue / average total assets.
Fixed asset turnover	90.9x	Revenue / average property, plant and equipment.
FCF conversion	1,243.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	3.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.04	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	$0.04	Net income per basic share, as reported (split-adjusted).
Revenue per share	$4.68	Revenue / diluted weighted shares.
FCF per share	$0.55	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.58	Cash from operations / diluted weighted shares.
Book value per share	$7.59	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$7.59	Tangible book value / shares outstanding.
Cash per share	$2.74	(Cash + short-term investments) / shares outstanding.
Payout ratio	500.9%	Dividends paid / net income, when net income is positive.
Dividends / FCF	40.3%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	0.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$86.7M	Share price x shares outstanding.
Enterprise value	-$392.1M	Market cap + total debt - cash - short-term investments.
P/E	11.1x	Market cap / net income. Only when net income is positive.
P/S	0.11x	Market cap / revenue.
P/B	0.07x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.07x	Market cap / tangible book value, when positive.
P/FCF	0.89x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	0.86x	Market cap / cash from operations, when positive.
FCF yield	111.8%	Free cash flow / market cap.
Earnings yield	9.0%	Net income / market cap (the inverse of P/E).
Dividend yield	45.1%	Dividends paid over the period / market cap.
Shareholder yield	45.1%	(Dividends paid + share buybacks) / market cap.

What was Yiren Digital Ltd.'s revenue in fiscal 2025?

Yiren Digital Ltd. reported revenue of $817.8M for fiscal 2025, 2.8% higher than the year before.

Was Yiren Digital Ltd. profitable in fiscal 2025?

Yes. Net income was $7.8M, a net margin of 1%.

How much free cash flow did Yiren Digital Ltd. generate in fiscal 2025?

Cash from operations of $100.6M minus capital expenditures of $3.7M left free cash flow of $96.9M.

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.

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