The company's proprietary big data-driven risk control system, WinSAFE, builds risk profiles of prospective borrowers using credit assessment methodology to evaluate creditworthiness. X Financial generates revenue through loan facilitation service fees, post-origination service fees, and guarantee fees, with a shift toward more institutional funding as of late 2024.
Cyborg Score Rationale
FY 2025 revenue was RMB7,639.4 million, up 30.1% YoY, though Q4 2025 showed sequential decline. The company has improved asset quality with declining delinquency rates and active borrowers increasing 77.1% to 2.43 million in Q1 2025. However, recent quarterly volatility and Chinese regulatory pressures warrant a measured outlook.
Top Insights
Institutional funding shift has stabilized income streams as of late 2024.
Q3 2025 guidance reflects strategic focus on asset quality over volume growth.
US$100 million share repurchase program launched in June 2025.
Diverse product portfolio includes Xiaoying Card Loan, Preferred Loan, housing loans, and wealth management platform offerings.
Named Competitors
360 DigiTech — Chinese online consumer finance platform
IOU Financial — Online personal finance platform
Green Dot — Financial services and prepaid cards
Credit Acceptance — Automotive finance company
Recent Developments
(March 2026) Q4 2025 and FY 2025 results reported with RMB7.6B full-year revenue, +30.1% YoY
(June 2025) US$100 million share repurchase program announced
(Q1 2025) Total loan facilitation reached RMB35.1 billion, up 63.4% YoY with improved delinquency metrics
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