X Financial Class A
NYSE: XYF · FINANCIAL SERVICES · CREDIT SERVICES
Updated 2026-07-29
X Financial Class A (XYF) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.68B | $3.89B | $4.64B | $8.30B | $7.53B | $7.34B | $8.84B | $11.65B | $11.82B | $14.67B |
| Cash & equivalents | $504.21M | $671.36M | $860.03M | $1.01B | $1.65B | $2.09B | $2.37B | $2.90B | $2.94B | $987.63M |
| Current assets | $714.04M | $1.86B | $2.47B | $1.78B | $2.07B | $2.92B | $3.59B | $4.59B | $5.00B | $12.34B |
| Total liabilities | $1.30B | $2.12B | $1.12B | $3.93B | $4.46B | $3.37B | $4.08B | $5.80B | $4.87B | $6.83B |
| Current liabilities | $259.88M | $276.68M | $273.28M | $103.38M | $477.15M | $249.58M | $367.64M | $899.22M | $742.60M | $5.95B |
| Long-term debt | $288.75M | $603.44M | $26.68M | $68.36M | $9.79M | $1.49B | $2.67B | $3.72B | $2.50B | $3.80B |
| Shareholder equity | $372.51M | $1.76B | $3.52B | $4.37B | $3.08B | $3.98B | $4.75B | $5.85B | $6.95B | $7.84B |
| Retained earnings | $-583.27M | $-243.00M | $640.12M | $1.31B | $-14.55M | $810.86M | $1.62B | $2.69B | $4.17B | $5.48B |
| Accounts receivable | $156.14M | $1.11B | $1.40B | $771.15M | $413.31M | $747.48M | $1.20B | $1.68B | $2.05B | $8.46B |
| Inventory | $-31.86M | $-82.10M | $1.00 | $1.00 | $-5.32B | $-5.01B | $-6.18B | $-24.64M | — | — |
| Goodwill | $0.00 | $0.00 | $-406.00 | $-380.00M | $-258.01M | $-99.24M | $-36.51B | — | — | — |
Frequently asked questions
What is X Financial Class A's revenue?
X Financial Class A's trailing twelve-month revenue is $7.64B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is XYF?
In its most recent fiscal year, XYF ran a gross margin of 73.55%, an operating margin of 21.43%, and a net margin of 19.17%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does XYF generate?
XYF produced $1.45B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is XYF's balance sheet healthy?
XYF holds $987.63M in cash and equivalents against $3.80B in long-term debt, on $7.84B of shareholder equity. That debt is best read against the cash flow the business throws off each year.