SHANGHAI, China — November 18, 2025 — Leads & Copy — Qfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660), a prominent AI-empowered Credit-Tech platform in China, has released its unaudited financial results for the third quarter, which ended on September 30, 2025. The company’s platform has expanded its reach, connecting 167 financial institution partners and 283.7 million consumers with potential credit needs, marking an 11.6% increase from 254.3 million the previous year.
As of September 30, 2025, Qfin Holdings reported 62.1 million cumulative users with approved credit lines, a 12.6% increase from 55.2 million on the same date in 2024. The number of cumulative borrowers with successful drawdowns, including repeat borrowers, reached 38.1 million, up 15.1% from 33.1 million year-over-year.
Financial institutions originated 22,475,059 loans through the platform during the third quarter of 2025. The total loan volume facilitated and originated reached RMB83,280 million, a 1.0% increase from RMB82,436 million in the same period of 2024, but a 1.6% decrease from RMB84,609 million in the prior quarter. Under the capital-light model, the Intelligence Credit Engine (ICE), and total technology solutions accounted for RMB34,760 million of the total loan volume, or 41.7%, which represents a decrease of 23.4% from RMB45,396 million year-over-year and a 0.8% decrease from RMB35,032 million in the previous quarter.
The total outstanding loan balance as of September 30, 2025, was RMB138,113 million, an 8.1% increase from RMB127,727 million in 2024, but a 1.4% decrease from RMB140,080 million as of June 30, 2025. The capital-light model, ICE, and total technology solutions accounted for RMB66,439 million of the outstanding loan balance, down 10.3% from RMB74,078 million year-over-year and 7.1% from RMB71,530 million in the prior quarter.
The weighted average contractual tenor of loans originated across the platform was approximately 10.58 months in the third quarter of 2025, compared to 10.12 months in the same period of 2024. The 90 day+ delinquency rate for loans originated by financial institutions across the platform was 2.09% as of September 30, 2025, and the repeat borrower contribution for the third quarter of 2025 was 92.8%.
Total net revenue for the third quarter was RMB5,205.7 million (US$731.2 million), compared to RMB5,215.9 million in the prior quarter. Net income was RMB1,432.5 million (US$201.2 million), compared to RMB1,730.5 million in the prior quarter. Non-GAAP net income was RMB1,508.2 million (US$211.9 million), compared to RMB1,849.0 million in the prior quarter. Net income per fully diluted American depositary share (ADS) was RMB10.80 (US$1.52), compared to RMB12.76 in the prior quarter. Non-GAAP net income per fully diluted ADS was RMB11.36 (US$1.60), compared to RMB13.63 in the prior quarter.
Looking ahead, Qfin Holdings anticipates a net income between RMB0.92 billion and RMB1.12 billion for the fourth quarter of 2025, with a non-GAAP net income between RMB1.0 billion and RMB1.2 billion. For the full year 2025, the Company expects to generate a net income between RMB5.88 billion and RMB6.08 billion and a non-GAAP net income between RMB6.28 billion and RMB6.48 billion.
Qfin Holdings’ management team, including CEO Haisheng Wu and CFO Alex Xu, emphasized their commitment to managing risks and optimizing resource allocation amid ongoing macro uncertainties and regulatory changes.
Contact:
Qfin Holdings
E-mail: ir@qfin.com
Source: Qfin Holdings, Inc.
