X Financial Q2 FY26 net income drops 91.1% YoY to RMB 47 million; revenue falls 56.3% to RMB 993.6 million
XYF•Q2 results decline sharply year over year
- X Financial posted Q2 GAAP net income of RMB 47 million, down 91.1% year over year but up 23.8% quarter over quarter.
- Total net revenue fell to RMB 993.6 million, down 56.3% year over year and 15.5% sequentially.
Lending volume and borrower activity weaken
- Loan amount facilitated and originated dropped to RMB 11.63 billion, down 70.2% year over year and 20.5% quarter over quarter.
- Active borrowers slid to 720,258, down 74.8% from a year ago; average loan amount rose to RMB 12,712.
Management highlights delinquency improvement
- Management cited disciplined underwriting and conservative capital deployment as delinquency improved sequentially, with 91-180 day past due at 9.09%.
