Yiren Digital's Q2 revenue falls on lower loan facilitation volume
YRD•Yiren Digital's second-quarter revenue fell 46% year over year to RMB 889.98 million as loan facilitation volume declined. Its net loss was RMB 449.62 million, narrowed sequentially, and the company authorized a new $20 million share repurchase program.
1. Quarterly results
Yiren Digital said second-quarter revenue fell 46% year over year to RMB 889.98 million, citing lower loan facilitation volume after revised regulatory requirements for online loan facilitation. The company reported a net loss of RMB 449.62 million, which narrowed sequentially.
2. Operations and buyback
The company said its sequentially narrower loss reflected an improved credit environment and efficiency gains. It said enterprise AI deployment generated measurable efficiency gains in asset recovery and customer operations, and reported year-over-year growth in insurance clients while insurance brokerage revenue fell sequentially due to lower renewal rates. Yiren Digital authorized a new $20 million share repurchase program and said it remains focused on strengthening core operations and advancing AI capabilities.
