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Qifu Technology
(NASDAQ:QFIN)
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Rating:67Neutral
Price Target:
$7.00
â–¼(-25.13% Downside)
Action:Reiterated
Date:09/09/26
QFIN scores as a value-heavy but high-risk setup: extremely cheap valuation and a high dividend lift the score, supported by a generally solid balance sheet. However, the overall rating is capped by clear technical weakness (downtrend and negative momentum) and a challenging near-term outlook from the earnings call (sharp guidance decline, funding pressure, and rising credit risk), alongside slowing TTM fundamentals.
Positive Factors
Conservative Balance Sheet
Low leverage and a sizable equity base provide financial flexibility while the company manages volatility in credit markets. Attractive returns on equity also indicate that Qifu has historically used its capital efficiently, supporting resilience and continued investment in its platform.
Negative Factors
Revenue and Profit Contraction
Sharp declines in revenue and profit indicate that weaker loan volumes, pricing, and deleveraging are materially reducing current earnings power. If these pressures persist, they could constrain reinvestment, reduce operating leverage, and make prior margin levels less durable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a sizable equity base provide financial flexibility while the company manages volatility in credit markets. Attractive returns on equity also indicate that Qifu has historically used its capital efficiently, supporting resilience and continued investment in its platform.
Read all positive factors
Qifu Technology (QFIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$842.01M
Dividend Yield19.2%
Average Volume (3M)2.80M
Price to Earnings (P/E)0.9
Beta (1Y)1.13
Revenue Growth-7.92%
EPS Growth-41.54%
CountryUS
Employees3,557
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)47.74
Shares Outstanding141,509,640
10 Day Avg. Volume2,116,813
30 Day Avg. Volume2,797,152
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)0.74
Price to Sales (P/S)1.12
P/FCF Ratio1.66
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$10.80Price Target Upside15.51% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering5
EPS Forecast (FY)18.56
Revenue Forecast (FY)$13.29B
Qifu Technology Business Overview & Revenue Model
Company Description
Qifu Technology, Inc. (QFIN), known as 360 DigiTech, Inc. until its rebranding in March 2023, is a credit technology firm based in the People's Republic of China. Through its 360 Jietiao platform, the company facilitates credit-driven services by ...
How the Company Makes Money
Qifu Technology primarily generates revenue by enabling and supporting loan origination and related lifecycle services for partner financial institutions (e.g., banks and other licensed lenders). Its key revenue streams generally include: (1) Loan...
Qifu Technology Earnings Call Summary
Earnings Call Date:Aug 25, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Negative
The call presents a mixed picture: Q2 showed operational resilience with improved short-term risk metrics, funding mix optimization (including a 90% sequential increase in ABS issuance), strong growth in the tech solutions business (loan volume +515% YoY) and continued AI and overseas progress. However, an industry liquidity shock in late June, escalating regulatory actions (particularly against collection practices), materially weaker revenue and profit (non-GAAP net profit down sharply year-over-year), elevated provisioning (new provision ratio at a historical high of 5.36%), a one-off tax expense (~RMB 500M) and renewed risk deterioration in August create significant near-term headwinds. Management is prioritizing risk control, cost discipline and capital preservation, and expects subdued origination and higher funding costs in H2. On balance, the near-term negatives (sizeable revenue/profit declines and renewed risk/funding pressure) outweigh the positive strategic progress and Q2 operational improvements.Positive Updates
Platform Scale and Reach
AI-powered credit decision engine and asset distribution platform served 168 financial institutions and delivered digital credit services to over 65 million cumulative credit line users as of end of Q2.
Negative Updates
Significant Revenue Decline
Total net revenue was CNY 3.57 billion in Q2 versus CNY 3.91 billion in Q1 and CNY 5.22 billion a year ago (year-over-year decline of ~31.6%); credit-driven (capital-heavy) revenue declined to CNY 2.6 billion and platform (capital-light) revenue fell to CNY 969.8 million year-over-year.
Read all updates
Q2-2026 Updates
Positive
Negative
Platform Scale and Reach
AI-powered credit decision engine and asset distribution platform served 168 financial institutions and delivered digital credit services to over 65 million cumulative credit line users as of end of Q2.
Read all positive updates
Company Guidance
Management guided Q3 non‑GAAP net income of RMB 400–500 million (down ~67–73% YoY), warning of continued tight funding and higher funding costs after ~25 bps increases in July–August; they expect C‑M2 (0.66% in Q2) to rise noticeably (August projected ~+25% sequential) after FPD3/FPD7 surged ~20% MoM. They will maintain a prudent provisioning stance (Q2 new provisions ~RMB 1.72bn; new provision booking ratio 5.36%; provision coverage 472%) and build buffers, with leverage expected to hover around 2.1x and cash & short‑term investments of ~RMB 10.63bn (cash from operations RMB 1.09bn in Q2). Other metrics: Q2 loan facilitation/origination ~RMB 63.4bn (‑2.5% QoQ; July ~‑10%, July+August ~‑15%), average IRR 18.2% (vs 18.7% in Q1), ABS issuance RMB 5.5bn (+90% QoQ, issuance costs ‑20 bps), sales & marketing ‑13% QoQ (new users 830k vs 1.19m in Q1), and an H1 dividend of USD 0.46 per ADS (~30% payout); management expects 2–3 quarters of elevated volatility and will prioritize risk control, cost cutting and disciplined capital allocation.Qifu Technology Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.08B | 16.08B | 17.17B | 16.29B | 16.55B | 16.64B |
| Gross Profit | 9.77B | 11.90B | 10.60B | 10.45B | 11.70B | 12.84B |
| EBITDA | 5.68B | 7.44B | 8.08B | 7.98B | 8.92B | 9.93B |
| Net Income | 3.74B | 5.99B | 6.26B | 4.29B | 4.02B | 5.78B |
Balance Sheet | ||||||
| Total Assets | 53.11B | 56.95B | 48.13B | 45.82B | 40.34B | 33.50B |
| Cash, Cash Equivalents and Short-Term Investments | 10.38B | 7.55B | 7.85B | 4.19B | 7.22B | 6.12B |
| Total Debt | 2.95B | 3.82B | 1.40B | 827.73M | 180.70M | 423.36M |
| Total Liabilities | 28.32B | 32.79B | 23.89B | 23.81B | 21.41B | 18.29B |
| Stockholders Equity | 24.76B | 24.11B | 24.19B | 21.94B | 18.85B | 15.20B |
Cash Flow | ||||||
| Free Cash Flow | 5.68B | 10.84B | 9.19B | 7.03B | 5.90B | 5.76B |
| Operating Cash Flow | 8.76B | 11.08B | 9.34B | 7.12B | 5.92B | 5.79B |
| Investing Cash Flow | -1.61B | -13.08B | -7.99B | -11.15B | -7.36B | -6.06B |
| Financing Cash Flow | -7.57B | 2.78B | -2.11B | 1.07B | 3.20B | 2.26B |
Qifu Technology Technical Analysis
Negative
9.35
Price Trends
9.84
Negative
11.72
Negative
12.75
Negative
Market Momentum
-0.88
Positive
17.40
Positive
4.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QFIN, the sentiment is Negative. The current price of 9.35 is above the 20-day moving average (MA) of 7.76, below the 50-day MA of 9.84, and below the 200-day MA of 12.75, indicating a bearish trend. The MACD of -0.88 indicates Positive momentum. The RSI at 17.40 is Positive, neither overbought nor oversold. The STOCH value of 4.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QFIN.
Qifu Technology Risk Analysis
Qifu Technology disclosed 88 risk factors in its most recent earnings report. Qifu Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Qifu Technology Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $200.12M | 0.39 | 7.19% | 11.34% | -23.31% | -63.32% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $842.01M | 0.91 | 15.36% | 19.20% | -7.92% | -41.54% | |
67 Neutral | $734.73M | 2.51 | 4.56% | 10.55% | -1.89% | -26.81% | |
62 Neutral | $118.63M | 0.74 | 8.64% | 55.77% | -4.17% | -34.34% | |
55 Neutral | $69.60M | 1.88 | 5.34% | 3761.90% | -35.90% | -85.27% | |
52 Neutral | $80.00M | -0.17 | -16.95% | 21.83% | -27.36% | -220.29% |
* Financial Sector Average
QFIN
Qifu Technology
6.46
-19.99
-75.58%
YRD
Yiren Digital
0.96
-5.47
-85.12%
FINV
FinVolution Group
2.90
-3.92
-57.46%
LX
Lexinfintech Holdings
0.69
-4.21
-86.01%
XYF
X Financial
4.94
-7.90
-61.52%
JFIN
Jiayin Group
1.31
-10.07
-88.49%
Qifu Technology Corporate Events
Qfin Holdings Posts Lower Q2 2026 Earnings but Strengthens Risk Metrics Amid Industry Turmoil
Aug 25, 2026
On August 25, 2026, Qfin Holdings reported unaudited results for the second quarter and first half of 2026 and declared a semi-annual dividend, underscoring resilience amid industry contraction, tighter regulation and a late-June liquidity shock. ...
Qifu Technology Sets Late-August Board Meeting to Approve Q2 and Interim 2026 Results
Aug 13, 2026
Qfin Holdings, Inc. announced that its board of directors will meet on August 25, 2026, in Beijing/Hong Kong time to approve unaudited financial results for the second quarter and first half ended June 30, 2026. At the same meeting, the board will...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.