LexinFintech Holdings Ltd. (LX)

Nasdaq: LX · Finance Services · Shenzhen, CN · filing with the SEC since 2017

Grade6.7

◀ Past 7.9● Present 6.6▶ Future 5.0

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Income statement, as filed

In thousands of Chinese yuan (CNY), as filed; per-share figures in Chinese yuan; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Apr 29, 2026	Apr 18, 2025	Apr 29, 2024	Apr 26, 2023	Apr 29, 2022	Apr 28, 2021	Apr 30, 2020	Apr 30, 2019	Apr 26, 2018	·
Revenue	13,152,087	14,203,594	13,057,082	9,865,811	11,380,525	11,645,255	10,603,507	7,596,896	5,582,189	4,338,686
For lenders
Provision for credit losses	·	·	·	·	·	·	·	884,056	611,869	236,611
Cost of revenue	8,683,441	9,177,366	8,544,012	6,831,095	5,631,251	8,012,187	5,609,411	4,584,956	4,262,097	3,736,654
Gross profit	4,468,646	5,026,228	4,513,070	3,034,716	5,749,274	3,633,068	4,994,096	3,011,940	1,320,092	602,032
Research and development	595,316	578,243	513,284	583,260	549,286	474,265	415,995	320,165	235,292	127,317
Sales and marketing	1,918,894	1,787,299	1,733,301	1,685,438	1,658,904	1,274,402	1,538,698	589,983	405,505	376,313
General and administrative	361,819	374,481	387,387	431,571	470,661	451,284	412,117	279,859	203,635	87,364
Total operating expenses	2,876,029	2,740,023	2,633,972	2,700,269	2,678,851	2,199,951	2,366,810	1,190,007	844,432	590,994
Interest expense	22,732	9,007	50,483	55,636	63,125	77,542	39,215	23,059	75,517	48,343
Interest and investment income	·	·	·	·	·	7,885	52,211	18,753	·	·
Share of profit of equity-method investments	-19,175	-2,417	-1,475	-4,081	-3,967	-9,032	-5,180	0	-2,028	-1,640
Other income (expense), net	19,461	58,188	7,774	61,321	113,480	146,029	82,422	1,773	28,013	-10,799
Income before income taxes	2,075,603	1,353,735	1,326,786	1,028,569	2,769,534	685,609	2,706,511	2,109,528	474,579	-59,681
Income tax expense	398,526	253,275	260,841	202,640	435,418	90,629	411,959	132,222	234,227	58,258
Net income including non-controlling interests	1,677,077	1,100,460	1,065,945	825,929	2,334,116	594,980	2,294,552	1,977,306	240,352	-117,939
Net income to non-controlling interests	·	·	·	6,177	193	·	·	·	·	·
Net income	·	·	·	·	·	594,980	2,294,552	1,977,306	240,352	-117,939
Preferred dividends	·	·	·	·	·	·	·	·	·	42,679
Net income to common shareholders	1,677,077	1,100,460	1,065,945	819,752	2,333,923	594,980	2,294,552	1,977,306	25,994	-222,917
Earnings per share, basic	·	·	·	·	·	·	·	·	0.23	-2.01
Earnings per share, diluted	4.72	3.24	3.17	2.21	5.73	1.56	6.14	5.45	0.18	-2.01
Weighted average shares, basic	338,943,939	331,403,936	328,523,952	348,048,245	368,460,867	364,733,164	355,625,970	337,883,964	113,620,774	110,647,199
Weighted average shares, diluted	355,089,877	339,261,349	359,820,982	392,756,821	414,992,716	411,229,810	375,831,131	362,762,561	140,852,401	110,647,199

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNonoperating

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton LX · research, not advice