Qfin Holdings, Inc. (QFIN)

Nasdaq: QFIN · Finance Services · Pudong New Area, Shanghai, CN · filing with the SEC since 2018

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Grade7.3

◀ Past 8.4● Present 6.9▶ Future 6.1

1 est.

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The grade of Qfin Holdings, Inc.

Nine metrics read from its own filings, by tense

Headline grade

7.3/10

◀ Past8.440% of the headline

● Present6.935% of the headline

▶ Future6.125% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

8.4/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed

8.4/10

Has it survived what it has been through?

No warning events in its filings since 2018.

weight 45% of this tense · 84th percentile among 130 sector filers · read for itself

From the record

Qfin Holdings, Inc.'s filings since 2018 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

7.7/10

What has it actually done, year after year?

+49.1% a year over 9 filed years; profitable in 9 of 9.

weight 22% of this tense · 77th percentile among 104 sector filers · read for its customers

From the record

Qfin Holdings, Inc.'s 9 filed years say what it did: revenue went from CNY 788 million in fiscal 2017 to CNY 19 billion in fiscal 2025, up 49.1% a year; it rose in 6 of 8 years; the deepest fall was 2% from fiscal 2021 to fiscal 2023; net income was positive in 9 of 9 of those years (its annual reports).

What it rests on

revenue growth over the filed span49.1%top 24% of its family
the share of years revenue rosetop 37% of its family
the share of filed years with a profittop 5% of its family
the deepest fall from a revenue peak2.1%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

9.0/10

How has it treated the people who own it?

Share count shrank 5.5% a year. 31% of cash flow returned. Insiders: 3 sales, 2 purchases.

weight 33% of this tense · 90th percentile among 53 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Qfin Holdings, Inc.'s diluted share count shrank about 5.5% a year, and dividends and buybacks returned about 31% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 2 purchases of their own stock on the open market in the year to 2026-09-30, buying about $3 million (their Form 4 filings).

What it rests on

the share count over the yearstop 6% of its family
cash returned against operating cash flowtop 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.9/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

7.9/10

Is it financially healthy right now?

ROE 25%: 25¢ of profit per shareholder dollar. Leverage 58%: owes 58¢ per asset dollar.

weight 45% of this tense · 79th percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Qfin Holdings, Inc. earned about 25 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 28 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 58 cents per dollar of assets, and net share issuance: its share count shrank 10.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 43% of its family
return on equitytop 8% of its family
gross profit against assetstop 14% of its family
the share count against the year beforetop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

6.5/10

How strong is its position in its industry?

top 35% of 114 in its family; net margin 31.1%.

weight 33% of this tense · 65th percentile among 114 sector filers · read for its customers

From the record

Qfin Holdings, Inc.'s standing among 114 graded names in its industry family: revenue of CNY 19 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 31.1% ranks in the top 13%; revenue growth of 5.1% a year over the last 3 filed years ranks in the bottom 43% (its annual reports).

What it rests on

net margin31.1%top 13% of its family
three-year revenue growth5.1%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.5/10

What are the people in charge doing?

SI estimate 5.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 74 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 74 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 74 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Qfin Holdings, Inc.'s leadership is put at 5.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 74 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.1/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

7.7/10

How much room does it have to grow?

top 23% of 108 in its family for room to expand.

weight 33% of this tense · 77th percentile among 108 sector filers · read for itself

From the record

Qfin Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of CNY 4.7 billion against no long-term debt tagged leaves 8.2% of its assets as net cash, top 42% of its family; cash from operations less capital spending is 56.5% of revenue (top 6%); a gross margin of 84.4% (top 20%) (its annual report).

What it rests on

cash less debt against assets8.2%top 42% of its family
cash from operations less capital spending against revenue56.5%top 6% of its family
gross margin84.4%top 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.8/10

What could actually drive growth from here?

bottom 48% of 100 in its family for growth drivers.

weight 33% of this tense · 48th percentile among 100 sector filers · read for its customers

From the record

Qfin Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 5.1% a year over the last three filed years against 49.1% over all 9, slowing (bottom 12% of its family); the newest year grew 11.9% (top 46%); capital spending grew 107.3% a year (top 22%) (its annual reports). Qfin Holdings, Inc. reported 10 product lines in fiscal 2025: Financial Service at CNY 8.6 billion (45%), Releasing of Guarantee Liabilities at CNY 3.4 billion (18%), Loan Facilitation and Servicing Fees Risk Taking at CNY 1.6 billion (8%), and 7 more; 6 of 10 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-44.0 points a yearbottom 12% of its family
the newest year's revenue growth11.9%top 46% of its family
three-year growth of capital spending107.3%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 78 in its family for expectations against reality.

weight 33% of this tense · 58th percentile among 78 sector filers · read for its shareholders

From the record

Qfin Holdings, Inc.'s newest year against its own record: revenue of CNY 19 billion in fiscal 2025 came in 9.9% above the CNY 17 billion its prior three years' pace pointed to (top 44% of its family); net income of CNY 6.0 billion against a prior three-year average of CNY 4.8 billion (top 41%); a net margin of 31.1% against 28.9% before (top 42%) (its annual reports).

What it rests on

revenue against the prior three years' pace9.9%top 44% of its family
net income against the prior three years' average+23%top 41% of its family
net margin against its prior average+2.2 pointstop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton QFIN · research, not advice