QFIN: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	19.21bn	17.17bn	16.29bn	16.55bn
Cost of revenue	3.00bn	397m	2.66bn	2.37bn
Selling, general and administrative	659m	450m	421m	413m
Operating expenses	12.53bn	9.64bn	11.43bn	12.08bn
Operating income	6.68bn	1.03bn	4.86bn	4.47bn
Pre-tax income	7.38bn	7.89bn	5.28bn	4.74bn
Income tax	1.40bn	225m	1.01bn	737m
Net income	5.99bn	858m	4.29bn	4.02bn
Earnings per share	22.48	21.02	13.36	12.87
Earnings per share, diluted	22.01	20.64	13.04	12.50
Weighted average shares	266m	298m	321m	313m
Weighted average shares, diluted	272m	303m	329m	322m

Metric	Aug 19, 2026	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	—	4.70bn	610m	4.18bn	7.17bn	8.76bn
Short-term investments	—	—	2.85bn	465m	15m	—	—
Current assets	—	—	49.48bn	42.78bn	39.80bn	—	—
Property, plant and equipment	—	—	637m	50m	231m	—	—
Goodwill	—	—	45m	42m	41m	—	—
Total assets	—	—	56.95bn	48.13bn	45.82bn	—	—
Current liabilities	—	—	20.36bn	2.39bn	19.90bn	—	—
Total liabilities	—	—	32.79bn	3.27bn	23.81bn	—	—
Equity	—	—	24.11bn	24.19bn	21.94bn	18.93bn	15.22bn
Shares outstanding	—	—	244m	284m	315m	323m	—
Shares issued	—	—	283m	297m	327m	—	—

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	11.08bn	9.34bn	7.12bn	5.92bn
Depreciation and amortisation	68m	75m	74m	77m
Share-based compensation	378m	168m	186m	200m
Capital expenditure	241m	21m	85m	27m
Investing cash flow	−13.08bn	−7.99bn	−11.15bn	−7.36bn
Share buybacks	4.85bn	2.97bn	636m	—
Financing cash flow	2.78bn	−290m	1.07bn	3.20bn