QFIN FY 2021 Earnings Report — Qfin Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Qfin Holdings, Inc.QFIN

FY 2021 Earnings

Reported April 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.0B	—	22.6%
Op. Income	$992M	—	$554M	—	79.0%
Gross Margin	77.2%	—	76.4%	—	0.8pp
Net Margin	34.8%	—	25.8%	—	9.0pp
EPS (Diluted)	$5.19	—	$3.15	—	65.0%
Free Cash Flow	$842M	—	$776M	—	8.5%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$555M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$305M
General & Administrative	$81M
SG&A Expenses	$387M
Other Expenses	$497M
Operating Expenses	$884M
Cost & Expenses	$1.4B
OPERATING INCOME	$992M
Interest Income	$338M
Interest Expense	$0
Other Income/Expenses	$35M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$184M
Net Income from Continuing Ops	$842M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$845M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$845M
D&A	$10M
EBIT	$1.4B
EBITDA	$1.5B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$555M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$305M
General & Administrative	$81M
SG&A Expenses	$387M
Other Expenses	$497M
Operating Expenses	$884M
Cost & Expenses	$1.4B
OPERATING INCOME	$992M
Interest Income	$338M
Interest Expense	$0
Other Income/Expenses	$35M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$184M
Net Income from Continuing Ops	$842M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$845M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$845M
D&A	$10M
EBIT	$1.4B
EBITDA	$1.5B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$842M
Depreciation & Amortization	$10M
Stock-Based Compensation	$37M
Deferred Income Tax	$220M
Other Non-Cash Items	$450M
Change in Working Capital	-$713M
OPERATING CASH FLOW	$846M
Capital Expenditure	-$4M
Acquisitions (Net)	-$213.0K
Purchases of Investments	-$5.9B
Sales/Maturities of Investments	$5.0B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$886M
Net Debt Issuance	$73M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$258M
NET CASH FROM FINANCING	$331M
FREE CASH FLOW	$842M
Net Change in Cash	$290M

Balance Sheet

Item	Amount
Cash & Equivalents	$894M
Short-Term Investments	$0
Net Receivables	$485M
Inventory	$0
Other Current Assets	$386M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$4M
Goodwill	$0
Intangible Assets	$150M
Long-Term Investments	$1.9B
Tax Assets	$122M
Other Non-Current Assets	$871M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$4.9B
Account Payables	$0
Short-Term Debt	$58M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.7B
Common Stock	$3.2K
Additional Paid-In Capital	$829M
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$2M
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$4.9B
Total Debt	$62M
Net Debt	-$832M