Home Blog Page 511

Monoova Launches an FX Hub to Bring Real-Time Collection Infrastructure to Global Money Movement

New platform unifies collections, currency conversion, funding and settlement, enabling same-day global payments

SYDNEY, March 17, 2026 /PRNewswire/ — Today, Monoova announced the launch of its FX Hub, a new capability bringing domestic collections, foreign exchange conversion, funding, and settlement into a single automated flow.

Global payments are often slowed by fragmented banking relationships, multiple intermediaries, and disconnected processes for collections, FX conversion, funding and settlement. The result is increased FX risk, operational complexity, and liquidity pressure for businesses operating across borders. Traditional FX settlement can also take several days and often requires pre-funded accounts or overdraft facilities.

The FX Hub changes this by unifying these processes and automating the full payment lifecycle via Monoova’s API platform. By combining best-in-class domestic collection capabilities with automated FX conversion, funding, and settlement, businesses can streamline global payment operations. In addition, same-day settlements help businesses improve working capital efficiency and reduce reliance on pre-funding.

“Historically, global payments have treated FX, collections and settlement as separate problems,” said Ben Hiscox, Head of FX & Treasury at Monoova. “The FX Hub brings these together into a single automated flow, allowing businesses to collect funds locally, convert currencies and settle globally without the operational complexity that usually sits between those steps.”

The FX Hub also connects to a diversified global liquidity network of Tier 1 Banks and payment providers, helping reduce counterparty risk while maintaining competitive FX pricing.

The launch reflects Monoova’s continued focus on simplifying payment infrastructure and enabling businesses to collect, convert and move money globally through a single integrated platform.

About Monoova

Monoova (www.monoova.com) is a leading Payment Service Provider (PSP) transforming the way businesses move money in and out of Australia. Its API-driven platform integrates NPP, PayTo, PayID, Direct Debit, BPAY, and cross-border transfers into one seamless solution. By enabling businesses to automate and streamline transactions, enhance security, and transition effortlessly from legacy systems to real-time payments, Monoova empowers clients to scale with confidence and meet the demands of a modern payment landscape. Through its clients, Monoova facilitates transactions with more than 10% of all Australians. Monoova’s FSG/PDS is available at www.monoova.com/legal   

For media inquiries, please contact: PressEnquiries@Monoova.com

 

Cango Inc. Reports Fourth Quarter and Full Year 2025 Unaudited Financial Results

DALLAS, March 17, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025.

Financial and Operational Highlights

  • Total revenues were $688.1 million for the full year, including US$179.5 million in Q4. Revenue from the bitcoin mining business was US$675.5 million for the year, including US$172.4 million in Q4. Adjusted EBITDA for the year was US$24.5 million, while Q4 recorded an adjusted EBITDA loss of US$156.3 million.
  • A total of 6,594.6 Bitcoins were mined over the year, averaging 18.07 Bitcoins per day, of which 1,718.3 Bitcoins were mined in Q4 (averaging 18.68 Bitcoins per day). The average cost to mine, excluding machine depreciation, was $79,707 per Bitcoin for the year and $84,552 in Q4. All-in costs were $97,272 per Bitcoin for the year and $106,251 in Q4. Since entering the industry, the Company had mined 7,528.4 Bitcoins as of December 2025.
  • The Company completed the termination of its ADR program and transitioned to a direct listing on the NYSE to enhance transparency, and align with its strategic focus, potentially broadening its investor base.

Paul Yu, CEO, said, “2025 marked our inaugural year as a Bitcoin miner, defined by swift execution. We initiated a comprehensive asset restructuring and established a globally distributed mining footprint. Entering 2026, we proactively strengthened our balance sheet and optimized our mining fleet to enhance efficiency and cost resilience. Concurrently, we are advancing our pivot to become an AI infrastructure provider. Through EcoHash, we are leveraging our expertise in scalable computing and energy networks to deliver flexible, cost-effective AI inference solutions. With initial site retrofits underway and product ready for deployment, we are positioned to execute with focus and strategic discipline in the new era.”

Michael Zhang, CFO, stated, “In 2025, Cango delivered significant revenue growth from our scaled Bitcoin mining operations. The net loss from continuing operations of US$452.8 million was primarily due to non-recurring transformation costs and market-driven fair-value adjustments. Our financial strategy focused on strengthening the balance sheet to reduce leverage via an adjusted Bitcoin treasury policy and liquidity management, while securing new equity infusion to provide the flexibility needed to navigate volatility and invest in high-potential areas like AI infrastructure.”

Article link: https://www.prnewswire.com/news-releases/cango-inc-reports-fourth-quarter-and-full-year-2025-unaudited-financial-results-302714552.html

Email: ir@cangoonline.com

Cango Inc. Reports Fourth Quarter and Full Year 2025 Unaudited Financial Results

DALLAS, March 17, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025.

Financial and Operational Highlights

  • Total revenues were $688.1 million for the full year, including US$179.5 million in Q4. Revenue from the bitcoin mining business was US$675.5 million for the year, including US$172.4 million in Q4. Adjusted EBITDA for the year was US$24.5 million, while Q4 recorded an adjusted EBITDA loss of US$156.3 million.
  • A total of 6,594.6 Bitcoins were mined over the year, averaging 18.07 Bitcoins per day, of which 1,718.3 Bitcoins were mined in Q4 (averaging 18.68 Bitcoins per day). The average cost to mine, excluding machine depreciation, was $79,707 per Bitcoin for the year and $84,552 in Q4. All-in costs were $97,272 per Bitcoin for the year and $106,251 in Q4. Since entering the industry, the Company had mined 7,528.4 Bitcoins as of December 2025.
  • The Company completed the termination of its ADR program and transitioned to a direct listing on the NYSE to enhance transparency, and align with its strategic focus, potentially broadening its investor base.

Paul Yu, CEO, said, “2025 marked our inaugural year as a Bitcoin miner, defined by swift execution. We initiated a comprehensive asset restructuring and established a globally distributed mining footprint. Entering 2026, we proactively strengthened our balance sheet and optimized our mining fleet to enhance efficiency and cost resilience. Concurrently, we are advancing our pivot to become an AI infrastructure provider. Through EcoHash, we are leveraging our expertise in scalable computing and energy networks to deliver flexible, cost-effective AI inference solutions. With initial site retrofits underway and product ready for deployment, we are positioned to execute with focus and strategic discipline in the new era.”

Michael Zhang, CFO, stated, “In 2025, Cango delivered significant revenue growth from our scaled Bitcoin mining operations. The net loss from continuing operations of US$452.8 million was primarily due to non-recurring transformation costs and market-driven fair-value adjustments. Our financial strategy focused on strengthening the balance sheet to reduce leverage via an adjusted Bitcoin treasury policy and liquidity management, while securing new equity infusion to provide the flexibility needed to navigate volatility and invest in high-potential areas like AI infrastructure.”

Article link: https://www.prnewswire.com/news-releases/cango-inc-reports-fourth-quarter-and-full-year-2025-unaudited-financial-results-302714552.html

Email: ir@cangoonline.com

FinVolution Group Announces Dividend Increase to US$0.306 per American Depositary Share, Up 10.5% Year-Over-Year

-Represents approximately 20.5% payout ratio of Net Income for FY 2025-
-Marks eighth consecutive year of dividend declaration-

SHANGHAI, March 17, 2026 /PRNewswire/ — FinVolution Group (“FinVolution,” or the “Company”) (NYSE: FINV), a leading fintech platform across China and international markets, today announced that its board of directors (the “Board”) has approved a cash dividend of US$0.306 per American Depositary Share, which represents a payout ratio of approximately 20.5% of the Company’s net income for fiscal year 2025. The dividend is expected to be distributed on or around May 7, 2026 to shareholders of record as of the close of business on April 16, 2026.

The decision to distribute dividends, and the amount of any such dividend payments, is made at the Board’s discretion based on the Company’s operations, earnings, cash flows, financial condition and other relevant factors.

For fiscal year 2025, the Company’s distributions to shareholders will total approximately US$181.7 million, consisting of US$107.2 million in share repurchases and US$74.5 million in dividends, representing a total payout ratio of approximately 50.0%.

Mr. Shaofeng Gu, Chairman of the Board of FinVolution, commented, “We are pleased to declare dividends for the eighth consecutive year, underscoring our unwavering commitment to shareholder returns. The fiscal year 2025 distribution reflects this dedication to creating long-term value, and we will continue to build on this track record of strong and consistent shareholder returns.”

Mr. Tiezheng Li, Vice Chairman of the Board and Chief Executive Officer of FinVolution commented, “Our Local Excellence, Global Outlook Strategy continues to drive robust performance across our core China market and accelerating international operations, fueling sustainable, high-quality growth. The strong execution of our capital return program underscores our confidence in our business outlook and our unwavering commitment to sharing the rewards of our growth with shareholders.”

About FinVolution Group

FinVolution Group is a leading fintech platform with strong brand recognition across China and international markets, connecting borrowers of the young generation with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platforms, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of December 31, 2025, the Company had 239.6 million cumulative registered users across China and international markets.

For more information, please visit https://ir.finvgroup.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company’s marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
FinVolution Group
Head of Capital Markets
Yam Cheng
Tel: +86 (21) 8030 3200 Ext. 8601
Email: ir@xinye.com 

Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
Email: finv@tpg-ir.com 

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com

 

WEKA Maximizes Token Output With Lower Cost Per Token on NVIDIA BlueField-4 STX

NeuralMesh and Augmented Memory Grid Integration with NVIDIA STX Increases Token Production by 6.5x in the Same GPU Footprint, Slashing Cost of Inference for AI-Driven Organizations

SAN JOSE, Calif. and CAMPBELL, Calif., March 17, 2026 /PRNewswire/ — From GTC 2026: WEKA, the AI storage and memory systems company, today announced the integration of its NeuralMesh™ software with the NVIDIA STX reference architecture. WEKA’s breakthrough Augmented Memory Grid™ memory extension technology running on NeuralMesh will support NVIDIA STX to bring high-throughput context memory storage to agentic AI factories, making long-context reasoning seamless across sessions, tools, and tasks. Leveraging NVIDIA Vera Rubin NVL72, NVIDIA BlueField-4, and NVIDIA Spectrum-X Ethernet, the NeuralMesh solution based on NVIDIA STX will deliver an estimated increase of 4-10x more tokens per second for context memory while supporting at least 320 GB read and 150 GB write throughput per second for AI workloads, more than double the throughput of conventional AI storage platforms.

WEKA and NVIDIA unlock cost-efficient AI inference at scale
WEKA and NVIDIA unlock cost-efficient AI inference at scale

Solving the Inference Cost Problem with Shared KV Cache Infrastructure
Scaling agentic systems, especially for software engineering applications, exposes a hard truth: today’s AI economics are decided at the memory infrastructure layer. Every large-scale inference fleet hits the memory wall: limited high-bandwidth memory (HBM) on the GPU is rapidly exhausted, key-value (KV) cache is evicted, context is lost, and the system is forced to repeat work it already completed. This architectural inefficiency sends inference costs soaring. The answer is a shared KV cache infrastructure that keeps context live across agents, users, and sessions. It eliminates redundant computation, sustains token throughput, and maintains predictable performance. Without shared KV cache infrastructure, every increase in concurrent users and agents becomes a liability — costs rise, experiences degrade, and the inference fleet becomes harder to operate the larger it grows. With STX for context memory, NVIDIA is introducing a blueprint to address these core inference bottlenecks.

Context Memory Storage: The Foundation of Agentic AI Factories
With co-designed WEKA solutions based on NVIDIA STX architecture, AI clouds, enterprises, and AI model builders can deploy the infrastructure foundation they need to run GPUs at peak productivity, sustain high-volume token production, and make large-scale inference more energy and cost-efficient.

Leading AI innovators and cloud providers, such as Firmus, are already transforming their inference economics with Augmented Memory Grid on NeuralMesh.

“Real-world AI doesn’t run in a lab— it has power constraints, cooling limits, and relentless workload demand. Firmus is built for exactly that. Paired with NVIDIA AI infrastructure, WEKA Augmented Memory Grid delivers up to 6.5x higher tokens per second and 4x faster TTFT at scale, proving we can get more performance from the same GPU footprint. With NeuralMesh and Augmented Memory Grid integrated into our NVIDIA-aligned AI Factory and NVIDIA STX reference architecture, we’ll be able to deliver the fastest context memory network for predictable and efficient inference at scale,” said Daniel Kearney, Chief Technology Officer at Firmus.

NeuralMesh and NVIDIA STX: Purpose-Built for Agentic AI
NeuralMesh is WEKA’s intelligent, adaptive storage system built on over 170 patents. It will run across the full-stack STX reference architecture, providing the next-generation storage organizations need to standardize high-performance AI data services and accelerate agentic AI outcomes. WEKA’s Augmented Memory Grid is a purpose-built memory extension layer that pools and persists KV cache outside of GPU memory, keeping long-context sessions stable and concurrency high as inference workloads grow. First unveiled at GTC 2025 and generally available to NeuralMesh customers today, Augmented Memory Grid has been validated with Supermicro on NVIDIA Grace CPUs and BlueField-3 DPUs to deliver numerous benefits that improve AI economics, including:

  • Faster User Experiences: Augmented Memory Grid on NeuralMesh delivers up to 4-20x improvement in time-to-first-token, keeping AI agents and applications responsive under real-world load.
  • More Revenue from the Same Hardware: Serve 6.5x more tokens per GPU — without adding infrastructure.
  • Sustained Performance at Scale: Augmented Memory Grid maintains high KV cache hit rates even as sessions, agents, and context windows grow — preventing the performance cliff that hits DRAM-only architectures.
  • GPU-Native Efficiency: BlueField-4 integration offloads the storage data path from the CPU, keeping GPUs fully productive and eliminating I/O bottlenecks.

“With coding LLMs advancing, we’re seeing unprecedented adoption of Agentic AI use cases for software engineering, where productivity increases by 100-1000x. As coding assistants make repeated calls against largely unchanged codebases and prompts, WEKA’s Augmented Memory Grid reuses cached context instead of forcing redundant prefill, even as context windows grow to incredible lengths. This provides a major boost in response times and greatly increases the number of concurrent users running on the same infrastructure,” said Liran Zvibel, co-founder and CEO at WEKA. “WEKA first identified this need for context memory storage more than a year ago and launched Augmented Memory Grid at GTC 2025. Now, NVIDIA STX opens the door to organizations running their storage and memory extension infrastructure on state-of-the-art NVIDIA Vera Rubin architecture, including NVIDIA BlueField-4 and NVIDIA Spectrum-X Ethernet. Running Augmented Memory Grid on NeuralMesh for NVIDIA STX delivers extreme performance and efficiency that translates directly to game-changing AI economics.”

Availability

WEKA’s Augmented Memory Grid is commercially available with NeuralMesh today.

Organizations that don’t address the memory wall today will find it harder and more expensive to scale tomorrow. As agentic workloads grow and context windows expand, DRAM-only architectures face a compounding cost problem: each additional concurrent user or session increases recomputation overhead, GPU idle time, and operational cost. The organizations that architect for persistent KV cache now will have a structural cost and performance advantage over those that wait.

For more information about NeuralMesh, visit: weka.io/NeuralMesh.
For more information about Augmented Memory Grid, visit: weka.io/augmented-memory-grid.

Organizations can learn more at weka.io/nvidia or visit WEKA at GTC 2026, booth #1034.

About WEKA
WEKA is transforming how organizations build, run, and scale AI workflows with NeuralMesh™ by WEKA®, its intelligent, adaptive mesh storage system. Unlike traditional data infrastructure, which becomes slower and more fragile as workloads expand, NeuralMesh becomes faster, stronger, and more efficient as it scales, dynamically adapting to AI environments to provide a flexible foundation for enterprise AI and agentic AI innovation. Trusted by 30% of the Fortune 50, NeuralMesh helps leading enterprises, AI cloud providers, and AI builders optimize GPUs, scale AI faster, and reduce innovation costs. Learn more at www.weka.io or connect with us on LinkedIn and X.

WEKA and the W logo are registered trademarks of WekaIO, Inc. Other trade names herein may be trademarks of their respective owners.

WEKA_v1_Logo_new
WEKA_v1_Logo_new

LX Pantos Accelerates Global Expansion with Acquisition of Logistics Center in Poland

SEOUL, South Korea and KATOWICE, Poland, March 17, 2026 /PRNewswire/ — LX Pantos, a leading global logistics company (Global CEO: Lee Yong-ho), is accelerating its global expansion through strategic partnerships and infrastructure investments.

On March 16, LX Pantos announced that a consortium including the Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the PIS No. 2 Fund, a policy fund under Korea’s Ministry of Land, Infrastructure and Transport, has acquired a newly built logistics complex in Katowice, southern Poland, in a transaction valued at approximately USD 148 million.

The Katowice Logistics Center consists of five buildings with a combined total floor area of 109,000㎡. The complex is being developed and brought into operation in phases, with full completion scheduled for the first half of 2026. Several global and local companies have already secured leases.

Through the Katowice Logistics Center, LX Pantos plans to establish an Eastern European logistics hub and expand services for key industries such as automotive parts, consumer goods, and home appliances. The facility is also expected to serve as a forward logistics base to support reconstruction-driven demand in Ukraine once rebuilding begins.

Beyond Europe, the company is actively expanding its global operations in key strategic markets, including the United States and Asia. In the United States, LX Pantos established Boxlinks LLC, a joint venture with Ocean Network Express (ONE), and acquired a large-scale logistics center in Georgia with a site area of 304,769 m², equivalent to approximately 43 soccer fields, to strengthen its intermodal operations. In Northeast Asia, the company formed FutureLinks with Sinotrans to expand China–Korea multimodal transport and tap the fast-growing Sea & Air market driven by China-origin e-commerce cargo.

“LX Pantos operates subsidiaries in 40 countries and more than 380 global networks, delivering integrated sea, air, rail, and contract logistics solutions,” said Lee Yong-ho, Global CEO of LX Pantos. “Against this backdrop, the Katowice Logistics Center represents a strategic milestone in strengthening our presence in the European logistics market.”

  • About LX Pantos

Established in 1977, LX Pantos is a leading global logistics provider headquartered in Korea. It delivers comprehensive logistics solutions across sea, air, rail, and contract logistics through a worldwide network spanning more than 40 countries.

Rendering of the LX Pantos Katowice Logistics Center
Rendering of the LX Pantos Katowice Logistics Center

 

Lee Yong-ho, Global CEO of LX Pantos
Lee Yong-ho, Global CEO of LX Pantos

 

WEKA Accelerates AI Factory Deployment Times From Months to Minutes with Turnkey NVIDIA AI Data Platform Solution

New NeuralMesh AI Data Platform Closes the Gap Between AI Proof-of-Concept and Profitable Production, Delivering Scalable Business Intelligence and Faster AI Outcomes with NVIDIA

SAN JOSE, Calif. and CAMPBELL, Calif., March 17, 2026 /PRNewswire/ — From GTC 2026: WEKA, the AI storage and memory systems company, today announced general availability of its enterprise-ready NeuralMesh™ AI Data Platform (AIDP), which delivers composable, high-performance infrastructure optimized for AI Factory deployments. Based on NVIDIA AI Data Platform reference design, the solution is an end-to-end system that accelerates the delivery of AI-ready data to AI factories. The result: AI project timelines speed up from months to minutes, empowering organizations to deliver production-scale agentic AI applications using best-in-class technologies across their ecosystem.

WEKA and NVIDIA accelerate enterprise-ready AI factories
WEKA and NVIDIA accelerate enterprise-ready AI factories

Leveraging NeuralMesh’s uniquely adaptive architecture, the solution addresses the most persistent obstacle in enterprise AI: organizations can demonstrate AI concepts work in proof-of-concept (POC) but consistently struggle to reach production scale.

Built on more than 170 patents and over a decade of AI-native storage innovation, a foundation no competing storage platform can replicate, NeuralMesh is the only solution that gets faster and more resilient as AI environments scale to exabytes and beyond. As AI Factory data infrastructure becomes a critical layer in enterprise AI architecture, NeuralMesh is helping customers to close the gap between POC and production deployments today. Customers running NeuralMesh with Augmented Memory Grid™ can achieve 6.5x more tokens per GPU for inference workloads, reflecting the compounding advantage of a purpose-built architecture over retrofitted infrastructure.

“Enterprises are now deploying AI Factories internally, driving a major shift to inference throughout the ecosystem. These companies require rapid AI outcomes and need turnkey solutions that come with the enterprise table-stakes of reliability, security, and optimal price-performance and cost-effectiveness,” said Liran Zvibel, cofounder & CEO at WEKA. “WEKA’s NeuralMesh AIDP gives organizations everything they need to run always-on AI factories: extreme storage performance and the flexible architecture required to operationalize AI at production scale. Whether an organization is just beginning its AI journey or running full-stack NVIDIA deployments, NeuralMesh AIDP scales seamlessly as they grow.”

“The deployment of agentic AI in production demands a new focus on managing the continuous, coherent flow of data and inference context,” said Jason Hardy, vice president, storage technologies at NVIDIA. “By leveraging the NVIDIA AI Data Platform, solutions like WEKA’s NeuralMesh AIDP deliver the persistent context tier necessary for stable and high-scale agentic inference.”

One System, Every AI Workload: Delivering End-to-End AI Factories

AI factories provide enterprises with purpose-built production systems designed to operate AI at scale, but they demand storage capabilities that extend beyond where data sits to actively support context and continuous data movement. NeuralMesh, WEKA’s intelligent, adaptive storage system, delivers the continuous data-loop performance that AI factory workloads demand.

Out-of-the-Box AI Applications Designed to Accelerate Business Outcomes

NeuralMesh AIDP enables enterprises and AI cloud providers to unify AI operations from retrieval to inference on a single, ready-to-deploy platform. With pre-integrated hardware and software options from NVIDIA (including NVIDIA RTX 6000 PRO Server Edition GPUs and the newly announced NVIDIA RTX 4500 PRO Server Edition GPUs) alongside Red Hat, Spectro Cloud and Supermicro, organizations can eliminate months of AI integration work.

The platform provides a simplified solution that allows teams to focus on intelligence output rather than managing underlying infrastructure. It delivers ready-to-use pipelines for a spectrum of business use cases that work across verticals, including: Semantic Search, Video Search & Summarization (VSS), AlphaFold for drug discovery, AIQ/Agentic RAG and more.  

These AI applications are already being used by enterprise and research customers to drive outcomes across high-priority sectors:

  • Health & Life Sciences: Identify patient subgroups across multiple studies and accelerate discovery in data-intensive workflows such as cryo-EM.
  • Financial Services: Get early market signal detection as data lands and institutionalize knowledge access into a shared, secure resource.
  • Public Sector: Detect potential threats based on context and meaning, not keywords, and automate evidence synthesis across sources to improve decision-making cycles.
  • Physical AI & Robotics: Shorten the loop from real-world data capture to retrained model deployment, improving fleet performance, reliability, and time to market.

“The missing piece in production AI isn’t reasoning models or compute power. It’s having an efficient platform that unifies the AI Factory pipeline and makes it truly scalable,” said Shimon Ben-David, CTO at WEKA. “The NeuralMesh AIDP was designed to close AI’s production and profitability gap, taking enterprise experiments to full-scale operations and making AI economically viable for everything from next-generation agents to healthcare applications.”

Supporting Partner & Customer Quotes

“Getting AI to production requires more than technology— it requires consistency and control. By using the NeuralMesh AI Data Platform with Red Hat AI Enterprise, based on Red Hat OpenShift, organizations can run data-intensive AI pipelines across on-premises and cloud environments at the scale that enterprise production demands, without sacrificing governance or security,” said Ryan King, vice president, AI and Infrastructure Partners at Red Hat.

“The real challenge in AI is no longer training models. It is running them reliably in production, at scale, with predictable performance and cost. That’s where most AI initiatives stall. The NeuralMesh AI Data Platform integrates with our AI Acceleration Cloud, Neysa Velocis, to solve that problem directly. It gives teams a way to run AI workloads as dependable systems, without carrying the operational burden of stitching together complex infrastructure,” said Anindya Das, cofounder and CTO at Neysa.

Availability
The NeuralMesh AI Data Platform solution is available now, delivered as an appliance-style system. Organizations can learn more at weka.io/nvidia or visit WEKA at GTC 2026, booth #1034 for a demo.

For more information on the NeuralMesh AIDP:

About WEKA

WEKA is transforming how organizations build, run, and scale AI workflows with NeuralMesh™ by WEKA®, its intelligent, adaptive mesh storage system. Unlike traditional data infrastructure, which becomes slower and more fragile as workloads expand, NeuralMesh becomes faster, stronger, and more efficient as it scales, dynamically adapting to AI environments to provide a flexible foundation for enterprise AI and agentic AI innovation. Trusted by 30% of the Fortune 50, NeuralMesh helps leading enterprises, AI cloud providers, and AI builders optimize GPUs, scale AI faster, and reduce innovation costs. Learn more at www.weka.io or connect with us on LinkedIn and X.

WEKA and the W logo are registered trademarks of WekaIO, Inc. Other trade names herein may be trademarks of their respective owners.

WEKA: The Foundation for Enterprise AI
WEKA: The Foundation for Enterprise AI

 

FinVolution Group Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results

-Full Year 2025 Revenue reached RMB13.6 billion, up 3.8% year-over-year-

-Full Year 2025 International Transaction Volume reached RMB14.0 billion, up 38.6% year-over-year-

– Full Year International Revenues reached RMB3.3 billion, up 32.0% year-over-year and representing 24.6% of total net revenues-

SHANGHAI, March 17, 2026 /PRNewswire/ — FinVolution Group (“FinVolution” or the “Company”) (NYSE: FINV), a leading fintech platform across China and international markets, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025.

For the Three Months
Ended/As of

YoY

Change

For the Full
Year Ended /
As of December
31,

 

YoY

Change

December 31, 
2024

December
31
, 2025

2024

2025

Total Transaction Volume (RMB in
billion
s)1          

56.9

42.8

-24.8 %

206.2

200.3

-2.9 %

Transaction Volume (China’s Mainland)2

54.0

38.7

-28.3 %

196.1

186.3

-5.0 %

Transaction Volume (International)3

2.9

4.1

41.4 %

10.1

14.0

38.6 %

Total Outstanding Loan Balance (RMB in
billion
s)

71.5

70.9

-0.8 %

71.5

70.9

-0.8 %

Outstanding Loan Balance (China’s Mainland)4  

69.8

68.3

-2.1 %

69.8

68.3

-2.1 %

Outstanding Loan Balance (International)5

1.7

2.6

52.9 %

1.7

2.6

52.9 %

Fourth Quarter 2025 China Market Operational Highlights

  • Cumulative registered users6 reached 187.4 million as of December 31, 2025, an increase of 8.6% compared with December 31, 2024.
  • Cumulative borrowers7 reached 29.0 million as of December 31, 2025, an increase of 8.2% compared with December 31, 2024.
  • Number of unique borrowers8 for the fourth quarter of 2025 was 1.5 million, a decrease of 28.6% compared with the same period of 2024.
  • Transaction volume2 was RMB38.7 billion for the fourth quarter of 2025, a decrease of 28.3% compared with the same period of 2024.
  • Transaction volume facilitated for repeat individual borrowers9 for the fourth quarter of 2025 was RMB30.8 billion, a decrease of 34.0% compared with the same period of 2024.
  • Outstanding loan balance4 was RMB68.3 billion as of December 31, 2025, a decrease of 2.1% compared with December 31, 2024.
  • Average loan size10 was RMB12,877 for the fourth quarter of 2025, compared with RMB11,466 for the same period of 2024.
  • Average loan tenure11 was 8.2 months for the fourth quarter of 2025, compared with 8.0 months for the same period of 2024.
  • 90 day+ delinquency ratio12 was 2.85% as of December 31, 2025.

Fourth Quarter 2025 International Market Operational Highlights

  • Cumulative registered users13 reached 52.1 million as of December 31, 2025, an increase of 45.9% compared with December 31, 2024.
  • Cumulative borrowers14 for the international markets reached 11.7 million as of December 31, 2025, an increase of 67.1% compared with December 31, 2024.
  • Number of unique borrowers15 for the fourth quarter of 2025 was 3.8 million, an increase of 133.8% compared with the same period of 2024.
  • Number of new borrowers16 for the fourth quarter of 2025 was 1.6 million, an increase of 117.3% compared with the same period of 2024.
  • Transaction volume3 reached RMB4.1 billion for the fourth quarter of 2025, an increase of 41.4% compared with the same period of 2024.
  • Outstanding loan balance5 reached RMB2.6 billion as of December 31, 2025, an increase of 52.9% compared with December 31, 2024.
  • International business revenue was RMB950.9 million (US$136.0 million) for the fourth quarter of 2025, an increase of 28.6% compared with the same period of 2024, representing 31.4% of total revenue for the fourth quarter of 2025.

Fourth Quarter 2025 Financial Highlights

  • Net revenue was RMB3,023.9 million (US$432.4 million) for the fourth quarter of 2025, compared with RMB3,456.7 million for the same period of 2024.
  • Net profit was RMB415.5 million (US$59.4 million) for the fourth quarter of 2025, compared with RMB680.8 million for the same period of 2024.
  • Non-GAAP adjusted operating income,17 which excludes share-based compensation expenses before tax, was RMB519.8 million (US$74.3 million) for the fourth quarter of 2025, compared with RMB822.0 million for the same period of 2024.
  • Diluted net profit per American depositary share (“ADS”) was RMB1.63 (US$0.23) and diluted net profit per share was RMB0.33 (US$0.05) for the fourth quarter of 2025, compared with RMB2.61 and RMB0.52 for the same period of 2024, respectively.
  • Non-GAAP diluted net profit per ADS was RMB1.77 (US$0.25) and non-GAAP diluted net profit per share was RMB0.35 (US$0.05) for the fourth quarter of 2025, compared with RMB2.74 and RMB0.55 for the same period of 2024, respectively. Each ADS of the Company represents five Class A ordinary shares of the Company.

________________________________________________________________

1 Represents the total transaction volume facilitated in China’s Mainland and the international markets on the Company’s platforms during the period presented.

2 Represents our transaction volume facilitated in China’s Mainland during the period presented. During the fourth quarter, RMB19.0 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.

3 Represents our transaction volume facilitated in markets outside China’s Mainland during the period presented. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, for the period after its acquisition.

4 Outstanding loan balance (China’s Mainland) as of any date refers to the balance of outstanding loans in China’s Mainland market excluding loans delinquent for more than 180 days from such date. As of December 31, 2025, RMB37.8 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.

5 Outstanding loan balance (international) as of any date refers to the balance of outstanding loans in the international markets excluding loans delinquent for more than 30 days from such date. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, as of December 31, 2025, covering both pre- and post-acquisition periods.

6 On a cumulative basis, the total number of users in China’s Mainland market registered on the Company’s platform as of December 31, 2025.

7 On a cumulative basis, the total number of borrowers in China’s Mainland market registered on the Company’s platform as of December 31, 2025.

8 Represents the total number of borrowers in China’s Mainland who successfully borrowed on the Company’s platform during the period presented.

9 Represents the transaction volume facilitated for repeat borrowers in China’s Mainland who successfully completed a transaction on the Company’s platform during the period presented.

10 Represents the average loan size on the Company’s platform in China’s Mainland during the period presented.

11 Represents the average loan tenor on the Company’s platform in China’s Mainland during the period presented.

12 “90 day+ delinquency ratio” refers to the outstanding principal balance of loans, excluding loans facilitated under the capital-light model, that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of loans, excluding loans facilitated under the capital-light model on the Company’s platform as of a specific date. Loans that originated outside China’s Mainland are not included in the calculation.

13 On a cumulative basis, the total number of users registered on the Company’s platforms outside China’s Mainland market, as of December 31, 2025. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, as of December 31, 2025, covering both pre- and post-acquisition periods.

14 On a cumulative basis, the total number of borrowers on the Company’s platforms outside China’s Mainland market, as of December 31, 2025. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, as of December 31, 2025, covering both pre- and post-acquisition periods.

15 Represents the total number of borrowers outside China’s Mainland who successfully borrowed on the Company platforms during the period presented. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, for the period after its acquisition.

16 Represents the total number of new borrowers outside China’s Mainland whose transactions were facilitated on the Company’s platforms during the period presented. These operating data include those of Fundo Loans Pty Ltd, an Australian company acquired in October 2025, for the period after its acquisition.

17 Please refer to “UNAUDITED Reconciliation of GAAP and Non-GAAP Results” for reconciliation between GAAP and Non-GAAP adjusted operating income.

Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution, commented, “In 2025, we proudly celebrated FinVolution’s 18th anniversary, marking a milestone in our evolution from a passionate Chinese fintech pioneer to a regional platform expanding responsible credit access across Asia and beyond. Despite a challenging macro and regulatory environment in China, we delivered resilient full-year results, with Group revenue of RMB13.6 billion, up 3.8% year over year, and net profit rising 6.6% to RMB2.5 billion. Our effective ‘Local Excellence, Global Outlook’ strategy drove international revenue to a record 31.4% contribution in the fourth quarter, highlighted by full-year profitability in Indonesia and the Philippines.

“We also made a strategic entry into our first developed market, Australia, employing the regulatory maturity and consumer-first mindset we have developed in China alongside our successful experience scaling in Southeast Asia. Going forward, our resilient risk management, ongoing AI innovation investments, and responsible growth will ensure prudent management of our China business while continue to accelerate sustainable international expansion. As we build on our international momentum, we remain committed to delivering growth and enduring value for our users, partners, and shareholders through disciplined execution,” concluded Mr. Li.

Mr. Jiayuan Xu, Chief Financial Officer of FinVolution, continued, “In the fourth quarter, we navigated a complex environment, prioritizing portfolio quality in China while sustaining strong growth internationally. Group net revenue was RMB3.0 billion and net income was RMB415.5 million, reflecting the near-term impact of tighter underwriting in China, offset by a 28.6% year-over-year increase in international revenues. We also recorded robust international transaction volume growth of 41.4% year over year to RMB4.1 billion and unique borrowers up 133.8% to 3.8 million, underscoring the resilience of our diversified model and our ability to adapt quickly in a dynamic landscape.

“Meanwhile, we continued to deliver meaningful shareholder returns, executing US$107.2 million in full-year buybacks, including a record US$40.7 million in the fourth quarter, and increasing our dividend per ADS by 10.5% to US$0.306, totaling approximately US$74.5 million for 2025. Our Chairman and senior management team recently invested an additional US$1.9 million of their own capital, reflecting strong internal confidence in our valuation and long-term prospects. We will continue to advance our strategy with a clear emphasis on execution quality and portfolio resilience, balancing growth and risk management to drive sustainable returns and value creation,” concluded Mr. Xu.

Fourth Quarter 2025 Financial Results

Net revenue for the fourth quarter of 2025 was RMB3,023.9 million (US$432.4 million), compared with RMB3,456.7 million for the same period of 2024. This decrease was primarily due to decreases in loan facilitation service fees, post-facilitation service fees and guarantee income, partially offset by increases in net interest income and other revenue.

Loan facilitation service fees were RMB848.9 million (US$121.4 million) for the fourth quarter of 2025, compared with RMB1,344.8 million for the same period of 2024. The decrease was primarily due to decreases in the transaction volume and average rate of transaction service fees in the China market, partially offset by the increase in transaction volume in international markets.

Post-facilitation service fees were RMB392.8 million (US$56.2 million) for the fourth quarter of 2025, compared with RMB460.5 million for the same period of 2024. This decrease was primarily due to the rolling impact of deferred transaction fees. 

Guarantee income was RMB948.5 million (US$135.6 million) for the fourth quarter of 2025, compared with RMB1,205.5 million for the same period of 2024. This decrease was primarily due to the decrease in risk-bearing loans in the China market, as well as the rolling impact of deferred guarantee income. The fair value of quality assurance commitment upon loan origination is released as guarantee income systematically over the term of the loans subject to quality assurance commitment. 

Net interest income was RMB471.9 million (US$67.5 million) for the fourth quarter of 2025, compared with RMB217.9 million for the same period of 2024. This increase mainly resulted from the increase in the average outstanding loan balances of on-balance sheet loans in both China and the international markets, partially offset by the decrease in interest yield in the China market.

Other revenue was RMB361.8 million (US$51.7 million) for the fourth quarter of 2025, compared with RMB228.0 million for the same period of 2024. This increase was primarily due to the increase in the contributions from other revenue streams including other value-added services.

Origination, servicing expenses and other costs of revenue were RMB847.3 million (US$121.2 million) for the fourth quarter of 2025, compared with RMB664.0 million for the same period of 2024. This increase was primarily driven by the increase in employee expenditures and higher loan collection expenses in both China and the international markets.

Sales and marketing expenses were RMB512.4 million (US$73.3 million) for the fourth quarter of 2025, compared with RMB531.5 million for the same period of 2024. This decrease was primarily due to improved efficiency and decreased investment in marketing activities in China.

Research and development expenses were RMB142.6 million (US$20.4 million) for the fourth quarter of 2025, compared with RMB126.3 million for the same period of 2024. This increase was primarily due to increased investments in technology development.        

General and administrative expenses were RMB124.5 million (US$17.8 million) for the fourth quarter of 2025, compared with RMB112.6 million for the same period of 2024, primarily due to higher professional service fees in the international market.

Provision for accounts receivable and contract assets was RMB106.4 million (US$15.2 million) for the fourth quarter of 2025, compared with RMB95.1 million for the same period of 2024. The increase was primarily due to increased transaction volume of off-balance sheet loans in the international market, partially offset by decrease in volume of off-balance sheet loans in the China market. 

Provision for loans receivable was RMB261.7 million (US$37.4 million) for the fourth quarter of 2025, compared with RMB64.3 million for the same period of 2024. This increase was primarily due to the increase in the outstanding loan balance of on-balance sheet loans in both China and the international markets.

Credit losses for quality assurance commitment were RMB546.4 million (US$78.1 million) for the fourth quarter of 2025, compared with RMB1,075.0 million for the same period of 2024. The decrease was primarily due to the decrease in risk-bearing loans in the China market.

Operating profit was RMB482.7 million (US$69.0 million) for the fourth quarter of 2025, compared with RMB787.9 million for the same period of 2024.

Non-GAAP adjusted operating income, which excludes share-based compensation expenses before tax, was RMB519.8 million (US$74.3 million) for the fourth quarter of 2025, compared with RMB822.0 million for the same period of 2024.

Other income was RMB20.8 million (US$3.0 million) for the fourth quarter of 2025, compared with RMB25.9 million for the same period of 2024. The decrease was mainly due to lower gains from a reduction in investment products.

Income tax expense was RMB87.9 million (US$12.6 million) for the fourth quarter of 2025, compared with RMB133.1 million for the same period of 2024. This decrease was mainly due to the decrease in pre-tax profit.

Net profit was RMB415.5 million (US$59.4 million) for the fourth quarter of 2025, compared with RMB680.8 million for the same period of 2024.

Net profit attributable to ordinary shareholders of the Company was RMB424.7 million (US$60.7 million) for the fourth quarter of 2025, compared with RMB680.7 million for the same period of 2024.

Diluted net profit per ADS was RMB1.63 (US$0.23) and diluted net profit per share was RMB0.33 (US$0.05) for the fourth quarter of 2025, compared with RMB2.61 and RMB0.52 for the same period of 2024, respectively.

Non-GAAP diluted net profit per ADS was RMB1.77 (US$0.25) and non-GAAP diluted net profit per share was RMB0.35 (US$0.05) for the fourth quarter of 2025, compared with RMB2.74 and RMB0.55 for the same period of 2024, respectively. Each ADS represents five Class A ordinary shares of the Company.

As of December 31, 2025, the Company had cash and cash equivalents of RMB 4,285.1 million (US$612.8 million) and short-term investments, mainly in wealth management products and term deposits, of RMB3,015.2 million (US$431.2 million).

The following chart shows the historical cumulative 30-day plus past due delinquency rates by loan origination vintage for loan products facilitated through the Company’s platform in China’s Mainland as of December 31, 2025. Loans facilitated under the capital-light model, for which the Company does not bear principal risk, are excluded from the chart.

Click here to view the chart.

Fiscal Year 2025 Financial Results

Net revenue for 2025 was RMB13,569.5 million (US$ 1,940.4 million), compared with RMB13,065.8 million in 2024. This increase was primarily due to increases in loan facilitation service fees, net interest income and other revenue, partially offset by decreases in guarantee income and post-facilitation service fees.

Loan facilitation service fees were RMB5,176.5 million (US$740.2 million) for 2025, compared with RMB4,694.4 million in 2024. The increase was primarily due to increases in transaction volume and average rate of transaction service fees in the international markets, partially offset by the decreases in transaction volume and average rate of transaction service fees in the China market.

Post-facilitation service fees were RMB1,629.8 million (US$233.1 million) for 2025, compared with RMB1,740.2 million in 2024. This decrease was primarily due to the rolling impact of deferred transaction fees. 

Guarantee income was RMB4,124.9 million (US$589.9 million) for 2025, compared with RMB5,085.3 million in 2024. This decrease was primarily due to the decrease in risk-bearing loans in the China market, partially offset by an increase in such loans in international markets, as well as the rolling impact of deferred guarantee income. The fair value of quality assurance commitment upon loan origination is released as guarantee income systematically over the term of the loans subject to quality assurance commitment. 

Net interest income was RMB1,336.5 million (US$191.1 million) for 2025, compared with RMB853.8 million in 2024. This increase mainly resulted from the increase in the average outstanding loan balances of on-balance sheet loans in both China and the international markets.

Other revenue was RMB1,301.9 million (US$186.2 million) for 2025, compared with RMB692.1 million in 2024. This increase was primarily due to the increase in the contributions from other revenue streams including other value-added services.

Origination, servicing expenses and other costs of revenue were RMB2,900.1 million (US$414.7 million) for 2025, compared with RMB2,381.8 million in 2024. This increase was primarily driven by higher facilitation costs in both China and international markets.

Sales and marketing expenses were RMB2,200.5 million (US$314.7 million) for 2025, compared with RMB2,014.3 million in 2024 as a result of our more proactive customer acquisition efforts focusing on quality borrowers in both China and the international markets.

Research and development expenses were RMB536.6 million (US$76.7 million) for 2025, compared with RMB496.7 million in 2024. This increase was primarily due to increased investments in technology development.

General and administrative expenses were RMB442.1 million (US$63.2 million) for 2025, compared with RMB413.5 million in 2024, primarily due to increases in rents and renovation expenses, professional service fees and miscellaneous administrative expenses.

Provision for accounts receivable and contract assets was RMB426.0 million (US$60.9 million) for 2025, compared with RMB317.0 million in 2024. The increase was primarily due to increased transaction volume of off-balance sheet loans in the international market. 

Provision for loans receivable was RMB637.7 million (US$91.2 million) for 2025, compared with RMB320.0 million in 2024. This increase was primarily due to the increase in the outstanding loan balance of on-balance sheet loans in both China and the international markets.

Credit losses for quality assurance commitment were RMB3,462.4 million (US$495.1 million) for 2025, compared with RMB4,587.3 million in 2024. The decrease was primarily due to the decrease in risk-bearing loans in the China market, partially offset by the increase in risk-bearing loans in the international markets.

Impairment of goodwill and intangible assets was RMB50.7 million (US$7.2 million) for 2025, compared with nil for the same period of 2024. The increase was primarily due to an impairment of goodwill related to a certain micro-lending company acquired by the Group in 2017, following a performance review during the year.

Operating profit was RMB2,913.3 million (US$416.6 million) for 2025, compared with RMB2,535.1 million in 2024.

Non-GAAP adjusted operating income, which excludes share-based compensation expenses before tax, was RMB3,062.3 million (US$437.9 million) for 2025, compared with RMB2,679.2 million in 2024.

Other income was RMB188.1 million (US$26.9 million) for 2025, compared with RMB310.1 million in 2024. The decrease was mainly due to lower gains from a reduction in investment products, reduced income from investments, and the reduction in government subsidies.

Income tax expense was RMB556.2 million (US$79.5 million) for 2025, compared with RMB457.4 million in 2024. This increase was mainly due to the increase in pre-tax profit and the increase in effective tax rate.

Net profit was RMB2,545.2 million (US$364.0 million) for 2025, compared with RMB2,387.8 million in 2024.

Net profit attributable to ordinary shareholders of the Company was RMB2,542.4 million (US$363.6 million) for 2025, compared with RMB2,383.1 million in 2024.

Shares Repurchase Update and Management Purchase

For the full year of 2025, the Company deployed approximately US$107.2 million to repurchase its own Class A ordinary shares in the form of ADSs. These repurchases included US$60.7 million worth of ADSs that were repurchased concurrently with the offering of convertible senior notes in June. As of December 31, 2025, in combination with the Company’s historical and existing share repurchase programs, the Company had cumulatively repurchased its own Class A ordinary shares in the form of ADSs with a total aggregate value of approximately US$477.3 million since 2018.

In December 2025, Chairman of the Board Mr. Shaofeng Gu and other senior management of the Company, purchased in their personal capacity approximately 0.37 million of the Company’s ADS, with a total aggregate value of approximately US$1.9 million, independently of the Company’s share repurchase programs. The share purchases by senior management reflect strong conviction in the Company’s resilient business model, solid fundamentals, and accelerating international expansion. We believe these strengths, supported by the current valuation, position the Company well to execute its “Local Excellence, Global Outlook” strategy and deliver sustainable value to all stakeholders.

Business Outlook

Through prudent navigation of a complex environment, the Company delivered solid results in 2025. As a result of the near-term uncertainties introduced by recent regulatory changes in China, the Company expects its full-year 2026 total revenue guidance to be in the range of approximately RMB11.5 billion to RMB12.9 billion, representing a year-over-year decline of approximately 5% to 15%.

The above forecast is based on the current market conditions and reflects the Company’s current preliminary views and expectations on market and operational conditions and the regulatory and operating environment, as well as customers’ and institutional partners’ demands, all of which are subject to change.

Conference Call

The Company’s management will host an earnings conference call at 8:30 PM U.S. Eastern Time on March 16, 2026 (8:30 AM Beijing/Hong Kong Time on March 17, 2026).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

+1-888-346-8982

Canada (toll free):

+1-855-669-9657

International:

+1-412-902-4272

Hong Kong, China (toll free):

800-905-945

Mainland, China:

400-120-1203

Participants should dial in at least five minutes before the scheduled start time and ask to be connected to the call for “FinVolution Group”.

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.finvgroup.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until March 23, 2026, by dialing the following telephone numbers:

United States / Canada (toll free):                

+1-855-669-9658

International:

+1-412-317-0088

Replay Access Code:

9046716

About FinVolution Group

FinVolution Group is a leading fintech platform with strong brand recognition across China and international markets, connecting borrowers of the young generation with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platforms, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of December 31, 2025, the Company had 239.6 million cumulative registered users across China and international markets.

For more information, please visit https://ir.finvgroup.com

Use of Non-GAAP Financial Measures

We use non-GAAP adjusted operating income, non-GAAP operating margin, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. We believe that these non-GAAP financial measures help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP adjusted operating income, non-GAAP operating margin, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on this non-GAAP financial measure, please see the table captioned “Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.9931 to US$1.00, the rate in effect as of December 31, 2025 as certified for customs purposes by the Federal Reserve Bank of New York.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company’s marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
FinVolution Group
Head of Capital Markets
Yam Cheng
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: ir@xinye.com 

Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com   

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

 

(All amounts in thousands, except share data, or otherwise noted)

As of December 31,

As of December 31,

2024

2025

RMB

RMB

USD

Assets

Cash and cash equivalents

4,672,772

4,285,121

612,764

Restricted cash

2,074,300

1,912,850

273,534

Short-term investments

2,832,382

3,015,226

431,172

Investments

1,173,003

1,141,816

163,278

Quality assurance receivable, net of credit loss allowance for
quality assurance receivable of RMB426,949 and RMB
581,475 as of December 31, 2024 and December 31, 2025,
respectively

1,639,591

1,315,184

188,069

Intangible assets

137,298

270,246

38,645

Property, equipment and software, net

623,792

641,316

91,707

Loans receivable, net of credit loss allowance for loans
receivable of RMB226,467 and RMB 544,905 as of
December 31, 2024 and December 31, 2025,
respectively

4,157,621

6,471,619

925,429

Accounts receivable and contract assets, net of credit loss
allowance for accounts receivable and contract assets of
RMB290,267 and RMB 340,816 as of December 31, 2024
and December 31, 2025, respectively

2,405,880

2,028,585

290,084

Deferred tax assets

2,513,865

2,992,071

427,860

Right of use assets

36,826

52,020

7,439

Prepaid expenses and other assets

1,289,380

1,207,791

172,712

Goodwill

50,411

79,759

11,405

Total assets

23,607,121

25,413,604

3,634,098

Liabilities and Shareholders’ Equity

Deferred guarantee income

1,515,950

1,119,004

160,015

Liability from quality assurance commitment

2,964,116

2,574,842

368,198

Payroll and welfare payable

290,389

361,188

51,649

Taxes payable

705,928

177,064

25,320

Short-term borrowings

5,594

170,408

24,368

Funds payable to investors of consolidated trusts

796,122

778,531

111,328

Contract liability

10,185

226

32

Deferred tax liabilities

491,213

786,556

112,476

Accrued expenses and other liabilities

1,245,184

1,448,231

207,094

Leasing liabilities

28,765

44,711

6,394

Convertible senior notes

1,019,266

145,753

Long-term borrowings

89,590

12,811

Total liabilities

8,053,446

8,569,617

1,225,438

Commitments and contingencies

FinVolution Group Shareholders’ equity

Ordinary shares

103

103

15

Additional paid-in capital

5,815,437

5,908,586

844,917

Treasury stock

(1,765,542)

(2,465,259)

(352,527)

Statutory reserves

852,723

1,042,312

149,049

Accumulated other comprehensive income

92,626

13,027

1,863

Retained Earnings

10,208,717

12,051,332

1,723,318

Total FinVolution Group shareholders’ equity

15,204,064

16,550,101

2,366,635

Non-controlling interest

349,611

293,886

42,025

Total shareholders’ equity

15,553,675

16,843,987

2,408,660

Total liabilities and shareholders’ equity

23,607,121

25,413,604

3,634,098

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 

(All amounts in thousands, except share data, or otherwise noted)

For the Three Months Ended December 31,

For the Year Ended December 31,

2024

2025

2024

2025

RMB

RMB

USD

RMB

RMB

USD

Operating revenue:

Loan facilitation service fees

1,344,799

848,943

121,397

4,694,380

5,176,457

740,224

Post-facilitation service fees

460,465

392,756

56,163

1,740,241

1,629,777

233,055

Guarantee income

1,205,502

948,461

135,628

5,085,296

4,124,934

589,858

        Net interest income

217,927

471,922

67,484

853,779

1,336,459

191,111

Other Revenue

227,999

361,802

51,737

692,128

1,301,856

186,163

Net revenue

3,456,692

3,023,884

432,409

13,065,824

13,569,483

1,940,411

Operating expenses:

       Origination, servicing expenses and other cost of
revenue

(663,982)

(847,318)

(121,165)

(2,381,839)

(2,900,149)

(414,716)

Sales and marketing expenses

(531,530)

(512,448)

(73,279)

(2,014,254)

(2,200,543)

(314,673)

Research and development expenses

(126,257)

(142,573)

(20,388)

(496,740)

(536,617)

(76,735)

General and administrative expenses

(112,570)

(124,454)

(17,797)

(413,548)

(442,148)

(63,226)

Provision for accounts receivable and contract
assets

(95,132)

(106,405)

(15,216)

(317,049)

(425,966)

(60,912)

Provision for loans receivable

(64,346)

(261,657)

(37,416)

(320,013)

(637,700)

(91,190)

Credit losses for quality assurance commitment

(1,074,955)

(546,374)

(78,130)

(4,587,254)

(3,462,384)

(495,114)

Impairment of goodwill and intangible assets

(50,676)

(7,247)

Total operating expenses

(2,668,772)

(2,541,229)

(363,391)

(10,530,697)

(10,656,183)

(1,523,813)

Operating profit

787,920

482,655

69,018

2,535,127

2,913,300

416,598

Other income, net

25,945

20,776

2,971

310,123

188,145

26,904

Profit before income tax expense

813,865

503,431

71,989

2,845,250

3,101,445

443,502

Income tax expenses

(133,110)

(87,904)

(12,570)

(457,405)

(556,243)

(79,542)

Net profit

680,755

415,527

59,419

2,387,845

2,545,202

363,960

          Less: Net profit/(loss) attributable to non-
controlling interest shareholders

50

(9,186)

(1,314)

4,699

2,797

400

Net profit attributable to FinVolution Group

680,705

424,713

60,733

2,383,146

2,542,405

363,560

          Foreign currency translation adjustment, net of
nil tax

28,205

(18,371)

(2,627)

12,620

(79,599)

(11,383)

Total comprehensive income attributable

to FinVolution Group

708,910

406,342

58,106

2,395,766

2,462,806

352,177

Weighted average number of ordinary shares used
      in
computing net income per share

Basic

1,266,235,809

1,240,449,252

1,240,449,252

1,287,853,207

1,259,849,521

1,259,849,521

Diluted

1,303,393,465

1,328,365,218

1,328,365,218

1,320,229,492

1,334,237,985

1,334,237,985

Net profit per share attributable to FinVolution
      Group’s ordinary shareholders

Basic

0.54

0.34

0.05

1.85

2.02

0.29

Diluted

0.52

0.33

0.05

1.81

1.92

0.27

Net profit per ADS attributable to FinVolution
      Group’s ordinary shareholders (one ADS
      equal five ordinary shares)

Basic

2.69

1.71

0.24

9.25

10.09

1.44

Diluted

2.61

1.63

0.23

9.03

9.59

1.37

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 

 (All amounts in thousands, except share data, or otherwise noted)

Three Months Ended December 31,

Year Ended December 31,

2024

2025

2024

2025

RMB

RMB

USD

RMB

RMB

USD

Net cash provided by operating
activities

419,707

464,913

66,482

2,893,160

1,867,600

267,064

Net cash used in investing
activities

(737,991)

(330,241)

(47,222)

(2,295,816)

(2,183,697)

(312,263)

Net cash provided by/(used in)
financing activities

127,539

(530,864)

(75,912)

(622,715)

(194,696)

(27,841)

Effect of exchange rate changes
on cash and cash equivalents

5,407

(13,185)

(1,888)

3,053

(38,308)

(5,480)

Net decrease in cash, cash
equivalent and restricted cash

(185,338)

(409,377)

(58,540)

(22,318)

(549,101)

(78,520)

Cash, cash equivalent and
restricted cash at beginning of
period

6,932,410

6,607,348

944,838

6,769,390

6,747,072

964,818

Cash, cash equivalent and
restricted cash at end of period

6,747,072

6,197,971

886,298

6,747,072

6,197,971

886,298

 

 

FinVolution Group

UNAUDITED Reconciliation of GAAP and Non-GAAP Results

 

 (All amounts in thousands, except share data, or otherwise noted)

For the Three Months Ended December 31,

For the Year Ended December 31,

2024

2025

2024

2025

RMB

RMB

USD

RMB

RMB

USD

Net Revenues

3,456,692

3,023,884

432,409

13,065,824

13,569,483

1,940,411

Less: total operating expenses

(2,668,772)

(2,541,229)

(363,391)

(10,530,697)

(10,656,183)

(1,523,813)

Operating Income

787,920

482,655

69,018

2,535,127

2,913,300

416,598

Add: share-based compensation expenses

34,064

37,183

5,317

144,052

149,045

21,313

Non-GAAP adjusted operating income

821,984

519,838

74,335

2,679,179

3,062,345

437,911

Operating Margin

22.8 %

16.0 %

16.0 %

19.4 %

21.5 %

21.5 %

Non-GAAP operating margin

23.8 %

17.2 %

17.2 %

20.5 %

22.6 %

22.6 %

Non-GAAP adjusted operating income

821,984

519,838

74,335

2,679,179

3,062,345

437,911

Add: other income, net

25,945

20,776

2,971

310,123

188,145

26,904

Less: income tax expenses

(133,110)

(87,904)

(12,570)

(457,405)

(556,243)

(79,542)

Non-GAAP net profit

714,819

452,710

64,736

2,531,897

2,694,247

385,273

Net profit/(loss) attributable to non-controlling interest

shareholders

50

(9,186)

(1,314)

4,699

2,797

400

Non-GAAP net profit attributable to FinVolution Group

714,769

461,896

66,050

2,527,198

2,691,450

384,873

Weighted average number of ordinary
shares used in computing net income
per share

Basic

1,266,235,809

1,240,449,252

1,240,449,252

1,287,853,207

1,259,849,521

1,259,849,521

Diluted

1,303,393,465

1,328,365,218

1,328,365,218

1,320,229,492

1,334,237,985

1,334,237,985

Non-GAAP net profit per share
attributable to FinVolution Group’s
ordinary shareholders

Basic

0.56

0.37

0.05

1.96

2.14

0.31

Diluted

0.55

0.35

0.05

1.91

2.03

0.29

Non-GAAP net profit per ADS
attributable to    FinVolution Group’s
ordinary shareholders (one ADS equal
five ordinary shares)

Basic

2.82

1.86

0.27

9.81

10.68

1.53

Diluted

2.74

1.77

0.25

9.57

10.15

1.44