X Financial Reports 23.9% Revenue Growth Amid Quarter-over-Quarter Profit Decline and Strategic Adjustments

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X Financial Reports 23.9% Revenue Growth Amid Quarter-over-Quarter Profit Decline and Strategic Adjustments

Bitget-RWA2025/11/23 14:14

By:Bitget-RWA

- X Financial reported 23.9% YoY revenue growth in Q3 2025 despite 26.1% sequential non-GAAP net income decline, driven by rising credit costs and moderating borrower activity. - Strategic pivot to disciplined risk management projected Q4 2025 loan originations of RMB21-23B, while $48M remains in its $100M share repurchase program after 4.26M ADSs bought back in 2025. - XRP Tundra accelerates institutional acquisition with December 15 retail allocation deadline, while CI Global merged funds and expanded cu

X Financial (NYSE: XYF) posted a 23.9% year-over-year growth in total net revenue for the third quarter of 2025, fueled by a 12.1% increase in GAAP net income, even as earnings per ADS declined compared to the previous quarter

as revealed in the Q3 financial report

. The Q3 update from the company pointed to a tough business climate, with higher credit expenses and reduced borrower activity weighing on results. For the quarter, total net revenue stood at RMB1.96 billion, representing a 13.7% drop from Q2 but a 23.9% rise year-over-year.

Non-GAAP adjusted net income decreased by 26.1% from the previous quarter

to RMB438.17 million, highlighting ongoing operational challenges.

X Financial Reports 23.9% Revenue Growth Amid Quarter-over-Quarter Profit Decline and Strategic Adjustments image 0

X Financial’s leadership stressed a renewed commitment to prudent risk controls and asset quality, projecting Q4 2025 loan originations between RMB21.0 billion and RMB23.0 billion.

This conservative forecast comes after a quarter-over-quarter drop

in Q3 loan originations and reflects the company’s emphasis on steady, long-term growth. Shareholders also saw benefits from robust capital return strategies, as

X Financial

bought back about 4.26 million ADSs

in 2025 as part of its $100 million share repurchase plan, leaving $48 million available for future buybacks.

At the same time, institutional players in the crypto industry are bracing for significant changes as

XRP Tundra announced an expedited institutional acquisition phase

, with the final window for retail allocations closing on December 15. This project, which operates across the

XRP

Ledger and

Solana

blockchains,

stated that pricing after the acquisition

will move to an institutional model, signaling the conclusion of its funding phase。

A detailed update on governance reforms

and new partnerships is expected within a week, highlighting the project’s commitment to openness and systematic growth.

In the conventional asset management sector, CI Global Asset Management

completed a set of fund consolidations

, including the closure of the CI Bio-Revolution Index ETF and its merger into the CI Global Healthcare Leaders Index ETF. These mergers, which received approval from securityholders, were carried out on both taxable and non-taxable bases, with reinvested distributions streamlining investor holdings.

The company also broadened its custodial arrangements

for the CI Alternative Investment Grade Credit Fund, naming TD Securities Inc. and BMO Nesbitt Burns Inc. as additional custodians.

The Nicholas Crypto Income ETF (BLOX) reached a new benchmark,

exceeding $50 million in managed assets

. However, the fund’s concentrated structure and exposure to the crypto sector bring increased risks, such as liquidity constraints and sensitivity to interest rate changes.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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