0001193125-26-183485
SEC filingJiayin Group delivered strong financial performance in FY2025, with revenue, operating income, net income, and EPS all growing significantly year-over-year—driven by improved operating leverage and scale—while operating cash flow moderated as the company managed guarantee-related working capital and continued strategic investments.
Jiayin Group’s FY2025 results reflect a period of accelerated profitability growth, anchored by revenue expansion and disciplined cost management. Revenue rose 7.3% to $6.2 billion, supported by continued demand for the company’s loan facilitation and guarantee services. This top-line growth enabled outsized gains further down the income statement: operating income increased 44.0% to $1.8 billion, and operating margin expanded to 28.9%, signaling effective scaling of the operating model. Net income grew 45.4% to $1.5 billion, and diluted EPS rose 47.9% to $7.35—both consistent with the underlying improvement in operating leverage and margin efficiency.
Net cash provided by operating activities totaled $1.26 billion in FY2025, a decrease from $1.43 billion in FY2024. This moderation reflects working capital movements associated with the company’s guarantee obligations—including timing of contingent liability settlements and related deposits—as noted in the Management Discussion. Capital expenditures were $635.1 million, down from $739.1 million in FY2024, supporting infrastructure and technology initiatives without materially increasing outlays. Free cash flow—the difference between operating cash flow and capital expenditures—was $622.3 million, underscoring the business’s capacity to generate sustainable cash after reinvestment.
As highlighted in Item 7, Jiayin Group operates within a regulatory framework that imposes restrictions on foreign exchange conversion and cross-border fund transfers. Approval from Chinese authorities is required to convert RMB into foreign currency for certain capital purposes, and the company relies on dividends and distributions from its PRC subsidiaries to meet part of its liquidity needs. Notably, no capital contributions or loans were made to PRC subsidiaries or the consolidated VIE during FY2025—a structural point relevant to understanding capital allocation discipline and intercompany liquidity flows.