X Financial (NYSE:XYF)

Q1 2026 X Financial Earnings Call Transcript

May 28, 2026 / 11:30 AM GMT

Release Date Price: $4.73 (-2.87%)

Transcript

Key Points

Positve

X Financial (XYF) maintained a disciplined approach in a challenging operating environment, prioritizing credit quality and risk management.
The company made progress in shifting its origination mix towards internally operated channels, reducing reliance on higher-cost third-party traffic.
Operational efficiency improved through tightened underwriting criteria, strengthened compliance infrastructure, and increased process automation.
Despite a decline in revenue, operating margin improved to 12% from 1.4% in Q4 2025, indicating better cost management.
X Financial (XYF) continued its share repurchase program, reflecting a commitment to returning value to shareholders.

Negative

Loan origination volume declined significantly, with a 58.4% year-over-year decrease, impacting revenue generation.
The borrower base contracted sharply, with a 60.6% year-over-year decline in active borrowers.
Delinquency rates increased, with the 91 to 180-day delinquency rate rising to 9.95%, indicating heightened credit risk.
Net income dropped significantly to $37.9 million from $458.1 million in Q1 2025, reflecting higher credit provisions and reduced revenue.
The regulatory environment in China remains uncertain, posing potential risks to future operating results and profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

XYF.N - X Financial
Q1 2026 X Financial Earnings Call
May 28, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the XFinancial First Quarter 2026 Earnings Conference Call.

All participants will be in a listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press star then one on a touch tone phone.

To withdraw your question, please press then 2.

Please note this event is being recorded.

I would now like to turn the conference over to Victoria Yu. Please go ahead.

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Unidentified_2 [2]
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