Qfin Holdings Files IFRS Reconciliation for 2025 Annual Report, Supplementing US GAAP Financials
Summary
Qfin Holdings, Inc. filed supplemental disclosures reconciling its 2025 annual financial statements from U.S. GAAP to International Financial Reporting Standards (IFRS) for its Hong Kong Annual Report.
Key Events
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IFRS Reconciliation Filed
Qfin Holdings, Inc. published its 2025 annual report for the Hong Kong Stock Exchange, including a detailed reconciliation of its financial statements from U.S. GAAP to International Financial Reporting Standards (IFRS).
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Material Accounting Differences
The reconciliation highlights significant adjustments for items such as expected credit losses, effective interest rates on loans, share-based compensation, financial guarantees, and convertible senior notes, impacting both income statements and balance sheets for 2024 and 2025.
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Supplements Prior 20-F Filing
This filing provides supplemental information to the Form 20-F annual report for fiscal year 2025, which was filed on April 27, 2026, offering a dual-standard view of the company's financials.
Analysis
This 6-K provides crucial additional context to the 2025 annual report previously filed on Form 20-F. For a foreign private issuer like Qfin Holdings, understanding the differences between U.S. GAAP and IFRS is important for investors, especially those comparing the company to IFRS-reporting peers or following its HKEX listing. The reconciliation highlights material adjustments to revenue, operating expenses, net income, and balance sheet items, offering a comprehensive view of the company's financial performance and position under both accounting frameworks.
At the time of this filing, QFIN was trading at $13.40 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $12.29 to $47.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.