Yiren Digital Swings to Q1 Loss of RMB 495M as Revenue Plunges 41%
YRD is trading near its 52-week low of $1.08 (9.3% above the low).
Summary
Yiren Digital reported a significant Q1 net loss of RMB 494.71 million, swinging from a profit, with revenue plunging 41% year-over-year to RMB 915.14 million. Adjusted EBITDA also swung to a loss. This continues a negative financial trend, following the 20-F filing in April that reported a 96.6% plunge in net income for 2025. The poor Q1 results emerge despite the Executive Chairman and CEO significantly increasing his indirect beneficial ownership in early June, as detailed in recent 6-K and 13D/A filings. The substantial loss and revenue decline are primarily driven by lower loan origination and service fees in its credit solution business, impacted by a new regulatory framework and a focus on risk-adjusted growth. The company anticipates "more meaningful profitability gains" in the second half of 2026.
At the time of this announcement, YRD was trading at $1.18 on NYSE in the Finance sector, with a market capitalization of approximately $98.7M. The 52-week trading range was $1.08 to $6.79. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.