Jiayin reports sharp transaction volume decline, lower revenue, and net loss as credit standards tighten.
Stock Earnings Results
June 23, 2026
Table of Contents
June 23, 2026
Jiayin Group Inc. (NASDAQ: JFIN) reported first-quarter 2026 results with sharply lower transaction volume, lower revenue, and a swing to net loss as the company tightened credit standards and recalibrated its business strategy.
Jiayin is a China-based fintech platform that connects borrowers with financial institutions, using technology, data analytics, and risk management tools to support loan facilitation and related services.
Transaction volume declined 45.8% year-over-year to RMB19.3 billion, or $2.8 billion.
Net revenue fell 57.4% to RMB756.7 million, or $109.7 million, mainly due to lower transaction volume and service fee adjustments.
Loan facilitation services revenue decreased 68.9% to RMB460.1 million. Revenue from releasing guarantee liabilities increased to RMB217.7 million from RMB170.6 million, helped by higher average outstanding loan balances tied to guarantee services.
Other revenue fell to RMB78.9 million from RMB126.4 million, mainly due to lower referral fee contribution.
Jiayin reported a loss from operations of RMB70.1 million, compared with operating income of RMB606.6 million in the prior-year quarter.
Net loss was RMB61.7 million, or $8.9 million, compared with net income of RMB539.5 million a year earlier.
Basic and diluted net loss per ADS were both RMB1.16, or $0.16, compared with net income per ADS of RMB10.12 last year.
Sales and marketing expenses decreased 49.6% to RMB340.1 million due to lower borrower acquisition expenses. General and administrative expenses fell 16.5% to RMB44.1 million.
Research and development expenses rose 24.6% to RMB109.8 million, reflecting continued investment in technology infrastructure and AI-driven risk management.
Repeat borrowing contribution increased to 76.3% from 71.9% a year earlier, showing that more volume came from existing borrowers.
The 90 day-plus delinquency ratio was 2.25% as of March 31, 2026.
Jiayin expects second-quarter transaction volume of RMB9.5 billion to RMB10.5 billion. That outlook points to another sequential decline as the company prioritizes asset quality, operational resilience, and stricter credit standards.
Cash and cash equivalents were RMB43.4 million, down from RMB61.8 million at the end of 2025.
Jiayin extended its share repurchase plan for another 12 months, through June 12, 2027.
As of June 23, 2026, the company had repurchased about 4.6 million ADSs for approximately $30.4 million.
Jiayin’s quarter showed a major reset.
The company is pulling back on volume, tightening credit standards, and investing more in risk management as China’s fintech lending environment remains pressured. The trade-off is clear: lower near-term revenue and profitability in exchange for stronger asset quality and a more controlled operating base.
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