Chinese consumer lender Qudian's Q3 revenue falls as delivery business winds down
Qudian's Q3 2025 revenue fell 84.5% year-over-year due to the winding down of its last-mile delivery business. However, net income rose significantly, driven by higher investment income. The company repurchased 26.3 million ADSs for $71.1 million under its share buyback program. General and administrative expenses increased by 41.1% due to new headquarters costs. Qudian aims to navigate market dynamics and capitalize on new business opportunities.
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Overview
- Qudian Q3 2025 revenue drops 84.5% yr/yr due to winding down last-mile delivery
- Net income for Q3 2025 rises significantly, driven by higher investment income
- Company repurchased 26.3 mln ADSs for US$71.1 mln under share buyback program
Outlook
- Company focused on navigating market dynamics and capitalizing on new business
Result Drivers
- LAST-MILE DELIVERY WIND DOWN - Revenue fell 84.5% due to winding down of last-mile delivery business
- INVESTMENT INCOME BOOST - Net income increased due to higher investment income and gains on derivative instruments
- HEADQUARTERS EXPENSES - General and administrative expenses rose 41.1% due to increased depreciation and property tax expenses from new headquarters
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 RMB 8.52
Revenue mln
Q3 Net RMB
Income 409.90
mln
Q3 -RMB
Income 110.62
from mln
Operatio
ns
Q3 RMB
Pretax 398.23
Profit mln
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
