Qfin Holdings (QFIN) Cost of Revenue (2016 - 2022)
Qfin Holdings' (QFIN) quarterly Cost of Revenue came in at $82.3 million in Q4 2022, down 10.66% year-over-year from $92.2 million in Q4 2021, and down 8.77% quarter-over-quarter from $90.3 million in Q3 2022.
Analysis
Qfin Holdings (QFIN) Cost of Revenue (2016 - 2022) Analysis & Trends
Qfin Holdings has disclosed Cost of Revenue across 7 years of filings, most recently posting $82.3 million for Q4 2022.
- In Q4 2022, Cost of Revenue fell 10.66% year-over-year to $82.3 million; the TTM figure through Dec 2022 stood at $361.7 million (up 14.33% YoY), while the FY2025 annual figure was $429.3 million, up 8.02% from the prior year.
- Cost of Revenue came in at $82.3 million for Q4 2022 at Qfin Holdings, down from $90.3 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $97.0 million in Q3 2021 to a low of $15.7 million in Q1 2018.
- Average Cost of Revenue over 5 years is $56.3 million, with a median of $54.5 million recorded in 2019.
- Year-over-year, Cost of Revenue surged 265.91% in 2018 and retreated 10.66% in 2022.
- Over 5 years, Cost of Revenue stood at $32.8 million in 2018, then soared by 101.08% to $66.0 million in 2019, then increased by 1.69% to $67.1 million in 2020, then jumped by 37.42% to $92.2 million in 2021, then decreased by 10.66% to $82.3 million in 2022.
- Per Business Quant data, the three most recent Cost of Revenue figures were $82.3 million in Q4 2022, $90.3 million in Q3 2022, and $92.2 million in Q4 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn | 61.32 Mn |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn | 218.72 Mn |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - | - |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - | - |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn | 62.05 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 4.85 Mn |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn | 8.95 Mn |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn | 71.40 Mn |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn | 269,558.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2022 | 82.34 Mn |
| Sep 30, 2022 | 90.25 Mn |
| Dec 31, 2021 | 92.16 Mn |
| Sep 30, 2021 | 96.95 Mn |
| Dec 31, 2020 | 67.06 Mn |
| Sep 30, 2020 | 60.19 Mn |
| Jun 30, 2020 | 56.58 Mn |
| Mar 31, 2020 | 49.10 Mn |
| Dec 31, 2019 | 65.95 Mn |
| Sep 30, 2019 | 52.37 Mn |
| Jun 30, 2019 | 44.28 Mn |
| Mar 31, 2019 | 33.99 Mn |
| Dec 31, 2018 | 32.80 Mn |
| Sep 30, 2018 | 25.71 Mn |
| Jun 30, 2018 | 35.94 Mn |
| Mar 31, 2018 | 15.67 Mn |
| Dec 31, 2017 | 8.96 Mn |
| Dec 31, 2016 | 1.95 Mn |