X Financial (XYF) Cost of Revenue (2017 - 2025)

X Financial's Cost of Revenue history runs 9 years deep, the most recent figure standing at $72.3 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 20.17% year-over-year to $72.3 million; the TTM figure through Dec 2025 stood at $283.4 million (up 17.33% YoY), while the FY2025 annual figure was $288.9 million, up 21.34% from the prior year.
• Cost of Revenue was $72.3 million for Q4 2025 at X Financial, down from $74.1 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $111.2 million in Q3 2023 to a low of $57.1 million in Q2 2024.
• Historically, Cost of Revenue has averaged $77.2 million across 5 years, with a median of $74.6 million in 2021.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue soared 46.32% in 2023, then sank 43.46% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $60.5 million in 2021, then jumped by 40.99% to $85.4 million in 2022, then advanced by 24.62% to $106.4 million in 2023, then tumbled by 43.46% to $60.1 million in 2024, then gained by 20.17% to $72.3 million in 2025.
• The last three Cost of Revenue figures came in at $72.3 million (Q4 2025), $74.1 million (Q3 2025), and $71.7 million (Q2 2025), per Business Quant data.