X Financial (XYF) Cost of Revenue (2017 - 2026)
X Financial (XYF) posted Cost of Revenue of $62.0 million for Q2 2026, down 11.82% on a QoQ basis from $70.4 million in Q1 2026, and down 13.52% year-over-year from $71.7 million in Q2 2025.
Analysis
X Financial (XYF) Cost of Revenue (2017 - 2026) Analysis & Trends
X Financial has reported Cost of Revenue for 10 years, with the latest figure at $62.0 million in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 13.52% year-over-year to $62.0 million in Q2 2026; TTM through Jun 2026 was $278.8 million, a 6.25% increase from a year earlier, with the FY2025 full-year figure at $288.9 million, up 21.34% from the prior year.
- Cost of Revenue was $62.0 million for Q2 2026 at X Financial, down from $70.4 million in the prior quarter.
- The five-year high for Cost of Revenue was $111.2 million in Q3 2023, with the low at $57.1 million in Q2 2024.
- Average Cost of Revenue over 5 years is $76.3 million, with a median of $72.8 million recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue jumped 46.32% in 2023, then plunged 43.46% in 2024.
- Over 5 years, Cost of Revenue stood at $85.4 million in 2022, then climbed by 24.62% to $106.4 million in 2023, then slumped by 43.46% to $60.1 million in 2024, then advanced by 20.17% to $72.3 million in 2025, then slipped by 14.15% to $62.0 million in 2026.
- The last three Cost of Revenue figures came in at $62.0 million (Q2 2026), $70.4 million (Q1 2026), and $72.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 61.32 Mn |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 218.72 Mn |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | - |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | - |
| 5 | X Financial | 386.17 Mn | -182.14 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 | 279.09 Mn | 234.22 Mn | 24.89 Mn | 8.95 Mn |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 71.40 Mn |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | - |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 269,558.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.05 Mn |
| Mar 31, 2026 | 70.36 Mn |
| Dec 31, 2025 | 72.27 Mn |
| Sep 30, 2025 | 74.09 Mn |
| Jun 30, 2025 | 71.75 Mn |
| Mar 31, 2025 | 65.28 Mn |
| Dec 31, 2024 | 60.14 Mn |
| Sep 30, 2024 | 65.20 Mn |
| Jun 30, 2024 | 57.12 Mn |
| Mar 31, 2024 | 59.08 Mn |
| Dec 31, 2023 | 106.37 Mn |
| Sep 30, 2023 | 111.17 Mn |
| Jun 30, 2023 | 92.36 Mn |
| Mar 31, 2023 | 92.29 Mn |
| Dec 31, 2022 | 85.36 Mn |
| Sep 30, 2022 | 75.98 Mn |
| Jun 30, 2022 | 79.58 Mn |
| Mar 31, 2022 | 73.27 Mn |
| Dec 31, 2021 | 60.54 Mn |
| Sep 30, 2021 | 75.09 Mn |