Qfin Holdings Non-GAAP EPADS of $1.12, revenue of $566.7M; gives Q2 outlook

* Qfin Holdings press release [https://seekingalpha.com/pr/20528738-qfin-holdings-announces-first-quarter-2026-unaudited-financial-results] (QFIN [https://seekingalpha.com/symbol/QFIN]): Q1 Non-GAAP EPADS of $1.12.
* Revenue of $566.74M (-16.63% Y/Y) misses by $22.78M.
* As of March 31, 2026, our platform has connected 167 financial institutional partners and 297.5 million consumers*1 with potential credit needs, cumulatively, an increase of 11.0% from 268.2 million a year ago.
* Cumulative users with approved credit lines*2 were 64.8 million as of March 31, 2026, an increase of 10.9% from 58.4 million as of March 31, 2025.
* Cumulative borrowers with successful drawdown, including repeat borrowers was 39.5 million as of March 31, 2026, an increase of 11.0% from 35.5 million as of March 31, 2025.
* In the first quarter of 2026, financial institutional partners originated 12,925,120 loans*3 through our platform.
* Total facilitation and origination loan volume*4 was RMB65,034 million, a decrease of 26.8% from RMB88,883 million in the same period of 2025.
* 90 day+ delinquency rate*7 of loans originated by financial institutions across our platform was 3.50% as of March 31, 2026.
* OUTLOK: For the second quarter of 2026, the Company expects to generate a net income between RMB830 million and RMB910 million and a non-GAAP net income*14 between RMB900 million and RMB980 million, representing a year-on-year decline between 47% and 51%.

MORE ON QFIN HOLDINGS

* Qfin Holdings: Tug-Of-War Between Valuations And Regulations [https://seekingalpha.com/article/4892342-qfin-holdings-tug-of-war-between-valuations-and-regulations]
* Qfin Holdings, Inc. (QFIN) Q4 2025 Earnings Call Transcript [https://seekingalpha.com/article/4883423-qfin-holdings-inc-qfin-q4-2025-earnings-call-transcript]
* Qfin Holdings, Inc. 2025 Q4 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4883420-qfin-holdings-inc-2025-q4-results-earnings-call-presentation]
* Qfin Holdings misses top-line estimates; gives Q1 outlook [https://seekingalpha.com/news/4565635-qfin-holdings-misses-top-line-estimates-gives-q1-outlook]
* Qfin Holdings Q4 Earnings Preview [https://seekingalpha.com/news/4564842-qfin-holdings-q4-earnings-preview]