6-K

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

WASHINGTON,D.C. 20549

FORM6-K

REPORTOF FOREIGN PRIVATE ISSUER

PURSUANTTO RULE 13a-16 OR 15d-16 UNDER

THESECURITIES EXCHANGE ACT OF 1934

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Forthe month of June 2026

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CommissionFile Number: 001-37657

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YIRENDIGITAL LTD.

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28/F,China Merchants Bureau Building

118Jianguo Road

ChaoyangDistrict, Beijing 100022

ThePeople’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

ExhibitIndex

Exhibit No.	Description
99.1	Yiren Digital Reports First Quarter 2026 Unaudited Financial Results

1

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Yiren Digital Ltd.
	By:	/s/ Ka Chun William Hui
		Name:	Ka Chun William Hui
		Title:	Chief Financial Officer

Date: June 26, 2026

2

Exhibit 99.1

YirenDigital Reports First Quarter 2026 Unaudited Financial Results

BEIJING, June 25, 2026 -- Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), a leading fintech company specializing in digital consumer lending, insurance and financial technology innovation across China and global markets, today announced its unaudited financial results for the first quarter ended March 31, 2026.

FirstQuarter 2026 Operational Results

CreditSolution Business

●	Total<br> loans facilitated in the first quarter of 2026 were RMB8.9 billion (US$1.3 billion), representing<br> a decrease of 26% compared to RMB12.0 billion in the fourth quarter of 2025, and a decrease<br> of 42% compared to RMB15.2 billion in the same period of 2025.
●	Number<br> of borrowers served in the first quarter of 2026 was 531,500, representing a decrease of<br> 28% compared to 742,444 in the fourth quarter of 2025, and a decrease of 61% compared to<br> 1,375,406 in the same period of 2025.
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●	Repeat<br> borrowers’ loan amount^1^ accounted for 78% of the total loans facilitated<br> in the first quarter of 2026, compared to 77% in the fourth quarter of 2025, and 74% in the<br> same period of 2025.
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●	Cumulative<br> number of borrowers served reached 14,518,023 as of March 31, 2026, representing an increase<br> of 2% from 14,295,499 as of December 31, 2025, and an increase of 12% from 12,909,436 as<br> of March 31, 2025.
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●	Average<br> loan size was RMB11,991 during the first quarter of 2026, an increase of 5% from RMB11,454<br> in the fourth quarter of 2025, and an increase of 67% from RMB7,176 in the same period of<br> 2025.
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●	Outstanding<br> balance of performing loans facilitated was RMB21.6 billion (US$3.1 billion) as of March<br> 31, 2026, representing a decrease of 24% from RMB28.6 billion as of December 31, 2025, and<br> a decrease of 21% from RMB27.5 billion as of March 31, 2025.
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InsuranceBrokerage Business

●	Number<br> of insurance clients during the first quarter of 2026 was 397,854, representing an increase<br> of 49% from 267,730 in the fourth quarter of 2025 and a 413% year-over-year increase from<br> 77,541 in the same period of 2025.
●	Cumulative<br> number of insurance clients was 2,357,951 as of March 31, 2026, representing an increase<br> of 16% from 2,035,550 as of December 31, 2025, and a 48% year-over-year increase from 1,590,394<br> as of March 31, 2025.
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●	Number<br> of new insurance policies in the first quarter of 2026 was 999,575, representing a 21% increase<br> from 824,225 in the fourth quarter of 2025, and a 135% year-over-year increase from 425,044<br> in the same period of 2025.
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^1^	“Repeat<br>borrowers’ loan amount” refers to the proportion of total loan facilitation and origination volume through Yixianghua platform<br>in a given period that is generated by borrowers who have previously completed at least one successful drawdown during that period.
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RecentDevelopments

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All-in-AIStrategic Updates

●	Enterprise AI Architecture Rollout: The Company’s MagiCube multi-agent platform launched<br> an upgraded 2.0 version with two additional specialized layers: XuanJi, the execution<br> layer for facilitating human-to-enterprise workflows, and ZhiNao, the enterprise-AI<br> AgentOS for multi-agent orchestration. The system is currently used within the Company and<br> is being tested for external deployment. The Company also introduced AI Buddy, the<br> employee office co-pilot within its enterprise AI workspace platform, giving knowledge-intensive<br> employees direct access to enterprise data, agentic workflows and approved AI tools, to enable<br> faster decisions and higher productivity.
●	AI Application-Layer Strategic Investments Expansion: The Company has made seed investments<br> in three early-stage, high-growth AI application companies, covering AI entertainment, AI-assisted<br> language learning and AI research productivity tools.
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“During the first quarter of 2026, we continued to demonstrate resilience and strong execution across our businesses,” said Mr. Ning Tang, Chairman and Chief Executive Officer of Yiren Digital. “We maintained a highly disciplined approach in our credit solutions business while driving robust customer growth in our insurance brokerage business, further diversifying our revenue streams. At the same time, we are rapidly advancing our ‘All-in-AI’ strategy, deepening AI integration across our existing operations and actively expanding our AI application portfolio. Each of these steps accelerates our evolution into an AI-native, multi-industry operating platform, which we expect will unlock significant new growth and enduring value for our Company.”

“The credit performance of our newly originated loan assets continued to improve during the quarter, and the overall quality of our loan portfolio has successfully stabilized,” Mr. William Hui, Chief Financial Officer of Yiren Digital, said. “The underlying risk trends of our legacy book continue to improve, and we expect to see more meaningful profitability gains in the second half of the year. Meanwhile, we remain focused on optimizing capital allocation and improving investment efficiency to further strengthen our financial position and long-term competitiveness.”

2

FirstQuarter 2026 Financial Results

Totalnet revenue in the first quarter of 2026 was RMB915.1 million (US$132.7 million), compared to RMB957.6 million in the fourth quarter of 2025, representing a decrease of 41% from RMB1,554.5 million in the same period of 2025.

Within this, revenue from the credit solution business was RMB795.7 million (US$115.4 million), representing a slight decrease of 4% from RMB832.7 million in the fourth quarter of 2025, and a decrease of 39% compared to the same period in 2025. The decrease was primarily due to lower loan facilitation volume and a reduced service fee rate under the new regulatory framework, as the Company continued to prioritize risk-adjusted growth and maintain a disciplined operating strategy amid evolving market conditions. Revenue from the credit solution business accounted for 87% of total net revenue in the first quarter of 2026, unchanged from the fourth quarter of 2025.

Revenuefrom the insurance brokerage business was RMB87.2 million (US$12.6 million) in the first quarter of 2026, representing an increase of 4% from RMB83.8 million in the fourth quarter of 2025, and an increase of 22% from RMB71.5 million in the same period of 2025. The sequential and year-over-year growth was primarily driven by the continued expansion of the Company’s internet distribution business, which has maintained strong momentum since mid-2025. As a result, the internet distribution business contributed 29% of the insurance brokerage business segment’s revenue in the first quarter of 2026, compared with 22% in the fourth quarter of 2025, reflecting the ongoing optimization of the Company’s business mix and digital distribution capabilities.

Revenuefrom other businesses was RMB32.2 million (US$4.7 million), compared with RMB41.1 million in the fourth quarter of 2025 and RMB188.6 million in the same period of 2025. The decrease was mainly attributable to the continued scaling down of the e-commerce business.

Salesand marketing expenses in the first quarter of 2026 were RMB113.6 million (US$16.5 million), compared to RMB206.1 million in the fourth quarter of 2025 and RMB277.0 million in the same period of 2025. The decrease was primarily attributable to lower customer acquisition and marketing spending as the Company maintained a disciplined approach to loan facilitation growth. In addition, the contribution of repeat borrowers increased to 78% in the first quarter of 2026 from 74% in the same period of 2025. The cost decline was further supported by improved marketing efficiency driven by AI-assisted precision marketing initiatives.

Origination,servicing and other operating costs in the first quarter of 2026 were RMB197.6 million (US$28.6 million), compared to RMB250.9 million in the fourth quarter of 2025 and RMB224.7 million in the same period of 2025. The cost decrease was primarily attributable to continued operational cost optimization within the insurance brokerage business, driven by the ongoing transition toward more efficient digital distribution channels and a reduced reliance on traditional distribution operations.

3

Researchand development expenses in the first quarter of 2026 were RMB108.9 million (US$15.8 million), compared to RMB121.4 million in the fourth quarter of 2025 and RMB86.0 million in the same period of 2025. The year-over-year increase in R&D expenses was mainly due to increased recruitment of senior AI R&D talent to support the execution of the 2026 All-in-AI strategy.

Generaland administrative expenses in the first quarter of 2026 were RMB70.5 million (US$10.2 million), compared to RMB43.0 million in the fourth quarter of 2025 and RMB95.8 million in the same period of 2025. The year-over-year decrease was primarily due to enhanced overall corporate efficiency.

Allowancefor contract assets, receivables and others in the first quarter of 2026 was RMB176.4 million (US$25.6 million), compared to RMB302.8 million in the fourth quarter of 2025 and RMB152.8 million in the same period of 2025. The year-over-year increase was primarily driven by higher credit loss provisions recognized on accounts receivable, financing receivables and guarantee receivables, partially offset by reduced credit loss provisions on contract assets amid scaled-back loan facilitation activities. The quarter-over-quarter decline mainly reflected stabilized credit performance in the first quarter of 2026, together with no material portfolio revaluation adjustments recorded in the current period—such adjustments had been recorded in the fourth quarter of 2025 from updated expected loss assumptions.

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Provisionfor contingent liabilities in the first quarter of 2026 was RMB632.2 million (US$91.7 million), compared to RMB1,110.1 million in the fourth quarter of 2025 and RMB410.8 million in the same period of 2025. The year-over-year increase was primarily attributable to higher loan volume under the risk-taking model^2^ and increased expected loss provisions for newly originated loans. The quarter-over-quarter decline mainly reflected a stabilized asset risk level and no material portfolio revaluation adjustments recorded.

Fairvalue adjustments loss in the first quarter of 2026 was RMB89.0 million (US$12.9 million), compared to RMB62.0 million in the fourth quarter of 2025 and RMB58.4 million in the same period of 2025. The increase in fair value loss is attributable to fair value adjustment in crypto assets reflecting change in market value of the digital assets.

Incometax expense in the first quarter of 2026 was RMB37.0 million (US$5.4 million).

Netloss for the first quarter of 2026 was RMB494.7 million (US$71.7 million), compared to a net loss of RMB868.2 million in the fourth quarter of 2025 and a net income of RMB247.5 million in the same period of 2025. The year-over-year change was mainly attributable to reduced credit solution business scale, reflecting lower overall loan origination volume, lower service fee rates under the new regulatory framework and higher credit-related costs. The quarter-over-quarter improvement primarily reflects a stabilized risk level and no material portfolio revaluation adjustments recorded with the risk-taking model. The improvement was further supported by improved asset quality, higher revenue contribution from the insurance brokerage business through internet distribution channels, and continued operational efficiency gains driven by AI-enabled cost optimization.

^2^	“The<br>risk-taking model” refers to the framework in which Yiren Digital assumes the credit risk for the loans facilitated on<br>its platform.

4

AdjustedEBITDA^3^ (non-GAAP) in the first quarter of 2026 was a loss of RMB336.8 million (US$48.8 million), compared to a loss of RMB1,028.5 million in the fourth quarter of 2025 and a gain of RMB325.0 million in the same period of 2025.

Basicand diluted loss per ADS in the first quarter of 2026 were both RMB5.6420 (US$0.8180), compared to basic and diluted loss per ADS of both RMB9.9624 in the fourth quarter of 2025; and basic and diluted income per ADS of RMB2.8646 and RMB2.8460, respectively, in the same period of 2025.

Netcash used in operating activities in the first quarter of 2026 was RMB655.6 million (US$95.0 million), compared to RMB180.8 million used in operating activities in the fourth quarter of 2025, and to RMB478.7 million generated from operating activities in the same period of 2025. The higher net operating cash outflow for the period is primarily attributable to prepayments of operating costs and expenses, longer collection terms for operating receivables and higher indemnity disbursements under the risk-taking model.

Netcash used in investing activities in the first quarter of 2026 was RMB24.8 million (US$3.6 million), compared to RMB29.2 million provided by investing activities in the fourth quarter of 2025 and RMB145.6 million used in investing activities in the same period of 2025.

Netcash used in financing activities in the first quarter of 2026 was RMB345.6 million (US$50.1 million), compared to RMB234.1 million in the fourth quarter of 2025 and RMB80.6 million in the same period of 2025.

As of March 31, 2026, cash and cash equivalents were RMB2,453.1 million (US$355.6 million), compared to RMB3,348.1 million as of December 31, 2025. As of March 31, 2026, the balance of financial investments was RMB507.5 million (US$73.6 million), compared to RMB483.7 million as of December 31, 2025.

As of March 31, 2026, delinquency rates^4^ for loans that were past due for 1-30 days, 31-60 days and 61-90 days were 2.5%, 2.7% and 3.2%, respectively, compared to 3.4%, 3.0% and 2.8%, respectively, as of December 31, 2025.

^3^	“Adjusted<br>EBITDA” is a non-GAAP financial measure. For more information on this non-GAAP financial measure, please see the section of “Operating<br>Highlights and Reconciliations of GAAP to Non-GAAP Measures” and the table captioned “Reconciliations of Adjusted EBITDA”<br>set forth at the end of this press release.
^4^	“Delinquency<br>rates” refers to the outstanding principal balance of loans that were 1-30 days, 31-60 days and 61-90 days past due as a percentage<br>of the total performing outstanding principal balance of loans as of a specific date. Loans originating outside mainland China are not<br>included in the calculation. We define a performing loan as one that is being repaid according to the agreed terms and has not become<br>delinquent for more than 90 days.
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5

RecentUpdates

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The Company issued a statement in May regarding media reports relating to certain financial products offered by affiliates of the Company’s controlling shareholder. Those matters are unrelated to the Company. Management is monitoring the situation closely and will make further disclosures as required under applicable laws, regulations, and listing standards.

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DividendPolicy

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Under the Company’s semi-annual dividend policy, the Board will review operating results and evaluate the Company’s cash dividend policy for the first half of 2026 following the conclusion of the second quarter.

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Non-GAAPFinancial Measures

In evaluating the business, the Company considers and uses several non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin as supplemental measures to review and assess operating performance. We believe these non-GAAP measures provide useful information about our core operating results, enhance the overall understanding of our past performance and prospects and allow for greater visibility with respect to key metrics used by our management in our financial and operational decision-making. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The non-GAAP financial measures have limitations as analytical tools. Other companies, including peer companies in the industry, may calculate these non-GAAP measures differently, which may reduce their usefulness as a comparative measure. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. See “Operating Highlights and Reconciliation of GAAP to Non-GAAP Measures” at the end of this press release.

CurrencyConversion

This announcement contains currency conversions of certain RMB amounts into US$ at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.8980 to US$1.00, the effective noon buying rate on March 31, 2026, as set forth in the H.10 statistical release of the Federal Reserve Board.

ConferenceCall

Yiren Digital’s management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on June 25, 2026 (or 8:00 p.m. Beijing/Hong Kong Time on June 25, 2026).

Participants who wish to join the call should register online in advance of the conference at: https://dpregister.com/sreg/10209861/10439ec2351.

Once registration is completed, participants will receive the dial-in details for the conference call.

Additionally, a live and archived webcast of the conference call will be available at: https://ir.yiren.com.

6

SafeHarbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident,” and similar expressions. Forward-looking statements are based on management’s current expectations, assumptions, and assessments of current market and operating conditions. These statements involve inherent risks, uncertainties, and other factors, many of which are outside the control of the Company, and which could cause actual results to differ materially from those expressed or implied in such statements. Actual results may differ materially from those expressed or implied in forward-looking statements due to a variety of factors and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company undertakes no, and expressly disclaims any, obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable law.

AboutYiren Digital

Yiren Digital Ltd. is a leading fintech company specializing in digital consumer lending, insurance, and financial technology innovation across China and global markets. The Company leverages advanced artificial intelligence and emerging technologies to enhance customer experience, optimize capital efficiency, and expand financial inclusion. Following the regulatory filing of its in-house developed Large Language Model Zhiyu, and the significant enhancement of its MagiCube Agent platform, Yiren Digital is establishing a new growth engine to accelerate its evolution into an AI-native, multi-industry operating platform extending beyond traditional financial services. For more information, please visit https://ir.yiren.com.

Forfurther information:

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Media Inquiry

Email: [email protected]

Investor Relations

Email: [email protected]

Piacente Financial Communications

Email: [email protected]

SOURCE Yiren Digital

7

OperatingHighlights and Reconciliation of GAAP to Non-GAAP Measures

Unaudited Condensed Consolidated Statements of Operations

(in thousands, except for share, per share and per ADS data, and percentages)

	For the Three Months Ended
	March 31, <br> 2025			March 31, <br> 2026			March 31, 2026
	RMB			RMB
Net revenue:
Loan facilitation services		742,394			(3,909	)		(567	)
Post-origination services		1,744			(41	)		(6	)
Guarantee services		318,397			519,155			75,262
Financing services		41,887			66,145			9,589
Insurance brokerage services		71,460			87,160			12,636
Electronic commerce services		184,074			921			133
Network and marketing services *		124,358			145,697			21,122
Technology services *		68,590			98,129			14,226
Others *		1,622			1,883			273
Total net revenue		1,554,526			915,140			132,668
Operating costs and expenses:
Sales and marketing		276,952			113,569			16,464
Origination,servicing and other operating costs		224,738			197,552			28,639
Research and development		85,954			108,933			15,792
General and administrative		95,837			70,504			10,221
Allowance for contract assets, receivables and others		152,805			176,424			25,576
Provision for contingent liabilities		410,763			632,219			91,653
Total operating costs and expenses		1,247,049			1,299,201			188,345
Other income/(loss):
Investment income		1,281			1,318			191
Interest income		22,925			12,498			1,812
Fair value adjustments loss		(58,376	)		(89,036	)		(12,908	)
Others, net		674			1,591			231
Total other loss		(33,496	)		(73,629	)		(10,674	)
Income/(loss) before provision for income taxes		273,981			(457,690	)		(66,351	)
Share of results of equity investees		(129	)		—			—
Income tax expense		26,346			37,024			5,368
Net income/(loss)		247,506			(494,714	)		(71,719	)
Net loss attributable to non-controlling interests		—			1,173			171
Net income/(loss) attributable to ordinary shareholders of the Company		247,506			(493,541	)		(71,548	)
Weighted-average number of ordinary shares used in computing basic net income/(loss) per share		172,800,275			174,951,573			174,951,573
Basic net income/(loss) per share attributable to ordinary shareholders of the Company		1.4323			(2.8210	)		(0.4090	)
Basic diluted net income/(loss) per ADS attributable to ordinary shareholders of the Company		2.8646			(5.6420	)		(0.8180	)
Weighted-average number of ordinary shares used in computing diluted net income/(loss) per share		173,935,749			174,951,573			174,951,573
Diluted net income/(loss) per share attributable to ordinary shareholders of the Company		1.4230			(2.8210	)		(0.4090	)
Diluted net income/(loss) per ADS attributable to ordinary shareholders of the Company		2.8460			(5.6420	)		(0.8180	)
Unaudited Condensed Consolidated Cash Flow Data
Net cash generated from/(used in) operating activities		478,650			(655,588	)		(95,040	)
Net cash used in investing activities		(145,590	)		(24,764	)		(3,590	)
Net cash used in financing activities		(80,576	)		(345,590	)		(50,100	)
Effect of foreign exchange rate changes		2,367			(8,389	)		(1,216	)
Net increase/(decrease) in cash, cash equivalents and restricted cash		254,851			(1,034,331	)		(149,946	)
Cash, cash equivalents and restricted cash, beginning of period		4,101,557			3,870,834			561,153
Cash, cash equivalents and restricted cash, end of period		4,356,408			2,836,503			411,207

All values are in US Dollars.

*	Given the Company’s diversified revenue streams, Network<br>and marketing services and Technology services are now separately presented from Other revenue, with the remaining balance classified<br>as Others. Comparative figures for the prior period have been restated.

8

Unaudited Condensed Consolidated Balance Sheets

(in thousands)

	As of
	December 31, <br> 2025			March 31, <br> 2026			March 31, 2026
	RMB			RMB
Cash and cash equivalents		3,348,126			2,453,140			355,631
Restricted cash		522,708			383,363			55,576
Accounts receivable		826,141			911,368			132,121
Guarantee receivable		832,905			868,827			125,953
Contract assets, net		619,291			305,106			44,231
Contract cost		4,287			2,149			312
Prepaid expenses and other assets		1,776,019			1,756,162			254,590
Loans at fair value		342,895			156,134			22,635
Financing receivables		909,182			938,958			136,120
Amounts due from related parties *		2,974,080			3,429,417			497,161
Financial investments		483,700			507,528			73,576
Equity investments		11,528			23,455			3,400
Property, equipment and software, net		50,403			84,630			12,269
Digital Assets		391,267			287,228			41,639
Deferred tax assets		325,094			361,981			52,476
Right-of-use assets		37,329			33,891			4,913
Total assets		13,454,955			12,503,337			1,812,603
Accounts payable		79,630			93,759			13,592
Amounts due to related parties		44,179			14,982			2,172
Guarantee liabilities-stand ready		989,701			1,025,763			148,704
Guarantee liabilities-contingent		1,300,097			1,172,209			169,935
Deferred revenue		227			150			22
Payable to investors of consolidated ABFE		1,294,792			941,068			136,426
Accrued expenses and other liabilities		404,680			406,222			58,890
Deferred tax liabilities		29,854			34,197			4,957
Lease liabilities		39,758			35,289			5,116
Total liabilities		4,182,918			3,723,639			539,814
Ordinary shares		133			134			19
Additional paid-in capital		5,239,550			5,242,914			760,063
Treasury stock		(170,686	)		(170,686	)		(24,744	)
Accumulated other comprehensive income		(2,517	)		(17,369	)		(2,518	)
Retained earnings		4,205,557			3,710,721			537,942
Total Yiren Digital Ltd shareholders' equity		9,272,037			8,765,714			1,270,762
Non-controlling interests		—			13,984			2,027
Total equity		9,272,037			8,779,698			1,272,789
Total liabilities and equity		13,454,955			12,503,337			1,812,603

All values are in US Dollars.

*	The Company has outstanding related party balances due from<br>our controlling shareholder and its affiliates. These balances are currently performing in accordance with their contractual terms. Should<br>our controlling shareholder fail to satisfy its payment obligations in the future, we may be required to adjust the carrying value of<br>such related receivables accordingly.

9

Operating Highlights and Reconciliation of GAAP to Non-GAAP Measures

(in thousands, except for number of  borrowers, number of insurance clients, cumulative number of insurance clients and percentages)

	For the Three Months Ended
	March 31, <br> 2025			March 31, <br> 2026			March 31, 2026
	RMB			RMB
Operating Highlights
Amount of loans facilitated		15,237,923			8,910,760			1,291,789
Number of borrowers		1,375,406			531,500			531,500
Remaining principal of performing loans		27,458,292			21,603,502			3,131,850
Cumulative number of insurance clients		1,590,394			2,357,951			2,357,951
Number of insurance clients		77,541			397,854			397,854
Gross written premiums		801,798			822,991			119,309
First year premium		412,497			536,332			77,752
Renewal premium		389,301			286,659			41,557
Segment Information
Credit solution business:
Revenue		1,294,480			795,746			115,359
Sales and marketing expenses		260,903			80,760			11,708
Origination, servicing and other operating costs		140,623			140,143			20,317
Allowance for contract assets, receivables and others		152,112			174,866			25,350
Provision for contingent liabilities		410,763			632,219			91,653
Insurance brokerage business:
Revenue		71,460			87,160			12,636
Sales and marketing expenses		2,795			2,388			346
Origination, servicing and other operating costs		81,440			54,475			7,897
Allowance for contract assets, receivables and others		(578	)		(117	)		(17	)
Others:
Revenue		188,586			32,234			4,673
Sales and marketing expenses		13,254			30,421			4,410
Origination, servicing and other operating costs		2,675			2,934			425
Allowance for contract assets, receivables and others		(1,994	)		188			27
Reconciliation of Adjusted EBITDA
Net income/(loss)		247,506			(494,714	)		(71,719	)
Interest income and investment income, net		(24,206	)		(13,816	)		(2,003	)
Income tax expense		26,346			37,024			5,368
Depreciation and amortization		2,297			3,561			516
Share-based compensation		2,187			2,071			300
Fair value adjustments related to digital assets and financial investments		70,824			129,059			18,710
Adjusted EBITDA		324,954			(336,815	)		(48,828	)
Adjusted EBITDA margin		20.9	%		-36.8	%		-36.8	%

All values are in US Dollars.

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Delinquency Rates

	1-30 days			31-60 days			61-90 days
December 31, 2022		1.7	%		1.2	%		1.1	%
December 31, 2023		2.0	%		1.4	%		1.2	%
December 31, 2024		1.6	%		1.2	%		1.1	%
December 31, 2025		3.4	%		3.0	%		2.8	%
March 31, 2026		2.5	%		2.7	%		3.2	%

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90+ Days Delinquency Rates by Vintage*

Loan <br><br>Issued <br><br>Period	Month on Book
	4			6			8			10			12			14			16			18			20			22			24
2022Q1		0.6	%		2.0	%		3.1	%		3.9	%		4.5	%		4.7	%		4.6	%		4.6	%		4.5	%		4.5	%		4.4	%
2022Q2		0.5	%		1.7	%		2.9	%		3.7	%		4.2	%		4.4	%		4.3	%		4.3	%		4.2	%		4.2	%		4.1	%
2022Q3		0.5	%		2.1	%		3.4	%		4.2	%		4.7	%		5.0	%		4.9	%		4.9	%		4.8	%		4.7	%		4.7	%
2022Q4		0.7	%		2.5	%		3.8	%		4.8	%		5.5	%		5.8	%		5.8	%		5.7	%		5.6	%		5.5	%		5.4	%
2023Q1		0.5	%		2.3	%		3.9	%		5.0	%		5.8	%		6.1	%		6.0	%		5.9	%		5.8	%		5.7	%		5.6	%
2023Q2		0.6	%		2.8	%		4.7	%		6.1	%		6.8	%		7.1	%		7.0	%		6.9	%		6.8	%		6.7	%		6.6	%
2023Q3		0.8	%		3.5	%		5.6	%		7.0	%		7.7	%		7.9	%		7.9	%		7.7	%		7.6	%		7.5	%		7.5	%
2023Q4		0.7	%		3.4	%		5.6	%		6.8	%		7.4	%		7.6	%		7.6	%		7.4	%		7.3	%		7.3	%		7.2	%
2024Q1		0.6	%		3.0	%		4.8	%		5.9	%		6.6	%		6.8	%		6.8	%		6.7	%		6.6	%		6.6	%		6.5	%
2024Q2		0.6	%		2.4	%		4.0	%		5.1	%		5.8	%		6.1	%		6.1	%		6.0	%		5.9	%		6.0	%
2024Q3		0.5	%		2.2	%		3.7	%		4.7	%		5.4	%		5.8	%		5.8	%		5.7	%		5.5	%
2024Q4		0.6	%		2.2	%		3.8	%		4.9	%		5.9	%		6.4	%		6.3	%
2025Q1		0.6	%		2.3	%		4.2	%		6.0	%		7.2	%		6.9	%
2025Q2		0.8	%		3.5	%		6.6	%		8.3	%
2025Q3		1.1	%		4.8	%		8.0	%
2025Q4		1.2	%
*	The 90+ days delinquency rate by vintage refers to the outstanding<br> principal balance of loans facilitated over a specified period that are more than 90 days past due, as a percentage of the total<br> loans facilitated during that same period. Loans originating outside mainland China are excluded from the calculation.
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