Yiren Digital Ltd 6-K, filed Nov 26, 2025

Yiren Digital Ltd. (YRD)

6-K 2025-11-26 For: 2025-11-26

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Added on April 06, 2026

About this 6-K

Yiren Digital Ltd filed this 6-K on November 26, 2025.

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Exhibit No.	Description

99.1	Yiren Digital Reports Third Quarter 2025 Financial Results

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

	·	Total loans facilitated in the third quarter of 2025 reached RMB20.2 billion (US$2.8 billion), representing an increase of 51% compared to RMB13.4 billion in the same period of 2024 and remaining stable compared to RMB20.3 billion in the second quarter of 2025.
	·	Cumulative number of borrowers served reached 14,006,873 as of September 30, 2025, representing an increase of 3% from 13,536,838 as of June 30, 2025, and increase of 21% compared to 11,611,899 as of September 30, 2024.
	·	Number of borrowers served in the third quarter of 2025 was 1,335,978, representing a decrease of 18% compared to 1,637,912 in the second quarter of 2025 and a decrease of 11% compared to 1,498,020 in the same period of 2024. The decrease was due to our strategic tightening of our credit policy amid industry-wide credit risk fluctuations.
	·	Outstanding balance of performing loans facilitated reached RMB34.2 billion (US$4.8 billion) as of September 30, 2025, representing an increase of 10% from RMB31.2 billion as of June 30, 2025 and an increase of 50% compared to RMB22.8 billion as of September 30, 2024.

	·	Gross written premiums in the third quarter of 2025 were RMB1,148.0 million (US$161.3 million), representing an increase of 35% from RMB850.1 million in the second quarter of 2025 and 15% decrease compared to RMB1,351.3 million in the same period of 2024. The increase was attributed to the accelerating growth of our internet insurance business as well as the strong performance of renewal premiums.
	·	Annualized insurance premiums of internet insurance products were RMB196.2 million (US$27.6 million), representing an increase of 204% from RMB64.5 million in the second quarter of 2025.

Unaudited Condensed Consolidated Statements of Operations
(in thousands, except for share, per share and per ADS data, and percentages)

	For the Three Months Ended												For the Nine Months Ended
	September 30, 2024			June 30, 2025			September 30, 2025			September 30, 2025			September 30, 2024			September 30, 2025			September 30, 2025
	RMB			RMB			RMB			USD			RMB			RMB			USD
Net revenue:
Loan facilitation services		600,899			874,584			611,859			85,947			1,972,726			2,228,837			313,083
Post-origination services		1,421			10,463			2,617			368			4,483			14,824			2,082
Guarantee services		136,746			316,942			458,363			64,386			222,533			1,093,702			153,631
Financing services		31,448			65,821			67,850			9,531			61,688			175,558			24,661
Insurance brokerage services		85,530			58,137			84,228			11,831			301,982			213,825			30,036
Electronic commerce services		546,366			93,962			32,555			4,573			1,572,943			310,590			43,629
Others		76,678			232,191			297,492			41,788			217,353			724,253			101,735
Total net revenue		1,479,088			1,652,100			1,554,964			218,424			4,353,708			4,761,589			668,857
Operating costs and expenses:
Sales and marketing		335,647			345,166			331,758			46,602			897,971			953,876			133,990
Origination,servicing and other operating costs		205,913			160,859			149,911			21,058			685,725			535,508			75,223
Research and development		150,840			107,693			91,514			12,855			247,173			285,161			40,056
General and administrative		80,097			78,862			104,420			14,668			232,441			279,119			39,208
Allowance for contract assets, receivables and others		94,913			214,698			229,355			32,217			320,532			596,858			83,840
Provision for contingent liabilities		272,406			385,674			459,783			64,585			618,589			1,256,220			176,460
Total operating costs and expenses		1,139,816			1,292,952			1,366,741			191,985			3,002,431			3,906,742			548,777
Other income:
Investment income *		1,101			2,245			3,791			532			11,812			8,008			1,125
Interest income		20,776			22,353			19,704			2,768			62,446			64,291			9,031
Fair value adjustments gain		36,423			28,018			161,328			22,662			90,597			130,970			18,397
Others, net		2,535			14,084			644			91			3,201			15,403			2,163
Total other income		60,835			66,700			185,467			26,053			168,056			218,672			30,716
Income before provision for income taxes		400,107			425,848			373,690			52,492			1,519,333			1,073,519			150,796
Share of results of equity investees		-			(4,431	)		-			-			-			(4,560	)		(641	)
Income tax expense		44,665			63,877			56,053			7,874			268,480			146,276			20,547
Net income		355,442			357,540			317,637			44,618			1,250,853			922,683			129,608

Weighted average number of ordinary shares outstanding, basic		175,018,644			172,907,793			174,179,898			174,179,898			173,557,082			173,301,042			173,301,042
Basic income per share		2.0309			2.0678			1.8236			0.2562			7.2072			5.3242			0.7479
Basic income per ADS		4.0618			4.1356			3.6472			0.5124			14.4144			10.6484			1.4958

Weighted average number of ordinary shares outstanding, diluted		176,035,324			174,102,643			175,153,288			175,153,288			175,457,062			174,402,280			174,402,280
Diluted income per share		2.0192			2.0536			1.8135			0.2547			7.1291			5.2905			0.7432
Diluted income per ADS		4.0384			4.1072			3.6270			0.5094			14.2582			10.5810			1.4864

Unaudited Condensed Consolidated Cash Flow Data
Net cash generated from/(used in) operating activities		50,393			411,224			(5,484	)		(770	)		1,051,044			884,390			124,229
Net cash used in investing activities		(1,859,587	)		(752,200	)		(707,599	)		(99,396	)		(3,080,167	)		(1,605,389	)		(225,508	)
Net cash (used in)/provided by financing activities		(22,227	)		447,588			529,732			74,411			(162,885	)		896,744			125,965
Effect of foreign exchange rate changes		(6,252	)		(9,412	)		(10,449	)		(1,468	)		(5,808	)		(17,494	)		(2,457	)
Net (decrease)/increase in cash, cash equivalents and restricted cash		(1,837,673	)		97,200			(193,800	)		(27,223	)		(2,197,816	)		158,251			22,229
Cash, cash equivalents and restricted cash, beginning of period		5,698,461			4,356,408			4,453,608			625,595			6,058,604			4,101,557			576,142
Cash, cash equivalents and restricted cash, end of period		3,860,788			4,453,608			4,259,808			598,372			3,860,788			4,259,808			598,371

	As of
	December 31, 2024			June 30, 2025			September 30, 2025			September 30, 2025
	RMB			RMB			RMB			USD
Cash and cash equivalents		3,841,284			4,098,851			3,864,891			542,898
Restricted cash		260,273			354,757			394,917			55,474
Accounts receivable		566,541			553,660			796,551			111,891
Guarantee receivable		474,132			656,019			715,996			100,575
Contract assets, net		1,008,920			1,319,246			1,227,236			172,389
Contract cost		294			4,880			6,936			974
Prepaid expenses and other assets		2,361,585			2,486,393			2,672,111			375,349
Loans at fair value		421,922			480,915			473,570			66,522
Financing receivables		17,515			484,733			1,061,080			149,049
Amounts due from related parties		3,387,952			3,131,581			3,101,835			435,712
Financial investments		437,203			418,856			498,766			70,061
Equity investments		9,239			4,633			4,633			651
Property, equipment and software, net		78,678			85,155			84,867			11,921
Crypto assets		-			203,541			333,530			46,851
Deferred tax assets		77,463			128,989			173,182			24,327
Right-of-use assets		39,695			37,190			40,257			5,655
Total assets		12,982,696			14,449,399			15,450,358			2,170,299
Accounts payable		43,167			61,580			50,401			7,080
Amounts due to related parties		129,629			81,688			51,826			7,280
Guarantee liabilities-stand ready		606,886			889,343			929,970			130,632
Guarantee liabilities-contingent		578,797			848,704			874,717			122,871
Deferred revenue		9,479			515			335			47
Payable to investors at fair value		368,022			872,250			1,392,631			195,622
Accrued expenses and other liabilities		1,622,050			1,582,978			1,647,346			231,401
Borrowings		-			-			9,255			1,300
Deferred tax liabilities		41,471			91,666			108,404			15,228
Lease liabilities		40,765			38,281			42,596			5,983
Total liabilities		3,440,266			4,467,005			5,107,481			717,444
Ordinary shares		132			132			133			19
Additional paid-in capital		5,198,457			5,210,508			5,229,667			734,607
Treasury stock		(170,463	)		(170,686	)		(170,686	)		(23,976	)
Accumulated other comprehensive income		79,268			42,195			70,603			9,917
Retained earnings		4,435,036			4,900,245			5,213,160			732,288
Total equity		9,542,430			9,982,394			10,342,877			1,452,855
Total liabilities and equity		12,982,696			14,449,399			15,450,358			2,170,299

Delinquency Rates
	1-30 days			31-60 days			61-90 days
December 31, 2020		1.3	%		0.7	%		0.6	%
December 31, 2021		2.0	%		1.5	%		1.2	%
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	%
March 31, 2025		1.6	%		1.2	%		1.2	%
June 30, 2025		1.7	%		1.1	%		1.0	%
September 30, 2025		2.7	%		1.7	%		1.4	%

Loan Issued Period	Month on Book
		2		4		6		8		10		12		14		16		18		20		22		24
2020Q1		0.8	%	2.0	%	3.4	%	4.5	%	5.4	%	5.9	%	6.5	%	6.8	%	7.1	%	7.5	%	8.1	%	8.5	%
2020Q2		0.6	%	2.0	%	3.3	%	4.5	%	5.3	%	6.0	%	6.4	%	6.9	%	7.4	%	8.0	%	8.6	%	8.8	%
2020Q3		1.3	%	2.8	%	4.3	%	5.4	%	6.3	%	6.9	%	7.5	%	8.2	%	8.9	%	9.3	%	9.5	%	9.5	%
2020Q4		0.3	%	1.4	%	2.4	%	3.4	%	4.3	%	5.4	%	6.4	%	7.3	%	7.7	%	8.0	%	8.2	%	8.3	%
2021Q1		0.5	%	1.8	%	3.0	%	4.2	%	5.3	%	6.3	%	7.1	%	7.3	%	7.5	%	7.7	%	7.8	%	7.9	%
2021Q2		0.5	%	2.1	%	3.8	%	5.5	%	6.8	%	7.5	%	7.7	%	7.9	%	8.1	%	8.3	%	8.2	%	8.2	%
2021Q3		0.6	%	2.5	%	4.2	%	5.4	%	6.1	%	6.5	%	6.7	%	6.9	%	6.9	%	6.9	%	6.9	%	6.8	%
2021Q4		0.8	%	2.7	%	4.1	%	4.9	%	5.4	%	5.8	%	5.8	%	5.8	%	5.7	%	5.6	%	5.6	%	5.5	%
2022Q1		0.7	%	2.1	%	3.2	%	4.0	%	4.6	%	4.8	%	4.7	%	4.6	%	4.6	%	4.5	%	4.5	%	4.4	%
2022Q2		0.5	%	1.8	%	2.9	%	3.8	%	4.3	%	4.5	%	4.4	%	4.3	%	4.3	%	4.2	%	4.2	%	4.1	%
2022Q3		0.6	%	2.2	%	3.5	%	4.3	%	4.8	%	5.0	%	5.0	%	4.9	%	4.9	%	4.8	%	4.7	%	4.7	%
2022Q4		0.7	%	2.5	%	3.9	%	4.9	%	5.6	%	5.9	%	5.8	%	5.8	%	5.7	%	5.6	%	5.5	%	5.4	%
2023Q1		0.6	%	2.4	%	4.0	%	5.2	%	5.9	%	6.2	%	6.1	%	6.0	%	5.9	%	5.8	%	5.7	%	5.6	%
2023Q2		0.7	%	3.0	%	4.9	%	6.3	%	7.0	%	7.3	%	7.2	%	7.0	%	6.9	%	6.8	%	6.7	%	6.6	%
2023Q3		0.9	%	3.7	%	5.8	%	7.1	%	7.9	%	8.1	%	8.0	%	7.9	%	7.7	%	7.6	%	7.5	%	7.5	%
2023Q4		0.8	%	3.6	%	5.8	%	7.0	%	7.6	%	7.8	%	7.7	%	7.5	%	7.4	%	7.3	%	7.3	%
2024Q1		0.7	%	3.2	%	5.0	%	6.1	%	6.7	%	7.0	%	6.9	%	6.8	%	6.7	%	6.9	%
2024Q2		0.6	%	2.5	%	4.2	%	5.3	%	6.0	%	6.2	%	6.2	%	6.2	%
2024Q3		0.6	%	2.3	%	3.8	%	4.9	%	5.6	%	5.9	%	5.7	%
2024Q4		0.7	%	2.4	%	3.9	%	5.1	%	5.9	%
2025Q1		0.6	%	2.4	%	4.3	%	5.2	%
2025Q2		0.8	%	3.3	%
2025Q3		1.0	%

	For the Three Months Ended												For the Nine Months Ended
	September 30, 2024			June 30, 2025			September 30, 2025			September 30, 2025			September 30, 2024			September 30, 2025			September 30, 2025
	RMB			RMB			RMB			USD			RMB			RMB			USD
Operating Highlights
Amount of loans facilitated		13,392,676			20,347,799			20,166,545			2,832,778			38,239,060			55,752,267			7,831,474
Number of borrowers		1,498,020			1,637,912			1,335,978			1,335,978			3,365,960			3,145,904			3,145,904
Remaining principal of performing loans		22,768,555			31,220,078			34,235,130			4,808,980			22,768,555			34,235,130			4,808,980
Cumulative number of insurance clients		1,470,738			1,681,888			1,853,435			1,853,435			1,470,738			1,853,435			1,853,435
Number of insurance clients		82,291			118,747			229,353			229,353			226,191			387,130			387,130
Gross written premiums		1,351,311			850,080			1,147,966			161,254			3,324,627			2,799,844			393,292
First year premium		511,377			440,353			443,189			62,255			1,602,905			1,296,039			182,054
Renewal premium		839,934			409,727			704,777			98,999			1,721,722			1,503,805			211,238

Segment Information
Financial services business:
Revenue		836,193			1,489,587			1,423,231			199,920			2,425,341			4,207,298			590,996
Sales and marketing expenses		307,459			332,405			322,184			45,257			812,484			915,492			128,598
Origination, servicing and other operating costs		119,706			105,617			87,322			12,266			318,727			333,562			46,855
Allowance for contract assets, receivables and others		93,248			216,260			226,267			31,784			319,140			594,639			83,528
Provision for contingent liabilities		272,406			385,674			459,783			64,585			618,589			1,256,220			176,460

Insurance brokerage business:
Revenue		85,530			58,137			84,228			11,831			301,982			213,825			30,036
Sales and marketing expenses		3,545			2,731			2,077			292			11,373			7,603			1,068
Origination, servicing and other operating costs		78,466			52,683			61,142			8,589			337,707			195,265			27,429
Allowance for contract assets, receivables and others		(414	)		564			677			95			(904	)		663			93

Others:
Revenue		557,365			104,376			47,505			6,673			1,626,385			340,466			47,825
Sales and marketing expenses		24,643			10,030			7,497			1,053			74,114			30,781			4,324
Origination, servicing and other operating costs		7,741			2,559			1,447			203			29,291			6,681			939
Allowance for contract assets, receivables and others		1,666			45			34			5			1,664			(1,915	)		(269	)

Reconciliation of Adjusted EBITDA
Net income		355,442			357,540			317,637			44,618			1,250,853			922,683			129,608
Interest income and investment income, net		(21,877	)		(24,598	)		(23,495	)		(3,300	)		(74,258	)		(72,299	)		(10,156	)
Income tax expense		44,665			63,877			56,053			7,874			268,480			146,276			20,547
Depreciation and amortization		2,401			2,643			3,252			457			6,319			8,192			1,151
Share-based compensation		13,235			6,932			14,439			2,028			16,578			23,558			3,310
Fair value adjustments related to crypto assets and financial investment		(12,954	)		(54,979	)		(131,101	)		(18,416	)		(11,286	)		(115,256	)		(16,190	)