9F Inc. most recently reported annual revenue of $460.0M, net profit of $164.0M. Revenue declined at an average annual rate of 18.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
9F Inc.: Revenue fell from $2.3B in 2016 to $460.0M in 2025, a change of -79.7% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 17.5% to 118.6%, a shift of +101.0 percentage points; the most recent year shows net profit of $164.0M.
Income Statement — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Revenue
$2.3B
$6.7B
$5.6B
$4.4B
$1.3B
$761.0M
$562.0M
$412.0M
$310.0M
$460.0M
Operating Expenses
$1.9B
$5.8B
$3.3B
$6.8B
$2.5B
$817.0M
$712.0M
$606.0M
$355.0M
$-85.0M
Operating Profit
$397.0M
$921.0M
$2.2B
$-2.4B
$-1.3B
$-55.0M
$-150.0M
$-194.0M
$-45.0M
$545.0M
Operating Margin
17.5%
13.7%
39.7%
-53.3%
-102.1%
-7.3%
-26.8%
-46.9%
-14.7%
118.6%
Other Income
$36.0M
$156.0M
$169.0M
$32.0M
$-431.0M
$-151.0M
$-433.0M
$61.0M
$110.0M
$-327.0M
Interest
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Depreciation
$9.0M
$12.0M
$19.0M
$37.0M
$24.0M
$32.0M
$21.0M
$18.0M
$22.0M
$22.0M
Profit Before Tax
$433.0M
$1.1B
$2.4B
$-2.3B
$-1.7B
$-207.0M
$-583.0M
$-133.0M
$64.0M
$218.0M
Tax
$62.6M
$32.8M
$16.9M
$7.5M
$-31.4M
$-12.9M
$-2.0M
$-5.8M
$21.8M
$25.2M
Net Profit
$142.0M
$401.0M
$1.7B
$-2.2B
$-2.3B
$-235.0M
$-595.0M
$-140.0M
$50.0M
$164.0M
EPS
$21.34
$58.57
$188.12
$-248.60
$-227.40
$-22.00
$-51.00
$-12.00
$4.20
$13.80
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
8 duplicate period labels in the source data were collapsed.
Metric
Mar '23
Jun '23
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Revenue
$130.0M
$130.0M
$76.0M
$76.0M
$71.0M
$71.0M
$84.0M
$84.0M
$76.0M
$76.0M
$69.0M
$69.0M
Operating Expenses
$187.0M
$187.0M
$116.0M
$116.0M
$107.0M
$107.0M
$71.0M
$71.0M
$62.0M
$62.0M
$77.0M
$77.0M
Operating Profit
$-57.0M
$-57.0M
$-40.0M
$-40.0M
$-35.0M
$-35.0M
$12.0M
$12.0M
$14.0M
$14.0M
$-8.0M
$-8.0M
Operating Margin
-44.0%
-44.0%
-51.9%
-51.9%
-49.2%
-49.2%
14.8%
14.8%
18.5%
18.5%
-12.2%
-12.2%
Interest
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Profit Before Tax
$-62.0M
$-62.0M
$-4.0M
$-4.0M
$9.0M
$9.0M
$23.0M
$23.0M
$120.0M
$120.0M
$-8.0M
$-8.0M
Tax
$-9.4M
$-9.4M
$46.1M
$138.2M
$31.3M
$31.3M
$18.1M
$18.1M
$8.7M
$8.7M
$-226.8M
$-226.8M
Net Profit
$-68.0M
$-68.0M
$-2.0M
$-2.0M
$6.0M
$6.0M
$19.0M
$19.0M
$109.0M
$109.0M
$-25.0M
$-25.0M
EPS
$-5.80
$-5.80
$-0.19
$-0.19
$0.53
$0.53
$1.57
$1.57
$9.20
$9.20
$-2.20
$-2.20
Over the 10 years reported for 9F Inc., borrowings increased from $1.0M in 2016 to $24.0M in 2025, cash stood at $751.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 38.38 times.
Balance Sheet — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
$2.2B
$6.3B
$9.1B
$8.9B
$5.4B
$5.0B
$4.3B
$4.0B
$4.1B
$4.4B
Current Assets
$1.9B
$5.5B
$7.9B
$7.2B
$4.5B
$4.2B
$3.6B
$2.9B
$3.2B
$921.0M
Cash
$1.2B
$3.8B
$5.5B
$4.7B
$2.7B
$2.4B
$2.4B
$1.7B
$379.0M
$751.0M
Inventory
$245.0M
$490.0M
$486.0M
$1.2B
$1.1B
$1.0B
$420.0M
$0
$1.0M
$0
Receivables
$375.0M
$538.0M
$339.0M
$423.0M
$178.0M
$452.0M
$355.0M
$38.0M
$153.0M
$167.0M
Fixed Assets
$20.0M
$55.0M
$86.0M
$232.0M
$92.0M
$62.0M
$78.0M
$80.0M
$65.0M
$45.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$152.0M
$1.2B
$1.8B
$800.0M
$872.0M
$981.0M
$963.0M
$1.8B
$3.1B
$3.2B
Other Assets
$11.0M
$13.0M
$13.0M
$72.0M
$22.0M
$22.0M
$25.0M
$0
$0
$0
Total Liabilities
$1.2B
$2.6B
$2.9B
$2.6B
$1.2B
$860.0M
$600.0M
$467.0M
$466.0M
$597.0M
Current Liabilities
$937.0M
$1.7B
$1.5B
$2.4B
$1.1B
$834.0M
$584.0M
$446.0M
$454.0M
$24.0M
Borrowings
$1.0M
$1.0M
$1.0M
$125.0M
$30.0M
$18.0M
$8.0M
$15.0M
$10.0M
$24.0M
Other Liabilities
$1.2B
$2.6B
$2.9B
$2.4B
$1.1B
$842.0M
$591.0M
$452.0M
$457.0M
$573.0M
Equity
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Reserves
$987.0M
$3.7B
$6.2B
$6.3B
$4.2B
$4.1B
$3.7B
$3.5B
$3.6B
$3.7B
For 9F Inc., operating cash flow was positive in 7 of 10 reported years; free cash flow in the latest year was $194.0M; free cash flow was positive in 7 of 10 years.
Cash Flow Statement — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Operating Cash Flow
$414.0M
$2.9B
$2.3B
$-429.0M
$-1.7B
$-230.0M
$63.0M
$63.0M
$46.0M
$196.0M
Investing Cash Flow
$-243.0M
$-1.1B
$-1.3B
$-764.0M
$39.0M
$-329.0M
$-323.0M
$-955.0M
$-1.3B
$-69.0M
Financing Cash Flow
$1.0M
$6.0M
$1.0M
$9.0M
$13.0M
$0
$0
$0
$0
$5.0M
Net Cash Flow
$1.4B
$2.4B
$1.7B
$-660.0M
$-1.7B
$-378.0M
$-107.0M
$-812.0M
$-1.2B
$134.0M
Free Cash Flow
$394.0M
$2.8B
$2.3B
$-486.0M
$-1.7B
$-237.0M
$19.0M
$57.0M
$45.0M
$194.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.00
EV / EBITDA
-8.84
FCF Yield
0.00%
Quick Ratio
7.73
Interest Coverage
—
Return 1Y
49.69%
Return 3Y
-35.16%
Return 5Y
-93.68%
9F Inc. (JFU) financials — frequently asked questions
What is 9F Inc.'s annual revenue?
9F Inc. (JFU) reported annual revenue of $460.0M in its most recent fiscal year.
What is 9F Inc.'s net profit?
9F Inc. (JFU) reported net profit of $164.0M in its most recent fiscal year.
What is JFU EV/EBITDA?
9F Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -8.84. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.