OneConnect Financial Technology Co., Ltd. most recently reported annual revenue of $2.2B, a net loss of $460.0M. Revenue declined at an average annual rate of 0.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
OneConnect Financial Technology Co., Ltd.: Revenue rose from $582.0M in 2017 to $2.2B in 2024, a change of +286.3% over 7 years; net profit was positive in 0 of 8 reported years; operating margin moved from -153.0% to -13.5%, a shift of +139.5 percentage points; the most recent year shows a net loss of $460.0M.
Income Statement — 8 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
Revenue
$582.0M
$1.4B
$2.3B
$3.3B
$4.1B
$4.5B
$3.7B
$2.2B
Operating Expenses
$1.5B
$2.5B
$4.0B
$4.8B
$5.5B
$5.4B
$4.0B
$2.6B
Operating Profit
$-890.0M
$-1.1B
$-1.7B
$-1.5B
$-1.4B
$-982.0M
$-368.0M
$-304.0M
Operating Margin
-153.0%
-78.8%
-71.1%
-44.4%
-34.0%
-22.0%
-10.0%
-13.5%
Other Income
$-86.0M
$-49.0M
$-61.0M
$-81.0M
$-38.0M
$-9.0M
$158.0M
$54.0M
Interest
$86.0M
$161.0M
$175.0M
$150.0M
$77.0M
$37.0M
$19.0M
$12.0M
Depreciation
$288.0M
$354.0M
$460.0M
$90.0M
$439.0M
$281.0M
$201.0M
$100.0M
Profit Before Tax
$-977.0M
$-1.2B
$-1.8B
$-1.6B
$-1.4B
$-990.0M
$-210.0M
$-249.0M
Tax
$37.9M
$-2.3M
$4.3M
$8.8M
$7.8M
$6.3M
$-4.6M
$-182.6M
Net Profit
$-607.0M
$-1.2B
$-1.7B
$-1.4B
$-1.3B
$-872.0M
$-363.0M
$-460.0M
EPS
$-27.00
$-38.70
$-53.10
$-38.10
$-34.80
$-24.00
$-9.90
$-12.60
Dividend Payout
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
Sep '22
Dec '22
Mar '23
Jun '23
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Revenue
$1.1B
$1.2B
$926.0M
$973.0M
$844.0M
$925.0M
$723.0M
$692.0M
$417.0M
$415.0M
$368.0M
$433.0M
Operating Expenses
$1.2B
$1.4B
$1.0B
$1.1B
$939.0M
$970.0M
$790.0M
$732.0M
$467.0M
$563.0M
$424.0M
$483.0M
Operating Profit
$-155.0M
$-176.0M
$-114.0M
$-79.0M
$-96.0M
$-45.0M
$-66.0M
$-39.0M
$-50.0M
$-148.0M
$-56.0M
$-49.0M
Operating Margin
-14.5%
-14.1%
-12.4%
-8.1%
-11.4%
-4.9%
-9.2%
-5.7%
-12.1%
-35.6%
-15.3%
-11.4%
Interest
$8.0M
$9.0M
$6.0M
$1.0M
$3.0M
$1.0M
$4.0M
$4.0M
$4.0M
$0
$2.0M
$1.0M
Profit Before Tax
$-153.0M
$-211.0M
$-115.0M
$-78.0M
$-93.0M
$-41.0M
$-60.0M
$-24.0M
$-36.0M
$-129.0M
$-42.0M
$-41.0M
Tax
$8.0M
$6.4M
$1.6M
$-9.3M
$-1.4M
$-7.3M
$-150,000
$10.3M
$530,000
$-353.8M
$-1.5M
$-4.2M
Net Profit
$-141.0M
$-197.0M
$-113.0M
$-82.0M
$-91.0M
$-81.0M
$-104.0M
$243.0M
$-30.0M
$-569.0M
$-38.0M
$-40.0M
EPS
$-3.60
$-5.10
$-3.30
$-2.14
$-2.50
$-2.24
$-1.50
$-0.46
$-0.81
$-15.60
$-1.06
$-1.10
Over the 8 years reported for OneConnect Financial Technology Co., Ltd., borrowings decreased from $1.5B in 2017 to $44.0M in 2024, cash stood at $1.9B in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.36 times.
Balance Sheet — 8 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
Total Assets
$3.0B
$9.4B
$9.9B
$10.9B
$9.3B
$8.9B
$8.1B
$4.0B
Current Assets
$2.1B
$7.9B
$7.7B
$8.9B
$6.9B
$6.4B
$5.4B
$3.4B
Cash
$848.0M
$565.0M
$1.1B
$3.1B
$1.4B
$1.9B
$1.4B
$1.9B
Inventory
$310.0M
$337.0M
$177.0M
$40.0M
$749.0M
$-691.0M
$0
$0
Receivables
$43.0M
$627.0M
$1.2B
$1.1B
$1.7B
$1.1B
$810.0M
$902.0M
Fixed Assets
$161.0M
$320.0M
$315.0M
$224.0M
$244.0M
$151.0M
$85.0M
$44.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$906.0M
$2.6B
$2.2B
$2.3B
$3.4B
$2.9B
$3.2B
$455.0M
Other Assets
$0
$126.0M
$289.0M
$289.0M
$289.0M
$289.0M
$289.0M
$157.0M
Total Liabilities
$3.0B
$5.6B
$5.4B
$5.6B
$5.5B
$5.6B
$5.1B
$1.5B
Current Liabilities
$2.9B
$5.1B
$4.9B
$5.2B
$5.2B
$5.4B
$5.1B
$1.4B
Borrowings
$1.5B
$3.5B
$3.2B
$2.4B
$970.0M
$470.0M
$357.0M
$44.0M
Other Liabilities
$1.5B
$2.1B
$2.2B
$3.2B
$4.5B
$5.1B
$4.8B
$1.4B
Equity
$0
$0
$0
$0
$0
$0
$0
$0
Reserves
$-35.0M
$3.7B
$4.4B
$5.2B
$3.8B
$3.3B
$3.0B
$2.6B
For OneConnect Financial Technology Co., Ltd., operating cash flow was positive in 0 of 8 reported years; free cash flow in the latest year was negative at $304.0M; free cash flow was positive in 0 of 8 years; financing activities used $11.0M in the latest year, which covers debt repayment, dividends and buybacks.
What is OneConnect Financial Technology Co., Ltd.'s annual revenue?
OneConnect Financial Technology Co., Ltd. (OCFT) reported annual revenue of $2.2B in its most recent fiscal year.
What is OneConnect Financial Technology Co., Ltd.'s net profit?
OneConnect Financial Technology Co., Ltd. (OCFT) reported a net loss of $460.0M in its most recent fiscal year.
What is OCFT EV/EBITDA?
OneConnect Financial Technology Co., Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is -960.45. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.