Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Jiayin Group GAAP EPADS of -$0.52, revenue of $108.6M

Jiayin Group Inc., a NASDAQ-listed company, reported a significant loss for the second quarter of 2026, with revenue falling 60.9% year-over-year to RMB736.9 million ($108.6 million). The company's net loss was RMB183.6 million ($27.1 million), or -RMB3.56 per ADS, compared to net income of RMB519.1 million in the same period last year.

Transaction volume dropped 74.4% year-over-year to RMB9.5 billion ($1.4 billion), primarily due to lower loan facilitation services revenue, which decreased by 88.5% to RMB184.8 million ($27.2 million). The company suspended its dividend for fiscal year 2026 to support capital investments for its strategic transformation.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at seekingalpha.com →

More in Finance & Markets

More from Friday 28 August →