Noah Holdings reported net income of $30.7 million for Q3 2025, with non-GAAP EPS of $0.46. Revenue declined to $88.9 million, mainly due to lower one-time commissions and overseas performance-based income, but profit surged thanks to affiliate investment gains and margin improvement.

Noah Holdings posted a significant jump in net income and operating profit, driven by increased distribution of investment products and a growing share of overseas revenues.

Noah Holdings saw a strong improvement in profitability during Q1 2025, with operating income up 53.1% YoY and non-GAAP EPS at $0.33, even as revenue declined mainly due to weaker domestic insurance distribution.

Noah Holdings reported Q4 2024 net revenues of $89.3 million, down 18.5% year-over-year. Net income attributable to shareholders dropped by 49.3% to $15.0 million, while non-GAAP net income fell 43.3%. The business faced headwinds from reduced insurance product distributions and higher tax expenses but saw growth in performance-based income from public securities.