Noah Earnings Reports

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.