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Jun 30
Qudian Q2 2025 Earnings Report
Qudian reported a sharp drop in revenue but significantly increased its net income in Q2 2025, driven by investment income and cost-cutting.
Key Takeaways
Qudian saw revenue decline to just $0.5 million in Q2 2025 due to the wind-down of its last-mile delivery business. However, thanks to substantial investment income and gains on derivatives, net income rose to $43.5 million.
Revenue dropped to $0.5 million, down from $7.4 million last year.
Net income surged to $43.5 million, driven by investment income.
The company reported $61.5 million in interest and investment income.
Share repurchases totaled $748.8 million to date, with $54.6 million under the current program.
Qudian
Qudian
Qudian Revenue by Segment
Qudian Revenue by Geographic Location
Revenue by Segment
Last-mile Delivery Revenue
CapyFin.comRevenue by Geographic Location
Unspecified Geography Revenue
CapyFin.com Forward Guidance
Qudian plans to maintain a leaner business model post-wind down of last-mile delivery while focusing on investment returns and preserving cash.
Positive Outlook
- Strong net income driven by financial investments
- High cash reserves of over $562M
- Ongoing share repurchase supporting shareholder value
- Low operational cash burn in Q2 2025
- Cost discipline post wind-down of low-margin segments
Challenges Ahead
- Revenue fell over 90% year-over-year
- Loss from operations of $15.9 million
- Ongoing wind-down of core business activity
- Net cash outflows from operations and investing
- Significant impairment loss from other assets