FinVolution Group (FINV) Balance Sheet

NYSE: FINVAssets, liabilities, debt and equity over 10 years.

FINV balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥25.43B assets = CN¥8.58B liabilities + CN¥16.85B equity

Both columns are drawn to the same scale: what FINV owns equals what it owes plus shareholders’ equity. Hover a block for its value.

FINV financial health

Debt / equity0.08

Low leverage · CN¥0.08 of debt for each $1 of equity

Equity / assets65.1%

Equity-funded · of assets funded by shareholders

Cash / debt695.9%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles1.7%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

FINV balance sheet trends, 2016–2025

FinVolution Group balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥2.15B2016	CN¥25.43B2025	+31.6%/yr
Total liabilities	CN¥1.38B2016	CN¥8.58B2025	+22.6%/yr
Shareholders’ equity	CN¥772.2M2016	CN¥16.56B2025	+40.6%/yr
Cash & short-term investments	CN¥664.7M2016	CN¥9.22B2025	+33.9%/yr
Total debt	CN¥15.6M2016	CN¥1.32B2025	+63.8%/yr
Net cash (debt)	CN¥649.0M2016	CN¥7.89B2025	+CN¥7.2B
Working capital	CN¥714.8M2016	CN¥12.39B2025	+CN¥11.7B
Debt / equity	0.022016	0.082025	+0.06
Shares outstanding	299.6M2016	266.8M2025	−1.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

FINV assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

FINV liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

FINV debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

FINV balance sheet in Chinese yuan

FinVolution Group annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CN¥9.22B	CN¥7.51B	CN¥7.93B	CN¥7.06B	CN¥5.62B	CN¥4.60B	CN¥2.44B	CN¥3.31B	CN¥3.85B	CN¥664.7M
Cash & equivalents	CN¥6.20B	CN¥4.67B	CN¥4.97B	CN¥3.64B	CN¥4.42B	CN¥2.63B	CN¥2.32B	CN¥1.62B	CN¥1.89B	CN¥404.7M
Short-term investments	CN¥3.02B	CN¥2.83B	CN¥2.96B	CN¥3.43B	CN¥1.20B	CN¥1.97B	CN¥114.6M	CN¥1.69B	CN¥1.96B	CN¥260.0M
Receivables	CN¥3.35B	CN¥8.28B	CN¥2.21B	CN¥6.07B	CN¥4.91B	CN¥4.36B	CN¥9.38B	CN¥5.32B	CN¥1.85B	CN¥346.2M
Inventory	CN¥0	CN¥0	CN¥205.5M	−CN¥3.64B	−CN¥2.73B	−CN¥3.42B	−CN¥8.33B	CN¥2.33B	CN¥2.0M	CN¥0
Other current assets	CN¥0	CN¥3.29B	CN¥7.86B	CN¥9.40B	CN¥8.60B	CN¥7.93B	CN¥13.38B	CN¥1.57B	CN¥2.54B	CN¥897.3M
Total current assets	CN¥12.56B	CN¥19.07B	CN¥18.21B	CN¥18.90B	CN¥16.40B	CN¥13.48B	CN¥16.88B	CN¥12.53B	CN¥8.24B	CN¥1.91B
Property, plant & equipment (net)	CN¥693.8M	CN¥660.6M	CN¥179.0M	CN¥333.8M	CN¥161.5M	CN¥148.8M	CN¥230.1M	CN¥144.0M	CN¥108.2M	CN¥37.6M
Goodwill & intangible assets	CN¥430.0M	CN¥187.7M	CN¥149.1M	CN¥149.1M	CN¥149.4M	CN¥149.4M	CN¥114.7M	CN¥119.3M	CN¥114.2M	CN¥0
Long-term investments	CN¥1.14B	CN¥1.17B	CN¥1.14B	CN¥1.08B	CN¥971.1M	CN¥950.5M	CN¥952.8M	CN¥167.5M	CN¥8.9M	CN¥2.4M
Other non-current assets	CN¥10.60B	CN¥2.51B	CN¥1.62B	CN¥919.4M	CN¥455.7M	CN¥155.8M	CN¥129.7M	CN¥179.1M	CN¥128.4M	CN¥199.0M
Total assets	CN¥25.43B	CN¥23.61B	CN¥21.29B	CN¥21.38B	CN¥18.14B	CN¥14.88B	CN¥18.30B	CN¥13.14B	CN¥8.60B	CN¥2.15B
Liabilities
Accounts payable	—	—	CN¥357.3M	—	—	—	CN¥0	CN¥905.0M	CN¥1.11B	CN¥421.7M
Short-term debt	CN¥170.5M	CN¥5.6M	CN¥5.8M	—	—	CN¥235.0M	CN¥235.0M	CN¥25.0M	CN¥17.3M	CN¥15.6M
Deferred revenue	—	CN¥1.53B	CN¥1.89B	CN¥1.81B	CN¥1.10B	CN¥1.26B	CN¥55.7M	CN¥165.5M	CN¥265.1M	—
Total current liabilities	CN¥170.5M	CN¥4.42B	CN¥3.66B	CN¥4.93B	CN¥4.00B	CN¥3.86B	CN¥9.95B	CN¥7.03B	CN¥4.32B	CN¥1.19B
Long-term debt	CN¥1.11B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥44.7M	CN¥28.8M	CN¥35.9M	CN¥177.0M	CN¥33.4M	CN¥43.3M	CN¥85.1M	CN¥0	CN¥0	CN¥0
Other long-term liabilities	CN¥7.30B	CN¥3.63B	CN¥6.48B	CN¥4.01B	CN¥3.42B	CN¥2.59B	CN¥339.2M	CN¥127.8M	CN¥604.5M	CN¥181.7M
Total liabilities	CN¥8.58B	CN¥8.05B	CN¥7.42B	CN¥8.94B	CN¥7.43B	CN¥6.45B	CN¥10.29B	CN¥7.16B	CN¥4.92B	CN¥1.38B
Shareholders' equity
Common stock & paid-in capital	CN¥103,063	CN¥103,000	CN¥103,000	CN¥103,000	CN¥103,000	CN¥103,000	CN¥103,000	CN¥102,000	CN¥56,000	CN¥0
Retained earnings (deficit)	CN¥12.06B	CN¥11.06B	CN¥9.12B	CN¥6.50B	CN¥4.69B	CN¥2.65B	CN¥1.97B	CN¥45.7M	−CN¥2.40B	−CN¥369.1M
Treasury stock	—	—	—	—	—	—	−CN¥47.2M	−CN¥332.1M	CN¥0	CN¥0
Accumulated other comprehensive income	CN¥1.06B	CN¥92.6M	CN¥842.5M	CN¥750.6M	CN¥593.6M	CN¥452.9M	CN¥387.5M	CN¥314.2M	CN¥70.0M	−CN¥69.4M
Minority interest	CN¥293.9M	CN¥349.6M	CN¥122.1M	CN¥72.8M	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Total shareholders' equity	CN¥16.56B	CN¥15.20B	CN¥13.75B	CN¥12.37B	CN¥10.66B	CN¥8.36B	CN¥7.95B	CN¥5.92B	CN¥3.68B	CN¥772.2M
Key figures
Total debt	CN¥1.32B	CN¥34.4M	CN¥41.6M	CN¥177.0M	CN¥33.4M	CN¥43.3M	CN¥320.1M	CN¥25.0M	CN¥17.3M	CN¥15.6M
Net cash (debt)	CN¥7.89B	CN¥7.47B	CN¥7.89B	CN¥6.89B	CN¥5.59B	CN¥4.56B	CN¥2.12B	CN¥3.29B	CN¥3.84B	CN¥649.0M
Working capital	CN¥12.39B	CN¥14.65B	CN¥14.54B	CN¥13.97B	CN¥12.40B	CN¥9.62B	CN¥6.92B	CN¥5.50B	CN¥3.93B	CN¥714.8M
Tangible book value	CN¥16.13B	CN¥15.02B	CN¥13.60B	CN¥12.22B	CN¥10.51B	CN¥8.21B	CN¥7.83B	CN¥5.80B	CN¥3.57B	CN¥772.2M
Shares outstanding	266.8M	264.0M	280.6M	290.9M	296.5M	298.3M	310.5M	319.9M	311.9M	299.6M
Current ratio	73.69	4.31	4.97	3.83	4.10	3.49	1.70	1.78	1.91	1.60
Quick ratio	73.69	3.57	2.77	2.67	2.63	2.32	1.19	1.23	1.32	0.85
Debt / equity	0.08	0.00	0.00	0.01	0.00	0.01	0.04	0.00	0.00	0.02
Equity / assets	65.1%	64.4%	64.6%	57.9%	58.7%	56.2%	43.4%	45.1%	42.8%	36.0%

FinVolution Group quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CN¥8.06B	CN¥9.16B	CN¥9.22B	CN¥50.10B	CN¥7.89B	CN¥8.46B	CN¥7.51B	CN¥8.97B	CN¥8.14B	CN¥8.54B	CN¥7.93B	CN¥8.53B
Cash & equivalents	CN¥4.89B	CN¥6.53B	CN¥6.20B	CN¥30.17B	CN¥5.30B	CN¥5.41B	CN¥4.67B	CN¥5.10B	CN¥5.71B	CN¥6.21B	CN¥4.97B	CN¥5.70B
Short-term investments	CN¥3.16B	CN¥2.63B	CN¥3.02B	CN¥19.93B	CN¥2.60B	CN¥3.06B	CN¥2.83B	CN¥3.87B	CN¥2.43B	CN¥2.32B	CN¥2.96B	CN¥2.82B
Receivables	CN¥10.92B	CN¥9.94B	CN¥3.35B	CN¥73.06B	CN¥9.56B	CN¥7.94B	CN¥8.30B	CN¥6.15B	CN¥2.38B	CN¥2.13B	CN¥2.21B	CN¥5.52B
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥205.5M	CN¥205.5M	CN¥2.16B
Other current assets	CN¥0	CN¥0	CN¥0	CN¥16.88B	CN¥1.77B	CN¥2.02B	CN¥3.27B	CN¥1.83B	CN¥5.22B	CN¥3.92B	CN¥7.86B	CN¥2.97B
Total current assets	CN¥12.37B	CN¥12.12B	CN¥12.56B	CN¥140.04B	CN¥19.23B	CN¥18.42B	CN¥19.07B	CN¥16.95B	CN¥15.73B	CN¥14.79B	CN¥18.21B	CN¥19.18B
Property, plant & equipment (net)	CN¥665.9M	CN¥673.3M	CN¥693.8M	CN¥4.60B	CN¥657.3M	CN¥653.8M	CN¥660.6M	CN¥667.9M	CN¥670.5M	CN¥646.0M	CN¥179.0M	CN¥318.4M
Goodwill & intangible assets	CN¥366.1M	CN¥428.5M	CN¥430.0M	CN¥1.05B	CN¥147.9M	CN¥198.3M	CN¥187.7M	CN¥187.7M	CN¥187.7M	CN¥149.1M	CN¥149.1M	CN¥149.1M
Long-term investments	CN¥1.16B	CN¥1.14B	CN¥1.14B	CN¥1.21B	CN¥1.14B	CN¥1.14B	CN¥1.17B	CN¥1.17B	CN¥1.16B	CN¥1.15B	CN¥1.14B	CN¥1.13B
Other non-current assets	CN¥11.51B	CN¥11.22B	CN¥10.60B	CN¥40.29B	CN¥4.47B	CN¥4.02B	CN¥2.51B	CN¥3.81B	CN¥4.21B	CN¥4.66B	CN¥1.62B	CN¥1.46B
Total assets	CN¥26.08B	CN¥25.59B	CN¥25.43B	CN¥187.19B	CN¥25.65B	CN¥24.43B	CN¥23.61B	CN¥22.78B	CN¥21.95B	CN¥21.40B	CN¥21.29B	CN¥22.23B
Liabilities
Accounts payable	—	—	—	—	—	—	—	—	—	CN¥357.3M	—	CN¥357.3M
Short-term debt	CN¥387.6M	CN¥191.4M	CN¥170.5M	CN¥653.9M	CN¥67.3M	CN¥27.0M	CN¥5.6M	CN¥6.0M	CN¥5.5M	CN¥5.7M	CN¥5.8M	CN¥5.8M
Deferred revenue	—	—	—	CN¥9.42B	CN¥1.36B	CN¥1.38B	CN¥1.53B	CN¥1.64B	CN¥1.71B	CN¥1.83B	CN¥1.89B	CN¥1.87B
Total current liabilities	CN¥387.6M	CN¥191.4M	CN¥170.5M	CN¥33.86B	CN¥4.65B	CN¥5.05B	CN¥4.42B	CN¥4.24B	CN¥4.13B	CN¥1.96B	CN¥3.66B	CN¥4.48B
Long-term debt	CN¥1.15B	CN¥1.14B	CN¥1.11B	CN¥1.03B	CN¥1.03B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥40.1M	CN¥44.8M	CN¥44.7M	CN¥27.3M	CN¥33.9M	CN¥32.1M	CN¥28.8M	CN¥25.3M	CN¥30.8M	CN¥33.2M	CN¥35.9M	CN¥159.6M
Other long-term liabilities	CN¥7.80B	CN¥7.78B	CN¥7.30B	CN¥33.29B	CN¥3.82B	CN¥3.58B	CN¥3.63B	CN¥3.66B	CN¥3.45B	CN¥5.62B	CN¥6.48B	CN¥4.20B
Total liabilities	CN¥9.34B	CN¥9.11B	CN¥8.58B	CN¥68.18B	CN¥9.50B	CN¥8.63B	CN¥8.05B	CN¥7.89B	CN¥7.58B	CN¥7.58B	CN¥7.42B	CN¥8.68B
Shareholders' equity
Common stock & paid-in capital	CN¥103,032	CN¥102,609	CN¥103,063	CN¥733,360	CN¥103,000	CN¥103,000	CN¥103,000	CN¥103,000	CN¥103,000	CN¥103,000	CN¥103,000	CN¥103,000
Retained earnings (deficit)	CN¥12.41B	CN¥11.92B	CN¥12.06B	CN¥84.13B	CN¥11.19B	CN¥10.44B	CN¥11.06B	CN¥9.62B	CN¥8.99B	CN¥8.44B	CN¥9.12B	CN¥7.90B
Accumulated other comprehensive income	CN¥1.08B	CN¥1.08B	CN¥1.06B	CN¥6.29B	CN¥929.8M	CN¥929.1M	CN¥92.6M	CN¥826.9M	CN¥805.7M	CN¥853.6M	CN¥842.5M	CN¥787.3M
Minority interest	CN¥108.8M	CN¥299.9M	CN¥293.9M	CN¥316.7M	CN¥345.2M	—	—	—	—	—	—	—
Total shareholders' equity	CN¥16.64B	CN¥16.18B	CN¥16.56B	CN¥116.76B	CN¥15.80B	CN¥15.46B	CN¥15.20B	CN¥14.53B	CN¥14.02B	CN¥13.68B	CN¥13.75B	CN¥13.42B
Key figures
Total debt	CN¥1.58B	CN¥1.37B	CN¥1.32B	CN¥8.17B	CN¥1.14B	CN¥59.0M	CN¥34.4M	CN¥31.3M	CN¥36.3M	CN¥38.8M	CN¥41.6M	CN¥159.6M
Net cash (debt)	CN¥6.48B	CN¥7.79B	CN¥7.89B	CN¥41.93B	CN¥6.76B	CN¥8.40B	CN¥7.47B	CN¥8.94B	CN¥8.10B	CN¥8.50B	CN¥7.89B	CN¥8.37B
Working capital	CN¥11.99B	CN¥11.93B	CN¥12.39B	CN¥106.18B	CN¥14.58B	CN¥13.37B	CN¥14.65B	CN¥12.71B	CN¥11.60B	CN¥12.83B	CN¥14.54B	CN¥14.71B
Tangible book value	CN¥16.27B	CN¥15.76B	CN¥16.13B	CN¥115.70B	CN¥15.65B	CN¥15.26B	CN¥15.02B	CN¥14.34B	CN¥13.83B	CN¥13.53B	CN¥13.60B	CN¥13.28B
Shares outstanding	250.5M	256.8M	265.7M	269.9M	264.6M	263.2M	260.7M	263.8M	259.8M	268.2M	273.5M	276.4M
Current ratio	31.93	63.35	73.69	4.14	4.14	3.64	4.31	4.00	3.81	7.54	4.97	4.29
Quick ratio	48.95	99.80	73.69	3.64	3.75	3.25	3.57	3.57	2.55	5.44	2.77	3.14
Debt / equity	0.09	0.08	0.08	0.07	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.01
Equity / assets	63.8%	63.2%	65.1%	62.4%	61.6%	63.3%	64.4%	63.8%	63.8%	63.9%	64.6%	60.4%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 29, 2026); data from EODHD.

FINV financial position

At the end of fiscal 2025 (December 31, 2025), FinVolution had total assets of CN¥25.4 billion (up 7.7% from a year earlier), total liabilities of CN¥8.6 billion and shareholders' equity of CN¥16.6 billion. It held CN¥9.2 billion in cash and short-term investments against CN¥1.3 billion of debt, a net cash position of CN¥7.9 billion. Its current ratio was 73.69. In the latest quarter (ended June 30, 2026) total assets were CN¥26.1 billion and equity CN¥16.6 billion.

Related: FINV income statement, FINV cash flow statement, FINV key metrics. See the FINV stock overview for the latest quote and news.

FINV balance sheet FAQ

What are FinVolution's total assets?

FinVolution reported total assets of CN¥25.4 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥23.6 billion a year earlier.

How much debt does FinVolution have?

FinVolution had CN¥1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.08.

How much cash does FinVolution have?

FinVolution held CN¥9.2 billion in cash and short-term investments at the end of fiscal 2025; with CN¥1.3 billion of debt that is net cash of CN¥7.9 billion.

What is FinVolution's book value?

FinVolution's shareholders' equity (book value) was CN¥16.6 billion at the end of fiscal 2025.

What is FinVolution's current ratio?

FinVolution had current assets of CN¥12.6 billion and current liabilities of CN¥170.5 million, a current ratio of 73.69 (it can cover its short-term obligations).

How much goodwill does FinVolution have?

FinVolution carried CN¥430.0 million of goodwill and intangible assets, 1.7% of total assets, at the end of fiscal 2025.