Jiayin Group Inc (JFIN) Cash Flow Statement

NASDAQ: JFINOperating cash, capex, free cash flow and buybacks.

Where JFIN’s cash came from and went, 2025

December 31, 2025 · Chinese yuan
Cash from operations
CN¥1.26B
−11.8% vs 2024
Capital expenditures
CN¥635.1M
73.4% of revenue
Free cash flow
CN¥622.3M
71.9% margin
Returned to shareholders
CN¥218.9M
35% of free cash flow
Change in cash
−CN¥202.4M
cash at year-end CN¥475.4M
Cash from operations: CN¥1.26BCash from operationsCN¥1.26BBorrowing: CN¥706.1MBorrowingCN¥706.1MDrawn from cash: CN¥202.4MDrawn from cashCN¥202.4MAcquisitions & other: CN¥1.14BAcquisitions & otherCN¥1.14B · 53%Capital expenditures: CN¥635.1MCapital expendituresCN¥635.1M · 29%Investments (net): CN¥167.0MInvestments (net)CN¥167.0M · 8%Share buybacks: CN¥110.7MShare buybacksCN¥110.7M · 5%Dividends: CN¥108.2MDividendsCN¥108.2M · 5%CN¥2.17B
Cash from operations
CN¥1.26B
Capital expenditures
−CN¥635.1M
Investments (net)
−CN¥167.0M
Acquisitions & other
−CN¥1.14B
Dividends
−CN¥108.2M
Share buybacks (net)
−CN¥110.7M
Net borrowing (repayment)
+CN¥706.1M
Change in cash
−CN¥202.4M

Drawn to scale: where the cash came from and how it was used. Hover for values.

JFIN operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

JFIN cash flow trends, 2016–2025

MetricTrendThenLatestChange
Operating cash flowCN¥257.5M2016CN¥1.26B2025+19.3%/yr
Capital expendituresCN¥6.7M2016CN¥635.1M2025+65.7%/yr
Free cash flowCN¥250.8M2016CN¥622.3M2025+10.6%/yr
Free cash flow margin42.4%201671.9%2025+29.5 pts
Operating cash flow / net income0.1920170.822025+0.62
Stock-based compensationCN¥39.9M2016CN¥157.9M2025+16.5%/yr
Dividends paidCN¥112016CN¥108.2M2025+500.6%/yr
Share buybacks (net)CN¥02016CN¥110.7M2025—
Capex / revenue1.1%201673.4%2025+72.2 pts

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

JFIN cash flow by activity

OperatingInvestingFinancingChange in cash

JFIN net income vs operating cash flow

Net incomeOperating cash flow

Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).

JFIN cash flow statement in Chinese yuan

2025202420232022202120202019201820172016
Operating activities
Net incomeCN¥1.54BCN¥1.06BCN¥1.30BCN¥8.09BCN¥467.8MCN¥250.1MCN¥527.2MCN¥611.8MCN¥539.5M−CN¥389.8M
Depreciation & amortizationCN¥70.9MCN¥17.9MCN¥9.5MCN¥10.0MCN¥15.7MCN¥23.2MCN¥17.7MCN¥11.3MCN¥4.1MCN¥1.1M
Stock-based compensationCN¥157.9MCN¥59.1MCN¥54.4MCN¥291.5MCN¥15.2MCN¥30.7MCN¥147.6MCN¥67.8MCN¥89.4MCN¥39.9M
Change in working capital−CN¥562.1MCN¥258.9M−CN¥880.4M−CN¥7.00B−CN¥216.9M−CN¥377.3M−CN¥898.0M−CN¥1.19B−CN¥659.2MCN¥480.6M
Other non-cash itemsCN¥54.9MCN¥33.1M−CN¥91.4M−CN¥475.0M−CN¥97.1MCN¥37.9MCN¥231.9MCN¥266.0MCN¥130.9MCN¥125.7M
Cash from operating activitiesCN¥1.26BCN¥1.43BCN¥389.6MCN¥915.4MCN¥184.5M−CN¥35.5MCN¥26.3M−CN¥228.4MCN¥104.8MCN¥257.5M
Investing activities
Capital expenditures−CN¥635.1M−CN¥739.1M−CN¥31.5M−CN¥119.7M−CN¥2.8M−CN¥848,000−CN¥27.6M−CN¥16.9M−CN¥21.7M−CN¥6.7M
Investments (net)−CN¥167.0M−CN¥783.5M−CN¥105.8M−CN¥22.9M−CN¥126.2M−CN¥3.4M−CN¥234.2M−CN¥16.4MCN¥61.2M−CN¥89.7M
Acquisitions & other investing−CN¥1.14BCN¥739.1MCN¥31.5M−CN¥14.6MCN¥2.8MCN¥37.5MCN¥27.6MCN¥16.9MCN¥21.7MCN¥6.7M
Cash from investing activities−CN¥1.95B−CN¥783.5M−CN¥105.8M−CN¥157.2M−CN¥126.2MCN¥33.2M−CN¥234.2M−CN¥16.4MCN¥61.2M−CN¥89.7M
Financing activities
Dividends paid−CN¥108.2M−CN¥301.2M−CN¥156.7MCN¥0−CN¥2.6MCN¥0CN¥0−CN¥400.0M−CN¥19−CN¥11
Share repurchases & issuance (net)−CN¥110.7M−CN¥53.3M−CN¥38.1M−CN¥14.8MCN¥0CN¥0CN¥243.6MCN¥0CN¥0CN¥0
Net borrowing (repayment)CN¥706.1MCN¥21.6MCN¥0CN¥0CN¥0CN¥3.1MCN¥230,000−CN¥33.6MCN¥13.9MCN¥81.1M
Shares issuedCN¥0CN¥0CN¥0CN¥0CN¥0CN¥0CN¥243.6MCN¥0CN¥0CN¥0
Other financingCN¥0CN¥169,000CN¥1.3M−CN¥71.4MCN¥12.5MCN¥7.5M−CN¥242.8MCN¥0CN¥19CN¥100.0M
Cash from financing activitiesCN¥487.2M−CN¥332.7M−CN¥193.5M−CN¥86.1MCN¥9.9MCN¥10.6MCN¥244.7M−CN¥433.6MCN¥13.9MCN¥181.1M
Summary
Net change in cash−CN¥202.4MCN¥305.2MCN¥79.6MCN¥743.3MCN¥65.2M−CN¥2.8MCN¥39.2M−CN¥678.4MCN¥179.8MCN¥348.9M
Cash at end of periodCN¥475.4MCN¥677.9MCN¥372.6MCN¥2.01BCN¥184.6MCN¥119.3MCN¥122.1MCN¥82.9MCN¥761.3MCN¥581.5M
Free cash flowCN¥622.3MCN¥686.4MCN¥358.0MCN¥795.7MCN¥181.8M−CN¥36.4M−CN¥1.3M−CN¥245.3MCN¥83.0MCN¥250.8M
Free cash flow margin71.9%11.8%6.5%24.3%10.2%−2.8%−0.1%−8.5%3.7%42.4%
Capex / revenue73.4%12.7%0.6%3.7%0.2%0.1%1.2%0.6%1.0%1.1%
Operating cash flow / net income0.821.350.300.110.39−0.140.05−0.370.19—

Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported; data from EODHD.

JFIN cash generation

In fiscal 2025 (ended December 31, 2025), Jiayin generated CN¥1.3 billion of cash from operations (down 11.8%) and spent CN¥635.1 million on capital expenditures, leaving free cash flow of CN¥622.3 million, 71.9% of revenue. It returned CN¥218.9 million to shareholders through dividends (CN¥108.2 million) and net share buybacks (CN¥110.7 million). Cash and equivalents fell by CN¥202.4 million over the year.

Related: JFIN income statement, JFIN balance sheet, JFIN dividend history. See the JFIN stock overview for the latest quote and news.

JFIN cash flow FAQ

What is Jiayin's free cash flow?

Jiayin's free cash flow was CN¥622.3 million in fiscal 2025: CN¥1.3 billion of operating cash flow minus CN¥635.1 million of capital expenditures It was CN¥686.4 million a year earlier..

How much cash does Jiayin generate from operations?

Jiayin generated CN¥1.3 billion of cash from operating activities in fiscal 2025, 0.82 times its net income of CN¥1.5 billion.

How much does Jiayin spend on capital expenditures?

Jiayin spent CN¥635.1 million on capital expenditures in fiscal 2025, 73.4% of revenue, compared with CN¥739.1 million the year before.

How much stock does Jiayin buy back?

Jiayin spent CN¥110.7 million on net share repurchases in fiscal 2025.

How much does Jiayin pay in dividends?

Jiayin paid CN¥108.2 million in dividends in fiscal 2025, 17.4% of free cash flow.

Credit Services: cash flow