Yiren Digital Q1 2026 Financial Results
Yiren Digital Ltd. (NYSE:YRD) reported first‑quarter 2026 results that showed a marked improvement in loss metrics despite a sharp revenue contraction. The company’s adjusted loss per American Depositary Share (ADS) was RMB5.64, a reduction from the RMB9.96 loss recorded in the fourth quarter of 2025, indicating a 43% sequential narrowing of the per‑share loss.
Revenue for the quarter totaled RMB915.1 million, representing a 41% year‑over‑year decline from RMB1,554.5 million in the same quarter last year. The decline was attributed to lower loan‑facilitation volumes and reduced service‑fee rates imposed under newly introduced regulatory requirements.
Net loss for the quarter narrowed to RMB494.7 million, compared with a net loss of RMB868.2 million in Q4 2025, underscoring a significant sequential improvement. On a year‑over‑year basis, the company moved from a net income of RMB247.5 million in Q1 2025 to a net loss in the current quarter.
Adjusted EBITDA recorded a loss of RMB336.8 million, an improvement from the RMB1,028.5 million loss reported in the prior quarter.
Total loans facilitated fell 42% year‑over‑year to RMB8.9 billion, reflecting the reduced loan‑origination activity. In contrast, the insurance brokerage segment demonstrated strength, with revenue increasing 22% year‑over‑year to RMB87.2 million and the number of insurance clients surging 413% year‑over‑year to 397,854.
Chief Financial Officer William Hui commented that the credit performance of newly originated loan assets continued to improve during the quarter and that the overall quality of the loan portfolio had stabilized. He added that risk trends in the legacy book were improving and that the company expects more meaningful profitability gains in the second half of the year.
Following the release of these results, Yiren Digital’s shares rose 4.34% in pre‑market trading.