v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Net revenue ¥ 19,205,059 $ 2,746,287 ¥ 17,165,656 ¥ 16,290,027
Facilitation, origination and servicing costs charged by related parties 123,968   116,511 118,849
Sales and marketing expenses charged by related parties 156,020   103,786 223,627
General and administrative expenses charged by related parties 12,263   13,110 13,610
Provision for financial asset receivable, including provision generated from related parties (1,150)   (200) 633
Provision for accounts receivable and contract assets, including provision charged by related parties ¥ (1,523)   ¥ 1,861 ¥ (10,197)
ADS ratio for net income per ADS calculation 2 2 2 2
Related parties        
Net revenue ¥ 5,782   ¥ 61,548 ¥ 301,768
Credit driven services        
Net revenue 13,977,218 $ 1,998,716 11,719,027 11,738,560
Loan facilitation and servicing fees-capital heavy        
Net revenue 1,604,903 229,498 1,016,514 1,667,119
Loan facilitation and servicing fees-capital heavy | Related parties        
Net revenue 0   2,052 5,931
Revenue from releasing of guarantee liabilities        
Net revenue 3,412,952 488,046 3,695,017 4,745,898
Revenue from releasing of guarantee liabilities | Related parties        
Net revenue 1,013   15,544 42,499
Platform services        
Net revenue 5,227,841 747,571 5,446,629 4,551,467
Loan facilitation and servicing fees-capital light        
Net revenue 1,162,563 166,244 2,116,797 3,213,955
Loan facilitation and servicing fees-capital light | Related parties        
Net revenue 4,503   24,064 199,185
Referral services fees        
Net revenue 2,738,786 391,641 2,842,637 950,016
Referral services fees | Related parties        
Net revenue 0   1,973 8,601
Other services fees        
Net revenue 1,326,492 $ 189,686 487,195 387,496
Other services fees | Related parties        
Net revenue ¥ 266   ¥ 17,915 ¥ 45,552