LX - LexinFintech Non-GAAP EPADS of $0.10 revenue of $270.12M

LexinFintech press release (NASDAQ:LX): Q1 Non-GAAP EPADS of $0.10. Revenue of $270.12M (-39.9% Y/Y). Non-GAAP EBIT was RMB156M, representing a decrease of 82.8% from the first quarter of 2021. Total number of registered users reached 171M as of March 31, 2022, representing an increase of 29.4% from 132M as of March 31, 2021; and users with credit line reached 37.8M as of March 31, 2022, up by 24.8% from 30.3M as of March 31, 2021. As of March 31, 2021, we cumulatively originated RMB702 billion in loans, an increase of 40.7% from RMB499 billion a year ago. Total loan originations in the first quarter of 2022 was RMB43.2B, a decrease of 19.8% from RMB53.8B in the first quarter of 2021. The GMV in the first quarter of 2022 amounted to RMB 669 million, representing a decrease of 10.7% from RMB749 million in the first quarter of 2021.

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LexinFintech Non-GAAP EPADS of $0.10, revenue of $270.12M