Financial Services · Financial - Credit Services
Price
$2.51
Market Cap
$405.6M
Employees
262
Beta
1.21
Avg Volume
261,767
CEO
Min Luo
Business Description
Qudian Inc. functions as a technology enterprise primarily serving individual consumers across the People's Republic of China. The company's principal activities encompass the provision of micro-credit and short-term cash advances, alongside financial leasing and credit guarantee solutions. Additionally, Qudian offers technology development and support services. In a more recent diversification, the firm also supplies ready-to-cook meal kits, catering specifically to the needs of the working-class demographic. Founded in 2014, its corporate headquarters are situated in Xiamen, China.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
0.57
Stock Price: $2.51
EPS (Diluted): 4.37
EPS (Diluted): 4.37
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.34
Stock Price: $2.51
Total Equity: $11.64B
Shares: 157,946,200
Total Equity: $11.64B
Shares: 157,946,200
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
5.62
Market Cap: $405.59M
Total Debt: $1.58B
Cash: $7.06B
EBITDA: -$277.31M
Total Debt: $1.58B
Cash: $7.06B
EBITDA: -$277.31M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
-$1.6B
Market Cap: $405.59M
Total Debt: $1.58B
Cash: $7.06B
Total Debt: $1.58B
Cash: $7.06B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
7.1%
Gross Profit: $2.91M
Revenue: $40.92M
Revenue: $40.92M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-877.7%
Operating Income: -$359.18M
Revenue: $40.92M
Revenue: $40.92M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
1,731.7%
Net Income: $708.63M
Revenue: $40.92M
Revenue: $40.92M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
6.1%
Net Income: $708.63M
Total Equity: $11.64B
Total Equity: $11.64B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-5.6%
Operating Income: -$359.18M
Tax Rate: 4.1%
Equity: $11.64B
Total Debt: $1.58B
Cash: $7.06B
Tax Rate: 4.1%
Equity: $11.64B
Total Debt: $1.58B
Cash: $7.06B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
6.22
Current Assets: $9.83B
Current Liabilities: $1.58B
Current Liabilities: $1.58B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.14
Short-Term Debt: $1.58B
Long-Term Debt: $0.00
Total Debt: $1.58B
Total Equity: $11.64B
Long-Term Debt: $0.00
Total Debt: $1.58B
Total Equity: $11.64B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.26
Revenue: $40.92M
Shares: 157,946,200
Shares: 157,946,200
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$73.69
Total Equity: $11.64B
Shares: 157,946,200
Shares: 157,946,200
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$3.61
Operating CF: $687.06M
CapEx: -$116.62M
Shares: 157,946,200
CapEx: -$116.62M
Shares: 157,946,200
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $2.51
Stock Price: $2.51
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $708.63M
Net Income: $708.63M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares HTT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 25, 2026 6:05am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.7B | $577.5M | $126.3M | $216.4M | $40.9M |
| Cost of Revenue | $298.7M | $383.1M | $160.1M | $201.0M | $38.0M |
| Gross Profit | $1.4B | $194.4M | -$33.8M | $15.4M | $2.9M |
| Operating Expenses | $432.6M | $523.9M | $297.2M | $323.6M | $362.1M |
| Operating Income | $922.7M | -$329.5M | -$331.0M | -$308.1M | -$359.2M |
| Net Income | $589.1M | -$362.0M | $39.1M | $91.7M | $708.6M |
| EBITDA | $961.9M | -$201.9M | $142.7M | $213.0M | -$277.3M |
| EPS | $2.32 | $-1.47 | $0.18 | $0.50 | $4.37 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 6:05am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.1B | $3.5B | $7.2B | $4.3B | $7.1B |
| Total Current Assets | $12.2B | $11.1B | $10.2B | $10.1B | $9.8B |
| Total Assets | $14.1B | $12.7B | $12.5B | $12.5B | $13.6B |
| Current Liabilities | $493.5M | $584.9M | $754.5M | $1.1B | $1.6B |
| Long-Term Debt | $826.7M | $116.2M | $0 | $0 | $0 |
| Total Liabilities | $1.6B | $703.7M | $794.2M | $1.2B | $2.0B |
| Total Equity | $12.5B | $12.0B | $11.7B | $11.3B | $11.6B |
| Retained Earnings | $8.9B | $8.5B | $8.6B | $8.7B | $9.4B |
Cash Flow (Annual)
Last updated: Jun 25, 2026 6:05am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $922.1M | $260.9M | $352.0M | -$111.0M | $687.1M |
| Capital Expenditure | -$478.4M | -$273.6M | -$565.0M | -$318.0M | -$116.6M |
| Free Cash Flow | $443.6M | -$12.8M | -$213.0M | -$429.0M | $570.4M |
| Acquisitions (net) | $0 | -$32.2M | $0 | -$14.0M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$145.9M | -$420.7M | -$533.2M | -$300.5M |
| Net Change in Cash | $570.5M | $1.3B | $3.7B | -$2.2B | $2.0B |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 3:55pm (17h ago)| Metric | 2023 | 2024 |
|---|---|---|
| Revenue |
$51.0M $51.0M – $51.0M
|
$45.6M $45.6M – $45.6M
|
| EBITDA |
$26.2M $26.2M – $26.2M
|
$11.1M $11.1M – $11.1M
|
| Net Income |
-$7.2M -$7.2M – -$7.2M
|
-$5.5M -$5.5M – -$5.5M
|
| EPS | — | — |
Growth Trends (YoY %)
Last updated: Jun 25, 2026 6:05am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -65.1% | -78.1% | +71.3% | -81.1% |
| Gross Profit Growth | -85.7% | -117.4% | +145.6% | -81.1% |
| Operating Income Growth | -135.7% | -0.5% | +6.9% | -16.6% |
| Net Income Growth | -161.4% | +110.8% | +134.4% | +672.5% |
| EBITDA Growth | -121.0% | +170.7% | +49.2% | -230.2% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for HTT — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30