Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of 9F.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $412.45M | $561.67M | $761.45M | $1.26B | $4.42B | $5.56B | $6.74B | $2.26B |
| Cost of Revenue | $115.18M | $115.44M | $106.18M | $545.77M | $1.14B | $444.83M | $502.05M | $168.02M |
| Gross Profit | $297.27M | $446.23M | $655.27M | $710.23M | $3.29B | $5.11B | $6.24B | $2.09B |
| Gross Profit Ratio | 72.10% | 79.45% | 86.10% | 56.55% | 74.29% | 91.99% | 92.55% | 92.57% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $270.29M | $374.88M | $522.82M | $1.30B | $1.16B | $1.09B | $3.02B | $490.12M |
| Selling and Marketing Expenses | $27.80M | $62.24M | $165.48M | $340.77M | $2.34B | $1.75B | $2.24B | $1.17B |
| Selling General and Administrative Expenses | $490.85M | $596.50M | $710.72M | $1.99B | $5.65B | $2.90B | $5.32B | $1.70B |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $490.85M | $1.08B | $909.72M | $2.53B | $5.84B | $2.94B | $5.24B | $1.67B |
| Cost and Expenses | $606.03M | $1.19B | $1.02B | $3.07B | $6.98B | $3.39B | $5.74B | $1.84B |
| Interest Income | $97.67M | $49.82M | $47.51M | $102.42M | $225.75M | $208.35M | $73.64M | $13.42M |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $17.59M | $21.00M | $31.54M | $24.22M | $37.47M | $18.76M | $11.89M | $9.36M |
| EBITDA | $-175.99M | $-129.28M | $-23.91M | $-1.26B | $-2.32B | $2.23B | $932.44M | $405.93M |
| EBITDA Ratio | -42.67% | -23.02% | -3.14% | -100.16% | -52.49% | 40.08% | 13.83% | 17.96% |
| Operating Income | $-193.58M | $-150.28M | $-55.45M | $-1.28B | $-2.36B | $2.21B | $920.55M | $396.57M |
| Operating Income Ratio | -46.93% | -26.76% | -7.28% | -102.08% | -53.34% | 39.74% | 13.65% | 17.54% |
| Total Other Income Expenses Net | $60.97M | $-433.03M | $-151.48M | $-430.71M | $32.06M | $169.42M | $155.63M | $36.19M |
| Income Before Tax | $-132.60M | $-583.31M | $-206.94M | $-1.71B | $-2.33B | $2.38B | $1.08B | $432.76M |
| Income Before Tax Ratio | -32.15% | -103.85% | -27.18% | -136.38% | -52.62% | 42.79% | 15.96% | 19.14% |
| Income Tax Expense | $7.75M | $11.62M | $26.73M | $538.32M | $174.60M | $402.40M | $352.43M | $271.13M |
| Net Income | $-140.19M | $-594.74M | $-234.91M | $-2.26B | $-2.17B | $1.72B | $401.31M | $142.31M |
| Net Income Ratio | -33.99% | -105.89% | -30.85% | -179.85% | -49.05% | 30.95% | 5.95% | 6.30% |
| EPS | $-0.60 | $-2.55 | $-1.10 | $-11.37 | $-12.43 | $10.57 | $3.23 | $1.15 |
| EPS Diluted | $-0.60 | $-2.55 | $-1.10 | $-11.37 | $-12.43 | $9.41 | $2.93 | $1.07 |
| Weighted Average Shares Outstanding | 235.47M | 233.22M | 213.64M | 198.60M | 174.55M | 193.86M | 193.86M | 193.86M |
| Weighted Average Shares Outstanding Diluted | 235.47M | 233.22M | 213.64M | 198.60M | 174.55M | 193.86M | 193.86M | 193.86M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.69B | $2.43B | $2.44B | $2.73B | $4.68B | $5.47B | $3.78B | $1.24B |
| Short Term Investments | $774.60M | $433.11M | $253.11M | $133.76M | $24.00M | $833.48M | $700.00M | $88.37M |
| Cash and Short Term Investments | $2.46B | $2.87B | $2.70B | $2.86B | $4.71B | $6.30B | $4.48B | $1.24B |
| Net Receivables | $38.04M | $354.63M | $83.82M | $51.24M | $355.82M | $199.06M | $538.04M | $374.69M |
| Inventory | $1.20M | $419.92M | $1.03B | $1.15B | $1.21B | $486.19M | $489.58M | $245.35M |
| Other Current Assets | $360.01M | $421.46M | $1.05B | $1.18B | $1.26B | $543.09M | $524.99M | $285.65M |
| Total Current Assets | $2.86B | $3.64B | $4.20B | $4.49B | $7.22B | $7.93B | $5.54B | $1.90B |
| Property Plant Equipment Net | $79.95M | $78.05M | $62.07M | $92.06M | $232.17M | $86.27M | $54.67M | $20.07M |
| Goodwill | $- | $24.73M | $22.12M | $22.12M | $72.22M | $13.38M | $13.06M | $10.63M |
| Intangible Assets | $29.50M | $35.13M | $37.28M | $44.41M | $73.48M | $44.73M | $46.05M | $17.85M |
| Goodwill and Intangible Assets | $29.50M | $59.87M | $59.40M | $66.53M | $145.70M | $58.12M | $59.12M | $28.48M |
| Long Term Investments | $1.07B | $530.21M | $727.43M | $738.27M | $775.64M | $954.16M | $509.74M | $152.03M |
| Tax Assets | $- | $668.12M | $- | $- | $503.99M | $84.34M | $111.11M | $54.25M |
| Other Non-Current Assets | $2.15M | $-668.12M | $-848.90M | $-896.87M | $- | $- | $- | $- |
| Total Non-Current Assets | $1.18B | $668.12M | $848.90M | $896.87M | $1.66B | $1.18B | $734.63M | $254.83M |
| Other Assets | $- | $-1.00K | $- | $- | $- | $- | $- | $- |
| Total Assets | $4.04B | $4.31B | $5.05B | $5.39B | $8.88B | $9.11B | $6.28B | $2.15B |
| Account Payables | $42.95M | $153.70M | $273.77M | $405.72M | $125.44M | $47.50M | $20.02M | $32.06M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $298.01M | $305.16M | $295.20M | $271.74M | $320.35M | $339.75M | $520.72M | $397.83M |
| Deferred Revenue | $5.33M | $8.96M | $46.97M | $82.64M | $788.91M | $346.85M | $384.07M | $94.18M |
| Other Current Liabilities | $99.67M | $102.27M | $-287.67M | $-422.21M | $359.54M | $727.52M | $816.61M | $412.70M |
| Total Current Liabilities | $445.96M | $584.19M | $834.03M | $1.12B | $2.41B | $1.46B | $1.74B | $936.76M |
| Long Term Debt | $14.72M | $8.32M | $17.91M | $29.50M | $125.41M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $-16.08M | $-786.51M | $82.64M | $788.91M | $346.85M | $384.07M | $94.18M |
| Deferred Tax Liabilities Non-Current | $6.05M | $7.13M | $7.73M | $9.28M | $17.21M | $9.00M | $9.31M | $2.94M |
| Other Non-Current Liabilities | $- | $21.22M | $505.76M | $786.51M | $832.90M | $1.38B | $820.41M | $215.32M |
| Total Non-Current Liabilities | $20.77M | $15.44M | $25.64M | $38.78M | $142.62M | $1.39B | $829.72M | $218.26M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $466.73M | $599.63M | $859.66M | $1.16B | $2.55B | $2.85B | $2.57B | $1.16B |
| Preferred Stock | $- | $- | $- | $- | $- | $1.38B | $820.41M | $215.32M |
| Common Stock | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $- | $- | $- |
| Retained Earnings | $-2.83B | $-2.69B | $-2.06B | $-1.82B | $488.24M | $2.67B | $987.71M | $640.17M |
| Accumulated Other Comprehensive Income Loss | $630.50M | $556.48M | $411.36M | $459.40M | $551.25M | $526.47M | $162.17M | $95.31M |
| Other Total Stockholders Equity | $5.71B | $5.79B | $5.78B | $5.53B | $5.70B | $4.88B | $3.52B | $532.90M |
| Total Stockholders Equity | $3.52B | $3.66B | $4.13B | $4.17B | $6.28B | $6.24B | $3.69B | $986.66M |
| Total Equity | $3.57B | $3.71B | $4.19B | $4.22B | $6.33B | $6.25B | $3.70B | $998.63M |
| Total Liabilities and Stockholders Equity | $4.04B | $4.31B | $5.05B | $5.39B | $8.88B | $9.11B | $6.28B | $2.15B |
| Minority Interest | $54.62M | $54.78M | $55.75M | $54.74M | $47.05M | $10.45M | $16.20M | $11.98M |
| Total Liabilities and Total Equity | $4.04B | $4.31B | $5.05B | $5.39B | $8.88B | $9.11B | $6.28B | $2.15B |
| Total Investments | $1.84B | $963.32M | $980.53M | $872.03M | $799.64M | $1.79B | $1.21B | $152.03M |
| Total Debt | $14.72M | $8.32M | $17.91M | $29.50M | $125.41M | $1.00M | $1.00M | $1.00M |
| Net Debt | $-1.67B | $-2.42B | $-2.43B | $-2.70B | $-4.56B | $-5.47B | $-3.78B | $-1.24B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $-140.35M | $-594.74M | $-234.91M | $-2.26B | $-2.16B | $1.98B | $597.70M | $156.04M |
| Depreciation and Amortization | $17.59M | $21.00M | $31.54M | $24.22M | $37.47M | $18.76M | $11.89M | $9.36M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $-72.13M | $5.46M | $52.34M | $290.63M | $353.15M | $508.16M | $2.18B | $110.43M |
| Change in Working Capital | $29.75M | $13.30M | $-296.21M | $-466.65M | $-1.09B | $-59.72M | $-395.80M | $-159.14M |
| Accounts Receivables | $52.79M | $-8.99M | $-32.98M | $-100.25M | $-1.57B | $109.98M | $-219.67M | $-2.45M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-23.03M | $22.29M | $-263.23M | $-366.40M | $474.92M | $-169.71M | $-176.13M | $-156.69M |
| Other Non Cash Items | $227.64M | $618.30M | $217.52M | $666.10M | $2.43B | $-103.11M | $471.29M | $297.29M |
| Net Cash Provided by Operating Activities | $62.50M | $63.32M | $-229.72M | $-1.74B | $-429.05M | $2.35B | $2.87B | $413.97M |
| Investments in Property Plant and Equipment | $-5.74M | $-44.81M | $-7.74M | $- | $-56.69M | $-48.58M | $-47.69M | $-20.09M |
| Acquisitions Net | $-14.00K | $-2.90M | $-10.83M | $- | $-58.30M | $- | $-30.28M | $-20.80M |
| Purchases of Investments | $-1.12B | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $227.43M | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-53.88M | $-230.06M | $-302.95M | $39.47M | $-592.62M | $-1.19B | $-933.71M | $-182.02M |
| Net Cash Used for Investing Activities | $-949.02M | $-277.77M | $-321.52M | $39.47M | $-707.61M | $-1.24B | $-1.01B | $-222.91M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $199.20M | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $- | $433.00K | $12.90M | $8.91M | $545.89M | $563.36M | $701.00K |
| Net Cash Used Provided by Financing Activities | $- | $- | $199.63M | $12.90M | $471.98M | $545.89M | $563.36M | $701.00K |
| Effect of Forex Changes on Cash | $74.53M | $107.12M | $-26.68M | $212.00K | $5.04M | $35.33M | $-23.10M | $12.74M |
| Net Change in Cash | $-811.99M | $-107.32M | $-378.08M | $-1.69B | $-659.64M | $1.69B | $2.39B | $1.38B |
| Cash at End of Period | $1.82B | $2.63B | $2.74B | $3.12B | $4.81B | $5.47B | $3.78B | $1.38B |
| Cash at Beginning of Period | $2.63B | $2.74B | $3.12B | $4.81B | $5.47B | $3.78B | $1.38B | $- |
| Operating Cash Flow | $62.50M | $63.32M | $-229.72M | $-1.74B | $-429.05M | $2.35B | $2.87B | $413.97M |
| Capital Expenditure | $-5.74M | $-44.81M | $-7.74M | $- | $-56.69M | $-48.58M | $-47.69M | $-20.09M |
| Free Cash Flow | $56.76M | $18.51M | $-237.46M | $-1.74B | $-485.74M | $2.30B | $2.82B | $393.89M |