olivLaw · US equity research
9F Inc. JFU
Finance Services · SIC 6199 · Vertical: Finance Services (SIC 6199)
At the close of 02 Nov 2026, 9F Inc. (JFU) stock was 2.40 USD (+4.71% on the day), with market capitalisation 555.2 m USD, P/E 24.0 on diluted EPS of 0.10 USD over the last 12 months, beta 0.52, 52-week range 2.00–8.44 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 41.2
- weak (30–45)
- Bollinger (20, 2)
- 2.35 – 2.86
- in the lower half of the band · %B 0.09 · band width 19.6%
- SMA 50 / 200
- 2.67 / 3.32
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.06 / -0.03
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −9.8% | −2.3% | −7.4 pp | — |
| 3 months | +1.9% | −0.8% | +2.7 pp | — |
| 6 months | −24.1% | +4.7% | −28.8 pp | — |
| Year to date | −62.4% | +10.2% | −72.6 pp | — |
| 1 year | −50.4% | +10.3% | −60.7 pp | −49.3% |
| 3 years | −17.8% | +73.0% | −90.8 pp | −68.6% |
| 5 years | −92.0% | +61.8% | −153.8 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 2-quarter history (min 50.3, median 57.1, max 63.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | unavailable | 635.6 m | 192.5 m | 119.5 m | 81.4 m | 58.1 m | 17.1 m | 19.2 m |
| Revenue YoY | unavailable | unavailable | −69.7% | −37.9% | −31.8% | −28.7% | −70.5% | +12.2% |
| Net income | unavailable | -310.2 m | -346.2 m | -36.9 m | -86.2 m | -19.8 m | 6.8 m | 24.1 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | +251.2% |
| Diluted EPS | unavailable | -1.79 | -1.74 | -0.17 | -0.37 | -0.08 | 0.03 | 0.10 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | +233.3% |
| net % | unavailable | -48.8% | -179.8% | -30.8% | -105.9% | -34.0% | 40.0% | 125.2% |
| Free cash flow | unavailable | -69.8 m | unavailable | -37.3 m | 2.7 m | 8.0 m | 6.2 m | 29.3 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 62.1 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 539.3 m USD
- Total assets
- 614.6 m USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 4.6%
- ROA
- 4.1%
- FCF margin
- 152.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 192.5 m | 119.5 m | 81.4 m | 58.1 m | 17.1 m | 19.2 m | SEC (XBRL)· 30 Apr 2026verified |
| Cost of revenue | — | — | 6.7 m | 8.7 m | 4.1 m | 3.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Gross profit | — | — | 15.7 m | 11.4 m | 13.0 m | 15.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Operating income | — | — | -21.8 m | -27.3 m | -6.2 m | 1.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Pre-tax income | -259.2 m | -31.6 m | -87.4 m | -21.4 m | 3.7 m | 32.5 m | SEC (XBRL)· 30 Apr 2026verified |
| Income tax | 82.5 m | 4.2 m | 1.7 m | 1.1 m | 1.9 m | 8.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Net income | -346.2 m | -36.9 m | -86.2 m | -19.8 m | 6.8 m | 24.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Diluted EPS | -1.74 | -0.17 | -0.37 | -0.08 | 0.03 | 0.10 | SEC (XBRL)· 30 Apr 2026verified |
| Weighted average diluted shares | 198.6 m | 213.6 m | 233.2 m | 235.5 m | 235.9 m | 235.9 m | SEC (XBRL)· 30 Apr 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 417.9 m | 383.4 m | 370.7 m | 231.0 m | 54.2 m | 62.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Receivables | 6.3 m | 13.2 m | 13.4 m | — | — | — | SEC (XBRL)· 16 May 2023verified |
| Inventories | 2.4 m | 1.3 m | 2.7 m | 2.0 m | 998.0 k | 1.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Property, plant & equipment, net | 9.7 m | 6.8 m | 10.1 m | 8.7 m | 7.3 m | 6.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Goodwill | 3.4 m | 3.5 m | 3.6 m | — | — | — | SEC (XBRL)· 16 May 2023verified |
| Intangibles (excl. goodwill) | 6.8 m | 5.9 m | 5.1 m | 4.2 m | 634.0 k | 474.0 k | SEC (XBRL)· 30 Apr 2026verified |
| Total assets | 825.5 m | 792.4 m | 625.0 m | 568.9 m | 564.9 m | 614.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Total liabilities | 178.3 m | 134.9 m | 86.9 m | 65.7 m | 63.9 m | 75.4 m | SEC (XBRL)· 30 Apr 2026verified |
| Equity | 647.3 m | 657.5 m | 538.0 m | 503.2 m | 500.9 m | 539.3 m | SEC (XBRL)· 30 Apr 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -267.4 m | -36.0 m | 9.2 m | 8.8 m | 6.4 m | 29.7 m | SEC (XBRL)· 30 Apr 2026verified |
| Capex | — | 1.2 m | 6.5 m | 809.0 k | 156.0 k | 381.0 k | SEC (XBRL)· 30 Apr 2026verified |
| Free cash flow | — | -37.3 m ≈ | 2.7 m ≈ | 8.0 m ≈ | 6.2 m ≈ | 29.3 m ≈ | SEC (XBRL)· 30 Apr 2026derived |
| Investing cash flow | 6.0 m | -50.5 m | -40.3 m | -133.7 m | -177.0 m | -10.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Financing cash flow | 2.0 m | 31.3 m | — | — | — | 795.0 k | SEC (XBRL)· 30 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 39.6% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 555.2 m USD
Key indicators
Coverage and freshness
Score by group
40% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.44 – 2.78 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E0.44 – 2.78 (Mid 1.84)7 companies used · median multiple 18.4x · quartiles 4.4x – 27.8xAXP, DAVE, HTT, PURR, QFIN, SII, SOFI
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 39.6% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 125.2% | 88 (vs peers) | 16% |
| FCF conversion · Quality | 121.9% | 100 (on a fixed band) | 16% |
| Revenue CAGR 3Y · Growth | -38.2% | 0 (on a fixed band) | 21% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 24.0x | 38 (vs peers) | 26% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 5.3% | 66 (on a fixed band) | 21% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality94/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation50/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
9F Inc. (JFU). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 19.2 m USD in 2025; YoY growth 12.2%; net margin 125.2%; ROE 4.7%.
The estimated value range is 0.44–2.78 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 1.84 USD, the price of 2.40 USD leaves a potential of -23.2% (value / price − 1) and a margin of safety of -30.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 39.6% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 125.2%
- FCF conversion: 121.9%
What contradicts it
- Revenue CAGR 3Y: -38.2%
Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Finance Services (SIC 6199) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AXPAmerican Express Co | 219.9 bn | 18.4 | 35.9% | 27.9% | +6.4% | −10% / +92% |
| COINCoinbase Global, Inc. | 36.5 bn | — | -4.7% | -12.5% | +9.4% | −49% / +11% |
| SOFISoFi Technologies, Inc. | 21.4 bn | 34.7 | 7.1% | 104.3% | +23.1% | −44% / +128% |
| KLARKlarna Group plc | 5.1 bn | — | -11.9% | -7.8% | +24.8% | −57% / unavailable |
| RIOTRiot Platforms, Inc. | 4.4 bn | — | -48.2% | -196.3% | +71.9% | −27% / −6% |
| CORZCore Scientific, Inc. | 4.0 bn | — | — | -324.9% | −37.5% | −26% / unavailable |
| SIISprott Inc. | 2.6 bn | 39.2 | 19.5% | 23.6% | +59.6% | +12% / +214% |
| MARAMara Holdings, Inc. | 2.5 bn | — | -107.2% | -430.2% | +38.2% | −46% / −46% |
| PURRHyperliquid Strategies Inc | 1.9 bn | 3.0 | 32.6% | 3,229.8% | unavailable | unavailable / unavailable |
| QFINQfin Holdings, Inc. | 1.3 bn | 1.7 | 25.3% | 31.1% | +16.8% | −73% / −66% |
| CANCanaan Inc. | 899.8 m | — | -59.8% | -39.7% | +96.7% | −81% / −87% |
| BURBurford Capital Limited | 823.4 m | — | -101.5% | — | −24.3% | −61% / −73% |
| TRONTron Inc. | 621.4 m | 90.5 | 3.8% | 135.6% | +10.0% | −29% / −52% |
| HTTHigh Templar Tech Ltd | 589.8 m | 5.8 | 6.3% | 1,729.9% | −80.2% | −63% / +15% |
| JFU9F Inc. | 555.2 m | 24.0 | 4.7% | 125.2% | +12.2% | −50% / −18% |
| HIVEHive Digital Technologies Ltd. | 469.0 m | — | -66.4% | -98.5% | +158.3% | −49% / −44% |
| BNCBNB Standard Corporation | 193.1 m | — | — | — | −59.4% | −35% / −27% |
| CNTNCanton Strategic Holdings, Inc. | 162.5 m | — | -43.1% | — | unavailable | −22% / −84% |
| USBCUsbc, Inc. | 161.8 m | — | -414.1% | — | −100.0% | −49% / −98% |
| SLNHSoluna Holdings, Inc. | 142.7 m | — | -114.6% | -185.9% | −21.8% | −66% / −81% |
| HSDTSolana Company | 121.8 m | — | -183.2% | -1,302.8% | +1,057.1% | −51% / −100% |
| GHIGreystone Housing Impact Investors LP | 111.7 m | — | — | -5.1% | −6.4% | −33% / −72% |
| MGLDThe Marygold Companies, Inc. | 84.1 m | — | -20.7% | -17.3% | +8.0% | +93% / +91% |
| SDEVStablecoin Development Corporation | 67.3 m | — | -80.3% | -751.9% | −6.4% | −83% / −98% |
| HYPDHyperion Defi, Inc. | 46.2 m | — | 9.6% | 474.9% | +1,318.8% | −34% / −97% |
1- and 3-year price returns: for JFU from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 1.33 Total return -44% · Per year -44% | 2.37 Total return -1% · Per year -1% | 3.59 Total return 49% · Per year 49% |
| 3 years | 1.06 Total return -56% · Per year -24% | 2.14 Total return -11% · Per year -4% | 3.59 Total return 49% · Per year 14% |
| 5 years | 0.84 Total return -65% · Per year -19% | 1.93 Total return -20% · Per year -4% | 3.59 Total return 49% · Per year 8% |
- Exit P/E± 0.53
- Net margin± 0.37
- Annual revenue growth± 0.34
- Annual dilution± 0.03
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)23 Oct 2026
- Current report (foreign issuer)01 Jun 2026
- Current report (foreign issuer)01 Jun 2026
- Annual report (foreign issuer)30 Apr 2026
- Current report (foreign issuer)03 Oct 2025
- Current report (foreign issuer)18 Sept 2025
- Annual report (foreign issuer)08 Aug 2025
- Current report (foreign issuer)30 May 2025
- Current report (foreign issuer)27 Sept 2024
- Annual report (foreign issuer)15 May 2024
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.