Pomerantz Law Firm Investigates Qfin Holdings for Potential Securities Fraud
The law firm of Pomerantz LLP is investigating potential securities fraud or other unlawful business practices by Qfin Holdings, Inc. (NASDAQ: QFIN) and certain officers or directors on behalf of investors. The investigation follows the company's August 25, 2026 earnings report that revealed a significant drop in revenue and net income due to an unexpected tax expense. Qfin reported total net revenue fell by 31.6% year-over-year to RMB 3.57 billion, missing consensus estimates. Net income dropped 76.8%, heavily impacted by the RMB 500 million tax charge. The company also issued weak forward guidance for Q3 non-GAAP net income due to rising funding costs and liquidity issues in China's consumer credit market. On this news, Qfin’s American Depositary Receipt (ADR) price fell $2.18 per ADR or 18.91% on August 26, 2026.
Tickers: $QFIN