Qudian Reports GAAP EPADS of $0.39 and Revenue Drop to $1.18M in First Half
Qudian reported a first-half 2026 GAAP earnings per diluted share (EPADS) of $0.39, with revenue declining significantly to $1.18 million from the previous year's level—a drop of 72.7%. The company maintained strong liquidity as of June 30, 2026, holding cash and equivalents totaling RMB3,811.5 million (US$561.7 million) along with restricted cash amounting to RMB2,322.5 million (US$342.3 million). Net cash from operating activities for the period was RMB1,142.6 million ($168.4 million), primarily driven by interest and investment income. The results reflect a challenging market environment or strategic shifts within Qudian's business model. The company emphasized its financial stability despite declining revenue, which may signal ongoing adjustments in response to broader economic conditions or regulatory changes affecting the fintech sector.
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