Qudian Inc. discloses Q4 and full-year 2024 financials

Qudian Inc . (NYSE:QD), a leading provider of online finance services trading at $2.95, disclosed its unaudited financial results for the fourth quarter and full year ended December 31, 2024, today. The stock has shown remarkable momentum, gaining over 61% in the past six months. The report, filed with the U.S. Securities and Exchange Commission, indicates the company’s financial performance during the specified period. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates.

The financial results reveal the company’s performance metrics, including revenue of $32.49 million and diluted earnings per share of $0.03 for the last twelve months. The company maintains strong liquidity with a current ratio of 9.78, indicating robust financial health. Investors and analysts typically look to these results to assess the company’s profitability, operational efficiency, and market position relative to the previous year and to competitors.

Qudian Inc., headquartered in Xiamen, Fujian Province, China, operates under the organization name 02 Finance and is incorporated under the laws of E9. It is registered with the IRS but does not have an assigned IRS number. The company’s fiscal year ends on December 31.

The report was signed by Yan Gao, Vice President of Finance at Qudian Inc., confirming the company’s compliance with the Securities Exchange Act of 1934 requirements. The financial results are part of the company’s regular reporting obligations as a foreign private issuer listed on the New York Stock Exchange.

The release of Qudian Inc.’s financial results provides investors with the latest data to inform their investment decisions. With the next earnings report due in 4 days, InvestingPro subscribers can access additional insights, including 12 exclusive ProTips and comprehensive financial metrics to better evaluate the company’s prospects. As a matter of transparency, this article is based on the company’s press release statement. Further details and analysis of the company’s financial performance can be obtained from the full report filed with the SEC.

In other recent news, Qudian Inc. announced the appointment of a new auditor in a regulatory filing with the Securities and Exchange Commission. The filing, submitted on January 31, 2025, is part of the company’s ongoing corporate governance efforts. While the name of the new auditor has not been disclosed, this move is a routine process for public companies to ensure compliance with regulatory standards and investor expectations. The company’s leadership, including Chairman and CEO Min Luo, is actively overseeing this transition. This change is in compliance with the Securities Exchange Act of 1934, which mandates foreign private issuers like Qudian to report such changes. The decision to appoint a new auditor highlights the company’s commitment to maintaining robust financial oversight. Investors and stakeholders are expected to closely monitor the impact of this change on Qudian’s financial reporting. This development provides the latest insight into Qudian’s efforts to uphold strong financial governance.

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