Lexin
Offering convenient and innovative loan products to meet credit needs at different stages of life.
Launch date
Employees
Market cap
$284m
Enterprise valuation
$673m (Public information from Sep 2024)
Share price
$1.66 LX
Shenzhen Guangdong (HQ)
Financials
Estimates*
| CNY | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 11.6b | 11.4b | 9.9b | 13.1b | 12.9b | 13.5b | 14.0b |
| % growth | 10 % | (2 %) | (13 %) | 32 % | (1 %) | 4 % | 4 % |
| EBITDA | 1.5b | 3.2b | 396m | 2.1b | 1.6b | 2.0b | - |
| % EBITDA margin | 13 % | 28 % | 4 % | 16 % | 13 % | 15 % | - |
| Profit | 595m | 2.3b | 820m | 1.1b | 953m | 1.3b | 1.8b |
| % profit margin | 5 % | 21 % | 8 % | 8 % | 7 % | 9 % | 13 % |
| EV / revenue | 0.9x | 0.3x | 0.2x | 0.2x | 0.2x | 0.1x | 0.1x |
| EV / EBITDA | 6.7x | 1.1x | 6.1x | 1.0x | 1.2x | 1.0x | - |
| R&D budget | 474m | 549m | 583m | 513m | - | - | - |
| R&D % of revenue | 4 % | 5 % | 6 % | 4 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
N/A | Seed | ||
$10.0m | Series A | ||
| N/A | N/A | Series A | |
$100m | Series B | ||
N/A | Late VC | ||
$235m | Series D | ||
| N/A | $106m Valuation: $2.9b | IPO | |
| Total Funding | $345m | ||
