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OCFT logoOneConnect Financial Technology Co., Ltd.(OCFT)Earnings, Financials & Key Ratios

OCFT•NYSE
$7.89
$308M mkt cap·Price updated Apr 24, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryFinancial services and insurance software
AboutOneConnect Financial Technology Co., Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It offers digital retail banking, digital commercial banking, digital auto insurance and life insurance, and artificial intelligence customer services, as well as sales management, risk management, and operation support services. The company also operates gamma core banking system, a customer centric solution; digitalized management platform that offers digital infrastructure for financial institutions to manage various aspects of their business, including data, smart operation, comprehensive risk, and asset and liability management, as well as accounting, personnel, and office management; Gamma FinCloud, an open PaaS and IaaS platform for ready-to-integrate financial technology components; and Blockchain network-as-a-service. In addition, it operates Regtech, an end-to-end regulatory solution to help regulatory authorities automate and digitalize their operations; and offers asset management and consulting services. The company serves customers in the financial services industry, including banking, insurance, and other financial institutions. It has a strategic agreement with the Hainan Local Financial Supervision Administration to develop smart financial and smart supervision services in the island province of Hainan, as well as the financial sector in Hainan free trade port. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, the People's Republic of China.Show more
  • Revenue$2.25B-38.7%
  • EBITDA-$204M-22.2%
  • Net Income-$460M-26.7%
  • EPS (Diluted)-12.60-27.3%
  • Gross Margin35.79%-2.7%
  • EBITDA Margin-9.07%-99.3%
  • Operating Margin-13.5%-34.5%
  • Net Margin-20.45%-106.7%
  • ROE-16.86%-44.7%
  • ROIC-18.03%-22.9%
  • Debt/Equity0.02-85.6%
  • Interest Coverage-24.44-26.7%
Technical→

OCFT Key Insights

OneConnect Financial Technology Co., Ltd. (OCFT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading near 52-week high
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Negative free cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

OCFT Price & Volume

OneConnect Financial Technology Co., Ltd. (OCFT) stock price & volume — 10-year historical chart

Loading chart...

OCFT Growth Metrics

OneConnect Financial Technology Co., Ltd. (OCFT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-0.69%
3 Years-18.37%
TTM-48.7%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-1937.51%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-177.16%

Return on Capital

10 Years-96.04%
5 Years-20.82%
3 Years-16.07%
Last Year-10.99%

OCFT Recent Earnings

OneConnect Financial Technology Co., Ltd. (OCFT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (50%)●Beat Revenue 1/12 qtrs (25%)
Q4 2025Latest
Nov 20, 2025
EPS
$0.11
Revenue
—
Q3 2025
Aug 21, 2025
EPS
$0.15
Revenue
$60M
Q2 2025
May 28, 2025
EPS
$0.15
Revenue
$51M
Q2 2025
Apr 24, 2025
EPS
$0.07
Revenue
$57M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q4 2025LatestNov 20, 2025
$0.11
—
Q3 2025Aug 21, 2025
$0.15
$60M
Q2 2025May 28, 2025
$0.15
$51M
Q2 2025Apr 24, 2025
$0.07
$57M
Based on last 12 quarters of dataView full earnings history →

OCFT Peer Comparison

OneConnect Financial Technology Co., Ltd. (OCFT) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
TIGR logoTIGRUP Fintech Holding Ltd. Sponsored ADR Class ADirect Competitor676.45M6.9319.2543.68%17.64%0.27
FUTU logoFUTUFutu Holdings LimitedDirect Competitor59.73B168.0033.8635.79%26.38%0.31
OPEN logoOPENOpendoor Technologies Inc.Product Competitor5.19B5.44-3.20-15.18%-29.74%-129.35%0.19
NCNO logoNCNOnCino, Inc.Product Competitor2.07B17.44-52.8513.45%-3.71%-2.07%0.22
FICO logoFICOFair Isaac CorporationProduct Competitor24.74B1067.0040.2015.91%33.67%
MSFT logoMSFTMicrosoft CorporationSupply Chain3.07T413.8730.3414.93%39.34%33.13%0.33
ORCL logoORCLOracle CorporationSupply Chain557.72B193.9944.708.38%25.3%56.31%4.96
IBM logoIBMInternational Business Machines CorporationSupply Chain211.75B225.7420.217.62%15.61%35.44%2.05

Compare OCFT vs Peers

OneConnect Financial Technology Co., Ltd. (OCFT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TIGR

Most directly comparable listed peer for OCFT.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare OCFT against a more recognizable public peer.

Peer Set

Compare Top 5

vs TIGR, FUTU, OPEN, NCNO

OCFT Income Statement

OneConnect Financial Technology Co., Ltd. (OCFT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue581.91M1.41B2.33B3.31B4.13B4.46B3.67B2.25B1.63B
Revenue Growth %-142.9%64.69%42.29%24.76%8.03%-17.84%-38.7%-48.7%
Cost of Goods Sold482.54M1.02B1.56B2.07B2.7B2.83B2.32B1.44B1.15B
COGS % of Revenue82.92%72.51%67.06%62.46%65.23%63.37%63.21%64.21%-
Gross Profit
99.37M▲ 0%
388.63M▲ 291.1%
766.86M▲ 97.3%
1.24B▲ 62.1%
1.44B▲ 15.5%
1.64B▲ 13.8%
1.35B▼ 17.5%
804.5M▼ 40.4%
487.88M▲ 0%
Gross Margin %17.08%27.49%32.94%37.54%34.77%36.63%36.79%35.79%29.87%
Gross Profit Growth %-291.08%97.33%62.15%15.54%13.81%-17.47%-40.38%-
Operating Expenses1.01B1.62B2.42B2.58B2.77B2.58B1.72B1.11B791.6M
OpEx % of Revenue173.83%114.87%104.07%77.87%67.01%57.86%46.83%49.29%-
Selling, General & Admin478.31M963.95M1.39B1.46B1.43B1.24B780.32M482.39M442.88M
SG&A % of Revenue82.2%68.2%59.81%44.21%34.61%27.69%21.28%21.46%-
Research & Development537.23M459.18M956.1M1.17B1.35B1.42B955.2M510.9M228.24M
R&D % of Revenue92.32%32.49%41.07%35.42%32.74%31.76%26.05%22.73%-
Other Operating Expenses-3.98M200.54M74.25M-58.43M-13.92M-70.82M-17.91M114.74M0
Operating Income
-890.3M▲ 0%
-1.11B▼ 25.2%
-1.66B▼ 48.6%
-1.47B▲ 11.2%
-1.4B▲ 4.5%
-981.56M▲ 30.1%
-368.21M▲ 62.5%
-303.53M▲ 17.6%
-303.72M▲ 0%
Operating Margin %-153%-78.84%-71.13%-44.39%-33.99%-21.99%-10.04%-13.5%-18.59%
Operating Income Growth %--25.17%-48.59%11.2%4.46%30.12%62.49%17.57%-
EBITDA-602.75M-760.34M-1.2B-1.38B-965.99M-700.13M-166.87M-203.9M-261.92M
EBITDA Margin %-103.58%-53.79%-51.38%-41.66%-23.38%-15.68%-4.55%-9.07%-16.03%
EBITDA Growth %--26.15%-57.3%-15.38%30%27.52%76.17%-22.19%-82.76%
D&A (Non-Cash Add-back)287.55M354.03M459.86M90.4M438.75M281.43M201.34M99.63M41.81M
EBIT-891.04M-1B-1.59B-1.82B-1.37B-955M-342.18M-180.54M-278.31M
Net Interest Income-75.1M-18.92M-46.57M-73.13M-47.81M-22.46M10.49M55.06M39.07M
Interest Income10.61M188.81M128.26M77.24M28.82M14.71M29.58M67.48M46.29M
Interest Expense85.59M160.65M174.83M150.36M76.64M37.17M19.09M12.42M7.21M
Other Income/Expense-86.33M-49.45M-61.42M-80.93M-37.87M-8.61M157.87M54.2M54.84M
Pretax Income
-976.63M▲ 0%
-1.16B▼ 19.2%
-1.76B▼ 51.4%
-1.55B▲ 12.0%
-1.44B▲ 7.0%
-990.17M▲ 31.4%
-210.34M▲ 78.8%
-249.34M▼ 18.5%
-248.88M▲ 0%
Pretax Margin %-167.83%-82.34%-75.71%-46.83%-34.91%-22.18%-5.74%-11.09%-15.24%
Income Tax-369.68M26.47M-74.92M-137.13M-112.09M-62.15M9.76M455.37M460.08M
Effective Tax Rate %37.85%-2.27%4.25%8.84%7.77%6.28%-4.64%-182.63%-184.86%
Net Income
-606.96M▲ 0%
-1.2B▼ 97.0%
-1.69B▼ 41.1%
-1.35B▲ 19.8%
-1.28B▲ 5.3%
-872.27M▲ 31.9%
-362.71M▲ 58.4%
-459.68M▼ 26.7%
-677.19M▲ 0%
Net Margin %-104.3%-84.59%-72.49%-40.87%-31.02%-19.54%-9.89%-20.45%-41.46%
Net Income Growth %--97%-41.13%19.79%5.31%31.94%58.42%-26.73%-1937.51%
Net Income (Continuing)-606.96M-1.19B-1.69B-1.41B-1.33B-928.03M-220.1M-704.71M-708.96M
Discontinued Operations000000-151.37M209.5M0
Minority Interest0110.6M150.43M89.91M41.1M-14.65M-18.98M-54.51M-61.73M
EPS (Diluted)
-27.00▲ 0%
-38.70▼ 43.3%
-53.10▼ 37.2%
-38.10▲ 28.2%
-34.80▲ 8.7%
-24.00▲ 31.0%
-9.90▲ 58.8%
-12.60▼ 27.3%
-18.64▲ 0%
EPS Growth %--43.33%-37.21%28.25%8.66%31.03%58.75%-27.27%-177.16%
EPS (Basic)-27.00-38.70-53.10-38.10-34.80-24.00-9.90-12.60-
Diluted Shares Outstanding22.37M30.79M31.31M35.49M36.94M36.49M36.32M36.32M36.33M
Basic Shares Outstanding22.37M30.79M31.27M35.49M36.83M36.34M36.32M36.32M36.33M
Dividend Payout Ratio---------

OCFT Balance Sheet

OneConnect Financial Technology Co., Ltd. (OCFT) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets2.06B7.86B7.66B8.94B6.9B6.37B5.36B3.4B3.16B
Cash & Short-Term Investments1.71B3.11B2.77B5.12B3.96B3.83B3.16B2.4B1.47B
Cash Only847.77M565.03M1.08B3.06B1.4B1.91B1.38B1.95B385.03M
Short-Term Investments863.27M2.54B1.69B2.06B2.56B1.92B1.78B455.02M1.08B
Accounts Receivable43.18M627.48M1.16B1.13B1.74B1.06B809.58M902.07M897.28M
Days Sales Outstanding27.09162.03181.77124.61153.3586.9780.57146.46211.16
Inventory309.64M337.21M177.12M39.61M749.15M-690.63M000
Days Inventory Outstanding234.22120.141.426.99101.44----
Other Current Assets238.47M4.25B3.55B2.57B320.47M2.05B1.39B92.3M794.1M
Total Non-Current Assets950.59M1.52B2.27B1.95B2.44B2.51B2.71B569.95M568.45M
Property, Plant & Equipment160.95M319.67M314.5M224.28M244.41M151.4M85.08M43.9M45.21M
Fixed Asset Turnover3.62x4.42x7.40x14.77x16.91x29.48x43.11x51.22x33.68x
Goodwill0126.02M289.16M289.16M289.16M289.16M289.16M157.26M157.26M
Intangible Assets367.08M632.06M687.79M627.9M398.03M281.27M182.21M38.38M25.3M
Long-Term Investments42.25M34.45M512.28M197.56M825.85M1.02B1.37B014.97M
Other Non-Current Assets10.27M63.12M41M42.07M1.54M0780.26M330.42M381.11M
Total Assets
3.02B▲ 0%
9.38B▲ 211.1%
9.93B▲ 5.8%
10.89B▲ 9.6%
9.34B▼ 14.2%
8.88B▼ 4.9%
8.07B▼ 9.2%
3.97B▼ 50.8%
3.73B▲ 0%
Asset Turnover0.19x0.15x0.23x0.30x0.44x0.50x0.45x0.57x0.40x
Asset Growth %-211.14%5.81%9.65%-14.19%-4.91%-9.16%-50.83%-183.58%
Total Current Liabilities2.86B5.12B4.94B5.17B5.16B5.45B5.07B1.44B1.29B
Accounts Payable208.5M316.5M347M920.24M1.1B753.62M246.56M90.69M913.32M
Days Payables Outstanding157.71112.7281.14162.36149.1797.2338.8222.93247.82
Short-Term Debt1.5B3.39B3.22B2.28B815.26M378.39M306.11M19.16M20.66M
Deferred Revenue (Current)10.36M58.38M104.96M01.5B2.1B00350.25M
Other Current Liabilities2.13B667.3M380.85M992.02M1.47B1.66B2.93B551.15M3.89M
Current Ratio0.72x1.53x1.55x1.73x1.34x1.17x1.06x2.36x2.36x
Quick Ratio0.61x1.47x1.51x1.72x1.19x1.30x1.06x2.36x2.36x
Cash Conversion Cycle103.59169.41142.05-30.76105.61----36.66
Total Non-Current Liabilities188.94M429.13M466.86M433.28M343.11M158.01M47.49M23.62M27.38M
Long-Term Debt000000000
Capital Lease Obligations84.82M126.87M87.8M48.12M97.47M44.55M28.28M10.67M10.67M
Deferred Tax Liabilities-84.82M18.48M33.29M20.08M9.86M5.2M2.08M00
Other Non-Current Liabilities104.12M302.26M379.06M347.4M216.36M88.28M19.2M043.13M
Total Liabilities3.05B5.55B5.41B5.6B5.51B5.6B5.12B1.46B1.32B
Total Debt1.54B3.47B3.22B2.42B970.15M469.97M357.33M43.56M20.66M
Net Debt690.37M2.9B2.14B-771.89M-584.11M-1.57B-1.02B-1.9B-364.37M
Debt / Equity-0.91x0.71x0.46x0.25x0.14x0.12x0.02x0.02x
Debt / EBITDA---------0.08x
Net Debt / EBITDA--------1.39x
Interest Coverage-10.40x-6.94x-9.47x-9.78x-18.33x-26.41x-19.29x-24.44x-38.58x
Total Equity
-34.88M▲ 0%
3.83B▲ 11082.4%
4.52B▲ 18.0%
5.29B▲ 16.9%
3.84B▼ 27.4%
3.28B▼ 14.5%
2.95B▼ 10.1%
2.5B▼ 15.1%
2.41B▲ 0%
Equity Growth %-11082.36%18%16.92%-27.44%-14.52%-10.08%-15.06%-51.82%
Book Value per Share-1.56124.43144.38148.92103.8189.8381.1668.9466.28
Total Shareholders' Equity-34.88M3.72B4.37B5.2B3.79B3.29B2.97B2.56B2.47B
Common Stock60K66K73K78K78K78K78K78K78K
Retained Earnings-1.15B-2.34B-4B-5.36B-6.64B-7.51B-7.87B-8.33B-8.41B
Treasury Stock000000000
Accumulated OCI1.2B6.15B8.46B10.64B805.37M1.18B1.21B1.19B11.03B
Minority Interest0110.6M150.43M89.91M41.1M-14.65M-18.98M-54.51M-61.73M

OCFT Cash Flow Statement

OneConnect Financial Technology Co., Ltd. (OCFT) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-228.69M-489.24M-1.82B-704.14M-404.33M-745.98M-648.46M-276.85M-276.85M
Operating CF Margin %-39.3%-34.61%-78.07%-21.26%-9.78%-16.71%-17.68%-12.31%-
Operating CF Growth %--113.93%-271.49%61.26%42.58%-84.5%13.07%57.31%38.1%
Net Income-976.63M-1.16B-1.76B-1.55B-1.44B-990.17M-362.71M-39.84M-677.19M
Depreciation & Amortization287.55M354.03M459.86M421.23M438.75M281.43M201.34M106.9M40.33M
Stock-Based Compensation376K7.75M76.36M89.65M25.41M13.36M14.5M1.16M-4.46M
Deferred Taxes-8.69M188.71M133.69M136.95M88.68M0000
Other Non-Cash Items85.59M56.42M62.62M69.46M51.76M29.32M12.55M-121.32M423.15M
Working Capital Changes383.12M67.67M-787.55M129.81M433.68M-79.92M-514.13M-223.74M0
Change in Receivables-15.82M-218.29M-445.57M-206.37M-123.37M-63.88M185.75M206.32M0
Change in Inventory-142.85M115.76M12.47M-559.93M-934.39M0000
Change in Payables515.59M130.6M-350.27M451.69M530.1M106.95M-817.51M-785.34M0
Cash from Investing-126.84M-5.81B570.84M1.32B388.44M1.87B318.63M1.11B-707.43M
Capital Expenditures-17.99M-459.81M-314.46M-265.18M-128.02M-67.94M-5.98M0-3.54M
CapEx % of Revenue3.09%32.53%13.51%8.01%3.1%1.52%0.16%1.22%-
Acquisitions-40M-165.02M-375.11M-62.04M-11.06M0196.65M00
Investments---------
Other Investing21.57M-3.51B764.11M1.16B1.22B960.21M192.01M1.11B-703.89M
Cash from Financing1.13B6B1.75B1.53B-1.61B-694.07M-213.6M-282.25M-168.02M
Debt Issued (Net)449.57M1.73B-259.31M-1.02B-1.56B-600.16M-98.92M-271.26M0
Equity Issued (Net)1000K001000K0-1000K000
Dividends Paid000000000
Share Repurchases00000-74.99M000
Other Financing244.31M4.27B2.01B-167.39M-51.6M-18.91M-114.68M-10.99M-168.02M
Net Change in Cash
769.61M▲ 0%
-282.74M▼ 136.7%
512.85M▲ 281.4%
1.98B▲ 285.6%
-1.66B▼ 183.7%
508.41M▲ 130.7%
-528.3M▼ 203.9%
568.45M▲ 207.6%
-1.05B▲ 0%
Free Cash Flow
-246.67M▲ 0%
-949.04M▼ 284.7%
-2.13B▼ 124.6%
-969.33M▲ 54.5%
-532.35M▲ 45.1%
-813.93M▼ 52.9%
-685.93M▲ 15.7%
-304.27M▲ 55.6%
-192.19M▲ 0%
FCF Margin %-42.39%-67.14%-91.58%-29.26%-12.88%-18.23%-18.7%-13.53%-11.77%
FCF Growth %--284.74%-124.64%54.53%45.08%-52.89%15.73%55.64%40.55%
FCF per Share-11.03-30.82-68.09-27.31-14.41-22.30-18.89-8.38-8.38
FCF Conversion (FCF/Net Income)0.38x0.41x1.08x0.52x0.32x0.86x1.79x0.60x0.28x
Interest Paid000000000
Taxes Paid000000000

OCFT Key Ratios

OneConnect Financial Technology Co., Ltd. (OCFT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2018201920202021202220232024TTM
Return on Equity (ROE)-63%-40.41%-27.61%-28.11%-24.53%-11.65%-16.86%-28.12%
Return on Invested Capital (ROIC)-22.62%-18.54%-19.5%-26.16%-28.07%-14.67%-18.03%-18.03%
Gross Margin27.49%32.94%37.54%34.77%36.63%36.79%35.79%29.87%
Net Margin-84.59%-72.49%-40.87%-31.02%-19.54%-9.89%-20.45%-41.46%
Debt / Equity0.91x0.71x0.46x0.25x0.14x0.12x0.02x0.02x
Interest Coverage-6.94x-9.47x-9.78x-18.33x-26.41x-19.29x-24.44x-38.58x
FCF Conversion0.41x1.08x0.52x0.32x0.86x1.79x0.60x0.28x
Revenue Growth142.9%64.69%42.29%24.76%8.03%-17.84%-38.7%-48.7%

OCFT Frequently Asked Questions

OneConnect Financial Technology Co., Ltd. (OCFT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

OneConnect Financial Technology Co., Ltd. (OCFT) reported $1.63B in revenue for fiscal year 2024. This represents a 181% increase from $581.9M in 2017.

OneConnect Financial Technology Co., Ltd. (OCFT) saw revenue decline by 38.7% over the past year.

OneConnect Financial Technology Co., Ltd. (OCFT) reported a net loss of $677.2M for fiscal year 2024.

Dividend & Returns

OneConnect Financial Technology Co., Ltd. (OCFT) has a return on equity (ROE) of -16.9%. Negative ROE indicates the company is unprofitable.

OneConnect Financial Technology Co., Ltd. (OCFT) had negative free cash flow of $192.2M in fiscal year 2024, likely due to heavy capital investments.

Explore More OCFT

OneConnect Financial Technology Co., Ltd. (OCFT) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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