Revenue has collapsed to $3.7 million in 2025Q4, while the company continues to struggle with structural inefficiency, reporting an operating margin of -55.6%.
| Metric | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|
| Net Interest Income | -1.39M | -856K | -7.5M | 23.5M | -747K | 83.66M | 98.55M | 115.41M | 85.85M | 550.2K | 1.83M | 22.1M | 19.49M | 18.95M | 24.62M | 847K | 793K | 677K | 441.52K |
| NII Growth % | -62.84% | 88.59% | -131.92% | 3246.05% | -100.89% | -15.11% | -14.61% | 34.43% | 15503% | -69.99% | -91.7% | 13.38% | 2.84% | -23.01% | 2806.26% | 6.81% | 17.13% | 53.34% | - |
| Net Interest Margin % | -1.65% | -1.21% | -2.65% | 3.92% | -0.12% | 11.81% | 14.85% | 17.98% | 9.88% | 0.07% | 0.2% | 1.37% | 1.16% | 1.15% | 1.65% | 0.08% | 0.28% | 0.31% | 0.41% |
| Interest Income | 0 | 0 | 11.22M | 44.8M | 20.63M | 105.57M | 118.4M | 141.86M | 119.64M | 550.2K | 1.83M | 22.1M | 19.49M | 18.95M | 24.62M | 847K | 793K | 677K | 441.52K |
| Interest Expense | 1.39M | 856K | 18.72M | 21.3M | 21.37M | 21.91M | 19.85M | 26.45M | 33.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 3.23M | 0 | 373.65M | 42.42M | 119.08M | 55.26M | -19.85M | -25.6M | -33.36M | 365.07M | 741.17M | 825.78M | 932.64M | 922.33M | 775.14M | 589.23M | 438.77M | 313.52M | 163.52M |
| Non-Interest Income | 8.6M | 12.31M | 0 | 0 | 387K | -77.17M | -44.54M | -92.92M | -2.87M | 77.61M | 73.08M | 784.69M | 1.3B | 1.36B | 1.16B | 898.4M | 671.28M | 479.03M | 241.86M |
| Non-Interest Income % | 100% | 100% | 0% | 0% | 1.84% | -271.76% | -60.31% | -189.86% | -2.46% | 99.3% | 97.55% | 97.26% | 98.52% | 98.63% | 97.91% | 99.91% | 99.88% | 99.86% | 99.82% |
| Total Revenue | 8.6M | 12.31M | 11.22M | 44.8M | 21.01M | 28.4M | 73.86M | 48.94M | 116.77M | 78.16M | 74.91M | 806.79M | 1.32B | 1.38B | 1.18B | 899.25M | 672.08M | 479.71M | 242.3M |
| Revenue Growth % | -30.19% | 9.78% | -74.96% | 113.18% | -26% | -61.55% | 50.91% | -58.09% | 49.4% | 4.33% | -90.71% | -38.92% | -4.54% | 17.26% | 31.22% | 33.8% | 40.1% | 97.98% | - |
| Non-Interest Expense | 9.69M | 511.83M | 14.65M | 11.43M | 8.63M | 8.56M | 14.98M | 22.16M | 38.03M | -229.25M | -269.45M | -166.16M | 271.48M | 244.62M | 95.42M | 22.11M | 11.64M | 22.74M | 0 |
| Efficiency Ratio | 112.68% | 4156.14% | 130.63% | 25.5% | 41.09% | 30.16% | 20.28% | 45.28% | 32.57% | -293.32% | -359.69% | -20.59% | 20.55% | 17.68% | 8.09% | 2.46% | 1.73% | 4.74% | 0% |
| Operating Income | -5.71M | -500.37M | -395.8M | -30.34M | -128.07M | 20.14M | 58.88M | 26.78M | 76.2M | 58.32M | 60.38M | 63.49M | 116.71M | 216.74M | 309.48M | 287.91M | 221.66M | 143.45M | 0 |
| Operating Margin % | -66.44% | -4063.09% | -3528.28% | -67.74% | -609.46% | 70.91% | 79.72% | 54.72% | 65.26% | 74.62% | 80.6% | 7.87% | 8.84% | 15.66% | 26.23% | 32.02% | 32.98% | 29.9% | 0% |
| Operating Income Growth % | 98.86% | -26.42% | -1204.39% | 76.31% | -736% | -65.8% | 119.87% | -64.86% | 30.66% | -3.41% | -4.9% | -45.6% | -46.15% | -29.97% | 7.49% | 29.89% | 54.52% | - | - |
| Pretax Income | -7.11M | -500.37M | -395.8M | -30.34M | -128.07M | 19.85M | 58.62M | 26.19M | 44.38M | 57.17M | 54.7M | 56.69M | 136.2M | 235.69M | 334.09M | 288.76M | 222.45M | 144.13M | 66.74M |
| Pretax Margin % | -82.65% | -4063.09% | -3528.28% | -67.74% | -609.46% | 69.92% | 79.37% | 53.51% | 38% | 73.15% | 73.01% | 7.03% | 10.31% | 17.03% | 28.31% | 32.11% | 33.1% | 30.04% | 27.55% |
| Income Tax | 711.08K | 1.71M | 0 | 0 | 0 | 0 | 11.72M | 18.03M | 15.55M | 15.22M | 17.84M | 14.7M | 39.03M | 60.24M | 82.39M | 36.41M | 28.11M | 18.11M | 0 |
| Effective Tax Rate % | -10.01% | -0.34% | 0% | 0% | 0% | 0% | 20% | 68.86% | 35.04% | 26.62% | 32.62% | 25.93% | 28.66% | 25.56% | 24.66% | 12.61% | 12.64% | 12.57% | 0% |
| Net Income | -7.82M | -502.08M | -316.64M | -24.27M | -102.46M | 15.88M | 46.89M | 6.52M | 23.06M | 33.56M | 29.48M | -169.36M | 97.17M | 173.67M | 247.62M | 252.35M | 194.34M | 126.02M | 66.74M |
| Net Margin % | -90.93% | -4076.99% | -2822.62% | -54.19% | -487.57% | 55.93% | 63.49% | 13.33% | 19.75% | 42.94% | 39.36% | -20.99% | 7.36% | 12.55% | 20.98% | 28.06% | 28.92% | 26.27% | 27.55% |
| Net Income Growth % | 98.44% | -58.56% | -1204.4% | 76.31% | -745.08% | -66.13% | 618.78% | -71.71% | -31.28% | 13.82% | 117.41% | -274.29% | -44.05% | -29.86% | -1.87% | 29.84% | 54.22% | 88.81% | - |
| Net Income (Continuing) | -7.82M | -502.08M | -395.8M | -30.34M | -128.07M | 19.85M | 58.62M | 8.15M | 28.83M | 41.95M | 36.85M | -169.36M | 97.17M | 175.45M | 251.71M | 252.35M | 194.34M | 126.02M | 66.74M |
| EPS (Diluted) | -6.43 | -19.20 | -72.00 | -11.62 | -48.00 | 7.63 | 22.46 | 3.12 | 45.70 | -729.60 | -1267.20 | -172800.28 | 206.40 | 364.80 | 513.60 | 595.20 | 403.20 | 268.80 | 139.20 |
| EPS Growth % | 66.51% | 73.33% | -519.62% | 75.79% | -729.1% | -66.03% | 619.87% | -93.17% | 106.26% | 42.42% | 99.27% | -83821.07% | -43.42% | -28.97% | -13.71% | 47.62% | 50% | 93.1% | - |
| EPS (Basic) | -6.43 | -19.20 | -72.00 | -11.62 | -48.00 | 7.63 | 22.46 | 3.12 | 45.70 | -729.60 | -1267.20 | -172800.28 | 206.40 | 364.80 | 513.60 | 595.20 | 403.20 | 268.80 | 139.20 |
| Diluted Shares Outstanding | 1.26M | 26.55M | 4.4M | 2.09M | 2.09M | 2.09M | 2.09M | 2.08M | 492.04K | 474.41K | 474.41K | 988 | 474.41K | 478.22K | 483.01K | 423.79K | 483.33K | 483.33K | 483.33K |
Strategic Pivot Execution Failure
As reported in recent financial filings, Eason Technology's revenue has experienced a sharp decline, with the most recent quarterly figure of $3.7 million reflecting the ongoing abandonment of legacy credit operations in favor of unproven digital security and real estate management business lines.
The consistent downward trend in top-line performance suggests that the company is struggling to replace its legacy interest-based income with new revenue streams. This contraction indicates that the business model transition is not yet scaling, leaving the firm with a significantly diminished revenue base compared to historical periods.
Based on the provided income statement data, the company's gross margin has fluctuated wildly, reaching 56.5% in 2025Q4, which highlights the instability inherent in shifting from a financial services model to a project-based hardware and real estate management revenue structure.
The lack of consistency in gross margins suggests that the company has yet to establish a stable cost-of-goods-sold profile for its new digital security products. Investors should monitor whether these margins can stabilize as the product mix shifts, or if they will remain susceptible to the lumpy nature of project-based revenue recognition.
According to the latest quarterly data, Eason Technology reported an operating margin of -55.6%, underscoring a high fixed-cost structure that continues to outpace the company's ability to generate sufficient gross profit to cover its administrative and operational overhead requirements.
The inability to scale operating income relative to gross profit indicates that the company's current cost base is misaligned with its reduced revenue scale. This suggests that without a significant increase in top-line volume, the firm may continue to face substantial operating losses that erode shareholder value.
As evidenced by the reported net margin of -82.7% in 2025Q4, the quality of earnings remains severely compromised by the company's inability to achieve profitability during its transition, leading to consistent net losses that have persisted across multiple reporting periods.
The recurring net losses suggest that the company's bottom line is heavily impacted by non-operating costs and the lack of a sustainable core business model. The volatility in EPS, which reached -1.73 in the most recent quarter, reflects the extreme uncertainty surrounding the company's path to achieving positive net income.
Quick answers to the most common questions about buying DXF stock.
Eason Technology Limited (DXF) reported a net loss of $7.8M for the fiscal year ending 2025.
Eason Technology Limited (DXF) reported an operating income of $-5.7M, resulting in an operating profit margin of -66.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Eason Technology Limited (DXF) generated $4.0M in gross profit for the year, representing a gross profit margin of 46.2%. This demonstrates the company's core pricing power and production efficiency.