Capital adequacy is under pressure as total equity declined to $9.3 billion in 2025Q4 from $10.3 billion in 2025Q3, reflecting the direct impact of recent operational losses.
Yiren Digital Ltd. (YRD) balance sheet — 13-year assets, liabilities & shareholders' equity history
| Metric | TTM | 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 |
|---|
| Cash & Short Term Investments | 11.37B | 3.35B | 4.27B | 6.31B | 5.24B | 3.04B | 2.65B | 3.66B | 3.44B | 2.82B | 2.13B | 846.12M | 1.38M | 0 |
| Cash & Due from Banks | 1.7B | 3.35B | 3.84B | 5.79B | 4.27B | 2.86B | 2.47B | 3.2B | 2.61B | 1.86B | 968.23M | 846.12M | 1.38M | 0 |
| Short Term Investments | 0 | 4.47M | 430.62M | 514.14M | 972.74M | 177.36M | 175.51M | 460.99M | 835.57M | 963.25M | 1.16B | 0 | 0 | 0 |
| Total Investments | 274.97M | 495.23M | 446.44M | 524.56M | 975.44M | 179.56M | 178.8M | 467.62M | 1.38B | 973.2M | 1.26B | 30M | 0 | 0 |
| Investments Growth % | 31.17% | 10.93% | -14.89% | -46.22% | 443.24% | 0.42% | -61.76% | -66.18% | 42.09% | -22.57% | 4089.72% | - | - | - |
| Long-Term Investments | 1.8B | 490.75M | 15.83M | 10.42M | 2.7M | 2.2M | 3.29M | 6.63M | 547.23M | 9.94M | 98.92M | 30M | 0 | 0 |
| Accounts Receivables | 900.12M | 826.14M | 566.54M | 499.03M | 221M | 305.02M | 122.74M | 3.4M | -493.92M | 21.37M | 28.58M | 82.99M | 161.1M | 18.65M |
| Goodwill & Intangibles | 0 | 16.85M | 38.56M | 37.77M | 33.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 4.78M | 4.78M | 4.78M | 4.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 12.07M | 33.78M | 32.99M | 28.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 111.78M | 75.66M | 84.59M | 69.55M | 82.67M | 183.3M | 252.87M | 529.99M | 266M | 82.25M | 35.5M | 16.18M | 3.42M | 987.82K |
| Other Assets | 2.44B | 409.37M | 1.03B | 993.44M | 655.15M | 1.13B | 839.71M | 2.59B | 4.21B | 27.18M | 15.36M | 6.93M | 6.42M | 0 |
| Total Current Assets | 6.41B | 12.14B | 11.74B | 9.09B | 7.68B | 6.42B | 5.59B | 6.48B | 9.04B | 6.6B | 4.2B | 1.96B | 392.28M | 28.91M |
| Total Non-Current Assets | 3.17B | 1.32B | 1.24B | 1.18B | 857.99M | 1.32B | 1.11B | 3.17B | 5.21B | 920.47M | 586.18M | 228.97M | 9.84M | 987.82K |
| Total Assets | 9.58B | 13.45B | 12.98B | 10.28B | 8.54B | 7.74B | 6.7B | 9.64B | 14.25B | 7.52B | 4.78B | 2.19B | 402.12M | 29.9M |
| Asset Growth % | -11.84% | 3.64% | 26.33% | 20.39% | 10.29% | 15.48% | -30.51% | -32.33% | 89.55% | 57.18% | 118.42% | 444.62% | 1245.08% | - |
| Return on Assets (ROA) | -11.71% | 0.3% | 13.61% | 22.11% | 14.68% | 14.31% | -8.48% | 9.67% | 14.51% | -3.06% | 32.02% | 21.24% | -12.83% | -169.11% |
| Accounts Payable | 61.29M | 79.63M | 43.17M | 30.9M | 14.14M | 19.07M | 9.9M | 43.58M | 307.05M | 33.84M | 13.69M | 4.5M | 0 | 0 |
| Total Debt | 33.25M | 48.85M | 40.77M | 23.65M | 803.13M | 1.1B | 582.35M | 300.92M | 192.42M | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -1.66B | -3.3B | -3.8B | -5.77B | -3.47B | -1.76B | -1.89B | -2.9B | -2.41B | -1.86B | -968.23M | -846.12M | -1.38M | 0 |
| Long-Term Debt | 0 | 9.09M | 0 | 0 | 767.9M | 1.03B | 500.5M | 18.59M | 192.42M | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 2.08B | 2.33B | 1.26B | 620.68M | 118.7M | 151.79M | 148.84M | 1.55B | 1.71B | 2.61B | 1.31B | 428.85M | 0 | 0 |
| Total Current Liabilities | 567.95M | 1.78B | 2.09B | 1.44B | 1.5B | 1.55B | 2.15B | 2.72B | 11.66B | 1.71B | 1.17B | 666.73M | 178.73M | 10.76M |
| Total Non-Current Liabilities | 2.15B | 2.4B | 1.35B | 747.42M | 1B | 1.37B | 769.93M | 2.43B | 2.95B | 2.84B | 1.47B | 546.33M | 0 | 0 |
| Total Liabilities | 2.72B | 4.18B | 3.44B | 2.19B | 2.51B | 2.92B | 2.92B | 5.15B | 14.62B | 4.55B | 2.64B | 1.21B | 178.73M | 10.76M |
| Total Equity | 6.86B | 9.27B | 9.54B | 8.09B | 6.03B | 4.82B | 3.78B | 4.49B | -363.41M | 2.97B | 2.14B | 976.94M | 223.39M | 19.14M |
| Equity Growth % | -32.68% | -2.83% | 18.02% | 34.07% | 25.08% | 27.63% | -15.87% | 1335.53% | -112.24% | 38.79% | 119.04% | 337.33% | 1067.22% | - |
| Equity / Assets (Capital Ratio) | 71.63% | 68.91% | 73.5% | 78.68% | 70.65% | 62.3% | 56.36% | 46.56% | -2.55% | 39.5% | 44.74% | 44.61% | 55.55% | 64.02% |
| Return on Equity (ROE) | -16.93% | 0.42% | 17.95% | 29.47% | 22.02% | 24.03% | -16.76% | 56.01% | 121.21% | -7.36% | 71.64% | 45.88% | -22.85% | -264.15% |
| Book Value per Share | 78.44 | 106.16 | 109.24 | 90.50 | 70.71 | 56.53 | 41.90 | 48.14 | -3.90 | 48.05 | 35.98 | 19.41 | 3.82 | 0.33 |
| Tangible BV per Share | 78.44 | 105.96 | 108.79 | 90.08 | 70.32 | 56.53 | 41.90 | 48.14 | -3.90 | 48.05 | 35.98 | 19.41 | 3.82 | 0.33 |
| Common Stock | 133K | 133K | 132K | 130K | 129K | 123K | 121K | 121K | 77K | 76K | 75K | 73K | 0 | 0 |
| Additional Paid-in Capital | 5.25B | 5.24B | 5.2B | 5.17B | 5.16B | 5.1B | 5.06B | 5.04B | 1.29B | 1.12B | 933.27M | 791.84M | 315.8M | 80.36M |
| Retained Earnings | 3.26B | 4.21B | 4.44B | 2.99B | 908.87M | -247.83M | -1.26B | -533.48M | -1.67B | 1.84B | 1.18B | 184.93M | -90.87M | -61.52M |
| Accumulated OCI | -36.66M | -2.52M | 79.27M | 23.67M | 7.76M | 11.55M | 17.11M | 21.86M | 16.39M | 11.07M | 29.46M | 101K | -1.54M | 303.01K |
| Treasury Stock | -170.69M | -170.69M | -170.46M | -94.85M | -46.73M | -42.9M | -40.15M | -37.1M | -254K | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying YRD stock.
As of 2025, Yiren Digital Ltd. (YRD) had total assets of $13.45B including $12.14B in current assets.
Yiren Digital Ltd. (YRD) carries total debt of $48.8M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Yiren Digital Ltd. (YRD) has total shareholders' equity (book value) of $9.27B ($106.16 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Yiren Digital Ltd. (YRD) reported a current ratio of 6.82x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Asset Quality and Regulatory
Asset Growth Stalled by Contraction
According to recent financial filings, YRD's total assets have fluctuated significantly, reaching $13.5 billion in 2025Q4, yet the underlying composition suggests a shift away from core lending growth toward a more defensive, cash-heavy posture that reflects broader uncertainty in the Chinese consumer credit market.
The expansion of the balance sheet appears disconnected from organic loan growth, suggesting that asset accumulation is driven by liquidity management rather than business scaling. Investors should monitor whether this asset trajectory indicates a permanent pivot away from credit facilitation toward lower-yielding, non-core financial assets.
Capital Erosion Amidst Operational Losses
As reported in the company's latest balance sheet data, equity has declined to $9.3 billion in 2025Q4 from a peak of $10.3 billion in 2025Q3, signaling that recent net losses are directly impairing the firm's capital base and reducing its long-term financial flexibility.
The decline in the equity-to-assets ratio to 0.69 suggests that the firm's capital buffer is thinning precisely when credit risk appears to be escalating. This trend warrants further investigation into whether management will be forced to curtail capital deployment or seek external financing to maintain regulatory compliance.
Liquidity Hoarding Masks Operational Weakness
Based on reported figures, YRD maintains a substantial cash and bank balance of $3.3 billion as of 2025Q4, which, while providing a nominal liquidity cushion, appears to be a defensive response to the volatility inherent in the firm's current credit facilitation and wealth management business model.
The high cash-to-asset ratio may indicate that the firm is struggling to find productive, risk-adjusted deployment opportunities within its core markets. This liquidity profile appears to be a double-edged sword, offering protection against immediate shocks while simultaneously highlighting a lack of growth-oriented capital allocation.
Hidden Risks in Contingent Liabilities
Financial statements indicate that the firm's provision for loan losses reached $256.8 million in 2025Q4, a sharp increase that suggests the company's off-balance-sheet guarantee obligations may be significantly more burdensome than the headline balance sheet figures would otherwise imply to a casual observer.
The divergence between the firm's reported assets and the rising cost of credit provisions suggests that the true risk profile of the loan book is deteriorating. Investors should monitor the potential for further fair value adjustments on contract assets, which may continue to pressure the firm's net margin.