Earnings ·
Yiren Digital authorizes $20M share repurchase program, reports Q2 net loss of RMB449.6 million
YRDYiren Digital Ltd.
Yiren Digital reported unaudited financial results for the second quarter ended June 30, 2026, posting a net loss of RMB449.6 million (US$66.3 million), a 9% sequential improvement from the prior quarter's loss of RMB494.7 million. Total net revenue declined 3% sequentially to RMB890.0 million and fell 46% year-over-year, driven by a 69% drop in credit solution loan facilitation volume amid regulatory changes. The company authorized a new share repurchase program on July 2, 2026, allowing for up to US$20.0 million or 10% of outstanding shares over the next 12 months. Insurance brokerage revenue grew 16% year-over-year as client numbers surged 281%. The company operates in the financial technology and artificial intelligence sector.