Qudian Inc. - Understand $qd stock

$QD Market Cap: $589.8 Million

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Financial Snapshot

Revenue

$228.0M

TTM

Gross Margin

-0.6%

TTM

Net Earnings

$41.02M

TTM

Current Assets

$10.24B

Q3 2024

Current Liabilities

$1.048B

Q3 2024

Current Ratio

977.91%

Q3 2024

Total Assets

$12.55B

Q3 2024

Total Liabilities

$1.099B

Q3 2024

Book Value

$11.45B

Q3 2024

Cash

$4.847B

Q3 2024

P/E

14.38

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$126.3M	$577.5M	$1.654B	$3.688B	$8.840B	$7.692B	$4.775B	$1.443B	$235.0M	$24.10M
YoY Change	-78.12%	-65.09%	-55.15%	-58.28%	14.92%	61.08%	230.98%	513.96%	875.1%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$126.3M	$577.5M	$1.654B	$3.688B	$8.840B	$7.692B	$4.775B	$1.443B	$235.0M	$24.10M
Cost Of Revenue	$160.1M	$383.1M	$78.53M	$645.1M	$366.0M	$2.004B	$23.90M
Gross Profit	-$33.78M	$194.4M	$1.576B	$3.043B	$8.474B	$5.689B	$4.752B
Gross Profit Margin	-26.73%	33.66%	95.25%	82.51%	95.86%	73.95%	99.5%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Selling, General & Admin	$277.4M	$559.1M	$570.7M	$579.2M	$566.7M	$796.4M	$615.4M	$291.2M	$235.0M	$49.90M
YoY Change	-50.38%	-2.03%	-1.48%	2.21%	-28.84%	29.41%	111.33%	23.91%	370.94%
% of Gross Profit		287.58%	36.22%	19.03%	6.69%	14.0%	12.95%
Research & Development	$47.76M	$58.28M	$141.3M	$170.7M	$204.8M	$199.6M	$153.3M	$52.30M	$37.50M	$4.400M
YoY Change	-18.04%	-58.75%	-17.24%	-16.65%	2.61%	30.2%	193.12%	39.47%	752.27%
% of Gross Profit		29.98%	8.97%	5.61%	2.42%	3.51%	3.23%
Depreciation & Amortization	$1.960M	$1.152M	$21.62M	$10.40M	$22.10M	$12.10M	$5.800M	$1.500M	$700.0K	$100.0K
YoY Change	70.11%	-94.67%	107.88%	-52.94%	82.64%	108.62%	286.67%	114.29%	600.0%
% of Gross Profit		0.59%	1.37%	0.34%	0.26%	0.21%	0.12%
Operating Expenses	$291.4M	$359.0M	$477.8M	$2.048B	$2.946B	$2.151B	$1.323B	$461.1M	$317.7M	$55.90M
YoY Change	-18.81%	-24.87%	-76.67%	-30.49%	36.96%	62.57%	186.94%	45.14%	468.34%
Operating Profit	-$325.2M	-$164.6M	$1.098B	$995.0M	$5.528B	$3.538B	$3.428B
YoY Change	97.62%	-114.99%	10.32%	-82.0%	56.26%	3.19%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	$409.4M	$160.6M	-$93.61M	$208.7M	-$1.652B	-$903.4M	-$1.010B	-$276.5M	-$144.8M	-$9.000M
YoY Change	154.89%	-271.6%	-144.85%	-112.64%	82.83%	-10.56%	265.32%	90.95%	1508.89%
% of Operating Profit			-8.53%	20.97%	-29.88%	-25.54%	-29.46%
Other Income/Expense, Net	$23.04M	$3.234M	-$1.272M	$17.10M	$14.30M	$14.70M	$1.700M	-$1.800M	-$5.700M	$0.00
YoY Change	612.43%	-354.26%	-107.44%	19.58%	-2.72%	764.71%	-194.44%	-68.42%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Pretax Income	$101.5M	-$269.6M	$846.4M	$1.221B	$3.891B	$2.649B	$2.420B	$703.5M	-$233.2M	-$40.80M
YoY Change	-137.64%	-131.86%	-30.67%	-68.62%	46.87%	9.46%	243.99%	-401.67%	471.57%
Income Tax	$62.34M	$92.43M	$260.5M	$262.0M	$626.2M	$157.7M	$255.5M	$126.8M	$0.00	$0.00
% Of Pretax Income	61.44%		30.77%	21.46%	16.1%	5.95%	10.56%	18.02%
Net Earnings	$39.13M	-$362.0M	$589.1M	$958.8M	$3.264B	$2.491B	$2.165B	$576.7M	-$233.2M	-$40.80M
YoY Change	-110.81%	-161.45%	-38.56%	-70.63%	31.03%	15.1%	275.33%	-347.3%	471.57%
Net Earnings / Revenue	30.97%	-62.68%	35.61%	26.0%	36.93%	32.39%	45.33%	39.97%	-99.23%	-169.29%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.18	-$1.47	$2.212M	$3.495M	$10.86M	$7.737M	$6.644M	$1.748M	-$706.9K	-$123.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$9.404B	$8.880B	$7.992B	$6.580B	$3.092B	$2.501B	$7.132B	$1.216B	$259.0M
YoY Change	5.9%	11.11%	21.46%	112.81%	23.63%	-64.93%	486.51%	369.5%
Cash & Equivalents	$7.207B	$3.502B	$2.065B	$1.538B	$2.861B	$2.501B	$6.832B	$786.0M	$210.0M
Short-Term Investments	$2.197B	$5.378B	$5.927B	$5.042B	$231.0M	$0.00	$300.0M	$430.0M	$49.00M
Other Short-Term Assets	$729.7M	$2.177B	$231.4M	$182.0M	$1.291B	$440.0M	$2.998B	$586.0M	$35.00M
YoY Change	-66.48%	840.64%	27.15%	-85.9%	193.41%	-85.32%	411.6%	1574.29%
Inventory	$10.38M	$117.0M	$15.21M	$92.00M	$9.000M	$128.0M	$72.00M
Prepaid Expenses
Receivables	$25.88M	$0.00	$27.96M	$93.00M	$2.742B	$903.0M
Other Receivables	$0.00	$1.381M	$3.951B	$4.744B	$9.890B	$10.52B
Total Short-Term Assets	$10.16B	$11.06B	$12.22B	$11.69B	$17.02B	$14.49B	$19.19B	$6.929B	$2.445B
YoY Change	-8.13%	-9.49%	4.52%	-31.33%	17.49%	-24.48%	176.89%	183.39%
Property, Plant & Equipment	$1.473B	$877.0M	$959.7M	$514.0M	$242.0M	$26.00M	$5.000M	$5.000M	$2.000M
YoY Change	67.94%	-8.62%	86.71%	112.4%	830.77%	420.0%	0.0%	150.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$347.4M	$350.1M	$371.6M	$559.0M	$268.0M	$33.00M	$45.00M	$65.00M	$0.00
YoY Change	-0.77%	-5.8%	-33.52%	108.58%	712.12%	-26.67%	-30.77%
Other Assets	$498.8M	$451.1M	$530.2M	$574.0M	$308.0M	$261.0M	$122.0M	$30.00M	$50.00M
YoY Change	10.59%	-14.93%	-7.62%	86.36%	18.01%	113.93%	306.67%	-40.0%
Total Long-Term Assets	$2.322B	$1.688B	$1.873B	$1.708B	$1.339B	$1.764B	$194.0M	$189.0M	$231.0M
YoY Change	37.58%	-9.88%	9.66%	27.56%	-24.09%	809.28%	2.65%	-18.18%
Total Assets	$12.48B	$12.75B	$14.09B	$13.40B	$18.36B	$16.25B	$19.38B	$7.118B	$2.676B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$329.8M	$302.0M	$149.4M	$126.0M	$317.0M	$231.0M	$135.0M	$33.00M	$12.00M
YoY Change	9.2%	102.17%	18.55%	-60.25%	37.23%	71.11%	309.09%	175.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$207.0M	$1.610B	$1.283B	$358.0M	$0.00
YoY Change				-100.0%	-87.14%	25.49%	258.38%
Long-Term Debt Due	$0.00	$29.06M			$843.0M	$2.251B	$6.697B	$3.825B	$1.563B
YoY Change	-100.0%				-62.55%	-66.39%	75.08%	144.72%
Total Short-Term Liabilities	$754.5M	$584.9M	$493.5M	$473.0M	$3.897B	$5.019B	$9.330B	$4.528B	$3.218B
YoY Change	28.99%	18.52%	4.34%	-87.86%	-22.36%	-46.21%	106.05%	40.71%
Long-Term Debt	$0.00	$116.2M	$826.7M	$924.0M	$2.340B	$413.0M	$510.0M	$76.00M	$89.00M
YoY Change	-100.0%	-85.94%	-10.53%	-60.51%	466.59%	-19.02%	571.05%	-14.61%
Other Long-Term Liabilities	$39.76M	$426.0K	$178.8M	$80.00M	$22.00M
YoY Change	9233.1%	-99.76%	123.52%	263.64%
Total Long-Term Liabilities	$39.76M	$116.7M	$1.006B	$1.004B	$2.362B	$413.0M	$510.0M	$76.00M	$89.00M
YoY Change	-65.92%	-88.4%	0.15%	-57.49%	471.91%	-19.02%	571.05%	-14.61%
Total Liabilities	$794.2M	$703.7M	$1.574B	$1.498B	$6.438B	$5.433B	$9.840B	$4.604B	$3.307B
YoY Change	12.86%	-55.3%	5.1%	-76.73%	18.5%	-44.79%	113.73%	39.22%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $589.77 Million

About Qudian Inc.

Qudian, Inc. is a technology platform which empowers the enhancement of online consumer finance experience in China. The company is headquartered in Xiamen, Fujian and currently employs 305 full-time employees. The company went IPO on 2017-10-18. The firm is mainly engaged in the provision of credit solutions to consumers. The firm is committed to provide consumer products and services to satisfy Chinese consumers' needs by leveraging its technology capabilities. The firm is mainly engaged in two businesses. The credit business offers small cash credit products to consumers and undertakes the related credit risk. The firm's cash credit products include short-term and unsecured lines of credit products. The ready-to-cook meal or QD Food business provides packaged ingredients and condiments, along with easy-to-follow cooking instructions for consumers. The firm mainly conducts its businesses in the domestic market.

Industry: Finance Services Peers: Jiayin Group Inc. LexinFintech Holdings Ltd. X Financial Yiren Digital Ltd.