China Rapid Finance Ltd

EDGAR

Annual consolidated revenue for 2025: about USD 154.3M, using the latest reported figures. The previous period, 2024, was about USD 231.4M.

Watchlist

Latest fiscal year

Revenue

154 million USD

2025 · USD

Exact inputs and evidence

Operating margin

-63.9%

2025 · %

Exact inputs and evidence
  • Operating Income: -98599000 USD Source
  • Revenue: 154290000 USD Source

Operating cash flow

-246 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -246484000 USD Source

Free cash flow

-247 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -246484000 USD Source
  • Capital Expenditure: 38000 USD Source
Cash and cash equivalents
Not available
Long-term debt including current maturities
Not available
Shares outstanding
113 million shares Source
Exact value

113456157 shares

Reported share-count change

72.53% · 47.7 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 65759210 shares · 2018-12-31· Source
  • 113456157 shares · 2019-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-07.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 8 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 2 of 11 periods available· newest 2025-12-31
  • Total assets: Multiple units; comparison withheld· newest 2025-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Current assets: Multiple units; comparison withheld· newest 2025-12-31
  • Current liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 4 of 11 periods available· newest 2019-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -33.3%

    Prior period

    USD 231.42 million

    –

    Current period

    USD 154.29 million

    –

    Exact inputs and evidence

    154290000 − 231424000 = -77134000 USD

    231424000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    154290000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    −USD 83.71 million

    Prior period

    −USD 13.61 million

    –

    Current period

    −USD 97.32 million

    –

    Exact inputs and evidence

    -97319000 − -13605000 = -83714000 USD

    -13605000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -97319000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    −USD 173.57 million

    Prior period

    −USD 72.91 million

    –

    Current period

    −USD 246.48 million

    –

    Exact inputs and evidence

    -246484000 − -72910000 = -173574000 USD

    -72910000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -246484000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 154.29 million 100% of revenue
  • Cost of revenue USD 152.03 million 99% of revenue
  • Operating expenses USD 100.86 million 65% of revenue
  • Operating income −USD 98.6 million −64% of revenue
  • Tax, interest and other Derived −USD 1.28 million −0.8% of revenue
  • Net income −USD 97.32 million −63% of revenue

Cash

  • Operating cash flow −USD 246.48 million −160% of revenue
  • Capital expenditure USD 38,000 0% of revenue
  • Free cash flow Derived −USD 246.52 million −160% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Operating loss: operating costs were 101% of revenue.
  • 2019 13%85%
  • 2020 Operating loss: operating costs were 104% of revenue.
  • 2021 Operating loss: operating costs were 115% of revenue.
  • 2022 Operating loss: operating costs were 183% of revenue.
  • 2023 Operating loss: operating costs were 105% of revenue.
  • 2024 Operating loss: operating costs were 109% of revenue.
  • 2025 Operating loss: operating costs were 164% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3155861000 UnavailableUnavailableUnavailable-33366000 Unavailable
Source
2017 2017-01-01 – 2017-12-3187711000 UnavailableUnavailableUnavailable-36649000 Unavailable
Source
2018 2018-01-01 – 2018-12-3124930000 25097000 Derived -167000 -31000 Derived -136000 Unavailable
Source
2019 2019-01-01 – 2019-12-3111577000 9824000 Derived 1753000 283000 Derived 1470000 Unavailable
Source
2020 2020-01-01 – 2020-12-3150289000 52182000 Derived -1893000 -6297000 Derived 4404000 Unavailable
Source
2021 2021-01-01 – 2021-12-31290790000 333854000 Derived -43064000 6187000 Derived -49251000 Unavailable
Source
2022 2022-01-01 – 2022-12-31260026000 474571000 Derived -214545000 14902000 Derived -229447000 -88945000 Derived
Source
2023 2023-01-01 – 2023-12-3192416000 97228000 Derived -4812000 -1161000 Derived -3651000 Unavailable
Source
2024 2024-01-01 – 2024-12-31231424000 253028000 Derived -21604000 -7999000 Derived -13605000 Unavailable
Source
2025 2025-01-01 – 2025-12-31154290000 252889000 Derived -98599000 -1280000 Derived -97319000 -246522000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 154.3M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.314.1M235.5M157.0M78.5M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue55861000
2017Revenue87711000
2018Revenue24930000
2019Revenue11577000
2020Revenue50289000
2021Revenue290790000
2022Revenue260026000
2023Revenue92416000
2024Revenue231424000
2025Revenue154290000

Revenue growth

Change in revenue from the same financial period one year earlier.

-33.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.522%363%203%44%-116%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-0.5%
2017Year over year57%
2018Year over year-71.6%
2019Year over year-53.6%
2020Year over year334.4%
2021Year over year478.2%
2022Year over year-10.6%
2023Year over year-64.5%
2024Year over year150.4%
2025Year over year-33.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -63.9% 2025
Net margin -63.1% 2025
Free cash flow margin -159.8% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.29%-22%-72%-123%-174%2016-12-3120212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018Operating margin-0.7%
2019Operating margin15.1%
2020Operating margin-3.8%
2021Operating margin-14.8%
2022Operating margin-82.5%
2023Operating margin-5.2%
2024Operating margin-9.3%
2025Operating margin-63.9%
2016Net margin-59.7%
2017Net margin-41.8%
2018Net margin-0.5%
2019Net margin12.7%
2020Net margin8.8%
2021Net margin-16.9%
2022Net margin-88.2%
2023Net margin-4%
2024Net margin-5.9%
2025Net margin-63.1%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow margin-34.2%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow margin-159.8%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -246.5M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.30.2M-44.1M-118.4M-192.7M-267.0M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow-25945000
2017Operating cash flow-3701000
2018Operating cash flow-45000
2019Operating cash flow44000
2020Operating cash flow-43552000
2021Operating cash flow-218563000
2022Operating cash flow-72915000
2023Operating cash flow9708000
2024Operating cash flow-72910000
2025Operating cash flow-246484000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -246.5M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.19.7M-51.8M-123.3M-194.8M-266.2M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flow-88945000
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flow-246522000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Liabilities / assetsNot reportedNo source recorded
2017-12-31Liabilities / assetsNot reportedNo source recorded
2018-12-31Liabilities / assetsNot reportedNo source recorded
2019-12-31Liabilities / assetsNot reportedNo source recorded
2020-12-31Liabilities / assetsNot reportedNo source recorded
2021-12-31Liabilities / assetsNot reportedNo source recorded
2022-12-31Liabilities / assetsNot reportedNo source recorded
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024-12-31Liabilities / assetsNot reportedNo source recorded
2025-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 33.37 million
Exact value

Exact value: -33366000 USD

2016-01-01 – 2016-12-31: -33366000 USD Inspect Net Income Open source
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−USD 25.95 million
Exact value

Exact value: -25945000 USD

2016-01-01 – 2016-12-31: -25945000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
−USD 36.65 million
Exact value

Exact value: -36649000 USD

2017-01-01 – 2017-12-31: -36649000 USD Inspect Net Income Open source
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−USD 3.7 million
Exact value

Exact value: -3701000 USD

2017-01-01 – 2017-12-31: -3701000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
−USD 136,000
Exact value

Exact value: -136000 USD

2018-01-01 – 2018-12-31: -136000 USD Inspect Net Income Open source
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−USD 45,000
Exact value

Exact value: -45000 USD

2018-01-01 – 2018-12-31: -45000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 1.47 million
Exact value

Exact value: 1470000 USD

2019-01-01 – 2019-12-31: 1470000 USD Inspect Net Income Open source
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USD 44,000
Exact value

Exact value: 44000 USD

2019-01-01 – 2019-12-31: 44000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 4.4 million
Exact value

Exact value: 4404000 USD

2020-01-01 – 2020-12-31: 4404000 USD Inspect Net Income Open source
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−USD 43.55 million
Exact value

Exact value: -43552000 USD

2020-01-01 – 2020-12-31: -43552000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
−USD 49.25 million
Exact value

Exact value: -49251000 USD

2021-01-01 – 2021-12-31: -49251000 USD Inspect Net Income Open source
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−USD 218.56 million
Exact value

Exact value: -218563000 USD

2021-01-01 – 2021-12-31: -218563000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
−USD 229.45 million
Exact value

Exact value: -229447000 USD

2022-01-01 – 2022-12-31: -229447000 USD Inspect Net Income Open source
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−USD 72.92 million
Exact value

Exact value: -72915000 USD

2022-01-01 – 2022-12-31: -72915000 USD Inspect Operating Cash Flow Open source
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USD 16.03 million
Exact value

Exact value: 16030000 USD

2022-01-01 – 2022-12-31: 16030000 USD Inspect Capital Expenditure Open source
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−USD 88.95 million
Calculation and evidence

-72915000 − 16030000 USD

Exact free cash flow: -88945000 USD

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2023 2023-01-01 – 2023-12-31
−USD 3.65 million
Exact value

Exact value: -3651000 USD

2023-01-01 – 2023-12-31: -3651000 USD Inspect Net Income Open source
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USD 9.71 million
Exact value

Exact value: 9708000 USD

2023-01-01 – 2023-12-31: 9708000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
−USD 13.61 million
Exact value

Exact value: -13605000 USD

2024-01-01 – 2024-12-31: -13605000 USD Inspect Net Income Open source
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−USD 72.91 million
Exact value

Exact value: -72910000 USD

2024-01-01 – 2024-12-31: -72910000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
−USD 97.32 million
Exact value

Exact value: -97319000 USD

2025-01-01 – 2025-12-31: -97319000 USD Inspect Net Income Open source
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−USD 246.48 million
Exact value

Exact value: -246484000 USD

2025-01-01 – 2025-12-31: -246484000 USD Inspect Operating Cash Flow Open source
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USD 38,000
Exact value

Exact value: 38000 USD

2025-01-01 – 2025-12-31: 38000 USD Inspect Capital Expenditure Open source
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−USD 246.52 million
Calculation and evidence

-246484000 − 38000 USD

Exact free cash flow: -246522000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

116 filings · 1,175 latest values · 1,175 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001346610, 1346610, SOS, XRF, edgar:1346610

Also known as China Rapid Finance Ltd, China Risk Finance LLC, SOS LIMITED, SOS Limited, SOS Ltd