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Data as of Q3 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 4 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 11% of free cash flow, leaving room to grow it and fund buybacks. Last year: $22.1M dividends + $105.0M buybacks = $127.1M returned on $206.7M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 8 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 18%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 8 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.09B 100.0% | $5.87B 100.0% | $4.81B 100.0% | $3.56B 100.0% | $3.63B 100.0% | $2.19B 100.0% | $3.09B 100.0% | $3.54B 100.0% |
| Cost of Revenue | $288.9M 26.4% | $1.74B 29.6% | $1.54B 32.1% | $1.34B 37.5% | $1.96B 54.1% | $2.07B 94.5% | $1.63B 52.9% | $1.19B 33.5% |
| Selling, General & Admin | $28.5M 2.6% | $175.9M 3.0% | $153.9M 3.2% | $143.2M 4.0% | $187.9M 5.2% | $179.2M 8.2% | $227.5M 7.4% | $220.0M 6.2% |
| Total Operating Expenses | $859.3M 78.7% | $4.00B 68.1% | $3.35B 69.6% | $2.35B 65.9% | $2.32B 63.8% | $3.62B 165.2% | $2.28B 73.7% | $2.27B 64.0% |
| Operating Income | $233.1M 21.3% | $1.87B 31.9% | $1.46B 30.4% | $1.21B 34.1% | $1.31B 36.2% | -$1.43B -65.2% | $812.6M 26.3% | $1.28B 36.0% |
| Interest & Investment Income | $9K 0.0% | $10K 0.0% | — | — | — | — | — | — |
| Other Income (Expense), net | $18.9M 1.7% | $13.5M 0.2% | $24.4M 0.5% | $40.7M 1.1% | $32.5M 0.9% | $12.7M 0.6% | $26.1M 0.8% | -$5.9M -0.2% |
| Pretax Income | $250.2M 22.9% | $1.89B 32.3% | $1.47B 30.5% | $1.22B 34.2% | $1.19B 32.8% | -$1.60B -73.0% | $663.9M 21.5% | $1.08B 30.6% |
| Income Tax Expense | $41.7M 3.8% | $405.7M 6.9% | $261.1M 5.4% | $396.1M 11.1% | $368.7M 10.2% | -$299.9M -13.7% | -$93.1M -3.0% | -$209.9M -5.9% |
| Net Income | $209.4M 19.2% | $1.54B 26.2% | $1.19B 24.6% | $812.0M 22.8% | $825.4M 22.8% | -$1.31B -59.7% | $774.3M 25.1% | $883.1M 24.9% |
| Per Share | ||||||||
| EPS (Basic) | $0.86 | $5.33 | $4.12 | $2.57 | $2.51 | -$4.07 | $2.47 | $3.08 |
| EPS (Diluted) | $0.84 | $5.25 | $4.08 | $2.52 | $2.45 | -$4.07 | $2.42 | $2.91 |
| Weighted Avg Shares (Basic) | 244.0M | 288.8M | 288.1M | 316.4M | 329.2M | 321.2M | 313.8M | 286.6M |
| Weighted Avg Shares (Diluted) | 249.5M | 293.4M | 290.8M | 322.4M | 336.9M | 321.2M | 319.7M | 304.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Leverage ratios is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash of $141.2M fully covers short-term debt of $58.6M.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
A reverse discounted cash flow is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
Ranked against 32 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXP | $217.1B | 21.1× | — | 5.3× | 6.4% | — | 26.2% | 32.4% | 11.9% | — | 1,026 |
| COIN | $42.4B | 36.1× | 23.1× | 5.9× | 9.4% | — | 17.6% | 8.5% | 5.9% | -3.0× | 313 |
| SOFI | $22.8B | 45.1× | — | 36.9× | 23.1% | 1.7% | 77.7% | 4.6% | 3.9% | — | 266 |
| BMNP | $22.7B | 7.3× | 49.9× | — | 84.1% | 5.1% | — | 4.0% | 4.0% | -1.1× | — |
| CHYM | $10.9B | — | — | 5.0× | 30.7% | 88.0% | -46.2% | -72.1% | -72.1% | — | 55 |
| HUT | $8.2B | — | — | 34.8× | 44.8% | 54.2% | -96.2% | -15.9% | -15.9% | — | 69 |
| WULF | $6.4B | — | — | 37.8× | 20.3% | 39.2% | -393% | -471% | -20.4% | — | 82 |
| DAVE | $4.3B | 24.8× | 21.6× | 7.7× | 59.7% | — | 35.3% | 55.5% | 55.5% | -0.4× | 47 |
| GPGI | $3.4B | — | — | 56.2× | -85.8% | 48.1% | -227% | -55.9% | -55.9% | — | 21 |
| CIFR | $3.4B | — | — | 15.0× | 48.0% | 63.7% | -367% | -102% | -23.1% | — | 79 |
| UPST | $2.4B | 55.2× | 53.3× | 2.3× | 64.0% | — | 5.1% | 6.7% | 2.0% | 17.4× | 67 |
| CLSK | $2.1B | — | 4.1× | 2.8× | 102% | 55.2% | 47.6% | 16.8% | 12.9% | 0.9× | 79 |
| PGY | $1.7B | 22.4× | 5.1× | 1.3× | 26.1% | 42.4% | 6.3% | 17.0% | 17.0% | -0.8× | — |
| WLTH | $1.6B | — | — | 4.5× | 18.2% | 89.6% | -11.5% | -6.8% | -6.8% | — | 10 |
| KEEL | $1.4B | — | — | 6.2× | 72.0% | -8.2% | -124% | -50.8% | -23.1% | — | — |
| WD | $1.2B | 21.2× | — | 1.0× | 9.0% | — | 4.6% | 3.2% | 3.2% | — | 38 |
| PWP | $1.1B | 29.8× | 13.5× | 1.4× | -14.5% | — | 4.7% | -27.9% | -27.9% | -4.2× | 19 |
| RHLD | $978M | — | 6.6× | 2.1× | 9.9% | 56.3% | -1.3% | -91.1% | -3.1% | 0.1× | 10 |
| BUR | $766M | 12.5× | — | 1.9× | -24.3% | — | 15.1% | 2.6% | 1.4% | — | 37 |
| QFIN | $641M | 1.7× | — | 0.2× | 16.8% | 84.4% | 31.1% | 24.8% | 24.8% | -0.7× | 25 |
| ABTC | $546M | — | — | 3.0× | 159% | 50.3% | -82.7% | -23.0% | -23.0% | — | — |
| HKD | $544M | 3.9× | 71.5× | 4.0× | 566% | — | 71.3% | 36.8% | 18.5% | — | 2 |
| FWDI | $529M | — | — | 29.1× | -9.0% | 28.5% | -918% | -11.4% | -11.4% | — | — |
| OPRT | $459M | 18.8× | — | 0.5× | -4.5% | — | 2.6% | 6.5% | 6.5% | — | 22 |
| WYFI | $436M | — | — | 5.5× | 66.2% | 60.2% | -31.2% | -5.1% | -4.9% | — | 15 |
| XYF | $181M | 5.8× | 0.4× | 0.2× | 35.8% | 73.6% | 19.2% | 18.7% | 17.8% | -0.3× | 4 |
Peers = companies sharing XYF's sector (Finance Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-01 | Zhang Longgen Director | Other | 90,000 | $0.00 | $0 |
| 2026-08-01 | Xue Zheng Director | Other | 90,000 | $0.00 | $0 |
| 2026-06-15 | 2 co-filers Group filing | Open-market sale4d late | 90,000 | $5.29 | $476k |
| 2026-06-15 | 2 co-filers Group filing | Open-market sale4d late | 90,000 | $5.18 | $466k |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
EOD close · as of 2026-10-30
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2018 | 66.5% | 36.0% | 24.9% |
| FY2019 | 47.1% | 26.3% | 25.1% |
| FY2020 | 5.5% | -65.2% | -59.7% |
| FY2021 | 45.9% | 36.2% | 22.8% |
| FY2022 | 40.3% | 30.4% | 22.8% |
| FY2023 | 40.4% | 29.9% | 24.6% |
| FY2024 | 70.4% | 31.9% | 26.2% |
| FY2025 | 73.6% | 21.3% | 19.2% |
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: wacc.
Where each multiple sits in its own 8-yr range · 31th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 19% against ROIC 18% — 1% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 20.2% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 33.5 | 52.9 | 94.5 | 54.1 | 37.5 | 32.1 | 29.6 | 26.4 |
| SG&A | 6.2 | 7.4 | 8.2 | 5.2 | 4.0 | 3.2 | 3.0 | 2.6 |
| Operating Income | 36.0 | 26.3 | -65.2 | 36.2 | 34.1 | 30.4 | 31.9 | 21.3 |
| Income Tax | -5.9 | -3.0 | -13.7 | 10.2 | 11.1 | 5.4 | 6.9 | 3.8 |
| Net Income | 24.9 | 25.1 | -59.7 | 22.8 | 22.8 | 24.6 | 26.2 | 19.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on XYF: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Return on equity (19%) and return on invested capital (18%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
Converts 0.72x of reported profit into cash — adequate, without much margin.
| Step | Amount | Running total |
|---|---|---|
| Net income | $209M | $209M |
| Share-based comp | $9M | $218M |
| Other non-cash & working capital | −$8M | $210M |
| Operating cash flow | $210M | $210M |
| Capex | −$3M | $207M |
| Free cash flow | $207M | $207M |
| FCF after SBC | $198M | $198M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -24.2% | not reported | not reported |
| FY2021 | 69.3% | not reported | not reported |
| FY2022 | -9.2% | not reported | not reported |
| FY2023 | 31.3% | not reported | not reported |
| FY2024 | 18.6% | not reported | not reported |
| FY2025 | 35.8% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 2.1 percent |
| FY2020 | -8.4 percent |
| FY2021 | 5.1 percent |
| FY2022 | 5.5 percent |
| FY2023 | 3.2 percent |
| FY2024 | 0.1 percent |
| FY2025 | -0.0 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
The cash conversion cycle could not be computed — receivables, inventory or cost of revenue is not reported — so the earliest accrual warning is not part of this verdict.
Leverage is not measurable this way for a bank.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
No growth rate within the range this model can express reaches the current price, so the requirement cannot be stated as a number.
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. No TTM point: the four most recent quarters do not form a usable window.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: implied_growth.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.