Uxin Limited delivered Q4 2025 revenue of RMB 1,197.9 million, roughly doubling year over year, while full year revenue rose to RMB 3.24 billion. The company still posted a net loss of around RMB 262–278 million for 2025, though losses narrowed versus 2024, and adjusted EBITDA improved. Shares traded higher in premarket action, rising about 3.6% as investors reacted to robust volume and revenue growth despite margin pressure and liquidity concerns.
About Uxin Limited
Uxin Limited (ticker: UXIN) is a China based online used car dealer that operates an integrated retail and wholesale platform focused on larger format “superstore” locations and related services. The company is listed in the United States and, based on a premarket share price near USD 3.12 and a market capitalization of about USD 620.6 million, it trades at a relatively low P/E ratio of about 3.4 according to recent trading data.
Uxin’s business centers on sourcing, reconditioning and selling used vehicles, supported by data driven operations and a factory retail model that aims to improve inventory turnover and customer experience. The company does not pay a dividend and remains focused on reinvestment, with losses narrowing as scale improves; employee count and founding year were not specified in the latest disclosures.
Top Financial Highlights
- Q4 2025 total revenue was RMB 1,197.9 million, up about 101% year over year from roughly RMB 597 million.
- Full year 2025 revenue reached RMB 3.24 billion, growing about 79% from approximately RMB 1.81 billion in 2024.
- Q4 2025 gross margin stood near 6.8%, roughly stable versus the prior year despite a higher volume base.
- Uxin recorded a full year 2025 net loss of about RMB 262.5-277.5 million, an improvement versus a loss of about RMB 342-349 million in 2024.
- Q4 2025 net loss was approximately RMB 87.5 million, slightly better than the roughly RMB 92 million loss a year earlier.
- Adjusted EBITDA loss for full year 2025 narrowed to about RMB 57.9 million, improving from around RMB 80.8 million in 2024, reflecting better operating leverage.
- Retail transaction volume in Q4 2025 reached 19,160 units, an increase of about 124% year over year, significantly outpacing the broader market.
- Q4 2025 total revenue growth of roughly 101% was driven largely by the superstore format and integrated factory retail operations.
- Management highlighted ongoing pressure from tight liquidity and cash on hand, even as revenue and volumes scaled quickly.
- The company expects over 100% year over year revenue growth in 2026, indicating continued aggressive expansion plans.
- Uxin’s stock traded around 3.12 USD in premarket trading after the report, with a beta near 1.56, reflecting high volatility.
Beat or Miss?
| Metric | Reported | Difference or analysis |
| Q4 2025 Revenue | RMB 1,197.9 million | About 101% year over year growth, roughly doubling from the prior year quarter. |
| Full Year 2025 Revenue | RMB 3.24 billion | Up about 79%versus approximately RMB 1.81 billion in 2024. |
| Q4 2025 Net Loss | RMB 87.5 million | Slight improvement from about RMB 92 million loss a year earlier. |
| Full Year Net Loss | About RMB 262.5–277.5 million | Narrowed from roughly RMB 342–349 million in 2024. |
| Adjusted EBITDA (FY 2025) | Loss of RMB 57.9 million | Improved from a loss of RMB 80.8 million, showing better efficiency. |
| EPS | N/A | Recent summaries did not disclose EPS figures for Q4 2025 or full year 2025. |
| Analyst expectations | N/A | Available sources did not state specific consensus estimates for this quarter. |
What Leadership Is Saying?
“Our strategy of expanding superstores and refining our integrated factory retail model has started to deliver tangible results, with transaction volumes and revenues growing significantly faster than the broader used car market in China.”
“We continued to narrow our net loss and adjusted EBITDA loss in 2025 while investing in capacity and operations, although liquidity remains tight and we will keep prioritizing margin improvement and disciplined cost management.”
Historical Performance
| Category | Q4 2025 | Q4 2024 (previous year) | Change (%) |
| Revenue | RMB 1,197.9 million | RMB 596.8 million | About +100.7% year over year. |
| Net Income (Loss) | RMB -87.5 million | RMB -92 million | Loss narrowed by about 4.9%. |
| Operating Expenses | N/A | N/A | Not disclosed in the accessible summaries. |
Historical Performance of competitors
Publicly available summaries of this specific Uxin earnings release did not include direct year over year comparisons versus named competitors, and comparable quarterly data for rival used car platforms were not part of the same disclosure set.
Because of that, constructing a consistent year over year competitor table from this release alone is not possible without mixing disparate data sources and periods. A focused peer comparison would require separate, synchronized filings from comparable Chinese online used car platforms for the same quarter and year.
How the Market Reacted?
Uxin’s stock moved higher after the earnings release, with premarket trading showing a gain of about 3.65% and a price near 3.12 USD. Investors appeared encouraged by the sharp increases in retail transaction volume and revenue, along with narrowing losses and improved adjusted EBITDA. At the same time, commentary about tight liquidity and modest gross margins suggests sentiment is cautiously optimistic rather than uniformly positive.
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