The company exhibits a persistent structural disconnect where high gross margins of 60.9% are consistently eroded by operating expenses, leading to a negative operating margin of -47.1% as of 2025Q2.
| Sales/Revenue | 35.55M | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 22.74M | 22.3M | 14.53M | 11.88M | 83.52M | 92.49M | 515.55M | 518.9M | 196.31M | -4.98M |
| Gross Margin % | 63.96% | 63.46% | 27.55% | 15.93% | 48.21% | 24.45% | 40.11% | 32.36% | 34.52% | -9.08% |
| Gross Profit Growth % | - | 53.53% | 22.27% | -85.78% | -9.7% | -82.06% | -0.65% | 164.33% | 4041.91% | - |
| Operating Expenses | 36.45M | 36.4M | 56.22M | 93.41M | 154.86M | 299.33M | 1.24B | 507.64M | 249.92M | 196.03M |
| OpEx % of Revenue | - | 103.59% | 106.64% | 125.27% | 89.39% | 79.13% | 96.79% | 31.66% | 43.94% | 357.24% |
| Selling, General & Admin | 32.64M | 32.7M | 42.3M | 77.45M | 129.05M | 192.45M | 1.16B | 412.65M | 178.4M | 144.86M |
| SG&A % of Revenue | - | 93.06% | 80.24% | 103.87% | 74.49% | 50.88% | 90.64% | 25.73% | 31.37% | 263.98% |
| Research & Development | 0 | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - | - | - | - | - |
| Operating Income | -13.71M | -14.1M | -41.69M | -81.53M | -71.34M | -206.84M | -728.43M | 11.26M | -53.61M | -201.01M |
| Operating Margin % | -38.57% | -40.13% | -79.09% | -109.34% | -41.18% | -54.68% | -56.68% | 0.7% | -9.43% | -366.31% |
| Operating Income Growth % | - | 66.18% | 48.86% | -14.29% | 65.51% | 71.6% | -6568.08% | 121.01% | 73.33% | - |
| EBITDA | -5.55M | -13.33M | -39.8M | -75.97M | -58.98M | -191.61M | -716.15M | 15.96M | -49.53M | -198.06M |
| EBITDA Margin % | -15.61% | -37.94% | -75.5% | -101.88% | -34.05% | -50.66% | -55.72% | 1% | -8.71% | -360.94% |
| EBITDA Growth % | 79.83% | 66.5% | 47.61% | -28.8% | 69.22% | 73.24% | -4586.29% | 132.23% | 74.99% | - |
| D&A (Non-Cash Add-back) | 8.16M | 770K | 1.89M | 5.56M | 12.36M | 15.22M | 12.29M | 4.7M | 4.08M | 2.95M |
| EBIT | -12.28M | -12.67M | -27.9M | -169.9M | -69.5M | -212.61M | -885.5M | 11.26M | -53.61M | -201.01M |
| Net Interest Income | 506K | 112K | -4.47M | -24.14M | -32.45M | -34.33M | 24.14M | 0 | 0 | 0 |
| Interest Income | 526K | 112K | 0 | 0 | 0 | 0 | 43.16M | 0 | 0 | 0 |
| Interest Expense | 20K | 0 | 4.47M | 24.14M | 32.45M | 34.33M | 19.02M | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - | - | - | - | - | - |
| Pretax Income | -12.76M | -14.09M | -95.16M | -194.03M | -101.95M | -246.94M | -904.52M | 7.88M | -66.34M | -200.33M |
| Pretax Margin % | -35.89% | -40.1% | -180.5% | -260.21% | -58.85% | -65.28% | -70.38% | 0.49% | -11.67% | -365.07% |
| Income Tax | 2.04M | 685K | -13.9M | 2.52M | 6.87M | 49.2M | 1.97M | 5.71M | 18.52M | 167K |
| Effective Tax Rate % | -16% | -4.86% | 14.61% | -1.3% | -6.74% | -19.92% | -0.22% | 72.45% | -27.91% | -0.08% |
| Net Income | -11.9M | -15.45M | -78.76M | -190.18M | -101.73M | -293.94M | -906.49M | -74.6M | -130.35M | -200.49M |
| Net Margin % | -33.48% | -43.98% | -149.41% | -255.05% | -58.72% | -77.71% | -70.53% | -4.65% | -22.92% | -365.37% |
| Net Income Growth % | 86.47% | 80.38% | 58.59% | -86.95% | 65.39% | 67.57% | -1115.15% | 42.77% | 34.98% | - |
| Net Income (Continuing) | -14.8M | -14.78M | -81.25M | -196.56M | -108.82M | -296.14M | -906.49M | 2.17M | -84.86M | -200.49M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 13.9M | 13.75M | 13.08M | 154.91M | 159.9M | 166.99M | 169.19M | 0 | 0 | 0 |
| EPS (Diluted) | -26.28 | -34.30 | -194.95 | -776.30 | -415.80 | -1211.00 | -3936.10 | -841.05 | -2542.40 | -4286.45 |
| EPS Growth % | 61.76% | 82.41% | 74.89% | -86.7% | 65.66% | 69.23% | -368% | 66.92% | 40.69% | - |
| EPS (Basic) | - | -44.80 | -194.95 | -776.30 | -415.80 | -1211.00 | -3936.10 | -841.05 | -2542.40 | -3670.80 |
| Diluted Shares Outstanding | 452.81K | 452.81K | 403.85K | 244.99K | 244.66K | 242.72K | 230.31K | 82.53K | 51.27K | 46.77K |
| Basic Shares Outstanding | 398.04K | 344.04K | 403.85K | 244.99K | 244.66K | 242.72K | 230.31K | 82.53K | 51.27K | 54.62K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Unsustainable operating cost structure
As evidenced by the company's recent quarterly financial disclosures, Pintec Technology has experienced a significant erosion in top-line performance, with revenue levels failing to sustain the peaks observed in early 2023, signaling a broader decline in the firm's credit facilitation and wealth management transaction volumes.
The inability to maintain consistent revenue growth suggests that the company's B2B2C model is struggling to retain its relevance within the competitive Chinese fintech landscape. Investors should monitor whether this trend reflects a permanent loss of market share to larger, better-capitalized peers or a cyclical downturn in consumer credit demand.
Based on the reported income statement data, Pintec maintains a gross margin profile near 60%, yet this efficiency is entirely offset by an operating margin that has remained deeply negative, frequently dipping below -40% in recent periods as reported in the company's latest financial filings.
This structural disconnect highlights a fundamental inability to scale the business, as the cost of maintaining the technology platform significantly outweighs the transactional fees generated. The persistent negative operating margin suggests that the current revenue base is insufficient to cover the fixed overhead required to support the firm's operations.
According to the provided financial statements, Pintec's operating expenses have consistently outpaced gross profit generation, preventing the company from achieving the operating leverage necessary to reach profitability despite the high gross margin nature of its software-intermediated business model.
The lack of operating leverage indicates that management has not successfully aligned its administrative and development costs with the current, lower-volume reality of the business. Without a substantial increase in transaction throughput, the firm appears trapped in a cycle of operational losses that threatens its long-term viability.
As detailed in the historical income statement data, the company's SG&A expenses remain disproportionately high relative to its revenue, creating a rigid cost structure that has failed to adjust downward in proportion to the significant decline in transaction-based income observed over the last ten quarters.
The persistence of these high fixed costs suggests that the company is carrying an unsustainable level of overhead for its current scale. Investors should investigate whether management has the capacity to implement further cost-cutting measures or if the current expense level is a structural requirement for maintaining the platform's API integrations.
Quick answers to the most common questions about buying PT stock.
Pintec Technology Holdings Limited (PT) reported a net loss of $15.5M for the fiscal year ending 2024.
Pintec Technology Holdings Limited (PT) reported an operating income of $-14.1M, resulting in an operating profit margin of -40.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Pintec Technology Holdings Limited (PT) generated $22.3M in gross profit for the year, representing a gross profit margin of 63.5%. This demonstrates the company's core pricing power and production efficiency.