Uxin (NASDAQ:UXIN), a leading Chinese online used car platform, announced impressive financial results for the third quarter of fiscal 2025, reporting a substantial 76.8% year-over-year increase in total revenue.
The company generated RMB879.3 million (US$123.5 million), driven by a significant uptick in both transaction and retail volumes.
Transaction volume surged 125.7% year-over-year to 15,904 units, while retail volume climbed 133.5% to 14,020 units, reflecting strong demand for Uxin’s platform despite ongoing challenges in the broader used-car market.
Gross margin improved to 7.5%, marking its highest level in nearly three years, as the company continues to scale its operations and enhance its profitability profile.
Non-GAAP adjusted EBITDA loss narrowed to RMB5.3 million, but Uxin still reported a net loss of RMB60.7 million, along with operating cash outflow of RMB172.4 million.
The company’s liquidity remains under pressure, with current liabilities exceeding current assets by RMB229.7 million and an accumulated deficit of RMB19.8 billion as of September 30, 2025.
In a bid to bolster its financial position and fuel future expansion, Uxin announced the sale of 1.2 billion Class A shares to an investor affiliated with a director, raising US$10 million.