Tech
Uxin reports revenue surge as volume doubles
Share
- Uxin reported a 119.1% increase in retail transaction volume for the quarter ended March 31, 2026.
- Total revenues reached RMB1,073.7 million, while the net loss widened to RMB91.6 million.
- The company stated it expects second-quarter retail volumes to reach between 18,000 and 19,000 units.
Uxin (NASDAQ:UXIN) reported total revenues of RMB1,073.7 million for the quarter ended March 31, 2026.
This result represents a 112.9% increase in revenue compared to the same reporting period last year.
The company recorded a net loss of RMB91.6 million alongside a gross margin of 7.0%.
Current liabilities exceeded current assets by RMB156.1 million, leaving the business with RMB47.4 million in cash.
Following the announcement, Uxin's share price was unchanged at $2.12.
The company stated it expects upcoming quarterly revenues to land between RMB1,050 million and RMB1,100 million.
The business recently announced a new strategic partnership in Hebei and a superstore project in Chongqing.
