Uxin (NASDAQ:UXIN), a leading nationwide online used car dealer in China, reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025, on April 10, 2026.
The results underscore a period of rapid physical expansion and operational maturation, with the company’s retail volume more than doubling year-over-year.
For the full year 2025, Uxin achieved a retail transaction volume of 51,110 units, representing a significant 134.7% increase compared to 2024.
This volume growth drove total annual revenues to RMB 3,239.7 million (US$456.3 million), a 78.6% increase year-over-year.
The fourth quarter accounted for RMB 1,197.9 million of that total, reflecting a strong year-end performance as the company’s regional superstores reached higher utilization levels.
The company’s shift toward an omni-channel "superstore" strategy—which integrates reconditioning factories, warehousing, and retail showrooms—continues to be the primary engine of growth.
Uxin’s gross margin for the fourth quarter stood at approximately 6.8%, as the company balanced aggressive market share acquisition with investments in its high-end reconditioning facilities.
Key operational metrics showed continued efficiency despite the scale of expansion.
Uxin maintained a stable inventory turnover of approximately 30 days, a figure significantly lower than the industry average in China.
This velocity is attributed to the company's proprietary AI pricing engine and its ability to rapidly recondition vehicles to "like-new" standards at its regional hubs.
Looking ahead, Uxin issued an ambitious outlook for 2026, projecting more than 100% growth in both retail transaction volume and total revenue.