Uxin Non-GAAP EPS of $0.00, revenue of $91.89M; initiates Q3 and raises FY outlook

Uxin reported a revenue of $91.89 million for Q2 2025, a 29.7% increase year-over-year, although its gross margin decreased to 5.2% from 7.0% in the previous quarter.

The company experienced a substantial rise in transaction volume, reaching 11,606 units, which is a 40.4% increase from the previous quarter and a 107.1% increase compared to the same quarter last year.

Uxin has raised its full-year 2025 revenue growth projection to approximately 130% over 2024, reflecting strong confidence in its continued expansion.

For the upcoming quarter, Uxin expects retail transaction volume to be between 13,500 and 14,000 units, with total revenues projected to be between RMB 830 million and RMB 860 million, along with a projected gross profit margin of around 7.5%.

Investment Recommendation: Uxin Performance Update

Uxin (NASDAQ: UXIN) has released its financial results for the second quarter, revealing a Non-GAAP earnings per share (EPS) of $0.00 and a revenue of $91.89 million, reflecting a significant year-over-year increase of 29.7%. However, the gross margin decreased to 5.2% for the three months ending June 30, 2025, down from 7.0% in the previous quarter and 6.4% during the same quarter last year.

In terms of profitability, the company reported a Non-GAAP adjusted EBITDA loss of RMB 16.5 million (approximately US$2.3 million) for the same period. Uxin's transaction volume reached 11,606 units, representing a robust increase of 40.4% compared to 8,264 units in the prior quarter and an impressive 107.1% rise from 5,605 units in the same quarter last year.

Retail transaction volume alone contributed 10,385 units for the three months ended June 30, 2025, demonstrating a growth of 37.6% from 7,545 units in the previous quarter and an extraordinary 153.9% increase from 4,090 units year-over-year.

Looking ahead, Uxin has raised its full-year 2025 growth projection to approximately 130% over the previous calendar year, 2024, indicating strong confidence in continued expansion.

Business Outlook:

For the upcoming quarter ending September 30, 2025, Uxin anticipates its retail transaction volume to fall between 13,500 and 14,000 units. The company also expects total revenues—including retail vehicle sales, wholesale vehicle sales, and other revenue sources—to range from RMB 830 million to RMB 860 million. Furthermore, they project a gross profit margin of around 7.5%.

Overall, Uxin's recent performance reflects significant growth in transaction volume and revenue, alongside a strategic outlook aimed at further expansion.