Uxin Limited (NASDAQ: UXIN) saw its shares plummet 5.57% during intraday trading on Tuesday. The sharp decline followed the release of the Chinese used car retailer's financial results for the first quarter ended March 31, 2026.

While the company reported a 112.9% year-over-year increase in total revenue to RMB1.07 billion (US$155.6 million), investors focused on the deteriorating bottom line. The net loss widened significantly to RMB91.6 million from RMB51.4 million in the same period last year. Furthermore, the non-GAAP adjusted EBITDA loss expanded to RMB34.3 million from RMB8.9 million a year earlier.

The earnings per share also disappointed, with adjusted EPS coming in at $(0.05), a 66.67% decrease from $(0.03) per share in the prior-year quarter. Management highlighted ongoing investments in new superstores and team build-out as factors impacting near-term profitability, despite maintaining confidence in achieving over 100% year-over-year retail transaction volume growth for the full year.