FinVolution (FINV) reported Q1 adjusted earnings Monday of 1.80 Chinese renminbi ($0.26) per diluted American depositary share, down from 2.97 renminbi a year earlier.

A single analyst polled by FactSet expected 1.61 renminbi.

Net revenue for the quarter ended March 31 was 3.21 billion renminbi, compared with 3.48 billion renminbi a year earlier.

A single analyst surveyed by FactSet expected 3.03 billion renminbi.

For 2026, the company reiterated its revenue guidance of 11.5 billion renminbi to 12.9 billion renminbi. Analysts polled by FactSet expect 12.5 billion renminbi.

FinVolution also said it has authorized a new share repurchase program of up to $150 million, effective May 30.