Qudian revenue plunges 93.5% in Q2 as company exits delivery business
Investing.com -- Qudian (NYSE:QD) reported a 93.5% year-over-year drop in revenue for the second quarter of 2025 as the company winds down its last-mile delivery business due to increased competition.
Despite the revenue decline, net income rose sharply during the quarter, primarily driven by a 392.3% increase in interest and investment income.
The company’s general and administrative expenses increased by 39.6%, attributed to higher depreciation and property tax expenses following the construction of its headquarters.
Looking ahead, Qudian plans to focus on business transition for sustainable growth while implementing prudent cash management strategies to safeguard its balance sheet as it exits the last-mile delivery sector.
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