AIJTYOTCServices-Computer Programming, Data Processing, Etc.US GAAP · USD

Jianpu Technology Inc.

Jianpu Technology Inc. operates the Rong360 open financial technology platform in China, connecting users with a broad range of financial products and related services. The company also provides digital intelligence services to financial and non-financial partners, including data-driven risk management, intelligent marketing, and other integrated solutions.

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Revenue979m USD
−2.7 %y/y
Operating profit (EBIT)21.5m USD
−57.5 %y/y
EBIT margin2.2%
−2.8 ppy/y
Net income32.1m USD
−69.8 %y/y
Free cash flow105m USD
+45.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-50005001,0001,500m USD2020: 586 m USD2020: EBIT -322 m USD20202021: 805 m USD2021: EBIT -259 m USD20212022: 990 m USD2022: EBIT -152 m USD20222023: 1,069 m USD2023: EBIT -53 m USD20232024: 1,006 m USD2024: EBIT 51 m USD20242025: 979 m USD2025: EBIT 22 m USD202597922
RevenueOperating profit (EBIT)
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Business

Share of revenue
Recommendation services80 %

Search and recommendation tools that match users with financial products and related offerings.

Digital intelligence as a service20 %

Data, analytics, and software-enabled services sold to partners for decision-making and growth.

Products

Reported · share of revenue
81.9%9.8%FY2025100 %
  • Financial Service81.9 %
  • Advertising9.8 %
  • Technology Service8.3 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company serves consumers who use its platform to find and compare financial products, as well as business partners that need distribution, analytics, and marketing support. Its partner base spans financial institutions and non-financial companies that use the platform to improve conversion, underwriting, and customer acquisition.

Consumers

Use the platform to search for and compare financial products and related services.

Financial institutions

Buy distribution, recommendation, and analytics tools to acquire and serve customers more efficiently.

Non-financial partners

Use digital intelligence services such as marketing and analytics to improve customer engagement.

Strategy

Jianpu is focused on extending its open fintech platform beyond core recommendation services into a broader FinTech+ ecosystem. Its strategy emphasizes monetizing data and analytics capabilities, widening partner services, and expanding the platform's reach across financial and non-financial use cases.

Expand the FinTech+ ecosystemMedium term

A broader platform can increase user engagement and create more revenue streams beyond core search and recommendation.

Grow digital intelligence servicesMedium term

Data, analytics, and marketing services can deepen partner relationships and improve monetization per client.

Broaden global footprintLong term

International expansion can diversify the business away from a single market and open new partner opportunities.

Geography

Jianpu is organized around its China-based operating footprint, with principal executive offices in Beijing and a business model centered on the domestic fintech market. The reports also describe an expanding global footprint, but the disclosed operating center remains China, which shapes partner relationships, regulation, and product demand.

Risks

The business depends on consumer traffic, partner demand, and the effectiveness of its recommendation and analytics offerings, so changes in fintech regulation, competition, or user acquisition costs can affect growth. Because the platform operates in a regulated financial-services environment and relies on data-intensive services, it also faces risks tied to compliance, privacy, model performance, and platform trust.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Fintech regulation and compliance1Data privacy and security2Platform competition3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Fintech regulation and complianceImpact: HighLikelihood: High

    The platform connects users to financial products, so changes in financial-services rules can affect product availability and monetization.

    Exposure: China fintech operations

  2. Data privacy and securityImpact: HighLikelihood: High

    The business processes user and partner data to deliver search, recommendation, and analytics services.

    Exposure: Platform data and analytics

  3. Platform competitionImpact: MediumLikelihood: High

    User acquisition and partner retention depend on the platform's reach, product coverage, and service quality.

    Exposure: Fintech distribution and intelligence services

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Accounting

Judgemental items
Revenue recognition

Different service lines may recognize revenue when services are delivered or as performance obligations are satisfied.

Impact: Affects quarterly revenue timing and comparability across services

Non-GAAP adjustments

Adjusted EBITDA and adjusted net income exclude items such as share-based compensation and fair value changes.

Impact: Can materially change the view of underlying operating performance

Fair value measurements

The company references fair value changes of crypto assets and equity investments in non-GAAP measures.

Impact: Can create volatility in reported earnings and valuation

Foreign currency translation

The business reports in RMB but is presented in a U.S.-listed structure, creating translation effects.

Impact: Can affect comprehensive income and equity balances

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Last updated: 28/09/2026

Jianpu Technology Inc. (OTC) – Services-Computer Programming, Data Proc | Financial Analysis – Clarifo