Uxin Reports Unaudited Financial Results for the Quarter Ended June 30, 2026

Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN ), China's leading used car retailer, today announced its unaudited financial results for the quarter ended June 30, 2026.

Transaction volume was 21,899 units for the three months ended June 30 , 2026, representing an increase of 20.3% from 18,211 units in the last quarter and an increase of 88.7% from 11,606 units in the same period last year. Retail transaction volume was 19,610 units, representing an increase of 18.6% from 16,530 units in the last quarter and an increase of 88.8% from 10,385 units in the same period last year. Total revenues were RMB1,151.2 million (US$169.7 million) for the three months ended June 30, 2026, representing an increase of 7.2% from RMB1,073.7 million in the last quarter and an increase of 74.9% from RMB658.3 million in the same period last year. Gross margin was -0.7 % for the three months ended June 30, 2026, compared with 7.0 % in the last quarter and 5.2% in the same period last year. Loss from operations was RMB151.9 million (US$22.4 million) for the three months ended June 30, 2026, compared with RMB66.6 million in the last quarter and RMB43.1 million in the same period last year. Non-GAAP adjusted EBITDA [1] was a loss of RMB119.8 million (US$17.7 million), compared with a loss of RMB34.3 million in the last quarter and a loss of RMB16.5 million in the same period last year.

Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, "Despite a sharp decline in used car prices during the second quarter of 2026, our retail transaction volume reached 19,610 vehicles, up 89% year over year and 19% sequentially. Our Net Promoter Score remained at 65 or above for the ninth consecutive quarter, maintaining our industry-leading customer satisfaction. In response to the market downturn, we moved quickly to sell through inventory affected by decreasing prices. While this put significant pressure on near-term profitability, it allowed us to realign our inventory more quickly with the new pricing environment."

Mr. Dai continued, "Over the past several months, we have further strengthened our operations through this period of adjustment. Our pricing is more accurate, inventory turnover is significantly faster, and per-vehicle profitability continues to recover. With a more measured approach to inventory purchasing, we expect retail transaction volume of 20,500 to 21,000 vehicles in the third quarter. Our focus remains on improving store-level performance and overall operating efficiency to translate our growing scale into stronger profitability."

Mr. Feng Lin, Chief Financial Officer of Uxin, stated, "Total revenue reached RMB1.15 billion in the second quarter, including RMB1.08 billion in retail vehicle sales revenue, which increased 78% year over year and approximately 7% sequentially. The rapid decline in automotive market prices, together with our decision to accelerate inventory sales, weighed on profitability. Gross margin declined to negative 0.7%, and our adjusted EBITDA loss was RMB120 million. We view the pressure on second-quarter profitability as largely a near-term consequence of the market's sharp price adjustment. With market volatility easing and our operating efficiency improving, we believe the business is back on track for healthy, long-term growth. We expect our overall gross margin to rec..."