Key Highlights

  • The third quarter 2026 Revenue outlook starts at RMB 1,160 million and tops out at RMB 1,190 million, while gross Margin is expected to exceed 6.0%.
  • Second quarter transaction Volume totalled 21,899 units, a 20.3% sequential gain and 88.7% higher than a year earlier, of which 19,610 were retail.
  • Second quarter sales totalled RMB 1,151.2 million, equal to USD 169.7 million, up from RMB 658.3 million a year earlier, while gross margin slipped to negative 0.7%.
  • Retail volume guidance for the third quarter sits between 20,500 and 21,000 units, compared with 19,610 retail units delivered in the June quarter.

Third Quarter Guidance Range and Implied Sequential Growth at Uxin Limited (NASDAQ:UXIN)

Uxin Limited (NASDAQ:UXIN) plans to report results for the quarter ending September 30, 2026 on November 16, 2026. Management set retail transaction volume guidance at 20,500 to 21,000 units, with total revenues between RMB 1,160 million and RMB 1,190 million, plus gross margin above 6.0%. Measured from the RMB 1,151.2 million reported for the second quarter, the guided range implies sequential growth of roughly 0.8% to 3.4%, a figure calculated from the ends of the range. The first quarter stood at RMB 1,073.7 million and the prior-year second quarter at RMB 658.3 million.

Why Gross Margin Turned Negative at Uxin Limited (NASDAQ:UXIN)

At Uxin Limited (NASDAQ:UXIN), retail vehicle sales produced RMB 1,080.8 million in the second quarter, while cost of revenues reached RMB 1,159.8 million, leaving a gross loss of RMB 8.6 million compared with Gross Profit of RMB 34.2 million a year earlier. The operating loss came to RMB 151.9 million, the net loss to RMB 178.4 million and adjusted EBITDA loss to RMB 119.8 million. Management linked the squeeze to a steep drop in used car values after new car price cuts and higher oil prices, and the chief financial officer expects gross margin to get back above 6% in the third quarter. Uxin Limited (NASDAQ:UXIN) therefore faces its biggest test on margins in the upcoming print.

Cash Position, Working Capital Gap and Financing Needs at Uxin Limited (NASDAQ:UXIN)

At June 30, 2026, Uxin Limited (NASDAQ:UXIN) held RMB 82.6 million of cash and cash equivalents (USD 12.2 million). Current liabilities totalled RMB 766.0 million, above current Assets of RMB 564.9 million, so the working capital gap was about RMB 201.0 million. Short-term borrowings totalled RMB 318.5 million, finance Lease liabilities RMB 1,178.0 million and the shareholders' Deficit RMB 389.6 million. Management at Uxin Limited (NASDAQ:UXIN) anticipates that planned Equity and Loan raises will be sufficient. The company received USD 15.0 million from parties designated by NIO Capital at USD 2.859 per ADS, and continued net losses, swings in used car prices and dependence on equity and loan funding remain the main risks.

Where Things Stand

The November 16, 2026 report for Uxin Limited (NASDAQ:UXIN) hinges on margin repair after a second quarter gross margin of negative 0.7%. The company is pointing to a margin above 6.0% in the quarter, alongside total sales of RMB 1,160 million to RMB 1,190 million and 20,500 to 21,000 retail units. Liquidity is still thin, with cash of RMB 82.6 million and a working capital gap of about RMB 201.0 million at June 30, 2026. A USD 15.0 million equity injection and a planned Shaoxing superstore, capable of holding more than 2,500 vehicles, shape the operating plan and the capital it requires.