Noah Holdings Q3 2025: Net Revenues Down 7.4%, Net Income Up 62.6%

Noah Holdings Limited reported Q3 2025 unaudited financial results with net revenues of RMB632.9 million ($88.9 million), a 7.4% decrease YoY. Income from operations decreased by 28.6% YoY to RMB171.9 million ($24.1 million), while net income attributable to Noah shareholders increased by 62.6% YoY to RMB218.5 million ($30.7 million). Non-GAAP net income attributable to Noah shareholders rose by 52.2% YoY to RMB229.1 million ($32.2 million).