AI Analysis

Log in to generate an AI summary for this stock.

Log in to generate a MOAT report for this stock.

Log in to generate an earnings report for this stock.

Log in to generate an operating leverage report for this stock.

Log in to generate a management report for this stock.

Log in to generate a valuation report for this stock.

Yiren Digital Ltd.

$1.01 -$2.82 (-73.63%)
NYSE · 11 Sep 2026 20:00 UTC
Previous Close
$0.99
Day Range
$0.97$1.04
Year Range
$0.82$6.79
Market Cap
87.8M
AVG Volume
1.08M
Trailing/Forward PE
-0.29/0.07
PEG ratio
0.01
Dividend Yield
43.56%
Next Earnings Date
2026-11-25
Primary Exchange
New York Stock ExchangeUS
Revenue (CNY) · TTM
02B4B6B8B23 Q424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q1
YRD Revenue (CNY) · TTM by quarter
PeriodRevenue (CNY) · TTM
26 Q15.09B
25 Q45.73B
25 Q36.24B
25 Q26.16B
25 Q15.98B
24 Q45.81B
24 Q35.63B
24 Q25.46B
24 Q15.29B
23 Q44.9B
Net Income (CNY) · TTM
-1B01B2B3B23 Q424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q1
YRD Net Income (CNY) · TTM by quarter
PeriodNet Income (CNY) · TTM
26 Q1-688.35M
25 Q452.7M
25 Q31.25B
25 Q21.29B
25 Q11.34B
24 Q41.58B
24 Q31.82B
24 Q22.02B
24 Q12.14B
23 Q42.08B
Operating Income (CNY) · TTM
01B2B3B23 Q424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q1
YRD Operating Income (CNY) · TTM by quarter
PeriodOperating Income (CNY) · TTM
26 Q11.23B
25 Q41.29B
25 Q31.63B
25 Q21.32B
25 Q11.66B
24 Q41.93B
24 Q32.32B
24 Q22.67B
24 Q12.63B
23 Q42.59B
EBITDA (CNY) · TTM
01B2B3B23 Q424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q1
YRD EBITDA (CNY) · TTM by quarter
PeriodEBITDA (CNY) · TTM
26 Q1179.91M
25 Q4235.67M
25 Q31.64B
25 Q21.33B
25 Q11.39B
24 Q41.65B
24 Q32.05B
24 Q22.4B
24 Q12.63B
23 Q42.6B
Cash Flows (CNY) · TTM
-500M0500M1B1.5B23 Q424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q1
YRD Cash Flows (CNY) · TTM by quarter
PeriodCash Flows (CNY) · TTM
26 Q1-456.36M
25 Q4677.88M
25 Q3884.39M
25 Q2889.87M
25 Q1847.56M
24 Q41B
24 Q31B
24 Q21B
24 Q11.35B
23 Q41.11B
EPS (CNY) · TTM
-40-200204023 Q424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q1
YRD EPS (CNY) · TTM by quarter
PeriodEPS (CNY) · TTM
26 Q1-23.53
25 Q4-9.4
25 Q314.42
25 Q214.82
25 Q115.4
24 Q418.07
24 Q320.7
24 Q222.88
24 Q124.08
23 Q423.3
Expenses (CNY) · TTM
01B2B3BR&DSG&ACapex23 Q424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q1
YRD Expenses (CNY) · TTM by quarter
PeriodExpenses (CNY) · TTM
26 Q11.63B
25 Q41.79B
25 Q32.02B
25 Q22.06B
25 Q11.94B
24 Q41.88B
24 Q31.68B
24 Q21.4B
24 Q11.24B
23 Q41.04B
Shares Outstanding (CNY) · TTM
-40M-30M-20M-10M010MBuybacks (Repurchases)Stock-Based Compensation23 Q424 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q1
YRD Shares Outstanding (CNY) · TTM by quarter
PeriodShares Outstanding (CNY) · TTM
26 Q1-32.07M
25 Q4-32.18M
25 Q3-23.91M
25 Q2-22.7M
25 Q1-17.91M
24 Q4-15.72M
24 Q3-16.2M
24 Q2-3.48M
24 Q1-4.66M
23 Q4-6.75M
Dividends (CNY)
00.511.5Sep 17Apr 18Sep 24Apr 25Sep 25
YRD Dividends (CNY) by quarter
PeriodDividends (CNY)
Sep 250.22
Apr 250.22
Sep 240.2
Apr 180.28
Sep 171.48
Employee Count
010K20K30K40K2016201720182019202020212022202320242025
YRD Employee Count by quarter
PeriodEmployee Count
2025981
2024949
2023754
20221.06K
20213.8K
202013.73K
201931.39K
2018587
20171.04K
2016781
PE Ratio
0102030med 2.15Sep 24Jan 25Apr 25Aug 25Nov 25Mar 26Jun 26
YRD PE Ratio by quarter
PeriodPE Ratio
Jun 2612.87
Jun 2613.19
Jun 2613.65
May 2615.21
May 2617.97
May 2623.31
May 2622.49
May 2622.92
Apr 260.99
Apr 261.05
Apr 260.85
Apr 260.78
Mar 260.81
Mar 260.95
Mar 261.7
Mar 261.84
Feb 261.87
Feb 261.85
Feb 261.75
Feb 261.85
Jan 261.93
Jan 261.87
Jan 261.95
Jan 261.99
Jan 261.87
Dec 251.96
Dec 252.11
Dec 252.16
Dec 252.23
Nov 252.22
Nov 252.18
Nov 252.44
Nov 252.53
Oct 252.66
Oct 252.81
Oct 252.82
Oct 252.81
Oct 253.06
Sep 252.84
Sep 252.87
Sep 252.86
Sep 252.73
Aug 252.78
Aug 252.95
Aug 252.72
Aug 252.62
Aug 252.63
Jul 252.86
Jul 252.8
Jul 252.78
Jul 252.79
Jun 252.7
Jun 252.71
Jun 252.93
Jun 252.75
May 252.46
May 252.45
May 252.44
May 252.47
May 252.53
Apr 252.3
Apr 252
Apr 251.87
Apr 252.14
Mar 252.54
Mar 252.42
Mar 252.55
Mar 252.4
Feb 252.4
Feb 252.64
Feb 252.3
Feb 252.09
Jan 251.98
Jan 251.92
Jan 251.73
Jan 251.64
Jan 251.77
Dec 241.71
Dec 241.65
Dec 241.67
Dec 241.69
Nov 241.75
Nov 241.69
Nov 241.83
Nov 241.88
Nov 241.78
Oct 241.74
Oct 241.79
Oct 241.98
Oct 242.26
Sep 241.57
Sep 241.42
Sep 241.38
Sep 241.38
Aug 241.39
Aug 241.5
Aug 241.41
Aug 241.29
Aug 241.29
Jul 241.37
Free Cash Flow Yield
-100%-50%0%50%100%med 26.75%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
YRD Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 26-77.01%
Sep 26-76.22%
Aug 26-73.88%
Aug 26-68.09%
Aug 26-65.04%
Aug 26-61.37%
Jul 26-69.62%
Jul 26-65.29%
Jul 26-61.6%
Jul 26-61.1%
Jul 26-53.37%
Jun 26-69.14%
Jun 2699.94%
Jun 2697.49%
Jun 2694.25%
May 2684.54%
May 2671.56%
May 2655.19%
May 2657.2%
May 2656.13%
Apr 2671.37%
Apr 2667.04%
Apr 2683.1%
Apr 2690.54%
Mar 2686.98%
Mar 2674.45%
Mar 2641.49%
Mar 2638.34%
Feb 2637.76%
Feb 2638.17%
Feb 2640.39%
Feb 2638.1%
Jan 2636.6%
Jan 2637.67%
Jan 2636.23%
Jan 2635.48%
Jan 2637.71%
Dec 2536.04%
Dec 2533.44%
Dec 2532.61%
Dec 2531.67%
Nov 2531.72%
Nov 2531.56%
Nov 2528.26%
Nov 2527.27%
Oct 2525.92%
Oct 2524.54%
Oct 2524.44%
Oct 2524.54%
Oct 2522.49%
Sep 2524.25%
Sep 2523.99%
Sep 2524.08%
Sep 2525.19%
Aug 2524.8%
Aug 2523.32%
Aug 2523.19%
Aug 2524.08%
Aug 2523.95%
Jul 2522.08%
Jul 2522.52%
Jul 2522.7%
Jul 2522.62%
Jun 2523.38%
Jun 2523.27%
Jun 2521.55%
Jun 2523.03%
May 2525.71%
May 2525.86%
May 2525.97%
May 2525.58%
May 2524.98%
Apr 2523.92%
Apr 2527.49%
Apr 2529.42%
Apr 2525.66%
Mar 2521.6%
Mar 2522.73%
Mar 2521.53%
Mar 2522.84%
Feb 2522.92%
Feb 2520.84%
Feb 2523.85%
Feb 2526.24%
Jan 2527.77%
Jan 2528.55%
Jan 2531.73%
Jan 2533.54%
Jan 2531.06%
Dec 2432.18%
Dec 2433.28%
Dec 2432.88%
Dec 2432.5%
Nov 2431.39%
Nov 2432.54%
Nov 2427.13%
Nov 2426.38%
Nov 2427.88%
Oct 2428.43%
Oct 2427.67%
Price to Sales
00.20.40.60.81med 0.55Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
YRD Price to Sales by quarter
PeriodPrice to Sales
Sep 260.12
Sep 260.12
Aug 260.12
Aug 260.13
Aug 260.14
Aug 260.15
Jul 260.13
Jul 260.14
Jul 260.15
Jul 260.15
Jul 260.17
Jun 260.13
Jun 260.12
Jun 260.12
Jun 260.13
May 260.14
May 260.17
May 260.21
May 260.21
May 260.21
Apr 260.2
Apr 260.21
Apr 260.17
Apr 260.16
Mar 260.16
Mar 260.19
Mar 260.34
Mar 260.37
Feb 260.38
Feb 260.37
Feb 260.35
Feb 260.37
Jan 260.39
Jan 260.38
Jan 260.39
Jan 260.4
Jan 260.38
Dec 250.39
Dec 250.42
Dec 250.43
Dec 250.45
Nov 250.45
Nov 250.46
Nov 250.51
Nov 250.53
Oct 250.56
Oct 250.59
Oct 250.59
Oct 250.59
Oct 250.64
Sep 250.6
Sep 250.6
Sep 250.6
Sep 250.57
Aug 250.58
Aug 250.62
Aug 250.61
Aug 250.59
Aug 250.59
Jul 250.64
Jul 250.63
Jul 250.62
Jul 250.63
Jun 250.61
Jun 250.61
Jun 250.66
Jun 250.75
May 250.67
May 250.67
May 250.66
May 250.67
May 250.69
Apr 250.74
Apr 250.65
Apr 250.6
Apr 250.69
Mar 250.82
Mar 250.78
Mar 250.83
Mar 250.78
Feb 250.78
Feb 250.85
Feb 250.75
Feb 250.68
Jan 250.64
Jan 250.62
Jan 250.56
Jan 250.53
Jan 250.57
Dec 240.55
Dec 240.53
Dec 240.54
Dec 240.55
Nov 240.57
Nov 240.55
Nov 240.68
Nov 240.69
Nov 240.66
Oct 240.64
Oct 240.66
EV/EBITDA
-15-10-505med -0.57Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
YRD EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 26-10.15
Sep 26-10.11
Aug 26-10.01
Aug 26-9.71
Aug 26-9.54
Aug 26-9.31
Jul 26-9.8
Jul 26-9.55
Jul 26-9.32
Jul 26-9.29
Jul 26-8.69
Jun 26-9.77
Jun 26-11.14
Jun 26-11.07
Jun 26-10.97
May 26-10.62
May 26-10
May 26-8.81
May 26-8.99
May 26-8.89
Apr 26-1.57
Apr 26-1.52
Apr 26-1.68
Apr 26-1.73
Mar 26-1.71
Mar 26-1.6
Mar 26-1.03
Mar 26-0.92
Feb 26-0.9
Feb 26-0.91
Feb 26-0.99
Feb 26-0.91
Jan 26-0.85
Jan 26-0.89
Jan 26-0.84
Jan 26-0.81
Jan 26-0.9
Dec 25-0.83
Dec 25-0.71
Dec 25-0.67
Dec 25-0.62
Nov 25-0.63
Nov 25-0.93
Nov 25-0.69
Nov 25-0.6
Oct 25-0.47
Oct 25-0.33
Oct 25-0.32
Oct 25-0.33
Oct 25-0.08
Sep 25-0.29
Sep 25-0.26
Sep 25-0.27
Sep 25-0.4
Aug 25-0.36
Aug 25-0.18
Aug 25-0.25
Aug 25-0.35
Aug 25-0.34
Jul 25-0.12
Jul 25-0.17
Jul 25-0.2
Jul 25-0.19
Jun 25-0.28
Jun 25-0.26
Jun 25-0.05
Jun 250.07
May 25-0.21
May 25-0.22
May 25-0.23
May 25-0.19
May 25-0.14
Apr 250.05
Apr 25-0.21
Apr 25-0.33
Apr 25-0.09
Mar 250.27
Mar 250.16
Mar 250.28
Mar 250.15
Feb 250.14
Feb 250.36
Feb 250.06
Feb 25-0.13
Jan 25-0.23
Jan 25-0.28
Jan 25-0.45
Jan 25-0.53
Jan 25-0.42
Dec 24-0.47
Dec 24-0.52
Dec 24-0.5
Dec 24-0.49
Nov 24-0.43
Nov 24-0.49
Nov 24-0.92
Nov 24-0.88
Nov 24-0.96
Oct 24-0.99
Oct 24-0.95
Price/Operating Cashflow
012345med 3.26Sep 24Jan 25Apr 25Aug 25Nov 25Mar 26Jun 26
YRD Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Jun 260.96
Jun 260.99
Jun 261.02
May 261.14
May 261.35
May 261.75
May 261.68
May 261.72
Apr 261.32
Apr 261.41
Apr 261.14
Apr 261.04
Mar 261.09
Mar 261.27
Mar 262.28
Mar 262.46
Feb 262.5
Feb 262.47
Feb 262.34
Feb 262.48
Jan 262.58
Jan 262.51
Jan 262.61
Jan 262.66
Jan 262.51
Dec 252.62
Dec 252.83
Dec 252.9
Dec 252.98
Nov 252.98
Nov 252.97
Nov 253.32
Nov 253.44
Oct 253.62
Oct 253.82
Oct 253.84
Oct 253.82
Oct 254.17
Sep 253.87
Sep 253.91
Sep 253.89
Sep 253.72
Aug 253.78
Aug 254.02
Aug 254.03
Aug 253.88
Aug 253.9
Jul 254.24
Jul 254.15
Jul 254.12
Jul 254.13
Jun 254
Jun 254.02
Jun 254.34
Jun 254.1
May 253.67
May 253.65
May 253.64
May 253.69
May 253.78
Apr 254.15
Apr 253.61
Apr 253.37
Apr 253.87
Mar 254.6
Mar 254.37
Mar 254.61
Mar 254.35
Feb 254.33
Feb 254.77
Feb 254.16
Feb 253.78
Jan 253.58
Jan 253.48
Jan 253.13
Jan 252.96
Jan 253.2
Dec 243.09
Dec 242.98
Dec 243.02
Dec 243.05
Nov 243.16
Nov 243.05
Nov 243.69
Nov 243.79
Nov 243.59
Oct 243.52
Oct 243.61
Oct 244
Oct 244.56
Sep 243.18
Sep 242.87
Sep 242.79
Sep 242.79
Aug 242.8
Aug 243.02
Aug 242.24
Aug 242.04
Aug 242.04
Jul 242.17
Price to Book
00.20.40.6med 0.33Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
YRD Price to Book by quarter
PeriodPrice to Book
Sep 260.07
Sep 260.07
Aug 260.07
Aug 260.08
Aug 260.08
Aug 260.08
Jul 260.07
Jul 260.08
Jul 260.08
Jul 260.09
Jul 260.1
Jun 260.08
Jun 260.07
Jun 260.07
Jun 260.08
May 260.09
May 260.1
May 260.13
May 260.13
May 260.13
Apr 260.12
Apr 260.13
Apr 260.1
Apr 260.09
Mar 260.1
Mar 260.11
Mar 260.21
Mar 260.22
Feb 260.23
Feb 260.22
Feb 260.21
Feb 260.22
Jan 260.23
Jan 260.23
Jan 260.24
Jan 260.24
Jan 260.23
Dec 250.24
Dec 250.26
Dec 250.26
Dec 250.27
Nov 250.27
Nov 250.28
Nov 250.32
Nov 250.33
Oct 250.34
Oct 250.36
Oct 250.36
Oct 250.36
Oct 250.4
Sep 250.37
Sep 250.37
Sep 250.37
Sep 250.35
Aug 250.36
Aug 250.38
Aug 250.37
Aug 250.36
Aug 250.36
Jul 250.39
Jul 250.39
Jul 250.38
Jul 250.38
Jun 250.37
Jun 250.37
Jun 250.4
Jun 250.46
May 250.41
May 250.41
May 250.4
May 250.41
May 250.42
Apr 250.45
Apr 250.39
Apr 250.37
Apr 250.42
Mar 250.5
Mar 250.47
Mar 250.5
Mar 250.47
Feb 250.47
Feb 250.52
Feb 250.45
Feb 250.41
Jan 250.39
Jan 250.38
Jan 250.34
Jan 250.32
Jan 250.35
Dec 240.33
Dec 240.32
Dec 240.33
Dec 240.33
Nov 240.34
Nov 240.33
Nov 240.41
Nov 240.42
Nov 240.4
Oct 240.39
Oct 240.4
Yiren Digital Ltd.
YRD
Stockpicker

Video analysis: YRD

All videos

No video analysis for this stock yet. Request one from our team.

Your email is used only to follow up on this request. We do not add you to marketing lists. Privacy Policy

News: YRD

Yirendai (NYSE:YRD) & Regional Management (NYSE:RM) Critical Survey

defenseworld.net · 9 Sep 2026

Yirendai (NYSE:YRD) & Regional Management (NYSE:RM) Critical Survey

Regional Management (NYSE: RM - Get Free Report) and Yirendai (NYSE: YRD - Get Free Report) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, risk, institutional ownership, analyst recommendations, earnings, profitability and dividends. Analyst Recommendations This is a breakdown of current

Yiren Digital Upgrades Enterprise AI Across Core Business Functions

prnewswire.com · 18 Aug 2026

Yiren Digital Upgrades Enterprise AI Across Core Business Functions

Shared enterprise AI operating model accelerates deployment, strengthens operating leverage and supports scalable expansion across businesses BEIJING, Aug. 18, 2026 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced continued progress in upgrading AI capabilities across core enterprise functions, establishing a shared operating model that enables AI capabilities developed within one business to be rapidly deployed across additional functions.

Yiren Digital's AI-Enabled Fraud Detection Framework Helped Avoid RMB165 Million in Potential Fraud-Related Losses in 2025

prnewswire.com · 12 Aug 2026

Yiren Digital's AI-Enabled Fraud Detection Framework Helped Avoid RMB165 Million in Potential Fraud-Related Losses in 2025

Hawkeye and DiTing helped prevent RMB165M (approximately US$23M) in fraud losses in 2025, reinforcing Yiren Digital's credit-risk discipline BEIJING, Aug. 12, 2026 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced that its AI-powered fraud detection systems intercepted 10,300 fraudulent borrowers across 14,500 cases in 2025, helping avoid RMB165 million (US$23 million) in fraud-related losses and demonstrating how enterprise AI can strengthen credit-risk management through AI-led fraud detection and intelligent decision-making.

Yiren Digital's AI Agents Deliver Measurable Gains Across Customer Operations

prnewswire.com · 4 Aug 2026

Yiren Digital's AI Agents Deliver Measurable Gains Across Customer Operations

AI-enabled customer operations achieve a 98.7% answer rate, nearly 80% autonomous problem resolution and approximately 1,500 hours of daily speech-to-text processing BEIJING, Aug. 4, 2026 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced the continued expansion of AI deployment across customer operations, including intelligent customer service, outbound communications, quality controls and workflow automation.

Yiren Digital Releases 2025 ESG Report: Advancing Responsible AI and Sustainable Growth

prnewswire.com · 30 Jul 2026

Yiren Digital Releases 2025 ESG Report: Advancing Responsible AI and Sustainable Growth

BEIJING, July 30, 2026 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced the publication of its 2025 Environmental, Social and Governance ("ESG") Report, the Company's third annual ESG report.

Yiren Digital Accelerates Operating Efficiency Through AI Agent Deployment

prnewswire.com · 23 Jul 2026

Yiren Digital Accelerates Operating Efficiency Through AI Agent Deployment

Broader AI adoption improves productivity across asset recovery and enterprise operations BEIJING, July 23, 2026 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced measurable operating efficiency improvements as it continues to deploy AI agents across core enterprise workflows.

Yiren Digital Advances AI Entertainment Strategy Through Warrant Agreement with an AI-Native Entertainment and Emotional Wellness Platform

prnewswire.com · 8 Jul 2026

Yiren Digital Advances AI Entertainment Strategy Through Warrant Agreement with an AI-Native Entertainment and Emotional Wellness Platform

Staged Investment Rights Provide a Pathway Toward Potential Majority Ownership in a Fast-Growing, Internationally Focused AI Application Company BEIJING, July 8, 2026 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced that it has entered into a warrant agreement with a privately held AI-native company (the "Target Company") focused on immersive AI entertainment and emotional wellness with a predominantly international footprint.

Yiren Digital Announces New $20 Million Share Repurchase Program

prnewswire.com · 2 Jul 2026

Yiren Digital Announces New $20 Million Share Repurchase Program

BEIJING, July 2, 2026 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading fintech company specializing in digital consumer lending, insurance and financial technology innovation across China and global markets, today announced that its board of directors has authorized a new share repurchase program, under which the Company may repurchase up to 10% of total issued and outstanding Ordinary Shares and/or American depositary shares ("ADSs") for up to US$20 million over the next 12 months, effective as of the date hereof.

Similar companies

Disclaimer: The historical data presented on this platform is provided by Financial Modeling Prep. Stock Picker is a platform for informational purposes only and does not provide financial advice. Users are encouraged to conduct their own research and consult with a qualified financial advisor before making investment decisions.