XHG
XChange TEC.INC
NASDAQ: XHG · FINANCIAL SERVICES · INSURANCE BROKERS
$1.06
+0.17% today
Updated 2026-04-29
Market cap
$54.61M
P/E ratio
0.00
P/S ratio
0.15x
EPS (TTM)
$0.00
Dividend yield
—
52W range
$1 – $3
Volume
0.0M
XChange TEC.INC (XHG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $522.74M | $889.94M | $1.23B | $1.21B | $1.04B | $652.33M | $0.00 | $288.37M | $365267.00 |
| Revenue growth (YoY) | — | +70.2% | +38.6% | -2.1% | -14.2% | -37.0% | -100.0% | — | -99.9% |
| Cost of revenue | — | — | $1.35B | $1.22B | $949.65M | $711.00M | $0.00 | $274.90M | $357266.00 |
| Gross profit | $522.74M | $889.94M | $1.23B | $-9.70M | $86.55M | $-58.67M | $0.00 | $13.47M | $8001.00 |
| Gross margin | 100.0% | 100.0% | 100.0% | -0.8% | 8.4% | -9.0% | — | 4.7% | 2.2% |
| R&D | $44.16M | $51.95M | $47.03M | $24.93M | $192000.00 | $22000.00 | $46000.00 | $24000.00 | $0.00 |
| SG&A | $71.81M | $120.70M | $155.22M | $102.77M | $27.53M | $29.32M | $25.67M | $16.09M | $32472.00 |
| Operating income | $-189.55M | $-426.44M | $-448.31M | $-1.50B | $-27.34M | $-29.36M | $-25.73M | $-588.82M | $-34386.00 |
| Operating margin | -36.3% | -47.9% | -36.3% | -124.2% | -2.6% | -4.5% | — | -204.2% | -9.4% |
| EBITDA | — | — | — | $-1.14B | $51.92M | $-1.96M | $1.67M | $-586.25M | $-33.55M |
| EBITDA margin | 0.0% | 0.0% | 0.0% | -94.4% | 5.0% | -0.3% | — | -203.3% | -9185.1% |
| EBIT | — | — | — | $-1.40B | $-27.34M | $-29.36M | $-25.73M | $-586.51M | $-33.94M |
| Interest expense | $50.14M | $77.17M | $91.91M | $130.53M | $103.23M | $42.05M | $1.57M | $26.11M | $27525.00 |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-245.47M | $-499.86M | $-498.24M | $-1.53B | $-569.17M | $820.02M | $-71.31M | $-226.82M | $-748414.00 |
| Net income growth (YoY) | — | -103.6% | +0.3% | -207.8% | +62.9% | +244.1% | -108.7% | -218.1% | +99.7% |
| Profit margin | -47.0% | -56.2% | -40.4% | -127.0% | -54.9% | 125.7% | — | -78.7% | -204.9% |