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XChange TEC.INC (XHG)

XChange TEC.INC reported revenue of $51.3M in fiscal 2025, up 24.9% from a year earlier. It posted a net loss of $105.1M. At September 30, 2025 it held $1.5M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on January 14, 2026.

Revenue (FY2025)
$51.3M
+24.9% year on year
Net margin
-204.9%

What XChange TEC.INC does

XChange TEC.INC is registered with the SEC under industry code SIC 6411 (Insurance Agents, Brokers & Service). Its shares trade on NASDAQ under the ticker XHG.

Revenue and profit by year

Revenue
FY19: $172.6M $172.6M FY19FY20: $177.9M $177.9M FY20FY21: $160.8M $160.8M FY21FY22: $91.7M $91.7M FY22FY24: $41.1M $41.1M FY24FY25: $51.3M $51.3M FY25
Net income
FY19: -$69.7M -$69.7M FY19FY20: -$225.9M -$225.9M FY20FY21: -$88.3M -$88.3M FY21FY22: $115.3M $115.3M FY22FY23: -$9.8M -$9.8M FY23FY24: -$32.3M -$32.3M FY24FY25: -$105.1M -$105.1M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$51.3M-$101.2M-$105.1M$0.00n/a
2024$41.1M-$83.9M-$32.3M$0.00n/a
2023n/a-$3.5M-$9.8M$0.00n/a
2022$91.7M-$34.3M$115.3M$0.01n/a
2021$160.8M-$62M-$88.3M-$0.06n/a
2020$177.9M-$221M-$225.9M-$0.17-$6.5M

Latest SEC filings

What XChange TEC.INC has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. July 16, 2026
  2. April 17, 2026
  3. April 16, 2026
  4. April 7, 2026
  5. March 11, 2026
  6. January 14, 2026
    Annual report (foreign issuer) 20-F · period to September 30, 2025
  7. October 29, 2025
  8. September 9, 2025
  9. September 3, 2025
  10. June 12, 2025

Recent insider filings (Forms 3, 4 and 144): 8, the latest on March 17, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about XHG

What does XChange TEC.INC do?

XChange TEC.INC is registered with the SEC under industry code SIC 6411 (Insurance Agents, Brokers & Service). Its shares trade on NASDAQ under the ticker XHG.

Is XChange TEC.INC profitable?

No. In fiscal 2025 it reported a net loss of $105.1M on revenue of $51.3M.

How much revenue does XChange TEC.INC make?

In fiscal 2025 XChange TEC.INC reported revenue of $51.3M. That is 24.9% more than a year earlier.

When did XChange TEC.INC last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on January 14, 2026. It covers the period to September 30, 2025. Its newest filing of any kind is the foreign issuer update from July 16, 2026.

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Where the numbers come from

Financial figures are the values XChange TEC.INC tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.