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.
Key facts about XChange TEC.INC
- Net worth
- XChange TEC.INC has a market value (market cap) of $175.3M at the latest share price, and shareholders' equity of -$123.6M on its balance sheet at September 30, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $51.3M (+24.9% year on year), with a net loss of $105.1M.
- Cash flow
- In fiscal 2025 operations used $1.6M of cash.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on January 14, 2026 and covers the period to September 30, 2025. Open on SEC EDGAR
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $51.3M | -$105.1M | $0.00 | n/a |
| 2024 | $41.1M | -$32.3M | $0.00 | n/a |
| 2023 | n/a | -$9.8M | $0.00 | n/a |
| 2022 | $91.7M | $115.3M | $0.01 | n/a |
| 2021 | $160.8M | -$88.3M | -$0.06 | n/a |
| 2020 | $177.9M | -$225.9M | -$0.17 | -$6.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where XHG ranks in Finance
Latest SEC filings
What XChange TEC.INC has filed recently, newest first. Each links to the original document on SEC EDGAR.
- July 16, 2026
- April 17, 2026
- April 7, 2026
- March 11, 2026Form F-3/A filing F-3/A
- January 14, 2026Annual report (foreign issuer) 20-F · period to September 30, 2025Revenue rose 25% to $51.3M versus the prior year; diluted EPS $0.00 versus $0.00.
- October 29, 2025Form F-3/A filing F-3/A
- September 9, 2025Form F-3 filing F-3
- September 3, 2025
- June 12, 2025
- May 16, 2025
Insider trades
What the people running XChange TEC.INC did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns XHG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Golden Stream Ltd.13D, may seek influence with 1 related filers | 9.59% | May 13, 2025 |
Largest institutional holders
Insiders
Questions about XHG
What does XChange TEC.INC do?
XChange TEC.INC is a company in the Finance sector, listed on NASDAQ as XHG. Its shares trade on NASDAQ under the ticker XHG.
What is XChange TEC.INC's net worth?
XChange TEC.INC has a market value (market cap) of $175.3M at the latest share price, and shareholders' equity of -$123.6M on its balance sheet at September 30, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
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.