stockrow
Friday 6 November 2026
Export XHG’s income statement to Excel — free account
XChange TEC.INC. Sponsored ADR
XHG Financial Insurance Brokers
XChange TEC.INC. Sponsored ADR’s revenue for fiscal 2025 (year ended September 2025) was $51.3 million, up 24.9% from fiscal 2024.
3.31
0.08
+2.48%
Follow XHG
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Mar ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | 77 | 173 | 173 | 178 | 161 | 92 | — | 41 | 51 | 194 | (4.9%) | — | — | — | — | |
| Gross margin, % | — | 0.00 | (5.77) | (5.77) | 0.38 | 8.35 | (9.00) | — | 4.67 | 2.19 | 0.00 | +2.2 pt | ||||||
| EBT | — | (36) | (70) | (70) | (226) | (88) | 115 | (4) | (87) | (105) | 73 | +14.4% | ||||||
| EBT margin, % | — | (46.97) | (40.39) | (40.39) | (126.96) | (54.93) | 125.70 | 0.00 | (212.45) | (204.88) | 37.67 | (157.9) pt | ||||||
| Net income | — | 0 | 0 | (70) | (226) | (88) | 115 | (4) | (87) | (105) | (18) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 517,524.48 | 1,011,876.78 | 962,401.81 | 316,025.83 | 264,231.33 | 21,454.29 | 0.00 | 413.95 | 2.45 | 0.00 | (78.4%) | |||||
| Earnings | — | (302,048.03) | (569,832.22) | (628,420.70) | (401,218.70) | (145,139.34) | 26,969.05 | (836.26) | (325.60) | (5.02) | 7,542.62 | (74.7%) | ||||||
| Cash flow | — | (43,275.04) | (104,911.92) | (68,791.18) | 14,348.90 | (27,959.88) | (1,301.95) | (467.50) | (14.03) | (0.08) | 0.00 | (80.8%) | ||||||
| Capex | — | 0.00 | 0.00 | (267,029.97) | (25,944.55) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | (43,275.04) | (104,911.92) | (335,821.15) | (11,595.65) | (27,959.88) | (1,301.95) | (467.50) | (14.03) | (0.08) | 0.00 | (80.8%) | ||||||
| Book value | — | (827,075.68) | (1,834,147.20) | (1,744,467.94) | (521,786.43) | (633,649.46) | (18,840.79) | (7,545.47) | (798.95) | (5.90) | 0.00 | (77.3%) | ||||||
| Shares, m | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 0 | +340.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.91 | — | 0.02 | 0.00 | 0.00 | 0.5 | |||||
| P/S | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 | — | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| P/B | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.52 | 0.28 | — | 0.29 | 0.29 | — | 0.2 | ||||||
| EV/FCF | — | 0.00 | 0.00 | 0.00 | (45.07) | (3.78) | (1.36) | — | (3.97) | (12.52) | — | (8.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | (6) | (18) | (12) | 8 | (17) | (6) | (5) | (1) | (2) | (5) | (15.6%) | |||||
| Capex | — | (42) | (103) | (48) | (15) | (1) | — | — | — | — | 0 | (60.7%) | ||||||
| Free cash flow | — | (6) | (18) | (60) | (7) | (17) | (6) | (5) | (1) | (2) | (5) | (15.6%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | (154) | (154) | (259) | (337) | (84) | (88) | (181) | (128) | (131) | (2.6%) | |||||
| Net debt | — | 157 | 205 | 69 | 206 | 164 | 15 | 6 | 3 | 3 | 4 | (39.6%) | ||||||
| Shareholders’ equity | — | (122) | (313) | (313) | (294) | (386) | (81) | (88) | (79) | (124) | (126) | +0.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | (20.79) | 0.00 | (44.76) | (119.80) | (96.07) | 320.04 | (77.66) | (52.43) | (173.34) | 0.00 | (152.5) pt | |||||
| ROIC | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | 26.09 | 43.58 | 35.43 | 73.86 | 26.00 | (49.45) | 11.59 | 38.59 | 103.60 | 0.00 | +77.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 1,222,000,000 | 775 | 248 | 40 | 28 | 19 | 19 | 30 | — | (91.8%) | |||||
| Revenue/emp, $m | — | 0.00 | 0.00 | 0.22 | 0.72 | 4.02 | 3.28 | 0.00 | 2.16 | 1.71 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2025 · latest quarter Sep 2019 · fundamentals updated 26 Oct 2026
XChange TEC.INC. Sponsored ADR vs peers in Insurance Brokers (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TWFG TWFG, Inc. | $1.6B | 51.3× | 36.1× | +24.63% (above 0%: growing) | −18.18% (below 0%: shrinking) | +0.49% (above 0%: growing) | 47.58% | 11.30% | Compare |
| CRD.B Crawford & Company | $557.3M | 20.6× | 13.4× | −0.87% (below 0%: shrinking) | +24.84% (above 0%: growing) | −102.26% (below 0%: shrinking) | 29.90% | 8.18% | Compare |
| CRD.A Crawford & Company | $543.8M | 21.3× | — | −0.87% (below 0%: shrinking) | +24.84% (above 0%: growing) | −102.26% (below 0%: shrinking) | 29.90% | 8.18% | Compare |
| TREE LendingTree, Inc. | $543.8M | 5.2× | 7.9× | +11.63% (above 0%: growing) | n/m | +16.84% (above 0%: growing) | 96.60% | (20.45%) | Compare |
| AIFU AIFU Inc. - Sponsored ADR | $436.5M | 0.0× | 11.0× | −15.11% (below 0%: shrinking) | n/m | −96.62% (below 0%: shrinking) | 36.32% | 2.74% | Compare |
| XHG XChange TEC.INC. Sponsored ADR | $150.5M | 0.0× | — (loss-making) | −69.19% (below 0%: shrinking) | n/m | −324.48% (below 0%: shrinking) | 0.00% | 0.00% | |
| SLQT SelectQuote, Inc. | $69.9M | 4.6× | — (loss-making) | −14.84% (below 0%: shrinking) | n/m | +18.67% (above 0%: growing) | 22.50% | (10.21%) | Compare |
| HUIZ Huize Holding Limited Sponsored ADR | $19.5M | 77.7× | 112× | +42.24% (above 0%: growing) | n/m | −115.73% (below 0%: shrinking) | 27.47% | 3.61% | Compare |
| EHTH eHealth, Inc. | $16.7M | — (loss-making) | — (loss-making) | −60.49% (below 0%: shrinking) | n/m | +54.52% (above 0%: growing) | 100.00% | (217.76%) | Compare |
| Median of peers | $490.1M | 20.6× | 13.4× | −0.87% | +24.84% | −48.06% | 33.11% | 3.18% |