Saturday 17 October 2026 Export XHG’s income statement to Excel — free account

XChange TEC.INC. Sponsored ADR

XChange TEC.INC. Sponsored ADR’s revenue for fiscal 2025 (year ended September 2025) was $51.3 million, up 24.9% from fiscal 2024.

2.02 0.33 +19.53%

Follow XHG

Alert me

Market cap: $78.8M
P/E: 0.0×
Fwd P/E: 0.0×
Dividend yield: —
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 78.75

Revenue 194.00

Net Income (17.95)

Free Cash Flow (5.36)

Net Debt 3.97

Current Ratio 0.04

Debt/Equity (0.04)

P/E ratio 0.00

Fwd P/E 0.00

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth (239.30%)

Next Y EPS Growth —

Next Y revenue growth 354.43%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	0	1	2	1
Receivables	—	5	3	3
Inventory	—	—	—	—
Other	1	3	1	0
	12	10	6	5

	2023	2024	2025	Q'26
Payables	0	5	4	4
ST’ Debt	6	5	5	5
Other	23	23	23	23
	100	191	133	136

Compound Annual Growth %

	10y	5y	3y
Sales	—	(21.54%)	(31.67%)
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	51
’24	—	—	—	—	41
’22	—	—	—	—	92
’21	—	—	—	—	161
’20	—	—	—	—	178
’19	—	—	47	—	173

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	—	—	—	—
’25	(1)	—	(2)	—	(2)
’24	0	—	(1)	—	(1)
’23	—	—	—	—	(5)
’22	—	—	—	—	(6)
’21	—	—	—	—	(17)
’20	—	—	—	—	8

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	—	—	—	—
’25	(1)	—	(2)	—	(2)
’24	0	—	(1)	—	(1)
’23	(4)	—	0	—	(5)
’22	(4)	—	0	—	(6)
’21	(1)	—	0	—	(17)
’20	—	—	(15)	—	(7)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	(5.02)
’24	—	—	—	—	(369.20)
’23	—	—	—	—	(16.72k)
’22	—	—	—	—	24.00k
’21	—	—	—	—	(144.00k)
’20	—	—	—	—	(408.00k)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	784,000.00	200,000.00	21,440.00	9,616.00	416.00	12.80	0.81	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	1,635,040.00	1,228,000.00	318,400.00	61,920.00	64,960.00	1,200.00	61.60
People
People	Employees	—	—	1,222,000,000	775	248	40	28	19	19	30
	Revenue/emp, $m	—	0.00	0.00	0.22	0.72	4.02	3.28	0.00	2.16	1.71
Income, $m
Income, $m	Revenue	—	77	173	173	178	161	92	—	41	51
	Gross margin, %	—	0.00	(5.77)	(5.77)	0.38	8.35	(9.00)	—	4.67	2.19
	EBT	—	(36)	(70)	(70)	(226)	(88)	115	(4)	(87)	(105)
	EBT margin, %	—	(46.97)	(40.39)	(40.39)	(126.96)	(54.93)	125.70	0.00	(212.45)	(204.88)
	Net income	—	0	0	(70)	(226)	(88)	115	(4)	(87)	(105)
	Depreciation	—	—	—	30	39	12	4	—	0	0
Per share, $
Per share, $	Revenue	—	0.51	71,921.25	863,055.00	296,521.67	268,028.33	21,326.28	0.00	469.62	2.45
	Earnings	—	(0.03)	(405.88)	(624,000.00)	(408,000.00)	(144,000.00)	24,000.00	(16,724.00)	(369.20)	(5.02)
	Cash flow	—	(0.04)	(7,456.83)	(61,690.00)	13,463.33	(28,361.67)	(1,294.19)	(467.01)	(15.92)	(0.08)
	Capex	—	0.00	0.00	(239,465.00)	(24,343.33)	0.00	0.00	0.00	0.00	0.00
	Free cash flow	—	(0.04)	(7,456.83)	(301,155.00)	(10,880.00)	(28,361.67)	(1,294.19)	(467.01)	(15.92)	(0.08)
	Book value	—	(0.82)	(130,365.83)	(1,564,390.00)	(489,583.33)	(642,755.00)	(18,728.37)	(7,537.61)	(906.41)	(5.90)
	Shares, m	—	150	0	0	0	0	0	0	0	21
Valuation, ×
Valuation, ×	P/E	—	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00
	P/S	—	0.00	0.00	0.00	0.00	0.03	0.02	—	0.00	0.00
	P/B	—	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00
	EV/Sales	—	0.00	0.00	0.00	0.00	0.52	0.28	—	0.29	0.29
	EV/FCF	—	0.00	0.00	0.00	(45.07)	(3.78)	(1.36)	—	(3.97)	(12.52)
Cash, $m
Cash, $m	Operating cash flow	—	(6)	(18)	(12)	8	(17)	(6)	(5)	(1)	(2)
	Capex	—	(42)	(103)	(48)	(15)	(1)	—	—	—	—
	Free cash flow	—	(6)	(18)	(60)	(7)	(17)	(6)	(5)	(1)	(2)
Balance, $m
Balance, $m	Working capital	—	—	(154)	(154)	(259)	(337)	(84)	(88)	(181)	(128)
	Total debt	—	212	240	105	211	167	15	6	5	5
	Net debt	—	157	205	69	206	164	15	6	3	3
	Shareholders’ equity	—	(122)	(313)	(313)	(294)	(386)	(81)	(88)	(79)	(124)
Returns, %
Returns, %	ROA	—	(20.79)	0.00	(44.76)	(119.80)	(96.07)	320.04	(77.66)	(52.43)	(173.34)
	ROIC	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	—	26.09	31.25	35.43	73.86	26.00	(49.45)	11.59	38.59	103.60

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Sep 2019

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CRD.A Crawford & Company	$581.9M	26.1×	—	−1.37% (below 0%: shrinking)	+75.00% (above 0%: growing)	−51.68% (below 0%: shrinking)	28.78%	7.68%	Compare
CRD.B Crawford & Company	$581.0M	24.4×	11.9×	−1.37% (below 0%: shrinking)	+75.00% (above 0%: growing)	−51.68% (below 0%: shrinking)	28.78%	7.68%	Compare
XHG XChange TEC.INC. Sponsored ADR	$78.8M	— (loss-making)	— (loss-making)	−69.19% (below 0%: shrinking)	n/m	−324.48% (below 0%: shrinking)	0.00%	0.00%
AIFU AIFU Inc. - Sponsored ADR	$67.1M	0.0×	11.0×	−15.11% (below 0%: shrinking)	n/m	−96.62% (below 0%: shrinking)	36.32%	2.74%	Compare
SLQT SelectQuote, Inc.	$60.9M	— (loss-making)	— (loss-making)	−6.79% (below 0%: shrinking)	n/m	+80.58% (above 0%: growing)	32.15%	1.07%	Compare
EHTH eHealth, Inc.	$19.4M	— (loss-making)	— (loss-making)	−44.78% (below 0%: shrinking)	n/m	+83.77% (above 0%: growing)	100.00%	(81.80%)	Compare
HUIZ Huize Holding Limited Sponsored ADR	$12.3M	57.7×	— (loss-making)	+42.24% (above 0%: growing)	n/m	−115.73% (below 0%: shrinking)	27.47%	3.61%	Compare
ZBAO Zhibao Technology Inc.	$8.5M	—	—	—	—	−1,040.72% (below 0%: shrinking)	—	—	Compare
GOCOQ GoHealth, Inc.	$8.5M	— (loss-making)	— (loss-making)	−94.61% (below 0%: shrinking)	n/m	+145.21% (above 0%: growing)	30.18%	(292.04%)	Compare
Median of peers	$40.1M	25.2×	—	−6.79%	—	−51.68%	30.18%	2.74%

All 22 Insurance Brokers stocks →

XChange TEC.INC. Sponsored ADR (XHG) key facts

Strength: XChange TEC.INC. Sponsored ADR’s revenue for fiscal 2025 (year ended September 2025) was $51.3 million, up 24.9% from fiscal 2024.
XChange TEC.INC. Sponsored ADR (XHG) is an Insurance Brokers company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, XHG traded at $2.02, a market capitalization of $78.8 million.
Return on equity was 103.6% and debt-to-equity -0.04.

Source: company filings (standardised) and stockrow calculations.