XHGNasdaqInsurance Agents, Brokers & Service

XChange TEC.INC

Financials through fiscal 2025, year ended Sep 30, 2025Last filing: 20-F on Jan 14, 2026

$3.20+1.20 (+60.00%)

Close on Oct 19, 2026

XChange TEC.INC income statement

AnnualQuarterlyTTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30	FY 2020 2020-09-30	FY 2019 2019-09-30	FY 2018 2018-09-30	FY 2017 2017-09-30
Revenue	365	288	–	652	1,036	1,208	1,234	890	523
Cost of Revenue	357	275	–	711	950	1,203	1,305	898	548
Gross Profit	8.00	13	–	-59	87	4.55	-71	-8.02	-25
Research & Development	–	0.02	0.05	0.02	7.77	25	47	52	44
Selling, General & Admin	42	27	23	29	28	166	244	203	76
Selling & Marketing	9.92	11	0.02	0.01	0.01	64	135	118	42
General & Administrative	32	16	23	29	28	103	108	85	34
Advertising Expenses	–	–	–	0	0	11	40	35	8.83
Operating Expenses	728	602	24	29	–	–	–	–	–
Total Costs & Expenses	–	–	–	896	1,436	2,709	1,682	1,316	712
Operating Income	-720	-589	-24	-29	-27	-1,501	-448	-426	-190
Interest Expense	28	26	1.57	42	103	134	114	93	–
Other Non-Operating Income	-28	-24	-1.57	-466	–	–	–	–	–
Asset Impairment Charges	686	575	–	100	200	847	46	51	23
Gain (Loss) on Investments	–	-0.39	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	0	19	454	–	–	–
Pretax Income	-748	-613	-25	-495	-131	-1,534	-498	-498	-245
Income Tax Expense	0.05	0.55	–	0.02	0.03	0.01	0.06	2.39	0.60
Income from Continuing Operations	-748	-613	-25	-495	-131	–	–	–	–
Income from Discontinued Operations	–	386	-46	1,315	-439	–	–	–	–
Net Income incl. Noncontrolling Interests	-748	-227	-71	820	-569	-1,534	-498	-500	-245
Minority Interest in Earnings	–	–	–	-0.04	-0.03	-0.05	-0.10	-0.06	0.04
Net Income	-748	-227	-71	820	-569	-1,534	-498	-500	-245
Net Income to Common	-748	-227	-71	820	-569	-1,534	-806	-635	-304
EPS (Basic)(per share)	0.00	0.00	0.00	0.00	0.00	-0.01	-0.02	-0.02	-0.0086
EPS (Diluted)(per share)	0.00	0.00	0.00	0.00	0.00	-0.01	-0.02	-0.02	-0.0086
Shares Outstanding (Basic, Weighted)(shares)	50,254	238	28	1,025,842	146,069	135,113	43,045	40,940	35,486
Shares Outstanding (Diluted, Weighted)(shares)	50,254	238	28	1,025,842	146,069	135,113	43,045	40,940	35,486
EBITDA	–	-589	–	-1.96	52	-1,238	-233	-274	-88
Net Interest Income	–	–	0.02	-25	-24	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Mar 31, 2026

Profitability, FY2025

Gross margin: 2.2%
Operating margin: -197.2%
Net margin: -204.9%
Return on equity, FY2025: 104.2%

Financial strength

Current ratio: 0.04
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 0.5%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.