XTKGFOTCServices-Computer Programming ServicesFiscal year ends December 31
X3 Holdings Co., Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 27, 2026
$0.01+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
64.3%+29.1 pts over 5 years
Operating margin
-510.9%−498.5 pts over 5 years
Net margin
-416.4%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -45.8% | -15.6% | -25.1% | – | |
| Gross profit | -12.5% | +2.4% | -15.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -479.7% | – | -64.4% | |
| Return on assets | – | – | -35.4% | |
| Current ratio | – | 1.04 | 0.93 | |
| Interest coverage | 1020.5× | -16.2× | – | |
| Capex to revenue | 5.9% | 6.1% | 3.6% | |
| Diluted shares | 0M | 0M | 0M |
Where the cash went
Fiscal 2021 to 2025, five years combined
X3 Holdings generated $34.80M from operations and spent $6.35M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$34.80M
Used
$6.35M
Capital expenditure$6.35M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-416.4%
×Asset turnover0.09×
×Equity multiplier1.82×
=Return on equity, FY2025-64.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -416.4% | 0.09× | 1.82× | -64.4% |
| FY2024 | -656.6% | 0.09× | 1.47× | -85.3% |
| FY2023 | -651.4% | 0.11× | 1.30× | -93.0% |
| FY2022 | -205.2% | 0.09× | 1.32× | -23.1% |
| FY2021 | -29.1% | 0.29× | 1.42× | -12.0% |
| FY2019 | -53.7% | 0.69× | 4.72× | -174.9% |
| FY2018 | 6.7% | 0.93× | 4.26× | 26.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$26.20M
- Cash generatingOperating cash flow above zero-$3.24M
- Return on assets improvedROA up on the prior year-43.3% → -30.3%
- Earnings backed by cashOperating cash flow above net income-$3.24M vs -$26.20M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.74 → 0.93
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year39.80% → 64.30%
- More efficientAsset turnover rose0.07 → 0.07