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XHG

XChange·NASDAQ
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XHG fundamentals

During FY 2025, XChange (XHG) reported revenue of 51.31M, a YoY change of 24.86%. Net income was -105.13M, a YoY change of -225.26%. Click to view the full income statement and explore the company's earnings performance.
Income Statement
FY,2017
9M,2018
FY,2018
H1,2019
9M,2019
FY,2019
H1,2020
FY,2020
H1,2021
FY,2021
H1,2022
FY,2022
H1,2023
FY,2023
H1,2024
FY,2024
H1,2025
FY,2025
TTM
Start Date
Oct 1, 2016
Oct 1, 2017
Oct 1, 2017
Oct 1, 2018
Oct 1, 2018
Oct 1, 2018
Oct 1, 2019
Oct 1, 2019
Oct 1, 2020
Oct 1, 2020
Oct 1, 2021
Oct 1, 2021
Oct 1, 2022
Oct 1, 2022
Oct 1, 2023
Oct 1, 2023
Oct 1, 2024
Oct 1, 2024
--
End Date
Sep 30, 2017
Jun 30, 2018
Sep 30, 2018
Mar 31, 2019
Jun 30, 2019
Sep 30, 2019
Mar 31, 2020
Sep 30, 2020
Mar 31, 2021
Sep 30, 2021
Mar 31, 2022
Sep 30, 2022
Mar 31, 2023
Sep 30, 2023
Mar 31, 2024
Sep 30, 2024
Mar 31, 2025
Sep 30, 2025
--
Fiscal Year-End
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
Sep 30
--
Revenue
78.57M
--
89.62M
--
129.58M
+64.92%
87.71M
--
130.80M
+45.95%
172.61M
+33.21%
88.56M
+0.97%
177.91M
+3.07%
93.90M
+6.02%
--
--
57.45M
-38.81%
--
--
--
--
--
--
10.63M
--
41.09M
--
24.21M
+127.76%
51.31M
+24.86%
51.31M
--
Sales and Services Revenue
78.57M
--
89.62M
--
129.58M
+64.92%
87.71M
--
130.80M
+45.95%
172.61M
+33.21%
88.56M
+0.97%
177.91M
+3.07%
93.90M
+6.02%
--
--
57.45M
-38.81%
0
--
0
-100.00%
0
--
10.63M
--
41.09M
--
24.21M
+127.76%
51.31M
+24.86%
51.31M
--
Cost of Revenue
82.31M
--
90.96M
--
130.75M
+58.85%
94.23M
--
139.71M
+53.59%
182.58M
+39.64%
96.35M
+2.25%
177.24M
-2.92%
104.43M
+8.39%
--
--
63.99M
-38.72%
--
--
--
--
--
--
10.05M
--
39.17M
--
23.62M
+135.02%
50.18M
+28.11%
50.18M
--
Cost of Goods and Services
81.28M
--
--
--
129.41M
+59.21%
--
--
--
--
180.92M
+39.80%
--
--
176.92M
-2.21%
--
--
--
--
63.99M
--
0
--
0
-100.00%
0
--
10.05M
--
39.17M
--
23.62M
+135.02%
50.18M
+28.11%
50.18M
--
Other Cost
1.02M
--
--
--
1.33M
+30.20%
--
--
--
--
1.65M
+23.86%
--
--
319.75K
-80.63%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Gross Profit
-3.74M
--
-1.34M
--
-1.17M
+68.77%
-6.52M
--
-8.91M
-563.52%
-9.96M
-753.09%
-7.78M
-19.43%
669.85K
+106.72%
-10.53M
-35.27%
--
--
-6.54M
+37.91%
0
--
0
+100.00%
0
--
580.17K
--
1.92M
--
592.00K
+2.04%
1.12M
-41.44%
1.12M
--
Other Operating Income
0
--
--
--
587.36K
--
--
--
--
--
339.55K
-42.19%
--
--
2.34M
+588.86%
--
--
0
-100.00%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Operating Expenses
24.75M
--
42.28M
--
61.51M
+148.53%
27.23M
--
41.74M
-1.28%
53.10M
-13.68%
56.15M
+106.21%
224.05M
+321.97%
20.23M
-63.98%
4.24M
-98.11%
23.28M
+15.11%
4.13M
-2.75%
804.94K
-96.54%
3.23M
-21.83%
1.36M
+69.20%
85.83M
+2560.43%
91.35M
+6607.29%
102.31M
+19.21%
102.31M
--
Selling, General and Administrative Expenses
11.48M
--
20.14M
--
29.53M
+157.25%
16.04M
--
25.95M
+28.88%
34.08M
+15.43%
14.90M
-7.09%
24.49M
-28.14%
8.97M
-39.84%
4.27M
-82.55%
4.03M
-55.11%
4.12M
-3.51%
801.74K
-80.08%
3.22M
-21.92%
1.36M
+69.62%
3.89M
+20.78%
2.48M
+82.52%
5.95M
+53.11%
5.95M
--
Selling and Marketing Expenses
6.31M
--
--
--
17.16M
+171.72%
--
--
--
--
18.94M
+10.43%
--
--
9.35M
-50.62%
--
--
1.09K
-99.99%
29.81K
--
1.69K
+55.28%
1.75K
-94.14%
3.29K
+95.00%
400.81K
+22838.54%
1.60M
+48413.73%
838.67K
+109.24%
1.39M
-12.73%
1.39M
--
General and Administrative Expenses
5.16M
--
--
--
12.37M
+139.56%
--
--
--
--
15.14M
+22.38%
--
--
15.14M
-0.01%
--
--
4.27M
-71.77%
4.00M
--
4.12M
-3.52%
799.99K
-79.98%
3.22M
-21.97%
959.10K
+19.89%
2.29M
-28.71%
1.64M
+71.35%
4.56M
+98.93%
4.56M
--
Research and Development Expenses
6.64M
--
5.76M
--
7.56M
+13.96%
3.88M
--
5.59M
-3.02%
6.58M
-13.01%
2.18M
-43.89%
3.67M
-44.19%
727.28K
-66.59%
-29.80K
-100.81%
292.30K
-59.81%
3.09K
+110.38%
3.20K
-98.90%
6.30K
+103.86%
2.08K
-35.15%
3.42K
-45.76%
0
-100.00%
0
-100.00%
--
--
Loss on Impairment of Other Assets
3.42M
--
--
--
7.37M
+115.52%
--
--
--
--
6.47M
-12.27%
--
--
124.72M
+1828.95%
--
--
--
--
15.80M
--
0
--
--
--
0
--
0
--
81.93M
--
88.87M
--
96.36M
+17.60%
96.36M
--
Loss on Disposal of Assets
--
--
--
--
0
--
--
--
--
--
0
--
--
--
69.07M
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Other Operating Expenses
3.22M
--
16.38M
--
17.05M
+430.27%
7.31M
--
10.20M
-37.75%
5.97M
-65.00%
39.07M
+434.54%
2.10M
-64.85%
10.53M
-73.04%
--
--
3.17M
-69.94%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Operating Income
-28.49M
--
-43.62M
--
-62.09M
-117.94%
-33.75M
--
-50.64M
-16.10%
-62.72M
-1.02%
-63.94M
-89.45%
-221.04M
-252.42%
-30.76M
+51.89%
-4.24M
+98.08%
-29.82M
+3.04%
-4.13M
+2.75%
-804.94K
+97.30%
-3.23M
+21.83%
-781.82K
+2.87%
-83.91M
-2500.94%
-90.76M
-11508.86%
-101.19M
-20.59%
-101.19M
--
Non-Operating Income (Loss)
-8.31M
--
-4.92M
--
-10.35M
-24.55%
-11.17M
--
-3.71M
+24.61%
-6.99M
+32.47%
5.07M
+145.37%
-4.84M
+30.79%
-16.25M
-420.48%
-16.02M
-231.12%
-8.55M
+47.39%
-65.47M
-308.66%
223.08K
+102.61%
-214.50K
+99.67%
-1.42M
-737.37%
-3.39M
-1480.70%
-2.63M
-84.76%
-3.94M
-16.10%
-3.94M
--
Gain (Loss) on Change in Fair Value
-776.31K
--
--
--
897.50K
+215.61%
--
--
--
--
5.93M
+561.01%
--
--
14.35M
+141.85%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Gain (Loss) on Foreign Currency Exchange
450.9
--
--
--
-13.25K
-3038.53%
--
--
--
--
-63.94K
-382.55%
--
--
-9.13K
+85.72%
--
--
--
--
-788.73
--
--
--
--
--
--
--
0
--
--
--
-120.85K
--
--
--
--
--
Other Non-Operating Income (Loss)
--
--
3.52M
--
--
--
-4.50M
--
6.18M
+75.42%
0
--
13.76M
+405.57%
0
--
-6.43M
-146.77%
0
--
--
--
-59.56M
--
313.50K
--
0
+100.00%
77.56K
-75.26%
329.31K
--
-24.80K
-131.98%
-70.23K
-121.33%
-70.23K
--
Net Interest Expense
7.54M
--
8.45M
--
11.24M
+49.10%
6.67M
--
9.89M
+17.10%
12.86M
+14.45%
8.69M
+30.22%
19.18M
+49.13%
9.81M
+12.94%
16.02M
-16.46%
8.55M
-12.91%
5.91M
-63.11%
90.42K
-98.94%
214.50K
-96.37%
1.50M
+1558.16%
3.72M
+1634.23%
2.48M
+65.49%
3.87M
+3.94%
3.87M
--
Interest Expense
7.57M
--
--
--
11.61M
+53.45%
--
--
--
--
13.20M
+13.70%
--
--
19.22M
+45.60%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Interest Income
32.47K
--
--
--
377.40K
+1062.49%
--
--
--
--
344.73K
-8.66%
--
--
47.72K
-86.16%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Pretax Income From Continuing Operations
-36.80M
--
-48.55M
--
-72.44M
-96.85%
-44.92M
--
-54.36M
-11.97%
-69.71M
+3.77%
-58.87M
-31.04%
-225.88M
-224.02%
-47.00M
+20.15%
-20.26M
+91.03%
-38.37M
+18.37%
-69.60M
-243.45%
-581.86K
+98.48%
-3.44M
+95.06%
-2.20M
-278.72%
-87.30M
-2437.33%
-93.39M
-4137.87%
-105.12M
-20.42%
-105.12M
--
Income Tax Expense
89.58K
--
359.07K
--
348.43K
+288.96%
12.67K
--
5.83K
-98.38%
8.81K
-97.47%
3.67K
-71.01%
1.91K
-78.28%
3.82K
+3.92%
--
--
-473.24
-112.40%
--
--
--
--
0
--
6.65K
--
78.09K
--
3.45K
-48.18%
6.46K
-91.73%
6.46K
--
Current Income Tax
89.58K
--
--
--
348.43K
+288.96%
--
--
--
--
8.81K
-97.47%
--
--
1.91K
-78.28%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Deferred Income Tax
0
--
--
--
0
--
--
--
--
--
0
--
--
--
0
--
--
--
--
--
--
--
0
--
--
--
--
--
--
--
78.09K
--
--
--
--
--
--
--
Income from Discontinued Operations
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-68.07M
--
--
--
184.87M
+371.57%
-5.73M
--
-6.33M
-103.43%
55.87M
+1075.57%
55.05M
+969.21%
0
-100.00%
0
-100.00%
--
--
Net Income
-36.89M
--
-48.91M
--
-72.79M
-97.32%
-44.94M
--
-54.36M
-11.16%
-69.72M
+4.22%
-58.87M
-31.01%
-225.88M
-223.98%
-47.01M
+20.15%
-88.34M
+60.89%
-38.37M
+18.38%
115.27M
+230.49%
-6.31M
+83.56%
-9.77M
-108.48%
53.66M
+950.55%
-32.32M
-230.68%
-93.39M
-274.05%
-105.13M
-225.26%
-105.13M
--
Net Income Attributable to Minority Interests
5.26K
--
-7.25K
--
-9.17K
-274.37%
-8.79K
--
-10.92K
-50.61%
-13.29K
-44.89%
-3.67K
+58.23%
-7.22K
+45.70%
-1.68K
+54.28%
-4.35K
+39.79%
--
--
-6.04K
-39.10%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Net Income Attributable to Owners of the Company
-36.90M
--
-48.90M
--
-72.78M
-97.26%
-44.93M
--
-54.35M
-11.15%
-69.71M
+4.22%
-58.87M
-31.03%
-225.87M
-224.03%
-47.01M
+20.15%
-88.33M
+60.89%
-38.37M
+18.38%
115.28M
+230.50%
-6.31M
+83.56%
-9.77M
-108.48%
53.66M
+950.55%
-32.32M
-230.68%
-93.39M
-274.05%
-105.13M
-225.26%
-105.13M
--
Preferred Stock Dividends
--
--
13.88M
--
--
--
16.85M
--
26.97M
+94.33%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Other Adjustments
8.83M
--
--
--
19.74M
+123.45%
--
--
--
--
43.01M
+117.91%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Net Income Attributable to Common Stockholders
-45.73M
--
-62.78M
--
-92.52M
-102.32%
-61.77M
--
-81.32M
-29.54%
-112.71M
-21.83%
-58.87M
+4.71%
-225.87M
-100.40%
-47.01M
+20.15%
-88.33M
+60.89%
-38.37M
+18.38%
115.28M
+230.50%
-6.31M
+83.56%
-9.77M
-108.48%
53.66M
+950.55%
-32.32M
-230.68%
-93.39M
-274.05%
-105.13M
-225.26%
-105.13M
--
Other Comprehensive Income
-426.56K
--
-121.96K
--
662.64K
+255.35%
130.98K
--
1.45M
+1289.63%
-1.07M
-260.90%
-206.76K
-257.86%
3.57M
+435.19%
2.06M
+1096.59%
3.17M
-11.29%
574.51K
-72.12%
-1.31M
-141.38%
751.35K
+30.78%
-552.49K
+57.88%
-444.86K
-159.21%
14.21M
+2672.18%
-5.81M
-1205.81%
-3.10M
-121.82%
-3.10M
--
Total Comprehensive Income
-37.32M
--
-49.03M
--
-72.13M
-93.29%
-44.80M
--
-52.91M
-7.92%
-70.79M
+1.86%
-59.08M
-31.86%
-222.31M
-214.05%
-44.95M
+23.92%
-85.17M
+61.69%
-37.79M
+15.92%
113.96M
+233.80%
-5.56M
+85.30%
-10.33M
-109.06%
53.21M
+1057.54%
-18.11M
-75.38%
-99.20M
-286.42%
-108.23M
-497.61%
-108.23M
--
Total Comprehensive Income Attributable to Minority Interests
5.26K
--
-7.25K
--
-9.17K
-274.37%
-8.79K
--
-10.92K
-50.61%
-13.29K
-44.89%
-3.67K
+58.23%
-7.22K
+45.70%
-1.68K
+54.28%
-4.35K
+39.79%
--
--
-6.04K
-39.10%
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Total Comprehensive Income Attributable to Owners of the Company
-46.15M
--
-49.02M
--
-91.85M
-99.02%
-44.80M
--
-52.90M
-7.92%
-113.78M
-23.87%
-59.07M
-31.87%
-222.30M
-95.38%
-44.95M
+23.92%
-85.16M
+61.69%
-37.79M
+15.91%
113.97M
+233.82%
-5.56M
+85.30%
-10.33M
-109.06%
53.21M
+1057.54%
-18.11M
-75.38%
-99.20M
-286.42%
-108.23M
-497.61%
-108.23M
--
Basic EPS
-0.13
--
-0.16
--
-0.23
-76.92%
-0.14
--
-0.19
-18.75%
-0.26
-13.04%
-0.05
+64.29%
-0.17
+34.62%
-0.04
+20.00%
0
+100.00%
-0.02
+50.00%
0
--
0
+100.00%
0
--
0
--
0
--
0
--
0
--
--
--
Basic EPS from Continuing Operations
-0.13
--
--
--
-0.23
-76.92%
--
--
--
--
-0.26
-13.04%
--
--
-0.17
+34.62%
--
--
0
+100.00%
-0.02
--
0
--
0
+100.00%
0
--
0
--
0
--
0
--
0
--
--
--
Basic EPS from Discontinued Operations
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
0
--
--
--
0
--
0
--
0
--
0
--
0
--
0
--
0
--
--
--
Diluted EPS
-0.13
--
-0.16
--
-0.23
-76.92%
-0.14
--
-0.19
-18.75%
-0.26
-13.04%
-0.05
+64.29%
-0.17
+34.62%
-0.04
+20.00%
0
+100.00%
-0.02
+50.00%
0
--
0
+100.00%
0
--
0
--
0
--
0
--
0
--
--
--
Diluted EPS from Continuing Operations
-0.13
--
--
--
-0.23
-76.92%
--
--
--
--
-0.26
-13.04%
--
--
-0.17
+34.62%
--
--
0
+100.00%
-0.02
--
--
--
0
+100.00%
0
--
0
--
0
--
0
--
0
--
--
--
Diluted EPS from Discontinued Operations
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
0
--
--
--
--
--
0
--
0
--
0
--
0
--
0
--
0
--
--
--