Stocktoria

XChange TEC.INC XHG

Nasdaq · stock · Insurance Agents, Brokers & Service · website · IPO 2019-11-05

XChange TEC.INC statistics & valuation

Profitability & efficiency

Net margin (%)
-40.40% -127.00% -54.90% 125.70% -552.00% -204.90% 2019202020212022202320242025
Gross margin (%)
4.70% 2.20% 2019202020212022202320242025
Operating margin (%)
-36.30% -124.20% -38.60% -37.40% -204.20% -197.20% 2019202020212022202320242025
Return on equity (%)
2019202020212022202320242025
Shares outstanding
430.5M 1.44B 146.07B 1.03T 28.1M 238.2M 50.25B 2019202020212022202320242025
Net debt ($)
$268.5M $65.1M $28.7M 2019202020212022202320242025
Share buybacks ($)
2019202020212022202320242025
Return on assets (%)
-27.70% -180.30% -150.70% 858.20% -607.40% -203.30% -1078.80% 2019202020212022202320242025
Free cash flow margin (%)
-34.80% -3.70% -100.40% 2019202020212022202320242025
Debt / equity (×)
2019202020212022202320242025
EPS ($)
-$1.14 $0.00 $0.01 $0.00 $0.00 $0.00 2019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin2.2%4.7%—————
Operating margin-197.2%-204.2%—-37.4%-38.6%-124.2%-36.3%
Net margin-204.9%-552.0%—125.7%-54.9%-127.0%-40.4%
FCF margin————-100.4%-3.7%-34.8%
Return on assets-1078.8%-203.3%-607.4%858.2%-150.7%-180.3%-27.7%
Return on equity85.0%40.8%11.1%-143.1%22.8%76.5%22.2%
Debt / equity————-0.08×-0.23×-0.19×
Current ratio0.040.050.020.110.080.100.35

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.