XChange TEC.INC
XChange TEC.INC operates in the insurance and asset management sectors, offering services related to multiline insurance and brokerage.
Business. XChange TEC.INC (XHG.O) is a multiline insurance and broker headquartered in the United States, operating within the Financials sector. The company generates revenue primarily through premium income, engaging in insurance underwriting and related asset management activities. It is listed on the NASDAQ stock exchange under the ticker symbol XHG.O. Specific details regarding operating segments or geographic revenue breakdowns are not available.
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- Company
- EarningsFY 2026 earnings (expected)2026-11-09 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
XChange TEC.INC (XHG.O) is a multiline insurance and broker headquartered in the United States, operating within the Financials sector. The company generates revenue primarily through premium income, engaging in insurance underwriting and related asset management activities. It is listed on the NASDAQ stock exchange under the ticker symbol XHG.O. Specific details regarding operating segments or geographic revenue breakdowns are not available.
XChange TEC.INC has a negative equity position of -880,143,000 CNY, indicating a significant financial distress. The company's liquidity is further strained by a current ratio of 0.04, suggesting a very low ability to meet short-term obligations with its current assets. The market capitalization of 52,063,405.26 CNY is relatively small compared to its total liabilities, which stand at 949,521,000 CNY.
The company's profitability is severely negative, with a net income of -748,414,000 CNY and an operating income of -720,343,000 CNY. The return on equity is 0.8503, which is a positive figure but misleading due to the negative equity base. The return on assets is -10.7875, indicating a poor use of assets to generate profit.
XChange TEC.INC's revenue is primarily derived from its operations in the insurance and asset management sectors. The company's revenue concentration is not specified, but the negative net cash position after subtracting total debt suggests a high financial risk.
The company's growth trajectory is negative, with a significant decline in operating cash flow of -11,698,000 CNY and a free cash flow of -748,414,000 CNY. The recent actual revenue of 177,913,000 CNY is much lower than the total revenue of 365,267,000 CNY, indicating a potential decline in business performance.
The risk assessment for XChange TEC.INC indicates a medium liquidity risk and a low dilution risk. The company's negative net cash position after subtracting total debt is a key flag, suggesting a high financial risk. The dilution potential is low, but the company's financial distress may lead to future dilution if not addressed.
Recent events, such as the last actual EPS of -408,000 CNY and the last actual revenue of 177,913,000 CNY, highlight the company's financial challenges. These figures indicate a significant decline in performance and may affect investor confidence.
- XChange TEC.INC is experiencing significant financial distress with a negative equity position and poor profitability.
- The company's liquidity is very low, as indicated by a current ratio of 0.04.
- The return on assets is -10.7875, indicating a poor use of assets to generate profit.
- The company's growth trajectory is negative, with a significant decline in operating and free cash flows.
- The risk assessment indicates a medium liquidity risk and a low dilution risk, but the company's financial distress may lead to future dilution.
- **margin_outlook_rationale**: The company's operating margin is negative, driven by a significant operating loss, indicating a poor margin outlook.
- **rd_outlook_rationale**: There is no specific information provided about the company's research and development activities or their future outlook.
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Return On Equitynet_income / total_equity
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- XChange TEC.INC Market data — financials · 2026-05-30
- XChange TEC.INC Market data — analyst estimates · 2026-05-30
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Net margin (FY 2025-09-30): -204.9%Derived (calculated)
- Gross margin (FY 2025-09-30): 2.2%Derived (calculated)
- Cost of revenue (YoY) (2025-09-30 vs 2024-09-30): 28.1%Derived (calculated)
- Net income (YoY) (2025-09-30 vs 2022-09-30): -191.2%Derived (calculated)
- Operating cash flow (YoY) (2025-09-30 vs 2024-09-30): -17.9%Derived (calculated)
- Operating income (YoY) (2025-09-30 vs 2024-09-30): -20.6%Derived (calculated)
- Revenue (YoY) (2025-09-30 vs 2024-09-30): 24.9%Derived (calculated)
- Gross profit (YoY) (2025-09-30 vs 2024-09-30): -41.4%Derived (calculated)
- Gross profit (annual): USD 1.12MSEC XBRL filing
- Operating income (annual): USD -101.19MSEC XBRL filing
- Net income (annual): USD -105.13MSEC XBRL filing
- Revenue (annual): USD 51.31MSEC XBRL filing
- Total operating expenses (annual): USD 102.31MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES 0SEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 0SEC XBRL filing
- Pre-tax income (annual): USD -105.12MSEC XBRL filing
- Operating cash flow (annual): USD -1.64MSEC XBRL filing
- Cost of revenue (annual): USD 50.19MSEC XBRL filing
- R&D expense (YoY) (2024-09-30 vs 2022-09-30): -99.2%Derived (calculated)
- Gross margin (FY 2024-09-30): 4.7%Derived (calculated)
- Revenue (YoY) (2024-09-30 vs 2022-09-30): -55.2%Derived (calculated)
- Operating cash flow (YoY) (2024-09-30 vs 2023-09-30): 74.5%Derived (calculated)
- Cost of revenue (YoY) (2024-09-30 vs 2022-09-30): -60.8%Derived (calculated)
- Operating income (YoY) (2024-09-30 vs 2023-09-30): -2,279.0%Derived (calculated)