XHG
XChange TEC.INC
Price Chart
Latest Quote
$0.90
Current Price| Previous Close | $0.97 |
| Open | $0.92 |
| Day High | $0.94 |
| Day Low | $0.90 |
| Volume | 2,191 |
Stock Information
Note: Financial values converted from CNY to USD
| Shares Outstanding | 46.60M |
| Total Debt | $4.92M |
| Cash Equivalents | $1.84M |
| Revenue | $52.65M |
| Net Income | $-107.87M |
| Sector | Financial Services |
| Industry | Insurance Brokers |
| Market Cap | $46.39M |
| P/E Ratio | inf |
| Exchange | NCM |
📊 Custom Metrics & Score
Score: 3/42| Debt to Equity | -0.80 |
| Debt to Earnings | 87627.30 |
| Current Ratio | 0.04 |
| Quick Ratio | 0.04 |
| Profit Margin | -204.90% |
| Return on Equity | 0.09% |
| Avg FCF Growth | -24.99% |
| FCF Yield | -0.03% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $0.90 | 2,191 |
| 2026-01-30 | $0.97 | 15,400 |
| 2026-01-29 | $1.10 | 52,300 |
| 2026-01-28 | $0.92 | 7,500 |
| 2026-01-27 | $0.91 | 3,200 |
| 2026-01-26 | $0.89 | 500 |
| 2026-01-23 | $0.90 | 4,100 |
| 2026-01-22 | $0.88 | 900 |
| 2026-01-21 | $0.88 | 6,000 |
| 2026-01-20 | $0.88 | 9,700 |
| 2026-01-16 | $0.85 | 3,100 |
| 2026-01-15 | $0.87 | 1,200 |
| 2026-01-14 | $0.85 | 3,600 |
| 2026-01-13 | $0.85 | 6,600 |
| 2026-01-12 | $0.86 | 11,400 |
| 2026-01-09 | $0.90 | 8,600 |
| 2026-01-08 | $0.89 | 7,800 |
| 2026-01-07 | $0.86 | 7,100 |
| 2026-01-06 | $0.85 | 5,000 |
| 2026-01-05 | $0.90 | 6,300 |
About XChange TEC.INC
XChange TEC.INC, together with its subsidiaries, engages in the insurance agency and insurance technology businesses primarily to individual end consumers in the People's Republic of China. The company provides a various insurance products underwritten by insurance companies, including industry state-owned property and casualty insurance companies, as well as certain regional property and casualty insurance companies. It offers automobile, life, health, group accident, and other property related insurance products. In addition, the company operates a SaaS platform to offers comprehensive services to offline and online customers. It sells insurance primarily through a network of external referral sources that include external registered sales representatives, distribution channel partners, and through its in-house sales force. The company was formerly known as FLJ Group Limited and changed its name to XChange TEC.INC in May 2024. XChange TEC.INC was founded in 2007 and is based in Shanghai, the People's Republic of China.
Income Statement (Annual)
Revenue
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $357,266 | $274,901,000 | $0 | $0 |
| Cost Of Revenue | $357,266 | $274,901,000 | $0 | $0 |
| Total Revenue | $365,267 | $288,369,000 | $0 | $0 |
| Operating Revenue | $365,267 | $288,369,000 | $0 | $0 |
Expenses
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Interest Expense | $27,525 | $26,105,000 | $1,565,000 | $42,042,000 |
| Total Expenses | $399,653 | $302,215,000 | $23,537,000 | $29,355,000 |
| Other Income Expense | $-686,457 | $-572,667,000 | - | $-423,686,000 |
| Other Non Operating Income Expenses | $-500 | $2,311,000 | - | $-423,686,000 |
| Net Non Operating Interest Income Expense | $-27,525 | $-26,105,000 | $-1,565,000 | $-42,042,000 |
| Interest Expense Non Operating | $27,525 | $26,105,000 | $1,565,000 | $42,042,000 |
| Operating Expense | $42,387 | $27,314,000 | $23,537,000 | $29,355,000 |
| Selling And Marketing Expense | $9,915 | $11,199,000 | $24,000 | $12,000 |
| General And Administrative Expense | $32,472 | $16,091,000 | $23,467,000 | $29,321,000 |
| Other Operating Expenses | - | - | $-9,000 | $8,104,000 |
| Rent Expense Supplemental | - | - | - | $539,487,000 |
Income & Earnings
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $-748,414 | $-613,166,000 | $-25,102,000 | $-495,040,000 |
| Net Interest Income | $-27,525 | $-26,105,000 | $-1,565,000 | $-42,042,000 |
| Normalized Income | $-233,946 | $-181,932,500 | $-25,102,000 | $-495,040,000 |
| Net Income From Continuing And Discontinued Operation | $-748,414 | $-226,821,000 | $-71,313,000 | $820,023,000 |
| Total Operating Income As Reported | $-720,343 | $-588,824,000 | $-23,537,000 | $-29,355,000 |
| Net Income Common Stockholders | $-748,414 | $-226,821,000 | $-71,313,000 | $820,023,000 |
| Net Income | $-748,414 | $-226,821,000 | $-71,313,000 | $820,023,000 |
| Net Income Including Noncontrolling Interests | $-748,414 | $-226,821,000 | $-71,313,000 | $819,980,000 |
| Net Income Discontinuous Operations | $0 | $386,345,000 | $-46,211,000 | $1,315,063,000 |
| Net Income Continuous Operations | $-748,414 | $-613,166,000 | $-25,102,000 | $-495,083,000 |
| Pretax Income | $-748,368 | $-612,618,000 | $-25,102,000 | $-495,083,000 |
| Special Income Charges | $-685,957 | $-574,978,000 | $0 | $0 |
| Operating Income | $-34,386 | $-13,846,000 | $-23,537,000 | $-29,355,000 |
| Gross Profit | $8,001 | $13,468,000 | $0 | $0 |
| Interest Income | - | - | - | - |
| Interest Income Non Operating | - | - | - | - |
Per Share Metrics
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Diluted EPS | - | $0.00 | $0.00 | $0.00 |
| Basic EPS | - | $0.00 | $0.00 | $0.00 |
Other
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $-171,489 | $-143,744,500 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-34,490 | $-11,274,000 | $-23,537,000 | $-453,041,000 |
| Total Unusual Items | $-685,957 | $-574,978,000 | $0 | $0 |
| Total Unusual Items Excluding Goodwill | $-685,957 | $-574,978,000 | $0 | $0 |
| Reconciled Depreciation | $396 | $261,000 | $0 | $0 |
| EBITDA (Bullshit earnings) | $-720,447 | $-586,252,000 | $-23,537,000 | $-453,041,000 |
| EBIT | $-720,843 | $-586,513,000 | $-23,537,000 | $-453,041,000 |
| Diluted NI Availto Com Stockholders | $-748,414 | $-226,821,000 | $-71,313,000 | $820,023,000 |
| Tax Provision | $46 | $548,000 | $0 | $0 |
| Impairment Of Capital Assets | $685,957 | $574,978,000 | $0 | $0 |
| Research And Development | $0 | $24,000 | $46,000 | $22,000 |
| Selling General And Administration | $42,387 | $27,290,000 | $23,491,000 | $29,333,000 |
| Other Gand A | $32,472 | $16,091,000 | $23,467,000 | $29,321,000 |
| Diluted Average Shares | - | $331,295 | $11,825 | $10,783 |
| Basic Average Shares | - | $331,295 | $11,825 | $10,783 |
| Minority Interests | - | $0 | $0 | $43,000 |
| Gain On Sale Of Ppe | - | - | - | $-11,972,000 |
| Gain On Sale Of Business | - | - | - | $1,554,450,000 |
| Restructuring And Mergern Acquisition | - | - | - | $0 |
| Otherunder Preferred Stock Dividend | - | - | - | - |
| Other Special Charges | - | - | - | - |
| Write Off | - | - | - | - |
| Gain On Sale Of Security | - | - | - | - |
Balance Sheet (Annual)
Assets
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net Tangible Assets | $-904,104,000 | $-1,265,813,000 | $-643,424,000 | $-572,862,000 |
| Total Assets | $69,378,000 | $782,836,000 | $85,653,000 | $95,540,000 |
| Total Non Current Assets | $29,518,000 | $715,193,000 | $0 | $24,380,000 |
| Other Non Current Assets | $5,000,000 | $5,000,000 | - | $24,380,000 |
| Goodwill And Other Intangible Assets | $23,961,000 | $709,240,000 | $0 | $13,475,000 |
| Other Intangible Assets | $678,000 | - | - | $13,475,000 |
| Current Assets | $39,860,000 | $67,643,000 | $85,653,000 | $71,160,000 |
| Other Current Assets | $1,042,000 | $7,505,000 | $282,000 | $1,588,000 |
| Prepaid Assets | $2,593,000 | $13,745,000 | $7,296,000 | $7,114,000 |
| Receivables | $23,455,000 | $36,276,000 | $0 | $36,852,000 |
| Accounts Receivable | $23,455,000 | $36,276,000 | $0 | $752,000 |
| Allowance For Doubtful Accounts Receivable | $-41,000 | $-191,000 | $0 | - |
| Gross Accounts Receivable | $23,496,000 | $36,467,000 | $0 | - |
| Cash Cash Equivalents And Short Term Investments | $12,770,000 | $10,117,000 | $286,000 | $563,000 |
| Cash And Cash Equivalents | $10,879,000 | $8,085,000 | $286,000 | $563,000 |
| Assets Held For Sale Current | - | $0 | $77,789,000 | $63,483,000 |
| Restricted Cash | - | - | - | $106,000 |
| Other Receivables | - | - | - | - |
| Taxes Receivable | - | - | - | - |
Debt
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net Debt | $689,675,000 | $1,091,618,000 | $44,146,000 | $5,981,000 |
| Total Debt | $701,106,000 | $1,100,639,000 | $44,432,000 | $6,544,000 |
| Long Term Debt And Capital Lease Obligation | $353,000 | $587,000 | $0 | - |
| Current Debt And Capital Lease Obligation | $700,753,000 | $1,100,052,000 | $44,432,000 | $6,544,000 |
| Current Debt | $700,554,000 | $1,099,703,000 | $44,432,000 | $6,544,000 |
| Other Current Borrowings | $32,533,000 | $32,070,000 | $44,432,000 | $22,301,000 |
| Long Term Debt | - | - | - | - |
Liabilities
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $949,521,000 | $1,339,409,000 | $729,077,000 | $668,402,000 |
| Total Non Current Liabilities Net Minority Interest | $353,000 | $587,000 | $0 | $0 |
| Current Liabilities | $949,168,000 | $1,338,822,000 | $729,077,000 | $668,402,000 |
| Other Current Liabilities | $179,348,000 | $171,998,000 | $678,700,000 | $654,337,000 |
| Current Deferred Liabilities | $17,000 | $0 | - | $173,553,000 |
| Current Notes Payable | $668,021,000 | $1,067,633,000 | $0 | - |
| Payables And Accrued Expenses | $69,050,000 | $66,772,000 | $5,945,000 | $7,521,000 |
| Interest Payable | $36,957,000 | $24,019,000 | $1,268,000 | $3,456,000 |
| Payables | $32,093,000 | $42,753,000 | $4,677,000 | $4,065,000 |
| Total Tax Payable | $1,553,000 | $1,457,000 | $0 | $63,619,000 |
| Accounts Payable | $29,480,000 | $36,972,000 | $182,000 | $0 |
| Non Current Deferred Liabilities | - | - | - | - |
| Other Payable | - | - | - | - |
Equity
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Common Stock Equity | $-880,143,000 | $-556,573,000 | $-643,424,000 | $-572,862,000 |
| Total Equity Gross Minority Interest | $-880,143,000 | $-556,573,000 | $-643,424,000 | $-572,862,000 |
| Stockholders Equity | $-880,143,000 | $-556,573,000 | $-643,424,000 | $-572,862,000 |
| Gains Losses Not Affecting Retained Earnings | $79,989,000 | $106,048,000 | $25,422,000 | $29,453,000 |
| Other Equity Adjustments | $79,989,000 | $106,048,000 | $25,422,000 | $29,453,000 |
| Retained Earnings | $-4,605,215,000 | $-3,856,801,000 | $-3,629,980,000 | $-3,558,667,000 |
Other
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Ordinary Shares Number | $123,715,022,675 | $795,106,810 | $28,378,920 | $25,878,920 |
| Share Issued | $123,715,022,675 | $795,106,810 | $28,378,920 | $25,878,920 |
| Tangible Book Value | $-904,104,000 | $-1,265,813,000 | $-643,424,000 | $-572,862,000 |
| Invested Capital | $-179,589,000 | $543,130,000 | $-598,992,000 | $-566,318,000 |
| Working Capital | $-909,308,000 | $-1,271,179,000 | $-643,424,000 | $-597,242,000 |
| Capital Lease Obligations | $552,000 | $936,000 | $0 | - |
| Total Capitalization | $-880,143,000 | $-556,573,000 | $-643,424,000 | $-572,862,000 |
| Additional Paid In Capital | $3,465,510,000 | $3,137,002,000 | $2,959,235,000 | $2,954,625,000 |
| Capital Stock | $179,573,000 | $57,178,000 | $1,899,000 | $1,727,000 |
| Common Stock | $179,573,000 | $57,178,000 | $1,899,000 | $1,727,000 |
| Long Term Capital Lease Obligation | $353,000 | $587,000 | $0 | - |
| Current Deferred Revenue | $17,000 | $0 | - | $173,553,000 |
| Current Capital Lease Obligation | $199,000 | $349,000 | $0 | - |
| Current Accrued Expenses | $36,957,000 | $24,019,000 | $1,268,000 | $3,456,000 |
| Dueto Related Parties Current | $1,060,000 | $4,324,000 | $4,495,000 | $4,065,000 |
| Goodwill | $23,283,000 | $709,240,000 | $0 | - |
| Net PPE | $557,000 | $953,000 | $0 | $500,000 |
| Gross PPE | $557,000 | $953,000 | $0 | $3,191,000 |
| Other Properties | $557,000 | $953,000 | - | - |
| Other Short Term Investments | $1,891,000 | $2,032,000 | $0 | - |
| Minority Interest | - | - | $0 | $0 |
| Treasury Stock | - | - | $0 | $0 |
| Treasury Shares Number | - | - | - | $0 |
| Line Of Credit | - | - | - | $103,552,000 |
| Accumulated Depreciation | - | - | - | $-2,691,000 |
| Machinery Furniture Equipment | - | - | - | $3,191,000 |
| Buildings And Improvements | - | - | - | $0 |
| Properties | - | - | - | $0 |
| Duefrom Related Parties Current | - | - | - | $36,100,000 |
| Leases | - | - | - | - |
| Construction In Progress | - | - | - | - |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Free Cash Flow | $-11,698 | $-9,770,000 | $-39,867,000 | $-44,333,000 |
Operating Activities
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Operating Cash Flow | $-11,698 | $-9,770,000 | $-39,867,000 | $-44,333,000 |
| Cash From Discontinued Operating Activities | $0 | $-815,000 | $-17,689,000 | $-37,240,000 |
| Cash Flow From Continuing Operating Activities | $-11,698 | $-8,955,000 | $-22,178,000 | $-7,093,000 |
| Operating Gains Losses | - | $490,000 | - | $-1,542,478,000 |
Investing Activities
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Investing Cash Flow | $-490 | $10,174,000 | $0 | $-11,468,000 |
| Cash From Discontinued Investing Activities | $0 | $0 | $0 | $-11,468,000 |
| Cash Flow From Continuing Investing Activities | $-490 | $10,174,000 | $0 | $0 |
| Capital Expenditure | - | - | - | - |
| Net Other Investing Changes | - | - | - | - |
Financing Activities
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Financing Cash Flow | $18,789 | $8,669,000 | $37,887,000 | $34,052,000 |
| Cash From Discontinued Financing Activities | $0 | $0 | $0 | $3,436,000 |
| Cash Flow From Continuing Financing Activities | $18,789 | $8,669,000 | $37,887,000 | $30,616,000 |
| Net Other Financing Charges | $1,060 | - | - | - |
| Repurchase Of Capital Stock | - | - | - | $0 |
| Issuance Of Capital Stock | - | - | - | $0 |
| Net Common Stock Issuance | - | - | - | $0 |
| Common Stock Issuance | - | - | - | $0 |
| Net Preferred Stock Issuance | - | - | - | - |
| Preferred Stock Issuance | - | - | - | - |
Other
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Repayment Of Debt | $-59,088 | $-10,268,000 | $0 | $0 |
| Issuance Of Debt | $76,817 | $18,937,000 | $37,887,000 | $30,616,000 |
| End Cash Position | $15,879 | $13,085,000 | $1,101,000 | $2,878,000 |
| Beginning Cash Position | $13,085 | $1,101,000 | $2,878,000 | $19,252,000 |
| Effect Of Exchange Rate Changes | $-3,807 | $2,911,000 | $203,000 | $5,375,000 |
| Changes In Cash | $6,601 | $9,073,000 | $-1,980,000 | $-21,749,000 |
| Net Issuance Payments Of Debt | $17,729 | $8,669,000 | $37,887,000 | $30,616,000 |
| Net Short Term Debt Issuance | $-59,088 | $8,669,000 | $37,887,000 | $6,544,000 |
| Short Term Debt Payments | $-59,088 | $-10,268,000 | $0 | $0 |
| Short Term Debt Issuance | $0 | $18,937,000 | $37,887,000 | $6,544,000 |
| Net Long Term Debt Issuance | $76,817 | $0 | $0 | $24,072,000 |
| Long Term Debt Issuance | $76,817 | $0 | $0 | $24,072,000 |
| Net Investment Purchase And Sale | $141 | $-800,000 | $0 | $0 |
| Sale Of Investment | $8,991 | $0 | $0 | - |
| Purchase Of Investment | $-8,850 | $-800,000 | $0 | $0 |
| Net Business Purchase And Sale | $-631 | $10,868,000 | $0 | $0 |
| Sale Of Business | $0 | $10,868,000 | $0 | $0 |
| Purchase Of Business | $-631 | $0 | $0 | $-11,468,000 |
| Net PPE Purchase And Sale | $0 | $106,000 | $0 | $0 |
| Sale Of PPE | $0 | $106,000 | $0 | $0 |
| Change In Working Capital | $12,621 | $1,507,000 | $-1,858,000 | $53,311,000 |
| Change In Other Working Capital | $17 | - | - | $-66,599,000 |
| Change In Other Current Liabilities | $-384 | $-198,000 | $0 | $0 |
| Change In Other Current Assets | $6,835 | $-6,202,000 | $-282,000 | $6,497,000 |
| Change In Payables And Accrued Expense | $-7,236 | $24,417,000 | $-1,576,000 | $53,928,000 |
| Change In Accrued Expense | $256 | $388,000 | $-2,187,000 | $53,928,000 |
| Change In Payable | $-7,492 | $24,029,000 | $611,000 | $90,833,000 |
| Change In Account Payable | $-7,492 | $24,200,000 | $182,000 | $0 |
| Change In Prepaid Assets | $418 | $420,000 | $0 | $-7,114,000 |
| Change In Receivables | $12,971 | $-16,930,000 | $0 | $0 |
| Changes In Account Receivables | $12,971 | $-16,930,000 | $0 | $0 |
| Other Non Cash Items | $27,530 | $24,043,000 | - | $424,908,000 |
| Stock Based Compensation | $0 | $2,507,000 | $4,782,000 | $9,771,000 |
| Provisionand Write Offof Assets | $10,212 | $-86,000 | $0 | $0 |
| Asset Impairment Charge | $685,957 | $574,978,000 | $0 | $0 |
| Deferred Tax | $0 | $511,000 | $0 | $0 |
| Deferred Income Tax | $0 | $511,000 | $0 | $0 |
| Depreciation Amortization Depletion | $396 | $261,000 | $0 | $0 |
| Depreciation And Amortization | $396 | $261,000 | $0 | $0 |
| Depreciation | $396 | $261,000 | $0 | $0 |
| Gain Loss On Sale Of PPE | $0 | $105,000 | $0 | $0 |
| Net Income From Continuing Operations | $-748,414 | $-613,166,000 | $-25,102,000 | $-495,083,000 |
| Income Tax Paid Supplemental Data | - | $92,000 | $0 | $0 |
| Gain Loss On Investment Securities | - | $385,000 | - | - |
| Interest Paid Supplemental Data | - | - | $0 | $0 |
| Long Term Debt Payments | - | - | $0 | $0 |
| Common Stock Payments | - | - | - | $0 |
| Purchase Of PPE | - | - | - | $0 |
| Gain Loss On Sale Of Business | - | - | - | $-1,554,450,000 |
| Net Intangibles Purchase And Sale | - | - | - | - |
| Purchase Of Intangibles | - | - | - | - |