← XChange TEC.INC
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $889.9m |
$172.6m
-80.60%
|
$177.9m
+3.07%
|
$160.8m
-9.61%
|
$91.7m
-42.98%
|
$4k
-100.00%
|
$41.1m
+1027200.00%
|
$51.3m
+24.86%
|
$22.5m
-56.10%
|
|
| Revenue from Contract with Customer, Including Assessed Tax | — | $152.4m | $162.8m | $145.8m | $79.5m | — | — | — | — | |
| Other Cost of Operating Revenue | — | $98.1b | $56.2b | $7.8b | $47k | — | $288.4m | $365.3m | — | |
| Cost of Goods and Services Sold | ($898.0m) |
$158.2m
+117.62%
|
$163.1m
+3.07%
|
$147.4m
-9.61%
|
$84.0m
-42.98%
|
$4k
-100.00%
|
$39.2m
+1068483.49%
|
$47.0m
+20.04%
|
$21.2m
-54.96%
|
|
| Cost of revenue | ($898.0m) |
($1.3b)
-45.33%
|
($1.2b)
+7.78%
|
($949.7m)
+21.09%
|
($711.0m)
+25.13%
|
$0
+100.00%
|
($274.9m) |
($357.3m)
-29.96%
|
$21.2m
+105.93%
|
|
| Reconciled Cost Of Revenue | — | — | — | — | $0 | $0 | $274.9m |
$357k
-99.87%
|
$21.2m
+5827.87%
|
|
| Net Interest Income | — | — | — | — | ($42.0m) |
($1.6m)
+96.28%
|
($26.1m)
-1568.05%
|
($28k)
+99.89%
|
$7.6m
+27727.52%
|
|
| Gross Profit | ($8.0m) |
($1.1b)
-14015.94%
|
($1.0b)
+9.44%
|
($788.8m)
+23.08%
|
($619.3m)
+21.49%
|
$0
+100.00%
|
$1.9m |
$1.1m
-41.43%
|
$1.3m
+19.57%
|
|
| Interest Income (Expense), Net | — | — | — | — | — | $4k | — | — | — | |
| Research And Development | — | — | — | — | $22k | $46k | $24k | $0 | $0 | |
| Research and Development Expense | — | $6.6m | $3.7m | $1.2m | $393k | — | $3k | — | $0 | |
| Research and development expenses | ($51.9m) | ($47.0m) | ($24.9m) | ($7.8m) | ($2.8m) | ($46k) | ($24k) | — | $0 | |
| Selling and Marketing Expense | — | $18.9m | $9.4m | $2.0m | $2k | $3k | $1.6m | $1.4m | ($4.0m) | |
| Selling and marketing expenses | ($117.8m) | ($135.4m) | ($63.5m) | ($13.1m) | ($13k) | ($24k) | ($11.2m) | ($9.9m) | ($4.0m) | |
| General and Administrative Expense | — | $15.1m | $15.1m | $33.7m | $8.7m | $3.5m | $2.3m | $4.6m | ($3.4m) | |
| General and administrative expenses | ($85.0m) | ($108.2m) | ($102.8m) | ($217.1m) | ($62.2m) | ($25.7m) | ($16.1m) | ($32.5m) | ($3.4m) | |
| Amortization of Intangible Assets | — | — | $75.7m | $58.9m | $26.4m | — | — | — | — | |
| Restructuring And Mergern Acquisition | — | — | — | $0 | $0 | — | — | — | — | |
| Operating Costs and Expenses | — | $1.3t | $1.2t | $949.7b | $711.0m | $3.5m | — | — | — | |
| Operating Expenses | — | — | — | — | — | — | $85.8m | $102.3m | $16.0m | |
| Other Operating Expenses | — | — | — | $18.5m | $8.1m | ($9k) | — | — | — | |
| Total operating expenses | — | — | — | — | ($29.4m) | ($23.5m) | ($602.3m) | ($728.3m) | ($5.1m) | |
| Other Non Operating Income Expenses | — | — | — | — | ($423.7m) | — | $2.3m | ($500) | — | |
| Operating Income (Loss) | — | ($62.7m) |
($221.0m)
-252.43%
|
($62.0m)
+71.94%
|
($34.3m)
+44.73%
|
($3.5m)
+89.71%
|
($83.9m)
-2278.99%
|
($101.2m)
-20.59%
|
$6.5m
+106.41%
|
|
| Other Operating Income (Expense), Net | — | $340k | $2.3m | ($2.9m) | ($1.1m) | $409k | ($586.5m) | ($721k) | — | |
| Interest Expense | — | $113.9m | $134.1m | $127.4m | $42.0m | $215k | $26.1m | $28k | ($7.6m) | |
| Interest expense, net | ($77.2m) | ($91.9m) | ($130.2m) | ($127.3m) | ($66.9m) | ($1.6m) | ($26.1m) | ($27.5m) | ($7.6m) | |
| Net Non Operating Interest Income Expense | — | — | — | — | ($42.0m) | ($1.6m) | ($26.1m) | ($28k) | $7.6m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($64k) | ($9k) | ($38k) | — | — | $329k | ($70k) | — | |
| Gain On Sale Of Business | — | — | — | $0 | $1.6b | — | — | — | — | |
| Gain On Sale Of PPE | — | — | — | ($30.2m) | ($12.0m) | — | — | — | — | |
| Other Income | — | $20.2m | $15.1m | $15.1m | $12.2m | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | — | — | $1k | ($3.4m) | ($3.9m) | — | |
| Other income (expense), net | ($91k) | ($457k) | ($62k) | ($244k) | ($8.1m) | — | $2.3m | ($500k) | $645.0m | |
| Interest Expense (non-operating) | — | — | — | — | $42.0m | $1.6m | $3.7m | $3.9m | ($7.6m) | |
| Other Income Expense | — | — | — | ($272.0m) | ($423.7m) | — | ($572.7m) | ($686k) | $645.0m | |
| Interest Income (Expense), Nonoperating, Net | — | ($12.9m) | ($19.2m) | ($19.8m) | ($9.4m) | — | — | — | — | |
| Total Other Expense | — | — | — | — | ($465.7m) | $9k | ($23.8m) | ($28.0m) | — | |
| Loss from continuing operations before income taxes | ($497.5m) | ($498.3m) | ($1.5b) | ($569.2m) | $820.0m | ($27.3m) | ($612.6m) | ($748.4m) | — | |
| Pre-Tax Income | — | — | — | — | ($495.1m) | ($25.1m) | ($612.6m) | ($748k) | $659.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | ($69.7m) | ($225.9m) | ($88.3m) | $115.3m | ($3.7m) | ($87.3m) | ($105.1m) | $659.1m | |
| Current Income Tax Expense (Benefit) | $2.4m | $63k | $13k | $31k | $21k | — | $548k | $46k | ($5k) | |
| Income Tax Expense (Benefit) | — | $9k | $2k | $5k | $3k | — | $78k | $6k | ($5k) | |
| Net loss from continuing operations | — | — | — | ($130.6m) | ($495.1m) | ($27.3m) | ($613.2m) | ($748.4m) | — | |
| Net loss | ($499.9m) | ($498.3m) | ($1.5b) | ($569.2m) | $820.0m | ($71.3m) | ($226.8m) | ($748.4m) | — | |
| Net Income From Continuing And Discontinued Operation | — | — | — | — | $820.0m | ($71.3m) | ($226.8m) | ($748k) | $659.1m | |
| Net Income Discontinuous Operations | — | — | — | — | $1.3b | ($46.2m) | $386.3m | $0 | $0 | |
| Net loss attributable to XChange TEC.INC’s ordinary shareholders | ($635.4m) | ($805.6m) | ($1.5b) | ($569.2m) | $820.0m | ($71.3m) | ($226.8m) | ($748.4m) | — | |
| Net loss from continuing operations attributable to XChange TEC.INC’s ordinary shareholders | — | — | — | — | ($495.1m) | ($25.1m) | ($613.2m) | ($748.4m) | — | |
| Net loss (income) from discontinued operations attributable to XChange TEC.INC’s ordinary shareholders | — | — | — | ($438.6m) | $1.3b | ($44.0m) | $386.3m | — | — | |
| Net losses per share from continuing operations attributable to ordinary shareholders of XChange TEC.INC —Basic (in Dollars per share and Yuan Renminbi per share) | — | — | — | $0 | $0 | $0 | $0 | $0 | — | |
| Net losses per share from continuing operations attributable to ordinary shareholders of XChange TEC.INC —Diluted (in Dollars per share and Yuan Renminbi per share) | — | — | — | $0 | $0 | $0 | $0 | $0 | — | |
| Net losses (earning) from per share discontinued operations attributable to ordinary shareholders of XChange TEC.INC —Basic (in Dollars per share and Yuan Renminbi per share) | — | — | — | $0 | $0 | $0 | $0 | $0 | — | |
| Net earnings (loss) from per share discontinued operations attributable to ordinary shareholders of XChange TEC.INC —Diluted (in Dollars per share and Yuan Renminbi per share) | — | — | — | — | $0 | $0 | $0 | — | $659.1m | |
| Net Income (Loss) Attributable to Parent | — | ($69.7m) |
($225.9m)
-224.04%
|
($88.3m)
+60.89%
|
$115.3m
+230.50%
|
($71.3m)
-161.86%
|
($226.8m)
-218.06%
|
($105.1m)
+53.65%
|
$659.1m
+726.90%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($112.7m) |
($225.9m)
-100.40%
|
($88.3m)
+60.89%
|
$820.0m
+1028.31%
|
($9.8m)
-101.19%
|
($32.3m)
-230.69%
|
($105.1m)
-225.26%
|
$659.1m
+726.90%
|
|
| Net Income From Continuing Operation Net Minority Interest | — | — | — | — | ($495.0m) | ($25.1m) | ($613.2m) | ($748k) | $659.1m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($13k) | ($7k) | ($4k) | ($6k) | — | — | — | $659.1m | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | $0 | $0 | $0 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | $0 | $0 | $0 | — | |
| Earnings Per Share, Basic | — | — | — | ($829,699.71) | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Earnings Per Share, Diluted | — | — | — | ($829,699.71) | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | 10.3b | 2,805.1b | 21,007.4b | 50.3b | 185k | |
| Basic Average Shares | — | — | — | $686 | $11k | $12k | $331k | — | $185k | |
| Diluted Average Shares | — | — | — | $686 | $11k | $12k | $331k | — | $185k | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | 10.3b | 2,805.1b | 21,007.4b | 50.3b | 185k | |
| Additional Financial Items | ||||||||||
| Goodwill, Impairment Loss | — | — | — | — | — | — | $81.9m | $96.4m | ($644.2m) | |
| Loss from continuing operations | ($426.4m) | ($448.3m) | ($1.5b) | ($399.7m) | ($243.9m) | ($25.7m) | ($588.8m) | ($720.3m) | — | |
| Loss from discontinued operations | — | — | — | — | $1.3b | ($46.2m) | ($2.1m) | — | — | |
| Net (loss) income from discontinuing operations | — | — | — | ($438.6m) | $1.3b | ($44.0m) | $386.3m | — | — | |
| Foreign currency translation adjustments | $4.6m | ($7.6m) | $24.3m | $20.4m | ($9.3m) | ($4.0m) | $14.2m | ($22.1m) | — | |
| Comprehensive loss attributable to XChange TEC.INC’s ordinary shareholders | ($495.3m) | ($505.9m) | ($1.5b) | ($548.7m) | $810.7m | ($75.3m) | ($127.1m) | ($770.5m) | — | |
| Diluted EPS | — | — | — | ($829,699.71) | $0.00 | $0.00 | $0.00 | — | $0.00 | |
| Diluted NI Availto Com Stockholders | — | — | — | — | $820.0m | ($71.3m) | ($226.8m) | ($748k) | $659.1m | |
| Impairment Of Capital Assets | — | — | — | — | $0 | $0 | $575.0m | $686k | ($644.2m) | |
| Minority Interests | — | — | — | $28k | $43k | $0 | $0 | — | $0 | |
| Normalized EBITDA | — | — | — | — | ($453.0m) | ($23.5m) | ($11.3m) | ($34k) | $651.4m | |
| Normalized Income | — | — | — | — | ($495.0m) | ($25.1m) | ($181.9m) | ($234k) | $272.1m | |
| Other Gand A | — | — | — | — | $29.3m | $23.5m | $16.1m | $32k | — | |
| Reconciled Depreciation | — | — | — | — | $0 | $0 | $261k | $396 | $396 | |
| Selling General And Administration | — | — | — | — | $29.3m | $23.5m | $27.3m | $42k | — | |
| Special Income Charges | — | — | — | — | $0 | $0 | ($575.0m) | ($686k) | $644.2m | |
| Tax Effect Of Unusual Items | — | — | — | — | $0 | $0 | ($143.7m) | ($171k) | $258.0m | |
| Tax Provision | — | — | — | — | $0 | $0 | $548k | $46 | ($5k) | |
| Tax Rate For Calcs | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Costs and Expenses | — | $235.3m | $399.0m | $222.8m | $126.0m | — | — | — | — | |
| Operating Expense | — | — | — | — | $29.4m | $23.5m | $27.3m | $42k | ($5.1m) | |
| Rent Expense Supplemental | — | — | — | $642.4m | $539.5m | — | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | $55.4m | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($3.7m) | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($3.7m) | ($87.4m) | ($105.1m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($6.0m) | $55.1m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($6.0m) | $55.1m | — | — | |
| Total Unusual Items | — | — | — | — | $0 | $0 | ($575.0m) | ($686k) | $645.0m | |
| Total Expenses | — | — | — | — | $29.4m | $23.5m | $302.2m | $400k | ($5.1m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.