XChange TEC.INC
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & Equivalents | $1.5M | $1.2M | $49.0K | $390.0K | $2.5M | $3.4M | $22.4M |
| Accounts Receivable | $3.3M | $5.2M | — | $106.0K | $57.0K | $286.0K | $180.0K |
| Inventory | — | — | — | — | — | — | — |
| Total Current Assets | $5.6M | $9.6M | $11.7M | $10.0M | $27.4M | $29.9M | $83.5M |
| Property, Plant & Equipment | $1.0K | $1.0K | — | $70.0K | $6.0M | $52.7M | $165.8M |
| Goodwill | $3.3M | $101.1M | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $95.0K | — | — | $1.9M | $23.7M | $32.7M | $175.0K |
| Total Assets | $9.7M | $111.6M | $11.7M | $13.4M | $58.6M | $125.3M | $251.8M |
| Liabilities | |||||||
| Accounts Payable | $4.1M | $5.3M | $25.0K | $17.2M | $49.7M | $43.4M | $38.8M |
| Total Current Liabilities | $133.3M | $190.8M | — | $94.0M | $364.3M | $288.9M | $237.4M |
| Long-Term Debt | — | — | — | — | $31.2M | $68.5M | $59.9M |
| Total Liabilities | $133.4M | $190.9M | $99.9M | $94.0M | $444.3M | $419.1M | $365.2M |
| Stockholders' Equity | |||||||
| Retained Earnings | $-646.9M | $-549.6M | $-497.5M | $-500.3M | $-679.6M | $-561.1M | $-318.4M |
| Total Stockholders' Equity | $-123.6M | $-79.3M | $-88.2M | $-80.5M | $-387.1M | $-295.2M | $-314.2M |