XChange TEC.INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | $51.3M | $41.1M | $91.7M | $160.8M | $177.9M | $172.6M |
| Cost of Revenue | $50.2M | $39.2M | $100.0M | $147.4M | $177.2M | $182.6M |
| Gross Profit | $1.1M | $1.9M | $-8.2M | $13.4M | $668.0K | $-10.0M |
| Gross Margin | 2.2% | 4.7% | -9.0% | 8.4% | 0.4% | -5.8% |
| Operating Expenses | ||||||
| Research & Development | — | $3.0K | $393.0K | $1.2M | $3.7M | $6.6M |
| SG&A Expense | $4.6M | $2.3M | $8.7M | $33.7M | $15.1M | $15.1M |
| Operating Income | $-101.2M | $-83.9M | $-34.3M | $-62.0M | $-221.0M | $-62.7M |
| Operating Margin | -197.2% | -204.2% | -37.4% | -38.6% | -124.2% | -36.3% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $-105.1M | $-87.3M | $115.3M | $-88.3M | $-225.9M | $-69.7M |
| Income Tax Expense | $6.0K | $78.0K | $3.0K | $5.0K | $2.0K | $9.0K |
| Net Income | $-105.1M | $-32.3M | $115.3M | $-88.3M | $-225.9M | $-69.7M |
| Net Margin | -204.9% | -78.7% | 125.7% | -54.9% | -127.0% | -40.4% |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 50.25B | 21.01T | 1.03T | 1.02T | 1.02T | 325.42B |
| Shares Outstanding (Diluted) | 50.25B | 21.01T | 1.03T | 1.02T | 1.02T | 325.42B |
| Dividends Per Share | — | — | — | — | — | — |