X3 Holdings Co Ltd. (XTKG) 10-Year Financial Performance & Capital Metrics

XTKG • • Industrial / General

TechnologyApplication SoftwareBlockchain & CryptocurrencyBlockchain Platforms

AboutX3 Holdings Co Ltd., through its subsidiaries, provides software application and technology services to corporate and government customers engaged in global trade. The company offers digital transformation solutions that include developing a suite of cross-border digital trade platforms and services. It provides global digital trade platforms and services comprising cross-border trades, logistics and shipping, customs clearance, and transactions and settlements to international trading partners, logistics service providers, customs authorities, and other government agencies; and fintech services for financial institutions for enhancing risk control and ensuring efficient supply chain financing. In addition, the company offers digital solutions and services for developing and operating free trade zones, bonded goods facilities, cross border trade zones, and other regulated trade zones and facilities; blockchain applications enable supply chain transparency, streamlined customs clearance, expedited import and export process, and increased international trade volume for the regulated trade zones; and global trade supply chain and compliance platforms and solutions that facilitates streamlined documentation process and integrated data sharing relating to customs, tax, logistics and shipping, and strengthen collaboration for multinational manufacturing and international trade enterprises. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading. The company was formerly known as Powerbridge Technologies Co., Ltd. and changed its name to X3 Holdings Co Ltd. in January 2024. X3 Holdings Co Ltd. was founded in 1997 and is headquartered in Singapore.Show more

Revenue $12M -31.0%
EBITDA -$77M -60.6%
Net Income -$76M +30.4%
EPS (Diluted) -5.67 -59.3%
Gross Margin 39.8% +95.8%
EBITDA Margin -662.77% -132.6%
Operating Margin -718.28% -125.6%
Net Margin -656.57% -0.8%
ROE -78.62% +11.6%
ROIC -60.14% -91.6%
Debt/Equity 0.23 +232.5%
Interest Coverage -559.53 -50.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 56.2% through buybacks
✓Trading at only 0.0x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 0 (bottom 0%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 10.4% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-10.39%

3Y-28.74%

TTM-30.08%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-82.43%

EPS CAGR

10Y-

5Y-

3Y-

TTM63.91%

ROCE

10Y Avg17.23%

5Y Avg-33.79%

3Y Avg-50.05%

Latest-85.08%

Peer Comparison

Blockchain Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SLAISOLAI Limited	21.29M	1.14	0.01	-23.62%	36.67%	26.27%		0.04
XTKGX3 Holdings Co Ltd.	2.53M	0.16	-0.03	-30.99%	-5.83%	-311.47%		0.23
FTFTFuture FinTech Group Inc.	13.5M	0.67	-0.04	-90.05%	-15.27%	-63.79%		0.09
ALTSALT5 Sigma Corporation	228.42M	1.81	-3.23		-74.89%	-56.98%	0.78%	0.53
ELWSEarlyworks Co., Ltd	18.55M	6.08		145.52%	-370.81%	-263.56%		0.70

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	21.17M	21.63M	23.15M	20.1M	26.66M	32.09M	10.48M	16.82M	11.61M
Revenue Growth %	-	0.02%	0.07%	-0.13%	0.33%	0.2%	-0.67%	0.6%	-0.31%
Cost of Goods Sold+	13.65M	13.54M	15.32M	14.03M	17.27M	21.38M	6.72M	13.4M	6.99M
COGS % of Revenue	0.64%	0.63%	0.66%	0.7%	0.65%	0.67%	0.64%	0.8%	0.6%
Gross Profit+	7.53M	8.09M	7.83M	6.06M	9.39M	10.72M	3.77M	3.42M	4.62M
Gross Margin %	0.36%	0.37%	0.34%	0.3%	0.35%	0.33%	0.36%	0.2%	0.4%
Gross Profit Growth %	-	0.07%	-0.03%	-0.23%	0.55%	0.14%	-0.65%	-0.09%	0.35%
Operating Expenses+	3.79M	4.23M	6.82M	17.32M	12.68M	18.83M	23.87M	56.98M	88.02M
OpEx % of Revenue	0.18%	0.2%	0.29%	0.86%	0.48%	0.59%	2.28%	3.39%	7.58%
Selling, General & Admin	2.84M	3.05M	4.46M	11.86M	9.9M	16.22M	20.41M	19.67M	14.12M
SG&A % of Revenue	0.13%	0.14%	0.19%	0.59%	0.37%	0.51%	1.95%	1.17%	1.22%
Research & Development	947.51K	1.15M	1.99M	2.16M	2.78M	2.61M	3.46M	4.81M	4.06M
R&D % of Revenue	0.04%	0.05%	0.09%	0.11%	0.1%	0.08%	0.33%	0.29%	0.35%
Other Operating Expenses	0	0	0	3.29M	0	0	0	32.5M	69.84M
Operating Income+	3.74M	3.86M	1.01M	-11.25M	-3.29M	-8.11M	-20.1M	-53.56M	-83.4M
Operating Margin %	0.18%	0.18%	0.04%	-0.56%	-0.12%	-0.25%	-1.92%	-3.18%	-7.18%
Operating Income Growth %	-	0.03%	-0.74%	-12.11%	0.71%	-1.47%	-1.48%	-1.66%	-0.56%
EBITDA+	3.87M	4.17M	1.66M	-10.3M	-1.84M	-6.1M	-17.89M	-47.93M	-76.96M
EBITDA Margin %	0.18%	0.19%	0.07%	-0.51%	-0.07%	-0.19%	-1.71%	-2.85%	-6.63%
EBITDA Growth %	-	0.08%	-0.6%	-7.22%	0.82%	-2.32%	-1.94%	-1.68%	-0.61%
D&A (Non-Cash Add-back)	134.35K	313.55K	643.26K	952.2K	1.45M	2.02M	2.21M	5.63M	6.45M
EBIT	3.74M	3.86M	1.01M	-11.25M	-3.29M	-8.11M	-20.1M	-21.6M	-18.92M
Net Interest Income+	-18.2K	20.74K	-21.45K	0	0	0	-203.38K	-144.08K	-149.06K
Interest Income	0	13.11K	0	0	0	0	0	0	0
Interest Expense	18.2K	0	21.45K	0	0	0	203.38K	144.08K	149.06K
Other Income/Expense	250.25K	553.48K	584.21K	252.11K	-15.15M	-1.54M	-2.45M	-68.72M	-552.87K
Pretax Income+	3.99M	4.41M	1.6M	-11M	-18.44M	-9.66M	-22.55M	-122.28M	-83.96M
Pretax Margin %	0.19%	0.2%	0.07%	-0.55%	-0.69%	-0.3%	-2.15%	-7.27%	-7.23%
Income Tax+	536.39K	434.88K	43.19K	-213.35K	-80.53K	-173.94K	-999.39K	-57.34K	-122.75K
Effective Tax Rate %	0.87%	0.9%	0.97%	0.98%	0.99%	0.97%	0.95%	0.9%	0.91%
Net Income+	3.45M	3.98M	1.55M	-10.79M	-18.25M	-9.34M	-21.51M	-109.6M	-76.24M
Net Margin %	0.16%	0.18%	0.07%	-0.54%	-0.68%	-0.29%	-2.05%	-6.51%	-6.57%
Net Income Growth %	-	0.15%	-0.61%	-7.98%	-0.69%	0.49%	-1.3%	-4.1%	0.3%
Net Income (Continuing)	3.45M	3.98M	1.55M	-10.79M	-18.36M	-9.48M	-21.55M	-122.23M	-83.83M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	-6.93K	0	-15	-112.03K	-257.3K	-263.51K	11.18M	3.96M
EPS (Diluted)+	113.25	130.66	50.70	-291.15	-255.91	-45.51	-47.32	-3.56	-5.67
EPS Growth %	-	0.15%	-0.61%	-6.74%	0.12%	0.82%	-0.04%	0.92%	-0.59%
EPS (Basic)	113.25	130.66	50.70	-291.15	-255.91	-45.51	-47.32	-3.56	-5.67
Diluted Shares Outstanding	30.5K	30.5K	30.5K	37.05K	71.33K	205.27K	454.43K	30.74M	13.46M
Basic Shares Outstanding	30.5K	30.5K	30.5K	37.05K	71.33K	205.26K	454.43K	30.74M	13.46M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10.25M	17.61M	22.11M	20.05M	30.72M	38.62M	87.41M	31.07M	25.5M
Cash & Short-Term Investments	4.3M	2.96M	5.02M	5.87M	8.39M	6.96M	9.38M	2.99M	4.19M
Cash Only	4.3M	2.96M	5.02M	5.87M	8.39M	6.96M	9.38M	2.99M	4.19M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.14M	13.07M	15.94M	15.57M	20.33M	29.53M	76.58M	23.92M	19.53M
Days Sales Outstanding	88.52	220.59	251.35	282.73	278.34	335.86	2.67K	518.87	613.93
Inventory	0	0	0	0	0	95.25K	0	0	0
Days Inventory Outstanding	-	-	-	-	-	1.63	-	-	-
Other Current Assets	818.53K	1.57M	1.97M	-2.2M	0	0	0	4.16M	1.77M
Total Non-Current Assets+	2.82M	4.19M	5.67M	10.63M	75.46M	76.2M	42.84M	144.89M	60.9M
Property, Plant & Equipment	1.66M	3.43M	4.71M	6.56M	7.18M	10.26M	10.87M	6.26M	6.32M
Fixed Asset Turnover	12.74x	6.30x	4.92x	3.06x	3.71x	3.13x	0.96x	2.69x	1.84x
Goodwill	0	0	0	0	0	0	0	15.03M	4.84M
Intangible Assets	0	0	0	0	0	0	5.16M	35.03M	11.07M
Long-Term Investments	11.51K	109.39K	11.51K	0	63.43M	64.95M	30.76M	11.27M	55.91M
Other Non-Current Assets	1.1M	624.09K	865.5K	3.76M	4.43M	65.33M	-4.94M	76.27M	-18.22M
Total Assets+	13.08M	21.8M	27.78M	30.68M	106.18M	114.82M	130.59M	175.96M	86.4M
Asset Turnover	1.62x	0.99x	0.83x	0.65x	0.25x	0.28x	0.08x	0.10x	0.13x
Asset Growth %	-	0.67%	0.27%	0.1%	2.46%	0.08%	0.14%	0.35%	-0.51%
Total Current Liabilities+	12.05M	16.57M	21.34M	24.77M	33.49M	31.92M	27.94M	31.83M	34.46M
Accounts Payable	7.45M	12.12M	16.23M	19.77M	24.28M	21.1M	12.82M	18.57M	18.07M
Days Payables Outstanding	199.26	326.82	386.75	514.41	513.18	360.25	696.56	505.6	943.75
Short-Term Debt	0	230.51K	1.99M	1.58M	4.6M	7.12M	11.69M	9.52M	11.03M
Deferred Revenue (Current)	441.68K	803.27K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.09M	1.47M	2.65M	473.78K	1.34M	0	228.96K	0	444.13K
Current Ratio	0.85x	1.06x	1.04x	0.81x	0.92x	1.21x	3.13x	0.98x	0.74x
Quick Ratio	0.85x	1.06x	1.04x	0.81x	0.92x	1.21x	3.13x	0.98x	0.74x
Cash Conversion Cycle	-	-	-	-	-	-22.76	-	-	-
Total Non-Current Liabilities+	0	0	0	0	0	0	101.99K	109.96K	2.03M
Long-Term Debt	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	101.99K	109.96K	146.93K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	1.88M
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0
Total Liabilities	12.05M	16.57M	21.34M	24.77M	33.49M	31.92M	28.04M	31.94M	36.49M
Total Debt+	0	230.51K	1.99M	1.58M	4.6M	7.12M	11.88M	9.89M	11.39M
Net Debt	-4.3M	-2.73M	-3.02M	-4.29M	-3.79M	155.41K	2.5M	6.9M	7.2M
Debt / Equity	-	0.04x	0.31x	0.27x	0.06x	0.09x	0.12x	0.07x	0.23x
Debt / EBITDA	-	0.06x	1.20x	-	-	-	-	-	-
Net Debt / EBITDA	-1.11x	-0.65x	-1.83x	-	-	-	-	-	-
Interest Coverage	205.49x	-	47.22x	-	-	-	-98.82x	-371.75x	-559.53x
Total Equity+	1.02M	5.22M	6.44M	5.91M	72.69M	82.9M	102.55M	144.02M	49.91M
Equity Growth %	-	4.1%	0.23%	-0.08%	11.3%	0.14%	0.24%	0.4%	-0.65%
Book Value per Share	33.57	171.26	211.08	159.55	1019.13	403.85	225.67	4.68	3.71
Total Shareholders' Equity	1.02M	5.23M	6.44M	5.91M	72.81M	83.16M	102.81M	132.84M	45.94M
Common Stock	11.51K	11.51K	11.51K	14.95K	76.3K	94.66K	475.02K	103.88M	68
Retained Earnings	-4.73M	-740.29K	806K	-9.98M	-28.23M	-37.58M	-59.08M	-168.68M	-255.79M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	217.81K	439.2K	100.37K	-1.49K	814.34K	2.7M	-3.33M	-5.06M	-6.07M
Minority Interest	0	-6.93K	0	-15	-112.03K	-257.3K	-263.51K	11.18M	3.96M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.13M	1.33M	2.93M	-2.87M	1.05M	-9.76M	-9.66M	-11.15M	-992.44K
Operating CF Margin %	0.24%	0.06%	0.13%	-0.14%	0.04%	-0.3%	-0.92%	-0.66%	-0.09%
Operating CF Growth %	-	-0.74%	1.2%	-1.98%	1.37%	-10.28%	0.01%	-0.15%	0.91%
Net Income	3.45M	3.98M	1.55M	-10.79M	-18.36M	-9.48M	-21.55M	-109.6M	-83.83M
Depreciation & Amortization	134.35K	313.55K	643.26K	952.2K	1.45M	2.02M	2.21M	5.63M	6.45M
Stock-Based Compensation	0	0	0	2.35M	1.47M	6.34M	5.98M	6.06M	5.83M
Deferred Taxes	-7.53K	27.91K	0	-224.51K	-80.64K	-174.08K	-435.74K	-66.69K	-122.34K
Other Non-Cash Items	-667.18K	3.97M	5.38M	3.31M	15.45M	2.84M	7.48M	88.72M	70.24M
Working Capital Changes	1.53M	-3.02M	-4.64M	1.53M	1.12M	-11.3M	-3.35M	-1.9M	446.91K
Change in Receivables	-3.12M	-7.33M	-3.52M	711.41K	-2M	-10.46M	2.98M	-6.41M	259K
Change in Inventory	0	0	0	0	-317.86K	2.67M	924.72K	0	0
Change in Payables	4.08M	4.02M	0	3.77M	3.01M	-3.72M	-6.85M	6.08M	-1.59M
Cash from Investing+	-1.41M	-2.22M	-1.32M	-3.59M	-65.9M	-3.24M	-234.26K	-2.43M	-1.51M
Capital Expenditures	-1.24M	-1.84M	-2.16M	-2.9M	-1.62M	-4.89M	-2.63M	-679.15K	-723.98K
CapEx % of Revenue	0.06%	0.08%	0.09%	0.14%	0.06%	0.15%	0.25%	0.04%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-171.26K	-439.41K	844.55K	-692.23K	-64.28M	1.65M	2.35M	-1.81M	-834.25K
Cash from Financing+	-735.31K	-530.13K	598.49K	7.42M	70.04M	11.46M	12.4M	9.29M	2.18M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-735.31K	-752.09K	598.49K	-675.65K	-308.19K	-681.23K	-671.87K	40.48K	28.59K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	3.89M	-503.39K	767.91K	-5.77M	-571.57K	-14.66M	-13.53M	-13.07M	-2.62M
FCF Margin %	0.18%	-0.02%	0.03%	-0.29%	-0.02%	-0.46%	-1.29%	-0.78%	-0.23%
FCF Growth %	-	-1.13%	2.53%	-8.51%	0.9%	-24.64%	0.08%	0.03%	0.8%
FCF per Share	127.47	-16.51	25.18	-155.75	-8.01	-71.40	-29.77	-0.43	-0.19
FCF Conversion (FCF/Net Income)	1.49x	0.33x	1.90x	0.27x	-0.06x	1.04x	0.45x	0.10x	0.01x
Interest Paid	3.67K	22.13K	19.39K	123.28K	203.29K	211.2K	203.38K	144.08K	286.61K
Taxes Paid	41.33K	106.45K	0	107.07K	15.71K	3.84K	718	14.14K	172

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	337.41%	127.58%	26.52%	-174.71%	-46.44%	-12.01%	-23.19%	-88.9%	-78.62%
Return on Invested Capital (ROIC)	-	116.03%	25.7%	-335.31%	-6.99%	-8.01%	-16.03%	-31.39%	-60.14%
Gross Margin	35.55%	37.4%	33.84%	30.18%	35.23%	33.39%	35.94%	20.33%	39.8%
Net Margin	16.31%	18.42%	6.68%	-53.68%	-68.46%	-29.11%	-205.15%	-651.41%	-656.57%
Debt / Equity	-	0.04x	0.31x	0.27x	0.06x	0.09x	0.12x	0.07x	0.23x
Interest Coverage	205.49x	-	47.22x	-	-	-	-98.82x	-371.75x	-559.53x
FCF Conversion	1.49x	0.33x	1.90x	0.27x	-0.06x	1.04x	0.45x	0.10x	0.01x
Revenue Growth	-	2.14%	7.04%	-13.2%	32.69%	20.36%	-67.34%	60.5%	-30.99%

Revenue by Segment

	2018
Application development services	20.04M
Application development services Growth	-
Consulting and technical support services	2.39M
Consulting and technical support services Growth	-
Subscription services	723.46K
Subscription services Growth	-

Frequently Asked Questions

Growth & Financials

X3 Holdings Co Ltd. (XTKG) reported $24.8M in revenue for fiscal year 2024. This represents a 17% increase from $21.2M in 2016.

X3 Holdings Co Ltd. (XTKG) saw revenue decline by 31.0% over the past year.

X3 Holdings Co Ltd. (XTKG) reported a net loss of $144.8M for fiscal year 2024.

Dividend & Returns

X3 Holdings Co Ltd. (XTKG) has a return on equity (ROE) of -78.6%. Negative ROE indicates the company is unprofitable.

X3 Holdings Co Ltd. (XTKG) had negative free cash flow of $8.0M in fiscal year 2024, likely due to heavy capital investments.

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X3 Holdings Co Ltd. (XTKG) 10-Year Financial Performance & Capital Metrics

XTKG • • Industrial / General

TechnologyApplication SoftwareBlockchain & CryptocurrencyBlockchain Platforms

Revenue $12M -31.0%
EBITDA -$77M -60.6%
Net Income -$76M +30.4%
EPS (Diluted) -5.67 -59.3%
Gross Margin 39.8% +95.8%
EBITDA Margin -662.77% -132.6%
Operating Margin -718.28% -125.6%
Net Margin -656.57% -0.8%
ROE -78.62% +11.6%
ROIC -60.14% -91.6%
Debt/Equity 0.23 +232.5%
Interest Coverage -559.53 -50.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 56.2% through buybacks
✓Trading at only 0.0x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 0 (bottom 0%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 10.4% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-10.39%

3Y-28.74%

TTM-30.08%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-82.43%

EPS CAGR

10Y-

5Y-

3Y-

TTM63.91%

ROCE

10Y Avg17.23%

5Y Avg-33.79%

3Y Avg-50.05%

Latest-85.08%

Peer Comparison

Blockchain Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SLAISOLAI Limited	21.29M	1.14	0.01	-23.62%	36.67%	26.27%		0.04
XTKGX3 Holdings Co Ltd.	2.53M	0.16	-0.03	-30.99%	-5.83%	-311.47%		0.23
FTFTFuture FinTech Group Inc.	13.5M	0.67	-0.04	-90.05%	-15.27%	-63.79%		0.09
ALTSALT5 Sigma Corporation	228.42M	1.81	-3.23		-74.89%	-56.98%	0.78%	0.53
ELWSEarlyworks Co., Ltd	18.55M	6.08		145.52%	-370.81%	-263.56%		0.70

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	21.17M	21.63M	23.15M	20.1M	26.66M	32.09M	10.48M	16.82M	11.61M
Revenue Growth %	-	0.02%	0.07%	-0.13%	0.33%	0.2%	-0.67%	0.6%	-0.31%
Cost of Goods Sold+	13.65M	13.54M	15.32M	14.03M	17.27M	21.38M	6.72M	13.4M	6.99M
COGS % of Revenue	0.64%	0.63%	0.66%	0.7%	0.65%	0.67%	0.64%	0.8%	0.6%
Gross Profit+	7.53M	8.09M	7.83M	6.06M	9.39M	10.72M	3.77M	3.42M	4.62M
Gross Margin %	0.36%	0.37%	0.34%	0.3%	0.35%	0.33%	0.36%	0.2%	0.4%
Gross Profit Growth %	-	0.07%	-0.03%	-0.23%	0.55%	0.14%	-0.65%	-0.09%	0.35%
Operating Expenses+	3.79M	4.23M	6.82M	17.32M	12.68M	18.83M	23.87M	56.98M	88.02M
OpEx % of Revenue	0.18%	0.2%	0.29%	0.86%	0.48%	0.59%	2.28%	3.39%	7.58%
Selling, General & Admin	2.84M	3.05M	4.46M	11.86M	9.9M	16.22M	20.41M	19.67M	14.12M
SG&A % of Revenue	0.13%	0.14%	0.19%	0.59%	0.37%	0.51%	1.95%	1.17%	1.22%
Research & Development	947.51K	1.15M	1.99M	2.16M	2.78M	2.61M	3.46M	4.81M	4.06M
R&D % of Revenue	0.04%	0.05%	0.09%	0.11%	0.1%	0.08%	0.33%	0.29%	0.35%
Other Operating Expenses	0	0	0	3.29M	0	0	0	32.5M	69.84M
Operating Income+	3.74M	3.86M	1.01M	-11.25M	-3.29M	-8.11M	-20.1M	-53.56M	-83.4M
Operating Margin %	0.18%	0.18%	0.04%	-0.56%	-0.12%	-0.25%	-1.92%	-3.18%	-7.18%
Operating Income Growth %	-	0.03%	-0.74%	-12.11%	0.71%	-1.47%	-1.48%	-1.66%	-0.56%
EBITDA+	3.87M	4.17M	1.66M	-10.3M	-1.84M	-6.1M	-17.89M	-47.93M	-76.96M
EBITDA Margin %	0.18%	0.19%	0.07%	-0.51%	-0.07%	-0.19%	-1.71%	-2.85%	-6.63%
EBITDA Growth %	-	0.08%	-0.6%	-7.22%	0.82%	-2.32%	-1.94%	-1.68%	-0.61%
D&A (Non-Cash Add-back)	134.35K	313.55K	643.26K	952.2K	1.45M	2.02M	2.21M	5.63M	6.45M
EBIT	3.74M	3.86M	1.01M	-11.25M	-3.29M	-8.11M	-20.1M	-21.6M	-18.92M
Net Interest Income+	-18.2K	20.74K	-21.45K	0	0	0	-203.38K	-144.08K	-149.06K
Interest Income	0	13.11K	0	0	0	0	0	0	0
Interest Expense	18.2K	0	21.45K	0	0	0	203.38K	144.08K	149.06K
Other Income/Expense	250.25K	553.48K	584.21K	252.11K	-15.15M	-1.54M	-2.45M	-68.72M	-552.87K
Pretax Income+	3.99M	4.41M	1.6M	-11M	-18.44M	-9.66M	-22.55M	-122.28M	-83.96M
Pretax Margin %	0.19%	0.2%	0.07%	-0.55%	-0.69%	-0.3%	-2.15%	-7.27%	-7.23%
Income Tax+	536.39K	434.88K	43.19K	-213.35K	-80.53K	-173.94K	-999.39K	-57.34K	-122.75K
Effective Tax Rate %	0.87%	0.9%	0.97%	0.98%	0.99%	0.97%	0.95%	0.9%	0.91%
Net Income+	3.45M	3.98M	1.55M	-10.79M	-18.25M	-9.34M	-21.51M	-109.6M	-76.24M
Net Margin %	0.16%	0.18%	0.07%	-0.54%	-0.68%	-0.29%	-2.05%	-6.51%	-6.57%
Net Income Growth %	-	0.15%	-0.61%	-7.98%	-0.69%	0.49%	-1.3%	-4.1%	0.3%
Net Income (Continuing)	3.45M	3.98M	1.55M	-10.79M	-18.36M	-9.48M	-21.55M	-122.23M	-83.83M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	-6.93K	0	-15	-112.03K	-257.3K	-263.51K	11.18M	3.96M
EPS (Diluted)+	113.25	130.66	50.70	-291.15	-255.91	-45.51	-47.32	-3.56	-5.67
EPS Growth %	-	0.15%	-0.61%	-6.74%	0.12%	0.82%	-0.04%	0.92%	-0.59%
EPS (Basic)	113.25	130.66	50.70	-291.15	-255.91	-45.51	-47.32	-3.56	-5.67
Diluted Shares Outstanding	30.5K	30.5K	30.5K	37.05K	71.33K	205.27K	454.43K	30.74M	13.46M
Basic Shares Outstanding	30.5K	30.5K	30.5K	37.05K	71.33K	205.26K	454.43K	30.74M	13.46M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10.25M	17.61M	22.11M	20.05M	30.72M	38.62M	87.41M	31.07M	25.5M
Cash & Short-Term Investments	4.3M	2.96M	5.02M	5.87M	8.39M	6.96M	9.38M	2.99M	4.19M
Cash Only	4.3M	2.96M	5.02M	5.87M	8.39M	6.96M	9.38M	2.99M	4.19M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.14M	13.07M	15.94M	15.57M	20.33M	29.53M	76.58M	23.92M	19.53M
Days Sales Outstanding	88.52	220.59	251.35	282.73	278.34	335.86	2.67K	518.87	613.93
Inventory	0	0	0	0	0	95.25K	0	0	0
Days Inventory Outstanding	-	-	-	-	-	1.63	-	-	-
Other Current Assets	818.53K	1.57M	1.97M	-2.2M	0	0	0	4.16M	1.77M
Total Non-Current Assets+	2.82M	4.19M	5.67M	10.63M	75.46M	76.2M	42.84M	144.89M	60.9M
Property, Plant & Equipment	1.66M	3.43M	4.71M	6.56M	7.18M	10.26M	10.87M	6.26M	6.32M
Fixed Asset Turnover	12.74x	6.30x	4.92x	3.06x	3.71x	3.13x	0.96x	2.69x	1.84x
Goodwill	0	0	0	0	0	0	0	15.03M	4.84M
Intangible Assets	0	0	0	0	0	0	5.16M	35.03M	11.07M
Long-Term Investments	11.51K	109.39K	11.51K	0	63.43M	64.95M	30.76M	11.27M	55.91M
Other Non-Current Assets	1.1M	624.09K	865.5K	3.76M	4.43M	65.33M	-4.94M	76.27M	-18.22M
Total Assets+	13.08M	21.8M	27.78M	30.68M	106.18M	114.82M	130.59M	175.96M	86.4M
Asset Turnover	1.62x	0.99x	0.83x	0.65x	0.25x	0.28x	0.08x	0.10x	0.13x
Asset Growth %	-	0.67%	0.27%	0.1%	2.46%	0.08%	0.14%	0.35%	-0.51%
Total Current Liabilities+	12.05M	16.57M	21.34M	24.77M	33.49M	31.92M	27.94M	31.83M	34.46M
Accounts Payable	7.45M	12.12M	16.23M	19.77M	24.28M	21.1M	12.82M	18.57M	18.07M
Days Payables Outstanding	199.26	326.82	386.75	514.41	513.18	360.25	696.56	505.6	943.75
Short-Term Debt	0	230.51K	1.99M	1.58M	4.6M	7.12M	11.69M	9.52M	11.03M
Deferred Revenue (Current)	441.68K	803.27K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.09M	1.47M	2.65M	473.78K	1.34M	0	228.96K	0	444.13K
Current Ratio	0.85x	1.06x	1.04x	0.81x	0.92x	1.21x	3.13x	0.98x	0.74x
Quick Ratio	0.85x	1.06x	1.04x	0.81x	0.92x	1.21x	3.13x	0.98x	0.74x
Cash Conversion Cycle	-	-	-	-	-	-22.76	-	-	-
Total Non-Current Liabilities+	0	0	0	0	0	0	101.99K	109.96K	2.03M
Long-Term Debt	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	101.99K	109.96K	146.93K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	1.88M
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0
Total Liabilities	12.05M	16.57M	21.34M	24.77M	33.49M	31.92M	28.04M	31.94M	36.49M
Total Debt+	0	230.51K	1.99M	1.58M	4.6M	7.12M	11.88M	9.89M	11.39M
Net Debt	-4.3M	-2.73M	-3.02M	-4.29M	-3.79M	155.41K	2.5M	6.9M	7.2M
Debt / Equity	-	0.04x	0.31x	0.27x	0.06x	0.09x	0.12x	0.07x	0.23x
Debt / EBITDA	-	0.06x	1.20x	-	-	-	-	-	-
Net Debt / EBITDA	-1.11x	-0.65x	-1.83x	-	-	-	-	-	-
Interest Coverage	205.49x	-	47.22x	-	-	-	-98.82x	-371.75x	-559.53x
Total Equity+	1.02M	5.22M	6.44M	5.91M	72.69M	82.9M	102.55M	144.02M	49.91M
Equity Growth %	-	4.1%	0.23%	-0.08%	11.3%	0.14%	0.24%	0.4%	-0.65%
Book Value per Share	33.57	171.26	211.08	159.55	1019.13	403.85	225.67	4.68	3.71
Total Shareholders' Equity	1.02M	5.23M	6.44M	5.91M	72.81M	83.16M	102.81M	132.84M	45.94M
Common Stock	11.51K	11.51K	11.51K	14.95K	76.3K	94.66K	475.02K	103.88M	68
Retained Earnings	-4.73M	-740.29K	806K	-9.98M	-28.23M	-37.58M	-59.08M	-168.68M	-255.79M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	217.81K	439.2K	100.37K	-1.49K	814.34K	2.7M	-3.33M	-5.06M	-6.07M
Minority Interest	0	-6.93K	0	-15	-112.03K	-257.3K	-263.51K	11.18M	3.96M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.13M	1.33M	2.93M	-2.87M	1.05M	-9.76M	-9.66M	-11.15M	-992.44K
Operating CF Margin %	0.24%	0.06%	0.13%	-0.14%	0.04%	-0.3%	-0.92%	-0.66%	-0.09%
Operating CF Growth %	-	-0.74%	1.2%	-1.98%	1.37%	-10.28%	0.01%	-0.15%	0.91%
Net Income	3.45M	3.98M	1.55M	-10.79M	-18.36M	-9.48M	-21.55M	-109.6M	-83.83M
Depreciation & Amortization	134.35K	313.55K	643.26K	952.2K	1.45M	2.02M	2.21M	5.63M	6.45M
Stock-Based Compensation	0	0	0	2.35M	1.47M	6.34M	5.98M	6.06M	5.83M
Deferred Taxes	-7.53K	27.91K	0	-224.51K	-80.64K	-174.08K	-435.74K	-66.69K	-122.34K
Other Non-Cash Items	-667.18K	3.97M	5.38M	3.31M	15.45M	2.84M	7.48M	88.72M	70.24M
Working Capital Changes	1.53M	-3.02M	-4.64M	1.53M	1.12M	-11.3M	-3.35M	-1.9M	446.91K
Change in Receivables	-3.12M	-7.33M	-3.52M	711.41K	-2M	-10.46M	2.98M	-6.41M	259K
Change in Inventory	0	0	0	0	-317.86K	2.67M	924.72K	0	0
Change in Payables	4.08M	4.02M	0	3.77M	3.01M	-3.72M	-6.85M	6.08M	-1.59M
Cash from Investing+	-1.41M	-2.22M	-1.32M	-3.59M	-65.9M	-3.24M	-234.26K	-2.43M	-1.51M
Capital Expenditures	-1.24M	-1.84M	-2.16M	-2.9M	-1.62M	-4.89M	-2.63M	-679.15K	-723.98K
CapEx % of Revenue	0.06%	0.08%	0.09%	0.14%	0.06%	0.15%	0.25%	0.04%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-171.26K	-439.41K	844.55K	-692.23K	-64.28M	1.65M	2.35M	-1.81M	-834.25K
Cash from Financing+	-735.31K	-530.13K	598.49K	7.42M	70.04M	11.46M	12.4M	9.29M	2.18M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-735.31K	-752.09K	598.49K	-675.65K	-308.19K	-681.23K	-671.87K	40.48K	28.59K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	3.89M	-503.39K	767.91K	-5.77M	-571.57K	-14.66M	-13.53M	-13.07M	-2.62M
FCF Margin %	0.18%	-0.02%	0.03%	-0.29%	-0.02%	-0.46%	-1.29%	-0.78%	-0.23%
FCF Growth %	-	-1.13%	2.53%	-8.51%	0.9%	-24.64%	0.08%	0.03%	0.8%
FCF per Share	127.47	-16.51	25.18	-155.75	-8.01	-71.40	-29.77	-0.43	-0.19
FCF Conversion (FCF/Net Income)	1.49x	0.33x	1.90x	0.27x	-0.06x	1.04x	0.45x	0.10x	0.01x
Interest Paid	3.67K	22.13K	19.39K	123.28K	203.29K	211.2K	203.38K	144.08K	286.61K
Taxes Paid	41.33K	106.45K	0	107.07K	15.71K	3.84K	718	14.14K	172

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	337.41%	127.58%	26.52%	-174.71%	-46.44%	-12.01%	-23.19%	-88.9%	-78.62%
Return on Invested Capital (ROIC)	-	116.03%	25.7%	-335.31%	-6.99%	-8.01%	-16.03%	-31.39%	-60.14%
Gross Margin	35.55%	37.4%	33.84%	30.18%	35.23%	33.39%	35.94%	20.33%	39.8%
Net Margin	16.31%	18.42%	6.68%	-53.68%	-68.46%	-29.11%	-205.15%	-651.41%	-656.57%
Debt / Equity	-	0.04x	0.31x	0.27x	0.06x	0.09x	0.12x	0.07x	0.23x
Interest Coverage	205.49x	-	47.22x	-	-	-	-98.82x	-371.75x	-559.53x
FCF Conversion	1.49x	0.33x	1.90x	0.27x	-0.06x	1.04x	0.45x	0.10x	0.01x
Revenue Growth	-	2.14%	7.04%	-13.2%	32.69%	20.36%	-67.34%	60.5%	-30.99%

Revenue by Segment

	2018
Application development services	20.04M
Application development services Growth	-
Consulting and technical support services	2.39M
Consulting and technical support services Growth	-
Subscription services	723.46K
Subscription services Growth	-

Frequently Asked Questions

Growth & Financials

X3 Holdings Co Ltd. (XTKG) reported $24.8M in revenue for fiscal year 2024. This represents a 17% increase from $21.2M in 2016.

X3 Holdings Co Ltd. (XTKG) saw revenue decline by 31.0% over the past year.

X3 Holdings Co Ltd. (XTKG) reported a net loss of $144.8M for fiscal year 2024.

Dividend & Returns

X3 Holdings Co Ltd. (XTKG) has a return on equity (ROE) of -78.6%. Negative ROE indicates the company is unprofitable.

X3 Holdings Co Ltd. (XTKG) had negative free cash flow of $8.0M in fiscal year 2024, likely due to heavy capital investments.