XChange TEC.INC (XHG) Revenue History
Annual and quarterly revenue from 2017 to 2024
Compound Annual Growth Rate (CAGR)
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XHG Revenue Growth
XHG Revenue Analysis (2017–2024)
As of May 6, 2026, XChange TEC.INC (XHG) generated trailing twelve-month (TTM) revenue of $376.2 million, reflecting strong growth of +14.5% year-over-year. The most recent quarter (Q2 2025) recorded $87.8 million in revenue, down 58.5% sequentially.
Looking at the longer-term picture, XHG's 5-year compound annual growth rate (CAGR) stands at -25.2%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.23 billion in 2019.
When compared to Real Estate sector peers including XTIA (-31.6% YoY), BTBT, and GFAI (+4.0% YoY), XHG has underperformed the peer group in terms of revenue growth. Compare XHG vs XTIA →
XHG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| XHGCurrent | $376M | +14.5% | -25.2% | -204.2% | |
 XTIA | $3M | -31.6% | -12.7% | -1154.9% | |
 BTBT | $164M | - | - | 16.8% | |
 GFAI | $36M | +4.0% | -1.2% | -18.5% | |
 FTFT | $4M | +161.6% | +59.7% | -888.0% | |
 RCON | $66M | -26.8% | +0.4% | -86.5% |
XHG Historical Revenue Data (2017–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $288.4M | - | $13.5M | 4.7% | $-588,824,000 | -204.2% |
| 2023 | $0 | -100.0% | $0 | - | $-25,732,000 | - |
| 2022 | $652.3M | -37.0% | $-58,670,000 | -9.0% | $-29,355,000 | -4.5% |
| 2021 | $1.04B | -14.2% | $86.6M | 8.4% | $-27,343,000 | -2.6% |
| 2020 | $1.21B | -2.1% | $-9,697,000 | -0.8% | $-1,500,777,000 | -124.2% |
| 2019 | $1.23B | +38.6% | $1.23B | 100.0% | $-448,307,000 | -36.3% |
| 2018 | $889.9M | +70.2% | $889.9M | 100.0% | $-426,435,000 | -47.9% |
| 2017 | $522.7M | - | $522.7M | 100.0% | $-189,546,000 | -36.3% |
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Start ComparisonXHG — Frequently Asked Questions
Quick answers to the most common questions about buying XHG stock.
Is XHG's revenue growth accelerating or slowing?
XHG maintains +14.5% revenue growth, in line with its 5-year CAGR of -25.2%. TTM revenue stands at $376M. Growth rate remains consistent with historical average.
What is XHG's long-term revenue growth rate?
XChange TEC.INC's 5-year revenue CAGR of -25.2% reflects the sustained expansion pattern. Current YoY growth of +14.5% is near this long-term average.
How is XHG's revenue distributed by segment?
XHG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2024 are available for download. Segment mix reveals concentration and diversification trends.