XChange TEC.INC (XHG) Revenue History
Annual and quarterly revenue from 2017 to present
XHG Revenue Over Time (2017–2025)
XHG Revenue Growth History
2 of 6 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +70.2%
- FY2019 revenue growth
- +38.6%
- FY2020 revenue growth
- -2.1%
- FY2021 revenue growth
- -100.0%
- FY2022 revenue growth
- N/A
- FY2023 revenue growth
- -100.0%
- FY2024 revenue growth
- N/A
- FY2025 revenue growth
- -99.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $-87,472,233 | -141.3% |
| Q2 2025 | $87.8M | +14.5% |
| Q4 2024 | $211.6M | — |
| Q2 2024 | $76.7M | — |
| Q2 2023 | $0 | -100.0% |
| Q2 2022 | $182.1M | -40.8% |
| Q2 2021 | $307.6M | -50.9% |
| Q2 2020 | $627.1M | +6.5% |
XHG Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 21, 2026, XChange TEC.INC (XHG) generated trailing twelve-month (TTM) revenue of $288.7 million, reflecting significant decline in growth of -141.3% year-over-year. The most recent quarter (Q4 2025) recorded $-87,472,233 in revenue, down 199.6% sequentially.
Historical Growth Trajectory
XHG's 5-year compound annual growth rate (CAGR) stands at -80.2%, indicating revenue contraction over this period. The 3-year CAGR of -91.8% is below the 5-year average, signalling a growth deceleration in recent years. XChange TEC.INC's highest annual revenue of $1.23 billion was recorded in 2019.
Peer Comparison
Compared to Real Estate sector peers — including XTIA (+1334.0% YoY), BTBT, and GFAI (+4.0% YoY) — XHG has underperformed the peer group in 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 | $289M | -141.3% | -80.2% | -9.4% | |
 XTIA | $22M | +1334.0% | +19.3% | -182.2% | |
 BTBT | $114M | - | - | -49.8% | |
 GFAI | $36M | +4.0% | -1.2% | -18.5% | |
 FTFT | $4M | +155.0% | +59.7% | -888.0% | |
 RCON | $66M | -26.8% | +0.4% | -86.5% |
XHG Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $365K | -99.9% | $8K | 2.2% | $-34,386 | -9.4% |
| 2024 | $288.4M | - | $13.5M | 4.7% | $-588,824,000 | -204.2% |
| 2023 | $0 | -100.0% | $0 | - | $-25,732,000 | - |
| 2022 | $652.3M | - | $-58,670,000 | -9.0% | $-29,355,000 | -4.5% |
| 2021 | $0 | -100.0% | $86.6M | - | $-27,343,000 | - |
| 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% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
XHG — Frequently Asked Questions
Quick answers to the most common questions about buying XHG stock.
Is XHG's revenue growth accelerating or slowing?
XHG revenue is declining -141.3% year-over-year. TTM revenue fell to $289M, contrasting with the 5-year CAGR of -80.2%. The reversal reflects either macro headwinds or company-specific challenges.
What is XHG's revenue history from 2017 to 2026?
XChange TEC.INC (XHG) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $289M, growing at -141.3% YoY. The 5-year CAGR is -80.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is XHG's long-term revenue growth rate (CAGR)?
XChange TEC.INC's 5-year revenue CAGR of -80.2% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -141.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for XHG.
Why does XHG's quarterly revenue fluctuate?
XHG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. XChange TEC.INC's revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is XHG's revenue distributed by segment?
XHG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does XHG's revenue compare to industry peers?
XChange TEC.INC (XHG) with TTM revenue of $289M and -141.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.