Xchg Ltd income statement

In fiscal 2025, Xchg Ltd reported revenue of $25.1m, down 40.5% on the year before, operating income of −$32.6m (a -129.9% margin) and net income of −$32.5m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Xchg Ltd: income statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	29	39	42	25
Cost of revenue	19	21	21	14
Gross profit	11	18	21	12
Research and development	3	4	12	7
Selling and marketing	4	6	10	11
General and administrative	3	14	11	27
Operating income	2	−7	−12	−33
Interest expense	0	0	0	0
Income before tax	2	−8	−12	−33
Income tax	−0	—	—	—
Net income	2	−8	−12	−33
Diluted shares (average)	16m	18m	32m	70m
EBITDA	2	−6	−12	−32

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Xchg Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Xchg Ltd.