Xchange Tec.inc income statement

In fiscal 2025, Xchange Tec.inc reported revenue of $50.6m, up 26.5% on the year before, operating income of −$99.9m (a -197.2% margin) and net income of −$104m. 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.

Xchange Tec.inc: income statement, annual
Fiscal year	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2024Sept 2024	2025Sept 2025
Revenue	77	136	180	172	159	100	40	51
Cost of revenue	80	137	190	172	146	109	38	50
Gross profit	−4	−1	−10	1	13	−9	2	1
Research and development	6	8	7	4	1	0	0	—
Selling and marketing	6	18	20	9	0	0	2	1
General and administrative	5	13	16	15	4	4	2	5
Operating income	−28	−65	−65	−214	−4	−4	−82	−100
Interest expense	—	14	17	19	16	6	4	4
Net interest income	—	—	—	—	−4	−4	—	—
Income before tax	−36	−76	−72	−219	−20	−76	−85	−104
Income tax	0	0	0	0	0	0	0	0
Net income	−36	−77	−72	−219	−87	125	−31	−104
Diluted EPS	—	—	—	−$390.61	—	—	—	—
Diluted shares (average)	—	—	—	—	61m	427m	—	21m
EBITDA	−13	−42	−34	−177	8	−0	−82	—

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 Xchange Tec.inc's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Xchange Tec.inc.