NASDAQ : XCH
XCHG Limited — Financial statements
Industrials · Specialty Industrial Machinery · Germany
Last price 3.46 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 15.32M
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Financial statements
XCHG Limited (XCH) reported revenue of 22.92M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 22.92M | 25.10M | 42.20M | 38.51M | 29.42M | 13.16M |
| Cost of Revenue | 13.72M | 13.50M | 20.98M | 20.94M | 18.72M | 8.53M |
| Gross Profit | 9.20M | 11.60M | 21.22M | 17.57M | 10.70M | 4.63M |
| Selling, General & Admin | 40.29M | 37.26M | 21.13M | 20.46M | 6.26M | 4.88M |
| Research & Development | 5.33M | 7.07M | 12.16M | 4.06M | 2.82M | 1.71M |
| Other Operating Expenses | -55.08K | -120.72K | -38.17K | -428.07K | -27.84K | -39.15K |
| Operating Expenses | 45.56M | 44.21M | 33.25M | 24.09M | 9.05M | 6.55M |
| Operating Income | -36.36M | -32.62M | -12.03M | -6.52M | 1.65M | -1.93M |
| Interest Expense | -204.25K | -214.89K | -212.73K | -194.50K | -66.96K | -339.06K |
| Interest & Investment Income | 213.86K | 200.19K | 157.74K | 100.83K | 200.88K | 213.43K |
| Other Non Operating Income (Expenses) | 62.84K | 127.91K | -87.84K | -1.47M | -190.56K | -12.42K |
| EBT Excluding Unusual Items | -36.29M | -32.50M | -12.17M | -8.08M | 1.60M | -2.07M |
| Other Unusual Items | 233.22K | |||||
| Pretax Income | -36.29M | -32.50M | -11.94M | -8.08M | 1.60M | -2.07M |
| Income Tax Expense | -11.61K | 1.30K | ||||
| Net Income | -36.29M | -32.50M | -11.94M | -8.08M | 1.61M | -2.07M |
| Preferred Dividends & Other Adjustments | 1.16M | 2.38M | 1.58M | 3.54M | ||
| Net Income to Common | -36.29M | -32.50M | -13.10M | -10.46M | 27.63K | -5.60M |
| Shares Outstanding (Basic) | 3.86M | 3.50M | 1.61M | 891.65K | 820.25K | 820.25K |
| Shares Outstanding (Diluted) | 3.86M | 3.50M | 1.61M | 891.65K | 820.25K | 820.25K |
| EPS (Basic) | -9.40 | -9.30 | -8.14 | -11.73 | 0.03 | -6.83 |
| EPS (Diluted) | -9.40 | -9.30 | -8.14 | -11.73 | 0.03 | -6.83 |
| Free Cash Flow | -8.82M | -8.20M | -7.82M | -6.10M | 635.03K | -6.57M |
| Free Cash Flow Per Share | -2.29 | -2.35 | -4.86 | -6.84 | 0.77 | -8.01 |
| Gross Margin | 40.12% | 46.20% | 50.29% | 45.63% | 36.38% | 35.17% |
| Operating Margin | -158.65% | -129.94% | -28.51% | -16.92% | 5.62% | -14.65% |
| Profit Margin | -158.34% | -129.49% | -31.05% | -27.16% | 0.09% | -42.60% |
| Free Cash Flow Margin | -38.49% | -32.68% | -18.52% | -15.84% | 2.16% | -49.95% |
| EBITDA | -35.98M | -32.34M | -11.80M | -6.31M | 1.79M | -1.71M |
| EBITDA Margin | -156.99% | -128.84% | -27.96% | -16.40% | 6.09% | -13.00% |
| D&A For EBITDA | 380.62K | 275.25K | 232.92K | 202.88K | 138.05K | 217.29K |
| EBIT | -36.36M | -32.62M | -12.03M | -6.52M | 1.65M | -1.93M |
| EBIT Margin | -158.65% | -129.94% | -28.51% | -16.92% | 5.62% | -14.65% |
| Advertising Expenses | 795.67K | 1.02M | 797.83K | 162.90K | 35.55K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.86M | 11.39M | 26.77M | 15.66M | 8.34M | 4.80M |
| Cash & Short-Term Investments | 8.86M | 11.39M | 26.77M | 15.66M | 8.34M | 4.80M |
| Accounts Receivable | 6.45M | 6.50M | 11.24M | 12.50M | 7.56M | 4.32M |
| Other Receivables | 1.41M | 2.75M | 2.40M | 614.79K | 140.74K | 41.26K |
| Receivables | 8.14M | 9.52M | 13.94M | 13.46M | 10.93M | 4.36M |
| Inventory | 13.83M | 9.43M | 7.68M | 6.66M | 6.23M | 3.23M |
| Restricted Cash | 2.56M | 2.52M | 32.02K | 332.13K | 32.72K | |
| Other Current Assets | 43.18K | 4.25M | 6.02M | 3.93M | 2.36M | 1.54M |
| Total Current Assets | 36.46M | 37.11M | 54.41M | 39.75M | 28.18M | 13.96M |
| Property, Plant & Equipment | 3.53M | 3.74M | 2.62M | 1.08M | 790.51K | 369.52K |
| Long-Term Investments | 110.54K | 106.70K | 104.33K | 105.89K | 107.69K | |
| Other Intangible Assets | 27.13K | 57.69K | ||||
| Other Long-Term Assets | 1.10M | 1.71M | ||||
| Total Assets | 41.20M | 42.67M | 57.14M | 40.96M | 29.14M | 19.24M |
| Accounts Payable | 8.32M | 6.73M | 7.67M | 5.75M | 6.63M | 2.94M |
| Accrued Expenses | 5.08M | 4.94M | 4.62M | 4.51M | 2.64M | 1.68M |
| Short-Term Debt | 8.11M | 6.40M | 8.81M | 18.08M | 4.12M | 1.79M |
| Current Portion of Leases | 468.27K | 592.99K | 303.85K | 294.03K | 236.43K | 86.60K |
| Current Unearned Revenue | 6.51M | 4.07M | 3.23M | 1.33M | 2.81M | 1.73M |
| Other Current Liabilities | 1.17M | 804.13K | 1.56M | 765.68K | 1.55M | 824.79K |
| Total Current Liabilities | 29.66M | 23.54M | 26.19M | 30.73M | 17.99M | 9.05M |
| Long-Term Leases | 1.08M | 1.18M | 1.27M | 172.07K | 289.53K | 4.89K |
| Other Long-Term Liabilities | 28.09K | 88.90K | 166.83K | 79.96K | 8.61K | 17.43K |
| Total Liabilities | 30.76M | 24.80M | 27.63M | 30.98M | 18.29M | 9.07M |
| Common Stock | 35.41K | 29.02K | 23.78K | 8.06K | 6.56K | 15.81K |
| Additional Paid-In Capital | 105.04M | 100.82M | 79.88M | 6.56M | ||
| Retained Earnings | -96.00M | -84.88M | -52.37M | -40.43M | -30.83M | -30.92M |
| Comprehensive Income & Other | 1.37M | 1.89M | 1.98M | 1.82M | 780.85K | -1.80M |
| Total Common Equity | 10.44M | 17.87M | 29.51M | -32.04M | -30.05M | -32.71M |
| Shareholders' Equity | 10.44M | 17.87M | 29.51M | 9.98M | 10.85M | 10.17M |
| Total Liabilities & Equity | 41.20M | 42.67M | 57.14M | 40.96M | 29.14M | 19.24M |
| Total Debt | 9.65M | 8.17M | 10.39M | 18.54M | 4.65M | 1.89M |
| Net Cash (Debt) | -794.63K | 3.21M | 16.38M | -2.88M | 3.69M | 2.91M |
| Net Cash Per Share | -0.21 | 0.92 | 10.18 | -3.23 | 4.50 | 3.55 |
| Filing Date Shares Outstanding | 4.43M | 3.63M | 2.97M | 1.01M | 820.25K | 820.25K |
| Total Common Shares Outstanding | 4.43M | 3.63M | 2.97M | 1.01M | 820.25K | 820.25K |
| Working Capital | 6.80M | 13.57M | 28.22M | 9.02M | 10.19M | 4.91M |
| Book Value Per Share | 2.36 | 4.93 | 9.93 | -31.79 | -36.63 | |
| Tangible Book Value | 10.44M | 17.87M | 29.51M | -32.06M | -30.10M | -32.71M |
| Tangible Book Value Per Share | 2.36 | 4.93 | 9.93 | -31.82 | -36.70 | |
| Machinery | 3.02M | 2.87M | 1.70M | 1.30M | 883.67K | 890.46K |
| Construction In Progress | 321.49K | 192.44K | 165.33K | |||
| Leasehold Improvements | 810.30K | 782.21K | 633.57K | 603.98K | 567.97K | 603.19K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -36.29M | -32.50M | -11.94M | -8.08M | 1.61M | -2.07M |
| Depreciation & Amortization | 380.62K | 275.25K | 232.92K | 202.88K | 138.05K | 217.29K |
| Loss (Gain) From Sale of Assets | 2.04K | 7.83K | 1.09K | |||
| Stock-Based Compensation | 20.94M | 20.94M | 7.03M | 7.46M | ||
| Provision & Write-off of Bad Debts | 824.52K | 824.52K | 127.26K | 185.28K | 322.87K | 271.60K |
| Other Operating Activities | 2.90M | -130.35K | 537.11K | 1.74M | -33.00K | 769.31K |
| Change in Accounts Receivable | 4.72M | 4.72M | 668.14K | -5.06M | -3.60M | -4.43M |
| Change in Inventory | -1.84M | -1.84M | -1.26M | -663.49K | -3.38M | -2.17M |
| Change in Accounts Payable | -2.12M | -2.12M | 2.42M | -859.57K | 4.09M | 917.44K |
| Change in Unearned Revenue | 711.34K | 711.34K | 1.96M | -1.53M | 1.17M | 445.29K |
| Change in Other Net Operating Assets | 1.59M | 1.59M | -6.97M | 1.04M | 517.12K | -434.73K |
| Operating Cash Flow | -8.18M | -7.53M | -7.20M | -5.58M | 848.70K | -6.48M |
| Capital Expenditures | -639.87K | -677.41K | -613.66K | -525.91K | -213.67K | -92.97K |
| Other Investing Activities | -821.77K | -821.77K | 80.00K | 2.79M | 1.44M | -4.75M |
| Investing Cash Flow | -1.49M | -1.50M | -533.66K | 2.27M | 1.22M | -4.84M |
| Short-Term Debt Issued | 4.20M | 8.52M | 17.35M | 6.40M | 3.10M | |
| Long-Term Debt Issued | 7.02M | |||||
| Total Debt Issued | 7.18M | 4.20M | 15.54M | 17.35M | 6.40M | 3.10M |
| Short-Term Debt Repaid | -6.77M | -7.26M | -4.65M | -3.76M | -3.72M | |
| Long-Term Debt Repaid | -7.02M | |||||
| Total Debt Repaid | -5.74M | -6.77M | -14.28M | -4.65M | -3.76M | -3.72M |
| Net Debt Issued (Repaid) | 1.44M | -2.57M | 1.26M | 12.70M | 2.64M | -619.84K |
| Issuance of Common Stock | 3.89M | 19.09M | 32.95M | |||
| Other Financing Activities | -1.03M | -1.76M | -1.20M | -34.91M | -364.70K | -301.45K |
| Financing Cash Flow | 4.30M | -4.33M | 19.15M | 10.74M | 2.28M | 15.19M |
| Foreign Exchange Rate Adjustments | 443.74K | 487.33K | -333.30K | -410.97K | -506.59K | 148.09K |
| Net Cash Flow | -4.92M | -12.87M | 11.08M | 7.02M | 3.84M | 4.02M |
| Free Cash Flow | -8.82M | -8.20M | -7.82M | -6.10M | 635.03K | -6.57M |
| Free Cash Flow Margin | -38.49% | -32.68% | -18.52% | -15.84% | 2.16% | -49.95% |
| Free Cash Flow Per Share | -2.29 | -2.35 | -4.86 | -6.84 | 0.77 | -8.01 |
| Levered Free Cash Flow | 2.22M | 1.40M | 160.66K | -10.03M | -3.30M | |
| Unlevered Free Cash Flow | 2.35M | 1.54M | 293.62K | -9.91M | -3.26M | |
| Cash Interest Paid | 117.33K | 127.56K | 212.73K | 76.90K | 119.28K | 132.03K |
| Cash Income Tax Paid | 45.46K | 45.46K | 82.56K | |||
| Change in Working Capital | 3.06M | 3.06M | -3.19M | -7.08M | -1.20M | -5.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.13M | 67.18M | 120.69M | |||
| Enterprise Value | 22.93M | 59.44M | 159.52M | |||
| Last Close Price | 4.00 | 22.60 | 40.60 | |||
| PS Ratio | 0.77 | 2.68 | 2.86 | |||
| PB Ratio | 1.70 | 3.76 | 4.09 | |||
| P/TBV Ratio | 1.70 | 3.76 | 4.09 | |||
| EV/Sales Ratio | 0.81 | 2.37 | 3.78 | |||
| Debt / Equity Ratio | 0.93 | 0.46 | 0.35 | 1.86 | 0.43 | 0.19 |
| Debt / EBITDA Ratio | 2.21 | |||||
| Debt / FCF Ratio | 7.32 | |||||
| Net Debt / Equity Ratio | 0.08 | -0.18 | -0.56 | 0.29 | -0.34 | -0.29 |
| Net Debt / EBITDA Ratio | -0.02 | 0.10 | 1.39 | -0.46 | -2.06 | 1.70 |
| Net Debt / FCF Ratio | -0.09 | 0.39 | 2.10 | -0.47 | -5.81 | 0.44 |
| Asset Turnover | 0.52 | 0.50 | 0.86 | 1.10 | 1.22 | |
| Inventory Turnover | 1.17 | 1.58 | 2.93 | 3.25 | 3.96 | |
| Quick Ratio | 0.56 | 0.88 | 1.54 | 0.94 | 0.89 | 1.01 |
| Current Ratio | 1.23 | 1.58 | 2.08 | 1.29 | 1.57 | 1.54 |
| Return on Equity (ROE) | -204.68% | -137.21% | -60.48% | -77.62% | 15.32% | |
| Return on Assets (ROA) | -51.33% | -40.85% | -15.33% | -11.62% | 4.28% | |
| Return on Capital Employed (ROCE) | -315.10% | -170.50% | -38.90% | -63.70% | 14.80% | -18.90% |
| Earnings Yield | -187.98% | -48.38% | -9.89% | |||
| FCF Yield | -49.82% | -12.21% | -6.48% | |||
| Buyback Yield / Dilution | -43.24% | -117.29% | -80.45% | -8.71% |