XCHG Limited American Depositary Share (XCH) Income Statement
XCH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXCH revenue and net income
Where XCH's revenue goes
2025Each bar shows an amount and its share of revenue. XCH kept −129.5% of revenue as net income.
XCH profit margins
XCH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −40.5% | −5.2% | — | — |
| Gross profit | −45.4% | +2.7% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XCH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $25.1M | $42.2M | $38.5M | $29.4M | $13.2M |
| Cost of revenue | $13.5M | $21.0M | $20.9M | $18.7M | $8.5M |
| Gross profit | $11.6M | $21.2M | $17.6M | $10.7M | $4.6M |
| Research & development | $7.1M | $12.2M | $4.1M | $2.8M | $1.7M |
| Sales, general & admin | $37.6M | $20.5M | $20.3M | $6.3M | $4.4M |
| Total operating expenses | $44.2M | $33.3M | $24.1M | $9.0M | $6.6M |
| Operating income | −$32.6M | −$12.0M | −$6.5M | $1.7M | −$1.9M |
| Interest income | $200,188 | $157,739 | $100,832 | $200,882 | $213,429 |
| Interest expense | $214,888 | $212,732 | $194,500 | $66,959 | $339,059 |
| Income before taxes | −$32.5M | −$11.9M | −$8.1M | $1.6M | −$2.1M |
| Income taxes | — | — | — | −$11,612 | $1,300 |
| Net income | −$32.5M | −$11.9M | −$8.1M | $1.6M | −$2.1M |
| EBITDA | −$32.0M | −$11.5M | −$7.7M | $1.8M | −$1.5M |
| EPS (diluted) | −$0.01 | −$4.03 | −$2.73 | $0.54 | — |
| Gross margin | 46.2% | 50.3% | 45.6% | 36.4% | 35.2% |
| Operating margin | −129.9% | −28.5% | −16.9% | 5.6% | −14.7% |
| Net margin | −129.5% | −28.3% | −21.0% | 5.5% | −15.7% |
| Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0M | $11.2M | $10.5M | $8.4M | $12.2M | $7.4M | $10.2M | $10.3M |
| Cost of revenue | $4.8M | $5.5M | $5.3M | $4.6M | $6.7M | $4.3M | $6.5M | $6.2M |
| Gross profit | $4.2M | $5.7M | $5.2M | $3.8M | $5.5M | $3.1M | $3.7M | $4.1M |
| Research & development | $1.2M | $987,619 | $1.5M | $864,786 | $992,085 | $742,072 | $865,355 | $646,834 |
| Sales, general & admin | $3.9M | $3.7M | $4.3M | $10.6M | $2.4M | $1.9M | $1.8M | $1.4M |
| Total operating expenses | $5.1M | $4.7M | $6.1M | $11.8M | $3.4M | $2.9M | $2.8M | $2.2M |
| Operating income | −$923,000 | $919,037 | −$851,968 | −$7.9M | $2.1M | $214,581 | $935,484 | $1.9M |
| Interest income | $52,693 | $28,310 | $59,453 | $10,649 | $31,268 | $20,760 | — | — |
| Interest expense | $71,363 | $43,793 | $2,057 | $118,633 | $37,316 | $36,494 | $18,392 | $15,373 |
| Income before taxes | −$951,159 | $744,216 | −$1.4M | −$8.9M | $2.0M | $198,440 | $898,242 | $1.8M |
| Income taxes | — | $11,298 | −$4,311 | $4,311 | — | — | $1,476 | −$1,158 |
| Net income | −$951,159 | $732,918 | −$1.4M | −$8.9M | $2.0M | $198,440 | $896,766 | $1.8M |
| EBITDA | −$879,796 | $788,009 | −$1.4M | −$8.8M | $2.1M | $234,934 | $916,634 | $1.8M |
| Gross margin | 46.1% | 50.8% | 49.5% | 45.4% | 44.7% | 41.9% | 36.3% | 39.4% |
| Operating margin | −10.3% | 8.2% | −8.1% | −94.4% | 16.8% | 2.9% | 9.1% | 18.1% |
| Net margin | −10.6% | 6.6% | −13.1% | −106.4% | 16.7% | 2.7% | 8.8% | 17.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XCH's financial statements (latest annual report filed April 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XCH financial results
In fiscal year 2025 (ended December 31, 2025), XCHG Limited American Depositary Share reported revenue of $25.1 million, down 40.5% from the year before. It had a net loss of $32.5 million, a net profit margin of −129.5%. Diluted earnings per share came to −$0.01.
See the XCH stock overview for the latest quote and news, or the XCH chart for price history and technical indicators.
XCH income statement FAQ
What is XCHG Limited American Depositary Share's annual revenue?
XCHG Limited American Depositary Share reported total revenue of $25.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 40.5% from $42.2 million the previous year.
Is XCHG Limited American Depositary Share profitable?
No. XCHG Limited American Depositary Share reported a net loss of $32.5 million in fiscal 2025, a net profit margin of −129.5%; its operating margin was −129.9%.
What is XCHG Limited American Depositary Share's gross margin?
XCHG Limited American Depositary Share's gross margin was 46.2% in fiscal 2025: for every $100 of revenue, XCHG Limited American Depositary Share kept $46 after the direct cost of its products and services.
How much does XCHG Limited American Depositary Share spend on research and development?
XCHG Limited American Depositary Share spent $7.1 million on research and development in fiscal 2025, 28.2% of revenue.
What are XCHG Limited American Depositary Share's earnings per share?
XCHG Limited American Depositary Share earned $-0.01 per diluted share in fiscal 2025, compared with $-4.03 a year earlier.
When does XCHG Limited American Depositary Share's fiscal year end?
XCHG Limited American Depositary Share's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 27, 2026.