XCH revenueFY2025$25.10M
- FY YoY
- -40.5%
XCH revenue was $25.10M for fiscal 2025 (ended Dec 31, 2025), down 40.5% from fiscal 2024. It rose in 2 of the last 3 fiscal years.
XCHG Limited (XCH) financials
For fiscal 2025 (ended Dec 31, 2025), XCHG Limited reported $25.10M of revenue and -$32.50M of net income.
- Revenue, FY2025
- $25.10M
- Revenue growth, YoY
- -40.5%
- Net income, FY2025
- -$32.50M
- Net margin
- -129.5%
- Cash
- $11.39M
- P/S
- 0.85
- Market cap
- $21.3M
FY2022FY2025
FY2022FY2025
XCH revenue and earnings growth
XCH net incomeFY2025-$32.50M
XCH net income was -$32.50M for fiscal 2025 (ended Dec 31, 2025), compared with -$11.94M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $25.10M | $42.20M | $38.51M | $29.42M |
| Cost of revenue | $13.50M | $20.98M | $20.94M | $18.72M |
| Gross profit | $11.60M | $21.22M | $17.57M | $10.70M |
| Research and development | $7.07M | $12.16M | $4.06M | $2.82M |
| Selling, general and admin | $26.56M | $10.79M | $14.03M | $2.75M |
| Operating income | -$32.62M | -$12.03M | -$6.52M | $1.65M |
| Interest expense | $214.9K | $212.7K | $194.5K | $67.0K |
| Pre-tax income | -$32.50M | -$11.94M | -$8.08M | $1.60M |
| Income tax | - | - | - | -$11.6K |
| Net income | -$32.50M | -$11.94M | -$8.08M | $1.61M |
| EPS, basic | - | - | -$0.01 | - |
| EPS, diluted | - | - | -$0.01 | - |
| Diluted shares | 2.80B | 1.29B | 713.3M | 656.2M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $11.39M | $26.77M | $15.66M | - |
| Receivables | $7.01M | $11.24M | $12.50M | - |
| Inventory | $9.43M | $7.68M | $6.66M | - |
| Current assets | $37.11M | $54.41M | $39.75M | - |
| Total assets | $42.67M | $57.14M | $40.96M | - |
| Current liabilities | $23.54M | $26.19M | $30.73M | - |
| Short-term debt | $6.40M | $8.81M | $5.56M | - |
| Total liabilities | $24.80M | $27.63M | $30.98M | - |
| Shareholders' equity | $17.87M | $29.51M | -$30.04M | -$28.05M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | -$7.53M | -$7.20M | -$5.58M | $848.7K |
| Investing cash flow | -$1.50M | -$533.7K | $2.27M | $1.22M |
| Financing cash flow | -$4.33M | $19.15M | $10.74M | $2.28M |
| Stock-based compensation | $20.94M | $7.03M | $7.46M | - |
| Depreciation and amortization | $275.3K | $232.9K | $202.9K | $138.1K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | -40.5% | 9.6% | 30.9% | - |
| Gross margin | 46.2% | 50.3% | 45.6% | 36.4% |
| Operating margin | -129.9% | -28.5% | -16.9% | 5.6% |
| Net margin | -129.5% | -28.3% | -21.0% | 5.5% |
| Return on equity | -181.9% | -40.5% | - | - |
| Return on assets | -76.2% | -20.9% | -19.7% | - |
| Current ratio | 1.58 | 2.08 | 1.29 | - |
Source: XBRL data XCHG Limited files with the SEC, latest filing dated Apr 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
XCH peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| XCH | $25.10M | -40.5% | -$32.50M | -129.5% | $21.3M |
| ASML | €32.67B | +15.6% | €9.61B | 29.4% | $549.12B |
| TMO | $47.35B | +8.3% | $7.07B | 14.9% | $257.42B |
| LRCX | $26.13B | +33.4% | $8.45B | 32.3% | $250.38B |
| DE | $47.98B | +8.0% | $4.87B | 10.2% | $181.09B |
| DHR | $25.61B | +5.5% | $4.33B | 16.9% | $161.98B |
| ETN | $31.98B | +20.1% | $3.90B | 12.2% | $132.76B |
| JCI | $24.43B | +5.1% | $3.53B | 14.5% | $81.79B |
| ITW | $16.65B | +4.8% | $3.23B | 19.4% | $79.84B |
XCH FAQ
7 questionsWhat is XCH revenue?
XCHG Limited (XCH) reported $25.10M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 40.5% from the year before.Is XCH profitable?
No. XCHG Limited reported a net loss of $32.50M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does XCH have?
XCHG Limited reported $11.39M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is XCH revenue growing?
XCHG Limited's revenue changed -40.5% in fiscal 2025, to $25.10M.What is XCH gross margin?
XCHG Limited's gross profit was $11.60M on $25.10M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 46.2%.When did XCH last report financial results?
The latest statements here come from XCHG Limited's 20-F filed on Apr 27, 2026, covering the period ended Dec 31, 2025.Where does this XCH financial data come from?
Quantisnow builds these statements from the structured XBRL data XCHG Limited files with the SEC. It is provided for information only and is not investment advice.