XChange TEC.INC (XHG) Common Equity (2017 - 2025)

XChange TEC.INC (XHG) reported Common Equity of -$123.0 million for Q3 2025, down 58.35% year-on-year from -$295.2 million in Q3 2024, and up 26.53% quarter-over-quarter from -$167.4 million in Q1 2025.

XChange TEC.INC (XHG) has 9 years of Common Equity data on file, last reported at -$123.0 million in Q3 2025.

  • For the quarter ending Q3 2025, Common Equity fell 58.35% year-over-year to -$123.0 million; the trailing twelve-month figure through Sep 2025 stood at -$123.0 million (down 58.35% YoY), and the FY2025 full-year result was -$123.6 million, down 55.88% from the prior year.
  • Common Equity for Q3 2025 stood at -$123.0 million, up from -$167.4 million in the prior quarter.
  • Across five years, Common Equity topped out at -$31.1 million in Q1 2024 and bottomed at -$429.5 million in Q1 2022.
  • A 5-year average of -$181.5 million and a median of -$106.0 million in 2023 frame the typical range for Common Equity.
  • Across the five-year window, Common Equity jumped 79.36% in 2023 and slumped 438.08% in 2025, its largest moves.
  • Tracing XHG's Common Equity over 5 years: stood at -$384.1 million in 2021, then jumped by 78.2% to -$83.8 million in 2022, then dropped by 6.21% to -$89.0 million in 2023, then grew by 12.7% to -$77.7 million in 2024, then slumped by 58.35% to -$123.0 million in 2025.
  • According to Business Quant data, Common Equity over the past three periods registered -$123.0 million, -$167.4 million, and -$77.7 million for Q3 2025, Q1 2025, and Q3 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 9.83 Bn
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 23.78 Bn
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 7.98 Bn
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 12.61 Bn
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -122.97 Mn
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn 719.90 Mn
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn 375.72 Mn
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 1.55 Bn
9 Goosehead Insurance 1.01 Bn 899.53 Mn - -121.27 Mn
10 Twfg 279.02 Mn 351.22 Mn - 285.03 Mn

Historic Data

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DateValue
Sep 30, 2025 -122.97 Mn
Mar 31, 2025 -167.38 Mn
Sep 30, 2024 -77.66 Mn
Mar 31, 2024 -31.11 Mn
Sep 30, 2023 -88.95 Mn
Mar 31, 2023 -88.64 Mn
Sep 30, 2022 -83.75 Mn
Mar 31, 2022 -429.49 Mn
Sep 30, 2021 -384.12 Mn
Mar 31, 2021 -340.57 Mn
Sep 30, 2020 -288.16 Mn
Mar 31, 2020 -127.14 Mn
Sep 30, 2019 -319.06 Mn
Sep 30, 2018 -209.30 Mn
Sep 30, 2017 -119.13 Mn