XChange TEC.INC (XHG) Goodwill & Intangibles (2018 - 2025)

XChange TEC.INC (XHG) recorded quarterly Goodwill & Intangibles of $3.3 million in Q3 2025, down 62.57% on a QoQ basis from $8.9 million in Q1 2025, and down 97.35% year-over-year from $126.2 million in Q3 2024.

XChange TEC.INC (XHG) Goodwill & Intangibles (2018 - 2025) Analysis & Trends

XChange TEC.INC has disclosed Goodwill & Intangibles across 7 years of filings, most recently posting $3.3 million for Q3 2025.

  • Quarterly Goodwill & Intangibles fell 97.35% year-over-year to $3.3 million in Q3 2025, while the trailing twelve-month figure through Sep 2025 was $3.3 million (down 97.35% YoY) and the FY2025 annual result came in at $3.3 million, down 97.41% from the prior year.
  • Goodwill & Intangibles declined to $3.3 million in Q3 2025, from $8.9 million in the prior quarter.
  • Over five years, Goodwill & Intangibles peaked at $177.9 million in Q1 2024 and troughed at $2.0 million in Q3 2022.
  • A 4-year average of $47.1 million and a median of $16.5 million in 2021 frame the typical range for Goodwill & Intangibles.
  • Annual changes were most pronounced in 2021 — Goodwill & Intangibles soared 18212.21% — and 2025, when it slumped 97.35%.
  • Tracing XHG's Goodwill & Intangibles over 4 years: stood at $31.2 million in 2021, then slumped by 93.69% to $2.0 million in 2022, then soared by 6304.1% to $126.2 million in 2024, then sank by 97.35% to $3.3 million in 2025.
  • Business Quant data shows XHG's Goodwill & Intangibles at $3.3 million in Q3 2025, $8.9 million in Q1 2025, and $126.2 million in Q3 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn
2 Aon 69.98 Bn 68.59 Bn -
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn -
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn
6 XChange TEC.INC 6.75 Bn 6.75 Bn -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn -
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn
10 Baldwin Insurance 1.62 Bn 2.07 Bn -

Historic Data

Download Data
DateValue
Sep 30, 2025 3.35 Mn
Mar 31, 2025 8.94 Mn
Sep 30, 2024 126.16 Mn
Mar 31, 2024 177.86 Mn
Sep 30, 2022 1.97 Mn
Mar 31, 2022 3.62 Mn
Sep 30, 2021 31.23 Mn
Mar 31, 2021 23.99 Mn
Sep 30, 2020 32.09 Mn
Mar 31, 2020 131,000.00
Sep 30, 2019 178,050.44
Sep 30, 2018 181,180.16