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

XChange TEC.INC (XHG) recorded quarterly Intangibles of $94728.7 in Q3 2025, up 1.86% on a QoQ basis from $93000.0 in Q1 2025, and down 99.65% year-over-year from $27.2 million in Q3 2024.

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

XChange TEC.INC has disclosed Intangibles across 7 years of filings, most recently posting $94728.7 for Q3 2025.

  • Quarterly Intangibles fell 99.65% year-over-year to $94728.7 in Q3 2025, while the trailing twelve-month figure through Sep 2025 was $94728.7 (down 99.65% YoY) and the FY2025 annual result came in at $95000.0, down 99.65% from the prior year.
  • Intangibles rose to $94728.7 in Q3 2025, from $93000.0 in the prior quarter.
  • Over five years, Intangibles peaked at $31.2 million in Q3 2021 and troughed at $93000.0 in Q1 2025.
  • A 4-year average of $12.6 million and a median of $3.6 million in 2022 frame the typical range for Intangibles.
  • Annual changes were most pronounced in 2021 — Intangibles soared 18212.21% — and 2025, when it slumped 99.65%.
  • Tracing XHG's 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 1280.89% to $27.2 million in 2024, then tumbled by 99.65% to $94728.7 in 2025.
  • Business Quant data shows XHG's Intangibles at $94728.7 in Q3 2025, $93000.0 in Q1 2025, and $27.2 million in Q3 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Intangibles (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 4.61 Bn
2 Aon 69.98 Bn 68.59 Bn - 5.83 Bn
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 10.37 Bn
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 1.28 Bn
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 12.00 Mn
6 XChange TEC.INC 6.75 Bn 6.75 Bn - 94,728.73
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 447,000.00
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 307,000.00
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 102.50 Mn
10 Baldwin Insurance 1.62 Bn 2.07 Bn - 1.48 Bn

Historic Data

Download Data
DateValue
Sep 30, 2025 94,728.73
Mar 31, 2025 93,000.00
Sep 30, 2024 27.20 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