XChange TEC.INC (XHG) Invested Capital (2018 - 2026)
XChange TEC.INC (XHG) recorded quarterly Invested Capital of -$27.4 million in Q1 2026, down 9.22% on a QoQ basis from -$25.1 million in Q3 2025, and down 47.58% YoY from -$52.3 million in Q1 2025.
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Analysis
XChange TEC.INC (XHG) Invested Capital (2018 - 2026) Analysis & Trends
XChange TEC.INC (XHG) has reported Invested Capital for 9 consecutive years, with -$27.4 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital fell 47.58% year-over-year to -$27.4 million; the trailing twelve-month figure through Mar 2026 stood at -$27.4 million (down 47.58% YoY), and the FY2025 full-year result was -$25.1 million, down 132.95% from the prior year.
- Invested Capital was -$27.4 million for Q1 2026 at XChange TEC.INC, down from -$25.1 million in the prior quarter.
- The five-year high for Invested Capital was $157.1 million in Q1 2024, with the low at -$258.9 million in Q1 2022.
- Historically, Invested Capital has averaged -$36.6 million across 5 years, with a median of -$27.4 million in 2026.
- Annual changes were most pronounced in 2024 — Invested Capital soared 329.78% — and 2025, when it sank 132.85%.
- Tracing XHG's Invested Capital over 5 years: stood at -$82.2 million in 2022, then advanced by 0.02% to -$82.2 million in 2023, then soared by 192.94% to $76.4 million in 2024, then sank by 132.85% to -$25.1 million in 2025, then declined by 9.22% to -$27.4 million in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were -$27.4 million in Q1 2026, -$25.1 million in Q3 2025, and -$18.6 million in Q1 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | 36.64 Bn |
| 2 | Aon | 60.67 Bn | 59.43 Bn | - | 24.65 Bn |
| 3 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | 38.74 Bn |
| 4 | Willis Towers Watson | 28.02 Bn | 26.44 Bn | 2.09 Bn | 14.30 Bn |
| 5 | Brown & Brown | 20.61 Bn | 19.72 Bn | 1.41 Bn | 20.37 Bn |
| 6 | XChange TEC.INC | 11.95 Bn | 11.95 Bn | - | -27.41 Mn |
| 7 | Erie Indemnity | 10.83 Bn | 10.48 Bn | - | - |
| 8 | Ryan Specialty Holdings | 9.82 Bn | 10.19 Bn | - | 4.65 Bn |
| 9 | Hagerty | 4.67 Bn | 4.81 Bn | 244.11 Mn | 865.76 Mn |
| 10 | Baldwin Insurance | 4.45 Bn | 4.81 Bn | - | 3.69 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -27.41 Mn |
| Sep 30, 2025 | -25.09 Mn |
| Mar 31, 2025 | -18.57 Mn |
| Sep 30, 2024 | 76.39 Mn |
| Mar 31, 2024 | 157.09 Mn |
| Sep 30, 2023 | -82.19 Mn |
| Mar 31, 2023 | -68.37 Mn |
| Sep 30, 2022 | -82.20 Mn |
| Mar 31, 2022 | -258.90 Mn |
| Sep 30, 2021 | -218.16 Mn |
| Mar 31, 2021 | -152.23 Mn |
| Sep 30, 2020 | -109.92 Mn |
| Mar 31, 2020 | 1.21 Mn |
| Sep 30, 2019 | -211.48 Mn |
| Sep 30, 2018 | -160.80 Mn |
API Access
XChange TEC.INC Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=XHG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "XHG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=XHG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();