XChange TEC.INC (XHG) Invested Capital (2017 - 2025)
XChange TEC.INC (XHG) reported Invested Capital of -$118.4 million for Q3 2025, down 61.82% year-on-year from -$310.2 million in Q3 2024, and down 61.82% quarter-over-quarter from -$73.2 million in Q3 2024.
XChange TEC.INC (XHG) has 9 years of Invested Capital data on file, last reported at -$118.4 million in Q3 2025.
- For the quarter ending Q3 2025, Invested Capital fell 61.82% year-over-year to -$118.4 million; the trailing twelve-month figure through Sep 2025 stood at -$118.4 million (down 61.82% YoY), and the FY2025 full-year result was -$119.1 million, down 53.73% from the prior year.
- Invested Capital for Q3 2025 stood at -$118.4 million, down from -$73.2 million in the prior quarter.
- Across five years, Invested Capital topped out at $788457.5 in Q1 2023 and bottomed at -$382.5 million in Q3 2021.
- A 5-year average of -$105.6 million and a median of -$82.8 million in 2022 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital slumped 99.75% in 2021 and surged 78.36% in 2022, its largest moves.
- Tracing XHG's Invested Capital over 5 years: stood at -$382.5 million in 2021, then surged by 78.36% to -$82.8 million in 2022, then dropped by 0.02% to -$82.8 million in 2023, then climbed by 11.62% to -$73.2 million in 2024, then slumped by 61.82% to -$118.4 million in 2025.
- According to Business Quant data, Invested Capital over the past three periods registered -$118.4 million, -$73.2 million, and -$82.8 million for Q3 2025, Q3 2024, and Q3 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 11.08 Bn |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | 24.42 Bn |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 8.06 Bn |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 13.85 Bn |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | -118.43 Mn |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 813.30 Mn |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 375.72 Mn |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | 1.08 Bn |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | -118.28 Mn |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 287.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -118.43 Mn |
| Sep 30, 2024 | -73.18 Mn |
| Sep 30, 2023 | -82.81 Mn |
| Mar 31, 2023 | 788,457.47 |
| Sep 30, 2022 | -82.80 Mn |
| Sep 30, 2021 | -382.52 Mn |
| Mar 31, 2021 | 1,851.25 |
| Sep 30, 2020 | -280.93 Mn |
| Mar 31, 2020 | 733,346.68 |
| Sep 30, 2019 | -317.17 Mn |
| Sep 30, 2018 | -189.88 Mn |
| Sep 30, 2017 | -119.13 Mn |