XChange TEC.INC (XHG) Notes Payables (2017 - 2025)

XChange TEC.INC (XHG) posted Notes Payables of $93.3 million for Q3 2025, up 995.86% on a QoQ basis from $8.5 million in Q1 2025, and down 37.35% year-over-year from $149.0 million in Q3 2024.

XChange TEC.INC (XHG) Notes Payables (2017 - 2025) Analysis & Trends

XChange TEC.INC's Notes Payables history runs 9 years deep, the most recent figure standing at $93.3 million for Q3 2025.

  • Quarterly Notes Payables fell 37.35% year-over-year to $93.3 million in Q3 2025, while the trailing twelve-month figure through Sep 2025 was $93.3 million (down 37.35% YoY) and the FY2025 annual result came in at $93.8 million, up 4934.12% from the prior year.
  • Notes Payables was $93.3 million for Q3 2025 at XChange TEC.INC, up from $8.5 million in the prior quarter.
  • Across five years, Notes Payables topped out at $149.0 million in Q3 2024 and bottomed at -$19.1 million in Q1 2021.
  • A 5-year average of $27.4 million and a median of $2.8 million in 2021 frame the typical range for Notes Payables.
  • Annual changes were most pronounced in 2021 — Notes Payables tumbled 129.88% — and 2024, when it jumped 2325.11%.
  • XChange TEC.INC's Notes Payables stood at $2.8 million in 2021, then plunged by 65.79% to $956738.5 in 2022, then jumped by 542.04% to $6.1 million in 2023, then soared by 2325.11% to $149.0 million in 2024, then tumbled by 37.35% to $93.3 million in 2025.
  • Business Quant data shows XHG's Notes Payables at $93.3 million in Q3 2025, $8.5 million in Q1 2025, and $149.0 million in Q3 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Marsh & Mclennan Companies 84.27 Bn 72.32 Bn 6.04 Bn
2 Aon 75.99 Bn 74.60 Bn -
3 Arthur J. Gallagher 62.23 Bn 60.85 Bn -
4 Willis Towers Watson 27.24 Bn 25.46 Bn 1.98 Bn
5 Brown & Brown 23.60 Bn 22.62 Bn 1.61 Bn
6 Neptune Insurance Holdings 4.12 Bn 4.11 Bn 26.44 Mn
7 Accelerant Holdings 3.06 Bn 1.55 Bn 48.00 Mn
8 Corvel 3.03 Bn 2.68 Bn 54.92 Mn
9 Baldwin Insurance 2.43 Bn 2.87 Bn -
10 XChange TEC.INC 51.96 Mn 50.25 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2025 93.33 Mn
Mar 31, 2025 8.52 Mn
Sep 30, 2024 148.97 Mn
Sep 30, 2023 6.14 Mn
Mar 31, 2023 2.29 Mn
Sep 30, 2022 956,738.53
Mar 31, 2022 2.30 Mn
Sep 30, 2021 2.80 Mn
Mar 31, 2021 -19.07 Mn
Sep 30, 2020 25.54 Mn
Mar 31, 2020 63.80 Mn
Sep 30, 2019 107.96 Mn
Sep 30, 2018 162.96 Mn
Sep 30, 2017 -117.72 Mn