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| Date | Value |
|---|---|
| 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 |