XChange TEC.INC (XHG) Notes Payables (2018 - 2025)

XChange TEC.INC (XHG) reported Notes Payables of $4.5 million for Q3 2025, down 96.95% year-on-year from $149.0 million in Q3 2024, and down 96.84% quarter-over-quarter from $143.9 million in Q1 2025.

XChange TEC.INC (XHG) has 8 years of Notes Payables data on file, last reported at $4.5 million in Q3 2025.

  • For the quarter ending Q3 2025, Notes Payables fell 96.95% year-over-year to $4.5 million; the trailing twelve-month figure through Sep 2025 stood at $4.5 million (down 96.95% YoY), and the FY2025 full-year result was $93.8 million, up 4934.12% from the prior year.
  • Notes Payables for Q3 2025 stood at $4.5 million, down from $143.9 million in the prior quarter.
  • Across five years, Notes Payables topped out at $179.1 million in Q1 2024 and bottomed at $956738.5 in Q3 2022.
  • A 5-year average of $74.4 million and a median of $68.9 million in 2022 frame the typical range for Notes Payables.
  • Across the five-year window, Notes Payables jumped 2325.11% in 2024 and tumbled 96.95% in 2025, its largest moves.
  • Tracing XHG's Notes Payables over 5 years: stood at $2.8 million in 2021, then tumbled by 65.79% to $956738.5 in 2022, then surged by 542.04% to $6.1 million in 2023, then jumped by 2325.11% to $149.0 million in 2024, then tumbled by 96.95% to $4.5 million in 2025.
  • According to Business Quant data, Notes Payables over the past three periods registered $4.5 million, $143.9 million, and $149.0 million for Q3 2025, Q1 2025, and Q3 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Aon 69.60 Bn 68.21 Bn -
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn -
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn
5 XChange TEC.INC 6.95 Bn 6.95 Bn -
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn
8 Baldwin Insurance 1.84 Bn 2.28 Bn -
9 Goosehead Insurance 1.01 Bn 899.53 Mn -
10 Twfg 279.02 Mn 351.22 Mn -

Historic Data

Download Data 🔒
DateValue
Sep 30, 2025 4.55 Mn
Mar 31, 2025 143.86 Mn
Sep 30, 2024 148.97 Mn
Mar 31, 2024 179.14 Mn
Sep 30, 2023 6.14 Mn
Mar 31, 2023 19.75 Mn
Sep 30, 2022 956,738.53
Mar 31, 2022 118.01 Mn
Sep 30, 2021 2.80 Mn
Mar 31, 2021 119.88 Mn
Sep 30, 2020 25.54 Mn
Mar 31, 2020 59.45 Mn
Sep 30, 2019 107.96 Mn
Sep 30, 2018 162.96 Mn