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