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20-F

Annual Report (Foreign)

XChange TEC.INC XHG

0001213900-26-004379

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Filed
Jan 14, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Sep 30, 2025 50.25B sh
Shares Diluted restated FY 2025 · Sep 30, 2024 238.25M sh
Shares Diluted restated FY 2025 · Sep 30, 2023 28.05M sh
Operating Cash Flow FY 2025 · Sep 30, 2025 −$1.64M
Operating Cash Flow FY 2025 · Sep 30, 2025 −¥11.7M
Operating Cash Flow FY 2025 · Sep 30, 2024 −¥9.77M
Operating Cash Flow FY 2025 · Sep 30, 2023 −¥39.87M
Short Term Debt FY 2025 · Sep 30, 2025 $4.57M
Short Term Debt FY 2025 · Sep 30, 2025 ¥32.53M
Short Term Debt FY 2025 · Sep 30, 2024 ¥32.07M
Short Term Investments FY 2025 · Sep 30, 2025 $266K
Short Term Investments FY 2025 · Sep 30, 2025 ¥1.89M
Short Term Investments FY 2025 · Sep 30, 2024 ¥2.03M
Cash And Equivalents FY 2025 · Sep 30, 2025 $1.53M
Cash And Equivalents FY 2025 · Sep 30, 2025 ¥10.88M
Cash And Equivalents FY 2025 · Sep 30, 2024 ¥8.09M
Stockholders Equity FY 2025 · Sep 30, 2025 −$123.63M
Stockholders Equity FY 2025 · Sep 30, 2025 −¥880.14M
Stockholders Equity FY 2025 · Sep 30, 2024 −¥556.57M
Stockholders Equity FY 2025 · Sep 30, 2023 −¥643.42M
Stockholders Equity FY 2025 · Sep 30, 2022 −¥572.86M
Current Liabilities FY 2025 · Sep 30, 2025 $133.33M
Current Liabilities FY 2025 · Sep 30, 2025 ¥949.17M
Current Liabilities FY 2025 · Sep 30, 2024 ¥1.34B
Total Liabilities FY 2025 · Sep 30, 2025 $133.38M
Total Liabilities FY 2025 · Sep 30, 2025 ¥949.52M
Total Liabilities FY 2025 · Sep 30, 2024 ¥1.34B
Current Assets FY 2025 · Sep 30, 2025 $5.6M
Current Assets FY 2025 · Sep 30, 2025 ¥39.86M
Current Assets FY 2025 · Sep 30, 2024 ¥67.64M
Total Assets FY 2025 · Sep 30, 2025 $9.75M
Total Assets FY 2025 · Sep 30, 2025 ¥69.38M
Total Assets FY 2025 · Sep 30, 2024 ¥782.84M
Eps Diluted FY 2025 · Sep 30, 2025 $0.00
Eps Diluted FY 2025 · Sep 30, 2025 ¥0.00
Eps Diluted FY 2025 · Sep 30, 2024 ¥0.00
Eps Diluted FY 2025 · Sep 30, 2023 ¥0.00
Eps Basic FY 2025 · Sep 30, 2025 $0.00
Eps Basic FY 2025 · Sep 30, 2025 ¥0.00
Eps Basic FY 2025 · Sep 30, 2024 ¥0.00
Eps Basic FY 2025 · Sep 30, 2023 ¥0.00
Sga Expense FY 2025 · Sep 30, 2025 $4.56M
Sga Expense FY 2025 · Sep 30, 2025 ¥32.47M
Sga Expense FY 2025 · Sep 30, 2024 ¥16.09M
Sga Expense restated FY 2025 · Sep 30, 2023 ¥23.47M
Net Income FY 2025 · Sep 30, 2025 −$105.13M
Net Income FY 2025 · Sep 30, 2025 −¥748.41M
Net Income FY 2025 · Sep 30, 2024 −¥226.82M
Net Income FY 2025 · Sep 30, 2023 −¥71.31M
Operating Income FY 2025 · Sep 30, 2025 −$101.19M
Operating Income FY 2025 · Sep 30, 2025 −¥720.34M
Operating Income FY 2025 · Sep 30, 2024 −¥588.82M
Operating Income restated FY 2025 · Sep 30, 2023 −¥23.54M
Gross Profit FY 2025 · Sep 30, 2025 $1.12M
Gross Profit FY 2025 · Sep 30, 2025 ¥8M
Gross Profit FY 2025 · Sep 30, 2024 ¥13.47M
Cost Of Revenue FY 2025 · Sep 30, 2025 $50.19M
Cost Of Revenue FY 2025 · Sep 30, 2025 ¥357.27M
Cost Of Revenue FY 2025 · Sep 30, 2024 ¥274.9M
Revenue FY 2025 · Sep 30, 2025 $51.31M
Revenue FY 2025 · Sep 30, 2025 ¥365.27M
Revenue FY 2025 · Sep 30, 2024 ¥288.37M
Rd Expense FY 2025 · Sep 30, 2024 ¥24K
Rd Expense FY 2025 · Sep 30, 2023 ¥46K