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20-F

Annual Report (Foreign)

X3 HOLDINGS CO., LTD.

0001213900-26-048038

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Filed
Apr 27, 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 · Dec 31, 2025 307.37K sh
Shares Diluted restated FY 2025 · Dec 31, 2024 76.73K sh
Shares Diluted restated FY 2025 · Dec 31, 2023 10.5K sh
Capex FY 2025 · Dec 31, 2025 $227.83K
Capex FY 2025 · Dec 31, 2024 $723.98K
Capex FY 2025 · Dec 31, 2023 $679.15K
Operating Cash Flow FY 2025 · Dec 31, 2025 −$3.24M
Operating Cash Flow FY 2025 · Dec 31, 2024 −$992.44K
Operating Cash Flow FY 2025 · Dec 31, 2023 −$11.15M
Long Term Debt FY 2025 · Dec 31, 2025 $3.13M
Short Term Debt FY 2025 · Dec 31, 2025 $3.13M
Short Term Debt FY 2025 · Dec 31, 2024 $3.88M
Cash And Equivalents FY 2025 · Dec 31, 2025 $2.21M
Cash And Equivalents FY 2025 · Dec 31, 2024 $4.19M
Cash And Equivalents FY 2025 · Dec 31, 2023 $2.99M
Stockholders Equity FY 2025 · Dec 31, 2025 $35.48M
Stockholders Equity FY 2025 · Dec 31, 2024 $45.94M
Current Liabilities FY 2025 · Dec 31, 2025 $20.04M
Current Liabilities FY 2025 · Dec 31, 2024 $34.46M
Total Liabilities FY 2025 · Dec 31, 2025 $21.64M
Total Liabilities FY 2025 · Dec 31, 2024 $36.49M
Current Assets FY 2025 · Dec 31, 2025 $18.55M
Current Assets FY 2025 · Dec 31, 2024 $25.5M
Total Assets FY 2025 · Dec 31, 2025 $61.64M
Total Assets FY 2025 · Dec 31, 2024 $86.4M
Eps Diluted FY 2025 · Dec 31, 2025 −$202.46
Eps Diluted restated FY 2025 · Dec 31, 2024 −$993.64
Eps Diluted restated FY 2025 · Dec 31, 2023 −$10,434.89
Eps Basic FY 2025 · Dec 31, 2025 −$202.46
Eps Basic restated FY 2025 · Dec 31, 2024 −$993.64
Eps Basic restated FY 2025 · Dec 31, 2023 −$10,434.89
Sga Expense FY 2025 · Dec 31, 2025 $6.46M
Sga Expense FY 2025 · Dec 31, 2024 $7.18M
Sga Expense FY 2025 · Dec 31, 2023 $12.13M
Rd Expense FY 2025 · Dec 31, 2025 $2.55M
Rd Expense FY 2025 · Dec 31, 2024 $4.06M
Rd Expense FY 2025 · Dec 31, 2023 $4.81M
Net Income FY 2025 · Dec 31, 2025 −$26.2M
Net Income FY 2025 · Dec 31, 2024 −$76.24M
Net Income FY 2025 · Dec 31, 2023 −$109.6M
Operating Income FY 2025 · Dec 31, 2025 −$32.14M
Operating Income FY 2025 · Dec 31, 2024 −$83.4M
Operating Income FY 2025 · Dec 31, 2023 −$53.56M
Gross Profit FY 2025 · Dec 31, 2025 $4.05M
Gross Profit FY 2025 · Dec 31, 2024 $4.62M
Gross Profit FY 2025 · Dec 31, 2023 $3.42M
Cost Of Revenue FY 2025 · Dec 31, 2025 $2.25M
Cost Of Revenue FY 2025 · Dec 31, 2024 $6.99M
Cost Of Revenue FY 2025 · Dec 31, 2023 $13.4M
Revenue FY 2025 · Dec 31, 2025 $6.29M
Revenue FY 2025 · Dec 31, 2024 $11.61M
Revenue FY 2025 · Dec 31, 2023 $16.82M