What is XCHG's operating income?

XCHG's total operating income in 2025 was -$32.62 million, based on the following breakdown: Total Gross Profit: $11.60 million Total Operating Expenses: $44.21 million

XCHG (XCH) Financials

$0.67 -0.01 (-1.44%)

Closing price 04:00 PM Eastern

Extended Trading

$0.66 -0.01 (-1.18%)

As of 07:51 PM Eastern

Compare

Annual Income Statements for XCHG

This table shows XCHG's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.03	-10	-13	-33
Consolidated Net Income / (Loss)	1.61	-8.08	-12	-33
Net Income / (Loss) Continuing Operations	1.61	-8.08	-12	-33
Total Pre-Tax Income	1.60	-8.08	-12	-33
Total Operating Income	1.65	-6.52	-12	-33
Total Gross Profit	11	18	21	12
Total Revenue	29	39	42	25
Operating Revenue	29	39	42	25
Total Cost of Revenue	19	21	21	14
Operating Cost of Revenue	19	21	21	14
Total Operating Expenses	9.05	24	33	44
Selling, General & Admin Expense	2.75	14	11	27
Marketing Expense	3.52	6.43	10	11
Research & Development Expense	2.82	4.06	12	7.07
Other Operating Expenses / (Income)	-0.03	-0.43	-0.04	-0.12
Total Other Income / (Expense), net	-0.06	-1.57	0.09	0.11
Interest Expense	0.07	0.19	-0.02	0.21
Interest & Investment Income	0.20	0.10	0.16	0.20
Other Income / (Expense), net	-0.19	-1.47	-0.09	0.13
Income Tax Expense	-0.01	0.00	0.00	0.00
Preferred Stock Dividends Declared	1.53	2.38	1.16	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.05	0.00	0.00	0.00
Basic Earnings per Share	$0.00	($0.01)	($0.01)	$0.00
Weighted Average Basic Shares Outstanding	656.20M	713.32M	1.29B	2.80B
Diluted Earnings per Share	$0.00	($0.01)	($0.01)	$0.00
Weighted Average Diluted Shares Outstanding	656.20M	713.32M	1.29B	2.80B
Weighted Average Basic & Diluted Shares Outstanding	-	-	2.38B	2.90B

No quarterly income statements for XCHG are available.

This table details how cash moves in and out of XCHG's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	3.84	7.02	11	-13
Net Cash From Operating Activities	0.85	-5.58	-7.20	-7.53
Net Cash From Continuing Operating Activities	0.85	-5.58	-7.20	-7.53
Net Income / (Loss) Continuing Operations	1.61	-8.08	-12	-33
Consolidated Net Income / (Loss)	1.61	-8.08	-12	-33
Depreciation Expense	0.14	0.20	0.23	0.28
Amortization Expense	-0.07	0.00	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	1.54	7.85	9.78	22
Changes in Operating Assets and Liabilities, net	-2.37	-5.55	-5.27	2.32
Net Cash From Investing Activities	1.22	2.27	-0.53	-1.50
Net Cash From Continuing Investing Activities	1.22	2.27	-0.53	-1.50
Purchase of Property, Plant & Equipment	-0.21	-0.53	-0.61	-0.68
Purchase of Investments	0.00	-0.09	0.00	0.00
Other Investing Activities, net	1.44	2.89	0.08	-0.82
Net Cash From Financing Activities	2.28	11	19	-4.33
Net Cash From Continuing Financing Activities	2.28	11	19	-4.33
Repayment of Debt	-3.76	-4.65	-7.26	-6.77
Issuance of Debt	6.40	17	8.52	4.20
Issuance of Common Equity	0.00	0.00	19	0.00
Other Financing Activities, net	-0.36	-1.96	-1.20	-1.76
Effect of Exchange Rate Changes	-0.51	-0.41	-0.33	0.49
Cash Interest Paid	0.12	0.08	0.21	0.13
Cash Income Taxes Paid	0.00	0.00	0.08	0.05

No quarterly cash flow statements for XCHG are available.

This table presents XCHG's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Total Assets	41	57	43
Total Current Assets	40	54	37
Cash & Equivalents	16	27	11
Restricted Cash	0.03	0.00	2.52
Accounts Receivable	14	13	9.52
Inventories, net	6.66	7.68	9.43
Prepaid Expenses	3.23	6.50	4.25
Plant, Property, & Equipment, net	0.58	0.97	1.97
Total Noncurrent Assets	0.64	1.65	3.48
Other Noncurrent Operating Assets	0.51	1.65	3.48
Total Liabilities & Shareholders' Equity	41	57	43
Total Liabilities	31	28	25
Total Current Liabilities	31	26	24
Short-Term Debt	18	8.81	6.40
Accounts Payable	11	14	12
Current Deferred Revenue	-	3.23	4.07
Other Current Liabilities	1.87	0.56	0.92
Total Noncurrent Liabilities	0.25	1.44	1.26
Other Noncurrent Operating Liabilities	0.25	1.44	1.26
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-30	30	18
Total Preferred & Common Equity	-30	30	18
Preferred Stock	2.00	0.00	0.00
Total Common Equity	-32	29	18
Common Stock	6.57	80	101
Retained Earnings	-40	-52	-85
Accumulated Other Comprehensive Income / (Loss)	1.82	1.98	1.89

No quarterly balance sheets for XCHG are available.

This table displays calculated financial ratios and metrics derived from XCHG's official financial filings.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	-	2,901,565,362.00
DEI Adjusted Shares Outstanding	0.00	0.00	-	2,901,565,362.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-	-0.01
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	30.89%	9.59%	-40.53%
EBITDA Growth	0.00%	-608.96%	-52.64%	-171.02%
EBIT Growth	0.00%	-645.61%	-51.67%	-168.08%
NOPAT Growth	0.00%	-373.69%	-84.58%	-171.10%
Net Income Growth	0.00%	-602.10%	-47.71%	-172.20%
EPS Growth	0.00%	0.00%	0.00%	100.00%
Operating Cash Flow Growth	0.00%	-756.95%	-29.16%	-4.51%
Free Cash Flow Firm Growth	0.00%	0.00%	54.78%	-180.05%
Invested Capital Growth	0.00%	0.00%	-6.65%	-11.76%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	36.38%	45.63%	50.29%	46.20%
EBITDA Margin	5.20%	-20.22%	-28.16%	-128.34%
Operating Margin	5.62%	-16.92%	-28.51%	-129.94%
EBIT Margin	4.98%	-20.75%	-28.71%	-129.43%
Profit (Net Income) Margin	5.47%	-20.99%	-28.29%	-129.49%
Tax Burden Percent	100.73%	100.00%	100.00%	100.00%
Interest Burden Percent	109.15%	101.17%	98.53%	100.05%
Effective Tax Rate	-0.73%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-74.44%	-71.07%	-210.82%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-383.63%	-26.49%	-135.61%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-87.55%	10.59%	73.61%
Return on Equity (ROE)	0.00%	-161.99%	-60.47%	-137.21%
Cash Return on Invested Capital (CROIC)	0.00%	-274.44%	-64.18%	-198.33%
Operating Return on Assets (OROA)	0.00%	-19.51%	-24.71%	-65.10%
Return on Assets (ROA)	0.00%	-19.74%	-24.34%	-65.13%
Return on Common Equity (ROCE)	0.00%	519.99%	3.87%	-137.10%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-40.46%	0.00%
Net Operating Profit after Tax (NOPAT)	1.67	-4.56	-8.42	-23
NOPAT Margin	5.67%	-11.85%	-19.95%	-90.96%
Net Nonoperating Expense Percent (NNEP)	0.00%	309.19%	-44.57%	-75.22%
Return On Investment Capital (ROIC_SIMPLE)	-	38.15%	-21.98%	-94.08%
Cost of Revenue to Revenue	63.62%	54.37%	49.71%	53.80%
SG&A Expenses to Revenue	9.33%	36.42%	25.57%	105.81%
R&D to Revenue	9.57%	10.55%	28.81%	28.17%
Operating Expenses to Revenue	30.76%	62.56%	78.79%	176.15%
Earnings before Interest and Taxes (EBIT)	1.46	-7.99	-12	-32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.53	-7.79	-12	-32
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	88.55	177.11
Price to Tangible Book Value (P/TBV)	0.00	0.00	88.55	177.11
Price to Revenue (P/Rev)	0.70	0.54	61.92	125.92
Price to Earnings (P/E)	747.93	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.13%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	5.30	226.79	310.55
Enterprise Value to Revenue (EV/Rev)	0.00	1.69	61.49	125.62
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	1.81	0.30	0.36
Long-Term Debt to Equity	0.00	0.00	0.00	0.00
Financial Leverage	0.00	0.23	-0.40	-0.54
Leverage Ratio	0.00	4.10	2.48	2.11
Compound Leverage Factor	0.00	4.15	2.45	2.11
Debt to Total Capital	0.00%	64.43%	22.99%	26.38%
Short-Term Debt to Total Capital	0.00%	64.43%	22.99%	26.38%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	7.13%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	142.63%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-114.19%	77.01%	73.53%
Debt to EBITDA	0.00	-2.32	-0.74	-0.20
Net Debt to EBITDA	0.00	-0.29	1.52	0.23
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	-3.96	-1.05	-0.28
Net Debt to NOPAT	0.00	-0.50	2.15	0.33
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	-0.42	56.09	72.13
Noncontrolling Interest Sharing Ratio	0.00%	421.00%	106.40%	0.08%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	1.29	2.08	1.58
Quick Ratio	0.00	0.97	1.54	0.89
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-17	-7.61	-21
Operating Cash Flow to CapEx	397.20%	-1,060.15%	-1,173.55%	-1,111.09%
Free Cash Flow to Firm to Interest Expense	0.00	-86.48	0.00	-99.95
Operating Cash Flow to Interest Expense	12.67	-28.67	0.00	-35.03
Operating Cash Flow Less CapEx to Interest Expense	9.48	-31.37	0.00	-38.18
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.94	0.86	0.50
Accounts Receivable Turnover	0.00	2.72	3.06	2.18
Inventory Turnover	0.00	3.15	2.93	1.58
Fixed Asset Turnover	0.00	66.82	54.61	17.07
Accounts Payable Turnover	0.00	1.94	1.73	1.05
Days Sales Outstanding (DSO)	0.00	134.27	119.45	167.09
Days Inventory Outstanding (DIO)	0.00	116.04	124.73	231.32
Days Payable Outstanding (DPO)	0.00	187.88	211.42	348.27
Cash Conversion Cycle (CCC)	0.00	62.43	32.76	50.13
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	12	11	10
Invested Capital Turnover	0.00	6.28	3.56	2.32
Increase / (Decrease) in Invested Capital	0.00	12	-0.82	-1.35
Enterprise Value (EV)	0.00	65	2,595	3,153
Market Capitalization	21	21	2,613	3,161
Book Value per Share	$0.00	($0.04)	$0.02	$0.01
Tangible Book Value per Share	$0.00	($0.04)	$0.02	$0.01
Total Capital	0.00	28	38	24
Total Debt	0.00	18	8.81	6.40
Total Long-Term Debt	0.00	0.00	0.00	0.00
Net Debt	0.00	2.28	-18	-7.51
Capital Expenditures (CapEx)	0.21	0.53	0.61	0.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	11	10	6.07
Debt-free Net Working Capital (DFNWC)	0.00	27	37	20
Net Working Capital (NWC)	0.00	9.02	28	14
Net Nonoperating Expense (NNE)	0.06	3.52	3.52	9.67
Net Nonoperating Obligations (NNO)	0.00	2.28	-18	-7.71
Total Depreciation and Amortization (D&A)	0.07	0.20	0.23	0.28
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	29.60%	24.31%	24.17%
Debt-free Net Working Capital to Revenue	0.00%	70.35%	87.75%	79.58%
Net Working Capital to Revenue	0.00%	23.42%	66.87%	54.08%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.01)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	1.29B	2.80B
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.01)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	1.29B	2.80B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	2.38B	2.90B
Normalized Net Operating Profit after Tax (NOPAT)	1.16	-4.56	-8.42	-23
Normalized NOPAT Margin	3.94%	-11.85%	-19.95%	-90.96%
Pre Tax Income Margin	5.43%	-20.99%	-28.29%	-129.49%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	21.87	-41.08	0.00	-151.19
NOPAT to Interest Expense	24.90	-23.46	0.00	-106.25
EBIT Less CapEx to Interest Expense	18.68	-43.78	0.00	-154.34
NOPAT Less CapEx to Interest Expense	21.70	-26.16	0.00	-109.40
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for XCHG are available.

Financials Breakdown Chart

XCHG Financials - Frequently Asked Questions

According to the most recent income statement we have on file, XCHG's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

XCHG's net income appears to be on an upward trend, with a most recent value of -$32.50 million in 2025, falling from $1.61 million in 2022. The previous period was -$11.94 million in 2024. View XCHG's forecast to see where analysts expect XCHG to go next.

XCHG's total operating income in 2025 was -$32.62 million, based on the following breakdown:

Total Gross Profit: $11.60 million
Total Operating Expenses: $44.21 million

Over the last 3 years, XCHG's total revenue changed from $29.42 million in 2022 to $25.10 million in 2025, a change of -14.7%.

XCHG's total liabilities were at $24.80 million at the end of 2025, a 10.2% decrease from 2024, and a 19.9% decrease since 2023.

In the past 2 years, XCHG's cash and equivalents has ranged from $11.39 million in 2025 to $26.77 million in 2024, and is currently $11.39 million as of their latest financial filing in 2025.

Over the last 3 years, XCHG's book value per share changed from 0.00 in 2022 to 0.01 in 2025, a change of 0.8%.

Related Companies

Financial statements for NASDAQ:XCH last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

XCHG (XCH) Financials

Financials Breakdown Chart

XCHG Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

XCHG (XCH) Financials

Annual Income Statements for XCHG

Quarterly Income Statements for XCHG

Annual Cash Flow Statements for XCHG

Quarterly Cash Flow Statements for XCHG

Annual Balance Sheets for XCHG

Quarterly Balance Sheets for XCHG

Annual Metrics And Ratios for XCHG

Quarterly Metrics And Ratios for XCHG

Financials Breakdown Chart

XCHG Financials - Frequently Asked Questions

When does XCHG's financial year end?

How has XCHG's net income changed over the last 3 years?

What is XCHG's operating income?

How has XCHG's revenue changed over the last 3 years?

How much debt does XCHG have?

How much cash does XCHG have?

How has XCHG's book value per share changed over the last 3 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools