X3 HOLDINGS CO., LTD. financials
Source: EDGAR filings · Built 2026-10-03T00:03:12Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.47M | -1.72M | -11.83M | -12.28M | -11.86M | -571.57K |
| EBITDA | -29.37M | -77.29M | -48.10M | -17.94M | -6.10M | -1.84M |
| Working Capital | -1.50M | -8.96M | -760.20K | 59.47M | 6.70M | 1.27M |
| Net Debt | 1.48M | 6.62M | 2.40M | 50.43M | 61.77M | 66.50M |
| Gross Margin | 64.30% | 39.80% | 20.33% | 35.94% | 33.39% | 35.23% |
| Operating Margin | -510.86% | -718.28% | -318.35% | -191.73% | -25.28% | -12.33% |
| Net Margin | -416.41% | -656.57% | -651.41% | -205.15% | -29.11% | -68.86% |
| Return on Equity (ROE) | -73.84% | -165.93% | -82.51% | -20.92% | -11.23% | -25.22% |
| Return on Assets (ROA) | -42.50% | -88.24% | -62.29% | -16.47% | -8.14% | -17.29% |
| Current Ratio | 0.93× | 0.74× | 0.98× | 3.13× | 1.21× | 1.04× |
| Debt-to-Equity | 0.10× | 0.24× | 0.04× | 0.58× | 0.83× | 1.03× |
| Effective Tax Rate | 5.93% | 0.15% | 0.05% | 4.43% | 1.80% | 0.44% |
| Cash Conversion Ratio | 0.12× | 0.01× | 0.10× | 0.45× | 1.04× | -0.06× |
| Accruals Ratio | -0.37× | -0.87× | -0.56× | -0.09× | 0.00× | -0.18× |
| SBC % of Revenue | 95.80% | 50.25% | 36.01% | 57.08% | 19.74% | 5.53% |
| CapEx Coverage | -14.22× | -1.37× | -16.42× | -3.68× | -4.65× | 0.65× |
| Free Cash Flow Per Share | $-11.28 | $-22.37 | $-1126.53 | $-3243.32 | $-57.77 | $-0.04 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 6.29M | 11.61M | 16.82M | 10.48M | 32.09M | 26.66M |
| Cost of Revenue | 2.25M | 6.99M | 13.40M | 6.72M | 21.38M | 17.27M |
| Gross Profit | 4.05M | 4.62M | 3.42M | 3.77M | 10.72M | 9.39M |
| Research and Development Expense | 2.55M | 4.06M | 4.81M | 3.46M | 2.61M | 2.78M |
| Operating Expenses | 36.19M | 88.02M | 56.98M | 23.87M | 18.83M | 12.68M |
| Operating Income (Loss) | -32.14M | -83.40M | -53.56M | -20.10M | -8.11M | -3.29M |
| Income Tax Expense (Benefit) | -1.66M | -122.75K | -57.34K | -999.39K | -173.94K | -80.53K |
| Net Income (Loss) Attributable to Parent | -26.20M | -76.24M | -109.60M | -21.51M | -9.34M | — |
| Earnings Per Share, Basic | $-202.46 | $-993.64 | $-10434.89 | $-5678.80 | $-45.51 | $-1.13 |
| Weighted Average Number of Shares Outstanding, Basic | 307,365 | 76,725 | 10,503 | 3,787 | 205,268 | 16.15M |
| Earnings Per Share, Diluted | $-202.46 | $-993.64 | $-10434.89 | $-5678.80 | $-45.51 | $-1.13 |
| Weighted Average Number of Shares Outstanding, Diluted | 307,365 | 76,725 | 10,503 | 3,787 | 205,268 | 16.15M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.21M | 4.19M | 2.99M | 9.38M | 7.00M | 8.40M |
| Assets, Current | 18.55M | 25.50M | 31.07M | 87.41M | 38.62M | 34.76M |
| Assets | 61.64M | 86.40M | 175.96M | 130.59M | 114.82M | 106.18M |
| Long-term Debt | 3.13M | — | — | 9.08M | 2.25M | 74.90M |
| Liabilities, Current | 20.04M | 34.46M | 31.83M | 27.94M | 31.92M | 33.49M |
| Liabilities | 21.64M | 36.49M | 31.94M | 28.04M | 31.92M | 33.49M |
| Stockholders' Equity Attributable to Parent | 35.48M | 45.94M | 132.84M | 102.81M | 83.16M | 72.81M |
| Common Stock, Shares, Outstanding | — | — | — | 1.19M | 56.79M | 45.78M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.24M | -992.44K | -11.15M | -9.66M | -9.76M | 1.05M |
| Payments to Acquire Property, Plant, and Equipment | 227.83K | 723.98K | 679.15K | 2.63M | 2.10M | 1.62M |
| Net Cash Provided by (Used in) Investing Activities | -872.73K | -1.51M | -2.43M | -815.22K | -4.07M | -65.90M |
| Net Cash Provided by (Used in) Financing Activities | 1.94M | 2.18M | 9.29M | 12.98M | 12.29M | 70.04M |
Derived Metrics
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q2 2024 | Q4 2023 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -1.90M | — | -1.70M | — | — |
| EBITDA | — | -16.30M | — | -8.76M | — | — |
| Working Capital | -1.50M | -1.26M | -8.96M | 10.20M | — | -760.20K |
| Net Debt | 1.48M | -1.99M | 6.62M | 4.61M | — | 2.40M |
| Gross Margin | — | 45.94% | — | 44.47% | — | — |
| Operating Margin | — | -592.59% | — | -234.01% | — | — |
| Net Margin | — | -548.93% | — | -209.99% | — | — |
| Return on Equity (ROE) | — | -38.44% | — | -8.36% | — | — |
| Return on Assets (ROA) | — | -22.84% | — | -6.12% | — | — |
| Current Ratio | 0.93× | 0.95× | 0.74× | 1.31× | — | 0.98× |
| Debt-to-Equity | 0.10× | 0.02× | 0.24× | 0.05× | — | 0.04× |
| Effective Tax Rate | — | 9.39% | — | 1.28% | — | — |
| Cash Conversion Ratio | — | 0.11× | — | 0.10× | — | — |
| Accruals Ratio | — | -0.20× | — | -0.05× | — | — |
| SBC % of Revenue | — | 135.37% | — | 73.19% | — | — |
| CapEx Coverage | — | -71.12× | — | -1.81× | — | — |
| Free Cash Flow Per Share | — | $-0.67 | — | $-0.78 | — | — |
Income Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q2 2024 | Q4 2023 |
|---|---|---|---|---|---|---|
| Revenues | — | 2.98M | — | 4.99M | — | — |
| Cost of Revenue | — | 1.61M | — | 2.77M | — | — |
| Gross Profit | — | 1.37M | — | 2.22M | — | — |
| Research and Development Expense | — | 1.60M | — | 2.16M | — | — |
| Operating Expenses | — | 19.06M | — | 13.91M | — | — |
| Operating Income (Loss) | — | -17.68M | — | -11.69M | — | — |
| Income Tax Expense (Benefit) | — | -1.69M | — | -144.95K | — | — |
| Net Income (Loss) Attributable to Parent | — | -16.38M | — | -10.49M | — | — |
| Earnings Per Share, Basic | — | $-18.46 | — | $-4.79 | — | — |
| Weighted Average Number of Shares Outstanding, Basic | 307,365 | 2.84M | 76,725 | 2.19M | — | 10,503 |
| Earnings Per Share, Diluted | — | $-18.46 | — | $-4.79 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 307,365 | 2.84M | 76,725 | 2.19M | — | 10,503 |
Balance Sheet
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q2 2024 | Q4 2023 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.21M | 2.65M | 4.19M | 1.47M | — | 2.99M |
| Assets, Current | 18.55M | 23.64M | 25.50M | 43.23M | — | 31.07M |
| Assets | 61.64M | 71.73M | 86.40M | 171.26M | — | 175.96M |
| Long-term Debt | 3.13M | — | — | — | — | — |
| Liabilities, Current | 20.04M | 24.89M | 34.46M | 33.03M | — | 31.83M |
| Liabilities | 21.64M | 25.26M | 36.49M | 35.16M | — | 31.94M |
| Stockholders' Equity Attributable to Parent | 35.48M | 42.62M | 45.94M | 125.45M | — | 132.84M |
| Common Stock, Shares, Outstanding | — | — | — | 243,902 | — | — |
Cash Flow Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q2 2024 | Q4 2023 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | — | -1.87M | — | -1.10M | — | — |
| Payments to Acquire Property, Plant, and Equipment | — | 26.30K | — | 605.75K | — | — |
| Net Cash Provided by (Used in) Investing Activities | — | -54.17K | — | -1.30M | — | — |
| Net Cash Provided by (Used in) Financing Activities | — | 253.73K | — | 930.80K | — | — |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (XTKGF CIK 0001754323),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.