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XCH

XCHG Limited American Depositary Share

XCH

XCHG Limited American Depositary Share • NASDAQ
$1.07 ▲ 4.90% (+0.05)
Market Cap $63.61 M
52w High $27.94
52w Low $0.55
Dividend Yield 0%
P/E -2.14
Volume 10.76K
Outstanding Shares 59.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2024 $8.998M ▼ $5.075M ▲ $-951.159K ▼ -10.571% ▼ $-0.024 ▼ $-879.796K ▼
Q1-2024 $11.152M ▲ $4.746M ▼ $732.918K ▲ 6.572% ▲ $0.008 ▲ $788.009K ▲
Q4-2023 $10.518M ▲ $6.059M ▼ $-1.375M ▲ -13.073% ▲ $-0.068 ▲ $-1.377M ▲
Q3-2023 $8.405M ▼ $11.752M ▲ $-8.94M ▼ -106.372% ▼ $-0.15 ▼ $-8.817M ▼
Q2-2023 $12.204M $3.401M $2.033M 16.657% $0.034 $2.07M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $16.338M ▼ $47.355M ▲ $22.332M ▼ $25.022M ▲
Q2-2024 $24.258M ▲ $44.006M ▲ $74.968M ▲ $-30.962M ▼
Q1-2024 $12.781M ▼ $41.775M ▲ $71.471M ▲ $-29.696M ▲
Q4-2023 $15.661M ▼ $40.96M ▲ $70.997M ▲ $-30.037M ▼
Q3-2023 $16.381M $36.3M $64.652M $-28.353M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2024 $0 $-4.036M ▼ $-115.625K ▲ $1.314M ▼ $-2.88M ▼ $-4.044M ▼
Q4-2023 $0 $-2.494M ▲ $-203.825K ▼ $1.48M ▼ $-908.786K ▼ $-2.603M ▲
Q3-2023 $0 $-3.93M ▼ $1.247M ▲ $6.984M ▲ $7.931M ▲ $-4.134M ▼
Q2-2023 $0 $3.738M ▲ $-1.302M ▼ $1.756M ▲ $-285.45K ▼ $3.887M ▲
Q1-2023 $0 $-2.889M $2.524M $522.054K $285.45K $-3.252M

Five-Year Company Overview

Income Statement

Income Statement XCH is still at a very early commercial stage. Revenue is tiny but has been edging up over the past few years, and the company now earns a modest gross profit on its sales. However, operating results and overall net income remain in the red, with losses creeping slightly wider recently. This suggests the business is still investing ahead of scale and has not yet reached a level of sales that can cover its ongoing costs. Profitability is not yet established and will likely depend on how quickly deployments ramp up and how well costs are controlled as the company grows.

Balance Sheet

Balance Sheet The balance sheet is small and still fragile, but it has improved. Total assets have been increasing gradually, and cash makes up a meaningful share of those assets, which helps with near‑term liquidity. Debt is present but modest in absolute terms. A key point is that shareholder equity was negative for several years and only recently turned positive, indicating some balance‑sheet repair or fresh capital. Overall, the company appears better capitalized than before, but it still operates with a thin financial cushion and limited resources compared with larger industrial peers.

Cash Flow

Cash Flow The company continues to burn cash in its day‑to‑day operations, and free cash flow remains negative. There is essentially no visible investment in heavy physical assets yet, so cash use mainly reflects operating costs and growth spending rather than big construction projects. This pattern is typical for an early‑stage technology‑driven firm but also means the business is reliant on external funding or future cash inflows from growth to sustain itself. The current cash balance provides some flexibility, but ongoing cash burn is an important risk factor to watch.

Competitive Edge

Competitive Edge XCH operates in a crowded EV charging field but has carved out a clear niche. Its focus on battery‑integrated DC fast chargers for grid‑constrained sites addresses a very specific bottleneck: locations where traditional high‑power chargers are too costly or slow to deploy because of grid limits. Vertical integration in both hardware and software, high reported uptime, and proprietary technology provide some differentiation versus larger network players that lean more on standard grid‑tied chargers. Still, the company competes against much bigger, better‑funded rivals, so scaling brand awareness, securing partnerships, and proving reliability at larger volumes will be critical to defending this niche.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. XCH is pushing forward in several advanced areas: battery‑integrated fast charging, bidirectional energy services, smart energy management, and integration with solar. The new R&D center in Europe and manufacturing in the U.S. underscore a commitment to tailoring products to key markets and iterating quickly. Beyond hardware, initiatives like the blockchain‑based Energy Asset Vault show ambition to innovate on the business and financing side as well. The flip side is execution risk: turning a rich innovation pipeline into widely adopted, profitable products in a fast‑moving sector is challenging and resource‑intensive.

Summary

Overall, XCH looks like an early‑stage, innovation‑driven company with a compelling technical angle but a very small and still‑loss‑making financial base. The income statement shows a business that is not yet self‑sustaining, the balance sheet has only recently moved out of a weak position, and cash flow is consistently negative, implying reliance on outside funding until scale is achieved. Strategically, the company’s focus on battery‑integrated, grid‑flexible fast charging and its broader energy and software vision could be attractive if EV adoption and infrastructure needs continue to expand as expected. At the same time, intense competition, the need for capital, and the challenge of scaling from a small base introduce substantial uncertainty around the pace and durability of any future success.

NEWS

November 25, 2025 · 7:30 AM UTC

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October 21, 2025 · 7:00 AM UTC

XCHG Limited Publishes 2024 Environmental, Social and Governance Report

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October 16, 2025 · 7:30 AM UTC

XCharge North America's GridLink Wins “Battery Charging Technology Solution of the Year” in 2025 AutoTech Breakthrough Awards Program

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October 15, 2025 · 7:30 AM UTC

XCharge North America Launches Oregon's First Solar-Plus-Storage DC Fast-Charging Station in Partnership with Wildhorse Resort & Casino

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September 23, 2025 · 7:30 AM UTC

XCharge North America and Ascentium Capital Boost EV Charging Accessibility and Profitability with New Leasing Program

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