XCHG Limited (XCH)

Nasdaq: XCH · Miscellaneous Electrical Machinery, Equipment & Supplies · Hamburg · filing with the SEC since 2023

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Grade4.8

◀ Past 5.2● Present 3.9▶ Future 5.5

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of XCHG Limited

Nine metrics read from its own filings, by tense

Headline grade

4.8/10

◀ Past5.230% of the headline

● Present3.940% of the headline

▶ Future5.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.2/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

8.8/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 33% of this tense · 88th percentile among 43 sector filers · read for itself

From the record

XCHG Limited's filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.3/10

What has it actually done, year after year?

-5.2% a year over 4 filed years; profitable in 1 of 4.

weight 45% of this tense · 43rd percentile among 35 sector filers · read for its customers

From the record

XCHG Limited's 4 filed years say what it did: revenue went from $29 million in fiscal 2022 to $25 million in fiscal 2025, down 5.2% a year; it rose in 2 of 3 years; the deepest fall was 41% from fiscal 2024 to fiscal 2025; net income was positive in 1 of 4 of those years (its annual reports).

What it rests on

revenue growth over the filed span-5.2%bottom 17% of its family
the share of years revenue rosebottom 49% of its family
the share of filed years with a profittop 30% of its family
the deepest fall from a revenue peak40.5%bottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.4/10

How has it treated the people who own it?

SI estimate 1.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 14th percentile among 39 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 14% of 39 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 39 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: XCHG Limited's shareholder treatment is put at 1.4 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 14% of 39 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.3/10

Is it financially healthy right now?

ROE -182%: lost 182¢ per shareholder dollar. Leverage 58%: owes 58¢ per asset dollar.

weight 45% of this tense · 43rd percentile among 39 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, XCHG Limited lost about 182 cents for every dollar of shareholders' money, and gross profitability: its products earned about 27 cents per dollar of everything the company owns. Leverage: it owed about 58 cents per dollar of assets, and net share issuance: its share count grew 117.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 45% of its family
return on equitybottom 19% of its family
gross profit against assetstop 13% of its family
the share count against the year beforebottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

2.6/10

How strong is its position in its industry?

bottom 27% of 39 in its family; net margin -129.5%.

weight 33% of this tense · 27th percentile among 39 sector filers · read for its customers

From the record

XCHG Limited's standing among 39 graded names in its industry family: revenue of $25 million in fiscal 2025 ranks in the bottom 31% by size; a net margin of -129.5% ranks in the bottom 32%; revenue growth of -5.2% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

revenue against the family$25.1Mbottom 31% of its family
net margin-129.5%bottom 32% of its family
three-year revenue growth-5.2%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 27 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 27 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 27 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: XCHG Limited's leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 27 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

7.6/10

How much room does it have to grow?

top 24% of 39 in its family for room to expand.

weight 45% of this tense · 76th percentile among 39 sector filers · read for itself

From the record

XCHG Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $11 million against no long-term debt tagged leaves 26.7% of its assets as net cash, top 16% of its family; cash from operations less capital spending is -30% of revenue (top 47%); a gross margin of 46.2% (top 10%); research spending of 28.2% of revenue (top 23%) (its annual report).

What it rests on

cash less debt against assets26.7%top 16% of its family
cash from operations less capital spending against revenue-30.0%top 47% of its family
gross margin46.2%top 10% of its family
research spending against revenue28.2%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

5.6/10

What could actually drive growth from here?

top 44% of 35 in its family for growth drivers.

weight 33% of this tense · 56th percentile among 35 sector filers · read for its customers

From the record

XCHG Limited's growth drivers, from the filed years to fiscal 2025: revenue grew -5.2% a year over the last three filed years against -5.2% over all 4, speeding up (top 28% of its family); the newest year grew -40.5% (bottom 10%); research spending grew 35.9% a year (top 15%) (its annual reports). XCHG Limited reported 2 product lines in fiscal 2025: Product at $24 million (96%), Service at $1 million (4%); 1 of 2 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span+0.0 points a yeartop 28% of its family
the newest year's revenue growth-40.5%bottom 10% of its family
three-year growth of research spending35.9%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

1.2/10

Did its newest year beat what its own record pointed to?

bottom 12% of 35 in its family for expectations against reality.

weight 22% of this tense · 12th percentile among 35 sector filers · read for its shareholders

From the record

XCHG Limited's newest year against its own record: revenue of $25 million in fiscal 2025 came in 50.3% below the $51 million its prior three years' pace pointed to (bottom 13% of its family); net income of $33 million against a prior three-year average of $6 million (bottom 10%); a net margin of a loss larger than its revenue against -14.6% before (bottom 13%) (its annual reports).

What it rests on

revenue against the prior three years' pace-50.3%bottom 13% of its family
net income against the prior three years' average-430%bottom 10% of its family
net margin against its prior averagedown more than 100 pointsbottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton XCH · research, not advice