XCHG Ltd
investors.xcharge.comWhat Do They Do?
Sells DC fast chargers, battery-integrated charging systems and related software and maintenance services to energy companies, charge point operators, and EV manufacturers and fleets.
20-F for FY2025, filed Apr 27, 2026We offer comprehensive EV charging solutions which primarily include the DC fast chargers named the C6 series and the C7 series, the…View ↗
Our EV charging solutions primarily include the DC fast chargers named the C6 series and the C7 series, the advanced battery-integrated DC…View ↗
Our customers primarily include energy customers and charge point operators. We have also expanded our customer base to a broader group…View ↗
How Do They Make Money?
Most revenue comes from selling chargers; customers pay the fixed price within one to six months after receiving them. Software updates and platform access are paid for over the service period, maintenance when completed, and extended warranties over the warranty period.
20-F for FY2025, filed Apr 27, 2026In the sales of EV chargers, the Group’s performance obligation is to deliver the promised EV chargers, including both the hardware and…View ↗
The Group recognizes the revenues from the software upgrades and updates service and the optional platform services over the contractual…View ↗
The Group also provides optional maintenance service and extended warranty service to the customers. Revenue from the optional maintenance…View ↗
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20-F for FY2025, filed Apr 27, 2026
FY2025 revenue by product or service ↗
$25.1M
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20-F for FY2025, filed Apr 27, 2026
$25.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales
Sold outright
20-F for FY2025, filed Apr 27, 2026 |
96%
FY2022: 98%
|
Sales, FY2025
$24M Sources
|
Sold outright |
|
Services
|
4.3%
FY2022: 2.3%
|
Services, FY2025
$1.1M Sources
|
Who Are Their Customers?
Energy customers and charge point operators, plus EV manufacturers and fleets, buy through the company's direct sales team. Customers typically enter framework agreements, then place individual orders with negotiated amounts and product specifications.
20-F for FY2025, filed Apr 27, 2026
Do Revenues Turn Into Profits?
No. It lost $32.5M in FY2025.
20-F for FY2025, filed Apr 27, 2026
How Are They Changing?
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