XTKG

MKT CAP:$575474

X3 Holdings Co., Ltd.

Market Cap

$575474

Technology·Software - Application·🇸🇬 Singapore·NASDAQ

Technology·Software App·🇸🇬·NASDAQ

Stock Price

$0.59-$9.01 (-93.81%)

Apr 15, 2026

Company Details

X3 Holdings Co., Ltd., through its subsidiaries, provides software application and technology services to corporate and government customers in the People's Republic of China. The company offers global digital trade platforms and services t...

CEO

Shiang Lor

IPO Date

Apr 2, 2019

Website

www.x3holdings.com

Key Metrics TTM

Revenue

$51M

+3.1% YoY

Net Income

-$36M

EPS (Diluted)

-$4,304.76

Free Cash Flow

-$8M

Revenue / Share

$10,786.90

Gross Margin

31.0%

Operating Margin

-38.8%

Net Margin

-70.0%

FCF Margin

-15.5%

P/S

0.0x

P/E

—

Earnings Reports

Q2 2022

Jun 30, 2022

$7M-48.5%EPS -$1,605.42

Q4 2021

May 12, 2022

$18M+51.1%EPS -$100.14

Q2 2021

Jun 30, 2021

$14M-5.6%EPS -$2,599.20

Q4 2020

Jul 13, 2021

$12M+67.4%EPS $0.00

Q2 2020

Jun 30, 2020

$14M+12.9%EPS $0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 17	$7M	$3M	$1M
Q4 17	$15M	$5M	$3M
Q2 18	$8M	$4M	$1M
Q4 18	$15M	$3M	-$231.2K
Q2 19	$13M	$5M	-$2M
Q4 19	$7M	$2M	-$9M
Q2 20	$14M	$6M	-$245.1K
Q4 20	$12M	$4M	-$3M
Q2 21	$14M	$4M	-$8M
Q4 21	$18M	$6M	-$498.0K
Q2 22	$7M	$1M	-$9M

Valuation

Quarter	P/S	P/E
Q2 17	—	—
Q4 17	—	—
Q2 18	—	—
Q4 18	0.0x	0.1x
Q2 19	0.0x	0.5x
Q4 19	0.0x	—
Q2 20	0.0x	—
Q4 20	0.0x	—
Q2 21	0.0x	—
Q4 21	0.0x	—
Q2 22	0.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 17	$3M	$2M
Q2 18	-$2M	-$3M
Q4 18	$5M	$3M
Q2 19	$0	$0
Q4 19	$0	$0
Q2 20	$0	$0
Q4 20	$0	$0
Q2 21	$0	$0
Q4 21	$0	$0
Q2 22	-$5M	-$7M
Q4 22	-$5M	-$5M
Q2 23	-$7M	-$7M
Q4 23	-$4M	-$4M
Q2 24	-$1M	-$2M
Q4 24	$103.4K	-$14.9K
Q2 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q4 17	$1M
Q2 18	$660.7K
Q4 18	$2M
Q2 19	$0
Q4 19	$0
Q2 20	$0
Q4 20	$0
Q2 21	$0
Q4 21	$0
Q2 22	$3M
Q4 22	$99.9K
Q2 23	$470.8K
Q4 23	$208.3K
Q2 24	$605.7K
Q4 24	$118.2K
Q2 25	$26.3K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	+92.8%	+182.3%
Q4 19	-51.3%	+30.5%
Q2 20	+83.1%	+121.0%
Q4 20	-20.0%	-1.5%
Q2 21	+6.6%	+40.1%
Q4 21	+152.9%	+17.2%
Q2 22	-51.4%	+7.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 17	$0	0.0%
Q2 18	$0	0.0%
Q4 18	$0	0.0%
Q2 19	$2M	14.2%
Q4 19	$530.8K	7.3%
Q2 20	$660.5K	4.6%
Q4 20	$813.5K	6.7%
Q2 21	$5M	33.8%
Q4 21	$2M	9.3%
Q2 22	$3M	43.6%
Q4 22	$3M	—
Q2 23	$4M	—
Q4 23	$2M	—
Q2 24	$4M	—
Q4 24	$2M	—
Q2 25	$4M	—

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 17	$527.8K	$515.7K	$508.8K
Q4 17	$709.1K	$920.0K	$1M
Q2 18	$1M	$1M	$824.0K
Q4 18	$927.6K	$1M	$1M
Q2 19	$1M	$2M	$2M
Q4 19	$853.8K	$6M	$2M
Q2 20	$2M	$3M	$2M
Q4 20	$1M	$3M	$2M
Q2 21	$1M	$11M	$801.7K
Q4 21	$1M	$2M	$2M
Q2 22	$2M	$11M	$461.5K

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 17	—	19.7%	—
Q4 17	—	17.9%	—
Q2 18	—	17.4%	—
Q4 18	—	-0.6%	—
Q2 19	92.8%	-17.5%	75.3
Q4 19	-51.3%	-110.5%	-161.9
Q2 20	83.1%	-0.3%	82.7
Q4 20	-20.0%	-11.8%	-31.8
Q2 21	6.6%	-54.7%	-48.1
Q4 21	152.9%	-1.8%	151.2
Q2 22	-51.4%	-122.1%	-173.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 17	$0	$9M	$9M
Q4 17	$3M	$0	$3M
Q2 18	$570.6K	$0	$570.6K
Q4 18	$4M	$0	$4M
Q2 19	$6M	$0	$6M
Q4 19	$6M	$0	$6M
Q2 20	$2M	$0	$2M
Q4 20	$8M	$0	$8M
Q2 21	$4M	$0	$4M
Q4 24	$4M	$0	$4M
Q2 25	$3M	$0	$3M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 17	0	—	—
Q4 17	0	—	—
Q2 18	0	—	—
Q4 18	0	—	—
Q2 19	0	—	—
Q4 19	0	—	—
Q2 20	0	—	—
Q4 20	0	—	—
Q2 21	3K	—	—
Q4 21	3K	+10.4%	—
Q2 22	5K	+39.0%	—

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 17	—	—
Q4 17	—	—
Q2 18	—	—
Q4 18	$51.0K	299
Q2 19	$42.8K	299
Q4 19	$29.4K	248
Q2 20	$58.3K	248
Q4 20	$51.8K	236
Q2 21	$57.8K	236
Q4 21	$93.2K	198
Q2 22	$35.4K	198

Revenue / Employee