XCharge’s (Nasdaq:XCH) Revenue Drop 38% and Net Loss Widens in H1 2025

2 min read | September 24, 2025 03:46 AM PDT | By Sonal Goyal

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XCharge’s (Nasdaq:XCH) Revenue Drop 38% and Net Loss Widens in H1 2025 — Image source: © 2025 Krish Capital Pty. Ltd.

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Highlights

XCharge’s Total EV charger deliveries fell 59.1% YoY to 472 units in H1 2025.

XCH’s revenues declined 38.2% to USD 12.5M, while net loss widened to USD 7.3M.

Joel Adalberto Gallo was appointed CFO and GridLink system launched in European market.

XCharge Limited (Nasdaq:XCH), a provider of integrated EV charging solutions, announced its unaudited financial results for the six months ending June 30, 2025.

For the first half of 2025 (H1 2025), XCharge delivered 454 DC fast chargers, down 40.6% from 764 in the same period of 2024. Total EV charger deliveries dropped 59.1% YoY, from 1,155 units to 472 units. The company attributed the decline to global trade policy uncertainty and evolving renewable energy regulations.

Revenues were USD 12.5 million, a decrease of 38.2% from USD 20.1 million a year earlier. Product revenues fell 39.4% to USD 12.1 million, while service revenues rose 87.5% to USD 0.4 million, driven by growth in maintenance services.

Gross profit for the period was USD 6.4 million, compared with USD 9.8 million in 2024, with gross margin improving to 51.3% from 48.7%. Operating loss widened to USD 7.4 million versus USD 0.004 million last year, while net loss was USD 7.3 million compared with USD 0.2 million in 2024. Adjusted net loss was USD 4.6 million against USD 0.05 million a year earlier.

Cash and cash equivalents stood at USD 16.3 million as of June 30, 2025, compared with USD 26.8 million at year-end 2024.

The board appointed Joel Adalberto Gallo as Chief Financial Officer, effective September 3, 2025. Gallo has over three decades of experience in accounting and corporate finance, with prior CFO roles at HD EDU, CoinTiger, and ETAO International Group.

In September 2025, XCharge launched its GridLink charging system in Europe, featuring liquid-cooled thermal management and advanced fire suppression technology, following earlier deployments in North America.

About XCharge
Founded in 2015, XCharge provides integrated EV charging solutions, including DC fast chargers, battery-integrated charging systems, and related services.

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