Company research
X3 Holdings Co., Ltd.
CIK 1754323Updated Sep 24, 2026
Securities
Historical securities (2)
XTKG · NASDAQ · equity · closed Apr 1, 2026PBTS · OTC · equity · closed Jan 29, 2024Name history
Powerbridge Technologies Co., Ltd. · through Jan 29, 2024
XTKG price & chart
Historical security
This listing closed Apr 1, 2026. Live provider charts are shown only for current listings.
In the news
X3 Holdings Powers Global AI Healthcare Growth with New Cross-Border Platform ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 61,642,841Source | 86,395,019Source | 175,958,623Source | 130,588,110Source |
| Property, Plant and Equipment, NetUSD | 5,744,391Source | 5,980,692Source | 5,902,949Source | 10,996,642Source |
| GoodwillUSD | 2,805,485Source | 4,838,820Source | 15,031,608Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 6,096,818Source | 11,072,858Source | 35,032,450Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,212,707Source | 4,193,839Source | 2,991,563Source | 9,400,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 14,144,098Source | 17,281,112Source | 21,487,053Source | 14,814,583Source |
| Assets, CurrentUSD | 18,545,579Source | 25,497,485Source | 31,067,719Source | 87,408,491Source |
| Prepaid Expense and Other Assets, CurrentUSD | 673,930Source | 1,702,483Source | 2,434,714Source | 2,039,269Source |
| Operating Lease, Right-of-Use AssetUSD | 539,705Source | 338,017Source | 357,007Source | 211,585Source |
| Other Assets, NoncurrentUSD | — | — | — | 226,544Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 21,635,701Source | 36,487,552Source | 31,937,876Source | 28,037,968Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | — | — | — | 475,018Source |
| Retained Earnings (Accumulated Deficit)USD | -281,990,538Source | -255,789,851Source | -168,679,873Source | -59,081,432Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -5,335,019Source | -6,072,241Source | -5,062,516Source | -3,333,541Source |
| Stockholders' Equity Attributable to ParentUSD | 35,481,074Source | 45,944,303Source | 132,838,032Source | 102,813,649Source |
| Additional Paid in Capital, Common StockUSD | 353,206,145Source | 363,712,513Source | 243,197,192Source | 164,753,604Source |
| Liabilities and EquityUSD | 61,642,841Source | 86,395,019Source | 175,958,623Source | 130,588,110Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 20,040,760Source | 34,457,791Source | 31,827,920Source | 27,935,976Source |
| Operating Lease, Liability, CurrentUSD | 319,296Source | 215,253Source | 260,728Source | 91,587Source |
| Accounts Payable, CurrentUSD | 13,990,263Source | 18,073,964Source | 18,567,993Source | 12,815,532Source |
| Operating Lease, Liability, NoncurrentUSD | 237,174Source | 146,932Source | 109,956Source | 101,992Source |
| Deferred Income Tax Liabilities, NetUSD | — | 1,882,829Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 4,526,066Source | 3,963,164Source | 11,182,715Source | -263,507Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | — | — | 2,175,896Source | 893,263Source |
| Long-term DebtUSD | 3,131,515Source | — | — | 9,079,966Source |
| Long-term Debt, Current MaturitiesUSD | — | — | — | 59,612,192Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -26,402,407Source | -83,833,161Source | -122,227,195Source | -21,548,700Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 2,774,653Source | 6,113,904Source | 5,458,596Source | 2,163,197Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 6,027,637Source | 5,834,999Source | 6,058,117Source | 5,983,907Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -6,102,932Source | -231,204Source | 6,409,095Source | -2,980,772Source |
| Deferred Income Tax Expense (Benefit)USD | -1,667,125Source | -122,343Source | -66,695Source | -435,741Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -3,240,755Source | -992,440Source | -11,152,805Source | -9,656,725Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -872,727Source | -1,510,863Source | -2,430,858Source | -234,262Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 227,829Source | 723,977Source | 679,146Source | 3,873,555Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,944,435Source | 2,177,110Source | 9,289,034Source | 12,403,433Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -2,051,853Source | -450,940Source | -4,664,822Source | 2,324,074Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,212,707Source | 4,264,560Source | 4,715,500Source | 9,380,322Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 741,006Source | 286,608Source | 144,080Source | 203,380Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 117,194Source | -124,747Source | -370,193Source | -188,372Source |
| Additional Financial Items | ||||
| AmortizationUSD | — | — | — | 1,803,853Source |
| Share-based Payment Arrangement, ExpenseUSD | 2,361,667Source | — | 1,474,999Source | 3,336,452Source |
| Amortization of Intangible AssetsUSD | 2,073,173Source | 5,633,344Source | 5,004,968Source | — |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), NetUSD | — | 300,000Source | — | — |
| DepreciationUSD | 701,480Source | 480,560Source | — | — |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | 11,243,483Source | — | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | -21,166Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -6,012,211Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | -188Source | -104,091Source |
| Gain (Loss) on InvestmentsUSD | -50,192Source | — | 70,947Source | -1,009Source |
| Gain (Loss) on Sale of InvestmentsUSD | -50,192Source | — | 70,947Source | — |
| Gain (Loss) on Disposition of Other AssetsUSD | — | -318,129Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -6,262Source | -978Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | -473,653Source | — | -2,448,936Source |
| General and Administrative ExpenseUSD | 6,458,581Source | 7,179,289Source | 12,130,707Source | 7,732,287Source |
| GoodwillUSD | 2,805,485Source | 4,838,820Source | 15,031,608Source | — |
| Goodwill and Intangible Asset ImpairmentUSD | — | 12,705,933Source | — | — |
| Goodwill, Impairment LossUSD | 21,847,760Source | 64,485,916Source | 29,686,102Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | 2,272,829Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | 21,847,760Source | 64,485,916Source | 2,272,829Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 2,448,936Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 2,402,943Source | — |
| Income Tax Expense (Benefit)USD | -1,664,473Source | -122,754Source | -57,341Source | -999,391Source |
| Net Income (Loss) Attributable to ParentUSD | -26,200,687Source | -76,237,228Source | -109,598,441Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -201,720Source | -7,595,933Source | -12,628,754Source | -43,102Source |
| Nonoperating Income (Expense)USD | 4,076,716Source | -552,873Source | -68,722,498Source | — |
| Operating ExpensesUSD | 36,189,437Source | 88,024,277Source | 56,982,234Source | 23,866,175Source |
| Operating Lease, ExpenseUSD | 400,000Source | 460,284Source | 344,775Source | 162,799Source |
| Other Depreciation and AmortizationUSD | — | — | 453,628Source | 359,344Source |
| Other Nonoperating Income (Expense)USD | -454,977Source | -1,127,491Source | -169,107Source | — |
| Proceeds from (Payments to) Noncontrolling InterestsUSD | — | -3,435Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 6,292,009Source | 11,611,442Source | 16,824,823Source | 10,482,809Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -32,143,596Source | -83,403,042Source | -53,562,038Source | -20,098,754Source |
| Other Nonoperating Income (Expense)USD | -454,977Source | -1,127,491Source | -169,107Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -28,066,880Source | -83,955,915Source | -122,284,536Source | -22,548,091Source |
| Income Tax Expense (Benefit)USD | -1,664,473Source | -122,754Source | -57,341Source | -999,391Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -201,720Source | -7,595,933Source | -12,628,754Source | -43,102Source |
| Net Income (Loss) Attributable to ParentUSD | -26,200,687Source | -76,237,228Source | -109,598,441Source | — |
| Earnings Per Share, BasicUSD per share | -202.46Source | -33.99Source | -3.56Source | -0.2Source |
| Earnings Per Share, DilutedUSD per share | -202.46Source | -33.99Source | -3.56Source | -0.2Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 307,365Source | 2,242,865Source | 30,743,188Source | 109,064,183Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 307,365Source | 2,242,865Source | 30,743,188Source | 109,064,183Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,073,173Source | 5,633,344Source | 5,004,968Source | — |
| Current Income Tax Expense (Benefit)USD | 2,652Source | -411Source | 9,354Source | -563,650Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | -21,166Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -6,012,211Source |
| Gain (Loss) on InvestmentsUSD | -50,192Source | — | 70,947Source | -1,009Source |
| General and Administrative ExpenseUSD | 6,458,581Source | 7,179,289Source | 12,130,707Source | 7,732,287Source |
| Goodwill, Impairment LossUSD | 21,847,760Source | 64,485,916Source | 29,686,102Source | — |
| Gross ProfitUSD | 4,045,841Source | 4,621,235Source | 3,420,196Source | 3,767,421Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 2,448,936Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 2,402,943Source | — |
| Interest ExpenseUSD | — | — | 144,080Source | 203,380Source |
| Interest Expense, DebtUSD | — | — | 297,954Source | 195,139Source |
| Nonoperating Income (Expense)USD | 4,076,716Source | -552,873Source | -68,722,498Source | — |
| Operating ExpensesUSD | 36,189,437Source | 88,024,277Source | 56,982,234Source | 23,866,175Source |
| Operating Lease, ExpenseUSD | 400,000Source | 460,284Source | 344,775Source | 162,799Source |
| Other Cost of Operating RevenueUSD | — | — | — | 3,183,729Source |
| Research and Development ExpenseUSD | 2,553,431Source | 4,062,297Source | 4,814,463Source | 3,459,987Source |
| Selling and Marketing ExpenseUSD | 654,494Source | 1,103,266Source | 1,480,732Source | 1,956,811Source |