Xref Ltd (XF1) AI Stock Analysis

• Market Cap: AU$37.42M
• Dividend Yield: N/A
• Average Volume (3M): 102.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: 7.32%
• EPS Growth: 67.11%
• Country: AU
• Employees: 99
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 220,089,770
• 10 Day Avg. Volume: 81,257
• 30 Day Avg. Volume: 102,947
• PEG Ratio: 0.23
• Price to Book (P/B): -6.93
• Price to Sales (P/S): 1.43
• P/FCF Ratio: 22.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

Xref Ltd's overall stock score is primarily impacted by its financial instability and negative valuation metrics. While technical indicators suggest potential for a rebound, the company's financial challenges and lack of profitability weigh heavily on its attractiveness. The absence of earnings call insights and corporate events further limits positive factors.

Xref Ltd Business Overview & Revenue Model

Company Description

Xref Limited engages in the development of human resources technology that automates the candidate reference process for employers in Australia, Canada, the United Kingdom, New Zealand, and the United States. It operates in two segments, Candidate Referencing and ID Verification. The company offers Xref, an automated reference checking tool for reference check templates, talent sourcing, background checking and identity verification, analytics and insights, and security and compliance solutions. It serves not-for-profit, health and aged care, hospitality, construction, and retail industries, as well as government and public sectors. The company is headquartered in Sydney, Australia.

How the Company Makes Money

Xref Ltd generates revenue primarily through subscription-based models and pay-per-use services. Companies subscribe to Xref's platform to access its suite of reference checking tools, either on a recurring subscription basis or through purchasing credits that can be used as needed. This flexible pricing structure caters to businesses of various sizes and industries, providing a scalable solution for reference management. Xref also partners with other HR technology providers to integrate its services within broader recruitment platforms, further expanding its market reach and creating additional revenue streams.

Xref Ltd Financial Statement Overview

Summary

Xref Ltd faces challenges in achieving profitability, with negative net income and EBIT margins. Despite a strong gross profit margin, high leverage and negative equity raise concerns about financial stability. Cash flow improvements are a positive sign, but operational inefficiencies and financial structure need addressing.

Income Statement

Xref Ltd shows a mixed performance in its income statement. The company has achieved a high gross profit margin, indicating efficient cost management. However, the net profit margin is negative, reflecting ongoing losses. Revenue growth is modest, but the negative EBIT and EBITDA margins highlight operational challenges.

Balance Sheet

The balance sheet reveals significant financial instability, with negative stockholders' equity and a high debt-to-equity ratio. This indicates potential solvency issues. Return on equity is positive but misleading due to negative equity, suggesting caution in interpreting profitability metrics.

Cash Flow

Cash flow analysis shows improvement, with positive operating cash flow and significant free cash flow growth. However, the operating cash flow to net income ratio is low, indicating limited cash generation relative to reported losses. The free cash flow to net income ratio is strong, suggesting efficient cash management despite net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.31M	21.31M	19.86M	20.40M	18.59M	14.45M
Gross Profit	19.03M	19.03M	17.33M	17.15M	14.92M	3.02M
EBITDA	-1.87M	-1.87M	-1.76M	-1.36M	1.57M	-272.89K
Net Income	-1.95M	-1.95M	-5.68M	-3.36M	729.58K	78.08K
Balance Sheet
Total Assets	19.16M	19.16M	20.36M	22.90M	20.17M	15.00M
Cash, Cash Equivalents and Short-Term Investments	5.29M	5.29M	4.59M	6.84M	11.67M	8.13M
Total Debt	7.83M	7.83M	8.35M	5.33M	4.96M	4.69M
Total Liabilities	23.55M	23.55M	26.21M	23.10M	18.70M	16.01M
Stockholders Equity	-4.39M	-4.39M	-5.85M	-202.52K	1.47M	-1.01M
Cash Flow
Free Cash Flow	1.35M	1.35M	-3.80M	-2.17M	-833.27K	1.19M
Operating Cash Flow	1.36M	1.36M	-678.80K	454.40K	627.48K	2.32M
Investing Cash Flow	-1.91M	-1.91M	-3.12M	-4.34M	-1.46M	-1.13M
Financing Cash Flow	1.92M	1.24M	1.56M	-952.81K	380.71K	4.07M

Xref Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.17
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:XF1, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.18, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.61 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:XF1.

Xref Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FLX	49 Neutral	AU$53.43M	-9.91	111.05%	―	21.82%	6.83%
XF1	46 Neutral	AU$37.42M	―	―	―	7.32%	67.11%
AMX	45 Neutral	AU$19.00M	-2.89	―	―	-3.43%	-40.65%
8CO	41 Neutral	AU$8.52M	-11.43	―	―	-10.32%	69.30%
PRO	41 Neutral	AU$16.96M	-2.61	-439.83%	―	-4.90%	-52.78%
DUB	38 Underperform	AU$49.88M	-1.12	-239.25%	―	9.14%	65.30%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Xref Ltd Corporate Events

Xref Ltd Announces Cessation of Securities

Xref Ltd announced the cessation of several securities, including options with varying expiration dates and exercise prices, due to either expiry without exercise or other reasons. This cessation reflects a routine adjustment in the company’s capital structure, potentially impacting its financial strategy and stakeholder interests.