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Xref Ltd (XF1) AI Stock Analysis
Xref Ltd
(ASX:XF1)
The score is primarily constrained by the highly leveraged balance sheet, negative equity, inconsistent profitability, and weak technical trend. Improving free cash flow and narrowing losses provide some support, while the negative P/E and absence of dividend income limit valuation appeal.
Xref Ltd (XF1) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 8.36M
- Dividend Yield
- ―
- Average Volume (3M)
- 313.98K
- Price to Earnings (P/E)
- -19.0
- Beta (1Y)
- -0.45
- Revenue Growth
- -10.18%
- EPS Growth
- 80.00%
- Country
- Australia
- Employees
- 74
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Xref Ltd Business Overview & Revenue Model
Company Description
Headquartered in Sydney, Australia, Xref Limited is an HR technology company specializing in the automation of candidate reference checks for employers. Its services are available in Australia, Canada, the United Kingdom, New Zealand, and the United...
How the Company Makes Money
Xref makes money primarily by charging businesses for access to and usage of its cloud-based screening and reference-checking platform. Revenue is generated through recurring SaaS-style fees (e.g., subscriptions or contracts for platform access) and...
Xref Ltd Financial Statement Overview
Summary
Improving cash flow and sharply narrowing losses are offset by slowing revenue, volatile profitability, and a structurally weak balance sheet with persistent negative equity and high leverage.
Income Statement
48NeutralBalance Sheet
28NegativeCash Flow
55Neutral| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.14M | 19.14M | 21.31M | 19.86M | 20.40M | 18.59M |
| Gross Profit | 3.81M | 3.81M | 19.03M | 17.33M | 17.15M | 14.92M |
| EBITDA | 1.77M | 1.77M | 690.70K | -1.76M | -1.36M | 1.57M |
| Net Income | -432.07K | -432.07K | -1.95M | -5.68M | -3.36M | 729.58K |
Balance Sheet | ||||||
| Total Assets | 17.15M | 17.15M | 19.16M | 20.36M | 22.90M | 20.17M |
| Cash, Cash Equivalents and Short-Term Investments | 2.33M | 2.33M | 5.29M | 4.59M | 6.84M | 11.67M |
| Total Debt | 6.30M | 6.30M | 7.83M | 8.35M | 5.33M | 4.96M |
| Total Liabilities | 21.69M | 21.69M | 23.55M | 26.21M | 23.10M | 18.70M |
| Stockholders Equity | -4.55M | -4.55M | -4.39M | -5.85M | -202.52K | 1.47M |
Cash Flow | ||||||
| Free Cash Flow | 548.77K | 548.77K | 1.35M | -3.80M | -2.17M | -833.27K |
| Operating Cash Flow | 569.87K | 569.87K | 1.36M | -678.80K | 454.40K | 627.48K |
| Investing Cash Flow | -2.01M | -2.01M | -1.91M | -3.12M | -4.34M | -1.46M |
| Financing Cash Flow | -1.52M | -1.52M | 1.24M | 1.56M | -952.81K | 380.71K |
Xref Ltd Technical Analysis
Price Trends
Market Momentum
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 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 9.30 is Positive, neither overbought nor oversold. The STOCH value of 28.57 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
Overall Rating
AU:RKN89Outperform
AU:OCL70Outperform
AU:RDY54.3Neutral
AU:ID848Neutral
AU:CF142Neutral- AU:XF142Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:RKN | 89Outperform | AUD 45.31M | 6.01 | 27.21% | 6.25% | 4.58% | 39.54% |
| AU:OCL | 70Outperform | AUD 594.83M | 15.95 | 33.67% | 4.18% | 6.59% | 4.49% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| AU:RDY | 54Neutral | AUD 168.05M | -34.43 | -3.57% | ― | 2.61% | 70.72% |
| AU:ID8 | 48Neutral | AUD 3.86M | -0.75 | 564.22% | ― | -1.21% | -20.92% |
| AU:CF1 | 42Neutral | AUD 15.94M | -3.66 | -146.51% | ― | -23.49% | -57.78% |
| AU:XF1 | 42Neutral | AUD 8.36M | -19.00 | 8.99% | ― | -10.18% | 80.00% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:XF1 | Xref Ltd | 0.04 | -0.12 | -76.25% | |
| AU:RKN | Reckon Limited | 0.40 | -0.16 | -29.08% | |
| AU:CF1 | Complii Fintech Solutions Ltd | 0.03 | 0.00 | 0.00% | |
| AU:RDY | ReadyTech Holdings Ltd. | 1.36 | -0.75 | -35.55% | |
| AU:OCL | Objective Corporation Limited | 6.22 | -12.29 | -66.40% | |
| AU:ID8 | Identitii Ltd. | 0.80 | 0.00 | 0.00% |
Xref Ltd Corporate Events
Xref Reschedules 2026 AGM and Brings Forward Director Nomination Deadline
Xref Limited has revised the timing of its 2026 Annual General Meeting, moving the shareholder event to 10:30 a.m. AEDT on Friday, 27 November 2026. The AGM remains a key forum for investor engagement, where shareholders can vote on governance matter...
Xref sets 2026 AGM date and director nomination deadline
Xref Limited has scheduled its 2026 Annual General Meeting for 3:00 p.m. AEDT on Monday, 23 November 2026, and set 5 October 2026 as the closing date for shareholders to nominate candidates for election to the board. The company will release a formal...
Xref appoints seasoned finance executive as new CFO to support SaaS growth
Xref Limited has appointed Katherine Landon as its new Chief Financial Officer, succeeding Avi Lewis, who will depart in mid-October 2026 after serving since April 2023. Landon, who has worked with Xref as an external consultant since June 2026, brin...
Xref boosts earnings and secures CBA refinancing to cut debt costs
Xref reported audited FY26 results showing underlying EBITDA of A$4.7 million, a 76% year-on-year increase, and group annual recurring revenue of A$15.7 million, with more than 71% generated on its new platform. The company ended the year with A$2.3...
Xref Narrows Annual Loss Despite Revenue Decline
Xref Limited reported a 10.2% decline in revenues from ordinary activities to $19.14 million for the year ended 30 June 2026, while significantly narrowing its loss after tax to $432,066, a 77.9% improvement on the prior year. Total comprehensive los...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026