XWELL, Inc. (XWEL) Financial Statements
Industry: Personal Services (Services)
In fiscal 2025, XWELL reported revenue of $29.2M, down 13.8% from $33.9M the year before. Net income was -$17.0M (a -58.2% net margin), or -$5.08 per diluted share. Gross margin was 25.7% and operating margin was -53.6%. Operating activities generated -$8.7M of cash, leaving -$11.7M of free cash flow. At fiscal year end, XWELL held $11.2M in total assets against $23.8M in total liabilities, including $2.6M of cash and equivalents.
Open the full interactive XWELL financials → Quarterly statements, key ratios, valuation history and price charts.
XWELL Key Stats
| Share Price | $0.79 |
|---|---|
| Market Cap | $6.7M |
| Revenue YoY Growth | -13.8% |
| 52-Week Range | $0.29 – $1.70 |
| Shares Outstanding | 8.5 million (basic, 2026 Q2) |
XWELL Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $8.4M | $73.7M | $55.9M | $30.1M | $33.9M | $29.2M |
| Cost of Goods Sold | $48.5M | $69.6M | $43.2M | $31.9M | $25.6M | $23.2M |
| Gross Profit | -$3.6M | $32.3M | $12.0M | $3.7M | $8.9M | $7.5M |
| Operating Income | -$40.1M | $4.1M | -$31.2M | -$28.2M | -$16.7M | -$15.7M |
| Pre-Tax Income | -$92.2M | $2.9M | -$32.6M | -$28.0M | -$16.4M | -$16.1M |
| Income Tax | $7,000 | $56,000 | $55,000 | $35,000 | $49,000 | $29,000 |
| Net Income | -$90.5M | $3.3M | -$32.8M | -$27.7M | -$16.9M | -$17.0M |
| Diluted EPS | -$41.00 | $0.60 | -$7.00 | -$6.64 | -$3.66 | -$5.08 |
XWELL Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $7.3M | $7.2M | $6.6M | $7.1M |
| Net Income | -$724,000 | -$9.3M | -$11.2M | -$2.2M |
| Diluted EPS | -$0.26 | -$1.67 | -$1.51 | -$0.26 |
XWELL Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $89.8M | $105.5M | $19.0M | $8.4M | $4.5M | $2.6M |
| Current Assets | $91.8M | $109.0M | $47.3M | $26.6M | $15.3M | $5.9M |
| Total Assets | $103.1M | $127.3M | $70.4M | $39.0M | $25.4M | $11.2M |
| Current Liabilities | $13.5M | $19.8M | $11.0M | $9.3M | $9.2M | $12.9M |
| Total Long-Term Debt | $5.7M | $3.6M | — | — | — | — |
| Total Liabilities | $22.8M | $27.3M | $22.5M | $18.0M | $17.6M | $23.8M |
| Shareholders' Equity | $77.8M | $92.7M | $39.9M | $13.0M | -$788,000 | -$22.3M |
XWELL Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$25.0M | $14.6M | -$24.2M | -$16.1M | -$11.0M | -$8.7M |
| Cash From Investing | -$4.3M | -$5.2M | -$34.8M | $5.7M | $5.9M | $4.3M |
| Cash From Financing | $117.2M | $6.3M | -$27.4M | $8,000 | $1.4M | $1.9M |
| Free Cash Flow | -$29.0M | $10.3M | -$30.7M | -$18.0M | -$12.8M | -$11.7M |
Figures from XWELL's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full XWELL financials page for every line item.
XWELL Company Profile
| Ticker | XWEL |
|---|---|
| Exchange | Nasdaq |
| Industry | Personal Services (Services) |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001410428 |
Frequently Asked Questions
What was XWELL's revenue in fiscal 2025?
XWELL (XWEL) reported revenue of $29.2M for fiscal 2025.
What is XWELL's annual revenue history?
XWELL's annual revenue by fiscal year: 2020: $8.4M; 2021: $73.7M; 2022: $55.9M; 2023: $30.1M; 2024: $33.9M; 2025: $29.2M.
What was XWELL's net income in fiscal 2025?
XWELL reported net income of -$17.0M for fiscal 2025.
What was XWELL's earnings per share (EPS) in fiscal 2025?
XWELL's diluted EPS was -$5.08 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did XWELL generate in fiscal 2025?
XWELL generated -$11.7M of free cash flow in fiscal 2025.
What was XWELL's revenue last quarter?
In its most recent reported quarter (2026 Q2), XWELL reported revenue of $7.1M.
How many shares of XWELL are outstanding?
XWELL reported a weighted average of 8.5 million basic shares outstanding in 2026 Q2.
What is XWELL's market cap?
Based on its latest closing price, XWELL (XWEL) has a market capitalization of about $6.7M.
When does XWELL's fiscal year end?
XWELL's fiscal year end, as registered with the SEC, is December 31.
Where is XWELL headquartered?
XWELL lists its business address in New York, New York in its SEC filings.