Xunlei Ltd cash flow statement XNET

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Xunlei Ltd generated $32.5 million of cash from operations, up 4.9% from the year before. It spent $5.3 million on capital expenditures. That left free cash flow of $27.1 million.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Operating
Depreciation and amortization	5 +6.1%	5 +5.9%	4 +66.1%	3 -57.8%	6 -31.9%	9 +59.3%	6 +4.1%	6 -29.6%	8 +28.9%	6 +9.2%
Stock-based compensation	4 +56.5%	2 -74.6%	10 +18.2%	8 +32.6%	6 +167.1%	2 -57.4%	5 +2.5%	5 -36.4%	8 -10.9%	9 -3.9%
Operating cash flow	32 +4.9%	31 +20.5%	26 -49.7%	51 +162.4%	19 +240.0%	-14 +69.5%	-46 -28.2%	-36 -150.5%	-14 -183.8%	17 +23.3%
Investing
Capital expenditures	5 -33.4%	8 +101.1%	4 -73.3%	15 +13.4%	13 -2.6%	14 +339.5%	3 +117.3%	1 -73.3%	5 -61.3%	14 +179.0%
Investing cash flow	-99 -352.2%	-22 +8.3%	-24 -303.2%	12 +136.0%	-33 -57.2%	-21 -126.2%	79 +214.3%	-69 -297.0%	35 +122.2%	-158 -188.0%
Financing
Stock buybacks	—	—	—	—	—	—	—	—	—	1 +147.2%
Financing cash flow	45 +5016.8%	-1 +93.2%	-14 -303.6%	7 +3078.0%	-0 -108.3%	3 -78.0%	12 +1210.8%	1 -63.7%	3 +123.2%	-11 -319.5%
Change in cash
Effect of exchange rate	1 +201.7%	-1 +39.4%	-2 +81.0%	-12 -704.1%	2 -62.3%	5 +263.0%	-3	—	—	—
Free cash flow	27 +18.2%	23 +5.6%	22 -39.9%	36 +475.7%	6 +122.9%	-27 +43.6%	-49 -31.6%	-37 -89.6%	-20 -707.8%	3 -63.6%
Per share
Free cash flow per share	0.09 +19.2%	0.07 +8.2%	0.07 -38.2%	0.11 +475.2%	0.02 +123.0%	-0.08 +43.6%	-0.14 -30.5%	-0.11 -87.7%	-0.06 -712.2%	0.01 -63.4%
Dividend per share	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shareholder returns
Returned to shareholders	—	—	—	—	—	—	—	—	—	1
Share of free cash flow	—	—	—	—	—	—	—	—	—	22.15%
Ratios
Free cash flow margin	5.87%	7.07%	5.95%	10.55%	2.62%	-14.74%	-26.97%	-16.06%	-9.74%	2.29%
Capital expenditures to revenue	1.16%	2.47%	1.09%	4.37%	5.51%	7.27%	1.71%	0.62%	2.65%	9.81%
Stock-based compensation to revenue	0.83%	0.76%	2.65%	2.39%	2.58%	1.24%	3.00%	2.30%	4.15%	6.67%
Cash conversion	0.03x	25.49x	1.81x	2.38x	16.36x	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: XNET (Nasdaq)
Headquarters: Shenzhen
SEC filer status: Accelerated filer
SEC CIK: 1510593

Other Services-Prepackaged Software companies

All 290 Services-Prepackaged Software companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.