FY2025 · ended Dec 31, 2025 · Revenue $29.21M, -13.8% YoY · Filed Apr 1, 2026
XWELL, Inc. (XWEL) files with the SEC under industry code 7200, Services-Personal Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $29.2 million and a net loss of $17.0 million. Free cash flow was -$11.7 million. As of Jun 30, 2026 it held $11.8 million in cash and investments and $7.3 million in total debt.
Revenue (TTM)
$28.28M
-7.6% vs year-ago TTM
Net income (TTM)
$-23.45M
-21.3% vs year-ago TTM
Operating cash flow (TTM)
$-11.27M
+16.2% vs year-ago TTM
Free cash flow (TTM)
$-13.48M
+15.2% vs year-ago TTM
EPS (TTM)
$-4.87
-30.5% vs year-ago TTM
Dividend per share
None
Shares outstanding
7.93M
+0.0% vs prior year
Net cash
$4.49M
as of Jun 30, 2026
Operating margin
-61.3%
FY 2026
Company profile
- Industry
- Services-Personal Services (SIC 7200)
- Listed as
- XWEL (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1410428
- Former names
- XpresSpa Group, Inc. (until Oct 7, 2022); FORM Holdings Corp. (until Dec 29, 2017); Vringo Inc (until May 5, 2016)
Other Services-Personal Services companies
- Service Corp International SCI
- H&R Block Inc HRB
- Unifirst Corp UNF
- Yelp Inc YELP
- Carriage Services Inc CSV
- Evi Industries, Inc. EVI
- WW International, Inc. WW
- Regis Corp RGS
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| 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 |
|---|---|---|---|---|---|
| Revenue | $29.2M | $33.9M | $30.1M | $55.9M | $73.7M |
| Operating income | -$15.7M | -$16.7M | -$28.2M | -$31.2M | $4.1M |
| Net income | -$17.0M | -$16.9M | -$27.7M | -$32.8M | $3.3M |
| Diluted EPS | -$5.08 | -$3.66 | -$6.64 | -$7.01 | $0.03 |
| Operating cash flow | -$8.7M | -$11.0M | -$16.1M | -$24.2M | $14.6M |
| Free cash flow | -$11.7M | -$12.8M | -$18.0M | -$30.7M | $10.3M |
| Total assets | $11.2M | $25.4M | $39.0M | $70.4M | $127.3M |
| Total liabilities | $23.8M | $17.6M | $18.0M | $22.5M | $27.3M |
| Stockholders' equity | -$22.3M | -$788,000 | $13.0M | $39.9M | $92.7M |
| Cash and investments | $2.6M | $11.8M | $23.1M | $42.2M | $105.5M |
| Total debt | $8.9M | $10.8M | $11.1M | $14.1M | $13.8M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Shareholder vote results
|
Oct 29, 2026 | Oct 28, 2026 |
| 8-K |
Current report
Listing notice
|
Oct 20, 2026 | Oct 7, 2026 |
| 8-K |
Current report
Material agreement
|
Oct 8, 2026 | Oct 8, 2026 |
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Aug 5, 2026 | Aug 3, 2026 |
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Jul 9, 2026 | Jul 6, 2026 |
All 1000 XWELL, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.