XWEL Nasdaq Services-Personal Services Financials FY2016βFY2025
XWELL, Inc. had $29.2M of revenue in fiscal 2025, down 13.8% on the year before. Over five years, revenue changed +28.4% a year on average.
Last close Β· Oct 23, 2026
$0.68
0.2%Hi! I read XWELL, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β13.8%
No. Sales fell 13.8% last year.
Does it make a profit?
β58.2%
No. It lost money last year.
Does profit turn into cash?
β40.0%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 8
Weak. It passes 2 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· XWELL, Inc. had $29.2M of revenue in fiscal 2025, down 13.8% on the year before. Over five years, revenue changed +28.4% a year on average. Its operating margin was β53.6%, down 4.4Β pts: of every 100 in sales, about β54 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· XWELL, Inc. lost $17.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$11.7M in fiscal 2025, β40.0% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably XWELL, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $106M | $42.2M | $23.1M | $11.8M | $2.6M |
| Debt incl. finance leases | $3.6M | β | β | β | β |
| Net debt / EBITDA | β13.9x | β | β | β | β |
| Debt / equity | 0.0x | β | β | β | β |
| Interest coverage | β | β | β | β | β382.2x |
| Current ratio | 5.5x | 4.3x | 2.8x | 1.7x | 0.5x |
| Quick ratio | 5.4x | 4.2x | 2.8x | 1.6x | 0.4x |
| Total assets | $127M | $70.4M | $39.0M | $25.4M | $11.2M |
| Total liabilities | $27.3M | $22.5M | $18.0M | $17.6M | $23.8M |
| Shareholders' equity | $92.7M | $39.9M | $13.0M | β$0.8M | β$22.3M |
| Net debt (β = net cash) | β$102M | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· XWELL, Inc. passes 2 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 9 | 3 / 9 | 5 / 9 | 3 / 9 | 7 / 9 | 3 / 8 | 2 / 8 | 4 / 8 | 2 / 8 |
| Accruals ratio | β18.8% | β22.5% | β63.9% | β71.2% | β99.3% | β9.7% | β8.8% | β21.3% | β18.2% | β45.3% |
| Altman Z'' | β5.30 | β11.42 | β40.00 | β41.70 | β6.64 | β1.75 | β17.54 | β39.32 | β63.68 | β156.77 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $12.0M | $48.8M | $50.1M | $48.5M | $8.4M | $73.7M | $55.9M | $30.1M | $33.9M | $29.2M |
| Net interest income | β | β | β | β$2.9M | β$1.8M | $0.0M | $0.4M | $0.4M | $0.4M | $0.7M |
| Gross profit | $5.2M | $9.8M | $10.6M | $10.7M | β$3.6M | $32.3M | $12.0M | $3.7M | $8.9M | $7.5M |
| Operating income | β$17.7M | β$14.7M | β$34.7M | β$15.9M | β$40.1M | $4.1M | β$31.2M | β$28.2M | β$16.7M | β$15.7M |
| Interest expense | $1.7M | $0.7M | $1.8M | $2.9M | β | β | β | β | β | $0.0M |
| Pretax income | β$19.3M | β$16.0M | β$35.9M | β$20.7M | β$92.2M | $2.9M | β$32.6M | β$28.0M | β$16.4M | β$16.1M |
| Income tax | $0.0M | $0.1M | β$0.3M | β$0.1M | $0.0M | $0.1M | $0.1M | $0.0M | $0.0M | $0.0M |
| Net income | β$24.0M | β$28.8M | β$37.2M | β$21.2M | β$90.5M | $3.3M | β$32.8M | β$27.7M | β$16.9M | β$17.0M |
| Net income to common | β | β | β | β$21.2M | β$91.4M | β | β | β | β$16.9M | β$28.2M |
| Diluted EPS | β$1.58 | β$25.88 | β$25.60 | β$12.99 | β$2.05 | $0.03 | β$7.01 | β$6.64 | β$3.66 | β$5.08 |
| Diluted shares | 0.02B | 0.00B | 0.00B | 0.00B | 0.04B | 0.11B | 0.00B | 0.00B | 0.00B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | β$8.4M | β$12.2M | β$6.6M | β$0.1M | β$25.0M | $14.6M | β$24.2M | β$16.1M | β$11.0M | β$8.7M |
| Capital expenditure | $0.1M | $4.5M | $3.0M | $2.3M | $4.0M | $4.3M | $6.5M | $1.9M | $1.8M | $3.0M |
| Free cash flow | β$8.5M | β$16.7M | β$9.6M | β$2.4M | β$29.0M | $10.3M | β$30.7M | β$18.0M | β$12.8M | β$11.7M |
| Depreciation and amortization | $1.3M | $8.0M | $7.4M | $6.1M | $5.2M | $3.2M | $5.4M | $2.1M | $0.9M | $0.9M |
| Stock-based compensation | $2.4M | $2.2M | $0.9M | $0.3M | $1.3M | $2.9M | $3.8M | $2.3M | $0.9M | $1.1M |
| Acquisitions | β | β | β | β | β | β | $4.9M | $1.4M | β | β |
| Share buybacks | β | β | β | β | β | $7.8M | $23.8M | β | β | β |
| Dividends and buybacks | β | β | β | β | β | $7.8M | $23.8M | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $17.9M | $6.4M | $3.4M | $2.2M | $89.8M | $106M | $42.2M | $23.1M | $11.8M | $2.6M |
| Total debt | $6.5M | $6.5M | $6.5M | $5.8M | $5.7M | $3.6M | β | β | β | β |
| Current assets | $30.5M | $16.1M | $5.8M | $3.9M | $91.8M | $109M | $47.3M | $26.6M | $15.3M | $5.9M |
| Current liabilities | $11.8M | $12.5M | $16.7M | $16.2M | $13.5M | $19.8M | $11.0M | $9.3M | $9.2M | $12.9M |
| Inventory | $2.5M | $1.2M | $0.8M | $0.6M | $0.7M | $1.8M | $1.2M | $0.9M | $0.5M | $0.5M |
| Property and equipment, net | $16.3M | $15.8M | $11.8M | $8.1M | $4.2M | $6.7M | $3.7M | $2.5M | $1.8M | $1.7M |
| Goodwill | $20.3M | $19.6M | $0.0M | β | β | β | $4.0M | $1.4M | $1.4M | β |
| Intangible assets | $13.7M | $11.5M | $9.2M | $6.8M | $0.9M | $3.7M | $4.0M | $1.4M | $1.0M | $0.1M |
| Total assets | $82.8M | $65.2M | $30.6M | $28.7M | $103M | $127M | $70.4M | $39.0M | $25.4M | $11.2M |
| Total liabilities | $18.6M | $19.4M | $17.4M | $31.3M | $22.8M | $27.3M | $22.5M | $18.0M | $17.6M | $23.8M |
| Shareholders' equity | $59.5M | $40.9M | $9.1M | β$6.2M | $77.8M | $92.7M | $39.9M | $13.0M | β$0.8M | β$22.3M |
| Margins | ||||||||||
| Gross margin | 43.8% | 20.1% | 21.2% | 22.0% | β42.9% | 43.9% | 21.5% | 12.2% | 26.3% | 25.7% |
| Operating margin | β147.7% | β30.1% | β69.3% | β32.7% | β478.3% | 5.6% | β55.7% | β93.7% | β49.3% | β53.6% |
| EBITDA margin | β136.8% | β13.8% | β54.6% | β20.1% | β416.1% | 9.9% | β46.0% | β86.8% | β46.5% | β50.7% |
| Net margin | β200.3% | β59.1% | β74.3% | β43.7% | β1,079.2% | 4.5% | β58.7% | β92.1% | β49.7% | β58.2% |
| FCF margin | β71.0% | β34.1% | β19.2% | β4.9% | β345.6% | 13.9% | β54.8% | β59.7% | β37.7% | β40.0% |
| Net interest share of revenue | β | β | β | β6.0% | β21.8% | 0.1% | 0.7% | 1.5% | 1.1% | 2.3% |
| Returns | ||||||||||
| Return on capital | β29.1% | β28.3% | β224.8% | β | β | β | β | β | β | β |
| Return on capital employed | β24.9% | β27.9% | β249.4% | β126.9% | β44.7% | 3.8% | β52.4% | β95.1% | β103.6% | 935.5% |
| Return on equity | β40.3% | β57.4% | β148.9% | β1,480.5% | β252.9% | 3.9% | β49.5% | β104.8% | β276.0% | β |
| Return on assets | β29.0% | β39.0% | β77.7% | β71.6% | β137.3% | 2.9% | β33.2% | β50.7% | β52.4% | β92.9% |
| Return on tangible equity | β94.1% | β297.1% | β | β | β118.8% | 3.8% | β103.0% | β269.9% | β | β |
| Growth | ||||||||||
| Revenue growth | β | 307.3% | 2.6% | β3.2% | β82.7% | 779.3% | β24.1% | β46.2% | 12.6% | β13.8% |
| Net income growth | β | β | β | β | β | β | β1,080.5% | β | β | β |
| EPS growth | β | β | β | β | β | β | β23,466.7% | β | β | β |
| FCF growth | β | β | β | β | β | β | β398.2% | β | β | β |
| Share count change | β | β92.7% | 30.4% | 12.4% | 2,626.8% | 135.8% | β95.5% | β10.8% | 10.4% | 20.6% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β | β | β | β13.9x | β | β | β | β |
| Debt / equity | 0.1x | 0.2x | 0.7x | β | 0.1x | 0.0x | β | β | β | β |
| Interest coverage | β10.4x | β20.1x | β19.0x | β5.5x | β | β | β | β | β | β382.2x |
| Current ratio | 2.6x | 1.3x | 0.3x | 0.2x | 6.8x | 5.5x | 4.3x | 2.8x | 1.7x | 0.5x |
| Quick ratio | 2.4x | 1.2x | 0.3x | 0.2x | 6.8x | 5.4x | 4.2x | 2.8x | 1.6x | 0.4x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.6% | 9.2% | 6.1% | 4.7% | 47.3% | 5.8% | 11.6% | 6.3% | 5.3% | 10.1% |
| Stock comp / revenue | 20.4% | 4.5% | 1.8% | 0.7% | 15.8% | 3.9% | 6.7% | 7.7% | 2.6% | 3.7% |
| Payouts / FCF | β | β | β | β | β | 76.1% | β | β | β | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 3.0 | 3.0 | 5.0 | 3.0 | 7.0 | 3.0 | 2.0 | 4.0 | 2.0 |
| Altman Z'' | β5.3 | β11.4 | β40.0 | β41.7 | β6.6 | β1.8 | β17.5 | β39.3 | β63.7 | β156.8 |
| Accruals ratio | β18.8% | β22.5% | β63.9% | β71.2% | β99.3% | β9.7% | β8.8% | β21.3% | β18.2% | β45.3% |
Source: SEC EDGAR XBRL filings (CIK 0001410428). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
