Xunlei Ltd
XNET Nasdaq· Services-Prepackaged Software
Last close · Oct 26, 2026
$3.84
KIRA · Stoqly’s AI analyst, in plain words
- Xunlei Ltd had $460M of revenue in fiscal 2025, up 42.5% on the year before. Over five years, revenue changed +19.8% a year on average.
- Its operating margin was 1.4%, up 6.3 pts: of every 100 in sales, about 1 is left after running the business.
- Xunlei Ltd made $1.0B of net profit in fiscal 2025.
- Free cash flow was $27.1M in fiscal 2025, 5.9% of revenue.
- Xunlei Ltd has $230M more cash than debt.
Market cap
$243M
P/E
0.2x
Revenue
$460M
Net income
$1.0B
Free cash flow
$27.1M
Operating margin
1.4%
Xunlei Ltd in 30 seconds · fiscal 2025
Are sales growing?
+42.5%
Yes. Sales grew 42.5% last year.
Does it make a profit?
227.7%
Yes. It keeps 227.7% of every sale as profit.
Does profit turn into cash?
5.9%
Partly. 5.9% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
0.2x
One share costs 0.2 times its yearly profit per share.
What Xunlei Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 28, 2026
- Legal name
- Xunlei Ltd
- CIK
- 0001510593
Xunlei Ltd · XNET
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $239M | $341M | $364M | $323M | $460M |
| Revenue growth | 28.1% | 43.0% | 6.5% | −11.2% | 42.5% |
| Gross margin | 50.3% | 41.4% | 44.8% | 51.9% | 47.2% |
| Operating margin | −1.8% | 2.9% | −0.4% | −4.9% | 1.4% |
| Net income | $1.2M | $21.5M | $14.2M | $1.2M | $1.0B |
| Net margin | 0.5% | 6.3% | 3.9% | 0.4% | 227.7% |
| Diluted EPS | $0.02 | $0.32 | $0.22 | $0.02 | $16.56 |
| Cash | |||||
| Cash from operations | $19.5M | $51.1M | $25.7M | $31.0M | $32.5M |
| Capital expenditure | $13.2M | $15.0M | $4.0M | $8.0M | $5.3M |
| Free cash flow | $6.3M | $36.1M | $21.7M | $23.0M | $27.1M |
| FCF margin | 2.6% | 10.6% | 6.0% | 7.1% | 5.9% |
| Share count change | −0.4% | 0.1% | −2.8% | −2.4% | −0.8% |
| Debt and strength | |||||
| Cash and short-term investments | $239M | $261M | $272M | $288M | $305M |
| Debt incl. finance leases | — | — | $29.4M | $29.2M | $75.6M |
| Shareholders' equity | $304M | $310M | $325M | $318M | $1.4B |
| Net debt / EBITDA | — | — | −86.2x | — | −19.8x |
| Current ratio | 2.5x | 2.6x | 2.6x | 2.9x | 1.9x |
| Interest coverage | −45.5x | 108.2x | −1.1x | −21.6x | 3.9x |
| Returns and quality | |||||
| Return on capital | — | — | −1.5% | −20.8% | 0.6% |
| Return on equity | 0.4% | 7.0% | 4.5% | 0.4% | 123.9% |
| Return on tangible equity | 0.4% | 7.6% | 4.8% | 0.4% | 80.5% |
| Piotroski F-score | 7 | 6 | 6 | 7 | 5 |
| Altman Z'' | 3.5 | 4.0 | 4.1 | 4.2 | 8.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Xunlei Ltd · XNET
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $3.84 a share, the company is worth $243M: 0.2 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001510593). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.