XWELNasdaqServices-Personal ServicesFiscal year ends December 31
XWELL, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$0.72−0.02 (-2.38%)
Close on Oct 19, 2026
- Market cap
- $6.08M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
25.7%+68.6 pts over 5 years
Operating margin
-53.6%+424.6 pts over 5 years
Net margin
-58.2%+1021.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -13.8% | -19.5% | +28.4% | +2.6% | |
| Gross profit | -15.8% | -14.6% | – | -10.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -48.0% | -252.9% | 147.4% | |
| Return on assets | -36.0% | -137.3% | -92.9% | |
| Current ratio | 2.59 | 6.81 | 0.46 | |
| Debt to equity | 0.11 | – | – | |
| Net debt to EBITDA | 0.73× | – | – | |
| Interest coverage | -10.4× | – | -382.2× | |
| Inventory turnover | 4.7× | 18.4× | 43.0× | |
| Capex to revenue | 0.6% | 47.3% | 10.1% | |
| Diluted shares | 0M | 45M | 6M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Xwell generated $74.54M from operations and spent $49.01M on capital expenditure, dividends and share buybacks. 35% of that went back into the business.
Generated
$74.54M
Used
$49.01M
Capital expenditure$17.40M35%Dividends$00%Share buybacks$31.61M65%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-58.2%
×Asset turnover1.60×
×Equity multiplier-1.59×
=Return on equity, FY2025147.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -58.2% | 1.60× | -1.59× | 147.4% |
| FY2024 | -49.7% | 1.05× | 5.27× | -276.0% |
| FY2023 | -92.1% | 0.55× | 2.07× | -104.8% |
| FY2022 | -58.7% | 0.57× | 1.49× | -49.5% |
| FY2021 | 4.5% | 0.64× | 1.35× | 3.9% |
| FY2020 | -1079.2% | 0.13× | 1.84× | -252.9% |
| FY2019 | -43.7% | 1.64× | 20.69× | -1480.5% |
| FY2018 | -74.3% | 1.05× | 1.92× | -148.9% |
| FY2017 | -59.1% | 0.66× | 1.47× | -57.4% |
| FY2016 | -200.3% | 0.18× | 1.33× | -48.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$16.99M
- Cash generatingOperating cash flow above zero-$8.71M
- Return on assets improvedROA up on the prior year-43.2% → -67.0%
- Earnings backed by cashOperating cash flow above net income-$8.71M vs -$16.99M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.66 → 0.46
- No dilutionShare count did not rise5M → 6M
- Gross margin improvedGross margin up on the prior year26.31% → 25.70%
- More efficientAsset turnover rose0.87 → 1.15