Company research
XWELL, Inc.
CIK 1410428Updated Sep 27, 2026
SecurityXWEL · NASDAQ · equity
Historical securities (1)
VRNG.WS · NYSE_AMERICAN · warrant · closed Jan 15, 2025Name history
XpresSpa Group, Inc. · through Oct 7, 2022FORM Holdings Corp. · through Dec 29, 2017Vringo Inc · through May 5, 2016
XWEL price & chart
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NASDAQ:XWEL on TradingView ↗About the company
XWELL, Inc. (NASDAQ: XWEL) is focused on developing and executing strategic opportunities across technology, infrastructure and emerging growth markets. The Company is committed to creating long-term value for shareholders through disciplined capital allocation, strategic partnerships and operational execution.
In the news
XWELL Reports Fiscal 2025 Results ↗
Recent filings
SCHEDULE 13D/A filing
4 filing
10-Q filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
SCHEDULE 13D filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 11,217,000Source | 25,352,000Source | 42,937,000Source | 70,426,000Source |
| Property, Plant and Equipment, NetUSD | 1,665,000Source | 1,809,000Source | 2,705,000Source | 3,666,000Source |
| GoodwillUSD | — | 1,389,000Source | — | 4,024,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 101,000Source | 1,023,000Source | 2,174,000Source | 4,008,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,617,000Source | 4,550,000Source | 4,827,000Source | 19,038,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,560,000Source | 1,793,000Source | 1,193,000Source | 2,858,000Source |
| Inventory, NetUSD | 509,000Source | 501,000Source | 968,000Source | 1,161,000Source |
| Assets, CurrentUSD | 5,910,000Source | 15,337,000Source | 29,962,000Source | 47,332,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,039,000Source | 3,409,000Source | 5,558,000Source | 8,276,000Source |
| Other Assets, NoncurrentUSD | 124,000Source | 1,634,000Source | 1,787,000Source | 2,369,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 23,797,000Source | 17,610,000Source | 17,280,000Source | 22,477,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 61,000Source | 53,000Source | 42,000Source | 832,000Source |
| Additional Paid in CapitalUSD | 468,915,000Source | 473,824,000Source | 470,270,000Source | 467,740,000Source |
| Retained Earnings (Accumulated Deficit)USD | -489,697,000Source | -472,706,000Source | -450,882,000Source | -428,112,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,541,000Source | -1,959,000Source | -1,642,000Source | -534,000Source |
| Stockholders' Equity Attributable to ParentUSD | -22,262,000Source | -788,000Source | 17,788,000Source | 39,926,000Source |
| Liabilities and EquityUSD | 11,217,000Source | 25,352,000Source | 42,937,000Source | 70,426,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 12,892,000Source | 9,224,000Source | 8,157,000Source | 10,956,000Source |
| Operating Lease, Liability, CurrentUSD | 1,862,000Source | 2,381,000Source | 2,375,000Source | 2,586,000Source |
| Accounts Payable, CurrentUSD | 2,836,000Source | 1,612,000Source | 1,511,000Source | 2,312,000Source |
| Operating Lease, Liability, NoncurrentUSD | 7,035,000Source | 8,386,000Source | 9,123,000Source | 11,521,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 9,458,000Source | 8,530,000Source | 7,869,000Source | 8,023,000Source |
| Additional Financial Items | ||||
| Dividends Payable, CurrentUSD | 13,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -16,106,000Source | -16,490,000Source | -28,029,000Source | -32,629,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 862,000Source | 938,000Source | 2,065,000Source | 5,429,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,082,000Source | 893,000Source | 2,319,000Source | 3,770,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -247,000Source | 193,000Source | -1,191,000Source | 1,835,000Source |
| Increase (Decrease) in InventoriesUSD | 8,000Source | -399,000Source | -261,000Source | -592,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -8,713,000Source | -11,005,000Source | -16,074,000Source | -24,188,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 4,853,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 4,332,000Source | 5,895,000Source | 5,650,000Source | -34,843,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,964,000Source | 1,783,000Source | 1,905,000Source | 6,464,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | 22,000Source | 73,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | 23,789,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,942,000Source | 1,359,000Source | 8,000Source | -27,377,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -2,433,000Source | -3,887,000Source | -10,601,000Source | -86,468,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,868,000Source | 5,301,000Source | 9,188,000Source | 19,789,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 58,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 1,082,000Source | — | 2,319,000Source | 3,770,000Source |
| Amortization of Intangible AssetsUSD | 302,000Source | — | — | — |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | 912,000Source | — |
| DepreciationUSD | 560,000Source | 622,000Source | 825,000Source | 3,663,000Source |
| Dividends Payable, CurrentUSD | 13,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -654,000Source | -259,000Source | -738,000Source | -664,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | -90,000Source | -34,000Source | -834,000Source |
| Gain (Loss) on InvestmentsUSD | 61,000Source | 356,000Source | — | — |
| Gain (Loss) on Disposition of Other AssetsUSD | -40,000Source | -90,000Source | -34,000Source | — |
| Gain (Loss) on Termination of LeaseUSD | 410,000Source | 655,000Source | 821,000Source | — |
| GoodwillUSD | — | 1,389,000Source | 1,371,000Source | 4,024,000Source |
| Goodwill, Impairment LossUSD | 1,389,000Source | 0Source | 4,024,000Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | 620,000Source | 5,000Source | 2,768,000Source | 110,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -32,837,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 27,000Source | 35,000Source | -54,000Source | -618,000Source |
| Income Tax Expense (Benefit)USD | 29,000Source | 49,000Source | 35,000Source | 55,000Source |
| Marketable Securities, Unrealized Gain (Loss)USD | 33,000Source | 321,000Source | 877,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -16,991,000Source | -16,853,000Source | -27,741,000Source | -32,837,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 885,000Source | 363,000Source | -288,000Source | 208,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -28,233,000Source | — | — | — |
| Operating Lease, ExpenseUSD | 2,995,000Source | 3,110,000Source | 3,824,000Source | 3,917,000Source |
| Operating Lease, Impairment LossUSD | 1,736,000Source | 2,805,000Source | 926,000Source | 1,110,000Source |
| Other Nonoperating Income (Expense)USD | -167,000Source | -211,000Source | -410,000Source | -1,131,000Source |
| Proceeds from Issuance of Common StockUSD | 3,745,000Source | 1,355,000Source | — | — |
| Proceeds from Noncontrolling InterestsUSD | — | — | 150,000Source | 1,025,000Source |
| Proceeds from Stock Options ExercisedUSD | — | 4,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 29,210,000Source | 33,897,000Source | 30,109,000Source | 55,939,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 16,000,000Source | 12,542,000Source | 12,957,000Source | 31,169,000Source |
| Operating Income (Loss)USD | -15,670,000Source | -16,707,000Source | -28,206,000Source | -31,163,000Source |
| Other Nonoperating Income (Expense)USD | -167,000Source | -211,000Source | -410,000Source | -1,131,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -16,077,000Source | -16,441,000Source | -27,994,000Source | -32,574,000Source |
| Income Tax Expense (Benefit)USD | 29,000Source | 49,000Source | 35,000Source | 55,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 885,000Source | 363,000Source | -288,000Source | 208,000Source |
| Net Income (Loss) Attributable to ParentUSD | -16,991,000Source | -16,853,000Source | -27,741,000Source | -32,837,000Source |
| Earnings Per Share, BasicUSD per share | -5.08Source | -3.66Source | -6.64Source | -0.35Source |
| Earnings Per Share, DilutedUSD per share | -5.08Source | -3.66Source | -6.64Source | -0.35Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 5,560,015Source | 4,610,940Source | 4,175,220Source | 93,655,331Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 5,560,015Source | 4,610,940Source | 4,175,220Source | 93,655,331Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 302,000Source | — | — | — |
| Costs and ExpensesUSD | 23,176,000Source | 25,626,000Source | 31,887,000Source | 43,211,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | 912,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -654,000Source | -259,000Source | -738,000Source | -664,000Source |
| Gain (Loss) on InvestmentsUSD | 61,000Source | 356,000Source | — | — |
| Goodwill, Impairment LossUSD | 1,389,000Source | 0Source | 4,024,000Source | — |
| Gross ProfitUSD | 7,506,000Source | 8,919,000Source | 3,681,000Source | 12,048,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | -32,837,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -15,621,000Source | -15,026,000Source | -27,573,000Source | -32,445,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 27,000Source | 35,000Source | -54,000Source | -618,000Source |
| Interest Expense, DebtUSD | 41,000Source | — | — | — |
| Interest Income (Expense), NetUSD | 661,000Source | 380,000Source | 448,000Source | 384,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -28,233,000Source | — | — | — |
| Operating Lease, ExpenseUSD | 2,995,000Source | 3,110,000Source | 3,824,000Source | 3,917,000Source |
| Other Cost of Operating RevenueUSD | 1,392,000Source | 2,066,000Source | — | — |
Filing attachments
tm2622217d1_ex99-1.htm · 8-K · 2026-08-05
EX-99.1 2 tm2622217d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 XWELL Appoints Global Energy and Capital Markets Leader Gerard Reid to its Board of Directors Company Strengthens Board with Globally Recognized Energy Transition and Capital Markets Expert New York, NY - August 5, 2026 - XWELL, Inc. (the "Company" or “XWELL”) (NASDAQ: XWEL), today announced the appointment of Gerard Reid to its Board of Directors, effective immediately. The Company also announced that Ezra Ernst has resigned as a…
Read attachment ↗tm2619967d1_ex99-1.htm · 8-K · 2026-07-09
EX-99.1 4 tm2619967d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 XWELL Announces Definitive Agreement to Divest XpresSpa and XpresTest Businesses Transformative transaction intended to maximize stockholder value ────────────────────────────────────────────────────── Repositions the Company to pursue a new strategic direction in the national security sector Strengthens the Company’s ability to deploy capital toward growth initiatives NEW YORK, DATE (GLOBE NEWSWIRE) -- XWELL, Inc. …
Read attachment ↗tm2610928d1_ex99-1.htm · 8-K · 2026-04-01
EX-99.1 2 tm2610928d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE XWELL Reports Fiscal 2025 Results NEW YORK - April 1, 2026 - XWELL, Inc. (Nasdaq: XWEL) ("XWELL" or the "Company"), a leading provider of wellness solutions for people on the go, today announced financial results for the year ended December 31, 2025. Recent Operating Highlights XWELL delivered 2025 revenue of approximately $29.2 million. Total operating expenses decreased by approximately 10% versus t…
Read attachment ↗tm267239d1_ex4-1.htm · 8-K · 2026-02-25
EX-4.1 3 tm267239d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT …
Read attachment ↗tm267239d1_ex4-2.htm · 8-K · 2026-02-25
EX-4.2 4 tm267239d1_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT …
Read attachment ↗tm267239d1_ex99-1.htm · 8-K · 2026-02-25
EX-99.1 10 tm267239d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE XWELL Announces Approximately $31.3 Million Private Placement Priced At The Market Under Nasdaq Rules NEW YORK - February 24, 2026 - XWELL, Inc. (Nasdaq: XWEL) ("XWELL" or the "Company"), a provider of wellness and biosecurity solutions, today announced that it has entered into a securities purchase agreement with a series of American Ventures, LLC in a private placement that is expected to result in gross procee…
Read attachment ↗