Security
XNET · Xunlei Ltd
XNETNASDAQotherCurrentCIK 1510593Updated Sep 25, 2026
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,631,923,000Source | 473,901,000Source | 468,686,000Source | 463,323,000Source |
| Property, Plant and Equipment, NetUSD | 54,784,000Source | 55,430,000Source | 60,028,000Source | 61,734,000Source |
| GoodwillUSD | 39,164,000Source | — | 20,826,000Source | 21,179,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 32,722,000Source | 8,310,000Source | 5,697,000Source | 6,546,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 157,020,000Source | 177,329,000Source | 170,802,000Source | 177,154,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 68,413,000Source | 32,662,000Source | 31,210,000Source | 29,763,000Source |
| Inventory, NetUSD | 403,000Source | 1,255,000Source | 2,219,000Source | 457,000Source |
| Assets, CurrentUSD | 399,673,000Source | 363,032,000Source | 327,376,000Source | 332,184,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 12,850,000Source | 10,058,000Source | 9,423,000Source | 8,267,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,943,000Source | 450,000Source | 575,000Source | 865,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 259,406,000Source | 156,116,000Source | 145,213,000Source | 154,902,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 78,000Source | 77,000Source | 81,000Source | 81,000Source |
| Additional Paid in CapitalUSD | 480,133,000Source | 477,244,000Source | 482,484,000Source | 477,495,000Source |
| Retained Earnings (Accumulated Deficit)USD | 900,991,000Source | -146,305,000Source | -146,944,000Source | -160,063,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -17,413,000Source | -21,694,000Source | -18,913,000Source | -14,668,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,373,491,000Source | 318,056,000Source | 324,862,000Source | 309,893,000Source |
| Liabilities and EquityUSD | 1,631,923,000Source | 473,901,000Source | 468,686,000Source | 463,323,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 208,450,000Source | 126,736,000Source | 128,086,000Source | 128,290,000Source |
| Operating Lease, Liability, CurrentUSD | 487,000Source | 253,000Source | 276,000Source | 283,000Source |
| Accounts Payable, CurrentUSD | 41,965,000Source | 22,964,000Source | 24,430,000Source | 25,432,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,251,000Source | 161,000Source | 229,000Source | 299,000Source |
| Deferred Income Tax Liabilities, NetUSD | 6,138,000Source | 1,154,000Source | 513,000Source | 687,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -974,000Source | -271,000Source | -1,389,000Source | -1,472,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | — | — | — | 38,967,000Source |
| Deferred Revenue, NoncurrentUSD | — | — | — | 876,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 3,557,000Source | 696,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 38,413,000Source | 27,127,000Source | — | — |
| Short-term InvestmentsUSD | 148,155,000Source | 110,209,000Source | 101,078,000Source | 83,626,000Source |
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 | 1,047,610,000Source | 663,000Source | 14,266,000Source | 21,347,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,840,000Source | 2,453,000Source | 9,676,000Source | 8,184,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 27,371,000Source | 2,037,000Source | 1,997,000Source | 5,979,000Source |
| Increase (Decrease) in InventoriesUSD | -387,000Source | -925,000Source | 1,804,000Source | -851,000Source |
| Increase (Decrease) in Accounts PayableUSD | 15,596,000Source | -1,519,000Source | -598,000Source | 1,064,000Source |
| Deferred Income Tax Expense (Benefit)USD | -2,876,000Source | -10,068,000Source | -428,000Source | -382,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 32,479,000Source | 30,976,000Source | 25,716,000Source | 51,109,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 52,134,000Source | 2,125,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -99,096,000Source | -21,913,000Source | -23,898,000Source | 11,758,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 5,349,000Source | 8,026,000Source | 3,992,000Source | 14,969,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 45,480,000Source | -925,000Source | -13,524,000Source | 6,641,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 157,826,000Source | 177,547,000Source | 170,802,000Source | 184,808,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,178,000Source | 578,000Source | 1,376,000Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,416,000Source | -1,393,000Source | -2,300,000Source | -12,136,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 3,840,000Source | 2,453,000Source | 9,676,000Source | 8,184,000Source |
| Amortization of Intangible AssetsUSD | 3,519,000Source | 1,808,000Source | 1,101,000Source | 1,086,000Source |
| DepreciationUSD | 4,970,000Source | 4,686,000Source | 4,427,000Source | 2,666,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 996,000Source | 1,407,000Source | — | 590,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -1,206,000Source | 216,000Source | 1,693,000Source | 4,494,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -74,000Source | 82,000Source | -1,000Source | -2,000Source |
| Gain (Loss) on InvestmentsUSD | — | 131,000Source | — | 437,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | 861,000Source | 24,000Source | — |
| General and Administrative ExpenseUSD | 44,874,000Source | 45,827,000Source | 46,875,000Source | 39,701,000Source |
| GoodwillUSD | 39,164,000Source | — | 20,826,000Source | 21,179,000Source |
| Goodwill, Impairment LossUSD | — | 20,748,000Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 2,515,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 1,047,610,000Source | 663,000Source | 14,266,000Source | 21,347,000Source |
| Income Tax Expense (Benefit)USD | -1,285,000Source | -3,020,000Source | 4,131,000Source | 4,068,000Source |
| InterestExpenseNonoperatingUSD | 1,698,000Source | — | — | — |
| Inventory Write-downUSD | 470,000Source | 25,000Source | 0Source | 15,000,000Source |
| Investment Income, InterestUSD | 3,262,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 1,048,265,000Source | 1,215,000Source | 14,225,000Source | 21,463,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -655,000Source | -552,000Source | 41,000Source | -116,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,048,265,000Source | 1,215,000Source | 14,225,000Source | 21,463,000Source |
| Operating ExpensesUSD | 210,912,000Source | 183,277,000Source | 164,685,000Source | 131,378,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 262,000Source |
| Operating Lease, Lease IncomeUSD | 4,133,000Source | 2,511,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 1,038,131,000Source | 9,183,000Source | 16,904,000Source | 13,545,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 76,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 462,410,000Source | 324,405,000Source | 364,911,000Source | 342,564,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 1,032,989,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 460,428,000Source | 323,140,000Source | 363,722,000Source | 341,497,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 6,630,000Source | -15,704,000Source | -1,612,000Source | 10,065,000Source |
| Other Nonoperating Income (Expense)USD | 1,038,131,000Source | 9,183,000Source | 16,904,000Source | 13,545,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,046,325,000Source | -2,357,000Source | 18,397,000Source | 25,415,000Source |
| Income Tax Expense (Benefit)USD | -1,285,000Source | -3,020,000Source | 4,131,000Source | 4,068,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -655,000Source | -552,000Source | 41,000Source | -116,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,048,265,000Source | 1,215,000Source | 14,225,000Source | 21,463,000Source |
| Earnings Per Share, BasicUSD per share | 3.37Source | 0Source | 0.04Source | 0.06Source |
| Earnings Per Share, DilutedUSD per share | 3.31Source | 0Source | 0.04Source | 0.06Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 311,440,748Source | 318,758,374Source | 326,390,687Source | 336,040,378Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 316,458,713Source | 319,146,281Source | 326,849,502Source | 336,235,501Source |
| Interest Expense (non-operating)USD | 1,698,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,519,000Source | 1,808,000Source | 1,101,000Source | 1,086,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0Source | 0Source | 0Source | 0Source |
| Current Income Tax Expense (Benefit)USD | 1,591,000Source | 7,048,000Source | 4,559,000Source | 4,450,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -1,206,000Source | 216,000Source | 1,693,000Source | 4,494,000Source |
| Gain (Loss) on InvestmentsUSD | — | 131,000Source | — | 437,000Source |
| General and Administrative ExpenseUSD | 44,874,000Source | 45,827,000Source | 46,875,000Source | 39,701,000Source |
| Goodwill, Impairment LossUSD | — | 20,748,000Source | 0Source | 0Source |
| Gross ProfitUSD | 217,542,000Source | 167,573,000Source | 163,073,000Source | 141,443,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 1,047,610,000Source | 663,000Source | 14,266,000Source | 21,347,000Source |
| Interest Expense, DebtUSD | 1,698,000Source | 728,000Source | 1,514,000Source | 93,000Source |
| Interest Income, OtherUSD | 3,262,000Source | 4,892,000Source | 4,619,000Source | 1,898,000Source |
| Investment Income, InterestUSD | 3,262,000Source | — | — | — |
| Investment Income, NetUSD | 378,000Source | 1,078,000Source | 1,390,000Source | 367,000Source |
| Marketing and Advertising ExpenseUSD | 63,338,000Source | 29,783,000Source | 29,140,000Source | 12,551,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,048,265,000Source | 1,215,000Source | 14,225,000Source | 21,463,000Source |
| Operating ExpensesUSD | 210,912,000Source | 183,277,000Source | 164,685,000Source | 131,378,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 262,000Source |
| Operating Lease, Lease IncomeUSD | 4,133,000Source | 2,511,000Source | — | — |
| Other Cost and Expense, OperatingUSD | 73,889,000Source | — | — | — |
| Research and Development ExpenseUSD | 80,040,000Source | 71,572,000Source | 74,201,000Source | 67,680,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 462,410,000Source | 324,405,000Source | 364,911,000Source | 342,564,000Source |
| Selling and Marketing ExpenseUSD | 86,260,000Source | 44,842,000Source | 43,509,000Source | 24,841,000Source |