XWELL, Inc.
For the period ended Dec 31, 2025. Filed Apr 1, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 1, 2026
XWEL$0.56-4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity
CONSOLIDATED STATEMENTS OF CHANGES IN TEMPORARY EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT)
(In thousands, except share data)
| | | | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · Accumulated · · · · · · · · · | ||||||||||||||||||||||||
| · · · · · · · · Additional · · · · · other · · Total · · Non- · · · | ||||||||||||||||||||||||
| · · · Common stock · · paid- · · Accumulated · · comprehensive · · Company · · controlling · · Total | ||||||||||||||||||||||||
| · · · Shares · · Amount · · in capital · · deficit · · loss · · equity · · interests · · equity | ||||||||||||||||||||||||
| January 1, 2024 | | | 4,179,631 | | $42 | | $470,737 | | $(455,853) | | $(1,924) | | $13,002 | | $7,969 | | $20,971 | |||||||
| Issuance of restricted stock units | | | 4,688 | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
| Stock-based compensation | | | — | | | — | | | 799 | | | — | | | — | | | 799 | | | 94 | | | 893 |
| Exercise of stock options | | | 8,000 | | | — | | | 4 | | | — | | | — | | | 4 | | | — | | | 4 |
| Stock issued related to legal settlement | | | 416,000 | | | 4 | | | 936 | | | — | | | — | | | 940 | | | — | | | 940 |
| Proceeds from registered offering | | | 652,705 | | | 7 | | | 1,348 | | | — | | | — | | | 1,355 | | | — | | | 1,355 |
| Foreign currency translation | | | — | | | — | | | — | | | — | | | (35) | | | (35) | | | 104 | | | 69 |
| Net loss attributable to the Company | | | — | | | — | | | — | | | (16,853) | | | — | | | (16,853) | | | 363 | | | (16,490) |
| December 31, 2024 | | | 5,261,024 | | $53 | | $473,824 | | $(472,706) | | $(1,959) | | $(788) | | $8,530 | | $7,742 | |||||||
CONSOLIDATED STATEMENTS OF CHANGES IN TEMPORARY EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT)
(In thousands, except share data)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · · · · · Accumulated · · Total · · · · · · | ||||||||||||||||||||||||||||||
| · · · Series G Convertible · · · · · · · · Additional · · · · · other · · Company · · Non- · · · | ||||||||||||||||||||||||||||||
| · · · Preferred stock · · · Common stock · · paid- · · Accumulated · · comprehensive · · equity (deficit) · · controlling · · Total | ||||||||||||||||||||||||||||||
| · · · Shares · · Amount · · · Shares · · Amount · · in capital · · deficit · · loss · · · · interests · · equity (deficit) | ||||||||||||||||||||||||||||||
| January 1, 2025 | | | — | | $— | | | 5,261,024 | | $53 | | $473,824 | | $(472,706) | | $(1,959) | | $(788) | | $8,530 | | $7,742 | ||||||||
| Issuance of restricted stock units | | | — | | | — | | | 505,679 | | | 5 | | | (5) | | | — | | | — | | | — | | | — | | | — |
| Stock-based compensation | | | — | | | — | | | — | | | — | | | 1,079 | | | — | | | — | | | 1,079 | | | 3 | | | 1,082 |
| Issuance of common stock for Series G preferred stock installment redemption | | | — | | | — | | | 304,621 | | | 3 | | | 174 | | | — | | | — | | | 177 | | | — | | | 177 |
| Issuance of Series G Preferred Stock in private placement, net of transaction costs | | | 4,000 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
| Series G Preferred Stock accretion | | | — | | | 4,000 | | | — | | | — | | | (4,000) | | | — | | | — | | | (4,000) | | | — | | | (4,000) |
| Series G Preferred Stock dividends | | | — | | | 267 | | | — | | | — | | | (509) | | | — | | | — | | | (509) | | | — | | | (509) |
| Accrual of Series G Preferred Stock and dividend redemption | | | (2,000) | | | (2,359) | | | — | | | — | | | 93 | | | — | | | — | | | 93 | | | — | | | 93 |
| Exchange of Series G Preferred Stock for Senior Secured Convertible Notes | | | (1,804) | | | (1,684) | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
| Deemed dividends on Preferred Stock and Warrant exchange | | | — | | | — | | | — | | | — | | | (4,399) | | | — | | | — | | | (4,399) | | | — | | | (4,399) |
| Reclass of warrant liability upon warrant modification | | | — | | | — | | | — | | | — | | | 2,658 | | | — | | | — | | | 2,658 | | | — | | | 2,658 |
| Distributions to noncontrolling interests | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | (9) | | | (9) |
| Foreign currency translation | | | — | | | — | | | — | | | — | | | — | | | — | | | 396 | | | 396 | | | 58 | | | 454 |
| Other comprehensive income, net | | | — | | | — | | | — | | | — | | | — | | | — | | | 22 | | | 22 | | | (9) | | | 13 |
| Net loss attributable to the Company | | | — | | | — | | | — | | | — | | | — | | | (16,991) | | | — | | | (16,991) | | | 885 | | | (16,106) |
| December 31, 2025 | | | 196 | | $224 | | | 6,071,324 | | $61 | | $468,915 | | $(489,697) | | $(1,541) | | $(22,262) | | $9,458 | | $(12,804) | ||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.