XWELL, Inc.
For the period ended Dec 31, 2025. Filed Apr 1, 2026.
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FY2025 · Filed Apr 1, 2026
XWEL$0.54-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| | | | | | | |
| Revenue, net · · · · · | ||||||
| Services | | $26,268 | | $30,660 | ||
| Products | | 2,942 | | 3,237 | ||
| Total revenue, net | | 29,210 | | 33,897 | ||
| | | | | | | |
| Cost of sales | | | | | ||
| Labor | | 15,337 | | 17,477 | ||
| Occupancy | | 3,625 | | 3,712 | ||
| Products and other operating costs | | 2,742 | | 3,789 | ||
| Total cost of sales | | 21,704 | | 24,978 | ||
| Gross Profit | | | 7,506 | | | 8,919 |
| Depreciation and amortization | | 862 | | 938 | ||
| Impairment of long-lived assets | | | 3,149 | | | 1,711 |
| Goodwill impairment | | | 1,389 | | | — |
| Loss on disposal of assets, net | | | 40 | | | 90 |
| Impairment of operating lease right-of-use assets | | | 1,736 | | | 2,805 |
| General and administrative | | 16,000 | | 20,082 | ||
| Total operating expenses | | 23,176 | | 25,626 | ||
| Operating loss | | (15,670) | | (16,707) | ||
| Change in fair value of derivative liabilities | | | (80) | | | — |
| Change in fair value of warrant liability | | | 3,215 | | | — |
| Loss on issuance of Series G Preferred Stock | | | (3,443) | | | — |
| Interest income, net | | 661 | | 380 | ||
| Foreign exchange loss | | | (654) | | | (259) |
| Gain on investments, realized and unrealized | | | 61 | | | 356 |
| Other non-operating expense, net | | (167) | | (211) | ||
| Loss before income taxes | | (16,077) | | (16,441) | ||
| Income tax expense | | (29) | | (49) | ||
| Net loss | | | (16,106) | | | (16,490) |
| Net loss attributable to noncontrolling interests | | (885) | | (363) | ||
| Net loss attributable to XWELL, Inc. | | $(16,991) | | $(16,853) | ||
| Net loss | | | (16,106) | | | (16,490) |
| Other comprehensive income (loss) from operations | | 467 | | 69 | ||
| Comprehensive loss | | $(15,639) | | $(16,421) | ||
| Loss per share | | | | | | |
| Preferred stock dividends | | | (509) | | | — |
| Preferred stock accretion | | | (4,000) | | | — |
| Deemed dividend on warrant exchange | | | (2,334) | | | — |
| Deemed dividend on Exchange of Series G Preferred Stock | | | (4,399) | | | — |
| Net loss attributable to XWELL, Inc. common stockholders | | $(28,233) | | $(16,853) | ||
| Basic and diluted loss per share | | $(5.08) | | $(3.66) | ||
| Weighted-average number of shares outstanding | | | | | ||
| Basic | | 5,560,015 | | 4,610,940 | ||
| Diluted | | 5,560,015 | | 4,610,940 | ||
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