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$0.54-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Cash flows from operating activities · · · · · | ||||||
| Net loss | | $(16,106) | | $(16,490) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization | | 862 | | 938 | ||
| Impairment of long-lived assets | | 2,529 | | 1,706 | ||
| Impairment of goodwill | | | 1,389 | | | — |
| Impairment of intangible assets | | | 620 | | | 5 |
| Impairment of operating lease right-of-use assets | | | 1,736 | | | 2,805 |
| Unrealized gain on marketable securities | | | (33) | | | (321) |
| Foreign currency remeasurement loss | | | 654 | | | 259 |
| Gain on lease termination | | | (410) | | | (655) |
| Loss on disposal of assets, net | | | 29 | | | 90 |
| Amortization of operating lease right of use asset | | | 916 | | | 1,335 |
| Provision for credit losses | | | - | | | 50 |
| Stock-based compensation | | 1,082 | | 893 | ||
| (Gain) on equity investment | | | (27) | | | (35) |
| Change in fair value of derivative liability | | 80 | | — | ||
| Change in fair value of warrant liability | | | (3,215) | | | — |
| Loss on issuance of Series G Preferred Stock | | | 3,443 | | | — |
| Changes in assets and liabilities: | | | | | ||
| (Increase) decrease in inventory | | | (8) | | 399 | |
| (Increase) decrease in accounts receivable | | | 247 | | | (193) |
| (Decrease) increase in deferred revenue | | | (17) | | | 281 |
| (Increase) in other assets, current and non-current | | | (596) | | (103) | |
| (Decrease) in other liabilities, current and non-current | | | (3,094) | | | (2,356) |
| Increase in accounts payable | | | 1,206 | | 387 | |
| Net cash used in operating activities | | (8,713) | | (11,005) | ||
| Cash flows from investing activities | | | | | ||
| Acquisition of property and equipment | | (2,964) | | (1,783) | ||
| Investment in marketable securities | | | (95) | | | (299) |
| Sale of marketable securities | | | 7,391 | | | 7,986 |
| Acquisition of intangibles | | — | | | (9) | |
| Net cash provided by investing activities | | 4,332 | | 5,895 | ||
| Cash flows from financing activities | | | | | ||
| Stock option exercised | | | — | | | 4 |
| Proceeds from registered offering, net of offering costs | | | 3,745 | | | — |
| Net proceeds from stock sale | | | — | | | 1,355 |
| Redemption of preferred stock | | | (1,794) | | | — |
| Distributions to noncontrolling interests | | | (9) | | | — |
| Net cash provided by financing activities | | 1,942 | | 1,359 | ||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | | 6 | | (136) | ||
| Decrease in cash, cash equivalents and restricted cash | | (2,433) | | (3,887) | ||
| Cash, cash equivalents, and restricted cash at beginning of the year | | | 5,301 | | | 9,188 |
| Cash, cash equivalents, and restricted cash at end of the period | | $2,868 | | $5,301 | ||
| Cash paid for | | | | | ||
| Income taxes | | $58 | | $59 | ||
| Non-cash investing and financing transactions | | | | | ||
| Issuance of shares of Common Stock for legal settlement | | $— | | $940 | ||
| Capital expenditures included in Accounts payable, accrued expenses and other current liabilities | | | (14) | | | 152 |
| Accrual of Series convertible preferred stock dividends | | | 267 | | | — |
| Accretion of Series G convertible preferred stock to redemption value | | | 4,000 | | | — |
| Initial fair value of warrant liability | | | 5,873 | | | — |
| Initial fair value of derivative liability | | | 1,315 | | | — |
| Accrued Series G convertible preferred stock redemption payable | | | 538 | | | — |
| Noncash conversion of Series G convertible preferred stock | | | 177 | | | — |
| Deemed dividend on Exchange of Series G Preferred Stock | | | 4,399 | | | — |
| Deemed dividend on warrant exchange | | | 2,334 | | | — |
| Initial fair value of derivative liability on convertible debt | | | 3,105 | | | — |
| Extinguishment of convertible preferred stock with bifurcated embedded derivative | | | 630 | | | — |
| Fair value of convertible note on exchange | | | 6,689 | | | — |
| Reclass of warrant liability upon modification | | | 2,658 | | | — |
| Lease liability remeasurement due to modification | | | 79 | | | — |
| Right-of-use asset and lease liability recognized for new operating lease | | | 204 | | | 3,257 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.