XWELL, Inc. (XWEL) Financial Statements (2026 and earlier)

Company Profile

Business Address 254 WEST 31ST STREET
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 72 - Personal Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,62411,79723,05042,191105,50689,801
Cash and cash equivalent2,6174,5508,43719,038105,50689,801
Short-term investments77,24714,61323,153  
Receivables1,5601,7931,6672,858615 
Inventory, net of allowances, customer advances and progress billings5095019001,1611,763657
Inventory5095019001,1611,763657
Other current assets1,2171,2469491,1221,0951,321
Total current assets:5,91015,33726,56647,332108,97991,779
Noncurrent Assets
Operating lease, right-of-use asset1,0393,4094,6568,2764,3363,034
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization1,6651,8092,4543,6666,6584,161
Long-term investments and receivables2,127     
Long-term investments2,127     
Intangible asset, including goodwill, after accumulated amortization1012,4122,7248,0323,732870
Goodwill  1,3891,3714,024  
Intangible asset, excluding goodwill, after accumulated amortization1011,0231,3534,0083,732870
Restricted cash and investments251751751751751701
Other noncurrent assets1241,6341,8422,3692,8102,588
Total noncurrent assets:5,30710,01512,42723,09418,28711,354
TOTAL ASSETS:11,21725,35238,99370,426127,266103,133
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:783409137545,9662,440
Taxes payable✕✕✕✕573603551
Employee-related liabilities✕✕✕✕2,0083,792287
Accounts payable2,8361,6121,0992,312  
Accrued liabilities2,5033,1922,599   
Other undisclosed accounts payable and accrued liabilities(5,261)(4,464)(2,785)(4,139)1,5711,602
Deferred revenue1,1261,143    
Debt 3,590   3,5846,095
Other undisclosed current liabilities8,0987,7418,41710,20210,2774,942
Total current liabilities:12,8929,2249,33010,95619,82713,477
Noncurrent Liabilities
Long-term debt and lease obligation     7,5049,285
Long-term debt, excluding current maturities      2,355
Liabilities, other than long-term debt7,0358,3868,69211,521  
Operating lease, liability7,0358,3868,69211,5217,5046,930
Other undisclosed noncurrent liabilities 3,870   (7,504) 
Total noncurrent liabilities:10,9058,3868,69211,5217,5049,285
Total liabilities:23,79717,61018,02222,47727,33122,762
Temporary equity, including noncontrolling interest 224     
Equity
Equity, attributable to parent(22,262)(788)13,00239,92692,73277,806
Common stock6153428321,013941
Additional paid in capital468,915473,824470,737467,740487,306475,709
Accumulated other comprehensive loss(1,541)(1,959)(1,924)(534)(312)(220)
Accumulated deficit(489,697)(472,706)(455,853)(428,112)(395,275)(398,624)
Equity, attributable to noncontrolling interest9,4588,5307,9698,0237,2032,565
Total equity:(12,804)7,74220,97147,94999,93580,371
TOTAL LIABILITIES AND EQUITY:11,21725,35238,99370,426127,266103,133

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues29,21033,89730,10955,93973,7298,385
Cost of revenue(21,704)(24,978)(26,428)(43,891)(41,385)(11,983)
Cost of product and service sold(15,337)(17,477)(17,932)(21,437)(13,421)(6,290)
Gross profit:7,5068,9193,68112,04832,344(3,598)
Operating expenses(16,040)(12,632)(12,991)(32,003)(24,199)(15,940)
Other undisclosed operating loss(7,136)(12,994)(18,896)(11,208)(4,038)(20,566)
Operating income (loss):(15,670)(16,707)(28,206)(31,163)4,107(40,104)
Nonoperating income (expense)(760)(114)(1,148)(1,795)(1,201)858
Investment income, nonoperating61356    
Loss, foreign currency transaction, before tax(654)(259)(738)(664)  
Other nonoperating income (expense)(167)(211)(410)(1,131)(1,201)858
Interest and debt expense(41)    (182)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(16,471)(16,821)(29,354)(32,958)2,906(39,428)
Other undisclosed income (loss) from continuing operations before income taxes3943801,36038443(52,797)
Income (loss) from continuing operations before income taxes:(16,077)(16,441)(27,994)(32,574)2,949(92,225)
Income tax expense(29)(49)(35)(55)(56)(7)
Income (loss) from continuing operations:(16,106)(16,490)(28,029)(32,629)2,893(92,232)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕2,893(92,232)
Net income (loss):(16,106)(16,490)(28,029)(32,629)2,893(92,232)
Net income (loss) attributable to noncontrolling interest(885)(363)288(208)4561,744
Net income (loss) attributable to parent:(16,991)(16,853)(27,741)(32,837)3,349(90,488)
Preferred stock dividends and other adjustments(10,733)     
Other undisclosed net loss available to common stockholders, basic(509)    (945)
Net income (loss) available to common stockholders, diluted:(28,233)(16,853)(27,741)(32,837)3,349(91,433)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(16,106)(16,490)(28,029)(32,629)2,893(92,232)
Comprehensive income (loss):(16,106)(16,490)(28,029)(32,629)2,893(92,232)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(885)(363)288(208)4561,744
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,352432(1,678)(14)(548)(1,681)
Comprehensive income (loss), net of tax, attributable to parent:(15,639)(16,421)(29,419)(32,851)2,801(92,169)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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