XWEL · Xwell, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $29.21M | $33.90M | $30.11M | $55.94M | $73.73M | $8.38M |
| Cost of Revenue | $21.70M | $24.98M | $26.43M | $43.89M | $41.38M | $11.98M |
| Gross Profit | $7.51M | $8.92M | $3.68M | $32.34M | $32.34M | ($3.60M) |
| R&D | - | - | - | - | - | - |
| SG&A | $16.00M | $12.54M | $12.96M | $31.17M | $24.20M | $15.94M |
| Total Operating Expenses | $23.18M | $25.63M | $31.89M | $43.21M | $69.62M | $48.49M |
| D&A | $862.0K | $938.0K | $2.06M | $5.43M | $3.20M | $5.21M |
| Operating Income | ($15.67M) | ($16.71M) | ($28.21M) | ($31.16M) | $4.11M | ($40.10M) |
| Interest Expense | $41.0K | - | - | - | - | - |
| Income Tax | $29.0K | $49.0K | $35.0K | $55.0K | $56.0K | $7.0K |
| Net Income | ($16.99M) | ($16.85M) | ($27.74M) | ($32.84M) | $3.35M | ($90.49M) |
| EPS - Basic | ($5.08) | ($3.66) | ($6.64) | ($7.00) | ($41.00) | - |
| EPS - Diluted | ($5.08) | ($3.66) | ($6.64) | ($7.00) | ($41.00) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.62M | $4.55M | $8.44M | $19.04M | $105.51M | $89.80M |
| Accounts Receivable | $1.56M | $1.79M | $1.67M | $2.86M | $615.0K | - |
| Inventory | $509.0K | $501.0K | $900.0K | $1.16M | $1.76M | $657.0K |
| Accounts Payable | $2.84M | $1.61M | $1.10M | $5.54M | - | - |
| Current Assets | $5.91M | $15.34M | $26.57M | $47.33M | $108.98M | $91.78M |
| Total Assets | $11.22M | $25.35M | $38.99M | $70.43M | $127.27M | $103.13M |
| Current Liabilities | $12.89M | $9.22M | $9.33M | $10.96M | $19.83M | $13.48M |
| Long-term Debt | - | - | - | - | $3.58M | $5.65M |
| Total Liabilities | $23.80M | $17.61M | $18.02M | $22.48M | $27.33M | $22.76M |
| Stockholders' Equity | ($22.26M) | ($788.0K) | $13.00M | $39.93M | $92.73M | $77.81M |
| Retained Earnings | ($489.70M) | ($472.71M) | ($455.85M) | ($428.11M) | ($395.27M) | ($398.62M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.71M) | ($11.01M) | ($16.07M) | ($24.19M) | $14.56M | ($25.01M) |
| Investing Cash Flow | $4.33M | $5.89M | $5.65M | ($34.84M) | ($5.16M) | ($4.35M) |
| Financing Cash Flow | $1.94M | $1.36M | $8.0K | ($27.38M) | $6.35M | $117.22M |
| CapEx | $2.96M | $1.78M | $1.91M | $6.46M | $4.28M | $3.97M |
| Free Cash Flow | ($11.68M) | ($12.79M) | ($17.98M) | ($30.65M) | $10.28M | ($28.98M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 25.7% | 26.3% | 12.2% | 57.8% | 43.9% | -42.9% |
| Operating margin | -53.6% | -49.3% | -93.7% | -55.7% | 5.6% | -478.3% |
| EBITDA margin | -50.7% | -46.5% | -86.8% | -46.0% | 9.9% | -416.1% |
| Net margin | -58.2% | -49.7% | -92.1% | -58.7% | 4.5% | -1079.2% |
| Free cash flow margin | -40.0% | -37.7% | -59.7% | -54.8% | 13.9% | -345.6% |
| FCF / Net income | 0.69 | 0.76 | 0.65 | 0.93 | 3.07 | 0.32 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 54.8% | 37.0% | 43.0% | 55.7% | 32.8% | 190.1% |
| Effective tax rate | - | - | - | - | 1.6% | - |
| Return on assets | -151.5% | -66.5% | -71.1% | -46.6% | 2.6% | -87.7% |
| Return on equity | 76.3% | 2138.7% | -213.4% | -82.2% | 3.6% | -116.3% |
| Return on invested capital | - | - | - | - | 4.2% | -38.0% |
| Liquidity | ||||||
| Current ratio | 0.46 | 1.66 | 2.85 | 4.32 | 5.50 | 6.81 |
| Quick ratio | 0.42 | 1.61 | 2.75 | 4.21 | 5.41 | 6.76 |
| Cash ratio | 0.20 | 0.49 | 0.90 | 1.74 | 5.32 | 6.66 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | 0.04 | 0.07 |
| Debt / Assets | - | - | - | - | 0.03 | 0.05 |
| Debt / EBITDA | - | - | - | - | 0.49 | - |
| Interest coverage | -382.2x | - | - | - | - | - |
| Equity multiplier | -0.50 | -32.17 | 3.00 | 1.76 | 1.37 | 1.33 |
| Liabilities / Assets | 2.12 | 0.69 | 0.46 | 0.32 | 0.21 | 0.22 |
| Efficiency | ||||||
| Asset turnover | 2.60 | 1.34 | 0.77 | 0.79 | 0.58 | 0.08 |
| Inventory turnover | 42.64 | 49.86 | 29.36 | 37.80 | 23.47 | 18.24 |
| Days sales outstanding | 19d | 19d | 20d | 19d | 3d | - |
| Days inventory outstanding | 9d | 7d | 12d | 10d | 16d | 20d |
| Days payable outstanding | 48d | 24d | 15d | 46d | - | - |
| Cash conversion cycle | -20d | 3d | 17d | -18d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | 0.1x | 0.2x | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -13.8% | 12.6% | -46.2% | -24.1% | 779.3% | -82.7% |
| Revenue CAGR (3y) | -19.5% | -22.8% | 53.1% | 4.9% | 13.7% | -44.4% |
| Revenue CAGR (5y) | 28.4% | -6.9% | -9.7% | 2.8% | 31.2% | -18.1% |
| Gross profit growth (YoY) | -15.8% | 142.3% | -88.6% | 0.0% | - | - |
| Operating income growth (YoY) | 6.2% | 40.8% | 9.5% | - | - | -152.7% |
| Net income growth (YoY) | -0.8% | 39.2% | 15.5% | - | - | -326.4% |
| EPS growth (YoY) | -38.8% | 44.9% | 5.1% | 82.9% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 8.7% | 28.9% | 41.3% | - | - | -1113.6% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -2725.1% | - | -67.4% | -56.9% | 19.2% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$29.21M totalXpresspa$18.65M · 63.8%
Xprestest$8.25M · 28.2%
Naples Wax$2.31M · 7.9%
Product / service
$29.21M totalService$26.27M · 89.9%
Product$2.94M · 10.1%
Geographic
$29.21M totalUS$23.42M · 80.2%
Non Us$5.79M · 19.8%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-39.56
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Personal Services
Comparing XWELL against the 5 most active filers in the same SIC group.