# XWELL, Inc.: overview

XWEL · Nasdaq · CIK 1410428 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/xwel.md) · [Financials](/companies/xwel/financials.md) · [Filings](/companies/xwel/filings.md) · [Insiders](/companies/xwel/insiders.md)

Latest reported revenue: [$7.1m](/filings/0001104659-26-097169.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-097169).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [8,422](/filings/0001104659-25-112636.md) | [7,467 d](/filings/0001104659-26-038330.md) | [7,023](/filings/0001104659-26-064495.md) | [7,689](/filings/0001104659-26-097169.md) | [7,345](/filings/0001104659-25-112636.md) | [7,154 d](/filings/0001104659-26-038330.md) | [6,638](/filings/0001104659-26-064495.md) | [7,145](/filings/0001104659-26-097169.md) |
| Gross margin | % | [24.4%](/filings/0001104659-25-112636.md) | [15.0% d](/filings/0001104659-26-038330.md) | [18.8%](/filings/0001104659-26-064495.md) | [23.1%](/filings/0001104659-26-097169.md) | [20.3%](/filings/0001104659-25-112636.md) | [40.8% d](/filings/0001104659-26-038330.md) | [35.4%](/filings/0001104659-26-064495.md) | [41.3%](/filings/0001104659-26-097169.md) |
| Operating margin | % | [(56.6%)](/filings/0001104659-25-112636.md) | [(102.7%) d](/filings/0001104659-26-038330.md) | [(45.0%)](/filings/0001104659-26-064495.md) | [(35.0%)](/filings/0001104659-26-097169.md) | [(10.5%)](/filings/0001104659-25-112636.md) | [(126.5%) d](/filings/0001104659-26-038330.md) | [(81.6%)](/filings/0001104659-26-064495.md) | [(29.4%)](/filings/0001104659-26-097169.md) |
| Net margin | % | [(56.4%)](/filings/0001104659-25-112636.md) | [(101.7%) d](/filings/0001104659-26-038330.md) | [(67.2%)](/filings/0001104659-26-064495.md) | [(29.5%)](/filings/0001104659-26-097169.md) | [(9.9%)](/filings/0001104659-25-112636.md) | [(129.7%) d](/filings/0001104659-26-038330.md) | [(168.8%)](/filings/0001104659-26-064495.md) | [(31.4%)](/filings/0001104659-26-097169.md) |
| Diluted EPS | $ per share | [(0.99)](/filings/0001104659-25-112636.md) | not reported | [(1.00)](/filings/0001104659-26-064495.md) | [(0.56)](/filings/0001104659-26-097169.md) | [(0.26)](/filings/0001104659-25-112636.md) | not reported | [(1.51)](/filings/0001104659-26-064495.md) | [(0.26)](/filings/0001104659-26-097169.md) |
| Free cash flow | $k | [(3,826) d](/filings/0001104659-25-112636.md) | [(4,193) d](/filings/0001104659-26-038330.md) | [(4,602)](/filings/0001104659-26-064495.md) | [(3,275) d](/filings/0001104659-26-097169.md) | [(3,052) d](/filings/0001104659-25-112636.md) | [(748) d](/filings/0001104659-26-038330.md) | [(4,992)](/filings/0001104659-26-064495.md) | [(4,684) d](/filings/0001104659-26-097169.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [73.7](/filings/0001558370-23-006084.md) | [55.9](/filings/0001558370-24-005211.md) | [30.1](/filings/0001558370-25-004851.md) | [33.9](/filings/0001104659-26-038330.md) | [29.2](/filings/0001104659-26-038330.md) |
| Gross margin | % | [43.9%](/filings/0001558370-23-006084.md) | [21.5%](/filings/0001558370-24-005211.md) | [12.2%](/filings/0001558370-25-004851.md) | [26.3%](/filings/0001104659-26-038330.md) | [25.7%](/filings/0001104659-26-038330.md) |
| Operating margin | % | [5.6%](/filings/0001558370-23-006084.md) | [(55.7%)](/filings/0001558370-24-005211.md) | [(93.7%)](/filings/0001558370-25-004851.md) | [(49.3%)](/filings/0001104659-26-038330.md) | [(53.6%)](/filings/0001104659-26-038330.md) |
| Net margin | % | [4.5%](/filings/0001558370-23-006084.md) | [(58.7%)](/filings/0001558370-24-005211.md) | [(92.1%)](/filings/0001558370-25-004851.md) | [(49.7%)](/filings/0001104659-26-038330.md) | [(58.2%)](/filings/0001104659-26-038330.md) |
| Diluted EPS | $ per share | [0.03](/filings/0001558370-23-006084.md) | [(7.01)](/filings/0001558370-24-005211.md) | [(6.64)](/filings/0001558370-25-004851.md) | [(3.66)](/filings/0001104659-26-038330.md) | [(5.08)](/filings/0001104659-26-038330.md) |
| Free cash flow | $m | [10.3](/filings/0001558370-23-006084.md) | [(30.7)](/filings/0001558370-24-005211.md) | [(18.0)](/filings/0001558370-25-004851.md) | [(12.8)](/filings/0001104659-26-038330.md) | [(11.7)](/filings/0001104659-26-038330.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/xwel/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $121.7k | 117,022 |  | New +117,022 |
| [Wealthspire Advisors, LLC](/funds/1646247.md) | 2026-06-30 | $109.3k | 105,102 |  | New +105,102 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $85.3k | 81,990 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $58.3k | 56,069 |  | Reduced −11,455 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $53.4k | 51,310 |  | Unchanged |
| [XTX Topco Ltd](/funds/1828301.md) | 2026-06-30 | $34.1k | 32,770 |  | New +32,770 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $32.5k | 31,216 |  | Reduced −50,944 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $24.3k | 23,380 |  | Unchanged |
| [Integrated Wealth Concepts LLC](/funds/1737109.md) | 2026-06-30 | $21.5k | 20,704 |  | Added +10,352 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $16.8k | 16,144 |  | Unchanged |

## Recent filings

[All 1,054 filings](/companies/xwel/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-20 | 08:00 ET | [8-K](/filings/0001104659-26-117180.md) | 3.01 Delisting notice | 0001104659-26-117180 |
| 2026-10-08 | 20:44 ET | [DEF 14A](/filings/0001104659-26-114457.md) | Proxy statement, period 2026-10-28 | 0001104659-26-114457 |
| 2026-10-08 | 20:41 ET | [8-K](/filings/0001104659-26-114456.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001104659-26-114456 |
| 2026-09-08 | 20:00 ET | [SCHEDULE 13D/A](/filings/0001213900-26-098164.md) | Ownership report, active investor, amended | 0001213900-26-098164 |
| 2026-08-14 | 16:15 ET | [10-Q](/filings/0001104659-26-097169.md) | Quarterly report, period 2026-06-30 | 0001104659-26-097169 |
| 2026-08-05 | 08:00 ET | [8-K](/filings/0001104659-26-090744.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-090744 |
| 2026-08-04 | 16:15 ET | [SCHEDULE 13D](/filings/0001104659-26-090388.md) | Ownership report, active investor | 0001104659-26-090388 |
| 2026-07-09 | 16:05 ET | [8-K](/filings/0001104659-26-082254.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-082254 |
| 2026-05-20 | 16:05 ET | [10-Q](/filings/0001104659-26-064495.md) | Quarterly report, period 2026-03-31 | 0001104659-26-064495 |
| 2026-04-30 | 16:12 ET | [10-K/A](/filings/0001104659-26-052926.md) | Annual report, amended, period 2025-12-31 | 0001104659-26-052926 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-038330.md), filed Apr 1, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/c063785f-9015-43c1-9c9c-4881d4fa2ae3)

## About the filer

- CIK: 1410428
- Tickers: XWEL
- Exchange: Nasdaq
- SIC code: 7200 Services-Personal Services
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 16:07 ET. No prices; not investment advice.
