Saturday 17 October 2026
Export XNET’s income statement to Excel — free account
Xunlei Limited
XNET Technology Software Infrastructure
Xunlei Limited’s revenue for fiscal 2025 (year ended December 2025) was $460.4 million, up 42.5% from fiscal 2024. In the quarter to June 2026, revenue grew 38.7%, EPS fell 129.4%, free cash flow grew 310.0% and total debt fell 16.8%, each against the same quarter a year earlier.
4.20
0.44
−9.48%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 163.41 | 5.90 | 7.00 | 199.00 | 0.42 |
Piotroski F-Score |
5 | 4 | 5 | 1 | 5 | 8 | 6 | 7 | 6 | 5 |
P/S ratio |
1.88 | 5.56 | 0.99 | 1.83 | 1.05 | 0.56 | 0.37 | 0.29 | 0.39 | 0.96 |
Altman Z-Score |
2.15 | 4.56 | 1.74 | 1.55 | 1.20 | 0.99 | 1.33 | 1.27 | 1.23 | 2.23 |
P/FCF ratio |
21.83 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.84 | 31.88 | 10.06 |
Altman Z″-Score (non-manufacturers) |
7.44 | 5.09 | 5.45 | 3.40 | 3.85 | 3.47 | 4.00 | 4.08 | 4.18 | 8.15 |
Beneish M-Score |
(2.40) | (1.61) | (2.97) | (2.04) | (2.66) | (2.33) | (2.39) | (2.60) | (2.98) | 3.52 |
P/Operating CF |
19.18 | 80.98 | 16.55 | 24.05 | 14.17 | 9.78 | 9.18 | 7.64 | 4.10 | 13.60 |
P/B ratio |
0.65 | 2.91 | 0.66 | 1.12 | 0.67 | 0.45 | 0.41 | 0.32 | 0.40 | 0.32 |
Price to Tangible BV |
0.70 | 3.13 | 0.73 | 1.25 | 0.75 | 0.50 | 0.45 | 0.35 | 0.41 | 0.34 |
EV/Sales |
(0.84) | 3.70 | (0.40) | 0.45 | (0.20) | (0.35) | (0.30) | (0.40) | (0.41) | 0.49 |
EV/EBITDA |
2.83 | 0.00 | 2.07 | 0.00 | 2.03 | 19.50 | 0.00 | 89.53 | 8.37 | 34.19 |
EV/Operating CF |
(3.82) | 44.93 | 4.80 | (1.04) | 0.35 | 1.11 | (9.31) | (1.75) | (2.94) | 2.94 |
EV/FCF |
(9.71) | (12.05) | 1.41 | (0.67) | 0.25 | 0.69 | 2.31 | (3.90) | (33.03) | 5.16 |
Quick Ratio |
4.24 | 2.91 | 3.14 | 2.63 | 2.69 | 2.21 | 2.26 | 2.37 | 2.53 | 1.79 |
Current Ratio |
4.41 | 3.04 | 3.36 | 2.84 | 2.93 | 2.45 | 2.59 | 2.56 | 2.86 | 1.92 |
Net Debt/EBITDA |
11.52 | 8.43 | 8.52 | 5.70 | 50.53 | (43.26) | (16.51) | (55.84) | 29.44 | (14.20) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 3.77% | 5.27% | 4.58% | 6.86% | 4.79% | 6.16% | 4.63% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.05 | 0.08 | 0.07 | 0.10 | 0.07 | 0.09 | 0.06 |
Asset Turnover |
0.27 | 0.38 | 0.47 | 0.41 | 0.44 | 0.56 | 0.76 | 0.78 | 0.69 | 0.44 |
Operating CF/Net income |
(0.70) | 0.38 | 0.91 | 0.86 | 1.01 | 16.36 | 2.38 | 1.81 | 25.49 | 0.03 |
Capex/Depreciation |
(1.65) | (0.94) | (0.84) | (1.15) | (0.91) | (1.39) | (3.93) | (0.74) | (1.19) | (0.59) |
Interest Coverage |
(173.65) | (226.78) | (185.48) | (752.29) | (46.29) | (45.51) | 108.23 | (1.06) | (21.57) | 3.90 |
| (5.67%) | (9.59%) | (10.81%) | (16.62%) | (4.72%) | 0.40% | 7.03% | 4.50% | 0.38% | 124.03% | |
| (4.60%) | (7.25%) | (7.94%) | (12.08%) | (3.29%) | 0.28% | 4.75% | 3.05% | 0.26% | 99.56% | |
ROIC |
(104.65%) | (324.39%) | (112.11%) | (76.25%) | (20.54%) | (3.26%) | 7.92% | (1.36%) | (16.51%) | 0.36% |
Return on Tangible Assets |
(7.09%) | (12.05%) | (14.19%) | (21.78%) | (5.54%) | 0.51% | 8.08% | 5.49% | 0.42% | 426.11% |
Average Days of Receivables |
37.84 | 73.94 | 30.69 | 55.63 | 45.01 | 39.95 | 31.81 | 31.32 | 36.89 | 54.23 |
Research and Development Expense of Revenue |
43.63% | 33.38% | 33.29% | 37.95% | 29.76% | 25.91% | 19.82% | 20.40% | 22.15% | 17.38% |
Selling, General and Administrative Expense of Revenue |
28.97% | 28.12% | 33.02% | 39.16% | 27.89% | 25.73% | 18.90% | 24.85% | 28.06% | 28.48% |
Intangible Assets out of Total Assets |
0.06 | 0.05 | 0.07 | 0.07 | 0.08 | 0.07 | 0.06 | 0.06 | 0.02 | 0.04 |
Share Based Compensation of Revenue |
6.67% | 4.15% | 2.30% | 3.00% | 1.24% | 2.58% | 2.40% | 2.66% | 0.76% | 0.83% |
Graham Net Nets |
1.17 | 0.25 | 1.10 | 0.57 | 0.91 | 1.15 | 1.40 | 1.73 | 1.63 | 0.33 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.12 | 5.74 | 5.06 | 1.06 | 91.21 |
Earnings Yield |
(9.11%) | (3.39%) | (17.35%) | (15.11%) | (6.92%) | 0.61% | 16.96% | 14.29% | 0.50% | 236.67% |
Free Cash Flow Yield |
4.58% | (5.53%) | (28.49%) | (36.86%) | (77.91%) | (90.62%) | (35.18%) | 35.18% | 3.14% | 9.94% |
Revenue per Share |
2.10 | 3.02 | 3.44 | 2.67 | 2.76 | 3.57 | 5.08 | 5.57 | 5.07 | 7.39 |
Operating CF per Share |
0.25 | (0.21) | (0.53) | (0.68) | (0.21) | 0.29 | 0.76 | 0.39 | 0.49 | 0.52 |
Capex per Share |
(0.21) | (0.14) | (0.09) | (0.22) | (0.19) | (0.20) | (0.22) | (0.07) | (0.13) | (0.09) |
Free Cash Flow per Share |
0.05 | (0.36) | (0.62) | (0.89) | (0.40) | 0.10 | 0.54 | 0.33 | 0.36 | 0.43 |
Cash per Share |
5.71 | 5.61 | 4.77 | 3.93 | 3.78 | 3.57 | 3.88 | 4.16 | 4.51 | 4.90 |
Shareholders Equity per Share |
6.08 | 5.77 | 5.14 | 4.37 | 4.30 | 4.51 | 4.59 | 4.96 | 4.98 | 22.04 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.08 | 5.77 | 5.14 | 4.37 | 4.30 | 4.51 | 4.59 | 4.96 | 4.98 | 22.04 |
Free Cash Flow |
3.12 | (23.62) | (41.35) | (60.18) | (26.80) | 6.40 | 36.14 | 21.24 | 22.74 | 26.84 |
Working Capital |
318.90 | 289.09 | 254.86 | 205.30 | 199.01 | 174.05 | 203.89 | 199.29 | 236.30 | 191.22 |
Capital Expenditures |
(13.85) | (9.40) | (5.74) | (14.53) | (12.89) | (13.08) | (14.97) | (4.48) | (8.23) | (5.64) |
Net Current Asset Value |
308.76 | 280.18 | 251.65 | 187.44 | 177.05 | 154.98 | 177.28 | 182.16 | 206.92 | 140.27 |
EV/EBIT |
2.83 | 0.00 | 2.07 | 0.00 | 2.03 | 19.50 | 0.00 | 89.54 | 8.37 | 34.19 |
Capex to Sales |
0.10 | 0.05 | 0.02 | 0.08 | 0.07 | 0.05 | 0.04 | 0.01 | 0.03 | 0.01 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.55 | 0.00 | 0.00 | 66.61 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.40 | 0.41 | 0.31 | 0.33 | 0.28 | 0.16 | 0.06 | 0.10 | 0.13 | 0.17 |
Cash ROIC |
0.40% | (3.13%) | (6.23%) | (10.43%) | (4.72%) | 1.14% | 6.01% | 3.44% | 3.58% | 1.53% |
Accounts Receivable Turnover |
10.87 | 7.27 | 7.68 | 7.70 | 7.38 | 9.72 | 12.22 | 11.93 | 10.12 | 9.11 |
Accounts Payable Turnover |
2.90 | 2.83 | 3.19 | 4.27 | 4.13 | 5.04 | 7.72 | 8.05 | 6.56 | 7.48 |
Inventory Turnover |
187.19 | 55.43 | 13.98 | 10.98 | 25.51 | 76.79 | 219.84 | 149.96 | 89.56 | 292.99 |
Average Days of Payables |
152.42 | 154.26 | 71.41 | 88.45 | 81.34 | 81.27 | 46.40 | 44.44 | 53.88 | 63.06 |
Days of Inventory on Hand |
1.71 | 12.01 | 39.97 | 20.23 | 6.80 | 4.19 | 0.83 | 4.04 | 2.94 | 0.61 |
Average Receivables |
12.90 | 27.58 | 30.01 | 23.46 | 25.26 | 24.56 | 27.95 | 30.49 | 31.94 | 50.54 |
Average Payables |
27.56 | 41.60 | 36.22 | 23.42 | 22.43 | 23.53 | 25.92 | 24.93 | 23.70 | 32.46 |
Average Inventory |
0.43 | 2.13 | 8.27 | 9.10 | 3.63 | 1.54 | 0.91 | 1.34 | 1.74 | 0.83 |
Average Assets |
524.08 | 521.62 | 494.43 | 440.06 | 420.15 | 428.16 | 452.02 | 466.00 | 471.29 | 1,052.91 |
Average Common Equity |
425.47 | 394.54 | 363.51 | 319.85 | 292.95 | 296.07 | 305.09 | 315.95 | 320.63 | 845.15 |
Columns are period end dates