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%
Market cap
$295.8M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
2.23
Beneish M
3.52
Dividend safety
n/a
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
ROE
(5.67%) (9.59%) (10.81%) (16.62%) (4.72%) 0.40% 7.03% 4.50% 0.38% 124.03%
ROA
(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

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