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

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Columns are period end dates