Saturday 17 October 2026 Export XNET’s income statement to Excel — free account

Xunlei Limited

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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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.66%

Capital & Financial Ratios $m

Market Cap 295.75

Revenue 523.31

Net Income 1,047.61

Free Cash Flow 43.90

Net Debt (220.33)

Current Ratio 2.03

Debt/Equity 0.06

P/E ratio 0.00

Fwd P/E —

P/S ratio 0.51

P/B ratio 0.27

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth —

Next 5Y EPS Growth 19.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 27.90%

10-year low 10-year high

P/B against its own 10 years 3.58%

10-year low 10-year high

EV/Sales against its own 10 years 9.34%

10-year low 10-year high

EV/FCF against its own 10 years 33.91%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	272	288	305	277
Receivables	31	33	68	24
Inventory	2	1	0	1
Other	22	42	26	32
	327	363	400	334

	2023	2024	2025	Q'26
Payables	24	23	42	20
ST’ Debt	7	2	37	31
Other	36	40	43	42
	128	127	208	165

Compound Annual Growth %

	10y	5y	3y
Sales	13.51%	19.83%	10.47%
Cash Flow	8.96%	0.00%	(14.03%)
Earnings	0.00%	0.00%	265.53%
Book Value	11.93%	36.43%	64.48%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	98	102	—	—	—
’25	64	74	126	197	460
’24	80	79	80	84	323
’23	99	104	84	77	364
’22	79	78	104	81	341
’21	53	55	60	71	239
’20	48	44	44	50	186

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	32	32
’24	—	—	—	31	31
’23	—	—	—	—	26
’22	—	—	—	—	51
’21	—	—	—	—	19
’20	—	—	—	—	(14)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	27	27
’24	—	—	—	23	23
’23	—	—	—	(4)	21
’22	—	—	—	(15)	36
’21	—	—	—	(13)	6
’20	—	—	—	(13)	(27)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(2.77)	(3.43)	—	—	—
’25	(0.01)	11.48	8.60	(3.64)	16.56
’24	0.06	0.04	0.07	(0.16)	0.02
’23	0.02	0.08	0.07	0.06	0.22
’22	0.08	0.09	0.08	0.07	0.32
’21	0.10	0.00	(0.08)	(0.01)	0.02
’20	(0.08)	(0.17)	(0.02)	0.07	(0.20)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3.73	3.11	3.39	1.87	2.38	1.84	0.85	1.28	1.45	1.90	Analyst estimates 2026–2028 Powerpack
	High	7.66	27.00	24.99	7.20	5.94	11.22	2.16	2.23	2.41	11.03
People
People	Employees	1,223	1,125	1,165	1,070	595	918	1,097	1,215	1,216	1,306
	Revenue/emp, $m	0.11	0.18	0.20	0.17	0.31	0.26	0.31	0.30	0.27	0.35
Income, $m
Income, $m	Revenue	140	201	231	181	186	239	341	364	323	460
	Gross margin, %	42.99	41.23	49.84	44.70	50.29	50.33	41.42	44.83	51.86	47.25
	EBT	(33)	(46)	(41)	(49)	(13)	1	25	18	(2)	1,046
	EBT margin, %	(23.73)	(23.17)	(17.73)	(26.98)	(6.97)	0.41	7.44	5.06	(0.73)	227.25
	Net income	(24)	(38)	(39)	(53)	(14)	1	21	14	1	1,048
	Depreciation	8	10	7	13	14	9	4	6	7	10
Per share, $
Per share, $	Revenue	2.10	3.02	3.44	2.67	2.76	3.57	5.08	5.57	5.07	7.39
	Earnings	(0.36)	(0.57)	(0.59)	(0.79)	(0.20)	0.02	0.32	0.22	0.02	16.83
	Cash flow	0.25	(0.21)	(0.53)	(0.68)	(0.21)	0.29	0.76	0.39	0.49	0.52
	Capex	(0.21)	(0.14)	(0.09)	(0.22)	(0.19)	(0.20)	(0.22)	(0.07)	(0.13)	(0.09)
	Free cash flow	0.05	(0.36)	(0.62)	(0.89)	(0.40)	0.10	0.54	0.33	0.36	0.43
	Book value	6.08	5.77	5.14	4.37	4.30	4.51	4.59	4.96	4.98	22.04
	Shares, m	67	66	67	68	67	67	67	65	64	62
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	163.41	5.90	7.00	199.00	0.42
	P/S	1.88	5.56	0.99	1.83	1.05	0.56	0.37	0.29	0.39	0.96
	P/B	0.65	2.91	0.66	1.12	0.67	0.45	0.41	0.32	0.40	0.32
	EV/Sales	(0.84)	3.70	(0.40)	0.45	(0.20)	(0.35)	(0.30)	(0.40)	(0.41)	0.49
	EV/FCF	(9.71)	(12.05)	1.41	(0.67)	0.25	0.69	2.31	(3.90)	(33.03)	5.16
Cash, $m
Cash, $m	Operating cash flow	17	(14)	(36)	(46)	(14)	19	51	26	31	32
	Capex	(14)	(9)	(6)	(15)	(13)	(13)	(15)	(4)	(8)	(6)
	Free cash flow	3	(24)	(41)	(60)	(27)	6	36	21	23	27
Balance, $m
Balance, $m	Working capital	319	289	255	205	199	174	204	199	236	191
	Total debt	—	—	—	16	22	20	32	22	29	76
	Net debt	(381)	(372)	(319)	(249)	(233)	(219)	(229)	(249)	(258)	(230)
	Shareholders’ equity	406	383	344	296	290	302	308	323	318	1,373
Returns, %
Returns, %	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
	ROE	(5.67)	(9.59)	(10.81)	(16.62)	(4.72)	0.40	7.03	4.50	0.38	124.03

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SUPX SuperX AI Technology Limited	$325.4M	—	—	—	—	−135,337.38% (below 0%: shrinking)	—	—	Compare
IMXI INTERNATIONAL MONEY EXPRESS, INC.	$319.6M	16.4×	29.3×	−18.60% (below 0%: shrinking)	−62.16% (below 0%: shrinking)	+203.48% (above 0%: growing)	20.76%	6.67%	Compare
TLS Telos Corporation	$319.1M	— (loss-making)	— (loss-making)	+32.74% (above 0%: growing)	n/m	+42.95% (above 0%: growing)	34.96%	0.65%	Compare
KDK Kodiak AI, Inc.	$319.0M	— (loss-making)	—	+595.63% (above 0%: growing)	n/m	−60.60% (below 0%: shrinking)	100.00%	(1,248.27%)	Compare
XNET Xunlei Limited	$295.8M	— (loss-making)	—	+38.73% (above 0%: growing)	n/m	+309.97% (above 0%: growing)	56.13%	(4.67%)
PSFE Paysafe Limited	$295.5M	— (loss-making)	— (loss-making)	+4.49% (above 0%: growing)	n/m	−148.29% (below 0%: shrinking)	54.48%	(2.84%)	Compare
ARQQ Arqit Quantum Inc.	$276.7M	175×	— (loss-making)	+1,196.45% (above 0%: growing)	n/m	−12,314.98% (below 0%: shrinking)	0.00%	0.00%	Compare
BKKT Bakkt Holdings, Inc.	$265.9M	— (loss-making)	27.0×	−70.05% (below 0%: shrinking)	n/m	−401.44% (below 0%: shrinking)	1.30%	(11.53%)	Compare
MOVE Corvex, Inc.	$265.4M	— (loss-making)	— (loss-making)	+3,590.29% (above 0%: growing)	n/m	−91.41% (below 0%: shrinking)	44.28%	(400.32%)	Compare
Median of peers	$307.3M	—	—	+32.74%	—	−119.85%	34.96%	(2.84%)

All 173 Software Infrastructure stocks →

Xunlei Limited (XNET) key facts

Strength: Xunlei Limited’s revenue for fiscal 2025 (year ended December 2025) was $460.4 million, up 42.5% from fiscal 2024.
Xunlei Limited (XNET) is a Software Infrastructure company in the Technology sector, traded in the US as an ADR.
As of October 16, 2026, XNET traded at $4.20, a market capitalization of $295.8 million.
Return on equity was 124.0% and debt-to-equity 0.06.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.23 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.