XWELL (XWEL) Q4 2025 earnings summary

Executive summary

• Achieved $29.2 million in revenue for fiscal 2025, with growth in off-airport wellness locations and expanded partnerships.

• Opened new wellness centers in New York's Penn Station and Florida, and secured a multiyear partnership with the Orlando Magic.

• Advanced global biosecurity initiatives, including a three-year CDC partnership extension and international expansion.

Financial highlights

• Revenue reached $29.2 million for the year ended December 31, 2025.

• Cost of sales decreased 13% year-over-year to $21.7 million.

• Operating expenses declined 10% to $23.2 million; general and administrative expenses fell 20%.

• Operating loss was $15.7 million, an improvement from $16.7 million in 2024.

• Net loss attributable to the company was $17.0 million, compared to $16.9 million in the prior year.

Outlook and guidance

• Strategic focus on expanding outside airports, diversifying access points, and elevating brand relevance.

• Plans to leverage new partnerships and biosecurity expertise for long-term value creation.