Stocks Technology XNET
NASDAQ · TechnologyXunlei Ltd (XNET)
Xunlei Ltd reported revenue of $462.4M in fiscal 2025, up 42.5% from a year earlier. Net income was $1B, a net margin of 226.7%. Operating cash flow minus capital spending left $27.1M of free cash flow in fiscal 2025. At December 31, 2025 it held $157M in cash against $42M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 28, 2026.
Key facts about Xunlei Ltd
- Net worth
- Xunlei Ltd has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $32.5M of cash; after $5.3M of capital spending, free cash flow was $27.1M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 28, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Xunlei Ltd does
Xunlei Ltd is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker XNET.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $462.4M | $1B | $3.31 | $27.1M |
| 2024 | $324.4M | $1.2M | $0.00 | $23M |
| 2023 | $364.9M | $14.2M | $0.04 | $21.7M |
| 2022 | $342.6M | $21.5M | $0.06 | $36.1M |
| 2021 | $239.6M | $1.2M | $0.00 | $6.3M |
| 2020 | $186.7M | -$13.8M | -$0.04 | -$27.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where XNET ranks in Technology
Latest SEC filings
What Xunlei Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 13, 2026
- June 26, 2026
- May 28, 2026
- April 28, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 43% to $462.4M versus the prior year; diluted EPS $3.31 versus $0.00.
- March 16, 2026
- March 12, 2026
- March 3, 2026
- February 4, 2026Activist stake changed SCHEDULE 13D/A
- November 14, 2025Activist stake changed SCHEDULE 13D/A
- November 14, 2025Passive stake changed SCHEDULE 13G/A
Insider trades
What the people running Xunlei Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns XNET
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Best Ventures Limited (previously known as Xiaomi Ventures Limited)13D, may seek influence with 1 related filers | 42.7% | November 14, 2025 |
| Itui International Inc.13D, may seek influence with 2 related filers | 42.3% | February 4, 2026 |
| Shenglong Zou ("Mr. Zou")13G, passive with 1 related filers | 5.5% | November 14, 2025 |
Largest institutional holders
Insiders
Questions about XNET
What does Xunlei Ltd do?
Xunlei Ltd is a company in the Technology sector, listed on NASDAQ as XNET. Its shares trade on NASDAQ under the ticker XNET.
What is Xunlei Ltd's net worth?
Xunlei Ltd has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Xunlei Ltd profitable?
Yes. In fiscal 2025 it reported net income of $1B on revenue of $462.4M, a net margin of 226.7%.
How much revenue does Xunlei Ltd make?
In fiscal 2025 Xunlei Ltd reported revenue of $462.4M. That is 42.5% more than a year earlier.
When did Xunlei Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 28, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 13, 2026.
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Where the numbers come from
Financial figures are the values Xunlei Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.