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Xunlei 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.

Price
$5.01
0.00% on the day · September 25, 2026
52-week range $4.52 to $11.03
Market cap
$1.6B
Revenue (FY2025)
$462.4M
+42.5% year on year
Net margin
226.7%

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

Revenue
FY18: $230.6M $230.6M FY18FY19: $181.3M $181.3M FY19FY20: $186.7M $186.7M FY20FY21: $239.6M $239.6M FY21FY22: $342.6M $342.6M FY22FY23: $364.9M $364.9M FY23FY24: $324.4M $324.4M FY24FY25: $462.4M $462.4M FY25
Net income
FY18: -$39.3M -$39.3M FY18FY19: -$53.2M -$53.2M FY19FY20: -$13.8M -$13.8M FY20FY21: $1.2M $1.2M FY21FY22: $21.5M $21.5M FY22FY23: $14.2M $14.2M FY23FY24: $1.2M $1.2M FY24FY25: $1B $1B FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$462.4M$6.6M$1B$3.31$27.1M
2024$324.4M-$15.7M$1.2M$0.00$23M
2023$364.9M-$1.6M$14.2M$0.04$21.7M
2022$342.6M$10.1M$21.5M$0.06$36.1M
2021$239.6M-$4.3M$1.2M$0.00$6.3M
2020$186.7M-$18.8M-$13.8M-$0.04-$27.5M

Latest SEC filings

What Xunlei Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 13, 2026
  2. June 26, 2026
  3. May 28, 2026
  4. April 28, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025
  5. March 16, 2026
  6. March 12, 2026
  7. March 3, 2026
  8. February 4, 2026
  9. November 14, 2025
  10. November 14, 2025

Recent insider filings (Forms 3, 4 and 144): 9, the latest on March 17, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about XNET

What does Xunlei Ltd do?

Xunlei Ltd is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker XNET.

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.