XWELL, Inc. (XWEL)

From the record

XWELL, Inc.'s filings since 2017 show 23 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 10 times, the latest 2026-10-20); a warning not to rely on past financial statements (8-K item 4.02, the latest 2024-04-12); an auditor change (8-K item 4.01, 3 times, the latest 2025-04-21); a late-report notice (Form NT 10-K or NT 10-Q, 9 times, the latest 2026-05-15) (its current reports).

From the record

XWELL, Inc.'s 10 filed years say what it did: revenue went from $12 million in fiscal 2016 to $29 million in fiscal 2025, up 10.4% a year; it rose in 4 of 9 years; the deepest fall was 83% from fiscal 2018 to fiscal 2020; net income was positive in 1 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, XWELL, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 67 cents per dollar of everything the company owns. Leverage: it owed about 298 cents per dollar of assets, and net share issuance: its share count grew 20.6% over the year (the filed statements).

From the record

XWELL, Inc.'s standing among 11 graded names in its industry family: revenue of $29 million in fiscal 2025 ranks in the bottom 5% by size; a net margin of -58.2% ranks in the bottom 5%; revenue growth of -19.5% a year over the last 3 filed years ranks in the bottom 5% (its annual reports).

From the record

XWELL, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Ernst, Ezra (President and CEO, as filed), filing under that title since 2022-01-19, 4.8 years (bottom 45% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 5.7 years (bottom 39%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

XWELL, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3 million against no long-term debt tagged leaves 23.3% of its assets as net cash, top 5% of its family; cash from operations less capital spending is -40% of revenue (bottom 5%); a gross margin of 25.7% (bottom 19%) (its annual report).

From the record

XWELL, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -19.5% a year over the last three filed years against 10.4% over all 10, slowing (bottom 5% of its family); the newest year grew -13.8% (bottom 5%); research spending grew -23.9% a year (bottom 25%); capital spending grew -22.9% a year (bottom 25%) (its annual reports). XWELL, Inc. reported 2 product lines in fiscal 2025: Service at $26 million (90%), Product at $3 million (10%); 0 of 2 grew against the year before (its annual report).

From the record

XWELL, Inc.'s newest year against its own record: revenue of $29 million in fiscal 2025 came in 10.7% above the $26 million its prior three years' pace pointed to (top 15% of its family); net income of $17 million against a prior three-year average of $26 million (top 45%); a net margin of -58.2% against -66.9% before (top 15%) (its annual reports).