10-Q · May 20, 2026
In its Q4 2025 10-Q filing, XWELL, Inc. reported a revenue of $7.154 million, a decline of 5% from the previous year, with a dilutive EPS of -3.29, representing a significant decrease in operating performance. Gross…
Earnings analysis · 10-Q
XWEL earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
The supplied 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, or segment disclosures, so current-period financial metrics cannot be assessed. The principal filing signal is…
Read full summary
The supplied 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, or segment disclosures, so current-period financial metrics cannot be assessed. The principal filing signal is negative: management concluded controls were ineffective as of June 30, 2026 because of 5 material weaknesses. The proposed sale and the company’s post-sale business are now specifically emphasized as risk areas, while management’s 4-part remediation plan has uncertain effectiveness.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Five Material Control Weaknesses
Management concluded that disclosure controls and procedures were not effective as of June 30, 2026, citing 5 material weaknesses.
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Remediation Efforts Underway
Management has commenced 4 remediation actions, including engaging outside providers for lease and revenue accounting and an independent consulting firm for financial-statement preparation and U.S. GAAP research.
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Sale Transaction Remains Central
The filing incorporates a Securities Purchase Agreement dated July 6, 2026, indicating that the proposed sale transaction remains a central strategic development.
What to watch
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Material Weaknesses Raise Reporting Risk
The company identified 5 material weaknesses as of June 30, 2026, including deficiencies in lease accounting, revenue controls, financial-close monitoring, service-organization oversight, and foreign-subsidiary controls.
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Remediation Outcome Uncertain
The company warns that remediation may not be successful and that the weaknesses will continue until the efforts are completed; the remediation plan currently lists 4 actions.
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Sale and Post-Sale Execution Risk
The filing adds risks relating to the sale proposal and risks relating to the business following the sale, both incorporated from a preliminary proxy statement filed July 27, 2026.
Management's outlook
No quantitative revenue or EPS outlook is provided in the supplied 10-Q text; outlook is deferred to other company communications.
Earlier filings 4
10-K · April 30, 2026
XWELL, Inc. reported a disappointing financial performance for the fiscal year 2025, marked by a total revenue of $7,154,000 and a diluted EPS of -$3.29 in Q4. The company experienced a decline in gross margin to 40.8%,…
10-K · April 1, 2026
XWELL reports Q4 revenue of $7,154,000 and GAAP diluted EPS of -$3.29, with a volatile cost structure (Q4 gross margin 40.8% but operating margin -126.0%) and near‑breakeven free cash flow of -$748,000. The company is…
10-Q · November 14, 2025
XWELL reported Q3 2025 revenue of $7.345M, down from $8.422M in Q3 2024, with gross profit of $1.493M and an improved operating loss of $(0.770)M versus $(4.769)M in Q3 2024. Basic and diluted loss per share narrowed to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.