8-K - XWELL, Inc. | StockGist

AI Analysis

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XWELL, Inc. announced fiscal 2025 financial results with $29.2 million revenue, reduced operating expenses, and a subsequent $31.3 million private placement for debt reduction and working capital.

Key Takeaways

1Revenue of approximately $29.2 million for fiscal year 2025, comprising $18.6M XpresSpa, $8.3M XpresCheck, $2.3M Naples Wax Center.

2Total operating expenses decreased approximately 10% to $23.2 million versus prior year.

3Operating loss improved to approximately $15.7 million from $16.7 million prior year.

4Cash and equivalents of $2.6 million as of December 31, 2025; no long-term debt.

5Private placement in February 2026 raised $31.3 million gross proceeds for note repurchase, preferred stock redemption, and working capital.

6New wellness locations opened in Penn Station NYC and Florida; extended CDC biosecurity program.

Current Report Details

Event Type

Financial Results

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

2.02

and shall not be deemed to be “filed.” **SIGNATURES** Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this r

Financial Results

9.01

Financial Statements and Exhibits.** (d) Exhibits | Exhibit No. | | Description | |---|---|---| | 99.1 | | Press Release dated April 1, 2026* | | 104 | | Cover

Exhibits Only

Source Document

Results of Operations

Fiscal Year 2025

Metric	Value	Prior Period
Revenue	$29.20
Total Cost of Sales	$21.70	$25.00
Total Operating Expenses	$23.20	$25.60
Operating Loss	$15.70	$16.70
Net Loss Attributable to XWELL	$17.00	$16.90

Exhibits (2)

8-K

FORM 8-K

99.1

EXHIBIT 99.1