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Xunlei Ltd

XNET Clue Score78
CIK 0001510593
$5.01 +4.16% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $5.01 +71.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue140.2Operating income−41.5Net income−24.1EPS, diluted−0.07Fiscal year 2017Revenue200.6 +43.1%Operating income−54.2Net income−37.8EPS, diluted−0.11Fiscal year 2018Revenue230.6 +15.0%Operating income−44.3Net income−39.3EPS, diluted−0.12Fiscal year 2019Revenue180.7 −21.7%Operating income−56.4Net income−53.2EPS, diluted−0.16Fiscal year 2020Revenue186.4 +3.2%Operating income−18.8Net income−13.8EPS, diluted−0.04Fiscal year 2021Revenue238.8 +28.1%Operating income−4.3Net income1.2EPS, diluted0.00Fiscal year 2022Revenue341.5 +43.0%Operating income10.1Net income21.5 +1,702.1%EPS, diluted0.06 +1,722.9%Fiscal year 2023Revenue363.7 +6.5%Operating income−1.6Net income14.2 −33.7%EPS, diluted0.04 −31.8%Fiscal year 2024Revenue323.1 −11.2%Operating income−15.7Net income1.2 −91.5%EPS, diluted0.00 −91.3%Fiscal year 2025Revenue460.4 +42.5%Operating income6.6Net income1,048.3 +86,177.0%EPS, diluted3.31 +87,071.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 140.2 200.6 230.6 180.7 186.4 238.8 341.5 363.7 323.1 460.4
Growth +43.1% +15.0% −21.7% +3.2% +28.1% +43.0% +6.5% −11.2% +42.5%
Operating income −41.5 −54.2 −44.3 −56.4 −18.8 −4.3 10.1 −1.6 −15.7 6.6
Net income −24.1 −37.8 −39.3 −53.2 −13.8 1.2 21.5 14.2 1.2 1,048.3
Growth +1,702.1% −33.7% −91.5% +86,177.0%
EPS, diluted −0.07 −0.11 −0.12 −0.16 −0.04 0.00 0.06 0.04 0.00 3.31
Growth +1,722.9% −31.8% −91.3% +87,071.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin43.0%Operating margin−29.6%Net margin−17.2%Free cash flow margin2.3%Fiscal year 2017Gross margin41.2%Operating margin−27.0%Net margin−18.9%Free cash flow margin−9.7%Fiscal year 2018Gross margin49.8%Operating margin−19.2%Net margin−17.0%Free cash flow margin−16.1%Fiscal year 2019Gross margin44.7%Operating margin−31.2%Net margin−29.4%Free cash flow margin−27.0%Fiscal year 2020Gross margin50.3%Operating margin−10.1%Net margin−7.4%Free cash flow margin−14.7%Fiscal year 2021Gross margin50.3%Operating margin−1.8%Net margin0.5%Free cash flow margin2.6%Fiscal year 2022Gross margin41.4%Operating margin2.9%Net margin6.3%Free cash flow margin10.6%Fiscal year 2023Gross margin44.8%Operating margin−0.4%Net margin3.9%Free cash flow margin6.0%Fiscal year 2024Gross margin51.9%Operating margin−4.9%Net margin0.4%Free cash flow margin7.1%Fiscal year 2025Gross margin47.2%Operating margin1.4%Net margin227.7%Free cash flow margin5.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 43.0% 41.2% 49.8% 44.7% 50.3% 50.3% 41.4% 44.8% 51.9% 47.2%
Operating margin −29.6% −27.0% −19.2% −31.2% −10.1% −1.8% 2.9% −0.4% −4.9% 1.4%
Net margin −17.2% −18.9% −17.0% −29.4% −7.4% 0.5% 6.3% 3.9% 0.4% 227.7%
Free cash flow margin 2.3% −9.7% −16.1% −27.0% −14.7% 2.6% 10.6% 6.0% 7.1% 5.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow17.0Capital expenditure−13.8Free cash flow3.2Buybacks0.7Fiscal year 2017Operating cash flow−14.2Capital expenditure−5.3Free cash flow−19.5 −707.8%Fiscal year 2018Operating cash flow−35.6Capital expenditure−1.4Free cash flow−37.0Fiscal year 2019Operating cash flow−45.6Capital expenditure−3.1Free cash flow−48.7Fiscal year 2020Operating cash flow−13.9Capital expenditure−13.6Free cash flow−27.5Fiscal year 2021Operating cash flow19.5Capital expenditure−13.2Free cash flow6.3Fiscal year 2022Operating cash flow51.1Capital expenditure−15.0Free cash flow36.1 +475.7%Fiscal year 2023Operating cash flow25.7Capital expenditure−4.0Free cash flow21.7 −39.9%Fiscal year 2024Operating cash flow31.0Capital expenditure−8.0Free cash flow23.0 +5.6%Fiscal year 2025Operating cash flow32.5Capital expenditure−5.3Free cash flow27.1 +18.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 17.0 −14.2 −35.6 −45.6 −13.9 19.5 51.1 25.7 31.0 32.5
Capital expenditure −13.8 −5.3 −1.4 −3.1 −13.6 −13.2 −15.0 −4.0 −8.0 −5.3
Free cash flow 3.2 −19.5 −37.0 −48.7 −27.5 6.3 36.1 21.7 23.0 27.1
Growth −707.8% +475.7% −39.9% +5.6% +18.2%
Buybacks 0.7 n/a n/a n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash199.5Shareholders’ equity408.2Fiscal year 2017Cash233.5Shareholders’ equity385.0Fiscal year 2018Cash122.9Shareholders’ equity345.3Fiscal year 2019Cash162.5Total debt11.3Net cash (debt)151.1Shareholders’ equity296.9Debt to equity0.04Fiscal year 2020Cash137.2Total debt19.9Net cash (debt)117.3Shareholders’ equity292.2Debt to equity0.07Fiscal year 2021Cash123.4Shareholders’ equity303.6Fiscal year 2022Cash177.2Shareholders’ equity309.9Fiscal year 2023Cash170.8Total debt22.4Net cash (debt)148.4Shareholders’ equity324.9Debt to equity0.07Fiscal year 2024Cash177.3Total debt27.8Net cash (debt)149.5Shareholders’ equity318.1Debt to equity0.09Fiscal year 2025Cash157.0Total debt42.0Net cash (debt)115.1Shareholders’ equity1,373.5Debt to equity0.03
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 199.5 233.5 122.9 162.5 137.2 123.4 177.2 170.8 177.3 157.0
Total debt n/a n/a n/a 11.3 19.9 n/a n/a 22.4 27.8 42.0
Net cash (debt) n/a n/a n/a 151.1 117.3 n/a n/a 148.4 149.5 115.1
Shareholders’ equity 408.2 385.0 345.3 296.9 292.2 303.6 309.9 324.9 318.1 1,373.5
Debt to equity n/a n/a n/a 0.04 0.07 n/a n/a 0.07 0.09 0.03

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
43.0% 41.2% 49.8% 44.7% 50.3% 50.3% 41.4% 44.8% 51.9% 47.2%
−29.6% −27.0% −19.2% −31.2% −10.1% −1.8% 2.9% −0.4% −4.9% 1.4%
−23.7% −23.2% −17.7% −27.0% −7.0% 0.4% 7.4% 5.1% −0.7% 227.3%
−17.2% −18.9% −17.0% −29.4% −7.4% 0.5% 6.3% 3.9% 0.4% 227.7%
2.3% −9.7% −16.1% −27.0% −14.7% 2.6% 10.6% 6.0% 7.1% 5.9%
Spending
43.6% 33.4% 33.3% 38.0% 29.8% 25.9% 19.8% 20.4% 22.1% 17.4%
18.6% 18.2% 17.7% 21.5% 18.2% 15.4% 11.6% 12.9% 14.2% 9.7%
9.8% 2.7% 0.6% 1.7% 7.3% 5.5% 4.4% 1.1% 2.5% 1.2%
n/a n/a n/a n/a n/a −12.7% 16.0% 22.5% n/a −0.1%
Returns
−5.9% −9.8% −11.4% −17.9% −4.7% 0.4% 6.9% 4.4% 0.4% 76.3%
−4.7% −7.1% −8.6% −12.5% −3.3% 0.3% 4.6% 3.0% 0.3% 64.2%
Balance and payout
n/a n/a n/a 0.04 0.07 n/a n/a 0.07 0.09 0.03
20.3% 28.2% 24.4% 30.4% 30.1% 31.5% 33.4% 31.0% 32.9% 15.9%
−22.2% n/a n/a n/a n/a n/a n/a n/a n/a n/a