Business
XWELL operates airport spas, wellness services and off-airport beauty and wellness locations.
XWELL's airport-wellness revenue declined and losses and cash burn persisted, while financing alleviated prior going-concern doubt but material weaknesses remained.
The read at a glance✓ Audited against SEC data
- Growth — Revenue declined 13.8%Watch
- Profitability — The net loss widened from $16.85M to $16.99MWatch
- Cash flow — Free cash flow remained negative, with the outflow narrowing from $12.79M to $11.68MOK
- Margins — Operating margin contracted 436 bps to -53.65%Watch
- Accounting — Financing relief with unresolved controlsWatch
- Insiders — 0 purchases and 0 salesNote
Where the revenue comes from
Fiscal 2025, as XWELL, Inc. reports it. History and quarterly detail are in the app.
- Xpresspa$18.6M
- Xprestest$8.2M
- Naples Wax$2.3M
Leadership changes
From XWELL, Inc.'s own filings, the day they're filed.
- Ezra T. Ernst · Chief Executive Officer · departureeff. 2026-08-03
- Gerard Reid · director · departureeff. 2026-08-03
- Donald E. Stout · member of the board of directors · departureeff. 2024-01-01
Latest filings
- DEF 14A · Annual proxy (pay & governance)2026-10-08
- 8-K · Company announcement2026-10-08
- 10-Q · Quarterly report2026-08-14
- 8-K · Company announcement2026-08-05
- 8-K · Company announcement2026-07-09
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about XWELL, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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