Xunlei Ltd
NASDAQ:XNET

Watchlist Manager
Xunlei Ltd Logo
Xunlei Ltd
NASDAQ:XNET
Watchlist
Price: 5.87 USD -1.01% Market Closed
Market Cap: $366.1m

Xunlei Ltd
Investor Relations

Xunlei Ltd. is a holding company, which provides shared cloud computing and blockchain technology services. The company is headquartered in Shenzhen, Guangdong. The company went IPO on 2014-06-24. The firm operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The firm's acceleration products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability. The firm's Xunlei Accelerator allows users to accelerate digital transmission over the Internet. Xunlei Accelerator also bridges users with diverse needs to other services it offers, such as Xunlei Media Player, which supports both online and offline video watching, and its various online games, including Web games and massively multiplayer online games (MMOGs), by recommending and providing links to these services on its user interface.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 12, 2026
AI Summary
Q4 2025

Revenue: Total Q4 revenue was $143.3 million, up 70% YoY; full-year 2025 revenue was $462.4 million, up 42.5% YoY.

Segment Strength: Subscription, cloud computing and live streaming all grew — notable jumps: Q4 cloud computing $46.1M (+102.7% YoY) and Q4 live streaming/IVAS $55.1M (+102.8% YoY).

Margins: Gross profit dollars rose but margins compressed — Q4 gross profit margin 43.0% (down from 51.7% a year ago); full-year margin 47.0% (down from 51.7%).

Profitability: Operating income turned positive: Q4 operating income $4.7M (vs. operating loss of $20.5M a year ago); full-year operating income $6.6M (vs. loss of $15.7M).

Large non-operating loss: Q4 net loss was $228.9M driven by other losses of $232.6M related to a decrease in fair value of the Arashi Vision investment; full-year net income was approximately $1.05 billion, driven by other income and realized/unrealized gains.

Balance sheet / cash: Cash, cash equivalents and short-term investments were $305.2M as of December 31, 2025 (up from $287.5M at year-end 2024).

Capital allocation: Sold 50% stake in OneThing to Kingsoft Cloud (management says buyer chosen for best return and strategic fit); management intends to use proceeds for R&D, product upgrades, market expansion and potentially shareholder returns (details TBD).

Share buybacks: Repurchased ~435,000 ADS in 2025 for ~$1.0M; total buybacks since June 4, 2024 about $6.5M.

Key Financials
Total revenue (Q4 2025)
$143.3 million
Total revenue (FY 2025)
$462.4 million
Subscription revenue (Q4 2025)
$42.1 million
Subscription revenue (FY 2025)
$154.8 million
Live streaming & other IVAS revenue (Q4 2025)
$55.1 million
Live streaming & other IVAS revenue (FY 2025)
$170.2 million
Cloud computing revenue (Q4 2025)
$46.1 million
Cloud computing revenue (FY 2025)
$137.4 million
Cost of revenues (Q4 2025)
$80.8 million
Gross profit (Q4 2025)
$61.7 million
Gross profit margin (Q4 2025)
43.0%
Gross profit (FY 2025)
$217.5 million
Gross profit margin (FY 2025)
47.0%
R&D expenses (Q4 2025)
$21.9 million
Sales & marketing expenses (Q4 2025)
$23.2 million
Operating income (Q4 2025)
$4.7 million
Operating income (FY 2025)
$6.6 million
Net loss (Q4 2025)
$228.9 million
Other losses, net (Q4 2025)
$232.6 million
Net income (FY 2025)
approximately $1.05 billion
Diluted loss per ADS (Q4 2025)
$3.64 loss
Non-GAAP diluted earnings per ADS (Q4 2025)
$0.08
Non-GAAP net income (FY 2025)
$18.5 million
Cash, cash equivalents & short-term investments (Dec 31, 2025)
$305.2 million
Share buybacks (2025)
~435,000 ADS repurchased for about $1.0 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jinbo Li
Chairman & CEO
No Bio Available
Mr. Yubo Zhang
President & Director
No Bio Available
Mr. Zhou Naijiang Ph.D., CFA
Chief Financial Officer
No Bio Available
Ms. Luhan Tang
Investor Relations Manager
No Bio Available

Contacts

Address
GUANGDONG
Shenzhen
20-23/F Block B, No.12 Building, No.18, Keji South Road, Yuehai Street, Nanshan
Contacts
+8675526035888.0
www.xunlei.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett