XNET
Xunlei Limited
XNET lost money over the past year, so it has no meaningful PE right now.
XNET Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Strong |
XNET's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
XNET PE Valuation
XNET has no meaningful PE right now: it lost money over the past year.
XNET Forward outlook
There aren't enough analyst estimates for XNET to show an outlook.
XNET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$6.35 | -111% |
| Q1 2026 | $68.25 | +$69.00 |
| Q4 2025 | $82.03 | +$82.66 |
| Q3 2025 | $99.53 | +43174% |
| Q2 2025 | $56.61 | +25632% |
| Q1 2025 | -$0.75 | -388% |
| Q4 2024 | -$0.63 | -386% |
| Q3 2024 | $0.23 | +21% |
XNET has swung to a loss: it lost $6.35 per share over the past year, after a profit the year before.
XNET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $102.3M | -1.2% |
| Q1 2026 | $98.1M | +11% |
| Q4 2025 | $143.1M | +70% |
| Q3 2025 | $125.9M | +58% |
| Q2 2025 | $103.5M | +31% |
| Q1 2025 | $88.5M | +11% |
| Q4 2024 | $84M | +9.3% |
| Q3 2024 | $79.8M | -4.9% |
XNET's revenue is growing: $102M last quarter, down 1.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -4.7% | -5.7 points |
| Q1 2026 | 4.4% | +6.5 points |
| Q4 2025 | 3.3% | +28 points |
| Q3 2025 | 2.2% | +2.4 points |
| Q2 2025 | 1.1% | -0.1 points |
| Q1 2025 | -2.1% | -7.2 points |
| Q4 2024 | -24% | -24 points |
| Q3 2024 | -0.2% | +2.8 points |
XNET's operating margin was −4.7% last quarter, down 5.7 points from the same quarter a year ago.
XNET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $26.7M | +$26.7M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
XNET generated $27M in free cash flow over the past year, against $0 the year before.
XNET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +143K shares |
| 1 year | +0.5% | +61.9K shares |
| 3 years | -81% | -52.8M shares |
| 5 years | -81% | -55.8M shares |
| Available history | -81% | -55M shares |
XNET has 13M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $951,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
XNET spent $951,000 buying back its own shares over the past year, after none the year before.
XNET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q3 2024 | -5.8x | Net Cash |
| Q2 2024 | -5.4x | Net Cash |
| Q1 2024 | -4.9x | Net Cash |
XNET has more cash than debt.
XNET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.5 | Neutral |
| Stochastic | 13.6 | Oversold |
XNET's weekly RSI is 30 (neutral) and its Stochastic is 14 (oversold).
XNET PE vs Communication Services Sector
| Metric | XNET | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
XNET has no meaningful PE right now: it lost money over the past year.
XNET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.18 | 15% below |
| 20 week MA | $4.83 | 27% below |
| 50 week MA | $5.65 | 37% below |
| 100 week MA | $5.42 | 35% below |
| 200 week MA | $3.57 | 0.8% below |
XNET is in a downtrend: it's below all five of its weekly moving averages, and 0.8% below its 200-week average.
XNET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.60 | $2.93 | -36% |
| 2021 | $2.93 | $2.13 | -27% |
| 2022 | $2.13 | $1.95 | -8.5% |
| 2023 | $1.95 | $1.62 | -17% |
| 2024 | $1.62 | $2.06 | +27% |
| 2025 | $2.06 | $7.21 | +250% |
| 2026 YTD | $7.21 | $3.54 | -51% |
XNET has finished lower in four of the last six years. It's down 51% so far in 2026.