NASDAQ$XWEL

XpresSpa Group Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

XWELL, Inc. reported a net loss of $11.0 million for the first quarter of 2026 amid a capital restructuring and private placement.

XWELL, Inc. generated $6.6 million in revenue for Q1 2026, down 5% year-over-year, with a gross profit of $2.4 million. The company completed a $28.3 million net private placement of Series H Preferred Stock and used proceeds to repurchase prior securities, resulting in a working capital surplus of $11.4 million. Operating expenses rose sharply due to higher legal, consulting, and stock-based compensation costs.

  • Revenue declined 5% to $6.6 million, primarily due to lower XpresTest surge billing and the wind-down of the HyperPointe segment.
  • Gross profit increased to $2.4 million as cost of sales fell 25% from reduced labor and occupancy expenses.
  • Net loss widened to $11.0 million, driven by a $5.6 million loss on derivative fair value changes and elevated G&A expenses.
  • Liquidity strengthened significantly after a $28.3 million Series H Preferred Stock placement, yielding $16.8 million in cash and a positive working capital position.

Headline financials

Total Revenue

$6.64M

Previous: $7.02M-5.5%
EPS (adj)

-$1.51

Previous: -$1.00-51.0%
Total operating expenses

$7.77M

No prior period
General and administrative

$7.6M

No prior period
Total current assets

$19.7M

No prior period
Marketable securities

$7K

No prior period
Capital Expenditures

-$390K

Previous: -$424K+8.0%
Free Cash Flow

-$4.99M

No prior period
Net Income

-$11.2M

Previous: -$4.59M-144.2%
Operating Income

-$5.41M

Previous: -$3.16M-71.4%
Gross Profit

$2.35M

Previous: $1.32M+78.4%
Cash & Equivalents

$16.8M

No prior period
Total Assets

$25M

No prior period

Revenue & EPS history

XpresSpa · Revenue · Quarterly

$6.64M

Q1 2026-5.5%vs Q1 2025
Beat estimate in 3 of 10 quarters(30%)
ActualEstimate

Revenue by segment

XpresSpa · $6.64M total across 3 segments · Q1 2026

  • XpresSpa
    $4.2M
  • XpresTest
    $1.92M
  • Naples Wax
    $524K

Forward guidance

Management believes current cash and expected operating cash flows provide sufficient liquidity to fund operations for at least the next twelve months.

Tailwinds

  • Completed $28.3 million net private placement strengthening balance sheet
  • Simplified capital structure by repurchasing Series G Preferred and notes
  • Working capital turned to a $11.4 million surplus

Headwinds

  • Continued operating losses and negative cash flow from operations
  • Ongoing dependence on cost controls and strategic initiatives

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.1%

Avg return

Earnings day

-2.3%

Avg return

5 days after

-4.5%

Avg return

30 days after

43%

16 / 37 earnings

Positive

+24.4%

Q4 2019

Best reaction

-11.1%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q3 2025+0.0%-8.4%-9.6%
Q2 2025-5.8%-8.3%-8.3%
Q1 2025+1.2%+12.8%+9.3%
Q4 2024+0.0%+0.0%+15.4%
Q3 2024-1.2%-10.6%-24.1%
Q2 2024+3.7%+0.5%-14.8%
Q1 2024+3.4%-8.4%+41.6%
Q4 2023+0.0%+0.7%+32.1%
Q3 2023+6.2%+35.4%+31.1%
Q2 2023-4.2%-4.2%-25.0%
Q1 2023+0.0%+4.2%+4.2%
Q4 2022+6.3%-9.4%-21.9%
Q3 2022+0.0%-12.3%-10.5%
Q2 2022-6.5%-5.4%+9.7%
Q1 2022-1.1%-18.7%-22.0%
Q4 2021+8.2%+52.0%+11.2%
Q3 2021+11.7%+13.1%+25.5%
Q2 2021-6.9%-13.1%-2.9%
Q4 2020+6.4%-3.5%-20.8%
Q3 2020-1.1%-13.4%-22.5%
Q2 2020-6.5%-4.2%-42.9%
Q1 2020-7.5%-5.5%+6.5%
Q4 2019+24.4%+26.8%+17.1%
Q3 2019+2.0%-5.9%-41.6%
Q2 2019+0.0%+21.2%+31.9%
Q1 2019+7.8%-9.0%-40.0%
Q4 2018+0.3%-12.0%-22.7%
Q3 2018+0.0%+0.0%+11.1%
Q2 2018+0.0%-25.0%-20.0%
Q1 2018-4.8%-31.7%-20.6%
Q4 2017-11.1%-24.7%-17.3%
Q3 2017-0.8%-4.0%-6.5%
Q2 2017+11.5%+4.4%+9.7%
Q1 2017+4.9%+1.9%+5.6%
Q4 2016+0.9%-9.7%-20.8%
Q3 2016+0.8%-8.0%-15.6%
Q2 2016-1.9%-1.0%+1.9%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011

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