---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-038550"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:57:35.900009+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XWELL reports FY 2025 revenue of $29.2M, net loss $17.0M; $31.3M private placement in Feb 2026

## Summary
- Revenue $29.2M: XpresSpa $18.6M, XpresCheck $8.3M, Naples Wax Center $2.3M.
- Operating loss $15.7M vs $16.7M prior year; net loss attributable to XWELL $17.0M vs $16.9M.
- Cost of sales down 13% YoY; G&A down 20%; total operating expenses down 10%.
- Opened new wellness location at NYC Penn Station in Dec 2025; expanded in Florida.
- Feb 2026 private placement raised ~$31.3M; funds to repurchase notes and redeem Series G Preferred.

## SEC filing metadata
- accession: 0001104659-26-038550
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465926038550/0001104659-26-038550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465926038550/tm2610928d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-038550
- JSON: https://secwatch.observer/filing/0001104659-26-038550.json
- Plain text: https://secwatch.observer/filing/0001104659-26-038550.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.