secwatch.observer — SEC 8-K summary
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Issuer:     XWELL, Inc. (XWEL)
CIK:        0001410428
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001104659-26-038550
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410428/000110465926038550/0001104659-26-038550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410428/000110465926038550/tm2610928d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-038550

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer