14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $460M | $1.0B | 47.2% | 1.4% | $27M | $76M | $157M |
| 2024 | $323M | $1M | 51.9% | -4.9% | $23M | $29M | $177M |
| 2023 | $364M | $14M | 44.8% | -0.4% | $22M | $22M | $171M |
| 2022 | $341M | $21M | 41.4% | 2.9% | $36M | — | $177M |
| 2021 | $239M | $1M | 50.3% | -1.8% | $6M | — | $123M |
| 2020 | $186M | -$14M | 50.3% | -10.1% | -$27M | $20M | $137M |
| 2019 | $181M | -$53M | 44.7% | -31.2% | -$49M | $11M | $162M |
| 2018 | $231M | -$39M | 49.8% | -19.2% | -$37M | — | $123M |
| 2017 | $201M | -$38M | 41.2% | -27.0% | -$20M | — | $233M |
| 2016 | $140M | -$24M | 43.0% | -29.6% | $3M | — | $200M |
| 2015 | — | -$13M | — | — | $9M | — | $362M |
| 2014 | $183M | $11M | 42.7% | 4.6% | — | — | $404M |
| 2013 | $180M | $11M | 37.7% | 9.8% | — | — | $94M |
| 2012 | $148M | $503000 | 38.1% | 1.4% | — | — | $82M |
How the market has priced XNET against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Xunlei Ltd's revenue has grown 19.8% per year. These are computed facts, not advice.
As of FY2025, Xunlei Ltd reported $76M of total debt against $157M of cash; operating income covered interest expense 3.9×.
In FY2025, gross margin was 47.2%, operating margin 1.4%, and net margin 227.7%.
As of Jun '26, Xunlei Ltd traded at a price-to-earnings ratio of about 1.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.