Xunlei Limited share price today
Xunlei Limited · XNET · Technology · Software - Infrastructure · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists
Xunlei Limited share price: $3.52 at the close on 4 November 2026, −55.2% in a year.
Xunlei Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.
The main question: yearly earnings per share moved +87,071.0% while the share price moved −55.2%.
The price has been between phases. Over the last four quarters, results have been mixed, and 8% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.
What is the Xunlei Limited share price today?
Xunlei Limited's share price was $3.52 at the close on 4 November 2026. That is 35.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $4 and $8, and at that close it was at the low of that range.
A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.
Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 9 weeks running.
Nov 2026: $3.52, 35.6% below its 200-day average.
- Price $3.52
- 50-day avg $4.58
- 200-day avg $5.47
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 11 Jul 2025 | $4.59 | – | – |
| 18 Jul 2025 | $4.47 | – | – |
| 25 Jul 2025 | $4.95 | – | – |
| 1 Aug 2025 | $4.41 | – | – |
| 8 Aug 2025 | $4.48 | – | – |
| 15 Aug 2025 | $6.39 | – | – |
| 22 Aug 2025 | $7.21 | – | – |
| 29 Aug 2025 | $7.23 | – | – |
| 5 Sep 2025 | $7.65 | – | – |
| 12 Sep 2025 | $7.55 | – | – |
| 19 Sep 2025 | $7.74 | $6.05 | – |
| 26 Sep 2025 | $8.42 | $6.40 | – |
| 3 Oct 2025 | $9.78 | $6.89 | – |
| 10 Oct 2025 | $8.48 | $7.42 | – |
| 17 Oct 2025 | $8.48 | $7.86 | – |
| 24 Oct 2025 | $9.30 | $8.30 | – |
| 31 Oct 2025 | $8.91 | $8.44 | – |
| 7 Nov 2025 | $7.86 | $8.57 | – |
| 14 Nov 2025 | $7.33 | $8.60 | – |
| 21 Nov 2025 | $6.71 | $8.55 | – |
| 28 Nov 2025 | $7.23 | $8.49 | – |
| 5 Dec 2025 | $7.17 | $8.42 | – |
| 12 Dec 2025 | $6.77 | $8.19 | – |
| 19 Dec 2025 | $7.01 | $7.83 | – |
| 26 Dec 2025 | $7.21 | $7.69 | – |
| 2 Jan 2026 | $7.26 | $7.56 | – |
| 9 Jan 2026 | $7.60 | $7.42 | – |
| 16 Jan 2026 | $7.66 | $7.33 | – |
| 23 Jan 2026 | $7.21 | $7.28 | – |
| 30 Jan 2026 | $6.15 | $7.18 | – |
| 6 Feb 2026 | $5.80 | $7.06 | – |
| 13 Feb 2026 | $5.79 | $6.93 | – |
| 20 Feb 2026 | $5.87 | $6.82 | – |
| 27 Feb 2026 | $5.72 | $6.71 | – |
| 6 Mar 2026 | $5.57 | $6.58 | – |
| 13 Mar 2026 | $7.00 | $6.48 | – |
| 20 Mar 2026 | $5.83 | $6.36 | – |
| 27 Mar 2026 | $5.58 | $6.15 | – |
| 2 Apr 2026 | $5.87 | $6.00 | – |
| 10 Apr 2026 | $5.80 | $5.89 | – |
| 17 Apr 2026 | $6.56 | $5.91 | – |
| 24 Apr 2026 | $6.44 | $5.99 | $6.86 |
| 1 May 2026 | $6.18 | $6.03 | $6.90 |
| 8 May 2026 | $6.39 | $6.06 | $6.95 |
| 15 May 2026 | $5.87 | $6.12 | $6.98 |
| 22 May 2026 | $5.48 | $6.08 | $7.00 |
| 29 May 2026 | $6.06 | $6.03 | $7.03 |
| 5 Jun 2026 | $4.66 | $5.96 | $7.00 |
| 12 Jun 2026 | $5.23 | $5.89 | $6.94 |
| 18 Jun 2026 | $4.96 | $5.84 | $6.91 |
| 26 Jun 2026 | $5.36 | $5.74 | $6.84 |
| 2 Jul 2026 | $5.64 | $5.67 | $6.81 |
| 10 Jul 2026 | $5.73 | $5.60 | $6.75 |
| 17 Jul 2026 | $5.77 | $5.57 | $6.69 |
| 24 Jul 2026 | $5.52 | $5.51 | $6.58 |
| 31 Jul 2026 | $5.34 | $5.46 | $6.48 |
| 7 Aug 2026 | $5.12 | $5.42 | $6.38 |
| 14 Aug 2026 | $5.25 | $5.37 | $6.28 |
| 21 Aug 2026 | $5.12 | $5.38 | $6.19 |
| 28 Aug 2026 | $5.01 | $5.36 | $6.11 |
| 4 Sep 2026 | $4.88 | $5.35 | $6.04 |
| 11 Sep 2026 | $4.90 | $5.29 | $6.00 |
| 18 Sep 2026 | $4.95 | $5.21 | $5.95 |
| 25 Sep 2026 | $5.01 | $5.13 | $5.89 |
| 2 Oct 2026 | $4.71 | $5.04 | $5.84 |
| 9 Oct 2026 | $5.01 | $4.97 | $5.79 |
| 16 Oct 2026 | $4.21 | $4.92 | $5.72 |
| 23 Oct 2026 | $3.85 | $4.81 | $5.64 |
| 30 Oct 2026 | $3.55 | $4.67 | $5.53 |
| 4 Nov 2026 | $3.52 | $4.58 | $5.47 |
Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Ahead in 9 of 57 weeks
| Week | 13-week return vs S&P 500 |
|---|---|
| 11 Jul 2025 | no S&P 500 reading |
| 18 Jul 2025 | no S&P 500 reading |
| 25 Jul 2025 | no S&P 500 reading |
| 1 Aug 2025 | no S&P 500 reading |
| 8 Aug 2025 | no S&P 500 reading |
| 15 Aug 2025 | no S&P 500 reading |
| 22 Aug 2025 | no S&P 500 reading |
| 29 Aug 2025 | no S&P 500 reading |
| 5 Sep 2025 | no S&P 500 reading |
| 12 Sep 2025 | no S&P 500 reading |
| 19 Sep 2025 | no S&P 500 reading |
| 26 Sep 2025 | no S&P 500 reading |
| 3 Oct 2025 | no S&P 500 reading |
| 10 Oct 2025 | +80.0% |
| 17 Oct 2025 | +83.8% |
| 24 Oct 2025 | +81.6% |
| 31 Oct 2025 | +92.3% |
| 7 Nov 2025 | +70.1% |
| 14 Nov 2025 | +10.3% |
| 21 Nov 2025 | −9.1% |
| 28 Nov 2025 | −5.9% |
| 5 Dec 2025 | −12.2% |
| 12 Dec 2025 | −14.0% |
| 19 Dec 2025 | −12.0% |
| 26 Dec 2025 | −18.7% |
| 2 Jan 2026 | −27.9% |
| 9 Jan 2026 | −16.7% |
| 16 Jan 2026 | −13.8% |
| 23 Jan 2026 | −24.2% |
| 30 Jan 2026 | −32.4% |
| 6 Feb 2026 | −29.1% |
| 13 Feb 2026 | −22.5% |
| 20 Feb 2026 | −17.1% |
| 27 Feb 2026 | −21.3% |
| 6 Mar 2026 | −20.4% |
| 13 Mar 2026 | +6.3% |
| 20 Mar 2026 | −12.1% |
| 27 Mar 2026 | −14.5% |
| 2 Apr 2026 | −15.1% |
| 10 Apr 2026 | −21.6% |
| 17 Apr 2026 | −17.0% |
| 24 Apr 2026 | −14.3% |
| 1 May 2026 | −3.7% |
| 8 May 2026 | +3.4% |
| 15 May 2026 | −7.0% |
| 22 May 2026 | −14.8% |
| 29 May 2026 | −4.3% |
| 5 Jun 2026 | −26.0% |
| 12 Jun 2026 | −37.3% |
| 18 Jun 2026 | −30.1% |
| 26 Jun 2026 | −18.9% |
| 2 Jul 2026 | −17.5% |
| 10 Jul 2026 | −12.3% |
| 17 Jul 2026 | −16.7% |
| 24 Jul 2026 | −17.8% |
| 31 Jul 2026 | −17.3% |
| 7 Aug 2026 | −24.7% |
| 14 Aug 2026 | −15.6% |
| 21 Aug 2026 | −9.3% |
| 28 Aug 2026 | −19.0% |
| 4 Sep 2026 | +0.3% |
| 11 Sep 2026 | −9.3% |
| 18 Sep 2026 | −2.2% |
| 25 Sep 2026 | −12.3% |
| 2 Oct 2026 | −19.8% |
| 9 Oct 2026 | −15.7% |
| 16 Oct 2026 | −29.7% |
| 23 Oct 2026 | −33.1% |
| 30 Oct 2026 | −34.7% |
| 4 Nov 2026 | −30.4% |
Over the last 1 year the share price moved −23% while the S&P 500 moved +23%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week.
This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.
What dividend does Xunlei Limited pay?
Xunlei Limited pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.
Which stock lists is Xunlei Limited on?
Xunlei Limited is on one of our US lists: US tech stocks.
Is Xunlei Limited profitable?
Xunlei Limited posted a net loss of $219 M in the Jun 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. Full-year FY25 profit was $1.0 B. Over 4 years profit has grown 454.5% a year on average. That loss is 214.0% of the quarter's revenue.
Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.
The same quarter a year earlier earned $2.5 M. 3 of the last 8 reported quarters were loss-making.
Read this profit with care: at −$219 M it is bigger than the quarter's whole revenue of $102 M. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a −4.7% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings.
FY25 profit $1.0 B, 454.5% a year over 4 years
- Net profit $1.0 B
| Quarter | Net profit |
|---|---|
| FY21 | $1.1 M |
| FY22 | $21.3 M |
| FY23 | $14.3 M |
| FY24 | $663 K |
| FY25 | $1.0 B |
Growth on a year earlier
- Growth on a year earlier −95.4%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 1,826.6% |
| FY23 | −33.2% |
| FY24 | −95.4% |
| FY25 | – |
Jun 2026: −$219 M
- Net profit (quarterly) −$219 M
| Quarter | Net profit (quarterly) |
|---|---|
| Sep 2023 | $4.4 M |
| Dec 2023 | $3.7 M |
| Mar 2024 | $3.6 M |
| Jun 2024 | $2.5 M |
| Sep 2024 | $4.4 M |
| Dec 2024 | −$9.9 M |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | −$175 M |
| Jun 2026 | −$219 M |
Growth on a year earlier
- Growth on a year earlier −365.6%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | −47.7% |
| Dec 2023 | 136.5% |
| Mar 2024 | 198.7% |
| Jun 2024 | −49.3% |
| Sep 2024 | 0.3% |
| Dec 2024 | −365.6% |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | – |
| Jun 2026 | – |
How much revenue does Xunlei Limited make, and is it growing?
Xunlei Limited reported $102 M of revenue in the Jun 2026 quarter. Over 4 years it has grown 17.8% a year on average. The last full year, FY25, came in at $460 M.
Revenue is everything the company billed its customers in the period.
The quarterly figures for FY25 do not add up to the full-year total on file, so those quarters are left out of the charts and sums.
FY25 revenue was $460 M, +42.5% on the year before.
FY25 revenue $460 M (+42.5% on the year before), 17.8% a year over 4 years
- Revenue $460 M
| Quarter | Revenue |
|---|---|
| FY21 | $239 M |
| FY22 | $341 M |
| FY23 | $364 M |
| FY24 | $323 M |
| FY25 | $460 M |
Growth on a year earlier
- Growth on a year earlier 42.5%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | 43% |
| FY23 | 6.5% |
| FY24 | −11.2% |
| FY25 | 42.5% |
Jun 2026: $102 M
- Revenue (quarterly) $102 M
| Quarter | Revenue (quarterly) |
|---|---|
| Sep 2023 | $83.9 M |
| Dec 2023 | $76.9 M |
| Mar 2024 | $80.0 M |
| Jun 2024 | $79.3 M |
| Sep 2024 | $79.8 M |
| Dec 2024 | $84.0 M |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | $98.1 M |
| Jun 2026 | $102 M |
Growth on a year earlier
- Growth on a year earlier 9.3%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | −4.7% |
| Dec 2023 | −20.5% |
| Mar 2024 | −19.1% |
| Jun 2024 | −23.7% |
| Sep 2024 | −4.9% |
| Dec 2024 | 9.3% |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | – |
| Jun 2026 | – |
How much of every $100 of sales does Xunlei Limited keep?
Xunlei Limited's operating margin was −4.7% in the Jun 2026 quarter. Across 5 years it has been between −1.4% and 2.9%. The latest quarter is below every full year in that period.
Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.
Why the margin moved: operating margin changed −5.9 percentage points on the year while gross margin changed +4.8 points. So the drop came mostly from the gross margin, which means input costs and prices charged.
FY25: 2.0%, within a range of −1.4% to 2.9% over 5 years
- Operating margin 2.0%
| Quarter | Operating margin |
|---|---|
| FY21 | −1.4% |
| FY22 | 2.9% |
| FY23 | −0.4% |
| FY24 | 1.6% |
| FY25 | 2% |
Change on the year before (points)
- Change on the year before (points) +0.4 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY21 | – |
| FY22 | +4.3 pts |
| FY23 | −3.3 pts |
| FY24 | +2.0 pts |
| FY25 | +0.4 pts |
Jun 2026: operating margin −4.7%
- Operating margin −4.7%
| Quarter | Operating margin |
|---|---|
| Sep 2023 | −3% |
| Dec 2023 | −0.9% |
| Mar 2024 | 5% |
| Jun 2024 | 1.2% |
| Sep 2024 | −0.2% |
| Dec 2024 | 0.3% |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | 4.4% |
| Jun 2026 | −4.7% |
Change on a year earlier (points)
- Change on a year earlier (points) +1.2 pts
| Quarter | Change on a year earlier (points) |
|---|---|
| Sep 2023 | −8.7 pts |
| Dec 2023 | −1.5 pts |
| Mar 2024 | +4.3 pts |
| Jun 2024 | +0.4 pts |
| Sep 2024 | +2.8 pts |
| Dec 2024 | +1.2 pts |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | – |
| Jun 2026 | – |
Is Xunlei Limited's profit turning into cash?
Over the last 3 years, 8% of Xunlei Limited's reported profit came in as cash from its operations, a gap worth watching. In FY25 it brought in $32.5 M of operating cash against $1.0 B of profit. After $5.3 M of spending on assets, $27.1 M was left over as free cash.
The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.
Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.
FY25: operating cash $32.5 M against profit $1.0 B; 8% of 3 years' profit came in as cash
- Operating cash $32.5 M
- Net profit $1.0 B
- Free cash $27.1 M
| Quarter | Operating cash | Net profit | Free cash |
|---|---|---|---|
| FY21 | $19.5 M | $1.1 M | $6.3 M |
| FY22 | $51.1 M | $21.3 M | $36.1 M |
| FY23 | $25.7 M | $14.3 M | $21.7 M |
| FY24 | $31.0 M | $663 K | $23.0 M |
| FY25 | $32.5 M | $1.0 B | $27.1 M |
FY25: operating cash was 3% of profit (8% over three years)
- Operating cash as % of profit 3%
- Break-even line 100%
| Quarter | Operating cash as % of profit | Break-even line |
|---|---|---|
| FY21 | 300% | 100% |
| FY22 | 239% | 100% |
| FY23 | 180% | 100% |
| FY24 | 300% | 100% |
| FY25 | 3% | 100% |
Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.
What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.
Where does Xunlei Limited's cash go?
Xunlei Limited does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $17.4 M on assets over the last 3 years. Averaged over those years that is 1.3% of FY25 revenue a year.
Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.
Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.
Spending on assets: $17.4 M over the last 3 years.
FY25: capex $5.3 M, steady spending
- Capex $5.3 M
| Quarter | Capex |
|---|---|
| FY21 | $13.2 M |
| FY22 | $15.0 M |
| FY23 | $4.0 M |
| FY24 | $8.0 M |
| FY25 | $5.3 M |
In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.
What is Xunlei Limited's P/E ratio, and how does it compare with its own history?
Xunlei Limited's P/E is 0.4×, with too little history to compare. Its usual P/E (the middle reading) is 302.0×, over 1 month of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.
P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.
PEG 1.60 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
- PEG 1.60×
- PEG = 1.0 1.00×
| Quarter | PEG | PEG = 1.0 |
|---|---|---|
| Dec 2021 | 1.60× | 1.00× |
| Mar 2022 | 1.60× | 1.00× |
| Jun 2022 | 1.60× | 1.00× |
| Sep 2022 | 1.60× | 1.00× |
| Dec 2022 | 1.60× | 1.00× |
| Mar 2023 | 1.60× | 1.00× |
| Jun 2023 | 1.60× | 1.00× |
| Sep 2023 | 1.60× | 1.00× |
| Dec 2023 | 1.60× | 1.00× |
| Mar 2024 | 1.60× | 1.00× |
| Jun 2024 | 1.60× | 1.00× |
| Sep 2024 | 1.60× | 1.00× |
| Dec 2024 | 1.60× | 1.00× |
| Mar 2025 | 1.60× | 1.00× |
| Jun 2025 | 1.60× | 1.00× |
| Sep 2025 | 1.60× | 1.00× |
| Dec 2025 | 1.60× | 1.00× |
| Mar 2026 | 1.60× | 1.00× |
| Jun 2026 | 1.60× | 1.00× |
Why the multiple is where it is: over the past year earnings per share moved +87,071.0% while the price moved −55.2%. Earnings did better than the price, which pulled the multiple down within its own range.
In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.
Is the Xunlei Limited business getting better or worse?
Xunlei Limited's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.
Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.
Growth year by year: revenue +42.5% in FY25
- Revenue growth 42.5%
| Quarter | Revenue growth |
|---|---|
| FY21 | – |
| FY22 | 43% |
| FY23 | 6.5% |
| FY24 | −11.2% |
| FY25 | 42.5% |
Profit growth, EPS growth
- Profit growth −95.4%
- EPS growth −91.3%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY21 | – | – |
| FY22 | 300% | 300% |
| FY23 | −33.2% | −31.8% |
| FY24 | −95.4% | −91.3% |
| FY25 | – | – |
Three growth lines over twelve quarters
- Revenue −11.2%
| Quarter | Revenue |
|---|---|
| Sep 2023 | 21.5% |
| Dec 2023 | 6.5% |
| Mar 2024 | −4.7% |
| Jun 2024 | −17.4% |
| Sep 2024 | −17.6% |
| Dec 2024 | −11.2% |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | – |
| Jun 2026 | – |
Profit, EPS
- Profit −95.4%
- EPS −92.9%
| Quarter | Profit | EPS |
|---|---|---|
| Sep 2023 | −37.1% | −35.2% |
| Dec 2023 | −33.2% | −31.7% |
| Mar 2024 | −2.6% | 0.6% |
| Jun 2024 | −11.6% | −7.9% |
| Sep 2024 | 17.6% | 23.2% |
| Dec 2024 | −95.4% | −92.9% |
| Mar 2025 | – | – |
| Jun 2025 | – | – |
| Sep 2025 | – | – |
| Dec 2025 | – | – |
| Mar 2026 | – | – |
| Jun 2026 | – | – |
ROCE: the return line, worked out each quarter
- ROCE 1.5%
| Quarter | ROCE |
|---|---|
| Sep 2023 | −0.1% |
| Dec 2023 | −0.5% |
| Mar 2024 | 0.5% |
| Jun 2024 | 0.5% |
| Sep 2024 | 1.2% |
| Dec 2024 | 1.5% |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | – |
| Dec 2025 | – |
| Mar 2026 | – |
| Jun 2026 | – |
Why it matters: with too little history, we say so rather than guess a direction.
The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading.
There are fewer than eight usable quarters, so this page does not guess a direction from so little history.
Compound annual growth rate (%)
Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | +42.5% | +10.5% | — | — |
| Profit | +1,57,910.6% | +266.1% | — | — |
| EPS | +87,071.0% | +273.1% | — | — |
| Stock price | −55.2% | — | — | — |
How much does Xunlei Limited earn on its capital?
Xunlei Limited earned a ROE of 76% in FY25. That is up from a low of 0% in FY24. Its return on capital used (ROIC) is 7.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.
Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.
It comes from a 227.5% net margin and 0.28× asset turnover (sales divided by assets).
Why the return is what it is (FY25): a 227.5% net margin × 0.28× asset turnover × 1.19× leverage (assets divided by equity) ≈ 75.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.
The key test, return on capital used minus the cost of capital: 1.0% − 8.5% = −7.5 percentage points. The 8.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.
FY25: ROE 76%, the climb back from FY24's 0%
- ROE 76.3%
- ROIC (annual) 1.5%
- Cost of capital 8.5%
| Quarter | ROE | ROIC (annual) | Cost of capital |
|---|---|---|---|
| FY21 | 0.4% | −4.7% | 8.5% |
| FY22 | 6.9% | 10.4% | 8.5% |
| FY23 | 4.4% | −1.6% | 8.5% |
| FY24 | 0.2% | 7.5% | 8.5% |
| FY25 | 76.3% | 1.5% | 8.5% |
Jun 2026: ROIC 1.4% (last 12 months) against a 8.5% cost of capital
- ROIC (12 months) 1.4%
- ROE (12 months) −59.9%
- Cost of capital 8.5%
| Quarter | ROIC (12 months) | ROE (12 months) | Cost of capital |
|---|---|---|---|
| Sep 2023 | 6.8% | 6.3% | 8.5% |
| Dec 2023 | −0.5% | 5.5% | 8.5% |
| Mar 2024 | −1.9% | 4.6% | 8.5% |
| Jun 2024 | 1.5% | 4.5% | 8.5% |
| Sep 2024 | 1.4% | 3.1% | 8.5% |
| Dec 2024 | 3.5% | 5.3% | 8.5% |
| Mar 2025 | 4.6% | −12.1% | 8.5% |
| Jun 2025 | 1% | −0.2% | 8.5% |
| Sep 2025 | 0.5% | 427.1% | 8.5% |
| Dec 2025 | 0.9% | 166.5% | 8.5% |
| Mar 2026 | 1.2% | −61.7% | 8.5% |
| Jun 2026 | 1.4% | −59.9% | 8.5% |
Does Xunlei Limited have too much debt?
Xunlei Limited has total debt of $57.8 M against shareholder equity of $982 M as of Jun 2026, so its debt is 0.06× its equity, which is very little. Year by year, that ratio went from 0.07 in FY21 to 0.06 in FY25. So the returns on this page come from the business, not from borrowed money.
Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.
FY25: debt $77.4 M, 0.06× equity
- Total debt $77.4 M
| Quarter | Total debt |
|---|---|
| FY21 | $20.2 M |
| FY22 | $32.4 M |
| FY23 | $22.9 M |
| FY24 | $29.6 M |
| FY25 | $77.4 M |
Debt-to-equity
- Debt-to-equity 0.06×
| Quarter | Debt-to-equity |
|---|---|
| FY21 | 0.07× |
| FY22 | 0.10× |
| FY23 | 0.07× |
| FY24 | 0.09× |
| FY25 | 0.06× |
Jun 2026: debt $57.8 M, debt-to-equity 0.06
- Total debt (quarterly) $57.8 M
| Quarter | Total debt (quarterly) |
|---|---|
| Sep 2023 | $32.7 M |
| Dec 2023 | $22.9 M |
| Mar 2024 | $17.6 M |
| Jun 2024 | $18.6 M |
| Sep 2024 | $14.6 M |
| Dec 2024 | $29.6 M |
| Mar 2025 | $28.4 M |
| Jun 2025 | $70.3 M |
| Sep 2025 | $70.5 M |
| Dec 2025 | $77.4 M |
| Mar 2026 | $71.1 M |
| Jun 2026 | $57.8 M |
Debt-to-equity
- Debt-to-equity 0.06×
| Quarter | Debt-to-equity |
|---|---|
| Sep 2023 | 0.10× |
| Dec 2023 | 0.07× |
| Mar 2024 | 0.05× |
| Jun 2024 | 0.06× |
| Sep 2024 | 0.04× |
| Dec 2024 | 0.09× |
| Mar 2025 | 0.09× |
| Jun 2025 | 0.07× |
| Sep 2025 | 0.04× |
| Dec 2025 | 0.06× |
| Mar 2026 | 0.06× |
| Jun 2026 | 0.06× |
What is the Xunlei Limited shareholding pattern?
We have no ownership or short-position figures for Xunlei Limited, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 5.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.
There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.
How far is Xunlei Limited from balance-sheet trouble?
For Xunlei Limited, the Z-score is 2.47. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.
The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.
Why it matters: a Z-score of 2.47 is in the grey area, neither clearly safe nor clearly in trouble.
How does Xunlei Limited rank in its industry?
There is no score against its industry: Xunlei Limited is not among the largest members shown in this industry comparison for Software - Infrastructure.
The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.
Which companies is Xunlei Limited compared with?
No sector comparison is shown here, not among the largest members shown in this industry comparison.
Which companies are close to Xunlei Limited in size?
Xunlei Limited is the 107th largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: International Money Express, Inc., Arqit Quantum Inc. and New Era Energy & Digital, Inc. Just below it: Kodiak AI, Inc., Bakkt, Inc. and Gorilla Technology Group Inc.
Software - Infrastructure companies close in size
- International Money Express, Inc. $251 million
- Arqit Quantum Inc. $241 million
- New Era Energy & Digital, Inc. $233 million
- Xunlei Limited $224 million
- Kodiak AI, Inc. $221 million
- Bakkt, Inc. $215 million
- Gorilla Technology Group Inc. $212 million
All 117 Software - Infrastructure companies, largest first
Companies close in size in other industries
- Zumiez Inc. $219 million · Apparel Retail
- Imperial Petroleum Inc. $218 million · Oil & Gas Midstream
- Xunlei Limited $218 million
- American Well Corporation $217 million · Health Information Services
- Clearwater Paper Corporation $216 million · Paper & Paper Products
What else do people ask about Xunlei Limited?
What were Xunlei Limited Limited's latest quarterly results?
Xunlei Limited reported revenue of $102 M and a net loss of $219 M for the Jun 2026 quarter. Earnings per share were −$3.43. The operating margin was −4.7% (as of 4 November 2026).
What is Xunlei Limited Limited's market cap?
Xunlei Limited's market capitalisation is $224 M at a stock price of $3.52. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).
How is Xunlei Limited Limited performing?
Xunlei Limited's latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 9 weeks running. This describes what the data did, not a rating (as of 4 November 2026).
Will Xunlei Limited Limited's stock price go up?
This page does not forecast Xunlei Limited's stock price. What it shows instead: the stock price is $3.52. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).
Where is Xunlei Limited Limited in its business cycle?
Xunlei Limited's FY25 operating margin was 2.0%, against a 5-year range of −1.4% to 2.9%: the middle of its own range, neither a peak nor a low. The latest quarter was −4.7%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).
What could break the Xunlei Limited Limited story?
The main question: yearly earnings per share moved +87,071.0% while the share price moved −55.2%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).
Is Xunlei Limited Limited a stock worth studying right now?
What the numbers show: Xunlei Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.
Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.
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