| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 7.35 | 4.4% | 12.7% |
| Total Income | 7.35 | 4.4% | 12.7% |
| Expenditure | 2.26 | 49.4% | 66.9% |
| PBT | -0.21 | 89.6% | 95.5% |
| Net Profit | -0.72 | 68.3% | 84.8% |
| OPM | -10.48% | 24.53pp | 46.14pp |
| NPM | -9.86% | 19.65pp | 46.54pp |
| EPS | -0.26 | 53.6% | 73.7% |
XWELL Reports Q3 2025 Revenue of $7.3 Million
04 May 2026 · 4 May, 7:10 am
Summary
XWELL, Inc. announced its third quarter 2025 results, reporting revenue of $7.3 million. The company saw a decrease in both cost of sales and general and administrative expenses compared to the prior year. XWELL expanded its Priority Pass partnership internationally and opened new brick-and-mortar locations. Subsequent to the quarter's end, XWELL streamlined its cost structure, reducing approximately $2.4 million in annualized staffing costs.
Key Highlights
- 1
XWELL reported revenue of $7.3 million for the third quarter of 2025.
- 2
Cost of sales decreased by approximately 8% compared to the third quarter of 2024.
- 3
General and administrative expenses, excluding one-time credits, decreased by approximately 32% from the third quarter of 2024.
- 4
The Priority Pass partnership has been expanded to key international airports across the Middle East and Europe.
- 5
The company opened new brick-and-mortar locations at Bloomingdale Square in Brandon, Florida, and Waterford Lakes Town Center in Orlando, Florida.
- 6
XWELL's Penn Station location is set to open in mid-November.
- 7
The company reduced approximately $2.4 million in annualized staffing costs subsequent to the end of the third quarter.
Management Comments
Ezra Ernst
“We believe we are making meaningful progress against our priorities from diversifying access points, elevating brand relevance, and engaging with consumers wherever wellness matters the most,” said Ezra Ernst, CEO of XWELL. “Our expanded partnership with Priority Pass builds on the tremendous response we’ve seen from travelers across our U.S. airport spas, while the openings of off-airport wellness centers in Penn Station and several Florida markets demonstrate how XWELL is successfully extending its services to customers where they live, work, and travel. Supported by our long-standing CDC partnership, ongoing operational discipline and targeted growth strategy, I am confident in the opportunities that lie ahead for XWELL.” “Following the end of the third quarter, we took decisive steps to streamline our cost structure and align operations around our most critical growth priorities,” Ezra Ernst added. “While decisions like these are never easy, with our operational foundation and infrastructure now in order, we believe XWELL remains well-positioned to expand efficiently both inside and outside of airports.”
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