XWELL, Inc.XWEL

NasdaqConsumer SpendingServices-Personal Services
Price (close)
$0.89
Market cap
$7.5M
P/E
—
Revenue (TTM)
$28.3M
Net income
-$23.4M
Dividend yield
—
1-year total return
-11.9%
Net margin
-82.9%
Revenue growth
-7.6%
Debt / equity
—

What XWELL, Inc. does.

XWELL is a global wellness organization dedicated to delivering restorative and health-focused services to travelers through its three reportable operating segments: XpresSpa®, XpresTest®, and Naples Wax Center®. As of the date of this Annual Report on Form 10-K, XWELL currently has three reportable operating segments: XpresSpa®, XpresTest® and Naples Wax Center®.

On October 25, 2022, the Company changed its name to XWELL, Inc. (“XWELL” or the “Company”) from XpresSpa Group, Inc. The Company’s common stock, par value $0.01 per share, which had previously been listed under the trading symbol “XSPA” on Nasdaq, now trades under the trading symbol “XWEL”. The Company filed an amended and restated certificate of incorporation with the Delaware Secretary of State on October 24, 2022 (as amended, the “Amended and Restated Certificate”) reflecting the name change. Rebranding to XWELL aligned the Company’s corporate strategy to build a pure-play wellness services company, in both the airport and off-airport marketplaces.

XWELL’s subsidiary, XpresSpa Holdings, LLC (“XpresSpa”) has been a global airport retailer of spa services through its XpresSpa spa locations, offering travelers premium spa services, including massage, nail and skin care, as well as spa and travel products.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$8.4M$73.7M$55.9M$30.1M$33.9M$29.2M
Net income-$90.5M$3.3M-$32.8M-$27.7M-$16.9M-$17.0M
Free cash flow-$29.0M$10.3M-$30.7M-$18.0M-$12.8M-$11.7M

More on XWEL.

Figures from XWELL, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.