Filing Flows › Xwell (XWEL) › Q2 2026
Xwell (XWEL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Xwell (XWEL) reported revenue of $7.1M for the second quarter 2026 (Q2 2026), -7% from a year earlier and +8% from the quarter before. Operating margin was -29.4%, net loss $1.9M (26.4% of revenue).
Xwell, Q2 2026: revenue $7.1M (-7% year over year), operating margin -29.4%, net loss $1.9M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1M | +8% | -7% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | −$4.5M | — | — |
What changed
Revenue was $7.1M in Q2 2026, down 7% year over year and up 8% from the previous quarter. XpresSpa was the largest line at 58% of revenue. XpresSpa lost $715K year over year (down 15%), 131% of the total change.
Gross margin was 41.3%, up 18.2 points from Q2 2025. Operating costs exceeded revenue by $2.1M, an operating margin of -29.4%. Operating expenses grew 13% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+115%). The quarter ended with a net loss of $1.9M, narrower than the previous quarter's $11.0M loss.
Operating cash flow was −$4.5M. Non-cash charges added back $163K of depreciation and amortization and $98K of share-based compensation. Working capital and other items used $2.9M. Capital expenditures of $169K exceeded it, leaving free cash flow of −$4.7M.
Questions
What was Xwell's revenue in the second quarter 2026?
Xwell (XWEL) reported revenue of $7.1M for the second quarter 2026 (Q2 2026), -7% from a year earlier and +8% from the quarter before.
Was Xwell profitable in the second quarter 2026?
Operating loss was $2.1M (-29.4% of revenue) and net loss $1.9M.
Source: Xwell 10-Q on SEC EDGAR.