Filing Flows › Xwell (XWEL) › How it makes money
How Xwell (XWEL) makes money
Xwell (XWEL) made $7.1M of revenue in the second quarter 2026 (Q2 2026), -7% from a year earlier. XpresSpa brought in $4.2M (58%); XpresTest brought in $2.5M (35%); Naples Wax brought in $503K (7%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| XpresSpa | $4.2M | 58.4% | -0.6% | -15% |
| XpresTest | $2.5M | 34.6% | +29% | +15% |
| Naples Wax | $503K | 7.0% | -4% | -22% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $7.1M | 100.0% |
| Income tax | $51K | 0.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $7.1M | -7% |
| Q1 2026 | $6.6M | -6% |
| Q4 2025 | $7.2M | -4% |
| Q3 2025 | $7.3M | -13% |
| Q2 2025 | $7.7M | -17% |
| Q1 2025 | $7.0M | -20% |
| Q4 2024 | $7.5M | +0.9% |
From Xwell's 10-Q filed Aug 14, 2026 (on EDGAR).
Questions
How does Xwell make money?
Xwell (XWEL) made $7.1M of revenue in the second quarter 2026 (Q2 2026), -7% from a year earlier. XpresSpa brought in $4.2M (58%); XpresTest brought in $2.5M (35%); Naples Wax brought in $503K (7%).
What is Xwell's biggest business?
XpresSpa: $4.2M in the second quarter 2026, 58% of revenue, -15% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.