What is Xunlei Ltd's earnings per share (EPS)?

Xunlei Ltd (XNET) reported diluted earnings per share of $0.00 for fiscal year 2024. This represents a -91.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Xunlei Ltd Financials

XNET

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Xunlei Ltd (XNET) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 39/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Xunlei Ltd has an operating margin of -4.9%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 11/100, suggesting thin profitability after operating expenses. This is down from -0.4% the prior year.

Growth

Xunlei Ltd's revenue declined 11.2% year-over-year, from $363.7M to $323.1M. This contraction results in a growth score of 15/100.

Leverage

100

Xunlei Ltd carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Xunlei Ltd's current ratio of 2.86 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Xunlei Ltd has a free cash flow margin of 7.1%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Xunlei Ltd generates a 0.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 12/100. This is down from 4.4% the prior year.

Piotroski F-Score Neutral

6/9

Xunlei Ltd passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

25.49x

For every $1 of reported earnings, Xunlei Ltd generates $25.49 in operating cash flow ($31.0M OCF vs $1.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

-21.6x

Xunlei Ltd earns $-21.6 in operating income for every $1 of interest expense (-$15.7M vs $728K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$323.1M

YoY-11.2%

5Y CAGR+12.3%

10Y CAGR+5.9%

Xunlei Ltd generated $323.1M in revenue in fiscal year 2024. This represents a decrease of 11.2% from the prior year.

EBITDA

-$9.2M

YoY-335.2%

Xunlei Ltd's EBITDA was -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 335.2% from the prior year.

Net Income

$1.2M

YoY-91.5%

10Y CAGR-19.6%

Xunlei Ltd reported $1.2M in net income in fiscal year 2024. This represents a decrease of 91.5% from the prior year.

EPS (Diluted)

$0.00

YoY-91.3%

Xunlei Ltd earned $0.00 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 91.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$22.9M

YoY+5.6%

10Y CAGR-5.5%

Xunlei Ltd generated $22.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 5.6% from the prior year.

Cash & Debt

$177.3M

YoY+3.8%

5Y CAGR+1.8%

10Y CAGR-7.9%

Xunlei Ltd held $177.3M in cash against $27.1M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.00

Xunlei Ltd paid $0.00 per share in dividends in fiscal year 2024.

Shares Outstanding

307M

YoY-5.0%

5Y CAGR-1.8%

10Y CAGR-0.7%

Xunlei Ltd had 307M shares outstanding in fiscal year 2024. This represents a decrease of 5.0% from the prior year.

Margins & Returns

Gross Margin

51.9%

YoY+7.0pp

5Y CAGR+7.2pp

10Y CAGR+9.1pp

Xunlei Ltd's gross margin was 51.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 7.0 percentage points from the prior year.

Operating Margin

-4.9%

YoY-4.4pp

5Y CAGR+26.4pp

10Y CAGR-9.5pp

Xunlei Ltd's operating margin was -4.9% in fiscal year 2024, reflecting core business profitability. This is down 4.4 percentage points from the prior year.

Net Margin

0.4%

YoY-3.5pp

5Y CAGR+29.8pp

10Y CAGR-5.5pp

Xunlei Ltd's net profit margin was 0.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.5 percentage points from the prior year.

Return on Equity

0.4%

YoY-4.0pp

5Y CAGR+18.3pp

10Y CAGR-2.0pp

Xunlei Ltd's ROE was 0.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$71.6M

YoY-3.5%

5Y CAGR+0.9%

10Y CAGR+9.4%

Xunlei Ltd invested $71.6M in research and development in fiscal year 2024. This represents a decrease of 3.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$8.0M

YoY+101.1%

5Y CAGR+21.1%

10Y CAGR+0.3%

Xunlei Ltd invested $8.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 101.1% from the prior year.

XNET Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$323.1M-11.2%	$363.7M+6.5%	$341.5M+43.0%	$238.8M+28.1%	$186.4M+3.2%	$180.7M
Cost of Revenue	$155.6M-22.5%	$200.6M+0.3%	$200.1M+68.7%	$118.6M+28.0%	$92.6M-7.3%	$99.9M
Gross Profit	$167.6M+2.8%	$163.1M+15.3%	$141.4M+17.7%	$120.2M+28.2%	$93.7M+16.1%	$80.8M
R&D Expenses	$71.6M-3.5%	$74.2M+9.6%	$67.7M+9.4%	$61.9M+11.5%	$55.5M-19.1%	$68.6M
SG&A Expenses	$45.8M-2.2%	$46.9M+18.1%	$39.7M+7.7%	$36.9M+8.7%	$33.9M-12.9%	$38.9M
Operating Income	-$15.7M-874.2%	-$1.6M-116.0%	$10.1M+332.8%	-$4.3M+77.0%	-$18.8M+66.7%	-$56.4M
Interest Expense	$728K-51.9%	$1.5M+1528.0%	$93K-2.1%	$95K-76.6%	$406K+441.3%	$75K
Income Tax	-$3.0M-173.1%	$4.1M+1.5%	$4.1M+3354.4%	-$125K-110.9%	$1.1M-75.4%	$4.7M
Net Income	$1.2M-91.5%	$14.2M-33.7%	$21.5M+1702.1%	$1.2M+108.6%	-$13.8M+74.0%	-$53.2M
EPS (Diluted)	$0.00-91.3%	$0.04-31.8%	$0.06+1722.9%	$0.00+108.5%	$-0.04+74.0%	$-0.16

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XNET Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$473.9M+1.1%	$468.7M+1.2%	$463.3M+5.1%	$440.7M+6.0%	$415.6M-2.1%	$424.7M
Current Assets	$363.0M+10.9%	$327.4M-1.4%	$332.2M+13.0%	$293.9M-2.8%	$302.3M-4.5%	$316.6M
Cash & Equivalents	$177.3M+3.8%	$170.8M-3.6%	$177.2M+43.6%	$123.4M-10.1%	$137.2M-15.5%	$162.5M
Inventory	$1.3M-43.4%	$2.2M+385.6%	$457K-66.5%	$1.4M-21.0%	$1.7M-68.8%	$5.5M
Accounts Receivable	$32.7M+4.7%	$31.2M+4.9%	$29.8M+13.9%	$26.1M+13.7%	$23.0M-16.5%	$27.5M
Goodwill	N/A	$20.8M-1.7%	$21.2M-8.5%	$23.1M+2.3%	$22.6M+10.9%	$20.4M
Total Liabilities	$156.1M+7.5%	$145.2M-6.3%	$154.9M+11.5%	$139.0M+11.0%	$125.2M-3.0%	$129.1M
Current Liabilities	$126.7M-1.1%	$128.1M-0.2%	$128.3M+7.0%	$119.9M+16.1%	$103.3M-7.2%	$111.3M
Long-Term Debt	$27.1M+74.6%	$15.5M	N/A	N/A	$19.9M+75.9%	$11.3M
Total Equity	$318.1M-2.1%	$324.9M+4.8%	$309.9M+2.1%	$303.6M+3.9%	$292.2M-1.6%	$296.9M
Retained Earnings	-$146.3M+0.4%	-$146.9M+8.2%	-$160.1M+11.4%	-$180.6M+0.2%	-$181.1M-8.5%	-$167.0M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$473.9M+1.1%	$468.7M+1.2%	$463.3M+5.1%	$440.7M+6.0%	$415.6M-2.1%	$424.7M-6.8%	$455.4M-14.6%	$533.4M
Current Assets	$363.0M+10.9%	$327.4M-1.4%	$332.2M+13.0%	$293.9M-2.8%	$302.3M-4.5%	$316.6M-12.8%	$362.9M-15.8%	$430.8M
Cash & Equivalents	$177.3M+3.8%	$170.8M-3.6%	$177.2M+43.6%	$123.4M-10.1%	$137.2M-15.5%	$162.5M+32.2%	$122.9M-47.3%	$233.5M
Inventory	$1.3M-43.4%	$2.2M+385.6%	$457K-66.5%	$1.4M-21.0%	$1.7M-68.8%	$5.5M-56.3%	$12.7M+226.6%	$3.9M
Accounts Receivable	$32.7M+4.7%	$31.2M+4.9%	$29.8M+13.9%	$26.1M+13.7%	$23.0M-16.5%	$27.5M+42.0%	$19.4M-52.3%	$40.6M
Goodwill	N/A	$20.8M-1.7%	$21.2M-8.5%	$23.1M+2.3%	$22.6M+10.9%	$20.4M-1.6%	$20.7M-4.8%	$21.8M
Total Liabilities	$156.1M+7.5%	$145.2M-6.3%	$154.9M+11.5%	$139.0M+11.0%	$125.2M-3.0%	$129.1M+16.1%	$111.3M-26.1%	$150.6M
Current Liabilities	$126.7M-1.1%	$128.1M-0.2%	$128.3M+7.0%	$119.9M+16.1%	$103.3M-7.2%	$111.3M+3.0%	$108.0M-23.8%	$141.7M
Long-Term Debt	$27.1M+74.6%	$15.5M	N/A	N/A	$19.9M+75.9%	$11.3M	N/A	N/A
Total Equity	$318.1M-2.1%	$324.9M+4.8%	$309.9M+2.1%	$303.6M+3.9%	$292.2M-1.6%	$296.9M-14.0%	$345.3M-10.3%	$385.0M
Retained Earnings	-$146.3M+0.4%	-$146.9M+8.2%	-$160.1M+11.4%	-$180.6M+0.2%	-$181.1M-8.5%	-$167.0M-46.7%	-$113.8M-52.7%	-$74.5M

XNET Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$31.0M+20.5%	$25.7M-49.7%	$51.1M+162.4%	$19.5M+240.0%	-$13.9M+69.5%	-$45.6M
Capital Expenditures	$8.0M+101.1%	$4.0M-73.3%	$15.0M+13.4%	$13.2M-2.6%	$13.6M+339.5%	$3.1M
Free Cash Flow	$22.9M+5.6%	$21.7M-39.9%	$36.1M+475.7%	$6.3M+122.9%	-$27.5M+43.6%	-$48.7M
Investing Cash Flow	-$21.9M+8.3%	-$23.9M-303.2%	$11.8M+136.0%	-$32.6M-57.2%	-$20.8M-126.2%	$79.3M
Financing Cash Flow	-$925K+93.2%	-$13.5M-303.6%	$6.6M+3078.0%	-$223K-108.3%	$2.7M-78.0%	$12.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XNET Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	51.9%+7.0pp	44.8%+3.4pp	41.4%-8.9pp	50.3%+0.0pp	50.3%+5.6pp	44.7%
Operating Margin	-4.9%-4.4pp	-0.4%-3.4pp	2.9%+4.8pp	-1.8%+8.3pp	-10.1%+21.2pp	-31.2%
Net Margin	0.4%-3.5pp	3.9%-2.4pp	6.3%+5.8pp	0.5%+7.9pp	-7.4%+22.0pp	-29.4%
Return on Equity	0.4%-4.0pp	4.4%-2.6pp	6.9%+6.5pp	0.4%+5.1pp	-4.7%+13.2pp	-17.9%
Return on Assets	0.3%-2.8pp	3.0%-1.6pp	4.6%+4.4pp	0.3%+3.6pp	-3.3%+9.2pp	-12.5%
Current Ratio	2.86+0.3	2.56-0.0	2.59+0.1	2.45-0.5	2.93+0.1	2.84
Debt-to-Equity	0.09+0.0	0.05-0.5	0.50+0.0	0.46+0.4	0.07+0.0	0.04
FCF Margin	7.1%+1.1pp	6.0%-4.6pp	10.6%+8.0pp	2.6%+17.4pp	-14.7%+12.2pp	-27.0%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.86+0.3	2.56-0.0	2.59+0.1	2.45-0.5	2.93+0.1	2.84-0.5	3.36+0.3	3.04
Debt-to-Equity	0.09+0.0	0.05-0.5	0.50+0.0	0.46+0.4	0.07+0.0	0.04-0.3	0.32-0.1	0.39
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Xunlei Ltd's annual revenue?

Xunlei Ltd (XNET) reported $323.1M in total revenue for fiscal year 2024. This represents a -11.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Xunlei Ltd's revenue growing?

Xunlei Ltd (XNET) revenue declined by 11.2% year-over-year, from $363.7M to $323.1M in fiscal year 2024.

Is Xunlei Ltd profitable?

Yes, Xunlei Ltd (XNET) reported a net income of $1.2M in fiscal year 2024, with a net profit margin of 0.4%.

What is Xunlei Ltd's EBITDA?

Xunlei Ltd (XNET) had EBITDA of -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Xunlei Ltd have?

As of fiscal year 2024, Xunlei Ltd (XNET) had $177.3M in cash and equivalents against $27.1M in long-term debt.

What is Xunlei Ltd's gross margin?

Xunlei Ltd (XNET) had a gross margin of 51.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Xunlei Ltd's operating margin?

Xunlei Ltd (XNET) had an operating margin of -4.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Xunlei Ltd's net profit margin?

Xunlei Ltd (XNET) had a net profit margin of 0.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Xunlei Ltd's return on equity (ROE)?

Xunlei Ltd (XNET) has a return on equity of 0.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Xunlei Ltd's free cash flow?

Xunlei Ltd (XNET) generated $22.9M in free cash flow during fiscal year 2024. This represents a 5.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Xunlei Ltd's operating cash flow?

Xunlei Ltd (XNET) generated $31.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Xunlei Ltd's total assets?

Xunlei Ltd (XNET) had $473.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Xunlei Ltd's capital expenditures?

Xunlei Ltd (XNET) invested $8.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Xunlei Ltd spend on research and development?

Xunlei Ltd (XNET) invested $71.6M in research and development during fiscal year 2024.

How many shares does Xunlei Ltd have outstanding?

Xunlei Ltd (XNET) had 307M shares outstanding as of fiscal year 2024.

What is Xunlei Ltd's current ratio?

Xunlei Ltd (XNET) had a current ratio of 2.86 as of fiscal year 2024, which is generally considered healthy.

What is Xunlei Ltd's debt-to-equity ratio?

Xunlei Ltd (XNET) had a debt-to-equity ratio of 0.09 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Xunlei Ltd's return on assets (ROA)?

Xunlei Ltd (XNET) had a return on assets of 0.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Xunlei Ltd's Piotroski F-Score?

Xunlei Ltd (XNET) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Xunlei Ltd's earnings high quality?

Xunlei Ltd (XNET) has an earnings quality ratio of 25.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Xunlei Ltd cover its interest payments?

Xunlei Ltd (XNET) has an interest coverage ratio of -21.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Xunlei Ltd?

Xunlei Ltd (XNET) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.