Welcome to our dedicated page for Xunlei SEC filings (Ticker: XNET), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Xunlei Limited (NASDAQ: XNET), a technology company founded in 2003 that focuses on distributed cloud services in China. As a foreign private issuer, Xunlei files annual reports on Form 20-F and current reports on Form 6-K, which include financial statements, operating data and press releases.
Through these filings, investors can review Xunlei’s reported revenues from subscriptions, cloud computing, and live-streaming and other services, along with information on subscriber numbers, average revenue per subscriber, bandwidth costs and revenue-sharing expenses. The filings also describe research and development spending, sales and marketing expenses, general and administrative costs and, in some periods, non-cash impairment charges to goodwill related to its cloud computing business.
Xunlei’s SEC submissions discuss non-GAAP financial measures such as non-GAAP operating income, non-GAAP net income and non-GAAP earnings per ADS, explaining how items like share-based compensation, impairment of goodwill and fair value changes of long-term investments are excluded to present supplemental views of operating performance. Filings also reference the company’s long-term investment in Arashi Vision Inc. (Insta360), share repurchase programs, and cash, cash equivalents and short-term investment balances.
On Stock Titan, XNET filings are updated in near real time as new Form 20-F and Form 6-K reports are posted to the SEC’s EDGAR system. AI-powered summaries highlight key points from lengthy documents, helping readers quickly understand segment performance, major expense drivers, investment impacts and risk disclosures without reading every page of the original filing.
Xunlei Ltd director and President Zhang Yubo filed an initial ownership report showing a direct holding of 3,301,292 American depositary shares. Each American depositary share represents five Class A common shares, indicating a substantial pre-existing stake but no new buy or sell transaction.
Xunlei Ltd director Wu Wenjie has filed an initial ownership report showing a direct holding of 18,974 American Depositary Shares (ADS). This Form 3 does not record a new trade; it simply discloses Wu’s existing equity position. Each ADS represents five Class A common shares.
Xunlei Ltd director Shi Peng reported initial holdings in a Form 3. The filing shows direct ownership of restricted share units representing 300,000 underlying American Depository Shares and direct ownership of 180,000 American Depository Shares. The RSUs were granted on August 6, 2025 and are scheduled to vest in three equal instalments of 100,000 ADSs on August 6, 2026, August 6, 2027, and August 6, 2028. Each RSU or ADS represents five Class A common shares of Xunlei Ltd.
Xunlei Ltd director and Chief Executive Officer Li Jinbo filed an initial Form 3 reporting his beneficial ownership in the company. He reports direct ownership of 1,338,608 American Depositary Shares (ADS) and indirect ownership of 6,239,648 ADS plus 101,820,239 common shares through his control of Itui International Inc. A footnote explains that each ADS represents five class A common shares.
Xunlei Ltd director Li Xiaosong filed an initial ownership report showing equity interests in the company. The filing lists restricted share units tied to 260,000 underlying ADS and an additional RSU award tied to 33,333 underlying ADS, plus direct ownership of 66,667 ADS. Footnotes explain that one RSU grant dated August 6, 2025 will vest in tranches in 2026, 2027 and 2028, while another grant dated January 1, 2024 will vest 33,333 ADS on January 1, 2027. Each RSU or ADS represents five Class A common shares of Xunlei.
Xunlei Ltd director Duan Hui has filed an initial statement of beneficial ownership on Form 3. This filing establishes Hui’s status as a director and provides a baseline disclosure of any reportable holdings and positions in Xunlei’s securities as required for company insiders. The filing does not report any insider transactions.
Xunlei Ltd Chief Financial Officer Zhou Naijiang has filed an initial ownership report showing holdings of 119,622 American Depositary Shares (ADS), held directly. This filing is a disclosure of his equity position and does not report any new share purchases, sales, or option exercises.
Xunlei Limited has completed the previously announced disposition of a majority equity interest in its subsidiary Shenzhen Onething Technology. Xunlei’s variable interest entity, Shenzhen Xunlei Networking Technologies, transferred a 20% equity interest in Shenzhen Onething to Wuhan Kingsoft Cloud Information Technology for cash consideration of RMB50 million and a 30% equity interest to Shenzhen Xinghan Zhilian Technology for cash consideration of RMB75 million, both amounts inclusive of tax.
After the transaction, Shenzhen Xunlei retains a 20% equity stake in Shenzhen Onething, allowing Xunlei to remain a minority shareholder. The company states that this transaction is expected to optimize its resource allocation and business portfolio while still enabling participation in Shenzhen Onething’s potential future growth.
Xunlei Limited reported strong top-line growth for Q4 and full year 2025, powered by cloud and live-streaming. Q4 revenue reached $143.3 million, up 70.0% year over year, while full-year revenue was $462.4 million, a 42.5% increase.
Growth came from subscription, overseas audio live-streaming and cloud computing, though gross margin narrowed as lower-margin businesses expanded. Q4 operating income was $4.7 million and full-year operating income was $6.6 million after a prior-year goodwill impairment.
Fair value gains on Xunlei’s long-term investment in Arashi Vision Inc. drove full-year GAAP net income to $1,047.6 million, but Q4 recorded a GAAP net loss of $228.9 million due to fair value swings. Full-year non-GAAP net income was $18.5 million, below 2024, and cash, cash equivalents and short-term investments rose to $305.2 million as of December 31, 2025.
Xunlei Ltd director Huang He filed an initial insider ownership report on Form 3. The filing lists Huang He as a director of Xunlei Ltd and does not report any insider share purchases, sales, acquisitions, or disposals.