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.
Xunlei Limited's SEC filings document a foreign private issuer that provides distributed cloud services in China and reports under Form 20-F while furnishing Form 6-K current reports. The disclosures cover operating and financial results for subscription services, cloud computing, live-streaming and other internet value-added services, including related revenue-sharing and payment-handling cost categories.
The filing record also includes material-event disclosures for portfolio actions, including the completed disposition of a majority equity interest in Shenzhen Onething through the company's variable interest entity, Shenzhen Xunlei Networking Technologies Co., Ltd. Other filing subjects include capital-structure disclosure, governance matters and exhibits to company press releases.
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.
Xunlei Limited has agreed to sell a 50% equity interest in its variable interest entity subsidiary Shenzhen Onething for an aggregate cash consideration of RMB125 million. Shenzhen Xunlei will transfer 20% of Shenzhen Onething to Wuhan Kingsoft Cloud for RMB50 million and 30% to management vehicle Xinghan Zhilian for RMB75 million.
Before the deal, Shenzhen Xunlei held 70% of Shenzhen Onething; after closing it will retain 20%, and Xunlei will no longer consolidate Shenzhen Onething’s results. Shenzhen Onething moved from a loss after tax of RMB21.4 million in 2024 to a profit after tax of RMB9.9 million in 2025, with net assets of RMB240.0 million as of December 31, 2025.
Xunlei’s audit committee of independent directors led the evaluation, with Kroll LLC providing a fairness opinion, and the board unanimously approved the transaction. The deal is subject to corporate approvals, required U.S. disclosure and other conditions, and is expected to close by the end of April. Xunlei expects the transaction to optimize its resource allocation and business portfolio while keeping a minority stake in Shenzhen Onething’s future growth.
Itui International Inc., Itui Ltd and Jinbo Li report beneficial ownership of 133,018,479 Xunlei Ltd common shares, representing 42.3% of the company’s outstanding common share class. This percentage is calculated using 314,277,001 total outstanding common shares as of December 31, 2025.
All three reporting persons are shown with shared voting and dispositive power over the same 133,018,479 common shares and no sole voting or dispositive power. This Schedule 13D/A Amendment No. 1 also updates background information on related persons and incorporates an exhibit listing directors and executive officers of the reporting entities.
Xunlei Limited filed a Form 6-K as a foreign private issuer for November 2025. The filing forwards a press release titled “Xunlei Announces Unaudited Financial Results for the Third Quarter Ended September 30, 2025,” covering its Q3 2025 performance.
The report is filed under the Form 20-F regime and is signed on behalf of Xunlei by Chief Financial Officer Naijiang (Eric) Zhou, confirming his authorization for this submission.
Xunlei Limited, a foreign private issuer based in Shenzhen, filed a Form 6-K for August 2025. The report primarily furnishes a press release as Exhibit 99.1 in which Xunlei announces its unaudited financial results for the second quarter ended June 30, 2025. The filing is signed on behalf of the company by Chief Financial Officer Naijiang (Eric) Zhou.