Xunlei Limited
NASDAQ•XNET
CEO: Mr. Jinbo Li
Sector: Communication Services
Industry: Advertising Agencies
Listing Date: 2014-06-24
Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products. It also provides Mobile Xunlei, a mobile application that allows users to search, download, consume, and store digital media content; Xunlei Media Player, which supports online and offline play of digital media content, as well as simultaneous play of digital media content while it is being transmitted by Xunlei Accelerator; online games through online game website and mobile app; advertising services; live streaming products, including video and audio livestreaming; and develops software and computer software, as well as other internet value-added services. In addition, the company offers cloud computing services through OneThing Cloud, and StellarCloud; and hardware for edging computing, such as OneThing Edge Cube, and OneThing Edge Atom. Further it offers ThunderChain, a blockchain infrastructure product that enables its users to develop and manage blockchain applications. The company was formerly known as Giganology Limited and changed its name to Xunlei Limited in January 2011. Xunlei Limited was founded in 2003 and is headquartered in Shenzhen, the People's Republic of China.
Contact Information
Xunlei Building, Rooms 2101 to 2107, No. 3709, Baishi Road High-tech Zone Community Yuehai Street, Nanshan District, Shenzhen, 518000, China
86-755-6111-1571
Market Cap
$75.68M
P/E (TTM)
0.1
19.3
Dividend Yield
--
52W High
$11.03
52W Low
$3.38
52W Range
Rank38Top 36.9%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$143.12M+0.00%
4-Quarter Trend
EPS
-$18.30+0.00%
4-Quarter Trend
FCF
$0.00+0.00%
4-Quarter Trend
2024 Annual Earnings Highlights
Key Highlights
Subscription Revenue Growth Subscription revenue increased 12.0% to US$133.7M in 2024, becoming 41.2% of total revenue.
Gross Profit Increased Gross profit rose 2.8% to US$167.6M in 2024, margin improved to 51.7% despite revenue decline.
Cloud Revenue Decline Cloud computing revenue decreased 15.3% to US$104.6M in 2024, reflecting reduced sales of services and hardware.
Strong Cash Position Total cash, cash equivalents, and restricted cash reached US$177.5M as of December 31, 2024.
Risk Factors
Goodwill Impairment Recorded Recorded US$20.7M goodwill impairment in Q4 2024 due to sustained financial performance decline in cloud business.
Domestic Live-streaming Exit Domestic live-streaming revenue dropped 29.5% in 2024 after ceasing both audio and video services in China.
VIE Structure Reliance Operations heavily rely on VIE contractual arrangements, which face uncertainties regarding PRC law interpretation and enforceability.
PRC Currency Conversion Limits Ability to fund operations and pay dividends depends on cash transfers from PRC subsidiaries subject to strict currency controls.
Outlook
Hupu Acquisition Finalization Expect closing acquisition of Shanghai Kuanghui (Hupu) for RMB500M consideration in the first half of 2025.
Increased R&D Investment Expect research and development expenses to increase as resources are devoted to developing new products and overseas business.
Overseas Service Continuation Continue providing audio live-streaming services in overseas markets, including Hiya and Wefun platforms.
Share Repurchase Program Board authorized up to US$20M share repurchase program through June 2025, subject to market conditions.
Peer Comparison
Revenue (TTM)
$461.05M
$427.38M
$233.27M
Gross Margin (Latest Quarter)
87.6%
78.0%
47.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| TSQ | $106.22M | -8.7 | 32.3% | 91.6% |
| XNET | $75.68M | 0.1 | 96.6% | 4.7% |
| GAIA | $71.45M | -15.9 | -5.2% | 6.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
17.4%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Deep Research
Next earnings:May 13, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data