Xunlei (XNET) Gross Margin (2013 - 2026)

Xunlei (XNET) posted Gross Margin of 58.81% for Q1 2026, up 2.86% sequentially from 57.18% in Q4 2025, and down 329.0% YoY from 25.68% in Q1 2025.

Analysis

Xunlei (XNET) Gross Margin (2013 - 2026) Analysis & Trends

Xunlei has reported Gross Margin for 14 years, with the latest figure at 58.81% in Q1 2026.

Quarterly Gross Margin fell 329.0% year-over-year to 58.81% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 52.97% (down 57.0% YoY) and the FY2025 annual result came in at 47.05%, down 481.0% from the prior year.
Gross Margin rose to 58.81% in Q1 2026 per XNET's latest filing, from 57.18% in the prior quarter.
Over five years, Gross Margin peaked at 62.11% in Q1 2025 and troughed at 38.92% in Q4 2022.
A 5-year average of 48.85% and a median of 49.47% in 2025 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 971 bps in 2022, then jumped 1353 bps in 2024.
Over 5 years, Gross Margin stood at 38.92% in 2022, then soared by 34 bps to 52.14% in 2023, then dropped by 0 bps to 51.88% in 2024, then gained by 10 bps to 57.18% in 2025, then increased by 3 bps to 58.81% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 58.81%, 57.18%, and 48.08% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Microsoft	3,718.29 Bn	3,585.54 Bn	60.48 Bn	67.20%
2	Oracle	452.14 Bn	420.24 Bn	-	-
3	Palantir Technologies	418.25 Bn	408.84 Bn	1.64 Bn	84.66%
4	Palo Alto Networks	265.90 Bn	262.79 Bn	2.03 Bn	67.55%
5	CrowdStrike Holdings	217.15 Bn	212.14 Bn	1.10 Bn	74.57%
6	Fortinet	114.54 Bn	110.47 Bn	1.64 Bn	80.24%
7	Cloudflare	98.54 Bn	94.37 Bn	499.52 Mn	71.76%
8	Synopsys	75.44 Bn	71.83 Bn	1.80 Bn	72.57%
9	Block	49.56 Bn	43.13 Bn	3.17 Bn	47.84%
10	Xunlei	379.18 Mn	102.32 Mn	57.31 Mn	56.13%

Historic Data

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