Xunlei (XNET) Gross Margin (2013 - 2025)
Xunlei recorded quarterly Gross Margin of 43.04% in Q4 2025, down 10.14% quarter-over-quarter from 47.9% in Q3 2025, and down 864.0% year-over-year from 5.63% in Q4 2024.
Xunlei's Gross Margin history runs 13 years deep, the most recent figure standing at 43.04% for Q4 2025.
- In Q4 2025, Gross Margin fell 864.0% year-over-year to 43.04%; the TTM figure through Dec 2025 stood at 47.05% (down 461.0% YoY), while the FY2025 annual figure was 47.05%, down 461.0% from the prior year.
- Gross Margin came in at 43.04% for Q4 2025 at Xunlei, down from 47.9% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 53.72% in Q1 2021 to a low of 38.8% in Q4 2022.
- A 5-year average of 47.23% and a median of 48.4% in 2021 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 961 bps in 2022 and jumped 1341 bps in 2024, its largest moves.
- Xunlei's Gross Margin stood at 46.74% in 2021, then fell by 17 bps to 38.8% in 2022, then surged by 34 bps to 51.94% in 2023, then slipped by 0 bps to 51.69% in 2024, then fell by 17 bps to 43.04% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 43.04%, 47.9%, and 49.27% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 88.06% |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 73.54% |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 96.68% |
| 10 | Xunlei | - | - | 61.67 Mn | 43.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 43.04% |
| Sep 30, 2025 | 47.90% |
| Jun 30, 2025 | 49.27% |
| Mar 31, 2025 | 49.69% |
| Dec 31, 2024 | 51.69% |
| Sep 30, 2024 | 50.48% |
| Jun 30, 2024 | 51.13% |
| Mar 31, 2024 | 53.31% |
| Dec 31, 2023 | 51.94% |
| Sep 30, 2023 | 44.57% |
| Jun 30, 2023 | 43.97% |
| Mar 31, 2023 | 39.91% |
| Dec 31, 2022 | 38.80% |
| Sep 30, 2022 | 39.90% |
| Jun 30, 2022 | 43.10% |
| Mar 31, 2022 | 44.11% |
| Dec 31, 2021 | 46.74% |
| Sep 30, 2021 | 48.90% |
| Jun 30, 2021 | 52.50% |
| Mar 31, 2021 | 53.72% |
| Dec 31, 2020 | 53.35% |
| Sep 30, 2020 | 51.88% |
| Jun 30, 2020 | 46.00% |
| Mar 31, 2020 | 49.30% |
| Dec 31, 2019 | 37.09% |
| Sep 30, 2019 | 44.05% |
| Jun 30, 2019 | 46.75% |
| Mar 31, 2019 | 51.25% |
| Dec 31, 2018 | 44.31% |
| Sep 30, 2018 | 52.66% |
| Jun 30, 2018 | 52.73% |
| Mar 31, 2018 | 47.82% |
| Dec 31, 2017 | 48.21% |
| Sep 30, 2017 | 35.49% |
| Jun 30, 2017 | 37.05% |
| Mar 31, 2017 | 35.40% |
| Dec 31, 2016 | 43.54% |
| Sep 30, 2016 | 47.97% |
| Jun 30, 2016 | 50.64% |
| Mar 31, 2016 | 46.49% |
| Dec 31, 2015 | 48.80% |
| Sep 30, 2015 | 52.72% |
| Jun 30, 2015 | 53.75% |
| Mar 31, 2015 | 59.75% |
| Dec 31, 2014 | 61.46% |
| Sep 30, 2014 | 59.55% |
| Jun 30, 2014 | 54.52% |
| Mar 31, 2014 | 54.39% |
| Dec 31, 2013 | 33.04% |
| Sep 30, 2013 | 49.77% |
| Jun 30, 2013 | 50.17% |