Xunlei (XNET) Operating Expenses (2013 - 2026)
Xunlei (XNET) posted Operating Expenses of -$53.4 million for Q1 2026, down 3.53% sequentially from -$51.6 million in Q4 2025, and down 31.71% YoY from -$78.2 million in Q1 2025.
Xunlei (XNET) Operating Expenses (2013 - 2026) Analysis & Trends
Xunlei has reported Operating Expenses for 14 years, with the latest figure at -$53.4 million in Q1 2026.
- Quarterly Operating Expenses fell 31.71% year-over-year to -$53.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$212.9 million (down 15.08% YoY) and the FY2025 annual result came in at $210.9 million, up 15.08% from the prior year.
- Operating Expenses eased to -$53.4 million in Q1 2026 per XNET's latest filing, from -$51.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$30.2 million in Q3 2022 and troughed at -$64.1 million in Q4 2024.
- A 5-year average of -$43.1 million and a median of -$40.5 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 57.27% in 2024, then gained 19.53% in 2025.
- Over 5 years, Operating Expenses stood at -$37.2 million in 2022, then decreased by 9.53% to -$40.8 million in 2023, then sank by 57.27% to -$64.1 million in 2024, then advanced by 19.53% to -$51.6 million in 2025, then decreased by 3.53% to -$53.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$53.4 million, -$51.6 million, and -$57.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 13.05 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 726.59 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Xunlei | 413.19 Mn | -304.21 Bn | 57.70 Mn | -53.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -53.40 Mn |
| Dec 31, 2025 | -51.58 Mn |
| Sep 30, 2025 | -57.82 Mn |
| Jun 30, 2025 | -50.11 Mn |
| Mar 31, 2025 | -40.54 Mn |
| Dec 31, 2024 | -64.10 Mn |
| Sep 30, 2024 | -40.63 Mn |
| Jun 30, 2024 | -39.73 Mn |
| Mar 31, 2024 | -38.81 Mn |
| Dec 31, 2023 | -40.76 Mn |
| Sep 30, 2023 | -40.06 Mn |
| Jun 30, 2023 | -45.01 Mn |
| Mar 31, 2023 | -38.87 Mn |
| Dec 31, 2022 | -37.21 Mn |
| Sep 30, 2022 | -30.16 Mn |
| Jun 30, 2022 | -33.00 Mn |
| Mar 31, 2022 | -31.00 Mn |
| Dec 31, 2021 | -34.98 Mn |
| Sep 30, 2021 | -35.05 Mn |
| Jun 30, 2021 | -30.08 Mn |