Xunlei (XNET) Operating Expenses (2013 - 2026)

Xunlei (XNET) reported Operating Expenses of -$53.4 million for Q1 2026, down 31.71% on a YoY basis from -$78.2 million in Q1 2025, and down 3.53% sequentially from -$51.6 million in Q4 2025.

Xunlei (XNET) Operating Expenses (2013 - 2026) Analysis & Trends

Xunlei (XNET) has 14 years of Operating Expenses data on file, last reported at -$53.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 31.71% year-over-year to -$53.4 million; the trailing twelve-month figure through Mar 2026 stood at -$212.9 million (down 15.08% YoY), and the FY2025 full-year result was $210.9 million, up 15.08% from the prior year.
  • Operating Expenses eased to -$53.4 million in Q1 2026, from -$51.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$30.2 million in Q3 2022 to a low of -$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.
  • Across the five-year window, Operating Expenses sank 57.27% in 2024 and increased 19.53% in 2025, its largest moves.
  • Tracing XNET's Operating Expenses over 5 years: stood at -$37.2 million in 2022, then declined by 9.53% to -$40.8 million in 2023, then slumped by 57.27% to -$64.1 million in 2024, then increased by 19.53% to -$51.6 million in 2025, then declined by 3.53% to -$53.4 million in 2026.
  • Business Quant data shows XNET's Operating Expenses at -$53.4 million in Q1 2026, -$51.6 million in Q4 2025, and -$57.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn -363.49 Mn
3 Oracle 329.59 Bn 297.69 Bn - 13.05 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 979.89 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 517.59 Mn
10 Xunlei 1.74 Bn -301.84 Bn 57.70 Mn -53.40 Mn

Historic Data

Download Data
DateValue
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