Xunlei (XNET) Operating Expenses (2013 - 2025)
Xunlei recorded quarterly Operating Expenses of -$57.0 million in Q4 2025, up 1.42% quarter-over-quarter from -$57.8 million in Q3 2025, and up 11.09% year-over-year from -$51.3 million in Q4 2024.
Xunlei's Operating Expenses history runs 13 years deep, the most recent figure standing at -$57.0 million for Q4 2025.
- In Q4 2025, Operating Expenses rose 11.09% year-over-year to -$57.0 million; the TTM figure through Dec 2025 stood at -$210.9 million (down 15.08% YoY), while the FY2025 annual figure was $210.9 million, up 15.08% from the prior year.
- Operating Expenses came in at -$57.0 million for Q4 2025 at Xunlei, up from -$57.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$24.4 million in Q1 2021 to a low of -$64.1 million in Q4 2024.
- A 5-year average of -$40.7 million and a median of -$39.3 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses increased 23.71% in 2021 and slumped 57.27% in 2024, its largest moves.
- Xunlei's Operating Expenses stood at -$35.0 million in 2021, then retreated by 6.4% to -$37.2 million in 2022, then retreated by 9.53% to -$40.8 million in 2023, then plunged by 57.27% to -$64.1 million in 2024, then increased by 11.09% to -$57.0 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$57.0 million, -$57.8 million, and -$50.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 11.73 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 1.57 Bn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 2.22 Bn |
| 10 | Xunlei | - | - | 61.67 Mn | -56.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -56.99 Mn |
| Sep 30, 2025 | -57.82 Mn |
| Jun 30, 2025 | -50.11 Mn |
| Mar 31, 2025 | -45.99 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 |
| Mar 31, 2021 | -24.39 Mn |
| Dec 31, 2020 | -22.74 Mn |
| Sep 30, 2020 | -23.72 Mn |
| Jun 30, 2020 | -34.09 Mn |
| Mar 31, 2020 | -31.98 Mn |
| Dec 31, 2019 | -35.58 Mn |
| Sep 30, 2019 | -32.52 Mn |
| Jun 30, 2019 | -34.17 Mn |
| Mar 31, 2019 | -34.91 Mn |
| Dec 31, 2018 | -48.56 Mn |
| Sep 30, 2018 | -42.05 Mn |
| Jun 30, 2018 | -38.42 Mn |
| Mar 31, 2018 | -30.24 Mn |
| Dec 31, 2017 | -35.79 Mn |
| Sep 30, 2017 | -47.73 Mn |
| Jun 30, 2017 | -27.29 Mn |
| Mar 31, 2017 | -26.11 Mn |
| Dec 31, 2016 | -27.54 Mn |
| Sep 30, 2016 | -30.28 Mn |
| Jun 30, 2016 | -24.09 Mn |
| Mar 31, 2016 | -25.84 Mn |
| Dec 31, 2015 | -23.03 Mn |
| Sep 30, 2015 | -19.62 Mn |
| Jun 30, 2015 | -19.94 Mn |
| Mar 31, 2015 | -19,478.00 |
| Dec 31, 2014 | -20.62 Mn |
| Sep 30, 2014 | -18.37 Mn |
| Jun 30, 2014 | -16.63 Mn |
| Mar 31, 2014 | -14.11 Mn |
| Dec 31, 2013 | -25.07 Mn |
| Sep 30, 2013 | -21.37 Mn |
| Jun 30, 2013 | -17.14 Mn |