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| 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 |