For the quarter ending 2026-03-31, XWEL has $24,992K in assets. $14,914K in debts. $16,800K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 16,800 | 2,617 | 3,987 | 5,263 |
| Marketable securities | 7 | 7 | 237 | 2,885 |
| Accounts receivable | 1,317 | 1,560 | 1,483 | 1,468 |
| Inventory | 453 | 509 | 516 | 560 |
| Other current assets | 1,170 | 1,217 | 4,591 | 1,657 |
| Total current assets | 19,747 | 5,910 | 10,814 | 11,833 |
| Restricted cash | 252 | 251 | 251 | 251 |
| Property and equipment, net | 1,773 | 1,665 | 3,884 | 2,937 |
| Intangible assets, net | 61 | 101 | 794 | 870 |
| Operating lease right of use assets, net | 954 | 1,039 | 2,615 | 2,997 |
| Goodwill | - | - | 1,389 | 1,389 |
| Security deposits | 2,104 | 2,127 | - | - |
| Other assets | 101 | 124 | 1,995 | 2,168 |
| Total assets | 24,992 | 11,217 | 21,742 | 22,445 |
| Accounts payable | 3,535 | 2,836 | 3,142 | 1,862 |
| Accrued expenses and other current liabilities | 2,275 | 2,940 | 2,914 | 3,572 |
| Accrued series g convertible preferred payable | - | 538 | 800 | 829 |
| Current portion of operating lease liabilities | 1,789 | 1,862 | 2,073 | 2,176 |
| Deferred revenue | 790 | 1,126 | 1,127 | 1,037 |
| Convertible senior secured note, net | - | 3,590 | - | - |
| Total current liabilities | 8,389 | 12,892 | 10,056 | 9,476 |
| Derivative liability | - | - | 803 | 1,036 |
| Derivative liabilities | - | 3,870 | - | - |
| Operating lease liabilities | 6,525 | 7,035 | 7,486 | 7,809 |
| Total liabilities | 14,914 | 23,797 | 18,345 | 18,321 |
| Series g convertible preferred stock, 0.01 par value per share and 1,000 stated value per share, 4,000 shares authorized 196 and 0 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively liquidation preference of 380 as of december 31, 2025 | - | 224 | 331 | 415 |
| Common stock, 0.01 par value per share, 150,000,000 shares authorized 7,926,766 and 6,071,324 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively | 79 | 61 | 58 | 53 |
| Additional paid-in capital | 502,869 | 468,915 | 475,305 | 475,822 |
| Accumulated deficit | -500,899 | -489,697 | -480,418 | -479,694 |
| Accumulated other comprehensive loss | -1,660 | -1,541 | -1,278 | -1,362 |
| Total equity (deficit) attributable to xwell, inc | 389 | -22,262 | -6,333 | -5,181 |
| Noncontrolling interests | 9,689 | 9,458 | 9,399 | 8,890 |
| Total equity (deficit) | 10,078 | -12,804 | 3,066 | 3,709 |
| Total liabilities, temporary equity and equity | 24,992 | 11,217 | 21,742 | 22,445 |
XWELL, Inc. (XWEL)
XWELL, Inc. (XWEL)