Tearsheet

Xunlei (XNET)

Market Price (9/4/2025): $7.295 | Market Cap: $455.5 Mil
Sector: Information Technology | Industry: Systems Software

Xunlei (XNET)

Market Price (9/4/2025): $7.295
Market Cap: $455.5 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 150%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 146%		Stock price has recently run up significantly 12M Rtn12 month market price return is 388%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -43%		Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 150%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 146%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -43%
2	Stock price has recently run up significantly 12M Rtn12 month market price return is 388%
3	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84%

Market Valuation

	9/4/25	2024	2023	2022	2021
Share Price CYE	$7.29	$1.99	$1.62	$1.82	$2.01
Market Cap CYE ($ Mil)	455.5	124.8	105.6	120.1	134.7
Total Debt ($ Mil)	70.3	29.6	23.0	32.4	20.2
Total Cash ($ Mil)	275.6	287.5	271.9	260.8	239.0
Enterprise Value ($ Mil)	250.2	154.4	128.6	152.5	154.9
Valuation Ratios
P/S TTM	1.3	0.4	0.3	0.4	0.6
P/EBIT TTM	0.6	-77.9	5.3	4.8	124.8
P/E TTM	0.6	104.4	7.4	5.7	113.0
Sector Ratios
P/S TTM (Sector)	4.2	4.5	4.5	3.4	6.3
P/EBIT TTM (Sector)	17.8	15.7	13.0	8.5	12.9
P/E TTM (Sector)	19.6	18.0	16.4	9.8	15.1

	9/4/25	2024	2023
Share Price CYE	$7.29	$1.99	$1.62
Market Cap CYE ($ Mil)	455.5	124.8	105.6
Total Debt ($ Mil)	70.3	29.6	23.0
Total Cash ($ Mil)	275.6	287.5	271.9
Enterprise Value ($ Mil)	250.2	154.4	128.6
Valuation Ratios
P/S TTM	1.3	0.4	0.3
P/EBIT TTM	0.6	-77.9	5.3
P/E TTM	0.6	104.4	7.4
Sector Ratios
P/S TTM (Sector)	4.2	4.5	4.5
P/EBIT TTM (Sector)	17.8	15.7	13.0
P/E TTM (Sector)	19.6	18.0	16.4

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Xunlei Limited, together with its subsidiaries, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud technology that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
XNET Return	-41%	-30%	-9%	-11%	23%	287%	57%
Peers Return	13%	13%	-37%	34%	-28%	-22%	-40%
S&P 500 Return	16%	27%	-19%	24%	23%	10%	100%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GEN, PATH, S, VRNT, AILE.
[3] 2025 data is for the year up to 9/3/2025 (YTD)

Better Bets than Xunlei (XNET)

	XNET	Better Performance than XNET
Metric	Value	Industry (Systems Software)
Rev Chg LTM	11.2%	MSFT (14.9%), NOW (21.1%), PANW (14.9%), CRWD (23.5%), NET (27.8%)
Rev Chg 3Y Avg	9.5%	MSFT (12.5%), NOW (22.3%), PANW (18.9%), CRWD (33.5%), NET (34.5%)
Op Mgn LTM	0.1%	MSFT (45.6%), NOW (13.3%), PANW (13.5%), FTNT (30.9%), BSQKZ (8.6%)
Total Yield	149.9%	KSPI (8214.7%), OCLCF (398.5%), TMICF (1456.2%), TMICY (1606.7%)

	XNET	Better Performance than XNET
Metric	Value	Sector (Information Technology)
Rev Chg LTM	11.2%	NVDA (71.6%), MSFT (14.9%), AVGO (33.9%), TSM (39.5%), PLTR (38.8%)
Rev Chg 3Y Avg	9.5%	NVDA (92.0%), MSFT (12.5%), AVGO (24.1%), TSM (22.5%), ORCL (10.7%)
Op Mgn LTM	0.1%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), AVGO (37.5%), TSM (48.7%)
Total Yield	149.9%	KYCCF (403.5%), HNHPF (200.6%), TOELY (583.8%), TOELF (590.9%), ATEYY (162.9%)

	XNET	Better Performance than XNET
Metric	Value	All Other Sectors
Rev Chg LTM	11.2%	GOOGL (13.1%), META (19.4%), TCEHY (15.5%), TCTZF (15.5%), LLY (36.8%)
Rev Chg 3Y Avg	9.5%	GOOGL (10.2%), AMZN (11.3%), META (13.0%), BRK-B (16.6%), TSLA (12.9%)
Op Mgn LTM	0.1%	GOOGL (32.7%), AMZN (11.4%), META (42.9%), TSLA (6.2%), WMT (4.2%)
Total Yield	149.9%	TOYOF (2128.7%), TM (2167.2%), HDB (369.9%), MBFJF (1068.6%), MUFG (1075.0%)

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	XELA	Exela Technologies	212.4%	-95.5%
2	TKCM	Token Communities	82.8%	-64.7%
3	ANGGF	Angang Steel	61.2%	25.0%
4	BATMF	British American Tobacco Malaysia	43.4%	59.2%
5	KYSEF	Kyushu Electric Power	32.1%	32.1%
6	STTK	Shattuck Labs	26.7%	5.8%
7	KTHAF	Krung Thai Bank	24.0%	24.0%
8	SFOSF	Shanghai Fosun Pharmaceutical	23.7%	61.7%
9	INDOY	Indorama Ventures	20.9%	-5.5%
10	M	Macy's	20.7%	-1.0%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	PTLKF	PT Lippo Karawaci	-95.2%	-94.7%
2	MGAWF	Megaworld	-71.0%	-71.0%
3	PTTMF	PT Timah	-62.8%	-83.1%
4	PTJSF	PT Jasa Marga	-50.9%	-50.9%
5	UNLRF	PT Unilever Indonesia	-41.3%	-17.6%
6	DLNDY	D&L Industries	-37.5%	-30.7%
7	SUCEF	Sumitomo Osaka Cement	-37.4%	-37.4%
8	PTKFF	PT Kalbe Farma	-34.7%	-32.1%
9	SMTGF	SMA Solar Technology	-30.1%	28.4%
10	PMDKF	PT Mitra Adiperkasa	-28.6%	-48.9%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	EAF	GrafTech International	804.0%	-47.2%
2	RLMD	Relmada Therapeutics	122.3%	182.7%
3	XELA	Exela Technologies	109.6%	-95.5%
4	PSNYW	Polestar Automotive UK	96.2%	141.5%
5	TKCM	Token Communities	82.8%	-64.7%
6	PHJMF	PT Hanjaya Mandala Sampoerna	66.7%	34.8%
7	ANGGF	Angang Steel	61.2%	25.0%
8	DTNOF	DNO	49.5%	141.9%
9	BW	Babcock & Wilcox Enterprises	48.5%	54.9%
10	MDB	MongoDB	46.0%	34.4%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	COSG	Grand Gallery	-100.0%	�
2	PTLKF	PT Lippo Karawaci	-95.2%	-94.7%
3	NXTT	Next Technology	-74.5%	-89.4%
4	SCGY	Scientific Energy	-72.7%	-26.9%
5	MGAWF	Megaworld	-71.0%	-71.0%
6	TTOO	T2 Biosystems	-67.7%	-99.0%
7	PTTMF	PT Timah	-62.8%	-83.1%
8	PIGEF	Pigeon	-62.4%	-62.4%
9	NEGG	Newegg Commerce	-53.8%	290.6%
10	PTJSF	PT Jasa Marga	-50.9%	-50.9%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	MMEX	MMEX Resources	∞%	-50.0%
2	TAWNF	Thai Airways International	3674.5%	3400.0%
3	NOKPF	Nok Airlines	2400.0%	81.8%
4	AYRWF	Ayr Wellness	509.5%	-94.6%
5	XELA	Exela Technologies	379.0%	-95.5%
6	SRNE	Sorrento Therapeutics	233.3%	900.0%
7	PGEN	Precigen	169.9%	324.1%
8	TLS	Telos	154.7%	89.2%
9	SATS	EchoStar	142.7%	179.1%
10	RLMD	Relmada Therapeutics	139.0%	182.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	COSG	Grand Gallery	-100.0%	�
2	PTLKF	PT Lippo Karawaci	-95.2%	-94.7%
3	TTOO	T2 Biosystems	-94.8%	-99.0%
4	NXTT	Next Technology	-86.5%	-89.4%
5	OTRK	Ontrak	-78.2%	-96.6%
6	SCGY	Scientific Energy	-72.7%	-26.9%
7	PPCB	Propanc Biopharma	-72.1%	-79.1%
8	MGAWF	Megaworld	-71.0%	-71.0%
9	PTTMF	PT Timah	-62.8%	-83.1%
10	PIGEF	Pigeon	-62.4%	-62.4%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	XELA	Exela Technologies	212.4%	-95.5%
2	TKCM	Token Communities	82.8%	-64.7%
3	ANGGF	Angang Steel	61.2%	25.0%
4	BATMF	British American Tobacco Malaysia	43.4%	59.2%
5	KYSEF	Kyushu Electric Power	32.1%	32.1%
6	STTK	Shattuck Labs	26.7%	5.8%
7	KTHAF	Krung Thai Bank	24.0%	24.0%
8	SFOSF	Shanghai Fosun Pharmaceutical	23.7%	61.7%
9	INDOY	Indorama Ventures	20.9%	-5.5%
10	M	Macy's	20.7%	-1.0%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	PTLKF	PT Lippo Karawaci	-95.2%	-94.7%
2	MGAWF	Megaworld	-71.0%	-71.0%
3	PTTMF	PT Timah	-62.8%	-83.1%
4	PTJSF	PT Jasa Marga	-50.9%	-50.9%
5	UNLRF	PT Unilever Indonesia	-41.3%	-17.6%
6	DLNDY	D&L Industries	-37.5%	-30.7%
7	SUCEF	Sumitomo Osaka Cement	-37.4%	-37.4%
8	PTKFF	PT Kalbe Farma	-34.7%	-32.1%
9	SMTGF	SMA Solar Technology	-30.1%	28.4%
10	PMDKF	PT Mitra Adiperkasa	-28.6%	-48.9%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	EAF	GrafTech International	804.0%	-47.2%
2	RLMD	Relmada Therapeutics	122.3%	182.7%
3	XELA	Exela Technologies	109.6%	-95.5%
4	PSNYW	Polestar Automotive UK	96.2%	141.5%
5	TKCM	Token Communities	82.8%	-64.7%
6	PHJMF	PT Hanjaya Mandala Sampoerna	66.7%	34.8%
7	ANGGF	Angang Steel	61.2%	25.0%
8	DTNOF	DNO	49.5%	141.9%
9	BW	Babcock & Wilcox Enterprises	48.5%	54.9%
10	MDB	MongoDB	46.0%	34.4%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	COSG	Grand Gallery	-100.0%	�
2	PTLKF	PT Lippo Karawaci	-95.2%	-94.7%
3	NXTT	Next Technology	-74.5%	-89.4%
4	SCGY	Scientific Energy	-72.7%	-26.9%
5	MGAWF	Megaworld	-71.0%	-71.0%
6	TTOO	T2 Biosystems	-67.7%	-99.0%
7	PTTMF	PT Timah	-62.8%	-83.1%
8	PIGEF	Pigeon	-62.4%	-62.4%
9	NEGG	Newegg Commerce	-53.8%	290.6%
10	PTJSF	PT Jasa Marga	-50.9%	-50.9%

Peer Comparisons for Xunlei

Financials

	XNET	GEN	PATH	S	VRNT	AILE	Median
Name	Xunlei	Gen Digi.	UiPath	Sentinel.	Verint S.	iLearnin.
Mkt Price	7.71	29.66	10.88	18.02	20.41	-	18.02
Mkt Cap	0.5	18.3	6.0	6.0	1.2	-	6.0
Rev LTM	356	4,227	1,451	907	894	237	901
Op Inc LTM	0	1,660	-130	-328	77	-84	-42
FCF LTM	-	1,349	313	17	113	-16	113
FCF 3Y Avg	-	1,398	244	-44	120	-	182
CFO LTM	-	1,366	340	41	138	-16	138
CFO 3Y Avg	-	1,412	261	-22	149	-	205

Growth & Margins

	XNET	GEN	PATH	S	VRNT	AILE	Median
Name	Xunlei	Gen Digi.	UiPath	Sentinel.	Verint S.	iLearnin.
Rev Chg LTM	11.2%	10.6%	7.2%	25.4%	-2.3%	-	10.6%
Rev Chg 3Y Avg	9.5%	14.8%	15.3%	45.6%	-0.2%	-	14.8%
Rev Chg Q	30.5%	30.3%	6.4%	21.7%	-1.0%	-	21.7%
QoQ Delta Rev Chg LTM	7.3%	7.4%	1.5%	5.0%	-0.2%	-	5.0%
Op Mgn LTM	0.1%	39.3%	-8.9%	-36.2%	8.6%	-35.4%	-4.4%
Op Mgn 3Y Avg	1.5%	36.6%	-15.5%	-53.2%	8.9%	-	1.5%
QoQ Delta Op Mgn LTM	0.1%	-1.9%	2.4%	2.1%	-1.2%	-	0.1%
CFO/Rev LTM	-	32.3%	23.4%	4.5%	15.5%	-6.8%	15.5%
CFO/Rev 3Y Avg	-	36.3%	19.3%	-5.5%	16.6%	-	17.9%
FCF/Rev LTM	-	31.9%	21.6%	1.8%	12.6%	-6.8%	12.6%
FCF/Rev 3Y Avg	-	35.9%	18.0%	-8.7%	13.4%	-	15.7%

Valuation

	XNET	GEN	PATH	S	VRNT	AILE	Median
Name	Xunlei	Gen Digi.	UiPath	Sentinel.	Verint S.	iLearnin.
Mkt Cap	0.5	18.3	6.0	6.0	1.2	-	6.0
P/S	1.4	4.3	4.1	6.6	1.4	-	4.1
P/EBIT	0.7	11.2	-46.1	-19.6	15.3	-	0.7
P/E	0.7	30.7	-88.4	-13.9	20.0	-	0.7
P/CFO	-	13.4	17.6	146.7	8.9	-	15.5
Total Yield	149.9%	5.0%	-1.1%	-7.2%	5.0%	-	5.0%
Dividend Yield	0.0%	1.7%	0.0%	0.0%	0.0%	-	0.0%
FCF Yield 3Y Avg	-	9.1%	3.3%	-1.0%	7.1%	-	5.2%
D/E	0.1	0.5	0.0	0.0	0.4	-	0.1
Net D/E	-0.4	0.4	-0.2	-0.1	0.2	-	-0.1

Returns

	XNET	GEN	PATH	S	VRNT	AILE	Median
Name	Xunlei	Gen Digi.	UiPath	Sentinel.	Verint S.	iLearnin.
1M Rtn	66.9%	2.8%	-4.1%	-2.3%	-3.5%	-	-2.3%
3M Rtn	28.3%	2.4%	-16.6%	0.3%	11.3%	-	2.4%
6M Rtn	81.4%	8.6%	-9.9%	-10.3%	-8.6%	-	-8.6%
12M Rtn	388.0%	15.7%	-13.6%	-21.2%	-32.4%	-	-13.6%
3Y Rtn	394.0%	38.5%	-32.4%	-28.7%	-56.3%	-	-28.7%
1M Excs Rtn	65.0%	0.9%	-5.9%	-4.1%	-5.3%	-	-4.1%
3M Excs Rtn	24.7%	-4.8%	-24.6%	-8.7%	6.6%	-	-4.8%
6M Excs Rtn	92.4%	-1.9%	-19.3%	-21.0%	-19.7%	-	-19.3%
12M Excs Rtn	354.8%	-1.1%	-30.6%	-41.0%	-51.2%	-	-30.6%
3Y Excs Rtn	380.2%	-19.6%	-94.7%	-94.0%	-117.6%	-	-94.0%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		4/24/2025	4/23/2024	4/26/2023	4/28/2022	4/26/2021	4/28/2020
Key Financials
Total Revenue	356	323	364	341	239	186	181
Ebitda	712	5	26	29	10	2	-36
Operating Income	0	6	2	14	-0	-15	-54
Net Income	722	1	14	21	1	-14	-53
EPS	11.56	0.02	0.22	0.32	0.02	-0.20	-0.79
Growth Rates
Total Revenue Growth	11.2%	-11.2%	6.5%	43.0%	28.1%	3.2%	-21.7%
EBITDA Growth	3385.1%	-79.6%	-11.3%	180.3%	556.6%	104.4%	-6.5%
Operating Income Growth	-93.0%	284.2%	-88.4%	4669.2%	98.0%	71.9%	-27.7%
Net Income Growth	4878.7%	-91.5%	-33.7%	1702.1%	108.6%	74.0%	-35.4%
Margins
EBITDA Margin	200.2%	1.6%	7.1%	8.6%	4.4%	0.9%	-19.9%
Operating Income Margin	0.1%	1.9%	0.4%	4.0%	-0.1%	-8.1%	-29.9%
Net Income Margin	202.8%	0.4%	3.9%	6.3%	0.5%	-7.4%	-29.4%
Cash & Debt
Total Cash	276	288	272	261	239	255	265
Total Debt	70	30	23	32	20	22	20
Net Debt / (Cash)	-205	-258	-249	-228	-219	-233	-245
Cash Flows
Net Cash from Operations	-	31	26	51	19	-14	-46
Free Cash from Operations	-	23	21	36	6	-28	-61
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	8	5	7	-0	4	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/14/2025	5/15/2025	4/24/2025	11/14/2024	8/13/2024	5/16/2024	4/23/2024	11/14/2023	8/15/2023	5/16/2023	4/26/2023	11/10/2022
Key Financials Quarterly
Total Revenue	104	88	84	80	79	80	77	84	104	99	97	88
Ebitda	724	0	-18	6	5	6	4	6	7	3	2	10
Operating Income	1	-2	1	-0	1	4	3	-3	1	1	4	5
Net Income	728	-1	-10	5	3	4	4	4	5	1	2	8
EPS	11.65	-0.01	-0.16	0.07	0.04	0.06	0.06	0.07	0.08	0.02	0.02	0.12
Key Financials TTM
Total Revenue TTM	356	332	323	316	320	345	364	384	388	362	341	316
Ebitda TTM	712	-7	-2	20	20	22	20	18	22	23	26	23
Operating Income TTM	0	0	6	8	5	5	2	3	11	11	14	8
Net Income TTM	722	-3	1	15	14	17	14	12	16	17	21	19
Growth Rates Quarterly
Total Revenue Growth	30.5%	10.6%	9.3%	-4.9%	-23.7%	-19.1%	-20.5%	-4.7%	33.3%	25.6%	36.4%	47.3%
EBITDA Growth	15086.0%	-92.4%	-528.9%	-1.7%	-28.3%	77.0%	125.5%	-41.3%	-17.1%	-42.7%	502.2%	304.3%
Operating Income Growth	20.1%	-148.7%	-60.9%	96.0%	31.7%	629.7%	-37.4%	-150.5%	21.1%	-84.6%	526.4%	188.3%
Net Income Growth	26309.8%	-122.0%	-363.8%	4.6%	-44.9%	223.2%	127.3%	-47.4%	-16.9%	-79.4%	440.3%	263.7%
Margins Quarterly
EBITDA Margin	699.1%	0.5%	-21.2%	7.4%	6.0%	6.9%	5.4%	7.1%	6.4%	3.2%	1.9%	11.6%
Operating Income Margin	1.3%	-2.2%	1.3%	-0.1%	1.4%	5.0%	3.5%	-3.0%	0.8%	0.6%	4.5%	5.7%
Net Income Margin	702.7%	-0.9%	-11.6%	5.8%	3.5%	4.5%	4.8%	5.2%	4.8%	1.1%	1.7%	9.5%
Cash & Debt
Total Cash	276	275	288	272	263	273	272	265	259	258	261	252
Total Debt	70	28	30	15	19	18	23	33	31	32	32	32
Net Debt / (Cash)	-205	-246	-258	-257	-245	-255	-249	-232	-228	-227	-228	-219
Cash Flows Quarterly
FCF from Operations	-	-	-	-	-	-	-	-	-	-	-	-
Cash Flows TTM
FCF from Operations TTM	-	-	-	-	-	-	-	-	-	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	2.1%	-3.6%	1.1%	-0.1%	1.1%	5.1%	4.7%	-3.3%	1.1%	0.4%	6.2%	6.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	0.1%	0.0%	3.0%	2.6%	1.7%	1.9%	0.6%	1.0%	3.5%	3.2%	4.8%	2.8%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single segment	364	341
Business taxes and surcharge			-1	-0	-1
Cloud computing services and product revenue			95	64
Live streaming revenue and other internet value-added services			54	38
Subscription revenue			91	84	82
Advertising revenue					16
Cloud computing and other internet value-added services					49
Live streaming revenue					27
Product revenue					8
Total	364	341	239	186	181

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Single segment	14	21
Total	14	21

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$7.71
Market Cap ($ Bil)	0.5
First Trading Date	06/24/2014
Distance from 52W High	-12.3%
	50 Days	200 Days
DMA Price	$5.28	$3.97
DMA Trend	up	up
Distance from DMA	46.0%	94.0%
	3M	1YR
Volatility	126.5%	99.3%
Downside Capture	151.15	65.20
Upside Capture	223.81	212.48
Correlation (SPY)	18.8%	22.7%
	5D	10D
Expected Return	2.9%	5.1%
Expected Excess Return	3.0%	-4.6%
Chance of Rise	38.2%	38.1%
Std Dev of Returns	3.2%	4.1%

XNET Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.86	0.90	2.51	1.36	1.14	1.06
Up Beta	-2.83	-0.47	-0.01	0.64	0.50	0.89
Down Beta	13.01	10.14	10.83	2.46	1.93	1.31
Up Capture	281%	200%	229%	285%	406%	219%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	8	17	28	60	121	354
Down Capture	-623%	-557%	135%	109%	77%	98%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	13	24	34	64	117	355

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8152025
Short Interest: Shares Quantity	1,305,608
Short Interest: % Change Since 7312025	-1.8%
Average Daily Volume	997,812
Days-to-Cover Short Interest	1.31
Basic Shares Quantity	62,439,210
Short % of Basic Shares	2.1%

SEC Filings

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Report Date	Filing
6302025	6-K 6/30/2025
3312025	6-K 3/31/2025
12312024	20-F 12/31/2024
9302024	6-K 9/30/2024
6302024	6-K 6/30/2024
3312024	6-K 3/31/2024
12312023	20-F 12/31/2023
9302023	6-K 9/30/2023
6302023	6-K 6/30/2023
3312023	6-K 3/31/2023
12312022	20-F 12/31/2022
9302022	6-K 9/30/2022
6302022	6-K 6/30/2022
3312022	6-K 3/31/2022
12312021	20-F 12/31/2021
9302021	6-K 9/30/2021

Insider Activity

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Industry Resources

Systems Software Resources

Software Development Times

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
XNET Return	-41%	-30%	-9%	-11%	23%	287%	57%
Peers Return	13%	13%	-37%	34%	-28%	-22%	-40%
S&P 500 Return	16%	27%	-19%	24%	23%	10%	100%
Monthly Win Rates [3]
XNET Win Rate	50%	42%	33%	50%	58%	75%
Peers Win Rate	23%	48%	43%	60%	53%	37%
S&P 500 Win Rate	58%	75%	42%	67%	75%	57%
Max Drawdowns [4]
XNET Max Drawdown	-51%	-35%	-51%	-27%	-10%	-2%
Peers Max Drawdown	-8%	-1%	-42%	-20%	-46%	-38%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Xunlei (XNET)

Market Price (9/4/2025): $7.295 | Market Cap: $455.5 MilSector: Information Technology | Industry: Systems Software

Xunlei (XNET)

Market Price (9/4/2025): $7.295Market Cap: $455.5 MilSector: Information TechnologyIndustry: Systems Software

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Market Price (9/4/2025): $7.295 | Market Cap: $455.5 Mil
Sector: Information Technology | Industry: Systems Software

Market Price (9/4/2025): $7.295
Market Cap: $455.5 Mil
Sector: Information Technology
Industry: Systems Software