Xunlei Ltd (XNET) Form 6-K — Aug 13, 2026
Xunlei Limited reported Q2 2026 total revenues of US$102.7 million, up 38.9% year over year, driven by subscription revenue of US$44.5 million (+22.6%) and live-streaming and other services revenue of US$58.2 million (+54.8%). Despite the top-line growth, the company swung to a GAAP net loss from continuing operations of US$218.5 million versus net income of US$726.4 million a year earlier, driven by US$213.8 million in other losses from fair value changes of its long-term investment in Arashi Vision. Non-GAAP net loss from continuing operations was US$2.1 million, compared with non-GAAP net income of US$7.2 million in Q2 2025.
Key figures
- Eps
- -$3.43 per ADS (diluted, continuing operations)
- Revenue
- $102.7 million
- Net Income
- -$218.5 million (net loss from continuing operations)
- Revenue Yoy
- +38.9%
- Cash Position
- $276.9 million (cash, cash equivalents and short-term investments)
- Shares Outstanding
- 318,702,251 as of June 30, 2026
- Ga Expenses
- $12.7 million (12.4% of revenue)
- Rd Expenses
- $21.4 million (20.8% of revenue)
- Gross Margin
- 55.8% vs 63.0% in Q2 2025
- Gross Profit
- $57.3 million (+23.1% YoY)
- Total Assets
- $1,181.4 million
- Operating Loss
- -$4.8 million vs +$0.3 million operating income in Q2 2025
- Bank Borrowings
- $30.8 million short-term/current portion and $25.7 million non-current
- Non Gaa PNet Loss
- -$2.1 million from continuing operations
- Other Losses Net
- -$213.8 million, driven by fair value changes of the Arashi Vision investment
- Treasury Shares
- 56,299,689 as of June 30, 2026 vs 60,724,939 as of December 31, 2025
- Total Liabilities
- $199.1 million
- Prior Year Net Income
- $726.4 million in Q2 2025
- Subscription Revenue
- $44.5 million (+22.6% YoY)
- Livestreaming Revenue
- $58.2 million (+54.8% YoY)
- Sales Marketing Expenses
- $27.9 million (27.2% of revenue)
- Non Gaap Diluted Loss Per Ads
- -$0.03 vs +$0.12 in Q2 2025
AI analysis
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