v3.26.1

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenue, net
Total revenue, net	$ 29,210	$ 33,897
Cost of sales
Labor	15,337	17,477
Occupancy	3,625	3,712
Products and other operating costs	2,742	3,789
Total cost of sales	21,704	24,978
Gross Profit	7,506	8,919
Depreciation and amortization	862	938
Impairment of long-lived assets	3,149	1,711
Goodwill impairment	1,389	0
Loss on disposal of assets, net	40	90
Impairment of operating lease right-of-use assets	1,736	2,805
General and administrative	16,000	20,082
Total operating expenses	23,176	25,626
Operating loss	(15,670)	(16,707)
Change in fair value of derivative liabilities	(80)
Change in fair value of warrant liability	3,215
Loss on issuance of Series G Preferred Stock	(3,443)
Interest income, net	661	380
Foreign exchange loss	(654)	(259)
Gain on investments, realized and unrealized	61	356
Other non-operating expense, net	(167)	(211)
Loss before income taxes	(16,077)	(16,441)
Income tax expense	(29)	(49)
Net loss	(16,106)	(16,490)
Net loss attributable to noncontrolling interests	(885)	(363)
Net loss attributable to XWELL, Inc.	(16,991)	(16,853)
Net loss	(16,106)	(16,490)
Other comprehensive income (loss) from operations	467	69
Comprehensive loss	(15,639)	(16,421)
Loss per share
Preferred stock dividends	(509)	0
Preferred stock accretion	(4,000)	0
Less: deemed dividend on warrant exchange	(2,334)
Less: deemed dividend on Exchange of Series G Preferred Stock	(4,399)
Net loss attributable to XWELL, Inc. common stockholders	$ (28,233)	$ (16,853)
Basic loss per share (in dollars per share)	$ (5.08)	$ (3.66)
Diluted loss per share (in dollars per share)	$ (5.08)	$ (3.66)
Weighted-average number of shares outstanding
Basic (in shares)	5,560,015	4,610,940
Diluted (in shares)	5,560,015	4,610,940
Services
Revenue, net
Total revenue, net	$ 26,268	$ 30,660
Products
Revenue, net
Total revenue, net	$ 2,942	$ 3,237

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(26))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-5

XWELL, Inc. 10-K