v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Nov. 02, 2025
Dec. 31, 2024
Current assets      
Cash and cash equivalents $ 2,617   $ 4,550
Marketable Securities 7   7,247
Accounts receivable, net of allowance for credit losses 1,560   1,793
Inventory 509   501
Other current assets 1,217   1,246
Total current assets 5,910   15,337
Restricted cash 251   751
Property and equipment, net 1,665   1,809
Intangible assets, net 101   1,023
Operating lease right of use assets, net 1,039   3,409
Goodwill     1,389
Security deposits 2,127   1,535
Other assets 124   99
Total assets 11,217   25,352
Current liabilities      
Accounts payable 2,836   1,612
Accrued expenses and other current liabilities 2,940   4,088
Accrued Series G Convertible Preferred payable 538    
Current portion of operating lease liabilities 1,862   2,381
Deferred revenue 1,126   1,143
Convertible senior secured note, net 3,590    
Total current liabilities 12,892   9,224
Long-term liabilities      
Derivative liabilities 3,870 $ 865  
Operating lease liabilities 7,035   8,386
Total liabilities 23,797   17,610
Commitments and contingencies (see Note 17)  
Temporary equity      
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 $ 3,532  
Equity (Deficit)      
Common Stock, $0.01 par value per share, 150,000,000 shares authorized; 6,071,324 and 5,261,024 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 61   53
Additional paid-in capital 468,915   473,824
Accumulated deficit (489,697)   (472,706)
Accumulated other comprehensive loss (1,541)   (1,959)
Total deficit attributable to XWELL, Inc. (22,262)   (788)
Noncontrolling interests 9,458   8,530
Total equity (deficit) (12,804)   7,742
Total liabilities and equity (deficit) $ 11,217   $ 25,352