v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 11,778 $ 2,617
Marketable securities   7
Accounts receivable, net 1,824 1,560
Inventory 391 509
Other current assets 1,146 1,217
Total current assets 15,139 5,910
Restricted cash 568 251
Property and equipment, net 1,606 1,665
Intangible assets, net 20 101
Operating lease right-of-use assets, net 836 1,039
Security deposits 2,067 2,127
Other assets 290 124
Total assets 20,526 11,217
Current liabilities    
Accounts payable 1,618 2,836
Accrued expenses and other current liabilities 2,657 2,940
Accrued Series G convertible preferred stock redemption payable   538
Current portion of operating lease liabilities 1,685 1,862
Deferred revenue 708 1,126
Convertible senior secured note, net   3,590
Total current liabilities 6,668 12,892
Long-term liabilities    
Derivative liability   3,870
Operating lease liabilities 5,606 7,035
Total liabilities 12,274 23,797
Commitments and contingencies (see Note 8)
Temporary equity    
Series G Convertible Preferred Stock, $0.01 par value per share and $1,000 stated value per share, 4,000 shares authorized; 0 and 196 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; Liquidation preference of $0 as of June 30, 2026 224
Equity (deficit)    
Common stock, $0.01 par value per share, 150,000,000 shares authorized; 8,471,766 and 6,071,324 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 84 61
Additional paid-in capital 502,962 468,915
Accumulated deficit (503,139) (489,697)
Accumulated other comprehensive loss (1,761) (1,541)
Total equity (deficit) attributable to XWELL, Inc. (1,854) (22,262)
Noncontrolling interests 10,106 9,458
Total equity (deficit) 8,252 (12,804)
Total liabilities, temporary equity and equity $ 20,526 $ 11,217