NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) — XWELL, Inc. (NASDAQ:XWEL) (“XWELL” or the “Company”), a leading provider of wellness solutions for people on the go, today announced financial results for the year ended December 31, 2025.
Recent Operating Highlights
- XWELL delivered 2025 revenue of approximately $29.2 million.
- Total operating expenses decreased by approximately 10% versus the comparable prior year period.
- Cost of sales decreased approximately 13% versus 2024.
- General and administrative expenses decreased approximately 20% year-over-year.
- In December 2025, the Company opened a new wellness retail location in New York City’s Pennsylvania Station.
- In February 2026, XWELL entered into a strategic partnership with PieQ, an AI and predictive intelligence company, to develop a novel U.S. biosecurity forecasting platform in support of the Centers for Disease Control and Prevention (“CDC”).
- In February 2026, XWELL announced a private placement resulting in gross proceeds to the Company of approximately $31.3 million, before deducting fees and expenses.
“We continue to execute against our strategic priorities by expanding outside of the airport, diversifying access points and elevating brand relevance,” said Ezra Ernst, CEO of XWELL. “The opening of our off-airport wellness center in Penn Station and growth across key Florida markets reflects XWELL’s ability to extend services beyond the airport and into the everyday lives of our customers. Coupled with our long-standing CDC partnership and ongoing operational discipline, we believe XWELL is well positioned to create long-term value.”
Momentum Building Across Wellness Channels and Brands
During 2025, XWELL achieved multiple milestones that suggest the Company’s momentum in expanding beyond airport terminals and into broader consumer wellness markets. Its new off-airport locations feature a curated selection of health, wellness, and beauty treatments, each intended to deliver the cohesive, elevated, and expert-led XWELL experience to an even wider audience.
In New York City, the Company’s new Penn Station location successfully opened during the 2025 fourth quarter. Positioned as a tech-forward, convenient grab-and-go destination, the location offers wellness-focused retail, autonomous massage, and nail care services designed for seamless and efficient experiences.
During the 2025 third quarter, XWELL opened a new wellness center at Bloomingdale Square in Brandon, Florida and Waterford Lakes, Florida.
To celebrate the …