On April 1, 2026, XWELL, Inc. (Nasdaq: XWEL) announced its financial results for the fiscal year ended December 31, 2025. The company reported revenue of approximately $29.2 million, which reflects a significant achievement in its operational strategy. Notably, XWELL's total operating expenses decreased by approximately 10% compared to the previous year, indicating improved cost management. The cost of sales also saw a reduction of about 13%, contributing to a more favorable financial position. General and administrative expenses were down by approximately 20% year-over-year, showcasing the company's commitment to operational efficiency.

In December 2025, XWELL opened a new wellness retail location in New York City’s Pennsylvania Station, marking a strategic expansion beyond airport terminals. This new location is designed to provide a tech-forward, convenient grab-and-go wellness experience, which aligns with the company's goal of diversifying access points for its services. Furthermore, in February 2026, XWELL entered into a strategic partnership with PieQ to develop a biosecurity forecasting platform in support of the CDC, highlighting its commitment to public health and safety.

The company also announced a private placement in February 2026, resulting in gross proceeds of approximately $31.3 million, which will be utilized for various corporate purposes, including the repurchase of certain outstanding notes and working capital needs. CEO Ezra Ernst expressed confidence in the company's strategic priorities, emphasizing the importance of extending services beyond airports and enhancing brand relevance. XWELL's ongoing partnership with the CDC and its operational discipline position the company well for future growth and value creation.

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