Xunlei Limited XNET NASDAQ

Xunlei Limited (XNET) reported exceptional year-over-year revenue growth of +42.7% through 2025-12 (TTM revenue vs prior-year TTM). The latest quarter net income was –$230M, with a YoY change of +86094.8%. The net profit margin is -160.5%, which is negative. the company was profitable in 2 out of the last 4 quarters. The gross margin is 47.7% (moderate), down 4.2pp vs the prior year. With a market cap data available, MOAT composite score of 42/100 (low competitive position).

Criteria proven by this page:

• GROWTH (90/100, Pass) — proving strong growth momentum
• PAST (100/100, Fail) — the company has frequently reported losses. Looking at the full 17-year annual history, the company was profitable in 10 of 17 years — a mixed long-term record
• INCOME (100/100, Fail) — the company is currently operating at a loss
• MOAT (42/100, Fail) — limited competitive moat based on margins and scale

Overall SharesGrow Score: 81/100 with 5/7 criteria passed.