XWELL reported second quarter 2025 revenue of $7.7 million, a decrease from $9.3 million in the same period last year, primarily due to reduced CDC revenue. However, revenue increased sequentially from $7.0 million in Q1 2025. The company also reported an operating loss of $2.7 million and a net loss of $2.3 million. Despite the year-over-year revenue decline, XWELL emphasized strategic growth initiatives, including new partnerships and expansion into non-airport locations.
Revenue for Q2 2025 was $7.7 million, a decrease from $9.3 million in Q2 2024, mainly due to lower CDC revenue.
The company reported an operating loss of $2.7 million and a net loss attributable to XWELL of $2.3 million for the quarter.
XWELL expanded its operational footprint by opening a new non-airport location in Clearwater, Florida, and advancing plans for a New York City Penn Station location.
Strategic partnerships were formed with the Orlando Magic and Priority Pass, and XpresSpa was recognized as a 'Most Loved Airport Brand' by Yelp.
XWELL is focused on a multi-pronged strategy to expand its operational footprint, increase access to wellness offerings, and deepen customer engagement, with efforts already showing measurable results. The company plans to continue diversifying access points and elevating brand relevance.