Financial Statements — XNET
Balance Sheet
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.16 | 0.18 | 0.17 | 0.18 | 0.12 | 0.14 | 0.16 |
| Short-term Investments | 0.15 | 0.11 | 0.10 | 0.08 | 0.12 | 0.12 | 0.10 |
| Accounts Receivable | 0.07 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 |
| Inventory | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Total Current Assets | 0.40 | 0.36 | 0.33 | 0.33 | 0.29 | 0.30 | 0.32 |
| Property, Plant & Equipment | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 |
| Goodwill | 0.04 | -- | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Intangible Assets | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 1.23 | 0.11 | 0.14 | 0.13 | 0.15 | 0.11 | 0.11 |
| Total Assets | 1.63 | 0.47 | 0.47 | 0.46 | 0.44 | 0.42 | 0.42 |
| Accounts Payable | 0.08 | 0.05 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 |
| Short-term Debt | 0.04 | 0.00 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.21 | 0.13 | 0.13 | 0.13 | 0.12 | 0.10 | 0.11 |
| Long-term Debt | 0.30 | 0.03 | -- | -- | -- | 0.02 | -- |
| Total Non-current Liabilities* | 0.05 | 0.03 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 |
| Total Liabilities | 0.26 | 0.16 | 0.15 | 0.15 | 0.14 | 0.13 | 0.13 |
| Retained Earnings | 0.90 | (0.15) | (0.15) | (0.16) | (0.18) | (0.18) | (0.17) |
| Total Stockholder Equity | 1.37 | 0.32 | 0.32 | 0.31 | 0.30 | 0.29 | 0.30 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 0.46 | 0.32 | 0.36 | 0.34 | 0.24 | 0.19 | 0.18 |
| Cost of Revenue | 0.24 | 0.16 | 0.20 | 0.20 | 0.12 | 0.09 | 0.10 |
| Gross Profit | 0.22 | 0.17 | 0.16 | 0.14 | 0.12 | 0.09 | 0.08 |
| Research & Development | 0.08 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 |
| Selling, General & Admin | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.04 |
| Total Operating Expenses | 0.21 | 0.18 | 0.16 | 0.13 | 0.12 | 0.11 | 0.14 |
| Operating Income | 0.01 | (0.02) | -0.00 | 0.01 | -0.00 | (0.02) | (0.06) |
| Pretax Income | 1.05 | -0.00 | 0.02 | 0.03 | 0.00 | (0.01) | (0.05) |
| Tax Provision | -0.00 | -0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| Net Income | 1.05 | 0.00 | 0.01 | 0.02 | 0.00 | (0.01) | (0.05) |
| Basic EPS | 3.37 | 0.00 | 0.04 | 0.06 | 0.00 | (0.04) | (0.16) |
| Diluted EPS | 3.31 | 0.00 | 0.04 | 0.06 | 0.00 | (0.04) | (0.16) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 32.48 | 30.98 | 25.72 | 51.11 | 19.48 | (13.91) | (45.65) |
| Capital Expenditures | 5.35 | 8.03 | 3.99 | 14.97 | 5.82 | 0.13 | 3.08 |
| Free Cash Flow* | 27.13 | 22.95 | 21.72 | 36.14 | 13.66 | (14.04) | (48.73) |
| Investing Cash Flow | (99.10) | (21.91) | (23.90) | 11.76 | (32.62) | (20.76) | 79.26 |
| Financing Cash Flow | 45.48 | (0.92) | (13.52) | 6.64 | (0.22) | 2.68 | 12.18 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
