XWELL, Inc.

XWELL is a global wellness organization that provides restorative and health-focused services to travelers through three operating segments: XpresSpa, XpresTest, and Naples Wax Center. The company changed its name to XWELL, Inc. from XpresSpa Group, Inc. on October 25, 2022, and its common stock now trades under the symbol "XWEL" on Nasdaq. This rebranding aligns with the company's strategy to build a pure-play wellness services company in both airport and off-airport markets. The XpresSpa segment, operated by XWELL's subsidiary XpresSpa Holdings, LLC, is a global airport retailer of spa services. These locations offer travelers premium spa services such as massage, nail care, and skin care, along with spa and travel products. As of December 31, 2025, there were 16 domestic XpresSpa locations. Internationally, as of the same date, there were 9 locations, including 2 in Dubai International Airport (United Arab Emirates), 1 in Zayad International Airport (Abu Dhabi, United Arab Emirates), 2 in Schiphol Amsterdam Airport (Netherlands), and 4 in Istanbul Airport (Turkey). Treat, operating through XWELL's subsidiary Treat, Inc., is a wellness brand that offers access to wellness services for travelers at on-site centers. In April 2024, the location in Salt Lake City International Airport was closed.