Three months ended

Six months ended

June 30,

2025

2024

2025

2024

Basic numerator:

Net loss attributable to XWELL, Inc.

$

(2,269)

$

(1,996)

$

(6,988)

$

(4,508)

Less: preferred stock dividends

(189)

—

(257)

—

Less: preferred stock accretion

(583)

—

(1,082)

—

Net loss attributable to common shareholders

$

(3,041)

$

(1,996)

$

(8,327)

$

(4,508)

Basic denominator:

Basic weighted average shares outstanding

5,417,271

4,182,617

5,340,442

4,182,959

Basic loss per share

$

(0.56)

$

(0.48)

$

(1.56)

$

(1.08)

Net loss per share data presented above excludes from the calculation of diluted net loss, the following potentially dilutive securities, having an anti-dilutive impact, in case of net loss

Both vested and unvested options to purchase an equal number of shares of Common Stock

944,554

415,388

944,554

415,388

Unvested RSUs to issue an equal number of shares of Common Stock

30,000

5,208

30,000

5,208

Series A and Series B warrants to purchase shares of Common Stock

5,347,594

—

5,347,594

—

Series G Convertible Preferred Stock on an as converted basis

2,406,417

—

2,406,417

—

Total number of potentially dilutive securities excluded from the calculation of loss per share attributable to common shareholders

8,728,565

420,596

8,728,565

420,596