NASDAQ : XELB
Xcel Brands, Inc. — Financial statements
Consumer Discretionary · Apparel Manufacturing · United States
Last price 0.3701 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.43M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Xcel Brands, Inc. (XELB) reported revenue of 4.55M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.55M | 4.94M | 8.26M | 17.75M | 25.78M | 37.93M |
| Cost of Revenue | 445.00K | 6.92M | 7.98M | 10.67M | ||
| Gross Profit | 4.55M | 4.94M | 7.81M | 10.84M | 17.80M | 27.27M |
| Selling, General & Admin | 8.32M | 8.57M | 12.76M | 23.17M | 33.08M | 30.90M |
| Operating Expenses | 11.82M | 12.16M | 17.70M | 30.12M | 40.34M | 38.45M |
| Operating Income | -7.27M | -7.22M | -9.89M | -19.29M | -22.54M | -11.18M |
| Interest Expense | -2.35M | -2.08M | -618.00K | -381.00K | -1.20M | -2.06M |
| Earnings From Equity Investments | -5.49M | -6.01M | -11.84M | -2.06M | -1.20M | |
| Other Non Operating Income (Expenses) | -333.00K | -338.00K | -26.00K | |||
| EBT Excluding Unusual Items | -15.45M | -15.65M | -22.37M | -21.73M | -24.95M | -13.25M |
| Gain (Loss) on Sale of Investments | 359.00K | |||||
| Gain (Loss) on Sale of Assets | -96.00K | 3.80M | 20.59M | |||
| Asset Writedown | -3.48M | -100.00K | -1.37M | |||
| Other Unusual Items | -151.00K | -1.85M | -287.00K | 445.00K | -1.42M | -1.52M |
| Pretax Income | -15.69M | -17.50M | -22.34M | -21.02M | -5.79M | -16.14M |
| Income Tax Expense | 56.00K | 75.00K | 220.00K | 1.21M | -431.00K | -3.11M |
| Earnings From Continuing Operations | -15.75M | -17.57M | -22.56M | -22.24M | -5.36M | -13.03M |
| Net Income to Company | -15.75M | -17.57M | -22.56M | -22.24M | -5.36M | -13.03M |
| Minority Interest in Earnings | 108.00K | 111.00K | 165.00K | 1.19M | 1.34M | 845.00K |
| Net Income | -15.64M | -17.46M | -22.39M | -21.05M | -4.02M | -12.18M |
| Net Income to Common | -15.64M | -17.46M | -22.39M | -21.05M | -4.02M | -12.18M |
| Shares Outstanding (Basic) | 5.26M | 3.44M | 2.28M | 1.97M | 1.96M | 1.95M |
| Shares Outstanding (Diluted) | 5.26M | 3.44M | 2.28M | 1.97M | 1.96M | 1.95M |
| EPS (Basic) | -2.97 | -5.08 | -9.84 | -10.68 | -2.05 | -6.26 |
| EPS (Diluted) | -2.97 | -5.08 | -9.84 | -10.68 | -2.05 | -6.30 |
| Free Cash Flow | -5.96M | -7.03M | -4.83M | -6.64M | -14.45M | -7.65M |
| Free Cash Flow Per Share | -1.13 | -2.05 | -2.12 | -3.37 | -7.36 | -3.93 |
| Gross Margin | 100.00% | 100.00% | 94.61% | 61.04% | 69.05% | 71.88% |
| Operating Margin | -159.72% | -146.20% | -119.76% | -108.63% | -87.44% | -29.48% |
| Profit Margin | -343.68% | -353.53% | -271.16% | -118.57% | -15.58% | -32.12% |
| Free Cash Flow Margin | -130.89% | -142.40% | -58.46% | -37.43% | -56.04% | -20.17% |
| EBITDA | -3.77M | -3.63M | -4.94M | -12.33M | -15.28M | -4.35M |
| EBITDA Margin | -82.82% | -73.46% | -59.86% | -69.47% | -59.27% | -11.48% |
| D&A For EBITDA | 3.50M | 3.59M | 4.95M | 6.95M | 7.26M | 6.83M |
| EBIT | -7.27M | -7.22M | -9.89M | -19.29M | -22.54M | -11.18M |
| EBIT Margin | -159.72% | -146.20% | -119.76% | -108.63% | -87.44% | -29.48% |
| Revenue as Reported | 4.94M | 4.94M | 8.26M | 17.75M | 25.78M | 37.93M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 399.00K | 1.15M | 1.25M | 3.00M | 4.61M | 4.48M |
| Cash & Short-Term Investments | 399.00K | 1.15M | 1.25M | 3.00M | 4.61M | 4.48M |
| Receivables | 623.00K | 956.00K | 2.27M | 3.45M | 5.11M | 7.64M |
| Inventory | 453.00K | 2.85M | 3.38M | |||
| Prepaid Expenses | 502.00K | 564.00K | 520.00K | 398.00K | 1.46M | 1.68M |
| Restricted Cash | 1.00M | |||||
| Total Current Assets | 1.52M | 3.67M | 4.04M | 7.30M | 14.02M | 17.18M |
| Property, Plant & Equipment | 2.71M | 3.13M | 3.93M | 5.09M | 6.84M | 8.86M |
| Long-Term Investments | 10.11M | 17.73M | 19.30M | 100.00K | ||
| Other Intangible Assets | 26.95M | 31.23M | 34.76M | 41.52M | 47.66M | 98.30M |
| Long-Term Deferred Tax Assets | 1.11M | 141.00K | ||||
| Other Long-Term Assets | 1.29M | 912.00K | 911.00K | 15.00K | 10.00K | 1.19M |
| Total Assets | 32.47M | 38.95M | 53.76M | 71.66M | 88.94M | 125.78M |
| Accounts Payable | 532.00K | 1.14M | 2.73M | 2.24M | 3.87M | 6.17M |
| Accrued Expenses | 404.00K | 416.00K | 577.00K | |||
| Current Portion of Long-Term Debt | 1.86M | 3.25M | 750.00K | 2.50M | ||
| Current Portion of Leases | 1.76M | 1.69M | 1.51M | 1.26M | 1.38M | 1.21M |
| Current Income Taxes Payable | 85.00K | 554.00K | 372.00K | 568.00K | 64.00K | |
| Current Unearned Revenue | 976.00K | 1.33M | 1.38M | 889.00K | 88.00K | |
| Other Current Liabilities | 4.21M | 964.00K | 243.00K | |||
| Total Current Liabilities | 5.54M | 7.49M | 10.39M | 6.47M | 6.56M | 10.52M |
| Long-Term Debt | 10.23M | 9.46M | 6.57M | 3.97M | 25.53M | |
| Long-Term Leases | 2.78M | 3.68M | 5.30M | 4.02M | 5.84M | 7.25M |
| Long-Term Unearned Revenue | 1.33M | 1.78M | 2.67M | 3.56M | ||
| Other Long-Term Liabilities | 877.00K | 722.00K | 431.00K | 5.47M | 6.40M | 7.54M |
| Total Liabilities | 20.75M | 23.12M | 25.36M | 23.49M | 18.80M | 50.84M |
| Common Stock | 6.00K | 6.00K | 2.00K | 2.00K | 20.00K | 20.00K |
| Additional Paid-In Capital | 112.52M | 111.66M | 106.67M | 103.88M | 103.59M | 103.04M |
| Retained Earnings | -98.67M | -93.70M | -76.24M | -53.85M | -32.80M | -28.78M |
| Total Common Equity | 13.86M | 17.96M | 30.42M | 50.03M | 70.81M | 74.28M |
| Minority Interest | -2.14M | -2.14M | -2.03M | -1.86M | -676.00K | 662.00K |
| Shareholders' Equity | 11.72M | 15.82M | 28.40M | 48.17M | 70.14M | 74.94M |
| Total Liabilities & Equity | 32.47M | 38.95M | 53.76M | 71.66M | 88.94M | 125.78M |
| Total Debt | 16.63M | 18.07M | 13.38M | 10.00M | 7.21M | 36.49M |
| Net Cash (Debt) | -16.23M | -16.92M | -12.12M | -7.00M | -2.61M | -32.01M |
| Net Cash Per Share | -3.09 | -4.92 | -5.33 | -3.55 | -1.33 | -16.45 |
| Filing Date Shares Outstanding | 6.56M | 5.91M | 2.40M | 2.35M | 1.96M | 1.96M |
| Total Common Shares Outstanding | 6.48M | 5.88M | 2.37M | 1.98M | 1.96M | 1.96M |
| Working Capital | -4.01M | -3.82M | -6.35M | 834.00K | 7.46M | 6.66M |
| Book Value Per Share | 2.14 | 3.05 | 12.85 | 25.28 | 36.08 | 37.95 |
| Tangible Book Value | -13.09M | -13.27M | -4.33M | 8.51M | 23.15M | -24.02M |
| Tangible Book Value Per Share | -2.02 | -2.26 | -1.83 | 4.30 | 11.80 | -12.28 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -15.64M | -17.46M | -22.39M | -21.05M | -4.02M | -12.18M |
| Depreciation & Amortization | 3.50M | 3.59M | 4.95M | 6.95M | 7.26M | 6.83M |
| Other Amortization | 837.00K | 522.00K | 115.00K | 22.00K | 156.00K | 308.00K |
| Loss (Gain) From Sale of Assets | -3.80M | -20.59M | ||||
| Asset Writedown & Restructuring Costs | 96.00K | 3.48M | 100.00K | 274.00K | 1.37M | |
| Loss (Gain) From Sale of Investments | -359.00K | |||||
| Loss (Gain) on Equity Investments | 5.49M | 6.01M | 11.84M | 2.06M | 1.20M | |
| Stock-Based Compensation | 659.00K | 570.00K | 403.00K | 242.00K | 620.00K | 720.00K |
| Provision & Write-off of Bad Debts | 30.00K | 30.00K | 17.00K | 75.00K | 413.00K | 102.00K |
| Other Operating Activities | 925.00K | 2.45M | 122.00K | 3.83M | -825.00K | -2.52M |
| Change in Accounts Receivable | 1.17M | 1.28M | 1.17M | 1.58M | 2.12M | 1.15M |
| Change in Inventory | 453.00K | 2.39M | 530.00K | -2.16M | ||
| Change in Accounts Payable | -949.00K | -2.34M | 16.00K | -2.94M | -1.43M | 1.23M |
| Change in Unearned Revenue | -1.24M | -939.00K | -398.00K | |||
| Change in Other Net Operating Assets | -837.00K | -742.00K | -682.00K | 544.00K | 98.00K | -1.40M |
| Operating Cash Flow | -5.96M | -7.02M | -4.72M | -6.54M | -14.18M | -6.56M |
| Capital Expenditures | -10.00K | -112.00K | -100.00K | -265.00K | -1.09M | |
| Sale of Property, Plant & Equipment | 459.00K | |||||
| Divestitures | 2.00M | 45.39M | ||||
| Sale (Purchase) of Intangibles | -3.70M | |||||
| Investment in Securities | -150.00K | -600.00K | ||||
| Investing Cash Flow | 2.00M | -10.00K | -112.00K | 209.00K | 44.52M | -4.79M |
| Long-Term Debt Issued | 5.67M | 7.95M | 5.00M | 56.50M | ||
| Long-Term Debt Repaid | -750.00K | -5.00M | -29.00M | -44.25M | ||
| Net Debt Issued (Repaid) | -1.35M | 4.92M | 2.95M | 5.00M | -29.00M | 12.25M |
| Issuance of Common Stock | 4.20M | 3.78M | 1.90M | 27.00K | 5.00K | |
| Repurchase of Common Stock | -190.00K | -204.00K | -107.00K | -442.00K | -16.00K | |
| Other Financing Activities | -387.00K | -567.00K | -922.00K | -301.00K | -1.51M | -1.73M |
| Financing Cash Flow | 2.26M | 7.93M | 3.82M | 4.73M | -30.95M | 10.51M |
| Net Cash Flow | -1.69M | 896.00K | -1.00M | -1.61M | -614.00K | -844.00K |
| Free Cash Flow | -5.96M | -7.03M | -4.83M | -6.64M | -14.45M | -7.65M |
| Free Cash Flow Margin | -130.89% | -142.40% | -58.46% | -37.43% | -56.04% | -20.17% |
| Free Cash Flow Per Share | -1.13 | -2.05 | -2.12 | -3.37 | -7.36 | -3.93 |
| Levered Free Cash Flow | -1.21M | -6.97M | 4.83M | -792.12K | -5.41M | -5.33M |
| Unlevered Free Cash Flow | -582.12K | -6.20M | 5.10M | -576.00K | -4.81M | -4.35M |
| Cash Interest Paid | 534.00K | 814.00K | 505.00K | 56.00K | 1.03M | 1.80M |
| Cash Income Tax Paid | 565.00K | 515.00K | 99.00K | 91.00K | ||
| Change in Working Capital | -1.86M | -2.74M | 557.00K | 1.58M | 1.32M | -1.18M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.43M | 6.25M | 12.17M | 25.54M | 13.74M | 21.32M |
| Enterprise Value | 18.66M | 20.94M | 21.34M | 27.47M | 12.54M | 52.13M |
| Last Close Price | 0.37 | 1.08 | 5.15 | 12.90 | 7.00 | 10.90 |
| Forward PE | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | |
| PS Ratio | 0.53 | 1.26 | 1.47 | 1.44 | 0.53 | 0.56 |
| PB Ratio | 0.17 | 0.40 | 0.43 | 0.53 | 0.20 | 0.28 |
| P/TBV Ratio | 3.00 | 0.59 | ||||
| PEG Ratio | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | |
| EV/Sales Ratio | 4.10 | 4.24 | 2.58 | 1.55 | 0.49 | 1.37 |
| Debt / Equity Ratio | 1.42 | 1.14 | 0.47 | 0.21 | 0.10 | 0.49 |
| Net Debt / Equity Ratio | 1.39 | 1.07 | 0.43 | 0.14 | 0.04 | 0.43 |
| Net Debt / EBITDA Ratio | -4.31 | -4.66 | -2.45 | -0.57 | -0.17 | -7.35 |
| Net Debt / FCF Ratio | -2.73 | -2.41 | -2.51 | -1.05 | -0.18 | -4.18 |
| Asset Turnover | 0.11 | 0.11 | 0.13 | 0.22 | 0.24 | 0.30 |
| Inventory Turnover | 4.20 | 2.57 | 4.65 | |||
| Quick Ratio | 0.18 | 0.28 | 0.34 | 1.00 | 1.48 | 1.15 |
| Current Ratio | 0.28 | 0.49 | 0.39 | 1.13 | 2.14 | 1.63 |
| Return on Equity (ROE) | -92.05% | -79.47% | -58.93% | -37.59% | -7.38% | -16.16% |
| Return on Assets (ROA) | -11.41% | -9.74% | -9.86% | -15.01% | -13.12% | -5.62% |
| Return on Invested Capital (ROIC) | -24.85% | -19.71% | -20.67% | -30.16% | -25.09% | -10.38% |
| Return on Capital Employed (ROCE) | -27.00% | -23.00% | -22.80% | -29.60% | -27.40% | -9.70% |
| Earnings Yield | -803.83% | -279.50% | -183.95% | -82.42% | -29.24% | -57.15% |
| FCF Yield | -245.35% | -112.58% | -39.66% | -26.02% | -105.14% | -35.89% |
| Buyback Yield / Dilution | -121.55% | -51.00% | -15.44% | -0.44% | -0.87% | -1.77% |