XELB · Xcel Brands, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | $407.0K | $38.0K | - | - |
| Gross Profit | - | - | $1.12M | $1.32M | - | - | $1.50M | $2.92M | $2.18M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.20M | - | $1.21M | $912.0K | $1.20M | - | $1.62M | $1.49M | $2.03M | - |
| Total Operating Expenses | $2.07M | - | $2.17M | $1.90M | $2.28M | - | $2.83M | $3.12M | $3.96M | - |
| D&A | $893.0K | - | $896.0K | $899.0K | $900.0K | - | $910.0K | $1.54M | $1.59M | - |
| Operating Income | ($1.88M) | - | ($7.44M) | ($1.65M) | ($2.19M) | - | ($9.08M) | $307.0K | ($6.20M) | - |
| Interest Expense | $562.0K | - | $133.0K | $457.0K | $146.0K | - | $130.0K | $140.0K | $146.0K | - |
| Income Tax | $12.0K | - | $25.0K | $0 | $50.0K | - | $0 | $0 | $0 | - |
| Net Income | ($2.49M) | - | ($7.90M) | ($3.99M) | ($2.80M) | - | ($9.21M) | $195.0K | ($6.29M) | - |
| EPS - Basic | ($0.42) | - | ($2.02) | ($1.66) | ($1.18) | - | ($3.90) | $0.10 | ($3.10) | - |
| EPS - Diluted | ($0.42) | - | ($2.02) | ($1.66) | ($1.18) | - | ($3.90) | $0.10 | ($3.10) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $179.0K | $1.15M | $1.49M | $970.0K | $298.0K | $1.25M | $242.0K | $924.0K | $1.55M | $3.00M |
| Accounts Receivable | $656.0K | $956.0K | $1.40M | $1.82M | $2.10M | $2.27M | $2.91M | $3.06M | $3.60M | $3.45M |
| Inventory | - | - | - | - | - | $0 | - | $407.0K | $445.0K | $453.0K |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $4.49M | $3.67M | $4.10M | $3.21M | $2.91M | $4.04M | $3.52M | $4.76M | $6.07M | $7.30M |
| Total Assets | $36.42M | $38.95M | $40.46M | $47.19M | $52.49M | $53.76M | $54.00M | $63.17M | $66.76M | $71.66M |
| Current Liabilities | $7.70M | $7.49M | $8.00M | $5.47M | $10.47M | $10.39M | $6.78M | $6.07M | $6.18M | $6.47M |
| Long-term Debt | $9.84M | $9.46M | $9.04M | $11.75M | $8.47M | $6.57M | $3.30M | $3.52M | $3.75M | $3.97M |
| Total Liabilities | $23.24M | $23.12M | $23.88M | $24.69M | $26.78M | $25.36M | $19.03M | $19.10M | $22.89M | $23.49M |
| Stockholders' Equity | $15.32M | $17.96M | $18.70M | $24.52M | $27.74M | $30.42M | $36.92M | $46.02M | $45.78M | $50.03M |
| Retained Earnings | ($96.19M) | ($93.70M) | ($90.93M) | ($83.03M) | ($79.04M) | ($76.24M) | ($69.16M) | ($59.95M) | ($60.14M) | ($53.85M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($877.0K) | - | - | - | ($1.43M) | - | - | - | ($2.61M) | - |
| Investing Cash Flow | - | - | - | - | ($14.0K) | - | - | - | - | - |
| Financing Cash Flow | ($754.0K) | - | - | - | $1.99M | - | - | - | $1.90M | - |
| CapEx | - | - | - | - | $14.0K | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | ($1.45M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | 0.52 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | 0.0% | - | - |
| Return on assets | -6.8% | - | -19.5% | -8.5% | -5.3% | - | -17.1% | 0.3% | -9.4% | - |
| Return on equity | -16.2% | - | -42.2% | -16.3% | -10.1% | - | -25.0% | 0.4% | -13.7% | - |
| Return on invested capital | -5.9% | - | -21.2% | -3.6% | -4.8% | - | -17.8% | 0.6% | -9.9% | - |
| Liquidity | ||||||||||
| Current ratio | 0.58 | 0.49 | 0.51 | 0.59 | 0.28 | 0.39 | 0.52 | 0.79 | 0.98 | 1.13 |
| Quick ratio | 0.58 | 0.49 | 0.51 | 0.59 | 0.28 | 0.39 | 0.52 | 0.72 | 0.91 | 1.06 |
| Cash ratio | 0.02 | 0.15 | 0.19 | 0.18 | 0.03 | 0.12 | 0.04 | 0.15 | 0.25 | 0.46 |
| Leverage | ||||||||||
| Debt / Equity | 0.64 | 0.53 | 0.48 | 0.48 | 0.31 | 0.22 | 0.09 | 0.08 | 0.08 | 0.08 |
| Debt / Assets | 0.27 | 0.24 | 0.22 | 0.25 | 0.16 | 0.12 | 0.06 | 0.06 | 0.06 | 0.06 |
| Debt / EBITDA | - | - | - | - | - | - | - | 1.90 | - | - |
| Interest coverage | -3.4x | - | -56.0x | -3.6x | -15.0x | - | -69.8x | 2.2x | -42.4x | - |
| Equity multiplier | 2.38 | 2.17 | 2.16 | 1.92 | 1.89 | 1.77 | 1.46 | 1.37 | 1.46 | 1.43 |
| Liabilities / Assets | 0.64 | 0.59 | 0.59 | 0.52 | 0.51 | 0.47 | 0.35 | 0.30 | 0.34 | 0.33 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | 0.09 | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | 3909d | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | 59.0x | - | - |
| P / B | 0.6x | - | 0.4x | 0.2x | 0.2x | - | 4.8x | 3.0x | 3.5x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | 76.4x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | -25.7% | -54.7% | - | - | -37.6% | -2.2% | -34.9% | - |
| Operating income growth (YoY) | 13.9% | - | 18.0% | - | 64.7% | - | -68.0% | - | -4.8% | - |
| Net income growth (YoY) | 11.0% | - | 14.3% | - | 55.6% | - | -79.1% | - | -11.5% | - |
| EPS growth (YoY) | 64.4% | - | 48.2% | - | 61.9% | - | -1400.0% | - | -969.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | 0.0% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -44.8% | -41.0% | -49.4% | -46.7% | -39.4% | -39.2% | -35.0% | -25.6% | -29.8% | -29.3% |
Peer comparison
Same SIC group: Patent Owners & Lessors
Comparing XCel Brands against the 5 most active filers in the same SIC group.