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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | $445.0K | $6.92M | $7.98M | $10.67M | $5.46M |
| Gross Profit | $4.94M | $7.81M | $10.84M | $17.80M | $27.27M | $23.99M |
| R&D | - | - | - | - | - | - |
| SG&A | $4.65M | $6.84M | $13.36M | $15.39M | $14.36M | $6.57M |
| Total Operating Expenses | $8.57M | $12.76M | $23.27M | $620.0K | $39.82M | $40.45M |
| D&A | $3.59M | $4.95M | $6.95M | $7.26M | $6.83M | $5.50M |
| Operating Income | ($13.23M) | ($21.41M) | ($20.64M) | ($2.26M) | ($12.56M) | ($16.41M) |
| Interest Expense | $2.08M | $618.0K | $113.0K | $1.19M | $1.22M | $1.19M |
| Income Tax | $75.0K | $220.0K | $1.21M | ($431.0K) | ($3.11M) | ($4.52M) |
| Net Income | ($17.46M) | ($22.39M) | ($21.05M) | ($4.02M) | ($12.18M) | ($12.94M) |
| EPS - Basic | ($5.08) | ($9.84) | ($10.70) | ($2.00) | ($6.30) | ($6.80) |
| EPS - Diluted | ($5.08) | ($9.84) | ($10.70) | ($2.00) | ($6.30) | ($6.80) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.15M | $1.25M | $3.00M | $4.61M | $4.48M | $4.96M |
| Accounts Receivable | $956.0K | $2.27M | $3.45M | $5.11M | $7.64M | $8.89M |
| Inventory | - | $0 | $453.0K | $2.85M | $3.38M | $1.22M |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $3.67M | $4.04M | $7.30M | $14.02M | $17.18M | $16.15M |
| Total Assets | $38.95M | $53.76M | $71.66M | $88.94M | $125.78M | $123.05M |
| Current Liabilities | $7.49M | $10.39M | $6.47M | $6.56M | $10.52M | $10.32M |
| Long-term Debt | $9.46M | $6.57M | $3.97M | - | $25.53M | $13.84M |
| Total Liabilities | $23.12M | $25.36M | $23.49M | $18.80M | $50.84M | $36.80M |
| Stockholders' Equity | $17.96M | $30.42M | $50.03M | $70.81M | $74.28M | $85.75M |
| Retained Earnings | ($93.70M) | ($76.24M) | ($53.85M) | ($32.80M) | ($28.78M) | ($16.59M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($7.02M) | ($4.72M) | ($6.54M) | ($14.18M) | ($6.56M) | $3.19M |
| Investing Cash Flow | ($10.0K) | ($112.0K) | $209.0K | $44.52M | ($4.79M) | ($702.0K) |
| Financing Cash Flow | $7.93M | $3.82M | $4.73M | ($30.95M) | $10.51M | ($2.17M) |
| CapEx | $10.0K | $112.0K | $100.0K | $265.0K | $1.09M | $748.0K |
| Free Cash Flow | ($7.03M) | ($4.83M) | ($6.64M) | ($14.45M) | ($7.65M) | $2.44M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 0.40 | 0.22 | 0.32 | 3.60 | 0.63 | -0.19 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -44.8% | -41.7% | -29.4% | -4.5% | -9.7% | -10.5% |
| Return on equity | -97.2% | -73.6% | -42.1% | -5.7% | -16.4% | -15.1% |
| Return on invested capital | -38.1% | -45.7% | -30.2% | - | -9.9% | -13.0% |
| Liquidity | ||||||
| Current ratio | 0.49 | 0.39 | 1.13 | 2.14 | 1.63 | 1.57 |
| Quick ratio | 0.49 | 0.39 | 1.06 | 1.70 | 1.31 | 1.45 |
| Cash ratio | 0.15 | 0.12 | 0.46 | 0.70 | 0.43 | 0.48 |
| Leverage | ||||||
| Debt / Equity | 0.53 | 0.22 | 0.08 | - | 0.34 | 0.16 |
| Debt / Assets | 0.24 | 0.12 | 0.06 | - | 0.20 | 0.11 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -6.4x | -34.6x | -182.7x | -1.9x | -10.3x | -13.8x |
| Equity multiplier | 2.17 | 1.77 | 1.43 | 1.26 | 1.69 | 1.44 |
| Liabilities / Assets | 0.59 | 0.47 | 0.33 | 0.21 | 0.40 | 0.30 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | 15.27 | 2.80 | 3.16 | 4.49 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | 0d | 24d | 130d | 115d | 81d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 0.2x | 0.4x | 5.1x | 1.9x | 2.9x | 2.7x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | 26.5x | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | -36.8% | -27.9% | -39.1% | -34.7% | 13.6% | -23.7% |
| Operating income growth (YoY) | 38.2% | -3.7% | -813.5% | 82.0% | 23.5% | -528.0% |
| Net income growth (YoY) | 22.0% | -6.4% | -423.9% | 67.0% | 5.8% | -277.6% |
| EPS growth (YoY) | 48.4% | 8.0% | -435.0% | 68.3% | 7.4% | -3677.8% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -45.7% | 27.3% | 54.0% | -88.8% | - | 3.0% |
| FCF CAGR (5y) | - | - | - | - | - | -2.5% |
| Book value growth (YoY) | -41.0% | -39.2% | -29.3% | -4.7% | -13.4% | -12.6% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Patent Owners & Lessors
Comparing XCel Brands against the 5 most active filers in the same SIC group.