NASDAQ:XELB
XCel Brands, Inc.
XCel Brands, Inc.'s revenue fell 40.2% in fiscal 2025 to $4.9M while operating margin fell to −267.9%, its lowest in 10 years. Free cash flow was −$7.0M, −142.4% of revenue, and the diluted share count rose 51.0%.Summary generated from XCel Brands, Inc.'s SEC filings. Latest annual report filed Apr 15, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$4.9M
Revenue growth−40.2%
Revenue, 5-yr CAGR−30.0%
Gross margin100.0%
Operating margin−267.9%
Net margin−353.5%
ROIC−32.0%
Return on equity−72.2%
Debt / equity0.71
Free cash flow−$7.0M
FCF margin−142.4%
Share count change+51.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 38 | 26 | 18 | 8 | 5 |
| Operating income | −13 | −2 | −21 | −21 | −13 |
| Net income | −12 | −4 | −21 | −22 | −17 |
| Free cash flow | −8 | −14 | −7 | −5 | −7 |
Recent filings
- 8-KNotice of delisting or listing-rule failure
Oct 2, 2026 - 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Sep 2, 2026 - 8-KEntry into a material agreement
Aug 19, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 13, 2026 - 10-K/AAmended annual report for the fiscal year ended Dec 31, 2025
Aug 6, 2026 - 8-KRegulation FD disclosure
Jun 23, 2026 - 8-KOther events
May 26, 2026