DESTINATION XL GROUP, INC.

Listed Company

DXLGCIK 0000813298NasdaqNon-AcceleratedSmaller ReportingRetail-Family Clothing StoresDelawareFY ends Jan 31

Period

FY 2026

Revenue

$435.02M

Net Income

$-35.91M

Total Assets

—

Equity

—

Shares Out

55.27M

Op. Cash Flow

$2.06M

Business

DESTINATION XL GROUP, INC. is an integrated commerce retailer specializing exclusively in big + tall men’s apparel and footwear. It offers a broad assortment of merchandise including private-label and national brands across value, moderate and higher-end price points, plus digital services like e-commerce, a mobile site and app. The company operates distinct store formats—DXL full-price, DXL outlets, Casual Male XL full-price and Casual Male XL outlets—alongside direct and marketplace channels. Its distribution covers retail stores throughout the United States and online channels, including third-party marketplaces and digital fulfillment.

Summary from filing dated 2025-03-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Sales	435	467	522	546	505
Cost of goods sold including occupancy costs	246	250	269	273	255
Gross profit	189	217	252	273	250
Selling, general and administrative	187	198	197	199	173
Transaction-related costs	4	0	0	—	—
Impairment of assets	210,000	1	116,000	−159,000	−2
Depreciation and amortization	15	14	14	15	17
Total expenses	207	213	210	214	188
Operating income (loss)	−18	4	42	59	62
Loss from termination of retirement plans	0	0	−6	—	—
Interest income, net	810,000	2	2	−251,000	−4
Income (loss) before provision for income taxes	−17	6	38	58	58
Provision for income taxes	19	3	11	−31	917,000
Net income (loss)	−36	3	28	89	57
Net income (loss) per share - basic	−0.66	0.05	0.46	1.42	0.89
Net income (loss) per share - diluted	−0.66	0.05	0.43	1.33	0.83
Basic	54	57	61	63	63
Diluted	54	60	64	67	68

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	24	12	28	52	16
Short-term investments	5	37	32	—	—
Accounts receivable	2	2	4	2	2
Inventories	74	75	81	93	82
Prepaid expenses and other current assets	7	6	8	7	7
Total current assets	111	132	153	154	106
Property and equipment, net of accumulated depreciation and amortization	60	57	43	39	44
Operating lease right-of-use assets	194	171	138	124	128
Deferred income taxes, net of valuation allowance	0	19	22	31	—
Intangible assets	1	1	1	1	1
Other assets	753,000	509,000	457,000	563,000	559,000
Total assets	367	381	358	351	280
Accounts payable	23	24	17	28	25
Accrued expenses and other current liabilities	27	30	35	37	35
Operating leases, current	36	36	37	37	35
Total current liabilities	85	91	90	102	95
Operating leases, noncurrent	173	149	117	107	120
Other long-term liabilities	57,000	341,000	2	5	6
Total long-term liabilities	173	149	119	112	126
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued	—	—	—	—	—
Common stock, $0.01 par value, 125,000,000 shares authorized, 80,564,948 and 79,403,349 shares issued at January 31, 2026 and February 1, 2025, respectively	806,000	794,000	790,000	782,000	770,000
Additional paid-in capital	331	328	325	322	320
Treasury stock at cost, 25,908,533 shares at January 31, 2026 and February 1, 2025	−144	−144	−130	−105	−93
Accumulated deficit	−80	−44	−47	−75	−164
Total stockholders' equity	108	141	149	137	58
Total liabilities and stockholders' equity	367	381	358	351	280

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net income (loss)	−36	3	28	89	57
Amortization and write-off of deferred debt issuance costs	113,000	77,000	77,000	76,000	1
Gain on sale of equipment	0	−12,000	−107,000	—	—
Deferred taxes, net of valuation allowance	19	2	9	−32	—
Stock compensation expense	1	3	3	1	1
Board of directors' stock compensation	515,000	447,000	443,000	501,000	374,000
Accounts receivable	752,000	2	−3	390,000	4
Inventories	2	5	12	−11	3
Prepaid expenses and other current assets	−450,000	2	−1	−599,000	−3
Other assets	23,000	−129,000	29,000	−80,000	407,000
Accounts payable	−1	7	−10	2	−2
Operating leases, net	2	−3	−4	−8	−15
Accrued expenses and other liabilities	−1	−7	−5	2	13
Net cash provided by operating activities	2	30	50	60	76
Additions to property and equipment, net	−20	−28	−17	−10	−5
Proceeds from sale of equipment	0	12,000	145,000	—	—
Purchase of short-term investments	−10	−48	−80	—	—
Maturity of short-term investments	41	44	48	—	—
Net cash provided by (used for) investing activities	10	−31	−49	−10	−5
Payment of debt issuance costs	−322,000	0	0	—	−1
Repurchase of common stock	0	−14	−25	−13	—
Payment of excise tax on repurchased shares of common stock	−123,000	−205,000	0	—	—
Proceeds from the exercise of stock options	2,000	80,000	368,000	839,000	776,000
Tax withholdings paid related to net share settlements	−152,000	−78,000	−759,000	−2	−2
Net cash used for financing activities	−595,000	−14	−25	−14	−74
Net increase (decrease) in cash and cash equivalents	12	−16	−24	37	−3

Filings

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