XCel Brands, Inc.

Listed Company

XELBCIK 0001083220NasdaqNon-AcceleratedSmaller ReportingPatent Owners & LessorsDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-17.46M

Total Assets

$38.95M

Equity

$17.96M

Shares Out

5.91M

Op. Cash Flow

$-7.02M

Business

XCel Brands, Inc. is a media and consumer products company that designs, licenses, markets, and sells branded lifestyle merchandise while acquiring and managing consumer brands. It offers apparel, footwear, accessories, fine jewelry, home goods and other consumer products, alongside live streaming, social commerce and licensing services. Its operations are organized around owned and co-branded labels (e.g., Halston, Judith Ripka, C Wonder, Longaberger, TowerHill, LB70, and Isaac Mizrahi interests) and investments in social commerce platforms. The company distributes products via interactive television, digital live-stream shopping, social commerce, e-commerce and traditional brick-and-mortar retail channels.

Summary from filing dated 2025-05-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	5	8	18	26	38
Cost of goods sold	—	445,000	7	8	11
Gross profit	5	8	11	18	27
Salaries, benefits and employment taxes	4	6	10	17	17
Other selling, general and administrative expenses	5	7	13	16	14
Total direct operating costs and expenses	9	13	23	33	40
Operating loss before other operating costs and expenses (income)	−4	−5	−12	—	—
Depreciation and amortization	4	5	7	7	7
Asset impairment charges	—	3	100,000	274,000	1
Loss from equity investments	6	12	2	1	—
Gain on divestiture of Lori Goldstein Brand	—	−4	—	−21	—
Operating loss	−13	−21	−21	−2	−13
Interest expense	2	618,000	113,000	—	—
Other interest and finance charges (income), net	338,000	26,000	268,000	16,000	147,000
Loss on early extinguishment of debt	2	287,000	—	2	2
Interest and finance expense (income), net	4	931,000	381,000	—	4
Loss before income taxes	−17	−22	−21	−6	−16
Income tax provision	75,000	220,000	1	−431,000	−3
Net loss	−18	−23	−22	−5	−13
Net loss attributable to noncontrolling interest	−111,000	−165,000	−1	−1	−845,000
Net loss attributable to Xcel Brands, Inc. stockholders	−17	−22	−21	−4	−12
Basic net loss per share	−5.08	−9.84	−10.68	−0.2	−0.63
Diluted net loss per share	−5.08	−9.84	−10.68	−0.2	−0.63
Basic weighted average common shares outstanding	3	2	2	20	19
Diluted weighted average common shares outstanding	3	2	2	20	19
Reverse stock split ratio	0.1	—	—	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1	1	3	5	4
Accounts receivable, net	1	2	4	5	8
Prepaid expenses and other current assets	2	520,000	398,000	1	2
Total current assets	4	4	7	14	17
Property and equipment, net	130,000	182,000	634,000	1	3
Operating lease right-of-use assets	3	4	4	5	6
Trademarks and other intangibles, net	31	35	42	48	98
Investments in unconsolidated affiliates	0	10	18	19	—
Other assets	912,000	911,000	15,000	110,000	555,000
Total non-current assets	35	50	64	75	109
Total Assets	39	54	72	89	126
Accounts payable, accrued expenses and other current liabilities	1	3	2	4	6
Deferred revenue	1	1	889,000	88,000	—
Accrued income taxes payable	85,000	554,000	372,000	568,000	64,000
Current portion of operating lease obligations	2	2	1	1	1
Current portion of long-term debt	3	—	750,000	—	3
Contingent obligation	—	4	964,000	—	—
Total current liabilities	7	10	6	7	11
Deferred revenue	2	3	4	—	—
Long-term portion of operating lease obligations	4	5	4	6	7
Long-term debt, net, less current portion	9	7	4	—	26
Other long-term liabilities	722,000	431,000	40,000	—	—
Total long-term liabilities	16	15	17	12	40
Total Liabilities	23	25	23	19	51
Common stock, $.001 par value, 50,000,000 shares authorized, and 5,880,757 and 2,368,072 shares issued and outstanding at December 31, 2025 and 2024, respectively	6,000	2,000	2,000	20,000	20,000
Paid-in capital	112	107	104	104	103
Accumulated deficit	−94	−76	−54	−33	−29
Total Xcel Brands, Inc. stockholders' equity	18	30	50	71	74
Noncontrolling interest	−2	−2	−2	−676,000	662,000
Total Stockholders' Equity	16	28	48	70	75
Total Liabilities and Stockholders' Equity	39	54	72	89	126

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Paid in-kind interest expense	710,000	—	—	—	—
Amortization of deferred finance costs and other non-cash interest expense	522,000	115,000	22,000	156,000	308,000
Stock-based compensation and cost of licensee warrants	570,000	403,000	242,000	620,000	—
Provision for credit losses	30,000	17,000	75,000	—	—
Loss from equity investments	6	12	2	1	—
Accounts receivable	1	1	2	2	1
Inventory	—	453,000	2	530,000	−2
Prepaid expenses and other current and non-current assets	−44,000	−279,000	1	566,000	−818,000
Deferred revenue	−939,000	−398,000	4	54,000	—
Accounts payable, accrued expenses, accrued income taxes payable, and other current liabilities	−2	16,000	−3	−1	1
Lease-related assets and liabilities	−699,000	−794,000	−525,000	−244,000	−581,000
Other long-term liabilities	1,000	391,000	35,000	−224,000	—
Net cash used in operating activities	−7	−5	−7	−14	−7
Purchase of property and equipment	−10,000	−112,000	−100,000	−265,000	−1
Net cash used in investing activities	−10,000	−112,000	209,000	45	−5
Proceeds from public offering and private placement transactions, net of transaction costs	2	2	—	—	—
Proceeds from private investment in public equity transaction, net of transaction costs	2	—	—	—	—
Proceeds from long-term debt	6	8	5	—	54
Payment of deferred finance costs	−567,000	−922,000	−301,000	—	—
Shares repurchased including vested restricted stock in exchange for withholding taxes	−204,000	−107,000	—	−442,000	−16,000
Payment of long-term debt	−750,000	−5	—	−29	−42
Net cash provided by financing activities	8	4	5	−31	11
Net increase (decrease) in cash, cash equivalents, and restricted cash	896,000	−1	−2	−614,000	−844,000
Recognition of operating lease right-of-use asset	—	3	—	—	—
Recognition of operating lease obligation	—	3	—	—	—
Issuance of warrants in connection with debt refinancing	648,000	481,000	—	—	—
Cash paid during the year for interest	814,000	505,000	56,000	1	2
Cash paid during the year for income taxes	515,000	—	99,000	—	91,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro