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XCel Brands, Inc.

XCel Brands, Inc.XELBEarnings & Financial Report

Nasdaq

XELB Q3 2025 Key Financial Metrics

Revenue

$1.1M

Gross Profit

$1.1M

Operating Profit

$-7.4M

Net Profit

$-7.9M

Gross Margin

100.0%

Operating Margin

-665.7%

Net Margin

-706.5%

YoY Growth

-41.5%

EPS

$-2.02

Financial Flow

XCel Brands, Inc. Q3 2025 Financial Summary

XCel Brands, Inc. reported revenue of $1.1M for Q3 2025, with a net profit of $-7.9M (-706.5% margin). Cost of goods sold was $0, operating expenses totaled $8.6M.

Key Financial Metrics

Total Revenue$1.1M
Net Profit$-7.9M
Gross Margin100.0%
Operating Margin-665.7%
Report PeriodQ3 2025

XCel Brands, Inc. Annual Revenue by Year

XCel Brands, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $8.3M).

YearAnnual Revenue
2024$8.3M
2023$17.8M
2022$25.8M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$2.3M$2.2M$3.0M$1.9M$1.2M$1.3M$1.3M$1.1M
YoY Growth-43.8%-63.9%-56.4%-27.5%-47.1%-39.0%-55.3%-41.5%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$71.7M$66.8M$63.2M$54.0M$53.8M$52.5M$47.2M$40.5M
Liabilities$23.5M$22.9M$19.1M$19.0M$25.4M$26.8M$24.7M$23.9M
Equity$50.0M$45.8M$46.0M$36.9M$30.4M$27.7M$24.5M$18.7M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-3.7M$-2.6M$-274000$-424000$-1.4M$-1.4M$-2.4M$-1.4M