Company research
XCel Brands, Inc.
CIK 1083220Updated Sep 26, 2026
SecurityXELB · NASDAQ · equity
Name history
NETFABRIC HOLDINGS, INC · through Aug 11, 2011HOUSTON OPERATING CO · through Apr 14, 2005
XELB price & chart
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NASDAQ:XELB on TradingView ↗About the company
We are a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as one thing. Currently, our brand portfolio consists of the following:
In the news
Xcel Brands Announces Mega Model, TV Celebrity and Influencer Coco Rocha to Launch fashion brand OFF/DUTY by Coco Rocha on QVC Fall 2026 ↗
Recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
424B5 filing
10-Q filing
10-K/A filing
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 38,946,000Source | 53,756,000Source | 71,660,000Source | 88,935,000Source |
| Property, Plant and Equipment, NetUSD | 130,000Source | 182,000Source | 634,000Source | 1,418,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 31,229,000Source | 34,759,000Source | 41,520,000Source | 47,665,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,150,000Source | 1,254,000Source | 2,998,000Source | 4,608,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 956,000Source | 2,269,000Source | 3,454,000Source | 5,110,000Source |
| Inventory, NetUSD | — | 0Source | 453,000Source | 2,845,000Source |
| Assets, CurrentUSD | 3,670,000Source | 4,043,000Source | 7,303,000Source | 14,020,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,564,000Source | 520,000Source | 398,000Source | 1,457,000Source |
| Operating Lease, Right-of-Use AssetUSD | 3,005,000Source | 3,751,000Source | 4,453,000Source | 5,420,000Source |
| Other Assets, NoncurrentUSD | 912,000Source | 911,000Source | 165,000Source | 110,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 23,122,000Source | 25,358,000Source | 23,489,000Source | 18,796,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 6,000Source | 2,000Source | 20,000Source | 20,000Source |
| Additional Paid in CapitalUSD | 111,660,000Source | 106,666,000Source | 103,861,000Source | 103,592,000Source |
| Retained Earnings (Accumulated Deficit)USD | -93,705,000Source | -76,244,000Source | -53,849,000Source | -32,797,000Source |
| Stockholders' Equity Attributable to ParentUSD | 17,961,000Source | 30,424,000Source | 50,032,000Source | 70,815,000Source |
| Liabilities and EquityUSD | 38,946,000Source | 53,756,000Source | 71,660,000Source | 88,935,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 7,488,000Source | 10,394,000Source | 6,469,000Source | 6,561,000Source |
| Operating Lease, Liability, CurrentUSD | 1,687,000Source | 1,513,000Source | 1,258,000Source | 1,376,000Source |
| Operating Lease, Liability, NoncurrentUSD | 3,678,000Source | 5,297,000Source | 4,021,000Source | 5,839,000Source |
| Other Liabilities, NoncurrentUSD | 722,000Source | 431,000Source | 40,000Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -2,137,000Source | -2,026,000Source | -1,861,000Source | -676,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 1,330,000Source | 1,380,000Source | 889,000Source | — |
| Deferred Revenue, NoncurrentUSD | 1,778,000Source | 2,667,000Source | 3,556,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 6,569,000Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 3,250,000Source | — | 750,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 9,456,000Source | 6,569,000Source | 3,971,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -17,572,000Source | -22,560,000Source | -22,237,000Source | -5,356,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 3,593,000Source | 4,947,000Source | 6,954,000Source | 7,263,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 570,000Source | 403,000Source | 242,000Source | 620,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,283,000Source | -1,168,000Source | -869,000Source | -2,117,000Source |
| Increase (Decrease) in InventoriesUSD | — | -453,000Source | -2,391,000Source | -530,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | 1,107,000Source | -965,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -7,023,000Source | -4,716,000Source | -6,545,000Source | -14,182,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -10,000Source | -112,000Source | 209,000Source | 44,521,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 10,000Source | 112,000Source | 100,000Source | 265,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 204,000Source | 107,000Source | — | 442,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 7,929,000Source | 3,823,000Source | 4,726,000Source | -30,953,000Source |
| Repayments of Long-term DebtUSD | 750,000Source | 5,000,000Source | — | 29,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 896,000Source | -1,005,000Source | -1,610,000Source | -614,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,889,000Source | 1,993,000Source | 2,998,000Source | 4,608,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 814,000Source | 505,000Source | 56,000Source | 1,032,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 760,000Source | 470,000Source | 220,000Source | 720,000Source |
| Amortization of Debt Issuance CostsUSD | 522,000Source | 115,000Source | 22,000Source | 156,000Source |
| Amortization of Intangible AssetsUSD | 3,530,000Source | 4,830,000Source | 6,100,000Source | 6,100,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | 3,801,000Source | — | 20,586,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | 445,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | -1,850,000Source | -287,000Source | — | -2,324,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | — | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -6,010,000Source | -7,623,000Source | -2,060,000Source | -1,202,000Source |
| Income Tax Expense (Benefit)USD | 75,000Source | 220,000Source | 1,212,000Source | -431,000Source |
| InterestExpenseNonoperatingUSD | 2,078,000Source | 618,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -17,461,000Source | -22,395,000Source | -21,052,000Source | -4,018,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -111,000Source | -165,000Source | -1,185,000Source | -1,338,000Source |
| Operating ExpensesUSD | — | — | — | 620,000Source |
| Operating Lease, ExpenseUSD | 700,000Source | 900,000Source | 1,600,000Source | 1,600,000Source |
| Operating Lease, Impairment LossUSD | — | — | — | 300,000Source |
| Other Operating Income (Expense), NetUSD | — | — | — | 20,284,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 5,670,000Source | 7,950,000Source | 5,000,000Source | — |
| Proceeds from Stock Options ExercisedUSD | — | — | 27,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 4,939,000Source | 8,259,000Source | 17,755,000Source | 25,781,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of RevenueUSD | — | 445,000Source | 6,918,000Source | 7,980,000Source |
| Selling, General and Administrative ExpenseUSD | 4,647,000Source | 6,842,000Source | 13,361,000Source | 15,386,000Source |
| Operating Income (Loss)USD | -13,231,000Source | -21,409,000Source | -20,644,000Source | -2,260,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -17,497,000Source | -22,340,000Source | -21,025,000Source | -5,787,000Source |
| Income Tax Expense (Benefit)USD | 75,000Source | 220,000Source | 1,212,000Source | -431,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -111,000Source | -165,000Source | -1,185,000Source | -1,338,000Source |
| Net Income (Loss) Attributable to ParentUSD | -17,461,000Source | -22,395,000Source | -21,052,000Source | -4,018,000Source |
| Earnings Per Share, BasicUSD per share | -5.08Source | -9.84Source | -1.07Source | -0.2Source |
| Earnings Per Share, DilutedUSD per share | -5.08Source | -9.84Source | -1.07Source | -0.2Source |
| Total Revenue | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 3,435,816Source | 2,275,332Source | 19,711,637Source | 19,624,669Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 3,435,816Source | 2,275,332Source | 19,711,637Source | 19,624,669Source |
| Interest Expense (non-operating)USD | 2,078,000Source | 618,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,530,000Source | 4,830,000Source | 6,100,000Source | 6,100,000Source |
| Costs and ExpensesUSD | 8,567,000Source | 12,758,000Source | 23,271,000Source | 40,345,000Source |
| Current Income Tax Expense (Benefit)USD | 75,000Source | 220,000Source | 105,000Source | 534,000Source |
| Gross ProfitUSD | 4,939,000Source | 7,814,000Source | 10,837,000Source | 17,801,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -6,010,000Source | -7,623,000Source | -2,060,000Source | -1,202,000Source |
| Interest Expense, DebtUSD | — | — | 113,000Source | 1,187,000Source |
| Interest Income (Expense), NetUSD | — | — | -381,000Source | -3,527,000Source |
| Labor and Related ExpenseUSD | 3,920,000Source | 5,916,000Source | 9,910,000Source | 16,802,000Source |
| Operating ExpensesUSD | — | — | — | 620,000Source |
| Operating Lease, ExpenseUSD | 700,000Source | 900,000Source | 1,600,000Source | 1,600,000Source |
| Other IncomeUSD | — | — | — | 100,000Source |
| Other Operating Income (Expense), NetUSD | — | — | — | 20,284,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 4,939,000Source | 8,259,000Source | 17,755,000Source | 25,781,000Source |
Offerings
Registration 333-293200
Registration 333-288495
Filing attachments
tm2618608d1_ex99-1.htm · 8-K · 2026-06-23
EX-99.1 2 tm2618608d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 LEADERS IN VIDEO AND SOCIAL COMMERCE NASDAQ:XELB (NASDAQ: XELB) DISCLAIMERS Certain statements in this presentation, as well as certain oral statements made by management during the presentation, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements expressed or implied regarding our p…
Read attachment ↗xelb-20260413xex4d1.htm · 8-K · 2026-04-17
EX-4.1 2 xelb-20260413xex4d1.htm EX-4.1 Exhibit 4.1 Execution Version NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIE…
Read attachment ↗xelb-20260413xex4d2.htm · 8-K · 2026-04-17
EX-4.2 3 xelb-20260413xex4d2.htm EX-4.2 Exhibit 4.2 Execution Version NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIE…
Read attachment ↗xelb-20260413xex4d3.htm · 8-K · 2026-04-17
EX-4.3 4 xelb-20260413xex4d3.htm EX-4.3 Exhibit 4.3 Execution Version NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIE…
Read attachment ↗xelb-20260413xex4d4.htm · 8-K · 2026-04-17
EX-4.4 5 xelb-20260413xex4d4.htm EX-4.4 Exhibit 4.4 TERM LOAN A NOTE $500,000.00 April 13, 2026 This Term Loan A Note (this “Note”) is executed and delivered under and pursuant to the terms of that certain Loan and Security Agreement dated as of December 12, 2024 (as amended, modified, supplemented or restated from time to time, the “Loan Agreement”) by and among CLEAR MARKETS CAPITAL, LLC (d/b/a IPX Capital, LLC) (“Lender”), XCEL BRANDS, INC. (“Borrower”), and any other Credit Par…
Read attachment ↗xelb-20260413xex4d5.htm · 8-K · 2026-04-17
EX-4.5 6 xelb-20260413xex4d5.htm EX-4.5 Exhibit 4.5 TERM LOAN B NOTE $10,083,669.24 April 13, 2026 This Term Loan B Note (this “Note”) is executed and delivered under and pursuant to the terms of that certain Loan and Security Agreement dated as of December 12, 2024 (as amended, modified, supplemented or restated from time to time, the “Loan Agreement”) by and among UTG Capital INC. (“Lender”), XCEL BRANDS, INC. (“Borrower”), and any other Credit Party executing or becoming a party…
Read attachment ↗