XCel Brands, Inc. (XELB) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1333 BROADWAY NEW YORK, NY 10018 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6794 - Patent Owners and Lessors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,254 | 2,998 | 4,608 | 4,483 | 4,957 | 4,641 | |||
| Cash and cash equivalent | 1,254 | 2,998 | 4,608 | 4,483 | 4,957 | 4,641 | |||
| Receivables | 2,269 | 3,454 | 5,110 | 7,640 | 8,889 | 10,622 | |||
| Inventory, net of allowances, customer advances and progress billings | 453 | 2,845 | 3,375 | 1,216 | 899 | ||||
| Inventory | 453 | 2,845 | 3,375 | 1,216 | 899 | ||||
| Other undisclosed current assets | 520 | 398 | 1,457 | 1,681 | 1,085 | 1,404 | |||
| Total current assets: | 4,043 | 7,303 | 14,020 | 17,179 | 16,147 | 17,566 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,751 | 4,453 | 5,420 | 6,314 | 8,668 | ||||
| Property, plant and equipment | 182 | 634 | 1,418 | 2,549 | 3,367 | 3,666 | |||
| Long-term investments and receivables | 10,110 | 17,585 | 19,195 | ||||||
| Long-term investments | 10,110 | 17,585 | 19,195 | ||||||
| Intangible assets, net (including goodwill) | 34,759 | 41,520 | 47,665 | 98,304 | 93,535 | 111,095 | |||
| Intangible assets, net (excluding goodwill) | 34,759 | 41,520 | 47,665 | 98,304 | 93,535 | 111,095 | |||
| Deferred income tax assets | 1,107 | 141 | |||||||
| Other noncurrent assets | 911 | 165 | 110 | 555 | 228 | 505 | |||
| Other undisclosed noncurrent assets | 739 | 1,109 | 10,359 | ||||||
| Total noncurrent assets: | 49,713 | 64,357 | 74,915 | 108,602 | 106,907 | 125,625 | |||
| TOTAL ASSETS: | 53,756 | 71,660 | 88,935 | 125,781 | 123,054 | 143,191 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,734 | 2,127 | 3,958 | 6,233 | 4,442 | 4,391 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 577 | 973 | 1,444 | ||
| Accrued liabilities | 692 | 481 | 984 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 2,043 | 1,646 | 2,974 | 5,656 | 3,469 | 2,947 | |||
| Deferred revenue | 1,380 | 889 | |||||||
| Debt | 750 | 2,500 | 2,800 | 2,250 | |||||
| Other undisclosed current liabilities | 6,280 | 2,703 | 2,603 | 1,784 | 3,074 | 3,196 | |||
| Total current liabilities: | 10,394 | 6,469 | 6,561 | 10,517 | 10,316 | 9,837 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,569 | 3,971 | 32,783 | 22,307 | 16,571 | ||||
| Long-term debt, excluding current maturities | 6,569 | 3,971 | 25,531 | 13,838 | 16,571 | ||||
| Liabilities, other than long-term debt | 8,395 | 7,617 | 5,839 | 7,539 | 4,176 | 424 | |||
| Deferred revenue | 2,667 | 3,556 | |||||||
| Deferred rent credit | 200 | ||||||||
| Deferred income tax liabilities | 3,052 | ||||||||
| Other liabilities | 431 | 40 | 224 | 224 | |||||
| Operating lease, liability | 5,297 | 4,021 | 5,839 | 7,252 | 8,469 | ||||
| Business combination, contingent consideration, liability | 7,539 | 900 | |||||||
| Other undisclosed noncurrent liabilities | 5,432 | 6,396 | 17,907 | ||||||
| Total noncurrent liabilities: | 14,964 | 17,020 | 12,235 | 40,322 | 26,483 | 34,902 | |||
| Total liabilities: | 25,358 | 23,489 | 18,796 | 50,839 | 36,799 | 44,739 | |||
| Equity | |||||||||
| Equity, attributable to parent | 30,424 | 50,032 | 70,815 | 74,280 | 85,748 | 98,096 | |||
| Common stock | 2 | 20 | 20 | 20 | 19 | 19 | |||
| Additional paid in capital | 106,666 | 103,861 | 103,592 | 103,039 | 102,324 | 101,736 | |||
| Accumulated deficit | (76,244) | (53,849) | (32,797) | (28,779) | (16,595) | (3,659) | |||
| Equity, attributable to noncontrolling interest | (2,026) | (1,861) | (676) | 662 | 507 | 356 | |||
| Total equity: | 28,398 | 48,171 | 70,139 | 74,942 | 86,255 | 98,452 | |||
| TOTAL LIABILITIES AND EQUITY: | 53,756 | 71,660 | 88,935 | 125,781 | 123,054 | 143,191 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,259 | 17,755 | 25,781 | 37,932 | 29,448 | 41,727 | ||
| Cost of revenue | (6,234) | (10,355) | (7,980) | (24,085) | (17,592) | (22,002) | ||
| Cost of product and service sold | (445) | (6,918) | (7,980) | (10,667) | (5,456) | (10,272) | ||
| Other undisclosed gross profit | 5,789 | 3,437 | 13,418 | 12,136 | 11,730 | |||
| Gross profit: | 7,814 | 10,837 | 17,801 | 27,265 | 23,992 | 31,455 | ||
| Operating expenses | (6,524) | (12,916) | (15,736) | (22,856) | (14,916) | |||
| Other operating income, net | 20,284 | 46 | 2,850 | |||||
| Other undisclosed operating loss | (22,699) | (18,565) | (40,345) | (24,085) | (17,592) | (22,002) | ||
| Operating loss: | (21,409) | (20,644) | (2,260) | (12,556) | (16,410) | (2,613) | ||
| Interest and debt expense | (931) | (113) | (3,511) | (3,579) | (1,193) | (1,474) | ||
| Loss from continuing operations before equity method investments, income taxes: | (22,340) | (20,757) | (5,771) | (16,135) | (17,603) | (4,087) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (268) | (16) | ||||||
| Loss from continuing operations before income taxes: | (22,340) | (21,025) | (5,787) | (16,135) | (17,603) | (4,087) | ||
| Income tax expense (benefit) | (220) | (1,212) | 431 | 3,106 | 4,518 | 642 | ||
| Other undisclosed loss from continuing operations | ||||||||
| Loss from continuing operations: | (22,560) | (22,237) | (5,356) | (13,029) | (13,085) | (3,445) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (13,029) | (13,085) | (3,445) | |
| Net loss: | (22,560) | (22,237) | (5,356) | (13,029) | (13,085) | (3,445) | ||
| Net income attributable to noncontrolling interest | 165 | 1,185 | 1,338 | 845 | 149 | 19 | ||
| Net loss available to common stockholders, diluted: | (22,395) | (21,052) | (4,018) | (12,184) | (12,936) | (3,426) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (22,560) | (22,237) | (5,356) | (13,029) | (13,085) | (3,445) | ||
| Comprehensive loss: | (22,560) | (22,237) | (5,356) | (13,029) | (13,085) | (3,445) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 165 | 1,185 | 1,338 | 845 | 149 | 19 | ||
| Comprehensive loss, net of tax, attributable to parent: | (22,395) | (21,052) | (4,018) | (12,184) | (12,936) | (3,426) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.