14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $5M | -$17M | 100.0% | -267.9% | -$7M | $13M | $1M |
| 2024 | $8M | -$22M | 94.6% | -259.2% | -$5M | $7M | $1M |
| 2023 | $18M | -$21M | 61.0% | -116.3% | -$7M | $5M | $3M |
| 2022 | $26M | -$4M | 69.0% | -8.8% | -$14M | — | $5M |
| 2021 | $38M | -$12M | 71.9% | -33.1% | -$8M | $28M | $4M |
| 2020 | $29M | -$13M | 81.5% | -55.7% | $2M | $17M | $5M |
| 2019 | $42M | -$3M | 75.4% | -6.3% | $2M | $19M | $5M |
| 2018 | $35M | $1M | 92.4% | 11.1% | $5M | $20M | $9M |
| 2017 | $32M | -$10M | 100.0% | -29.1% | $4M | $25M | $10M |
| 2016 | — | $3M | — | — | $6M | $32M | $14M |
| 2015 | — | $3M | — | — | $3M | $41M | $17M |
| 2014 | — | -$1M | — | — | $6M | $50M | $9M |
| 2013 | — | $2M | — | — | $2M | $25M | $7M |
| 2012 | — | $4M | — | — | — | $30M | $4M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $1M | -$2M | 0.0% | -164.7% | — | $13M | $179000 |
| Dec '25 | $1M | -$3M | 100.0% | -166.8% | -$2M | $13M | $1M |
| Sep '25 | $1M | -$8M | 100.0% | -665.7% | -$1M | $13M | $1M |
| Jun '25 | $1M | -$4M | 100.0% | -125.2% | -$2M | $12M | $970000 |
| Mar '25 | $1M | -$3M | 0.0% | -164.2% | -$1M | $9M | $298000 |
| Dec '24 | $1M | -$7M | 100.0% | -532.9% | -$1M | $7M | $1M |
| Sep '24 | $2M | -$9M | 78.7% | -474.8% | -$432000 | $4M | $242000 |
| Jun '24 | $3M | $195000 | 98.7% | 10.4% | — | $5M | $924000 |
| Mar '24 | $2M | -$6M | 100.0% | -283.7% | — | $5M | $2M |
| Dec '23 | $2M | -$7M | 91.3% | -245.7% | -$4M | $5M | $3M |
| Sep '23 | $3M | -$5M | 91.5% | -204.9% | -$1M | — | $2M |
| Jun '23 | $7M | -$3M | 44.0% | -54.7% | $1M | — | $4M |
| Mar '23 | $6M | -$6M | 55.5% | -97.7% | -$3M | — | $2M |
| Dec '22 | $4M | -$6M | 44.3% | -207.2% | -$3M | — | $5M |
| Sep '22 | $5M | -$4M | 67.5% | -132.7% | -$2M | — | $8M |
| Jun '22 | $8M | $9M | 69.6% | 179.2% | -$8M | — | $11M |
| Mar '22 | $9M | -$3M | 80.8% | -34.6% | -$926000 | $27M | $3M |
| Dec '21 | $8M | -$7M | 64.1% | -87.0% | -$1M | $28M | $4M |
| Sep '21 | $11M | -$1M | 74.6% | -11.6% | -$87000 | $25M | $4M |
| Jun '21 | $11M | -$2M | 71.5% | -16.0% | -$5M | $25M | $5M |
How the market has priced XELB against its own fundamentals since 2023-04 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, XCel Brands, Inc.'s revenue has declined 30.0% per year. These are computed facts, not advice.
As of FY2025, XCel Brands, Inc. reported $13M of total debt against $1M of cash; operating income covered interest expense -6.4×.
In FY2025, gross margin was 100.0%, operating margin -267.9%, and net margin -353.5%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.