Xcel Brands (XELB) Financial Statements & Analysis

Xcel Brands (XELB) Income Statement

Xcel Brands reported revenue of $4.94M in fiscal 2025 (fiscal year ended Mar 31, 2026), down 40.2% from $8.26M a year earlier. Xcel Brands posted a net loss of $17.46M, compared with a net loss of $22.39M a year earlier. Gross margin was 100.0% and operating margin -146.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $1.12M, down 15.1% from the same quarter a year earlier.

Xcel Brands Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Xcel Brands, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Dec 2025	Mar 2025	Dec 2024	Mar 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	4.94	4.94	8.26	8.26	17.76	17.76	25.78	25.78	37.93	29.45	29.45	41.73	35.47	31.71
Cost of Revenue	0.00	-	0.45	0.45	6.92	6.92	7.98	7.98	10.67	5.46	5.46	10.27	2.70	0.00
Gross Profit	4.94	4.94	7.81	7.81	10.84	10.84	17.80	17.80	27.27	23.99	23.99	31.46	32.76	31.71
Operating Expenses
Research & Development	0.00	-	0.00	-	0.00	-	0.00	-	0.00	0.00	-	0.00	0.00	0.00
Selling, General & Administrative	8.57	8.57	12.76	12.76	23.17	23.17	33.08	33.08	31.62	23.65	23.65	25.53	26.26	27.00
Operating Expenses	12.16	12.16	17.71	17.71	30.13	30.13	40.35	40.35	38.45	40.40	29.15	34.07	28.83	40.93
Operating Income	-7.22	-7.22	-9.89	-9.89	-19.29	-19.29	-22.54	-22.54	-11.18	-16.41	-5.16	-2.61	3.93	-9.22
Other Income/Expense
Interest Income	0.00	-	0.00	-	0.00	-	0.00	-	0.00	0.03	0.03	0.00	0.00	0.00
Interest Expense	2.42	2.42	0.64	0.64	0.38	0.38	1.20	1.20	2.06	1.22	-1.22	1.29	1.01	1.35
Other Income/Expense	-10.28	-7.86	-12.45	-11.81	-1.74	-1.36	16.76	17.96	-2.89	-1.19	-	-1.47	-1.01	-1.35
Income
Income Before Tax	-17.50	-17.50	-22.34	-22.34	-21.03	-21.03	-5.79	-5.79	-16.14	-17.60	-17.60	-4.09	2.92	-10.57
Income Tax Expense	0.08	0.08	0.22	0.22	1.21	1.21	-0.43	-0.43	-3.11	-4.52	-4.52	-0.64	1.83	-0.45
Net Income	-17.46	-17.46	-22.40	-22.40	-21.05	-21.05	-4.02	-4.02	-12.18	-12.94	-12.94	-3.43	1.09	-10.12
Net Income - Continuous Operations	-17.46	-17.57	-22.40	-22.56	-21.05	-22.24	-4.02	-5.36	-13.03	-12.94	-	-3.43	1.09	-10.12
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-11.49	-11.49	-16.75	-16.75	-13.69	-13.69	2.68	2.68	-7.24	-10.89	-10.91	1.10	5.71	-7.66
EBIT	-	-15.08	-	-21.70	-	-20.64	-	-4.58	-14.07	-	-16.41	-	-	-
Depreciation & Amortization	3.59	3.59	4.95	4.95	6.95	6.95	7.26	7.26	6.83	5.50	5.50	3.90	1.78	1.56
Earnings Per Share
Basic EPS	-5.00	-5.00	-10.00	-10.00	-11.00	-11.00	-2.00	-2.00	-6.00	-1.00	-7.00	-2.00	1.00	-5.00
Diluted EPS	-5.00	-5.00	-10.00	-10.00	-11.00	-11.00	-2.00	-2.00	-6.00	-1.00	-7.00	-2.00	1.00	-5.00
Basic Shares Outstanding	3.44	3.44	2.28	2.28	1.97	1.97	1.96	1.96	1.95	19.12	1.91	1.89	1.83	1.84
Diluted Shares Outstanding	3.44	3.44	2.28	2.28	1.97	1.97	1.96	1.96	1.95	19.12	1.91	1.89	1.83	1.85

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Xcel Brands Financial Statements

What was Xcel Brands's revenue in fiscal 2025?

Xcel Brands reported revenue of $4.94M in fiscal 2025 (fiscal year ended Mar 31, 2026). That was down 40.2% from $8.26M a year earlier.

Is Xcel Brands profitable?

No. Xcel Brands reported a net loss of $17.46M in fiscal 2025. In fiscal 2024 it lost $22.39M.

What is Xcel Brands's operating margin?

Xcel Brands's operating income was −$7.22M on revenue of $4.94M in fiscal 2025, an operating margin of -146.2%, compared with -119.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition