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Xcel Brands, Inc

XELB Consumer Cyclical Apparel Manufacturing

Xcel Brands, Inc’s revenue for fiscal 2025 (year ended December 2025) was $4.9 million, down 40.2% from fiscal 2024.

Revenue
−15.1%
EPS
+75.9%
Free cash flow
+21.4%
Total debt
−1.31%

Quarter to June 2026, against a year earlier

0.35 0.05 −12.50%
Market cap
$2.4M
P/E
0.0×
Fwd P/E
−0.2×
Dividend yield
—
F-score
3/9
Altman Z
−4.38
Beneish M
−4.56
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.16
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 3 — — — — — — — 3 — — —
Sell — — — — — — — — — — — —
Insider Ownership 22.88%

Capital & Financial Ratios $m

Size
Market Cap 2.41
Revenue ttm 4.55
Net income ttm (15.75)
Free cash flow ttm (5.96)
Net debt Q 11.69
Valuation
P/E 0.00
Forward P/E (0.24) (negative: loss-making)
Price / sales 0.47
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.18
Financial health
Current ratio Q 0.28 (below 1: weak)
Debt / equity Q 1.03
Interest coverage Q (2.48)
Growth
Revenue growth Q −15.14% (below 0%: shrinking)
Operating income growth Q +4.17% (above 0%: growing)
EPS, this year +1.32%
EPS, next year A +68.00% (at or above 15%: strong)
Revenue, next year A +30.13% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +3.89%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.0×, against a ten-year median of 1.9×; over the ten years it ranged from 0.5× in 2022 to 5.3× in 2026.
P/S against its own 10 years 5.83%
10-year low 10-year high
P/B against its own 10 years 9.02%
10-year low 10-year high
EV/Sales against its own 10 years 80.53%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3 1 1 0
Receivables 3 2 1 1
Inventory 0 — — —
Other — — — —
7 4 4 2
2023 2024 2025 Q'26
Payables 2 3 1 1
ST’ Debt 2 4 3 2
Other — — — —
6 10 7 6

Compound Annual Growth %

10y 5y 3y
Sales (15.84%) (30.03%) (42.35%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (16.84%) (28.76%) (39.12%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.38 Actual −0.40

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY25 −0.50 −0.37 Beat by 0.13
Q3 FY25 −0.93 −2.02 Miss by 1.09
Q1 FY26 −0.48 −0.42 Beat by 0.06
Q2 FY26 −0.38 −0.40 Miss by 0.02
Q3 FY26 −0.34 — Reports 18 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.42) (0.40) — — —
’25 (1.18) (1.66) (2.02) (0.55) (5.08)
’24 (3.10) 0.10 (3.90) (3.00) (9.84)
’23 (2.90) (1.80) (2.60) (3.40) (10.70)
’22 (1.80) 4.80 (2.10) (3.00) (2.00)
’21 (1.30) (0.80) (0.60) (3.50) (6.30)
’20 (0.40) (0.70) (0.20) (5.40) (6.80)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 1 — — —
’25 1 1 1 1 5
’24 2 3 2 1 8
’23 6 7 3 2 18
’22 9 8 5 4 26
’21 8 11 11 8 38
’20 10 5 7 7 29
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (2) — — —
’25 (1) (2) (1) (2) (7)
’24 (3) 0 0 (1) (5)
’23 (3) 1 (1) (4) (7)
’22 (1) (8) (2) (3) (14)
’21 (2) (4) 0 (1) (7)
’20 0 2 0 1 3
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (2) — — —
’25 (1) (2) (1) (2) (7)
’24 (3) 0 0 (1) (5)
’23 (3) 2 (1) (4) (6)
’22 (1) (8) (2) (3) (14)
’21 (2) (5) 0 (1) (8)
’20 0 2 0 1 2
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 33 32 35 42 29 38 26 18 8 5 5 (18.9%) 6 13 23 +65.8%
Gross margin, % 100.00 100.00 92.38 75.38 81.47 71.88 69.05 61.04 94.61 100.00 100.00 0.0 pt
EBT 3 (11) 3 (4) (18) (16) (6) (21) (22) (17) (16) n/m
EBT margin, % 9.23 (33.33) 8.23 (9.79) (59.78) (42.54) (22.45) (118.42) (270.49) (354.26) (344.83) (363.5) pt
Net income 3 (10) 1 (3) (13) (13) (5) (22) (23) (18) (16) n/m
Per share, $
Per share, $ Revenue 17.55 17.14 19.40 22.13 15.40 19.50 13.14 9.01 3.63 1.44 0.74 (24.3%)
Earnings 1.50 (5.50) 0.60 (1.80) (6.80) (6.30) (2.00) (10.70) (9.84) (5.08) (3.39) n/m
Cash flow 4.25 2.53 3.61 1.86 1.67 (3.37) (7.23) (3.32) (2.07) (2.04) (0.97) n/m
Capex (1.16) (0.13) (0.81) (0.60) (0.37) (0.58) (0.13) 0.18 (0.05) 0.00 0.00 (48.6%)
Free cash flow 3.09 2.40 2.80 1.26 1.30 (3.95) (7.36) (3.14) (2.12) (2.05) (0.97) n/m
Book value 57.00 52.80 54.64 52.21 45.12 38.52 35.74 24.44 12.48 4.61 1.90 (24.4%)
Shares, m 2 2 2 2 2 2 2 2 2 3 5 +7.0%
Valuation, ×
Valuation, × P/E 28.85 0.00 19.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.8
P/S 2.45 1.93 0.58 0.68 0.79 0.56 0.57 1.62 1.42 0.75 0.47 1.1
P/B 0.75 0.63 0.21 0.29 0.27 0.28 0.21 0.60 0.41 0.23 0.18 0.4
EV/Sales 2.99 2.39 0.89 1.04 1.21 1.38 0.65 2.08 2.57 3.09 3.04 1.8
EV/FCF (21.22) 17.08 6.17 18.56 14.56 (6.79) (1.16) (5.92) (4.35) (2.16) (2.30) 1.5
Cash, $m
Cash, $m Operating cash flow 8 5 7 4 3 (7) (14) (7) (5) (7) (6) n/m
Capex (2) 0 (1) (1) (1) (1) 0 0 0 0 0 (45.0%)
Free cash flow 6 4 5 2 2 (8) (14) (6) (5) (7) (6) n/m
Balance, $m
Balance, $m Working capital 12 10 8 8 6 7 7 1 (6) (4) (4) n/m
Net debt 18 15 11 15 13 31 2 8 10 12 12 (4.7%)
Shareholders’ equity 106 98 100 98 86 75 70 48 28 16 12 (19.1%)
Returns, %
Returns, % ROA 1.81 (7.07) 0.80 (2.44) (9.72) (9.79) (3.74) (26.22) (35.71) (37.67) (39.27) (39.5) pt
ROIC 2.45 (5.13) 2.22 (1.44) (10.38) (7.40) (1.96) (22.92) (35.28) (30.20) (34.32) (32.6) pt
ROE 2.65 (9.93) 1.10 (3.45) (14.01) (15.12) (5.54) (35.59) (58.50) (78.97) (91.42) (81.6) pt
People
People Employees 94 80 90 84 69 93 81 36 21 15 — (18.4%)
Revenue/emp, $m 0.35 0.40 0.39 0.50 0.43 0.41 0.32 0.49 0.39 0.33 — (0.6%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Xcel Brands, Inc vs peers in Apparel Manufacturing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PLBY PLBY Group, Inc. $148.6M 63.9× — (loss-making) +8.53% (above 0%: growing) +293.33% (above 0%: growing) −90.36% (below 0%: shrinking) 77.23% 12.72% Compare
JXG Aquaron Acquisition Corp. $111.9M — (loss-making) — +69.42% (above 0%: growing) n/m −181,420.00% (below 0%: shrinking) 15.04% 0.00% Compare
LAKE Lakeland Industries, Inc. $88.8M — (loss-making) — (loss-making) −4.49% (below 0%: shrinking) n/m +92.21% (above 0%: growing) 36.98% (6.67%) Compare
JRSH Jerash Holdings (US), Inc. $74.6M 15.4× 14.7× +26.75% (above 0%: growing) +333.33% (above 0%: growing) +133.83% (above 0%: growing) 16.45% 5.24% Compare
JL J-Long Group Limited $14.3M — — — — — — — Compare
PMNT Perfect Moment Ltd. $11.2M — (loss-making) — (loss-making) −21.88% (below 0%: shrinking) n/m +14.90% (above 0%: growing) 54.52% (283.48%) Compare
PLCE The Children's Place, Inc. $7.5M — (loss-making) — (loss-making) −18.86% (below 0%: shrinking) n/m +149.53% (above 0%: growing) 34.44% (5.39%) Compare
XELB Xcel Brands, Inc $2.4M — (loss-making) — (loss-making) −15.14% (below 0%: shrinking) n/m +21.40% (above 0%: growing) 100.00% (141.39%)
NCI Neo-Concept International Group Holdings Limited $1.5M — — — — — — — Compare
Median of peers $44.4M — — +2.02% — +53.56% 35.71% (2.69%)

All 23 Apparel Manufacturing stocks →

Pay and ownership Proxy statement filed 17 October 2025

Chief executive’s pay

Year Total pay Actually paid $100 invested
2024 936.26k 936.26k (60.08)
2023 1.08m 1.08m 84.29
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Xcel Brands, Inc (XELB) Latest News

13 Oct

Impact 4 · · GlobeNewswire

8 Oct

Impact 4 · · GlobeNewswire

14 Aug

Impact 3 · · Moby transcript
Impact 3 ·
Impact 3 ·

13 Aug

Impact 3 ·

14 Jul

Impact 3 ·

9 Jun

Impact 3 · · GlobeNewswire

4 Jun

Impact 3 · · GlobeNewswire

20 May

Impact 3 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com

15 May

Impact 3 · · Moby transcript

14 May

Impact 3 · · GlobeNewswire
Impact 3 · · GlobeNewswire
Impact 3 · · GlobeNewswire

30 Apr

Impact 4 · · GlobeNewswire
Impact 4 · · wwd.com

24 Apr

Impact 4 · · GlobeNewswire

8 Apr

Impact 3 · · Moby

7 Apr

Impact 3 · · GuruFocus.com
Impact 3 · · GlobeNewswire

17 Dec

Impact 3 · · GlobeNewswire

24 Nov

Impact 3 · · GlobeNewswire

20 Nov

Impact 3 · · GuruFocus.com transcript

19 Nov

Impact 3 · · Zacks
Impact 3 · · GlobeNewswire

19 Sep

Impact 3 ·

6 Sep

Impact 3 ·

11 Aug

Impact 3 ·

7 Aug

Impact 3 · · GlobeNewswire
stockrow.com/XELB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com