Saturday 17 October 2026 Export XELB’s income statement to Excel — free account

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. In the quarter to June 2026, revenue fell 15.1%, EPS grew 75.9%, free cash flow grew 21.4% and total debt fell 1.31%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

0.46 0.11 +31.43%

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Market cap: $2.3M
P/E: 0.0×
Fwd P/E: −1.4×
Dividend yield: —
F-score: 3/9
Altman Z: −4.38
Beneish M: −4.56
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.16

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	3	—	—	—	—	—	—	—	3	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 26.77%

Capital & Financial Ratios $m

Market Cap 2.29

Revenue 4.55

Net Income (15.75)

Free Cash Flow (5.96)

Net Debt 11.69

Current Ratio 0.28

Debt/Equity 1.03

P/E ratio 0.00

Fwd P/E (1.43)

P/S ratio 0.62

P/B ratio 0.24

Past 5Y EPS Growth —

This Y EPS Growth 1.32%

Next Y EPS Growth 68.00%

Next Y revenue growth 30.13%

Next 5Y EPS Growth 3.89%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 17.47%

10-year low 10-year high

P/B against its own 10 years 20.38%

10-year low 10-year high

EV/Sales against its own 10 years 82.75%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

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%)

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	38.00	18.00	9.95	11.00	4.00	9.49	6.71	5.11	3.31	0.74	Analyst estimates 2026–2028 Powerpack
	High	74.99	50.00	35.00	35.00	18.60	41.50	19.90	21.00	16.97	5.49
People
People	Employees	94	80	90	84	69	93	81	36	21	15
	Revenue/emp, $m	0.35	0.40	0.39	0.50	0.43	0.41	0.32	0.49	0.39	0.33
Income, $m
Income, $m	Revenue	33	32	35	42	29	38	26	18	8	5
	Gross margin, %	100.00	100.00	92.38	75.38	81.47	71.88	69.05	61.04	94.61	100.00
	EBT	3	(11)	3	(4)	(18)	(16)	(6)	(21)	(22)	(17)
	EBT margin, %	9.23	(33.33)	8.23	(9.79)	(59.78)	(42.54)	(22.45)	(118.42)	(270.49)	(354.26)
	Net income	3	(10)	1	(3)	(13)	(13)	(5)	(22)	(23)	(18)
	Depreciation	2	14	2	10	19	7	7	7	5	4
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
	Earnings	1.50	(5.50)	0.60	(1.80)	(6.80)	(6.30)	(2.00)	(10.70)	(9.84)	(5.08)
	Cash flow	4.25	2.53	3.61	1.86	1.67	(3.37)	(7.23)	(3.32)	(2.07)	(2.04)
	Capex	(1.16)	(0.13)	(0.81)	(0.60)	(0.37)	(0.58)	(0.13)	0.18	(0.05)	0.00
	Free cash flow	3.09	2.40	2.80	1.26	1.30	(3.95)	(7.36)	(3.14)	(2.12)	(2.05)
	Book value	57.00	52.80	54.64	52.21	45.12	38.52	35.74	24.44	12.48	4.61
	Shares, m	2	2	2	2	2	2	2	2	2	3
Valuation, ×
Valuation, ×	P/E	28.85	0.00	19.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	2.45	1.93	0.58	0.68	0.79	0.56	0.57	1.62	1.42	0.75
	P/B	0.75	0.63	0.21	0.29	0.27	0.28	0.21	0.60	0.41	0.23
	EV/Sales	2.99	2.39	0.89	1.04	1.21	1.38	0.65	2.08	2.57	3.09
	EV/FCF	(21.22)	17.08	6.17	18.56	14.56	(6.79)	(1.16)	(5.92)	(4.35)	(2.16)
Cash, $m
Cash, $m	Operating cash flow	8	5	7	4	3	(7)	(14)	(7)	(5)	(7)
	Capex	(2)	0	(1)	(1)	(1)	(1)	0	0	0	0
	Free cash flow	6	4	5	2	2	(8)	(14)	(6)	(5)	(7)
Balance, $m
Balance, $m	Working capital	12	10	8	8	6	7	7	1	(6)	(4)
	Total debt	32	25	20	20	18	36	7	11	11	13
	Net debt	18	15	11	15	13	31	2	8	10	12
	Shareholders’ equity	106	98	100	98	86	75	70	48	28	16
Returns, %
Returns, %	ROA	1.81	(7.07)	0.80	(2.44)	(9.72)	(9.79)	(3.74)	(26.22)	(35.71)	(37.67)
	ROIC	2.45	(5.13)	2.22	(1.44)	(10.38)	(7.40)	(1.96)	(22.92)	(35.28)	(30.20)
	ROE	2.65	(9.93)	1.10	(3.45)	(14.01)	(15.12)	(5.54)	(35.59)	(58.50)	(78.97)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LAKE Lakeland Industries, Inc.	$93.2M	— (loss-making)	— (loss-making)	−4.49% (below 0%: shrinking)	n/m	+92.21% (above 0%: growing)	36.98%	(6.67%)	Compare
JXG Aquaron Acquisition Corp.	$87.4M	— (loss-making)	—	+69.42% (above 0%: growing)	n/m	−181,420.00% (below 0%: shrinking)	15.04%	0.00%	Compare
JRSH Jerash Holdings (US), Inc.	$78.2M	16.2×	11.0×	+26.75% (above 0%: growing)	+333.33% (above 0%: growing)	+133.83% (above 0%: growing)	16.45%	5.24%	Compare
PLCE The Children's Place, Inc.	$25.4M	— (loss-making)	— (loss-making)	−18.86% (below 0%: shrinking)	n/m	+149.53% (above 0%: growing)	34.44%	(5.39%)	Compare
JL J-Long Group Limited	$16.3M	—	—	—	—	—	—	—	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
DLAPQ Delta Apparel, Inc.	$4.1M	— (loss-making)	— (loss-making)	−28.46% (below 0%: shrinking)	n/m	+348.24% (above 0%: growing)	4.25%	(30.96%)	Compare
XELB Xcel Brands, Inc	$2.3M	— (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	$2.0M	—	—	—	—	—	—	—	Compare
Median of peers	$20.8M	—	—	−11.67%	—	+113.02%	25.45%	(6.03%)

All 23 Apparel Manufacturing stocks →

Xcel Brands, Inc (XELB) key facts

Concern: Xcel Brands, Inc’s revenue for fiscal 2025 (year ended December 2025) was $4.9 million, down 40.2% from fiscal 2024.
Xcel Brands, Inc (XELB) is an Apparel Manufacturing company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, XELB traded at $0.46, a market capitalization of $2.3 million.
Return on equity was −79.0% and debt-to-equity 1.03.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −4.38 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.