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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. 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%
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 (below 1: weak)
Debt/Equity 1.03
P/E ratio 0.00
Fwd P/E (1.43) (negative: loss-making)
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% (at or above 15%: strong)
Next Y revenue growth 30.13% (at or above 10%: strong)
Next 5Y EPS Growth 3.89%

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.2×, 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 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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Xcel Brands, Inc (XELB) Latest News

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