XCel Brands, Inc.
For the period ended Sep 30, 2025. Filed Nov 19, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 19, 2025
XELB$0.43+6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the Nine Months Ended September 30, | ||||||
| · 2025 · 2024 | ||||||
| Cash flows from operating activities · · | ||||||
| Net loss | | $(14,777) | | $(15,404) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | |||
| Depreciation and amortization expense | | 2,695 | | 4,044 | ||
| Asset impairment charges | | — | | 3,483 | ||
| Paid in-kind interest expense | | | 452 | | | — |
| Amortization of deferred finance costs and other non-cash interest expense | | 238 | | 76 | ||
| Stock-based compensation and cost of licensee warrants | | 346 | | 296 | ||
| Provision for (recovery of) credit losses | | | 30 | | | (45) |
| Loss from equity method investments | | | 6,010 | | | 7,937 |
| Loss on early extinguishment of debt | | | 1,850 | | | — |
| Gain on divestiture of Lori Goldstein brand | | | — | | | (3,801) |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | 836 | | 591 | ||
| Inventory | | — | | 453 | ||
| Prepaid expenses and other current and non-current assets | | 319 | | (134) | ||
| Deferred revenue | | | (685) | | | (180) |
| Accounts payable, accrued expenses, accrued income taxes payable, and other current liabilities | | (2,046) | | (304) | ||
| Lease-related assets and liabilities | | | (489) | | | (710) |
| Other long-term liabilities | | 25 | | 391 | ||
| Net cash used in operating activities | | (5,196) | | (3,307) | ||
| | | | | | | |
| Cash flows from investing activities | | | ||||
| Purchase of property and equipment | | (10) | | (112) | ||
| Net cash used in investing activities | | (10) | | (112) | ||
| | | | | | | |
| Cash flows from financing activities | | | ||||
| Proceeds from public offering and private placement transactions, net of transaction costs | | | 1,965 | | | 1,902 |
| Proceeds from long-term debt | | | 5,670 | | | — |
| Payment of deferred finance costs | | (567) | | — | ||
| Shares repurchased including vested restricted stock in exchange for withholding taxes | | | (122) | | — | |
| Payment of long-term debt | | (500) | | (500) | ||
| Net cash provided by financing activities | | 6,446 | | 1,402 | ||
| | | | | | | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | | 1,240 | | (2,017) | ||
| | | | | | | |
| Cash, cash equivalents, and restricted cash at beginning of period | | | 1,993 | | | 2,998 |
| | | | | | | |
| Cash, cash equivalents, and restricted cash at end of period | | $3,233 | | $981 | ||
| | | | | | | |
| Reconciliation to amounts on consolidated balance sheets: | | | ||||
| Cash and cash equivalents | | $1,494 | | $242 | ||
| Restricted cash (reported in prepaid expenses and other current assets) | | | 1,000 | | | — |
| Restricted cash (reported in other non-current assets) | | 739 | | 739 | ||
| Total cash, cash equivalents, and restricted cash | | $3,233 | | $981 | ||
| | | | | | | |
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | ||||
| Cash paid during the period for interest | | $607 | | $344 | ||
| Cash paid during the period for income taxes | | $515 | | $— | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.