XCel Brands, Inc.

For the period ended Mar 31, 2026. Filed May 14, 2026.

About 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.

Mar 31, 2026 · Filed May 14, 2026

XELB$0.43+6.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)


· · March 31, 2026 · · December 31, 2025
· · (Unaudited) · · (Note 1)
Assets · · · ·
Current Assets: · · · ·
Cash and cash equivalents	$179	$1,150
Accounts receivable, net	656	956
Assets held for sale	2,542	—
Prepaid expenses and other current assets	1,117	1,564
Total current assets	4,494	3,670
Non-current Assets:
Property and equipment, net	115	130
Operating lease right-of-use assets	2,810	3,005
Trademarks and other intangibles, net	27,747	31,229
Other assets	1,252	912
Total non-current assets	31,924	35,276

Total Assets	$36,418	$38,946

Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$1,915	$1,221
Deferred revenue	1,319	1,330
Current portion of operating lease obligations	1,718	1,687
Current portion of long-term debt	2,750	3,250
Total current liabilities	7,702	7,488
Long-Term Liabilities:
Deferred revenue	1,556	1,778
Long-term portion of operating lease obligations	3,238	3,678
Long-term debt, net, less current portion	9,840	9,456
Other long-term liabilities	901	722
Total long-term liabilities	15,535	15,634
Total Liabilities	23,237	23,122

Commitments and Contingencies

Stockholders' Equity:
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued and outstanding	—	—
Common stock, $.001 par value, 50,000,000 shares authorized, and 5,913,492 and 5,880,757 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	6	6
Paid-in capital	111,506	111,660
Accumulated deficit	(96,194)	(93,705)
Total Xcel Brands, Inc. stockholders' equity	15,318	17,961
Noncontrolling interest	(2,137)	(2,137)
Total Stockholders' Equity	13,181	15,824

Total Liabilities and Stockholders' Equity	$36,418	$38,946

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.