XCel Brands, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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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Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the Three Months Ended March 31, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows from operating activities · · · · | ||||||
| Net loss | | $(2,489) | | $(2,797) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization expense | | 893 | | 900 | ||
| Asset impairment charge | | 61 | | — | ||
| Paid in-kind interest expense | | | 253 | | | — |
| Amortization of deferred finance costs and other non-cash interest expense | | 199 | | 102 | ||
| Stock-based compensation and cost of licensee warrants | | 104 | | 109 | ||
| Loss from equity investments | | | — | | | 336 |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | 300 | | 164 | ||
| Prepaid expenses and other current and non-current assets | | (603) | | 12 | ||
| Deferred revenue | | | (233) | | | (205) |
| Accounts payable, accrued expenses, accrued income taxes payable, and other current liabilities | | 852 | | 27 | ||
| Lease-related assets and liabilities | | | (214) | | | (82) |
| Net cash used in operating activities | | (877) | | (1,434) | ||
| | | | | | | |
| Cash flows from investing activities | | | | | ||
| Purchase of property and equipment | | — | | (14) | ||
| Net cash used in investing activities | | — | | (14) | ||
| | | | | | | |
| Cash flows from financing activities | | | | | ||
| Payment of costs associated with equity line facility | | | (208) | | | — |
| Proceeds from long-term debt | | | — | | | 2,050 |
| Shares repurchased including vested restricted stock in exchange for withholding taxes | | | (46) | | (58) | |
| Payment of long-term debt | | (500) | | — | ||
| Net cash (used in) provided by financing activities | | (754) | | 1,992 | ||
| | | | | | | |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | | (1,631) | | 544 | ||
| | | | | | | |
| Cash, cash equivalents, and restricted cash at beginning of period | | | 2,889 | | | 1,993 |
| | | | | | | |
| Cash, cash equivalents, and restricted cash at end of period | | $1,258 | | $2,537 | ||
| | | | | | | |
| Reconciliation to amounts on condensed consolidated balance sheets: | | | | | ||
| Cash and cash equivalents | | $179 | | $298 | ||
| Restricted cash (reported in other non-current assets) | | 1,079 | | 2,239 | ||
| Total cash, cash equivalents, and restricted cash | | $1,258 | | $2,537 | ||
| | | | | | | |
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | | | ||
| Cash paid during the period for interest | | $109 | | $372 | ||
| Cash paid during the period for income taxes | | $50 | | $— | ||
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