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

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Contents

Unaudited Condensed Consolidated Statements of Operations

(in thousands, except share and per share data)


· · For the Three Months Ended ·
· · March 31, ·
· · 2026 · · 2025 ·
Revenues · · · · · ·
Net licensing revenue	$1,144	$1,332

Direct operating costs and expenses
Salaries, benefits and employment taxes	872	1,086
Other selling, general and administrative expenses	1,202	1,197
Total direct operating costs and expenses	2,074	2,283

Operating loss before other operating costs and expenses	(930)	(951)

Other operating costs and expenses
Depreciation and amortization	893	900
Asset impairment charge	61	—
Loss from equity investments	—	336

Operating loss	(1,884)	(2,187)

Interest and finance expense (income)
Interest expense	562	473
Other finance charges (income), net	31	87
Interest and finance expense (income), net	593	560

Loss before income taxes	(2,477)	(2,747)

Income tax provision (benefit)	12	50

Net loss	(2,489)	(2,797)
Net loss attributable to noncontrolling interest	—	—
Net loss attributable to Xcel Brands, Inc. stockholders	$(2,489)	$(2,797)

Loss per common share attributable to Xcel Brands, Inc. stockholders:
Basic and diluted net loss per share	$(0.42)	$(1.18)
Weighted average number of common shares outstanding:
Basic and diluted weighted average common shares outstanding	5,903,599	2,373,583

ContentsView on SEC.gov

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