XCel Brands, Inc.
For the period ended Jun 30, 2026. Filed Aug 13, 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.
Jun 30, 2026 · Filed Aug 13, 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 Six Months Ended June 30, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows from operating activities · · · · | ||||||
| Net loss | | $(4,965) | | $(6,788) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization expense | | 1,706 | | 1,799 | ||
| Asset impairment and other charges related to sale of Judith Ripka brand | | 96 | | — | ||
| Paid in-kind interest expense | | | 515 | | | 192 |
| Amortization of deferred finance costs and other non-cash interest expense | | 491 | | 176 | ||
| Stock-based compensation and cost of licensee warrants | | 327 | | 238 | ||
| Loss from equity investments | | | — | | | 516 |
| Loss on early extinguishment of debt | | | — | | | 1,850 |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | 333 | | 446 | ||
| Prepaid expenses and other current and non-current assets | | 167 | | 104 | ||
| Deferred revenue | | | (799) | | | (497) |
| Accounts payable, accrued expenses, accrued income taxes payable, and other current liabilities | | (171) | | (1,560) | ||
| Lease-related assets and liabilities | | | (432) | | | (282) |
| Other long-term liabilities | | — | | 8 | ||
| Net cash used in operating activities | | (2,732) | | (3,798) | ||
| | | | | | | |
| Cash flows from investing activities | | | | | ||
| Cash consideration received from sale of Judith Ripka brand assets, net of transaction fees | | | 2,000 | | | — |
| Purchase of property and equipment | | — | | (10) | ||
| Net cash provided by (used in) investing activities | | 2,000 | | (10) | ||
| | | | | | | |
| Cash flows from financing activities | | | | | ||
| Proceeds from issuance of shares through equity line facility, net of transaction costs | | | 415 | | | — |
| Proceeds from long-term debt | | | 3,006 | | | 5,670 |
| Payment of deferred finance costs | | (350) | | (530) | ||
| Shares repurchased including vested restricted stock in exchange for withholding taxes | | | (102) | | (116) | |
| Payment of long-term debt | | (4,110) | | (500) | ||
| Net cash (used in) provided by financing activities | | (1,141) | | 4,524 | ||
| | | | | | | |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | | (1,873) | | 716 | ||
| | | | | | | |
| Cash, cash equivalents, and restricted cash at beginning of period | | | 2,889 | | | 1,993 |
| | | | | | | |
| Cash, cash equivalents, and restricted cash at end of period | | $1,016 | | $2,709 | ||
| | | | | | | |
| Reconciliation to amounts on condensed consolidated balance sheets: | | | | | ||
| Cash and cash equivalents | | $399 | | $970 | ||
| Restricted cash (reported in other non-current assets) | | 617 | | 1,739 | ||
| Total cash, cash equivalents, and restricted cash | | $1,016 | | $2,709 | ||
| | | | | | | |
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | | | ||
| Cash paid during the period for interest | | $196 | | $476 | ||
| Cash paid during the period for income taxes | | $50 | | $— | ||
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