FY2025 · ended Dec 31, 2025 · Revenue $4.94M, -40.2% YoY · Filed Apr 15, 2026
Xcel Brands, Inc. (XELB) files with the SEC under industry code 6794, Patent Owners & Lessors. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $4.9 million and a net loss of $17.5 million. Free cash flow was -$7.0 million. As of Jun 30, 2026 it held $399,000 in cash and investments and $16.6 million in total debt.
Revenue (TTM)
$4.55M
-21.2% vs year-ago TTM
Net income (TTM)
$-15.64M
+32.2% vs year-ago TTM
Operating cash flow (TTM)
$-5.96M
-5.8% vs year-ago TTM
Free cash flow
$-7.03M
-45.7% vs prior year
EPS (TTM)
$-2.99
+69.3% vs year-ago TTM
Dividend per share
None
Shares outstanding
5.91M
+146.9% vs prior year
Net cash
$-16.23M
as of Jun 30, 2026
Operating margin
-282.6%
FY 2026
Company profile
- Industry
- Patent Owners & Lessors (SIC 6794)
- Listed as
- XELB (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1083220
- Former names
- NETFABRIC HOLDINGS, INC (until Aug 11, 2011); HOUSTON OPERATING CO (until Apr 14, 2005)
Other Patent Owners & Lessors companies
- InterDigital, Inc. IDCC
- Dolby Laboratories, Inc. DLB
- Digital Turbine, Inc. APPS
- Acacia Research Corp ACTG
- JOINT Corp JYNT
- Alpha Modus Holdings, Inc. AMOD
- VirnetX Holding Corp VHC
- NETWORK-1 Technologies, Inc. NTIP
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $4.9M | $8.3M | $17.8M | $25.8M | $37.9M |
| Operating income | -$13.2M | -$21.4M | -$20.6M | -$2.3M | -$12.6M |
| Net income | -$17.5M | -$22.4M | -$21.1M | -$4.0M | -$12.2M |
| Diluted EPS | -$5.08 | -$9.84 | -$10.68 | -$0.20 | -$0.63 |
| Operating cash flow | -$7.0M | -$4.7M | -$6.5M | -$14.2M | -$6.6M |
| Free cash flow | -$7.0M | -$4.8M | -$6.6M | -$14.4M | -$7.7M |
| Total assets | $38.9M | $53.8M | $71.7M | $88.9M | $125.8M |
| Total liabilities | $23.1M | $25.4M | $23.5M | $18.8M | $50.8M |
| Stockholders' equity | $18.0M | $30.4M | $50.0M | $70.8M | $74.3M |
| Cash and investments | $1.1M | $1.3M | $3.0M | $4.6M | $4.5M |
| Total debt | $18.1M | $13.4M | $10.0M | $7.2M | $36.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Listing notice
|
Oct 2, 2026 | Sep 29, 2026 |
| 8-K |
Current report
Material agreement
|
Aug 19, 2026 | Aug 18, 2026 |
| 10-Q | Quarterly report | Aug 13, 2026 | Jun 30, 2026 |
| 10-K/A | Amended annual report | Aug 6, 2026 | Dec 31, 2025 |
| 8-K |
Current report
Regulation FD disclosure
|
Jun 23, 2026 | Jun 23, 2026 |
| 8-K |
Current report
Other events
|
May 26, 2026 | May 20, 2026 |
All 927 Xcel Brands, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.