Xcel Brands, Inc. Announces Second Quarter 2025 Financial Results
Xcel Brands (NASDAQ: XELB) reported its Q2 2025 financial results, showing revenue of $1.3 million, flat compared to Q1 2025 but down 55% year-over-year due to the Lori Goldstein brand divestiture. The company posted a net loss of $4.0 million ($1.66 per share), including a $1.9 million loss from debt refinancing.
Notable achievements include growing social media following from 5 million to 43 million in Q2. The company has reduced operating expenses to under $10 million annually and projects reaching break-even monthly Adjusted EBITDA by end of 2025. In August 2025, Xcel raised $2.6 million through public offering and private placement to strengthen its balance sheet.
Xcel Brands (NASDAQ: XELB) ha comunicato i risultati finanziari del secondo trimestre 2025, registrando ricavi per 1,3 milioni di dollari, invariati rispetto al primo trimestre 2025 ma in calo del 55% su base annua a seguito della cessione del marchio Lori Goldstein. La società ha riportato una perdita netta di 4,0 milioni di dollari (1,66 dollari per azione), comprensiva di una perdita di 1,9 milioni derivante dalla ristrutturazione del debito.
Tra i risultati degni di nota figurano la crescita dei follower sui social da 5 milioni a 43 milioni nel secondo trimestre. L'azienda ha ridotto le spese operative a meno di 10 milioni di dollari l'anno e prevede di raggiungere il pareggio dell'EBITDA rettificato mensile entro la fine del 2025. Ad agosto 2025 Xcel ha raccolto 2,6 milioni di dollari tramite offerta pubblica e collocamento privato per rafforzare il proprio bilancio.
Xcel Brands (NASDAQ: XELB) informó sus resultados financieros del segundo trimestre de 2025, con ingresos de 1,3 millones de dólares, sin cambios respecto al primer trimestre de 2025 pero un descenso del 55% interanual debido a la venta de la marca Lori Goldstein. La compañía registró una pérdida neta de 4,0 millones de dólares (1,66 dólares por acción), que incluye una pérdida de 1,9 millones por la refinanciación de deuda.
Entre los logros destacados figura el aumento de seguidores en redes sociales de 5 millones a 43 millones en el segundo trimestre. La empresa ha reducido los gastos operativos por debajo de 10 millones de dólares anuales y proyecta alcanzar el punto de equilibrio del EBITDA ajustado mensual para finales de 2025. En agosto de 2025 Xcel recaudó 2,6 millones de dólares mediante oferta pública y colocación privada para fortalecer su balance.
Xcel Brands (NASDAQ: XELB)는 2025년 2분기 실적을 발표하며 매출 130만 달러를 기록했다고 밝혔습니다. 이는 2025년 1분기와 유사하지만 Lori Goldstein 브랜드 매각으로 전년 동기 대비 55% 감소한 수치입니다. 회사는 순손실 400만 달러(주당 1.66달러)를 기록했으며, 이 중 채무 재융자로 인한 손실이 190만 달러 포함돼 있습니다.
주목할 만한 성과로는 2분기 소셜 미디어 팔로워 수가 500만명에서 4300만명으로 증가한 점이 있습니다. 회사는 연간 영업비용을 1000만 달러 미만으로 줄였고, 2025년 말까지 월간 조정 EBITDA의 손익분기점 도달을 전망하고 있습니다. 2025년 8월 Xcel은 재무구조 강화를 위해 공개 발행 및 사모를 통해 260만 달러를 조달했습니다.
Xcel Brands (NASDAQ: XELB) a publié ses résultats du deuxième trimestre 2025, affichant un chiffre d'affaires de 1,3 million de dollars, stable par rapport au premier trimestre 2025 mais en baisse de 55% sur un an en raison de la cession de la marque Lori Goldstein. La société a enregistré une perte nette de 4,0 millions de dollars (1,66 dollar par action), incluant une perte de 1,9 million liée au refinancement de la dette.
Parmi les faits marquants, le nombre d'abonnés sur les réseaux sociaux est passé de 5 millions à 43 millions au deuxième trimestre. L'entreprise a réduit ses frais d'exploitation à moins de 10 millions de dollars par an et prévoit d'atteindre l'équilibre de l'EBITDA ajusté mensuel d'ici la fin 2025. En août 2025, Xcel a levé 2,6 millions de dollars via une offre publique et un placement privé pour renforcer son bilan.
Xcel Brands (NASDAQ: XELB) veröffentlichte seine Finanzergebnisse für das zweite Quartal 2025 und wies Umsatz in Höhe von 1,3 Millionen US-Dollar aus, unverändert zum ersten Quartal 2025, jedoch ein Rückgang von 55% gegenüber dem Vorjahr infolge des Verkaufs der Marke Lori Goldstein. Das Unternehmen verzeichnete einen Nettoverlust von 4,0 Millionen US-Dollar (1,66 US-Dollar je Aktie), einschließlich eines Verlustes von 1,9 Millionen aus der Umschuldung.
Zu den bemerkenswerten Erfolgen zählt das Wachstum der Social-Media-Follower von 5 Millionen auf 43 Millionen im zweiten Quartal. Das Unternehmen hat die Betriebskosten auf unter 10 Millionen US-Dollar jährlich gesenkt und rechnet damit, bis Ende 2025 das monatliche bereinigte EBITDA auf Break-even zu bringen. Im August 2025 hat Xcel 2,6 Millionen US-Dollar durch ein öffentliches Angebot und eine Privatplatzierung aufgenommen, um die Bilanz zu stärken.
- None.
- Revenue declined 55% year-over-year to $1.3 million in Q2 2025
- Net loss of $4.0 million in Q2 2025 compared to $0.2 million profit in Q2 2024
- $1.9 million loss on early extinguishment of debt from refinancing
- Limited liquidity with only $1.0 million in cash and $0.7 million in working capital
- Negative Adjusted EBITDA of $0.3 million in Q2 2025
Insights
Xcel Brands posts $4M Q2 loss amid business transformation; social media growth impressive but financials remain weak.
Xcel Brands' Q2 results paint a picture of a company in transition that's betting heavily on influencer marketing while still working toward profitability. The company's social media following surged impressively from 5 million to 43 million in Q2, showcasing successful execution of their influencer strategy, but this hasn't yet translated to financial performance.
Revenue remained flat at
More telling is the year-to-date Adjusted EBITDA of negative
The balance sheet shows
Management's projection of approaching break-even monthly Adjusted EBITDA by year-end 2025 suggests they're making progress on their turnaround, but the path to sustainable profitability remains challenging. Investors should watch for evidence that the massive social media growth can convert to revenue as their new influencer brands launch later this year and in 2026.
- Social media following in brand portfolio increased from 5 million to 43 million in the 2nd quarter, which includes the previous announcements of new influencer brands during the current quarter.
- The current quarter 2025 revenues of
$1.3 million , essentially flat compared with first quarter 2025, with minimal negative impacts to date from tariffs and current economic headwinds. - Net loss on a GAAP basis was
$4.0 million for the current quarter and$6.8 million on a year-to-date basis, inclusive of non-cash charges related to debt refinancing. - Year-to-Date Adjusted EBITDA for 2025 was negative
$1.0 million , compared with Adjusted EBITDA of negative$1.6 million for the first six months of 2024, representing a38% improvement; the Company projects approaching break-even monthly Adjusted EBITDA by end of 2025.
NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company with significant expertise in livestream shopping and social commerce, today announced its financial results for the quarter ended June 30, 2025.
Robert W. D'Loren, Chairman and Chief Executive Officer of Xcel commented “Our current quarter results reflect the stability of our current revenue streams and working-capital-light operating model. Our recent debt and equity financing transactions in April and August have strengthened our balance sheet, which will facilitate the development of our new and exciting creator/influencer brands that we have announced over the last few months. We have planned launches that begin later this year and in 2026.”
Second Quarter 2025 Financial Results
Total revenue for the second quarter of 2025 was
Direct operating costs and expenses decreased approximately
During the quarter, the Company recognized a
Net loss attributable to Xcel Brands stockholders for the quarter was approximately
After adjusting certain cash and non-cash items, results on a non-GAAP basis were a net loss of approximately
Six Month 2025 Financial Results
Total revenue for the current six-month period was
Direct operating costs and expenses decreased approximately
During the current six-month period, the Company recognized a
Net loss attributable to Xcel Brands stockholders for the six months ended June 30, 2025 was approximately
After adjusting for certain cash and non-cash items, results on a non-GAAP basis were a net loss of approximately
Balance Sheet
The Company's balance sheet at June 30, 2025 reflected stockholders' equity of approximately
In August 2025, the Company closed on a public equity offering and concurrent management-led private placement equity transaction, for combined gross proceeds of approximately
Conference Call and Webcast
The Company will host a conference call with members of the executive management team to discuss these results with additional comments and details at 9:00 a.m. Eastern Time on August 14, 2025. A webcast of the conference call will be available live on the Investor Relations section of Xcel's website at www.xcelbrands.com. Interested parties unable to access the conference call via the webcast may dial 800-715-9871 or 646-307-1963 and use the conference ID 9043618. A replay of the webcast will be available on Xcel’s website.
About Xcel Brands
Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the co-branded collaboration brands TowerHill by Christie Brinkley, LB70 by Lloyd Boston, Trust. Respect. Love by Cesar Millan, GemmaMade by Gemma Stafford, and a brand in development with Coco Rocha and also holds noncontrolling interests or long-term license agreements in the Isaac Mizrahi brand, Orme Live, and Mesa Mia Live by Jenny Martinez. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing, LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retailers, and e-commerce channels to be everywhere its customers shop. The company’s brands have generated in excess of
Forward Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release, including statements regarding future events, our future financial performance, business strategy and plans and objectives of management for future operations, are forward-looking statements. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "ongoing," "could," "estimates," "expects," "intends," "may," "appears," "suggests," "future," "likely," "goal," "plans," "potential," "projects," "predicts," "seeks," "should," "would," "guidance," "confident" or "will" or the negative of these terms or other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding our anticipated revenue, expenses, profitability, strategic plans and capital needs. These statements are based on information available to us on the date hereof and our current expectations, estimates and projections and are not guarantees of future performance. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including, without limitation, the risks discussed in the "Risk Factors" section and elsewhere in the Company's Annual Report on form 10-K for the year ended December 31, 2024 and its other filings with the SEC, which may cause our or our industry's actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time, and it is not possible for us to predict all risk factors, nor can we address the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause our actual results to differ materially from those contained in any forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.
For further information please contact:
Seth Burroughs
Xcel Brands
sburroughs@xcelbrands.com
Non-GAAP net income and non-GAAP diluted EPS are non-GAAP unaudited terms. We define non-GAAP net income as net income (loss) attributable to Xcel Brands, Inc. stockholders, exclusive of amortization of trademarks, income (loss) from equity method investments, stock-based compensation and cost of licensee warrants, loss on early extinguishment of debt (if any), gains on sales of assets and investments (if any), asset impairment charges (if any), and income taxes (if any). Non-GAAP net income (loss) and non-GAAP diluted EPS measures do not include the tax effect of the aforementioned adjusting items, due to the nature of these items and the Company’s tax strategy.
Adjusted EBITDA is a non-GAAP unaudited measure, which we define as net income (loss) attributable to Xcel Brands, Inc. stockholders before interest and finance expenses (including loss on extinguishment of debt, if any), accretion of lease liability for exited leases, income taxes, other state and local franchise taxes, depreciation and amortization, income (loss) from equity method investments, asset impairment charges, stock-based compensation and cost of licensee warrants, gains on sales of assets and investments, and costs associated with restructuring of operations. Costs associated with restructuring of operations include operating losses generated by certain of our businesses that have been restructured or discontinued (i.e., wholesale apparel and fine jewelry), as well as non-cash charges associated with the restructuring of certain contractual arrangements.
Management uses non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA as measures of operating performance to assist in comparing performance from period to period on a consistent basis and to identify business trends relating to our results of operations. Management believes non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA are also useful because these measures adjust for certain costs and other events that management believes are not representative of our core business operating results, and thus these non-GAAP measures provide supplemental information to assist investors in evaluating our financial results.
Non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA should not be considered in isolation or as alternatives to net income, earnings per share, or any other measure of financial performance calculated and presented in accordance with GAAP. Given that non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA are financial measures not deemed to be in accordance with GAAP and are susceptible to varying calculations, our non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA may not be comparable to similarly titled measures of other companies, including companies in our industry, because other companies may calculate these measures in a different manner than we do. In evaluating non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA, you should be aware that in the future we may or may not incur expenses similar to some of the adjustments in this document. Our presentation of non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA does not imply that our future results will be unaffected by these expenses or any unusual or non-recurring items. When evaluating our performance, you should consider non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA alongside other financial performance measures, including our net income and other GAAP results, and not rely on any single financial measure.
| Xcel Brands, Inc. and Subsidiaries | |||||||||||||||||
| Unaudited Consolidated Statements of Operations | |||||||||||||||||
| (in thousands, except share and per share data) | |||||||||||||||||
| For the Three Months Ended | For the Six Months Ended | ||||||||||||||||
| June 30, | June 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Revenues | |||||||||||||||||
| Net licensing revenue | $ | 1,321 | $ | 2,826 | $ | 2,653 | $ | 5,010 | |||||||||
| Net sales | - | 128 | - | 128 | |||||||||||||
| Net revenue | 1,321 | 2,954 | 2,653 | 5,138 | |||||||||||||
| Cost of goods sold | - | 38 | - | 38 | |||||||||||||
| Gross profit | 1,321 | 2,916 | 2,653 | 5,100 | |||||||||||||
| Operating costs and expenses | |||||||||||||||||
| Salaries, benefits and employment taxes | 984 | 1,630 | 2,070 | 3,563 | |||||||||||||
| Other selling, general and administrative expenses | 912 | 1,490 | 2,109 | 3,519 | |||||||||||||
| Total direct operating costs and expenses | 1,896 | 3,120 | 4,179 | 7,082 | |||||||||||||
| Operating loss before other operating costs and expenses (income) | (575 | ) | (204 | ) | (1,526 | ) | (1,982 | ) | |||||||||
| Other operating costs and expenses (income) | |||||||||||||||||
| Depreciation and amortization | 899 | 1,545 | 1,799 | 3,134 | |||||||||||||
| Asset impairment charges | - | 1,188 | - | 3,483 | |||||||||||||
| Loss from equity method investments | 180 | 557 | 516 | 1,090 | |||||||||||||
| Gain on divestiture of Lori Goldstein Brand | - | (3,801 | ) | - | (3,801 | ) | |||||||||||
| Operating loss (income) | (1,654 | ) | 307 | (3,841 | ) | (5,888 | ) | ||||||||||
| Interest and finance expense (income) | |||||||||||||||||
| Interest expense | 457 | 139 | 930 | 285 | |||||||||||||
| Other interest and finance charges | 30 | 7 | 117 | 11 | |||||||||||||
| Loss on early extinguishment of debt | 1,850 | - | 1,850 | - | |||||||||||||
| Interest and finance expense (income), net | 2,337 | 146 | 2,897 | 296 | |||||||||||||
| (Loss) income before income taxes | (3,991 | ) | 161 | (6,738 | ) | (6,184 | ) | ||||||||||
| Income tax provision (benefit) | - | - | 50 | - | |||||||||||||
| Net (loss) income | (3,991 | ) | 161 | (6,788 | ) | (6,184 | ) | ||||||||||
| Less: Net loss attributable to noncontrolling interest | (3 | ) | (34 | ) | (3 | ) | (85 | ) | |||||||||
| Net (loss) income attributable to Xcel Brands, Inc. stockholders | $ | (3,988 | ) | $ | 195 | $ | (6,785 | ) | $ | (6,099 | ) | ||||||
| (Loss) earnings per common share attributable to Xcel Brands, Inc. stockholders: | |||||||||||||||||
| Basic (loss) earnings per share | $ | (1.66 | ) | $ | 0.08 | $ | (2.84 | ) | $ | (2.78 | ) | ||||||
| Diluted (loss) earnings per share | $ | (1.66 | ) | $ | 0.08 | $ | (2.84 | ) | $ | (2.78 | ) | ||||||
| Weighted average number of common shares outstanding: | |||||||||||||||||
| Basic weighted average common shares outstanding | 2,403,639 | 2,349,014 | 2,388,694 | 2,193,206 | |||||||||||||
| Diluted weighted average common shares outstanding | 2,403,639 | 2,353,879 | 2,388,694 | 2,193,206 | |||||||||||||
| Xcel Brands, Inc. and Subsidiaries | |||||||||
| Unaudited Consolidated Balance Sheets | |||||||||
| (in thousands, except share and per share data) | |||||||||
| June 30, 2025 | December 31, 2024 | ||||||||
| Assets | |||||||||
| Current Assets: | |||||||||
| Cash and cash equivalents | $ | 970 | $ | 1,254 | |||||
| Accounts receivable, net | 1,823 | 2,269 | |||||||
| Prepaid expenses and other current assets | 416 | 520 | |||||||
| Total current assets | 3,209 | 4,043 | |||||||
| Property and equipment, net | 158 | 182 | |||||||
| Operating lease right-of-use assets | 3,385 | 3,751 | |||||||
| Trademarks and other intangibles, net | 32,994 | 34,759 | |||||||
| Investments in unconsolidated affiliates | 5,531 | 10,110 | |||||||
| Other assets | 1,912 | 911 | |||||||
| Total non-current assets | 43,980 | 49,713 | |||||||
| Total Assets | $ | 47,189 | $ | 53,756 | |||||
| Liabilities and Stockholders' Equity | |||||||||
| Current Liabilities: | |||||||||
| Accounts payable, accrued expenses and other current liabilities | $ | 1,925 | $ | 2,734 | |||||
| Deferred revenue | 1,328 | 1,380 | |||||||
| Accrued income taxes payable | 88 | 554 | |||||||
| Current portion of operating lease obligation | 1,625 | 1,513 | |||||||
| Current portion of long-term debt | 500 | - | |||||||
| Current portion of contingent obligations | - | 4,213 | |||||||
| Total current liabilities | 5,466 | 10,394 | |||||||
| Long-Term Liabilities: | |||||||||
| Deferred revenue | 2,222 | 2,667 | |||||||
| Long-term portion of operating lease obligation | 4,537 | 5,297 | |||||||
| Long-term debt, net, less current portion | 11,753 | 6,569 | |||||||
| Other long-term liabilities | 715 | 431 | |||||||
| Total long-term liabilities | 19,227 | 14,964 | |||||||
| Total Liabilities | 24,693 | 25,358 | |||||||
| 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 2,437,500 and 2,368,072 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | 2 | 2 | |||||||
| Paid-in capital | 107,552 | 106,666 | |||||||
| Accumulated deficit | (83,029 | ) | (76,244 | ) | |||||
| Total Xcel Brands, Inc. stockholders' equity | 24,525 | 30,424 | |||||||
| Noncontrolling interest | (2,029 | ) | (2,026 | ) | |||||
| Total Stockholders' Equity | 22,496 | 28,398 | |||||||
| Total Liabilities and Stockholders' Equity | $ | 47,189 | $ | 53,756 | |||||
| Xcel Brands, Inc. and Subsidiaries | |||||||||
| Unaudited Consolidated Statements of Cash Flows | |||||||||
| (in thousands) | |||||||||
| For the Six Months Ended | |||||||||
| June 30, | |||||||||
| 2025 | 2024 | ||||||||
| Cash flows from operating activities | |||||||||
| Net loss | $ | (6,788 | ) | $ | (6,184 | ) | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
| Depreciation and amortization expense | 1,799 | 3,134 | |||||||
| Asset impairment charges | - | 3,483 | |||||||
| Paid in-kind interest expense | 192 | - | |||||||
| Amortization of deferred finance costs and other non-cash interest expense | 176 | 54 | |||||||
| Stock-based compensation and cost of licensee warrants | 238 | 186 | |||||||
| Provision for (recovery of) credit losses | - | (45 | ) | ||||||
| Loss from equity method investments | 516 | 1,090 | |||||||
| Loss on early extinguishment of debt | 1,850 | - | |||||||
| Gain on divestiture of Lori Goldstein brand | - | (3,801 | ) | ||||||
| Accounts receivable | 446 | 444 | |||||||
| Inventory | - | 46 | |||||||
| Prepaid expenses and other assets | 104 | (146 | ) | ||||||
| Deferred revenue | (497 | ) | (345 | ) | |||||
| Accounts payable, accrued expenses and other current liabilities | (1,560 | ) | (555 | ) | |||||
| Lease-related assets and liabilities | (282 | ) | (634 | ) | |||||
| Other Liabilities | 8 | 390 | |||||||
| Net cash used in operating activities | (3,798 | ) | (2,883 | ) | |||||
| Cash flows from investing activities | |||||||||
| Purchase of property and equipment | (10 | ) | (104 | ) | |||||
| Net cash used in investing activities | (10 | ) | (104 | ) | |||||
| Cash flows from financing activities | |||||||||
| Proceeds from public offering and private placement transactions, net of transaction costs | - | 1,902 | |||||||
| Proceeds from long-term debt | 5,670 | - | |||||||
| Payment of deferred finance costs | (530 | ) | - | ||||||
| Payment of long-term debt | (500 | ) | (250 | ) | |||||
| Shares repurchased including vested restricted stock in exchange for withholding taxes | (116 | ) | - | ||||||
| Net cash provided by (used in) financing activities | 4,524 | 1,652 | |||||||
| Net increase (decrease) in cash and cash equivalents | 716 | (1,335 | ) | ||||||
| Cash and cash equivalents at beginning of period | 1,993 | 2,998 | |||||||
| Cash and cash equivalents at end of period | $ | 2,709 | $ | 1,663 | |||||
| Reconciliation to amounts on consolidated balance sheets: | |||||||||
| Cash and cash equivalents | 970 | 924 | |||||||
| Restricted cash (reported in other non-current assets) | 1,739 | 739 | |||||||
| Total cash, cash equivalents, and restricted cash | $ | 2,709 | $ | 1,663 | |||||
| ($ in thousands) | For the Three Months Ended | For the Six Months Ended | ||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||
| Net (loss) income attributable to Xcel Brands, Inc. stockholders | $ | (3,988 | ) | $ | 195 | $ | (6,785 | ) | $ | (6,099 | ) | |||||
| Amortization of trademarks | 876 | 1,520 | 1,751 | 3,039 | ||||||||||||
| Loss from equity method investments | 180 | 557 | 516 | 1,090 | ||||||||||||
| Stock-based compensation and cost of licensee warrants | 186 | 42 | 352 | 186 | ||||||||||||
| Loss on early extinguishment of debt | 1,850 | - | 1,850 | - | ||||||||||||
| Gains on sales of assets and investments | - | (3,801 | ) | - | (3,801 | ) | ||||||||||
| Asset impairment charges | - | 1,188 | - | 3,483 | ||||||||||||
| Income tax provision (benefit) | - | - | 50 | - | ||||||||||||
| Non-GAAP net loss | $ | (896 | ) | $ | (299 | ) | $ | (2,266 | ) | $ | (2,102 | ) | ||||
| For the Three Months Ended | For the Six Months Ended | |||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||
| Net (loss) income attributable to Xcel Brands, Inc. stockholders | $ | (1.66 | ) | $ | 0.08 | $ | (2.84 | ) | $ | (2.78 | ) | |||||
| Amortization of trademarks | 0.36 | 0.65 | 0.73 | 1.38 | ||||||||||||
| Loss from equity method investments | 0.08 | 0.24 | 0.22 | 0.50 | ||||||||||||
| Stock-based compensation and cost of licensee warrants | 0.08 | 0.02 | 0.15 | 0.08 | ||||||||||||
| Loss on early extinguishment of debt | 0.77 | - | 0.77 | - | ||||||||||||
| Gains on sales of assets and investments | - | (1.62 | ) | - | (1.73 | ) | ||||||||||
| Asset impairment charges | - | 0.50 | - | 1.59 | ||||||||||||
| Income tax provision (benefit) | - | - | 0.02 | - | ||||||||||||
| Non-GAAP net loss | $ | (0.37 | ) | $ | (0.13 | ) | $ | (0.95 | ) | $ | (0.96 | ) | ||||
| Non-GAAP weighted average diluted shares | 2,403,639 | 2,349,014 | 2,388,694 | 2,193,206 | ||||||||||||
| ($ in thousands) | For the Three Months Ended | For the Six Months Ended | ||||||||||||||
| June 30, | June 30, | June 30, | June 30, | |||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||
| Net (loss) income attributable to Xcel Brands, Inc. stockholders | $ | (3,988 | ) | $ | 195 | $ | (6,785 | ) | $ | (6,099 | ) | |||||
| Interest and finance expense | 2,337 | 146 | 2,897 | 296 | ||||||||||||
| Accretion of lease liability for exited lease | 59 | 76 | 120 | 76 | ||||||||||||
| Income tax provision (benefit) | - | - | 50 | - | ||||||||||||
| State and local franchise taxes | 6 | 12 | 14 | 24 | ||||||||||||
| Depreciation and amortization | 899 | 1,545 | 1,799 | 3,134 | ||||||||||||
| Loss from equity method investments | 180 | 557 | 516 | 1,090 | ||||||||||||
| Asset impairment charges | - | 1,188 | - | 3,483 | ||||||||||||
| Stock-based compensation and cost of licensee warrants | 186 | 42 | 352 | 186 | ||||||||||||
| Gains on sales of assets and investments | - | (3,801 | ) | - | (3,801 | ) | ||||||||||
| Costs associated with restructuring of operations | 22 | - | 39 | - | ||||||||||||
| Adjusted EBITDA | $ | (299 | ) | $ | (40 | ) | $ | (998 | ) | $ | (1,611 | ) | ||||
FAQ
What were Xcel Brands (XELB) Q2 2025 earnings results?
How much did XELB's revenue decline in Q2 2025 compared to Q2 2024?
What was Xcel Brands' social media growth in Q2 2025?
How much capital did XELB raise in August 2025?
When does Xcel Brands expect to reach break-even Adjusted EBITDA?
