Xcel Brands, Inc. (XELB) 10-Year Financial Performance & Capital Metrics

XELB • • Industrial / General

Consumer CyclicalApparel ManufacturingLuxury & Premium FashionPremium Lifestyle Brands

AboutXcel Brands, Inc., together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston Brand, the C Wonder, and other brands, as well as manages the Longaberger brand. It licenses its brands to third parties; and designs, produces, markets, and distributes through an omni-channel retail sales strategy, which include distribution through interactive television, digital live-stream shopping, brick-and-mortar retail, wholesale, and e-commerce channels. The company also offers live streaming, social media and other marketing, and public relations support for its brands. In addition, it markets the Mizrahi brand through www.isaacmizrahi.com; the Halston brand through www.halston.com; the Judith Ripka fine jewelry brand through www.judithripka.com; the C Wonder brand through www.cwonder.com; the Logo Lori Goldstein brand through www.lorigoldstein.com; and the Longaberger brand through www.longaberger.com. The company was founded in 2011 and is headquartered in New York, New York.Show more

Revenue $8M -53.5%
EBITDA -$16M -20.2%
Net Income -$22M -6.4%
EPS (Diluted) -9.84 -819.6%
Gross Margin 94.61% +55.0%
EBITDA Margin -199.32% -158.5%
Operating Margin -259.22% -122.9%
Net Margin -271.16% -128.7%
ROE -58.5% -64.4%
ROIC -33.56% -38.6%
Debt/Equity 0.47 +126.9%
Interest Coverage -33.24 +38.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 88.5% through buybacks
✓Trading at only 0.1x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 27.7% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-8.78%

5Y-27.67%

3Y-39.84%

TTM-46.66%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM1.55%

EPS CAGR

10Y-

5Y-

3Y-

TTM-666.7%

ROCE

10Y Avg-9.74%

5Y Avg-20.52%

3Y Avg-29.99%

Latest-39.44%

Peer Comparison

Premium Lifestyle Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GIIIG-III Apparel Group, Ltd.	1.29B	30.68	7.30	2.66%	1.61%	2.73%	21.1%	0.17
OXMOxford Industries, Inc.	636.01M	42.75	7.28	-3.49%	-0.2%	-0.55%	9.4%	0.72
PVHPVH Corp.	3.1B	67.59	6.40	-6.13%	5.34%	9.63%	18.81%	0.66
XELBXcel Brands, Inc.	7.46M	1.29	-0.13	-53.48%	-437.09%	-131.28%		0.47

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	27.72M	32.75M	31.71M	35.47M	41.73M	29.45M	37.93M	25.78M	17.75M	8.26M
Revenue Growth %	0.34%	0.18%	-0.03%	0.12%	0.18%	-0.29%	0.29%	-0.32%	-0.31%	-0.53%
Cost of Goods Sold+	267K	196K	0	2.7M	10.27M	5.46M	10.67M	7.98M	6.92M	445K
COGS % of Revenue	0.01%	0.01%	-	0.08%	0.25%	0.19%	0.28%	0.31%	0.39%	0.05%
Gross Profit+	27.45M	32.56M	31.71M	32.76M	31.45M	23.99M	27.27M	17.8M	10.84M	7.81M
Gross Margin %	0.99%	0.99%	1%	0.92%	0.75%	0.81%	0.72%	0.69%	0.61%	0.95%
Gross Profit Growth %	0.33%	0.19%	-0.03%	0.03%	-0.04%	-0.24%	0.14%	-0.35%	-0.39%	-0.28%
Operating Expenses+	24.28M	30.43M	28.56M	28.04M	29.43M	27.45M	38.45M	40.07M	31.48M	29.22M
OpEx % of Revenue	0.88%	0.93%	0.9%	0.79%	0.71%	0.93%	1.01%	1.55%	1.77%	3.54%
Selling, General & Admin	22.9M	28.87M	27M	26.25M	25.53M	23.81M	31.62M	32.81M	23.27M	12.76M
SG&A % of Revenue	0.83%	0.88%	0.85%	0.74%	0.61%	0.81%	0.83%	1.27%	1.31%	1.54%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.38M	1.56M	1.56M	1.78M	3.9M	3.63M	6.83M	7.26M	8.21M	16.46M
Operating Income+	4.81M	4.87M	-9.22M	3.93M	2.03M	-3.46M	-11.18M	-22.27M	-20.64M	-21.41M
Operating Margin %	0.17%	0.15%	-0.29%	0.11%	0.05%	-0.12%	-0.29%	-0.86%	-1.16%	-2.59%
Operating Income Growth %	2.35%	0.01%	-2.9%	1.43%	-0.48%	-2.7%	-2.24%	-0.99%	0.07%	-0.04%
EBITDA+	6.18M	6.43M	-7.66M	5.71M	5.93M	2.04M	-4.35M	-15.01M	-13.69M	-16.46M
EBITDA Margin %	0.22%	0.2%	-0.24%	0.16%	0.14%	0.07%	-0.11%	-0.58%	-0.77%	-1.99%
EBITDA Growth %	1.61%	0.04%	-2.19%	1.75%	0.04%	-0.66%	-3.13%	-2.45%	0.09%	-0.2%
D&A (Non-Cash Add-back)	1.38M	1.56M	1.56M	1.78M	3.9M	5.5M	6.83M	7.26M	6.95M	4.95M
EBIT	4.81M	4.87M	-9.22M	3.93M	-2.8M	-16.38M	-14.07M	-4.58M	-20.64M	-21.7M
Net Interest Income+	-1.8M	-1.85M	-1.35M	-1.01M	-1.28M	-1.19M	-2.06M	-1.2M	-381K	-644K
Interest Income	0	0	0	0	0	27K	0	0	0	0
Interest Expense	1.8M	1.85M	1.35M	1.01M	1.28M	1.22M	2.06M	1.2M	381K	644K
Other Income/Expense	-1.8M	-1.85M	-1.35M	-1.01M	-6.11M	-1.19M	-4.95M	16.76M	-381K	-931K
Pretax Income+	3M	3.02M	-10.57M	2.92M	-4.09M	-17.6M	-16.14M	-5.79M	-21.02M	-22.34M
Pretax Margin %	0.11%	0.09%	-0.33%	0.08%	-0.1%	-0.6%	-0.43%	-0.22%	-1.18%	-2.7%
Income Tax+	156K	315K	-447K	1.83M	-642K	-4.52M	-3.11M	-431K	1.21M	220K
Effective Tax Rate %	0.86%	0.91%	0.96%	0.37%	0.84%	0.74%	0.81%	0.93%	1%	1%
Net Income+	2.57M	2.74M	-10.12M	1.09M	-3.44M	-13.09M	-13.03M	-5.36M	-21.05M	-22.39M
Net Margin %	0.09%	0.08%	-0.32%	0.03%	-0.08%	-0.44%	-0.34%	-0.21%	-1.19%	-2.71%
Net Income Growth %	3.49%	0.06%	-4.7%	1.11%	-4.17%	-2.8%	0%	0.59%	-2.93%	-0.06%
Net Income (Continuing)	2.85M	2.7M	-10.12M	1.09M	-3.44M	-13.09M	-13.03M	-5.36M	-22.24M	-22.56M
Discontinued Operations	0	34K	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	356K	507K	662K	-676K	-1.86M	-2.03M
EPS (Diluted)+	0.15	0.14	-0.55	0.06	-0.18	-0.68	-0.67	-0.27	-1.07	-9.84
EPS Growth %	2.86%	-0.07%	-4.93%	1.11%	-4.03%	-2.78%	0.01%	0.6%	-2.96%	-8.2%
EPS (Basic)	0.16	0.15	-0.55	0.06	-0.18	-0.68	-0.67	-0.27	-1.07	-9.84
Diluted Shares Outstanding	17.22M	19.04M	18.5M	18.28M	18.86M	19.12M	19.46M	19.62M	19.71M	2.28M
Basic Shares Outstanding	16.15M	18.63M	18.4M	18.28M	18.86M	19.12M	19.46M	19.62M	19.67M	2.28M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25.11M	21.9M	19.3M	23.88M	17.57M	16.15M	17.18M	14.02M	7.3M	4.04M
Cash & Short-Term Investments	16.86M	14.13M	10.19M	8.84M	4.64M	4.96M	4.48M	4.61M	3M	1.25M
Cash Only	16.86M	14.13M	10.19M	8.84M	4.64M	4.96M	4.48M	4.61M	3M	1.25M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	7.59M	6.97M	8.53M	11.01M	10.62M	8.89M	7.64M	5.11M	3.45M	2.27M
Days Sales Outstanding	99.99	77.66	98.17	113.31	92.91	110.18	73.52	72.35	71.01	100.28
Inventory	647K	0	0	1.99M	899K	1.22M	3.38M	2.85M	453K	0
Days Inventory Outstanding	884.48	-	-	268.55	31.94	81.35	115.48	130.13	23.9	-
Other Current Assets	655K	807K	592K	2.04M	1.4M	0	1.68M	1.46M	0	520K
Total Non-Current Assets+	127.02M	129.22M	115.71M	114.18M	125.63M	106.91M	108.6M	74.92M	64.36M	49.71M
Property, Plant & Equipment	871K	2.6M	2.38M	3.2M	12.92M	12.04M	8.86M	6.84M	5.09M	3.93M
Fixed Asset Turnover	31.83x	12.60x	13.34x	11.08x	3.23x	2.45x	4.28x	3.77x	3.49x	2.10x
Goodwill	12.37M	12.37M	0	0	0	0	0	0	0	0
Intangible Assets	112.32M	111.22M	110.12M	108.99M	111.09M	93.53M	98.3M	47.66M	41.52M	34.76M
Long-Term Investments	1.11M	2.49M	2.54M	1.58M	1.21M	1.21M	839K	19.2M	17.59M	10.11M
Other Non-Current Assets	1.45M	-9.64M	-5.4M	-5.03M	-5.17M	-6.83M	455K	110K	165K	911K
Total Assets+	152.13M	151.12M	135.02M	138.06M	143.19M	123.05M	125.78M	88.94M	71.66M	53.76M
Asset Turnover	0.18x	0.22x	0.23x	0.26x	0.29x	0.24x	0.30x	0.29x	0.25x	0.15x
Asset Growth %	0.21%	-0.01%	-0.11%	0.02%	0.04%	-0.14%	0.02%	-0.29%	-0.19%	-0.25%
Total Current Liabilities+	13.14M	10.37M	9.11M	16.12M	9.84M	10.32M	10.52M	6.56M	6.47M	10.39M
Accounts Payable	1.45M	1.52M	1.04M	4.96M	4.39M	4.44M	6.17M	3.87M	2.13M	2.73M
Days Payables Outstanding	1.98K	2.84K	-	669.75	156.03	297.16	211.09	177.01	112.22	2.24K
Short-Term Debt	9.17M	6.43M	5.56M	8.28M	4M	4.9M	3.71M	1.38M	750K	1.51M
Deferred Revenue (Current)	597K	234K	16K	272K	0	0	0	88K	889K	1000K
Other Current Liabilities	0	0	224K	600K	-1.75M	-2.1M	-1.21M	-1.04M	964K	2.7M
Current Ratio	1.91x	2.11x	2.12x	1.48x	1.79x	1.57x	1.63x	2.14x	1.13x	0.39x
Quick Ratio	1.86x	2.11x	2.12x	1.36x	1.69x	1.45x	1.31x	1.70x	1.06x	0.39x
Cash Conversion Cycle	-995.01	-	-	-287.89	-31.17	-105.64	-22.09	25.46	-17.32	-
Total Non-Current Liabilities+	38.91M	34.58M	28.22M	22.06M	34.9M	26.48M	40.32M	12.23M	17.02M	14.96M
Long-Term Debt	31.86M	25.5M	19.39M	11.3M	16.57M	22.31M	32.78M	0	3.97M	6.57M
Capital Lease Obligations	0	0	0	0	9.77M	8.47M	7.25M	5.84M	4.02M	5.3M
Deferred Tax Liabilities	6.75M	6.9M	6.38M	8.14M	7.43M	3.05M	10.25M	4.04M	0	0
Other Non-Current Liabilities	297K	2.18M	2.46M	2.62M	1.12M	-7.34M	287K	6.4M	5.47M	431K
Total Liabilities	52.04M	44.95M	37.32M	38.18M	44.74M	36.8M	50.84M	18.8M	23.49M	25.36M
Total Debt+	41.03M	31.92M	24.95M	19.57M	32.1M	37.78M	44.95M	7.21M	10M	13.38M
Net Debt	24.17M	17.8M	14.76M	10.74M	27.46M	32.82M	40.47M	2.61M	7M	12.13M
Debt / Equity	0.41x	0.30x	0.26x	0.20x	0.33x	0.44x	0.60x	0.10x	0.21x	0.47x
Debt / EBITDA	6.63x	4.97x	-	3.43x	5.41x	18.50x	-	-	-	-
Net Debt / EBITDA	3.91x	2.77x	-	1.88x	4.63x	16.07x	-	-	-	-
Interest Coverage	2.66x	2.63x	-6.85x	3.89x	1.58x	-2.83x	-5.42x	-18.51x	-54.18x	-33.24x
Total Equity+	100.08M	106.17M	97.69M	99.88M	98.45M	86.25M	74.94M	70.14M	48.17M	28.4M
Equity Growth %	0.66%	0.06%	-0.08%	0.02%	-0.01%	-0.12%	-0.13%	-0.06%	-0.31%	-0.41%
Book Value per Share	5.81	5.57	5.28	5.46	5.22	4.51	3.85	3.57	2.44	12.48
Total Shareholders' Equity	100.08M	106.17M	97.69M	99.88M	98.1M	85.75M	74.28M	70.81M	50.03M	30.42M
Common Stock	18K	19K	18K	18K	19K	19K	20K	20K	20K	2K
Retained Earnings	6.07M	8.8M	-1.32M	-233K	-3.66M	-16.59M	-28.78M	-32.8M	-53.85M	-76.24M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	356K	507K	662K	-676K	-1.86M	-2.03M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.29M	7.92M	4.68M	6.59M	3.5M	3.19M	-6.56M	-14.18M	-6.54M	-4.72M
Operating CF Margin %	0.12%	0.24%	0.15%	0.19%	0.08%	0.11%	-0.17%	-0.55%	-0.37%	-0.57%
Operating CF Growth %	-0.44%	1.4%	-0.41%	0.41%	-0.47%	-0.09%	-3.06%	-1.16%	0.54%	0.28%
Net Income	2.85M	2.7M	-10.12M	1.09M	-3.44M	-13.09M	-13.03M	-5.36M	-21.05M	-22.56M
Depreciation & Amortization	1.38M	1.56M	1.56M	1.78M	3.9M	5.5M	6.83M	7.26M	6.95M	4.95M
Stock-Based Compensation	4.64M	4.73M	3.18M	1.79M	976K	850K	720K	620K	242K	403K
Deferred Taxes	-394K	168K	-526K	1.76M	-705K	-4.38M	-3.19M	-965K	1.11M	0
Other Non-Cash Items	-1.3M	-2.31M	12.62M	382K	3.22M	13.83M	2.72M	-17.12M	980K	11.94M
Working Capital Changes	-3.88M	1.07M	-2.04M	-209K	-448K	475K	-602K	1.37M	5.22M	557K
Change in Receivables	-3.93M	625K	-1.57M	-2.65M	438K	691K	1.15M	2.12M	869K	1.17M
Change in Inventory	-68K	549K	278K	-1.99M	1.09M	-317K	-2.16M	530K	2.39M	453K
Change in Payables	-217K	258K	-524K	4.38M	-1.45M	-496K	1.23M	-1.37M	-2.94M	16K
Cash from Investing+	-5.24M	-2.76M	-238K	-1.48M	-10.34M	-702K	-4.79M	44.52M	209K	-112K
Capital Expenditures	-4.13M	-2.19M	-238K	-1.48M	-9.96M	-748K	-1.13M	-265K	-100K	-112K
CapEx % of Revenue	0.15%	0.07%	0.01%	0.04%	0.24%	0.03%	0.03%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.49M	300K	-30K	0	-8.83M	-300K	-1M	44.79M	309K	0
Cash from Financing+	10.27M	-7.49M	-8.38M	-6.49M	2.27M	-2.17M	10.51M	-30.95M	4.73M	3.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.83M	-557K	-7K	0	-315K	273K	-1.73M	-1.51M	-274K	-922K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-836K	5.73M	4.44M	5.12M	-6.46M	2.44M	-7.69M	-14.45M	-6.64M	-4.83M
FCF Margin %	-0.03%	0.17%	0.14%	0.14%	-0.15%	0.08%	-0.2%	-0.56%	-0.37%	-0.58%
FCF Growth %	0.97%	7.85%	-0.23%	0.15%	-2.26%	1.38%	-4.16%	-0.88%	0.54%	0.27%
FCF per Share	-0.05	0.30	0.24	0.28	-0.34	0.13	-0.40	-0.74	-0.34	-2.12
FCF Conversion (FCF/Net Income)	1.28x	2.89x	-0.46x	6.06x	-1.02x	-0.24x	0.50x	2.65x	0.31x	0.21x
Interest Paid	1.16M	1.26M	1.25M	969K	1.18M	1.13M	1.8M	0	56K	505K
Taxes Paid	453K	230K	167K	302K	136K	58K	91K	0	99K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.21%	2.65%	-9.93%	1.1%	-3.47%	-14.17%	-16.17%	-7.38%	-35.59%	-58.5%
Return on Invested Capital (ROIC)	3.18%	2.94%	-5.85%	2.64%	1.29%	-2.12%	-7.15%	-17.75%	-24.21%	-33.56%
Gross Margin	99.04%	99.4%	100%	92.38%	75.38%	81.47%	71.88%	69.05%	61.04%	94.61%
Net Margin	9.29%	8.36%	-31.92%	3.07%	-8.26%	-44.43%	-34.35%	-20.77%	-118.57%	-271.16%
Debt / Equity	0.41x	0.30x	0.26x	0.20x	0.33x	0.44x	0.60x	0.10x	0.21x	0.47x
Interest Coverage	2.66x	2.63x	-6.85x	3.89x	1.58x	-2.83x	-5.42x	-18.51x	-54.18x	-33.24x
FCF Conversion	1.28x	2.89x	-0.46x	6.06x	-1.02x	-0.24x	0.50x	2.65x	0.31x	0.21x
Revenue Growth	33.87%	18.16%	-3.2%	11.86%	17.65%	-29.43%	28.81%	-32.03%	-31.13%	-53.48%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Net licensing revenue	-	-	-	21.88M	14.74M	9.16M	7.91M
Net licensing revenue Growth	-	-	-	-	-32.63%	-37.87%	-13.59%
Net sales	-	-	-	-	11.04M	8.6M	347K
Net sales Growth	-	-	-	-	-	-22.14%	-95.96%
Net sales revenue	-	-	-	16.06M	-	-	-
Net sales revenue Growth	-	-	-	-	-	-	-
License	31.19M	26.43M	20.25M	-	-	-	-
License Growth	-	-15.25%	-23.38%	-	-	-	-
Product	4.28M	15.29M	-	-	-	-	-
Product Growth	-	257.62%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Xcel Brands, Inc. (XELB) reported $5.0M in revenue for fiscal year 2024. This represents a 57% decrease from $11.6M in 2011.

Xcel Brands, Inc. (XELB) saw revenue decline by 53.5% over the past year.

Xcel Brands, Inc. (XELB) reported a net loss of $21.8M for fiscal year 2024.

Dividend & Returns

Xcel Brands, Inc. (XELB) has a return on equity (ROE) of -58.5%. Negative ROE indicates the company is unprofitable.

Xcel Brands, Inc. (XELB) had negative free cash flow of $6.6M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Xcel Brands, Inc. (XELB) 10-Year Financial Performance & Capital Metrics

XELB • • Industrial / General

Consumer CyclicalApparel ManufacturingLuxury & Premium FashionPremium Lifestyle Brands

Revenue $8M -53.5%
EBITDA -$16M -20.2%
Net Income -$22M -6.4%
EPS (Diluted) -9.84 -819.6%
Gross Margin 94.61% +55.0%
EBITDA Margin -199.32% -158.5%
Operating Margin -259.22% -122.9%
Net Margin -271.16% -128.7%
ROE -58.5% -64.4%
ROIC -33.56% -38.6%
Debt/Equity 0.47 +126.9%
Interest Coverage -33.24 +38.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 88.5% through buybacks
✓Trading at only 0.1x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 27.7% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-8.78%

5Y-27.67%

3Y-39.84%

TTM-46.66%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM1.55%

EPS CAGR

10Y-

5Y-

3Y-

TTM-666.7%

ROCE

10Y Avg-9.74%

5Y Avg-20.52%

3Y Avg-29.99%

Latest-39.44%

Peer Comparison

Premium Lifestyle Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GIIIG-III Apparel Group, Ltd.	1.29B	30.68	7.30	2.66%	1.61%	2.73%	21.1%	0.17
OXMOxford Industries, Inc.	636.01M	42.75	7.28	-3.49%	-0.2%	-0.55%	9.4%	0.72
PVHPVH Corp.	3.1B	67.59	6.40	-6.13%	5.34%	9.63%	18.81%	0.66
XELBXcel Brands, Inc.	7.46M	1.29	-0.13	-53.48%	-437.09%	-131.28%		0.47

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	27.72M	32.75M	31.71M	35.47M	41.73M	29.45M	37.93M	25.78M	17.75M	8.26M
Revenue Growth %	0.34%	0.18%	-0.03%	0.12%	0.18%	-0.29%	0.29%	-0.32%	-0.31%	-0.53%
Cost of Goods Sold+	267K	196K	0	2.7M	10.27M	5.46M	10.67M	7.98M	6.92M	445K
COGS % of Revenue	0.01%	0.01%	-	0.08%	0.25%	0.19%	0.28%	0.31%	0.39%	0.05%
Gross Profit+	27.45M	32.56M	31.71M	32.76M	31.45M	23.99M	27.27M	17.8M	10.84M	7.81M
Gross Margin %	0.99%	0.99%	1%	0.92%	0.75%	0.81%	0.72%	0.69%	0.61%	0.95%
Gross Profit Growth %	0.33%	0.19%	-0.03%	0.03%	-0.04%	-0.24%	0.14%	-0.35%	-0.39%	-0.28%
Operating Expenses+	24.28M	30.43M	28.56M	28.04M	29.43M	27.45M	38.45M	40.07M	31.48M	29.22M
OpEx % of Revenue	0.88%	0.93%	0.9%	0.79%	0.71%	0.93%	1.01%	1.55%	1.77%	3.54%
Selling, General & Admin	22.9M	28.87M	27M	26.25M	25.53M	23.81M	31.62M	32.81M	23.27M	12.76M
SG&A % of Revenue	0.83%	0.88%	0.85%	0.74%	0.61%	0.81%	0.83%	1.27%	1.31%	1.54%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.38M	1.56M	1.56M	1.78M	3.9M	3.63M	6.83M	7.26M	8.21M	16.46M
Operating Income+	4.81M	4.87M	-9.22M	3.93M	2.03M	-3.46M	-11.18M	-22.27M	-20.64M	-21.41M
Operating Margin %	0.17%	0.15%	-0.29%	0.11%	0.05%	-0.12%	-0.29%	-0.86%	-1.16%	-2.59%
Operating Income Growth %	2.35%	0.01%	-2.9%	1.43%	-0.48%	-2.7%	-2.24%	-0.99%	0.07%	-0.04%
EBITDA+	6.18M	6.43M	-7.66M	5.71M	5.93M	2.04M	-4.35M	-15.01M	-13.69M	-16.46M
EBITDA Margin %	0.22%	0.2%	-0.24%	0.16%	0.14%	0.07%	-0.11%	-0.58%	-0.77%	-1.99%
EBITDA Growth %	1.61%	0.04%	-2.19%	1.75%	0.04%	-0.66%	-3.13%	-2.45%	0.09%	-0.2%
D&A (Non-Cash Add-back)	1.38M	1.56M	1.56M	1.78M	3.9M	5.5M	6.83M	7.26M	6.95M	4.95M
EBIT	4.81M	4.87M	-9.22M	3.93M	-2.8M	-16.38M	-14.07M	-4.58M	-20.64M	-21.7M
Net Interest Income+	-1.8M	-1.85M	-1.35M	-1.01M	-1.28M	-1.19M	-2.06M	-1.2M	-381K	-644K
Interest Income	0	0	0	0	0	27K	0	0	0	0
Interest Expense	1.8M	1.85M	1.35M	1.01M	1.28M	1.22M	2.06M	1.2M	381K	644K
Other Income/Expense	-1.8M	-1.85M	-1.35M	-1.01M	-6.11M	-1.19M	-4.95M	16.76M	-381K	-931K
Pretax Income+	3M	3.02M	-10.57M	2.92M	-4.09M	-17.6M	-16.14M	-5.79M	-21.02M	-22.34M
Pretax Margin %	0.11%	0.09%	-0.33%	0.08%	-0.1%	-0.6%	-0.43%	-0.22%	-1.18%	-2.7%
Income Tax+	156K	315K	-447K	1.83M	-642K	-4.52M	-3.11M	-431K	1.21M	220K
Effective Tax Rate %	0.86%	0.91%	0.96%	0.37%	0.84%	0.74%	0.81%	0.93%	1%	1%
Net Income+	2.57M	2.74M	-10.12M	1.09M	-3.44M	-13.09M	-13.03M	-5.36M	-21.05M	-22.39M
Net Margin %	0.09%	0.08%	-0.32%	0.03%	-0.08%	-0.44%	-0.34%	-0.21%	-1.19%	-2.71%
Net Income Growth %	3.49%	0.06%	-4.7%	1.11%	-4.17%	-2.8%	0%	0.59%	-2.93%	-0.06%
Net Income (Continuing)	2.85M	2.7M	-10.12M	1.09M	-3.44M	-13.09M	-13.03M	-5.36M	-22.24M	-22.56M
Discontinued Operations	0	34K	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	356K	507K	662K	-676K	-1.86M	-2.03M
EPS (Diluted)+	0.15	0.14	-0.55	0.06	-0.18	-0.68	-0.67	-0.27	-1.07	-9.84
EPS Growth %	2.86%	-0.07%	-4.93%	1.11%	-4.03%	-2.78%	0.01%	0.6%	-2.96%	-8.2%
EPS (Basic)	0.16	0.15	-0.55	0.06	-0.18	-0.68	-0.67	-0.27	-1.07	-9.84
Diluted Shares Outstanding	17.22M	19.04M	18.5M	18.28M	18.86M	19.12M	19.46M	19.62M	19.71M	2.28M
Basic Shares Outstanding	16.15M	18.63M	18.4M	18.28M	18.86M	19.12M	19.46M	19.62M	19.67M	2.28M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25.11M	21.9M	19.3M	23.88M	17.57M	16.15M	17.18M	14.02M	7.3M	4.04M
Cash & Short-Term Investments	16.86M	14.13M	10.19M	8.84M	4.64M	4.96M	4.48M	4.61M	3M	1.25M
Cash Only	16.86M	14.13M	10.19M	8.84M	4.64M	4.96M	4.48M	4.61M	3M	1.25M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	7.59M	6.97M	8.53M	11.01M	10.62M	8.89M	7.64M	5.11M	3.45M	2.27M
Days Sales Outstanding	99.99	77.66	98.17	113.31	92.91	110.18	73.52	72.35	71.01	100.28
Inventory	647K	0	0	1.99M	899K	1.22M	3.38M	2.85M	453K	0
Days Inventory Outstanding	884.48	-	-	268.55	31.94	81.35	115.48	130.13	23.9	-
Other Current Assets	655K	807K	592K	2.04M	1.4M	0	1.68M	1.46M	0	520K
Total Non-Current Assets+	127.02M	129.22M	115.71M	114.18M	125.63M	106.91M	108.6M	74.92M	64.36M	49.71M
Property, Plant & Equipment	871K	2.6M	2.38M	3.2M	12.92M	12.04M	8.86M	6.84M	5.09M	3.93M
Fixed Asset Turnover	31.83x	12.60x	13.34x	11.08x	3.23x	2.45x	4.28x	3.77x	3.49x	2.10x
Goodwill	12.37M	12.37M	0	0	0	0	0	0	0	0
Intangible Assets	112.32M	111.22M	110.12M	108.99M	111.09M	93.53M	98.3M	47.66M	41.52M	34.76M
Long-Term Investments	1.11M	2.49M	2.54M	1.58M	1.21M	1.21M	839K	19.2M	17.59M	10.11M
Other Non-Current Assets	1.45M	-9.64M	-5.4M	-5.03M	-5.17M	-6.83M	455K	110K	165K	911K
Total Assets+	152.13M	151.12M	135.02M	138.06M	143.19M	123.05M	125.78M	88.94M	71.66M	53.76M
Asset Turnover	0.18x	0.22x	0.23x	0.26x	0.29x	0.24x	0.30x	0.29x	0.25x	0.15x
Asset Growth %	0.21%	-0.01%	-0.11%	0.02%	0.04%	-0.14%	0.02%	-0.29%	-0.19%	-0.25%
Total Current Liabilities+	13.14M	10.37M	9.11M	16.12M	9.84M	10.32M	10.52M	6.56M	6.47M	10.39M
Accounts Payable	1.45M	1.52M	1.04M	4.96M	4.39M	4.44M	6.17M	3.87M	2.13M	2.73M
Days Payables Outstanding	1.98K	2.84K	-	669.75	156.03	297.16	211.09	177.01	112.22	2.24K
Short-Term Debt	9.17M	6.43M	5.56M	8.28M	4M	4.9M	3.71M	1.38M	750K	1.51M
Deferred Revenue (Current)	597K	234K	16K	272K	0	0	0	88K	889K	1000K
Other Current Liabilities	0	0	224K	600K	-1.75M	-2.1M	-1.21M	-1.04M	964K	2.7M
Current Ratio	1.91x	2.11x	2.12x	1.48x	1.79x	1.57x	1.63x	2.14x	1.13x	0.39x
Quick Ratio	1.86x	2.11x	2.12x	1.36x	1.69x	1.45x	1.31x	1.70x	1.06x	0.39x
Cash Conversion Cycle	-995.01	-	-	-287.89	-31.17	-105.64	-22.09	25.46	-17.32	-
Total Non-Current Liabilities+	38.91M	34.58M	28.22M	22.06M	34.9M	26.48M	40.32M	12.23M	17.02M	14.96M
Long-Term Debt	31.86M	25.5M	19.39M	11.3M	16.57M	22.31M	32.78M	0	3.97M	6.57M
Capital Lease Obligations	0	0	0	0	9.77M	8.47M	7.25M	5.84M	4.02M	5.3M
Deferred Tax Liabilities	6.75M	6.9M	6.38M	8.14M	7.43M	3.05M	10.25M	4.04M	0	0
Other Non-Current Liabilities	297K	2.18M	2.46M	2.62M	1.12M	-7.34M	287K	6.4M	5.47M	431K
Total Liabilities	52.04M	44.95M	37.32M	38.18M	44.74M	36.8M	50.84M	18.8M	23.49M	25.36M
Total Debt+	41.03M	31.92M	24.95M	19.57M	32.1M	37.78M	44.95M	7.21M	10M	13.38M
Net Debt	24.17M	17.8M	14.76M	10.74M	27.46M	32.82M	40.47M	2.61M	7M	12.13M
Debt / Equity	0.41x	0.30x	0.26x	0.20x	0.33x	0.44x	0.60x	0.10x	0.21x	0.47x
Debt / EBITDA	6.63x	4.97x	-	3.43x	5.41x	18.50x	-	-	-	-
Net Debt / EBITDA	3.91x	2.77x	-	1.88x	4.63x	16.07x	-	-	-	-
Interest Coverage	2.66x	2.63x	-6.85x	3.89x	1.58x	-2.83x	-5.42x	-18.51x	-54.18x	-33.24x
Total Equity+	100.08M	106.17M	97.69M	99.88M	98.45M	86.25M	74.94M	70.14M	48.17M	28.4M
Equity Growth %	0.66%	0.06%	-0.08%	0.02%	-0.01%	-0.12%	-0.13%	-0.06%	-0.31%	-0.41%
Book Value per Share	5.81	5.57	5.28	5.46	5.22	4.51	3.85	3.57	2.44	12.48
Total Shareholders' Equity	100.08M	106.17M	97.69M	99.88M	98.1M	85.75M	74.28M	70.81M	50.03M	30.42M
Common Stock	18K	19K	18K	18K	19K	19K	20K	20K	20K	2K
Retained Earnings	6.07M	8.8M	-1.32M	-233K	-3.66M	-16.59M	-28.78M	-32.8M	-53.85M	-76.24M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	356K	507K	662K	-676K	-1.86M	-2.03M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.29M	7.92M	4.68M	6.59M	3.5M	3.19M	-6.56M	-14.18M	-6.54M	-4.72M
Operating CF Margin %	0.12%	0.24%	0.15%	0.19%	0.08%	0.11%	-0.17%	-0.55%	-0.37%	-0.57%
Operating CF Growth %	-0.44%	1.4%	-0.41%	0.41%	-0.47%	-0.09%	-3.06%	-1.16%	0.54%	0.28%
Net Income	2.85M	2.7M	-10.12M	1.09M	-3.44M	-13.09M	-13.03M	-5.36M	-21.05M	-22.56M
Depreciation & Amortization	1.38M	1.56M	1.56M	1.78M	3.9M	5.5M	6.83M	7.26M	6.95M	4.95M
Stock-Based Compensation	4.64M	4.73M	3.18M	1.79M	976K	850K	720K	620K	242K	403K
Deferred Taxes	-394K	168K	-526K	1.76M	-705K	-4.38M	-3.19M	-965K	1.11M	0
Other Non-Cash Items	-1.3M	-2.31M	12.62M	382K	3.22M	13.83M	2.72M	-17.12M	980K	11.94M
Working Capital Changes	-3.88M	1.07M	-2.04M	-209K	-448K	475K	-602K	1.37M	5.22M	557K
Change in Receivables	-3.93M	625K	-1.57M	-2.65M	438K	691K	1.15M	2.12M	869K	1.17M
Change in Inventory	-68K	549K	278K	-1.99M	1.09M	-317K	-2.16M	530K	2.39M	453K
Change in Payables	-217K	258K	-524K	4.38M	-1.45M	-496K	1.23M	-1.37M	-2.94M	16K
Cash from Investing+	-5.24M	-2.76M	-238K	-1.48M	-10.34M	-702K	-4.79M	44.52M	209K	-112K
Capital Expenditures	-4.13M	-2.19M	-238K	-1.48M	-9.96M	-748K	-1.13M	-265K	-100K	-112K
CapEx % of Revenue	0.15%	0.07%	0.01%	0.04%	0.24%	0.03%	0.03%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.49M	300K	-30K	0	-8.83M	-300K	-1M	44.79M	309K	0
Cash from Financing+	10.27M	-7.49M	-8.38M	-6.49M	2.27M	-2.17M	10.51M	-30.95M	4.73M	3.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.83M	-557K	-7K	0	-315K	273K	-1.73M	-1.51M	-274K	-922K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-836K	5.73M	4.44M	5.12M	-6.46M	2.44M	-7.69M	-14.45M	-6.64M	-4.83M
FCF Margin %	-0.03%	0.17%	0.14%	0.14%	-0.15%	0.08%	-0.2%	-0.56%	-0.37%	-0.58%
FCF Growth %	0.97%	7.85%	-0.23%	0.15%	-2.26%	1.38%	-4.16%	-0.88%	0.54%	0.27%
FCF per Share	-0.05	0.30	0.24	0.28	-0.34	0.13	-0.40	-0.74	-0.34	-2.12
FCF Conversion (FCF/Net Income)	1.28x	2.89x	-0.46x	6.06x	-1.02x	-0.24x	0.50x	2.65x	0.31x	0.21x
Interest Paid	1.16M	1.26M	1.25M	969K	1.18M	1.13M	1.8M	0	56K	505K
Taxes Paid	453K	230K	167K	302K	136K	58K	91K	0	99K	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.21%	2.65%	-9.93%	1.1%	-3.47%	-14.17%	-16.17%	-7.38%	-35.59%	-58.5%
Return on Invested Capital (ROIC)	3.18%	2.94%	-5.85%	2.64%	1.29%	-2.12%	-7.15%	-17.75%	-24.21%	-33.56%
Gross Margin	99.04%	99.4%	100%	92.38%	75.38%	81.47%	71.88%	69.05%	61.04%	94.61%
Net Margin	9.29%	8.36%	-31.92%	3.07%	-8.26%	-44.43%	-34.35%	-20.77%	-118.57%	-271.16%
Debt / Equity	0.41x	0.30x	0.26x	0.20x	0.33x	0.44x	0.60x	0.10x	0.21x	0.47x
Interest Coverage	2.66x	2.63x	-6.85x	3.89x	1.58x	-2.83x	-5.42x	-18.51x	-54.18x	-33.24x
FCF Conversion	1.28x	2.89x	-0.46x	6.06x	-1.02x	-0.24x	0.50x	2.65x	0.31x	0.21x
Revenue Growth	33.87%	18.16%	-3.2%	11.86%	17.65%	-29.43%	28.81%	-32.03%	-31.13%	-53.48%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Net licensing revenue	-	-	-	21.88M	14.74M	9.16M	7.91M
Net licensing revenue Growth	-	-	-	-	-32.63%	-37.87%	-13.59%
Net sales	-	-	-	-	11.04M	8.6M	347K
Net sales Growth	-	-	-	-	-	-22.14%	-95.96%
Net sales revenue	-	-	-	16.06M	-	-	-
Net sales revenue Growth	-	-	-	-	-	-	-
License	31.19M	26.43M	20.25M	-	-	-	-
License Growth	-	-15.25%	-23.38%	-	-	-	-
Product	4.28M	15.29M	-	-	-	-	-
Product Growth	-	257.62%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Xcel Brands, Inc. (XELB) reported $5.0M in revenue for fiscal year 2024. This represents a 57% decrease from $11.6M in 2011.

Xcel Brands, Inc. (XELB) saw revenue decline by 53.5% over the past year.

Xcel Brands, Inc. (XELB) reported a net loss of $21.8M for fiscal year 2024.

Dividend & Returns

Xcel Brands, Inc. (XELB) has a return on equity (ROE) of -58.5%. Negative ROE indicates the company is unprofitable.

Xcel Brands, Inc. (XELB) had negative free cash flow of $6.6M in fiscal year 2024, likely due to heavy capital investments.