Xcel Brands, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $1.2M | $1.3M | $3.0M | $4.6M | $4.5M | $5.0M | $4.6M | $8.8M |
| Accounts Receivable | $956.0K | $2.3M | $3.5M | $5.1M | $7.6M | $8.9M | $10.6M | $11.0M |
| Inventory | — | $0 | $453.0K | $2.8M | $3.4M | $1.2M | $899.0K | $2.0M |
| Total Current Assets | $3.7M | $4.0M | $7.3M | $14.0M | $17.2M | $16.1M | $17.6M | $23.9M |
| Property, Plant & Equipment | $130.0K | $182.0K | $634.0K | $1.4M | $2.5M | $3.4M | $3.7M | $3.2M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $31.2M | $34.8M | $41.5M | $47.7M | $98.3M | $93.5M | $111.1M | $109.0M |
| Total Assets | $38.9M | $53.8M | $71.7M | $88.9M | $125.8M | $123.1M | $143.2M | $138.1M |
| Liabilities | ||||||||
| Accounts Payable | $1.1M | $2.7M | $2.2M | $3.9M | $6.2M | $4.4M | $4.4M | $5.1M |
| Total Current Liabilities | $7.5M | $10.4M | $6.5M | $6.6M | $10.5M | $10.3M | $9.8M | $16.1M |
| Long-Term Debt | $9.5M | $6.6M | $4.0M | — | $25.5M | $13.8M | $16.6M | $11.3M |
| Total Liabilities | $23.1M | $25.4M | $23.5M | $18.8M | $50.8M | $36.8M | $44.7M | $38.2M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-93.7M | $-76.2M | $-53.8M | $-32.8M | $-28.8M | $-16.6M | $-3.7M | $-233.0K |
| Total Stockholders' Equity | $18.0M | $30.4M | $50.0M | $70.8M | $74.3M | $85.7M | $98.1M | $99.9M |