Xcel Brands, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9M | $8.3M | $17.8M | $25.8M | $37.9M | $29.4M | $41.7M | $35.5M |
| Cost of Revenue | — | $445.0K | $6.9M | $8.0M | $10.7M | $5.5M | $10.3M | $2.7M |
| Gross Profit | $4.9M | $7.8M | $10.8M | $17.8M | $27.3M | $24.0M | $31.5M | $32.8M |
| Gross Margin | 100.0% | 94.6% | 61.0% | 69.0% | 71.9% | 81.5% | 75.4% | 92.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $4.6M | $6.8M | $13.3M | $16.3M | $14.4M | $9.7M | $5.6M | $5.2M |
| Operating Income | $-13.2M | $-21.4M | $-20.6M | $-2.3M | $-12.6M | $-16.4M | $-2.6M | $3.9M |
| Operating Margin | -267.9% | -259.2% | -116.3% | -8.8% | -33.1% | -55.7% | -6.3% | 11.1% |
| Interest Expense | — | — | $113.0K | $1.2M | $1.9M | $1.2M | $1.3M | $912.0K |
| Pretax Income | $-17.5M | $-22.3M | $-21.0M | $-5.8M | $-16.1M | $-17.6M | $-4.1M | $2.9M |
| Income Tax Expense | $75.0K | $220.0K | $1.2M | $-431.0K | $-3.1M | $-4.5M | $-642.0K | $1.8M |
| Net Income | $-17.5M | $-22.4M | $-21.1M | $-4.0M | $-12.2M | $-12.9M | $-3.4M | $1.1M |
| Net Margin | -353.5% | -271.2% | -118.6% | -15.6% | -32.1% | -43.9% | -8.2% | 3.1% |
| EPS (Basic) | $-5.08 | $-9.84 | $-10.68 | $-0.20 | $-0.63 | $-0.68 | $-0.18 | $0.06 |
| EPS (Diluted) | $-5.08 | $-9.84 | $-10.68 | $-0.20 | $-0.63 | $-0.68 | $-0.18 | $0.06 |
| Shares Outstanding (Basic) | 3.4M | 2.3M | 2.0M | 19.6M | 19.5M | 19.1M | 18.9M | 18.3M |
| Shares Outstanding (Diluted) | 3.4M | 2.3M | 2.0M | 19.6M | 19.5M | 19.1M | 18.9M | 18.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |