Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.7M | $31.7M | $35.5M | $41.7M | $29.4M | $37.9M | $25.8M | $17.8M | $8.26M | $4.94M |
| Revenue growth | — | -3.0% | 11.9% | 17.7% | -29.4% | 28.8% | -32.0% | -31.1% | -53.5% | -40.2% |
| Gross profit | $32.6M | $31.7M | $32.8M | $31.5M | $24.0M | $27.3M | $17.8M | $10.8M | $7.81M | $4.94M |
| Gross margin | 99.6% | 100.0% | 92.4% | 75.4% | 81.5% | 71.9% | 69.0% | 61.0% | 94.6% | 100.0% |
| Operating income | $4.87M | -$9.22M | $3.93M | -$2.61M | -$16.4M | -$12.6M | -$2.26M | -$20.6M | -$21.4M | -$13.2M |
| Operating margin | 14.9% | -29.1% | 11.1% | -6.3% | -55.7% | -33.1% | -8.8% | -116.3% | -259.2% | -267.9% |
| Net income | $2.74M | -$10.1M | $1.09M | -$3.43M | -$12.9M | -$12.2M | -$4.02M | -$21.1M | -$22.4M | -$17.5M |
| Net margin | 8.4% | -31.9% | 3.1% | -8.2% | -43.9% | -32.1% | -15.6% | -118.6% | -271.2% | -353.5% |
| EPS (diluted) | — | -$0.55 | $0.06 | -$0.18 | -$0.68 | -$0.63 | -$0.20 | -$10.68 | -$9.84 | -$5.08 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.92M | $4.68M | $6.59M | $3.50M | $3.19M | -$6.56M | -$14.2M | -$6.54M | -$4.72M | -$7.02M |
| Capital expenditures | $2.16M | $208K | $1.48M | $1.13M | $748K | $1.09M | $265K | $100K | $112K | $10.0K |
| Free cash flow | $5.76M | $4.47M | $5.12M | $2.37M | $2.44M | -$7.65M | -$14.4M | -$6.64M | -$4.83M | -$7.03M |
| Share buybacks | $1.43M | $1.20M | $1.03M | $174K | $190K | $16.0K | $442K | — | $107K | $204K |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $14.1M | $10.2M | $8.84M | $4.64M | $4.96M | $4.48M | $4.61M | $3.00M | $1.25M | $1.15M |
| Total assets | $151M | $135M | $138M | $143M | $123M | $126M | $88.9M | $71.7M | $53.8M | $38.9M |
| Total liabilities | $44.9M | $37.3M | $38.2M | $44.7M | $36.8M | $50.8M | $18.8M | $23.5M | $25.4M | $23.1M |
| Long-term debt | $25.5M | $19.4M | $11.3M | $16.6M | $13.8M | $25.5M | — | $3.97M | $6.57M | $9.46M |
| Shareholders' equity | $106M | $97.7M | $99.9M | $98.1M | $85.7M | $74.3M | $70.8M | $50.0M | $30.4M | $18.0M |
| Retained earnings | $8.80M | -$1.32M | -$233K | -$3.66M | -$16.6M | -$28.8M | -$32.8M | -$53.8M | -$76.2M | -$93.7M |
| Shares (wtd avg diluted) | 19.0M | 18.5M | 18.3M | 18.9M | 19.1M | 19.5M | 19.6M | 1.97M | 2.28M | 3.44M |
Every figure is extracted from XCel Brands, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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