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XCel Brands (XELB) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · XCel Brands (XELB) Q2 2026 earnings results →
Q2 2026 Revenue down 15% year over year to $1.1M · 221¢ of every $1 of revenue lost · operating margin -141.4%
XCel Brands made $1.1M in Q2 2026 (-15% Y/Y). Operating margin -141.4%, net loss $2.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.1M in Q2 2026, down 15% year over year and down 2% from the previous quarter.
Operating costs exceeded revenue by $1.6M, an operating margin of -141.4%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $2.5M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $813K of depreciation and amortization and $223K of share-based compensation. Working capital and other items used $415K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $1.1M | -15% | -141.4% | −$2.5M | −$1.9M |
| Q1 2026 | 10-Q | May 14, 2026 | $1.1M | -14% | -164.7% | −$2.5M | −$877K |
| Q4 2025 | 10-K | Apr 15, 2026 | $1.2M | -3% | -166.8% | −$2.8M | −$1.8M |
| Q3 2025 | 10-Q | Nov 19, 2025 | $1.1M | -42% | -665.7% | −$8.0M | −$1.4M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $1.3M | -55% | -125.2% | −$4.0M | −$2.4M |
| Q1 2025 | 10-Q | Jun 4, 2025 | $1.3M | -39% | -164.2% | −$2.8M | −$1.4M |
| Q4 2024 | 10-K | May 28, 2025 | $1.2M | -47% | -532.9% | −$7.2M | −$1.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About XCel Brands
Xcel Brands, Inc. (the “Company,” “Xcel,” “we,” “us,” or “our”) 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. Additionally, through October 1, 2025, we held a noncontrolling interest in the Isaac Mizrahi brands (the “Isaac Mizrahi Brand”). On October 1, 2025, we divested our remaining noncontrolling interest in the Isaac Mizrahi Brand.
In its own words, from its 10-K, filed Apr 15, 2026.
XCel Brands against its Patent Owners & Lessors peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -15% against the peers' median +1%. Operating margin: -141.4% against the peers' median -4.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XELB XCel Brands | Q2 2026 | $1.1M | -15% | -141.4% |
| DLB Dolby Laboratories | Q3 FY26 | $305M | -3% | 11.3% |
| IDCC InterDigital | Q3 2026 | $193M | +18% | 51.4% |
| APPS Digital Turbine | Q1 FY27 | $166M | +27% | 13.9% |
| ACTG Acacia Research | Q3 2026 | $54.4M | -8% | -6.6% |
| JYNT Joint | Q3 2026 | $13.6M | +1% | 9.8% |
| RMCO Royalty Management Holding | Q2 2026 | $1.8M | +38% | -4.9% |
| AERA AI Era | Q3 FY26 | $1.5M | -19% | -85.2% |
| NTIP NETWORK-1 Technologies | Q1 2025 | $150K | — | -430.0% |
Source: XCel Brands 10-Q on SEC EDGAR · CIK 1083220 · Patent Owners & Lessors
13F: who owns XELB and who is buying
More on XELB
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results