Filing Flows › XCel Brands (XELB) › Q1 2026
XCel Brands (XELB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
XCel Brands (XELB) reported revenue of $1.1M for the first quarter 2026 (Q1 2026), -14% from a year earlier and -2% from the quarter before. Operating margin was -164.7%, net loss $2.5M (217.6% of revenue).
XCel Brands, Q1 2026: revenue $1.1M (-14% year over year), operating margin -164.7%, net loss $2.5M, operating cash flow −$877K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | -2% | -14% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | −$877K | — | — |
What changed
Revenue was $1.1M in Q1 2026, down 14% year over year and down 2% from the previous quarter.
Operating costs exceeded revenue by $1.9M, an operating margin of -164.7%. Total costs fell 14% while revenue fell 14%. The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $2.8M loss.
Operating cash flow was −$877K. Non-cash charges added back $893K of depreciation and amortization and $104K of share-based compensation. Working capital and other items added $615K.
Questions
What was XCel Brands' revenue in the first quarter 2026?
XCel Brands (XELB) reported revenue of $1.1M for the first quarter 2026 (Q1 2026), -14% from a year earlier and -2% from the quarter before.
Was XCel Brands profitable in the first quarter 2026?
Operating loss was $1.9M (-164.7% of revenue) and net loss $2.5M.
Source: XCel Brands 10-Q on SEC EDGAR.