Filing Flows › XCel Brands (XELB) › Q4 2024
XCel Brands (XELB) Q4 2024 earnings results (fourth quarter 2024)
10-K filed May 28, 2025
XCel Brands (XELB) reported revenue of $1.2M for the fourth quarter 2024 (Q4 2024), -47% from a year earlier and -37% from the quarter before. Operating margin was -532.9%, net loss $7.2M (591.9% of revenue).
XCel Brands, Q4 2024: revenue $1.2M (-47% year over year), operating margin -532.9%, net loss $7.2M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | -37% | -47% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$7.2M | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $1.2M in Q4 2024, down 47% year over year and down 37% from the previous quarter.
Gross margin was 100.0%, up 8.7 points from a year earlier. Operating costs exceeded revenue by $6.4M, an operating margin of -532.9%. Operating expenses fell 1% while revenue fell 47%. The fastest-growing cost line was Other operating costs (+36%). The quarter ended with a net loss of $7.2M, narrower than the previous quarter's $9.2M loss. Minority interests bore $73K of it: to shareholders the quarter was a loss of $7.1M.
Operating cash flow was −$1.4M. Non-cash charges added back $903K of depreciation and amortization and $107K of share-based compensation. Working capital and other items added $4.7M.
Questions
What was XCel Brands' revenue in the fourth quarter 2024?
XCel Brands (XELB) reported revenue of $1.2M for the fourth quarter 2024 (Q4 2024), -47% from a year earlier and -37% from the quarter before.
Was XCel Brands profitable in the fourth quarter 2024?
Operating loss was $6.4M (-532.9% of revenue) and net loss $7.2M.
Source: XCel Brands 10-K on SEC EDGAR.