| XCel Brands, Inc. (XELB) |
| Q4-CY2025 | Q3-CY2025 | Q2-CY2025 | Q1-CY2025 | Q4-CY2024 | Q3-CY2024 | Q2-CY2024 | Q1-CY2024 | Q4-CY2023 | Q3-CY2023 | Q2-CY2023 | Q1-CY2023 | Q4-CY2022 | Q3-CY2022 | Q2-CY2022 | Q1-CY2022 | Q4-CY2021 | Q3-CY2021 | Q2-CY2021 | Q1-CY2021 | Q4-CY2020 | Q3-CY2020 | Q2-CY2020 | Q1-CY2020 | Q4-CY2019 | Q3-CY2019 | Q2-CY2019 | Q1-CY2019 | Q4-CY2018 | Q3-CY2018 | Q2-CY2018 | Q1-CY2018 | Q4-CY2017 | Q3-CY2017 | Q2-CY2017 | Q1-CY2017 | Q4-CY2016 | Q3-CY2016 | Q2-CY2016 | Q1-CY2016 | Q4-CY2015 | Q3-CY2015 | Q2-CY2015 | Q1-CY2015 | Q4-CY2014 | Q3-CY2014 | Q2-CY2014 | Q1-CY2014 | Q4-CY2013 |
| Balance Sheet Date | | 2025-Sep-30 | 2025-Jun-30 | 2025-Mar-31 | 2024-Dec-31 | 2024-Sep-30 | 2024-Jun-30 | 2024-Mar-31 | 2023-Dec-31 | 2023-Sep-30 | 2023-Jun-30 | 2023-Mar-31 | 2022-Dec-31 | 2022-Sep-30 | 2022-Jun-30 | 2022-Mar-31 | 2021-Dec-31 | 2021-Sep-30 | 2021-Jun-30 | 2021-Mar-31 | 2020-Dec-31 | 2020-Sep-30 | 2020-Jun-30 | 2020-Mar-31 | 2019-Dec-31 | 2019-Sep-30 | 2019-Jun-30 | 2019-Mar-31 | 2018-Dec-31 | 2018-Sep-30 | 2018-Jun-30 | 2018-Mar-31 | 2017-Dec-31 | 2017-Sep-30 | 2017-Jun-30 | 2017-Mar-31 | 2016-Dec-31 | 2016-Sep-30 | 2016-Jun-30 | 2016-Mar-31 | 2015-Dec-31 | 2015-Sep-30 | 2015-Jun-30 | 2015-Mar-31 | 2014-Dec-31 | 2014-Sep-30 | 2014-Jun-30 | 2014-Mar-31 | 2013-Dec-31 |
| Fiscal Period | | Q3-FY2025 | Q2-FY2025 | Q1-FY2025 | Q4-FY2024 | Q3-FY2024 | Q2-FY2024 | Q1-FY2024 | Q4-FY2023 | Q3-FY2023 | Q2-FY2023 | Q1-FY2023 | Q4-FY2022 | Q3-FY2022 | Q2-FY2022 | Q1-FY2022 | Q4-FY2021 | Q3-FY2021 | Q2-FY2021 | Q1-FY2021 | Q4-FY2020 | Q3-FY2020 | Q2-FY2020 | Q1-FY2020 | Q4-FY2019 | Q3-FY2019 | Q2-FY2019 | Q1-FY2019 | Q4-FY2018 | Q3-FY2018 | Q2-FY2018 | Q1-FY2018 | Q4-FY2017 | Q3-FY2017 | Q2-FY2017 | Q1-FY2017 | Q4-FY2016 | Q3-FY2016 | Q2-FY2016 | Q1-FY2016 | Q4-FY2015 | Q3-FY2015 | Q2-FY2015 | Q1-FY2015 | Q4-FY2014 | Q3-FY2014 | Q2-FY2014 | Q1-FY2014 | Q4-FY2013 |
| Total Assets | | 40,462,000$ | 47,189,000$ | 52,486,000$ | 53,756,000$ | 53,999,000$ | 63,172,000$ | 66,764,000$ | 71,660,000$ | 75,750,000$ | 81,486,000$ | 84,161,000$ | 88,935,000$ | 97,227,000$ | 104,239,000$ | 123,709,000$ | 125,781,000$ | 131,203,000$ | 134,176,000$ | 121,815,000$ | 123,054,000$ | 136,824,000$ | 137,498,000$ | 139,884,000$ | 143,191,000$ | 151,453,000$ | 150,767,000$ | 152,317,000$ | 138,059,000$ | 135,216,000$ | 134,956,000$ | 135,214,000$ | 135,018,000$ | 146,602,000$ | 145,823,000$ | 148,767,000$ | 151,120,000$ | 152,537,000$ | 152,405,000$ | 149,220,000$ | 152,126,000$ | 152,439,000$ | 123,564,000$ | 124,458,000$ | 124,484,000$ | 95,987,000$ | 95,125,000$ | 70,532,000$ | 71,043,000$ |
| Total Current Assets | | 4,098,000$ | 3,209,000$ | 2,911,000$ | 4,043,000$ | 3,525,000$ | 4,764,000$ | 6,071,000$ | 7,303,000$ | 8,382,000$ | 11,737,000$ | 11,712,000$ | 14,020,000$ | 20,763,000$ | 25,614,000$ | 17,160,000$ | 17,179,000$ | 20,071,000$ | 20,374,000$ | 16,198,000$ | 16,147,000$ | 15,120,000$ | 14,645,000$ | 15,310,000$ | 17,566,000$ | 19,230,000$ | 17,386,000$ | 19,944,000$ | 23,875,000$ | 20,710,000$ | 20,007,000$ | 18,882,000$ | 19,305,000$ | 18,384,000$ | 17,245,000$ | 19,794,000$ | 21,903,000$ | 24,417,000$ | 24,115,000$ | 22,439,000$ | 25,109,000$ | 24,934,000$ | 10,567,000$ | 12,848,000$ | 13,207,000$ | 11,805,000$ | 10,836,000$ | 10,912,000$ | 11,668,000$ |
| Cash and Cash Equivalents | | 1,494,000$ | 970,000$ | 298,000$ | 1,254,000$ | 242,000$ | 924,000$ | 1,552,000$ | 2,998,000$ | 2,189,000$ | 3,507,000$ | 1,612,000$ | 4,608,000$ | 8,407,000$ | 10,873,000$ | 3,063,000$ | 4,483,000$ | 3,981,000$ | 4,815,000$ | 2,969,000$ | 4,957,000$ | 4,783,000$ | 5,461,000$ | 4,246,000$ | 4,641,000$ | 5,890,000$ | 6,271,000$ | 6,802,000$ | 8,837,000$ | 8,638,000$ | 7,643,000$ | 8,896,000$ | 10,185,000$ | 8,273,000$ | 7,621,000$ | 10,201,000$ | 14,127,000$ | 15,158,000$ | 13,471,000$ | 12,586,000$ | 16,860,000$ | 16,204,000$ | 2,617,000$ | 6,208,000$ | 8,531,000$ | 5,532,000$ | 5,107,000$ | 6,468,000$ | 7,461,000$ |
| Receivables | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Other Current Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Assets Held for Sale in Short Term | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,000$ | 8,000$ | 9,000$ | 425,000$ | 503,000$ | | | | 173,000$ |
| Total Noncurrent Assets | | 36,364,000$ | 43,980,000$ | 49,575,000$ | 49,713,000$ | 50,474,000$ | 58,408,000$ | 60,693,000$ | 64,357,000$ | 67,368,000$ | 69,749,000$ | 72,449,000$ | 74,915,000$ | 76,464,000$ | 78,625,000$ | 106,549,000$ | 108,602,000$ | 111,132,000$ | 113,802,000$ | 105,617,000$ | 106,907,000$ | 121,704,000$ | 122,853,000$ | 124,574,000$ | 125,625,000$ | 132,223,000$ | 133,381,000$ | 132,373,000$ | 114,184,000$ | 114,506,000$ | 114,949,000$ | 116,332,000$ | 115,713,000$ | 128,218,000$ | 128,578,000$ | 128,973,000$ | 129,217,000$ | 128,120,000$ | 128,290,000$ | 126,781,000$ | 127,017,000$ | 127,505,000$ | 112,997,000$ | 111,610,000$ | 111,277,000$ | 84,182,000$ | 84,289,000$ | 59,620,000$ | 59,375,000$ |
| Goodwill | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ | 12,371,000$ |
| Other Intangible Assets | | 32,111,000$ | 32,994,000$ | 33,877,000$ | 34,759,000$ | 35,642,000$ | 36,532,000$ | 39,986,000$ | 41,520,000$ | 43,055,000$ | 44,590,000$ | 46,130,000$ | 47,665,000$ | 49,200,000$ | 50,735,000$ | 96,775,000$ | 98,304,000$ | 99,859,000$ | 101,412,000$ | 92,627,000$ | 93,535,000$ | 107,675,000$ | 108,815,000$ | 109,955,000$ | 111,095,000$ | 117,347,000$ | 118,176,000$ | 119,004,000$ | 108,989,000$ | 109,272,000$ | 109,554,000$ | 109,837,000$ | 110,120,000$ | 110,396,000$ | 110,673,000$ | 110,955,000$ | 111,220,000$ | 111,502,000$ | 111,759,000$ | 112,041,000$ | 112,323,000$ | 112,604,000$ | 97,379,000$ | 97,536,000$ | 97,679,000$ | 69,692,000$ | 69,826,000$ | 45,176,000$ | 45,308,000$ |
| Physical Assets | | 145,000$ | 158,000$ | 180,000$ | 182,000$ | 202,000$ | 214,000$ | 133,000$ | 634,000$ | 779,000$ | 916,000$ | 1,237,000$ | 1,418,000$ | 1,948,000$ | 2,070,000$ | 2,293,000$ | 2,549,000$ | 3,481,000$ | 3,515,000$ | 3,360,000$ | 3,367,000$ | 3,604,000$ | 3,866,000$ | 4,107,000$ | 3,666,000$ | 3,613,000$ | 3,414,000$ | 3,312,000$ | 3,202,000$ | 2,999,000$ | 3,151,000$ | 3,290,000$ | 2,376,000$ | 2,441,000$ | 2,520,000$ | 2,624,000$ | 2,600,000$ | 2,456,000$ | 2,369,000$ | 973,000$ | 871,000$ | 578,000$ | 693,000$ | 834,000$ | 833,000$ | 1,449,000$ | 1,383,000$ | 1,358,000$ | 979,000$ |
| Other Noncurrent Assets | | 912,000$ | 1,912,000$ | 2,411,000$ | 911,000$ | 911,000$ | 920,000$ | 969,000$ | 15,000$ | 75,000$ | 25,000$ | 110,000$ | 110,000$ | 146,000$ | 147,000$ | 635,000$ | 555,000$ | 222,000$ | 222,000$ | 225,000$ | 228,000$ | 297,000$ | 494,000$ | 490,000$ | 505,000$ | 571,000$ | 769,000$ | 594,000$ | 511,000$ | 726,000$ | 735,000$ | 1,696,000$ | 1,708,000$ | 1,501,000$ | 1,505,000$ | 1,514,000$ | 1,517,000$ | 282,000$ | 282,000$ | 287,000$ | 343,000$ | 322,000$ | 888,000$ | 274,000$ | 271,000$ | 82,733,000$ | 82,906,000$ | 492,000$ | 334,000$ |
| Assets Held for Sale in Long Term | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0$ | 0$ | 0$ | 0$ | 123,000$ | | | | 184,000$ |
| Total Liabilities | | 23,882,000$ | 24,693,000$ | 26,776,000$ | 25,358,000$ | 19,033,000$ | 19,097,000$ | 22,892,000$ | 23,489,000$ | 20,441,000$ | 20,863,000$ | 19,903,000$ | 18,796,000$ | 20,763,000$ | 23,396,000$ | 52,476,000$ | 50,839,000$ | 49,136,000$ | 51,834,000$ | 38,019,000$ | 36,799,000$ | 40,206,000$ | 40,476,000$ | 42,061,000$ | 44,739,000$ | 48,044,000$ | 47,366,000$ | 50,903,000$ | 38,177,000$ | 35,095,000$ | 36,264,000$ | 36,322,000$ | 37,324,000$ | 38,831,000$ | 38,836,000$ | 42,705,000$ | 44,946,000$ | 49,906,000$ | 50,073,000$ | 48,252,000$ | 52,043,000$ | 54,537,000$ | 53,973,000$ | 61,124,000$ | 64,260,000$ | 54,541,000$ | 54,677,000$ | 34,605,000$ | 35,666,000$ |
| Total Current Liabilities | | 8,001,000$ | 5,466,000$ | 10,475,000$ | 10,394,000$ | 6,783,000$ | 6,068,000$ | 6,180,000$ | 6,469,000$ | 6,656,000$ | 7,000,000$ | 7,976,000$ | 6,561,000$ | 9,322,000$ | 10,752,000$ | 12,963,000$ | 10,517,000$ | 12,440,000$ | 13,435,000$ | 11,648,000$ | 10,316,000$ | 8,293,000$ | 8,022,000$ | 9,287,000$ | 9,837,000$ | 12,241,000$ | 10,018,000$ | 14,217,000$ | 16,116,000$ | 12,430,000$ | 9,875,000$ | 9,405,000$ | 9,105,000$ | 7,252,000$ | 6,431,000$ | 9,329,000$ | 10,369,000$ | 9,992,000$ | 11,919,000$ | 10,167,000$ | 13,137,000$ | 16,568,000$ | 13,288,000$ | 17,158,000$ | 17,609,000$ | 8,091,000$ | 7,400,000$ | 2,965,000$ | 2,411,000$ |
| Accounts Payable | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Short Term Debt | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Short Term Capital Lease Obligations | | 1,655,000$ | 1,625,000$ | 1,594,000$ | 1,513,000$ | 1,433,000$ | 1,354,000$ | 1,278,000$ | 1,258,000$ | 1,219,000$ | 1,219,000$ | 1,395,000$ | 1,376,000$ | 1,331,000$ | 1,094,000$ | 1,045,000$ | 1,207,000$ | 1,315,000$ | 1,720,000$ | 1,927,000$ | 2,101,000$ | 1,917,000$ | 1,873,000$ | 1,800,000$ | 1,752,000$ | 1,732,000$ | 1,711,000$ | 1,106,000$ | 0$ | | | | | | | | | | | | | | | | | | | | |
| Other Current Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Total Noncurrent Liabilities | | 15,881,000$ | 19,227,000$ | 16,301,000$ | 14,964,000$ | 12,250,000$ | 13,029,000$ | 16,712,000$ | 17,020,000$ | 13,785,000$ | 13,863,000$ | 11,927,000$ | 12,235,000$ | 11,441,000$ | 12,644,000$ | 39,513,000$ | 40,322,000$ | 36,696,000$ | 38,399,000$ | 26,371,000$ | 26,483,000$ | 31,913,000$ | 32,454,000$ | 32,774,000$ | 34,902,000$ | 35,803,000$ | 37,348,000$ | 36,686,000$ | 22,061,000$ | 22,665,000$ | 26,389,000$ | 26,917,000$ | 28,219,000$ | 31,579,000$ | 32,405,000$ | 33,376,000$ | 34,577,000$ | 39,914,000$ | 38,154,000$ | 38,085,000$ | 38,906,000$ | 37,969,000$ | 40,685,000$ | 43,966,000$ | 46,651,000$ | 46,450,000$ | 47,277,000$ | 31,640,000$ | 33,255,000$ |
| Long Term Debt | | 9,038,000$ | 11,753,000$ | 8,470,000$ | 6,569,000$ | 3,297,000$ | 3,524,000$ | 3,747,000$ | 3,971,000$ | | | | | | | 24,998,000$ | 25,531,000$ | 20,233,000$ | 20,829,000$ | 14,158,000$ | 13,838,000$ | 14,523,000$ | 15,231,000$ | 15,471,000$ | 16,571,000$ | 15,939,000$ | 17,180,000$ | 18,387,000$ | 11,300,000$ | 12,266,000$ | 16,080,000$ | 17,696,000$ | 19,389,000$ | 20,337,000$ | 22,019,000$ | 23,817,000$ | 25,495,000$ | 31,094,000$ | 29,843,000$ | 30,793,000$ | 31,860,000$ | 29,719,000$ | 32,501,000$ | 36,044,000$ | 39,024,000$ | 38,652,000$ | 39,120,000$ | 23,240,000$ | 24,161,000$ |
| Long Term Capital Lease Obligations | | 4,111,000$ | 4,537,000$ | 4,956,000$ | 5,297,000$ | 5,633,000$ | 5,964,000$ | 3,694,000$ | 4,021,000$ | 4,362,000$ | 4,660,000$ | 5,531,000$ | 5,839,000$ | 6,157,000$ | 6,661,000$ | 6,963,000$ | 7,252,000$ | 7,295,000$ | 7,869,000$ | 8,171,000$ | 8,469,000$ | 9,101,000$ | 8,789,000$ | 9,297,000$ | 9,773,000$ | 10,221,000$ | 10,662,000$ | 9,861,000$ | 0$ | | | | | | | | | | | | | | | | | | | | |
| Other Noncurrent Liabilities | | 732,000$ | 715,000$ | 431,000$ | 431,000$ | 431,000$ | 430,000$ | 506,000$ | 40,000$ | | | | | | | 13,000$ | | 591,000$ | 591,000$ | 224,000$ | 224,000$ | 224,000$ | 224,000$ | | 224,000$ | | | | 420,000$ | | | | | | | | | | | | | | | | | 120,000$ | 52,000$ | 54,000$ | 57,000$ |
| Total Equity | | 16,580,000$ | 22,496,000$ | 25,710,000$ | 28,398,000$ | 34,966,000$ | 44,075,000$ | 43,872,000$ | 48,171,000$ | 55,309,000$ | 60,623,000$ | 64,258,000$ | 70,139,000$ | 76,464,000$ | 80,843,000$ | 71,233,000$ | 74,942,000$ | 82,067,000$ | 82,342,000$ | 83,796,000$ | 86,255,000$ | 96,618,000$ | 97,022,000$ | 97,823,000$ | 98,452,000$ | 103,409,000$ | 103,401,000$ | 101,414,000$ | 99,882,000$ | 100,121,000$ | 98,692,000$ | 98,892,000$ | 97,694,000$ | 107,771,000$ | 106,987,000$ | 106,062,000$ | 106,174,000$ | 102,631,000$ | 102,332,000$ | 100,968,000$ | 100,083,000$ | 97,902,000$ | 69,591,000$ | 63,334,000$ | 60,224,000$ | 41,446,000$ | 40,448,000$ | 35,927,000$ | 35,377,000$ |
| Equity to Minority | | (2,119,000$) | (2,029,000$) | (2,026,000$) | (2,026,000$) | (1,953,000$) | (1,946,000$) | (1,912,000$) | (1,861,000$) | (1,463,000$) | (1,204,000$) | (971,000$) | (676,000$) | (279,000$) | 109,000$ | 410,000$ | 662,000$ | 947,000$ | 170,000$ | 426,000$ | 507,000$ | 561,000$ | 587,000$ | 323,000$ | 356,000$ | | | | | | | | | | | | | | | | | | | | | | | | |
| Equity to Common Shareholders | | 18,699,000$ | 24,525,000$ | 27,736,000$ | 30,424,000$ | 36,919,000$ | 46,021,000$ | 45,784,000$ | 50,032,000$ | 56,772,000$ | 61,827,000$ | 65,229,000$ | 70,815,000$ | 76,743,000$ | 80,734,000$ | 70,823,000$ | 74,280,000$ | 81,120,000$ | 82,172,000$ | 83,370,000$ | 85,748,000$ | 96,057,000$ | 96,435,000$ | 97,500,000$ | 98,096,000$ | 103,409,000$ | 103,401,000$ | 101,414,000$ | 99,882,000$ | 100,121,000$ | 98,692,000$ | 98,892,000$ | 97,694,000$ | 107,771,000$ | 106,987,000$ | 106,062,000$ | 106,174,000$ | 102,631,000$ | 102,332,000$ | 100,968,000$ | 100,083,000$ | 97,902,000$ | 69,591,000$ | 63,334,000$ | 60,224,000$ | 41,446,000$ | 40,448,000$ | 35,927,000$ | 35,377,000$ |
| Additional Paid-In Capital | | 109,622,000$ | 107,552,000$ | 106,775,000$ | 106,666,000$ | 106,056,000$ | 105,946,000$ | 105,904,000$ | 103,879,000$ | 103,804,000$ | 103,715,000$ | 103,649,000$ | 103,592,000$ | 103,541,000$ | 103,490,000$ | 103,069,000$ | 103,039,000$ | 102,936,000$ | 102,852,000$ | 102,493,000$ | 102,324,000$ | 102,236,000$ | 102,180,000$ | 101,945,000$ | 101,736,000$ | | | | | | | | | | | | | | | | | | | | | | | | |
| Retained Earnings | | (90,928,000$) | (83,029,000$) | (79,041,000$) | (76,244,000$) | (69,161,000$) | (59,948,000$) | (60,143,000$) | (53,849,000$) | (47,052,000$) | (41,908,000$) | (38,440,000$) | (32,797,000$) | (26,818,000$) | (22,776,000$) | (32,266,000$) | (28,779,000$) | (21,836,000$) | (20,700,000$) | (19,142,000$) | (16,595,000$) | (6,198,000$) | (5,764,000$) | (4,464,000$) | (3,659,000$) | 1,651,000$ | 1,746,000$ | (106,000$) | (233,000$) | 48,000$ | (934,000$) | (821,000$) | (1,321,000$) | 8,867,000$ | 8,615,000$ | 8,402,000$ | 8,801,000$ | 6,049,000$ | 5,931,000$ | 6,021,000$ | 6,066,000$ | 5,298,000$ | 5,268,000$ | 3,161,000$ | 3,492,000$ | 4,044,000$ | 3,978,000$ | 3,569,000$ | 4,524,000$ |
| Treasury Stock | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Capital Lease Obligations | | 5,766,000$ | 6,162,000$ | 6,550,000$ | 6,810,000$ | 7,066,000$ | 7,318,000$ | 4,972,000$ | 5,279,000$ | 5,581,000$ | 5,879,000$ | 6,926,000$ | 7,215,000$ | 7,488,000$ | 7,755,000$ | 8,008,000$ | 8,459,000$ | 8,610,000$ | 9,589,000$ | 10,098,000$ | 10,570,000$ | 11,018,000$ | 10,662,000$ | 11,097,000$ | 11,525,000$ | 11,953,000$ | 12,373,000$ | 10,967,000$ | | | | | | | | | | | | | | | | | | | | | |