Xcel Brands, Inc. cash flow statement

In fiscal 2025, Xcel Brands, Inc.'s operations generated −$7.0m of cash; it spent $10,000 on capital projects, leaving free cash flow of −$7.0m. It returned $204,000 through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Xcel Brands, Inc.: cash flow statement, annual
Fiscal year	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	3	2	6	3	8	5	7	4	3	−7	−14	−7	−5	−7	−6
Depreciation and amortisation	1	1	1	1	2	2	2	4	5	7	7	7	5	4	4
Stock-based pay	5	5	5	5	5	3	2	1	1	1	1	0	0	1	1
Capital spending	0	0	0	1	2	0	1	1	1	1	0	0	0	0	0
Free cash flow	2	2	6	3	6	4	5	2	2	−8	−14	−7	−5	−7	−6
Free cash flow after stock pay	−2	−3	0	−2	1	1	3	1	2	−8	−15	−7	−5	−8	−7
Share buybacks	1	1	1	1	1	1	1	0	0	0	0	—	0	0	0
Shares issued	—	0	0	0	0	—	—	—	—	—	—	—	2	2	—

US$ thousands unless shown otherwise. Fiscal quarters.

Xcel Brands, Inc.: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	−424	−1,409	−1,434	−2,364	−1,398	−1,827	−877	−1,855
Depreciation and amortisation	910	903	900	899	896	898	893	813
Stock-based pay	150	107	109	180	150	224	104	170
Capital spending	8	0	14	−4	0	0	—	0
Free cash flow	−432	−1,409	−1,448	−2,360	−1,398	−1,827	—	−1,855
Free cash flow after stock pay	−582	−1,516	−1,557	−2,540	−1,548	−2,051	—	−2,025
Shares issued	98	−98	—	—	—	0	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Xcel Brands, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Xcel Brands, Inc.