XCel Brands (XELB) Operating Expenses (2011 - 2026)
XCel Brands' Operating Expenses came in at $1.86 million for Q2 2026, down 2.0% from $1.9 million a year earlier.
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Analysis
XCel Brands (XELB) Operating Expenses (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, XCel Brands reported Operating Expenses of $8.14 million, down 17.4% year-over-year; for FY2025, it was $8.57 million, down 32.8% from FY2024.
- Operating Expenses has declined in each of the last five years, with a five-year compound annual growth rate of -26.7% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $12.76 million in FY2024 (-44.9%), $23.17 million in FY2023 (-30.0%), $33.08 million in FY2022 (-16.9%) and $39.82 million in FY2021 (-1.6%).
- The Q2 2026 figure represents the lowest quarterly Operating Expenses in data going back to Q1 2012.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2021 (growth of 50.0%), and the weakest in Q3 2024 (a decline of 49.7%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 53.14 Bn | 19.13 Bn | 5.39 Bn | 4.08 Bn |
| 2 | Tapestry | 22.87 Bn | 18.83 Bn | 1.56 Bn | 1.12 Bn |
| 3 | Ralph Lauren | 21.39 Bn | 13.49 Bn | 1.44 Bn | 1.10 Bn |
| 4 | Deckers Outdoor | 11.06 Bn | 3.93 Bn | - | - |
| 5 | Lululemon Athletica | 10.32 Bn | 4.58 Bn | 1.46 Bn | 1.01 Bn |
| 6 | Levi Strauss | 7.62 Bn | 4.28 Bn | 979.10 Mn | 856.90 Mn |
| 7 | Gildan Activewear | 6.55 Bn | 5.54 Bn | 459.76 Mn | 283.86 Mn |
| 8 | Birkenstock Holding | 6.07 Bn | 4.38 Bn | 493.89 Mn | -37.80 Mn |
| 9 | Crocs | 5.90 Bn | 5.31 Bn | 700.71 Mn | 415.03 Mn |
| 10 | XCel Brands | 4.53 Mn | -1.62 Mn | - | 1.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.86 Mn |
| Dec 31, 2025 | 2.22 Mn |
| Sep 30, 2025 | 2.17 Mn |
| Jun 30, 2025 | 1.90 Mn |
| Mar 31, 2025 | 2.28 Mn |
| Dec 31, 2024 | 2.85 Mn |
| Sep 30, 2024 | 2.83 Mn |
| Jun 30, 2024 | 3.12 Mn |
| Mar 31, 2024 | 3.96 Mn |
| Dec 31, 2023 | 5.41 Mn |
| Sep 30, 2023 | 5.62 Mn |
| Jun 30, 2023 | 5.18 Mn |
| Mar 31, 2023 | 6.96 Mn |
| Dec 31, 2022 | 8.36 Mn |
| Sep 30, 2022 | 6.92 Mn |
| Jun 30, 2022 | 9.52 Mn |
| Mar 31, 2022 | 8.28 Mn |
| Dec 31, 2021 | 12.24 Mn |
| Sep 30, 2021 | 9.70 Mn |
| Jun 30, 2021 | 9.42 Mn |
API Access
XCel Brands Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=XELB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "XELB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=XELB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();