XCel Brands (XELB) Operating Expenses (2011 - 2025)

XCel Brands has disclosed Operating Expenses across 15 years of filings, most recently posting $2.2 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $2.2 million, down 22.18% year-over-year; the trailing twelve-month figure through Dec 2025 was $8.6 million (down 32.85% YoY), and the FY2025 annual result was $8.6 million, down 32.85% from the prior year.
• Operating Expenses came in at $2.2 million for Q4 2025 at XCel Brands, up from $2.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $12.2 million in Q4 2021 to a low of $1.9 million in Q2 2025.
• The 5-year median for Operating Expenses is $5.5 million (2023), against an average of $5.9 million.
• Across the five-year window, Operating Expenses surged 74.21% in 2021 and plunged 49.74% in 2024, its largest moves.
• XCel Brands' Operating Expenses stood at $12.2 million in 2021, then slumped by 31.69% to $8.4 million in 2022, then tumbled by 35.35% to $5.4 million in 2023, then plunged by 47.28% to $2.8 million in 2024, then decreased by 22.18% to $2.2 million in 2025.
• The last three Operating Expenses figures came in at $2.2 million (Q4 2025), $2.2 million (Q3 2025), and $1.9 million (Q2 2025), per Business Quant data.