XCel Brands (XELB) Operating Expenses (2011 - 2026)
XCel Brands (XELB) posted Operating Expenses of $2.2 million for Q4 2025, up 2.21% sequentially from $2.2 million in Q3 2025, and down 22.18% YoY from $2.8 million in Q4 2024.
XCel Brands (XELB) Operating Expenses (2011 - 2026) Analysis & Trends
XCel Brands has reported Operating Expenses for 15 years, with the latest figure at $2.2 million in Q4 2025.
- Quarterly Operating Expenses fell 22.18% year-over-year to $2.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $8.6 million (down 32.85% YoY) and the FY2025 annual result came in at $8.6 million, down 32.85% from the prior year.
- Operating Expenses rose to $2.2 million in Q4 2025 per XELB's latest filing, from $2.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $12.2 million in Q4 2021 and troughed at $1.9 million in Q2 2025.
- A 5-year average of $5.9 million and a median of $5.5 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2024: Operating Expenses jumped 74.21% in 2021, then plunged 49.74% in 2024.
- Over 5 years, 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 dropped by 22.18% to $2.2 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.2 million, $2.2 million, and $1.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.39 Bn | 20.45 Bn | 1.44 Bn | 1.10 Bn |
| 2 | Gildan Activewear | 10.46 Bn | 10.19 Bn | 459.76 Mn | 283.86 Mn |
| 3 | Levi Strauss | 8.33 Bn | 7.35 Bn | 979.10 Mn | 856.90 Mn |
| 4 | V F | 5.65 Bn | 4.98 Bn | 917.04 Mn | 1.75 Bn |
| 5 | Kontoor Brands | 4.50 Bn | 4.45 Bn | 328.26 Mn | 493.76 Mn |
| 6 | Ermenegildo Zegna | 3.61 Bn | 3.26 Bn | - | - |
| 7 | Pvh | 3.61 Bn | 3.02 Bn | 1.19 Bn | 1.07 Bn |
| 8 | Columbia Sportswear | 3.09 Bn | 2.46 Bn | 358.43 Mn | 332.19 Mn |
| 9 | Figs | 2.46 Bn | 2.16 Bn | 147.86 Mn | 112.59 Mn |
| 10 | XCel Brands | 5.27 Mn | 4.87 Mn | - | 1.86 Mn |
Historic Data
Download 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 |