Growth Metrics

XCel Brands (XELB) Operating Expenses (2016 - 2025)

XCel Brands' Operating Expenses history spans 15 years, with the latest figure at $2.2 million for Q4 2025.

  • Quarterly results put Operating Expenses at $2.2 million for Q4 2025, down 22.18% from a year ago — trailing twelve months through Dec 2025 was $8.6 million (down 32.85% YoY), and the annual figure for FY2025 was $8.6 million, down 32.85%.
  • Operating Expenses for Q4 2025 was $2.2 million 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.
  • The sharpest move saw Operating Expenses soared 74.21% in 2021, then plummeted 49.74% in 2024.
  • Year by year, Operating Expenses stood at $12.2 million in 2021, then plummeted by 31.69% to $8.4 million in 2022, then tumbled by 35.35% to $5.4 million in 2023, then crashed by 47.28% to $2.8 million in 2024, then decreased by 22.18% to $2.2 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $2.2 million, $2.2 million, and $1.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.