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

XCel Brands' Operating Expenses history runs 15 years deep, the most recent figure standing at $2.2 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 22.18% year-over-year to $2.2 million; the TTM figure through Dec 2025 stood at $8.6 million (down 32.85% YoY), while the FY2025 annual figure 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.
• A 5-year average of $5.9 million and a median of $5.5 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses soared 74.21% in 2021 and tumbled 49.74% in 2024, its largest moves.
• XCel Brands' Operating Expenses stood at $12.2 million in 2021, then sank by 31.69% to $8.4 million in 2022, then slumped by 35.35% to $5.4 million in 2023, then tumbled by 47.28% to $2.8 million in 2024, then slipped 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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