XCel Brands (XELB) Operating Leases (2019 - 2025)

XCel Brands' Operating Leases history runs 7 years deep, the most recent figure standing at $3.7 million for Q4 2025.

• In Q4 2025, Operating Leases fell 30.56% year-over-year to $3.7 million; the TTM figure through Dec 2025 stood at $3.7 million (down 30.56% YoY), while the FY2025 annual figure was $3.7 million, down 30.56% from the prior year.
• Operating Leases came in at $3.7 million for Q4 2025 at XCel Brands, down from $4.1 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $8.2 million in Q1 2021 to a low of $3.7 million in Q4 2025.
• A 5-year average of $5.6 million and a median of $5.6 million in 2023 frame the typical range for Operating Leases.
• Across the five-year window, Operating Leases sank 33.21% in 2024 and jumped 34.16% in 2025, its largest moves.
• XCel Brands' Operating Leases stood at $7.3 million in 2021, then slipped by 19.48% to $5.8 million in 2022, then plunged by 31.14% to $4.0 million in 2023, then jumped by 31.73% to $5.3 million in 2024, then plunged by 30.56% to $3.7 million in 2025.
• According to Business Quant data, Operating Leases over the past three periods registered $3.7 million, $4.1 million, and $4.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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