XCel Brands annual operating expenses
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XCel Brands Operating Expenses Growth & History (XELB)
XCel Brands's operating expenses was $18.2M for fiscal 2025.
View full XCel Brands company overviewXCel Brands annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $18.2M | −$11.1M | −37.82% |
| 2024 | 2024-12-31 | $29.2M | −$2.3M | −7.17% |
| 2023 | 2023-12-31 | $31.5M | $30.9M | +4977.58% |
| 2022 | 2022-12-31 | $620,000 | −$39.2M | −98.44% |
| 2021 | 2021-12-31 | $39.8M | −$581,000 | −1.44% |
| 2020 | 2020-12-31 | $40.4M | $6.3M | +18.59% |
| 2019 | 2019-12-31 | $34.1M | $5.2M | +18.15% |
| 2018 | 2018-12-31 | $28.8M | −$12.1M | −29.55% |
| 2017 | 2017-12-31 | $40.9M | $13.2M | +47.80% |
| 2016 | 2016-12-31 | $27.7M | $5.0M | +22.27% |
| 2015 | 2015-12-31 | $22.6M | $3.4M | +17.96% |
| 2014 | 2014-12-31 | $19.2M | $8.1M | +73.39% |
| 2013 | 2013-12-31 | $11.1M | $4.1M | +57.96% |
| 2012 | 2012-12-31 | $7.0M | — | — |
XCel Brands quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $3.0M | −$216,000 | −6.79% |
| Q4 2025 | 2025-12-31 | $3.1M | −$4.5M | −59.28% |
| Q2 2025 | 2025-09-30 | $8.6M | −$2.0M | −19.12% |
| Q1 2025 | 2025-06-30 | $3.0M | $366,000 | +14.03% |
| Q4 2024 | 2025-03-31 | $3.2M | −$5.2M | −62.01% |
| Q4 2024 | 2024-12-31 | $7.7M | −$55,000 | −0.71% |
| Q3 2024 | 2024-09-30 | $10.6M | $2.8M | +35.42% |
| Q2 2024 | 2024-06-30 | $2.6M | −$4.1M | −61.00% |
| Q1 2024 | 2024-03-31 | $8.4M | −$891,000 | −9.61% |
| Q4 2023 | 2023-12-31 | $7.7M | −$2.5M | −24.63% |
| Q3 2023 | 2023-09-30 | $7.8M | −$1.2M | −13.27% |
| Q2 2023 | 2023-06-30 | $6.7M | — | — |
| Q1 2023 | 2023-03-31 | $9.3M | −$827,000 | −8.19% |
| Q4 2022 | 2022-12-31 | $10.2M | −$2.0M | −16.47% |
| Q3 2022 | 2022-09-30 | $9.0M | −$691,000 | −7.12% |
| Q1 2022 | 2022-03-31 | $10.1M | $1.6M | +19.35% |
| Q4 2021 | 2021-12-31 | $12.2M | −$8.1M | −39.85% |
| Q3 2021 | 2021-09-30 | $9.7M | $3.3M | +51.07% |
| Q2 2021 | 2021-06-30 | $9.4M | $4.0M | +74.21% |
| Q1 2021 | 2021-03-31 | $8.5M | $237,000 | +2.88% |
| Q4 2020 | 2020-12-31 | $20.4M | $5.8M | +39.71% |
| Q3 2020 | 2020-09-30 | $6.4M | −$1.2M | −15.61% |
| Q2 2020 | 2020-06-30 | $5.4M | $1.3M | +31.76% |
| Q1 2020 | 2020-03-31 | $8.2M | $435,000 | +5.59% |
| Q4 2019 | 2019-12-31 | $14.6M | $6.7M | +85.57% |
| Q3 2019 | 2019-09-30 | $7.6M | $972,000 | +14.64% |
| Q2 2019 | 2019-06-30 | $4.1M | −$2.9M | −41.15% |
| Q1 2019 | 2019-03-31 | $7.8M | $414,000 | +5.61% |
| Q4 2018 | 2018-12-31 | $7.8M | −$11.2M | −58.79% |
| Q3 2018 | 2018-09-30 | $6.6M | $5,000 | +0.08% |
| Q2 2018 | 2018-06-30 | $7.0M | −$280,000 | −3.86% |
| Q1 2018 | 2018-03-31 | $7.4M | −$621,000 | −7.77% |
| Q4 2017 | 2017-12-31 | $19.0M | $15.7M | +476.16% |
| Q3 2017 | 2017-09-30 | $6.6M | −$851,000 | −11.37% |
| Q2 2017 | 2017-06-30 | $7.3M | −$1.6M | −18.33% |
| Q1 2017 | 2017-03-31 | $8.0M | −$27,000 | −0.34% |
| Q4 2016 | 2016-12-31 | $3.3M | −$2.7M | −45.17% |
| Q3 2016 | 2016-09-30 | $7.5M | $726,000 | +10.74% |
| Q2 2016 | 2016-06-30 | $8.9M | $5.3M | +146.53% |
| Q1 2016 | 2016-03-31 | $8.0M | $1.8M | +28.17% |
| Q4 2015 | 2015-12-31 | $6.0M | $638,000 | +11.83% |
| Q3 2015 | 2015-09-30 | $6.8M | $2.3M | +51.97% |
| Q2 2015 | 2015-06-30 | $3.6M | −$1.1M | −24.02% |
| Q1 2015 | 2015-03-31 | $6.3M | $1.6M | +35.48% |
| Q4 2014 | 2014-12-31 | $5.4M | $2.8M | +110.01% |
| Q3 2014 | 2014-09-30 | $4.4M | $3.2M | +270.27% |
| Q2 2014 | 2014-06-30 | $4.7M | $85,000 | +1.83% |
| Q1 2014 | 2014-03-31 | $4.6M | $2.0M | +74.41% |
| Q4 2013 | 2013-12-31 | $2.6M | — | — |
| Q3 2013 | 2013-09-30 | $1.2M | −$3.0M | −71.07% |
| Q2 2013 | 2013-06-30 | $4.7M | $1.0M | +28.12% |
| Q1 2013 | 2013-03-31 | $2.6M | $457,000 | +20.85% |
| Q3 2012 | 2012-09-30 | $4.2M | — | — |
| Q2 2012 | 2012-06-30 | $3.6M | $3.6M | +18318.65% |
| Q1 2012 | 2012-03-31 | $2.2M | — | — |
| Q2 2011 · Jun 30 | 2011-06-30 | $19,730 | −$53,257 | −72.97% |
| Q2 2011 · Jun 30 | 2010-06-30 | $72,987 | — | — |
XCel Brands operating expenses trends
Over the last five fiscal years, XCel Brands's operating expenses decreased from $40.4M to $18.2M, a change of −$22.2M. The latest reported quarter, Q1 2026, shows $3.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review XCel Brands source filings ↗