XELB Xcel Brands, Inc - Common Stock
$0.83
Price · Aug 19, 2026
Fundamentals as of Aug 13, 2026
52W Range
$1–$3
5% of range
Analyst Rating
BUY
7 analysts
Price Target
$5
+501% upside
P/E (TTM)
-0.2
ROE
—
Net Profit Margin
—
XELB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.83
Market Cap
—
P/E (TTM)
-0.2
EPS (TTM)
$-5.08
Revenue (TTM)
$5M
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$1 – $3
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$5M
2016-12-31
→
2025-12-31
EPS
$-5.08
2017-12-31
→
2025-12-31
Free Cash Flow
—
2016-12-31
→
2024-12-31
Margins
—
2016-12-31
→
2024-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
XELB
Peer Median
P/E (TTM)
-0.2
16.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
XELB
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
XELB
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
XELB
Peer Median
Revenue YoY
-40.2%
—
Revenue CAGR 3Y
-42.4%
—
Revenue CAGR 5Y
-30.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
XELB
Peer Median
XELB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
7 analysts
- Strong Buy 2 28.6%
- Buy 4 57.1%
- Hold 1 14.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-18
Low
$5.00
High
$5.00
Median target
$5.00
+500.9%
Mean target
$5.00
+500.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.17%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.42 | $-0.49 | 0.07% |
| Dec. 31, 2025 | $-0.32 | $-0.50 | 0.18% |
| Sept. 30, 2025 | $-0.34 | $-0.72 | 0.38% |
| June 30, 2025 | $-0.37 | $-0.51 | 0.14% |
| March 31, 2025 | $-0.58 | $-0.56 | -0.02% |
| Dec. 31, 2024 | $-0.69 | $-0.97 | 0.28% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| XELB | — | -0.2 | -40.2% | — | — | — |
| LVLU | $16M | -1.1 | -10.6% | -4.9% | -377.4% | 43.2% |
| DXLG | — | -1.1 | -6.9% | — | — | — |
| TLF | — | 2.5 | 2.6% | — | — | — |
| DBGI | — | -5.8 | -36.1% | — | — | — |
| DBGI | — | -5.8 | -36.1% | — | — | — |
| TJX | $165.85B | 30.8 | 7.1% | 9.1% | 57.7% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5M | $8M | $18M | $26M | $38M | $29M | $42M | $35M | $32M | $33M | $28M | $21M | |
| Cost of Revenue | · | $445.0K | $7M | $8M | $11M | $5M | $10M | $3M | · | $196.0K | $267.0K | $73.0K | |
| Gross Profit | $5M | $8M | $11M | $18M | $27M | $24M | $31M | $33M | $32M | $33M | $27M | $21M | |
| SG&A Expense | $5M | $7M | $13M | $16M | $14M | $10M | $6M | $5M | $5M | $6M | · | · | |
| Operating Expenses | $9M | $13M | $23M | $620.0K | $40M | $40M | $37M | $29M | $41M | $31M | $24M | $20M | |
| Operating Income | $-13M | $-21M | $-21M | $-2M | $-13M | $-16M | $-3M | $4M | $-9M | $5M | $5M | $1M | |
| Interest Expense | · | · | · | · | · | $1M | $1M | · | · | · | · | · | |
| Pretax Income | $-17M | $-22M | $-21M | $-6M | $-16M | $-18M | $-4M | $3M | $-11M | $3M | $3M | $-53.0K | |
| Income Tax | $75.0K | $220.0K | $1M | $-431.0K | $-3M | $-5M | $-642.0K | $2M | $-447.0K | $315.0K | $156.0K | $-97.0K | |
| Net Income | $-17M | $-22M | $-21M | $-4M | $-12M | $-13M | $-3M | $1M | $-10M | $3M | $3M | $-1M | |
| EPS (Basic) | $-5.08 | $-9.84 | $-10.68 | $-0.20 | $-0.63 | $-0.68 | $-0.18 | $0.06 | $-0.55 | · | · | · | |
| EPS (Diluted) | $-5.08 | $-9.84 | $-10.68 | $-0.20 | $-0.63 | $-0.68 | $-0.18 | $0.06 | $-0.55 | · | · | · | |
| Shares (Basic) | 3,435,816 | 2,275,332 | 1,971,072 | 19,624,669 | 19,455,987 | 19,117,460 | 18,857,657 | 18,280,788 | 18,502,158 | 18,625,670 | 16,151,163 | 11,698,880 | |
| Shares (Diluted) | 3,435,816 | 2,275,332 | 1,971,072 | 19,624,669 | 19,455,987 | 19,117,460 | 18,857,657 | 18,281,638 | 18,502,158 | 19,044,749 | 17,223,240 | 12,816,674 | |
| EBITDA | · | $-16M | · | $5M | $-6M | $-11M | $1M | $6M | $-8M | $6M | $6M | $2M |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1M | $1M | $3M | $5M | $4M | $5M | $5M | $9M | $10M | $14M | $17M | $9M | |
| Receivables | $956.0K | $2M | $3M | $5M | $8M | $9M | $11M | $11M | $9M | $7M | $8M | $4M | |
| Inventory | · | $0 | $453.0K | $3M | $3M | $1M | $899.0K | $2M | $0 | · | · | · | |
| Prepaid Expense | $2M | $520.0K | $398.0K | $1M | $2M | $1M | $1M | $2M | $592.0K | $807.0K | $655.0K | $532.0K | |
| Current Assets | $4M | $4M | $7M | $14M | $17M | $16M | $18M | $24M | $19M | $22M | $25M | $13M | |
| PP&E (Net) | $130.0K | $182.0K | $634.0K | $1M | $3M | $3M | $4M | $3M | $2M | $3M | $871.0K | $833.0K | |
| Goodwill | · | · | · | · | · | · | · | · | $0 | $12M | $12M | $12M | |
| Intangibles | $31M | $35M | $42M | $48M | $98M | $94M | $111M | $109M | $110M | $111M | $112M | $98M | |
| Other Non-current Assets | $912.0K | $911.0K | $15.0K | $110.0K | $555.0K | $228.0K | $505.0K | $511.0K | $2M | $2M | $343.0K | $271.0K | |
| Total Assets | $39M | $54M | $72M | $89M | $126M | $123M | $143M | $138M | $135M | $151M | $152M | $124M | |
| Accounts Payable | $621.0K | $3M | $2M | $4M | $6M | $4M | $4M | $5M | $1M | $2M | $1M | $4M | |
| Current Liabilities | $7M | $10M | $6M | $7M | $11M | $10M | $10M | $16M | $9M | $10M | $13M | $18M | |
| Capital Leases | $4M | $5M | $4M | $6M | $7M | $8M | $10M | $0 | · | · | · | · | |
| Deferred Tax | · | · | · | · | · | $3M | $7M | $8M | $6M | $7M | $7M | $7M | |
| Other Non-current Liabilities | $722.0K | $431.0K | $40.0K | · | · | $224.0K | $224.0K | $420.0K | · | · | · | · | |
| Total Liabilities | $23M | $25M | $23M | $19M | $51M | $37M | $45M | $38M | $37M | $45M | $52M | $64M | |
| Long-term Debt | $13M | $7M | $5M | · | $28M | $17M | $19M | $20M | $25M | $32M | $41M | $50M | |
| Total Debt | · | $7M | · | · | $28M | $17M | $19M | $17M | $25M | $32M | $41M | $45M | |
| Common Stock | $6.0K | $2.0K | $2.0K | $20.0K | $20.0K | $19.0K | $19.0K | $18.0K | $18.0K | $19.0K | $18.0K | $14.0K | |
| Paid-in Capital | $112M | $107M | $104M | $104M | $103M | $102M | $102M | · | · | · | · | · | |
| Retained Earnings | $-94M | $-76M | $-54M | $-33M | $-29M | $-17M | $-4M | $-233.0K | $-1M | $9M | $6M | $3M | |
| Stockholders' Equity | $18M | $30M | $50M | $71M | $74M | $86M | $98M | $100M | $98M | $106M | $100M | $60M | |
| Liabilities + Equity | $39M | $54M | $72M | $89M | $126M | $123M | $143M | $138M | $135M | $151M | $152M | $124M | |
| Shares Outstanding | 5,880,757 | 2,368,072 | 1,979,413 | 19,624,860 | 19,571,119 | 19,260,862 | 18,866,417 | 18,138,616 | 18,318,961 | 18,644,982 | 18,434,634 | 14,011,896 |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $5M | $7M | $7M | $7M | $5M | $4M | $2M | $2M | $2M | $1M | $935.0K | |
| Stock-based Comp | $570.0K | $403.0K | $242.0K | $620.0K | $720.0K | $850.0K | $976.0K | $2M | $3M | $5M | $5M | $5M | |
| Deferred Tax | · | · | $1M | $-965.0K | $-3M | $-4M | $-705.0K | $2M | $-526.0K | $168.0K | $-394.0K | $-1M | |
| Amort. of Intangibles | $4M | $5M | $6M | $6M | $6M | $5M | $3M | $1M | $1M | $1M | $807.0K | $543.0K | |
| Restructuring | · | · | · | · | · | · | · | · | · | $670.0K | $0 | · | |
| Other Non-cash | · | $12M | · | $-17M | $1M | $14M | $3M | $173.0K | $11M | $-1M | $-5M | $2M | |
| Operating Cash Flow | $-7M | $-5M | $-7M | $-14M | $-7M | $3M | $4M | $7M | $5M | $8M | $3M | $6M | |
| CapEx | $10.0K | $112.0K | $100.0K | $265.0K | $1M | $748.0K | $1M | $1M | $208.0K | $2M | $530.0K | $246.0K | |
| Investing Cash Flow | $-10.0K | $-112.0K | $209.0K | $45M | $-5M | $-702.0K | $-10M | $-1M | $-238.0K | $-3M | $-4M | $-32M | |
| Debt Issued | $6M | $8M | $5M | · | $54M | · | $8M | · | · | · | $0 | $9M | |
| Net Debt Issued | · | $3M | · | $-29M | $12M | $-2M | $3M | $-5M | $-7M | $-6M | $-3M | $19M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | $20.0K | $65.0K | $6.0K | |
| Stock Repurchased | $204.0K | $107.0K | · | $442.0K | $16.0K | $190.0K | $174.0K | $1M | $1M | $1M | $748.0K | $978.0K | |
| Net Stock Activity | · | $-107.0K | · | $-442.0K | $-16.0K | $-190.0K | $-174.0K | $-1M | $-1M | $-1M | $-683.0K | $-972.0K | |
| Financing Cash Flow | $8M | $4M | $5M | $-31M | $11M | $-2M | $2M | $-6M | $-8M | $-7M | · | · | |
| Net Change in Cash | $896.0K | $-1M | $-2M | $-614.0K | $-844.0K | $316.0K | $-5M | $-1M | $-4M | $-2M | $9M | $1M | |
| Free Cash Flow | · | $-5M | · | $-14M | $-8M | $2M | $2M | $5M | $4M | $6M | $3M | $6M | |
| Levered FCF | · | · | · | · | · | $2M | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 94.6% | · | 69.0% | 71.9% | 81.5% | 75.4% | 92.4% | · | 99.4% | 99.0% | 99.7% | |
| Operating Margin | · | -259.2% | · | -8.8% | -33.1% | -55.7% | -6.3% | 11.1% | -29.1% | 14.9% | 17.3% | 6.9% | |
| Net Margin | · | -271.2% | · | -15.6% | -32.1% | -43.9% | -8.2% | 3.1% | -31.9% | 8.4% | 9.3% | -5.0% | |
| Pretax Margin | · | -270.5% | · | -22.4% | -42.5% | -59.8% | -9.8% | 8.2% | -33.3% | 9.2% | 10.8% | -5.2% | |
| EBITDA Margin | · | -199.3% | · | 19.4% | -15.1% | -37.1% | 3.1% | 16.1% | -24.2% | 19.6% | 22.3% | 11.5% | |
| ROA | · | -35.7% | · | -3.7% | -9.8% | -9.7% | -2.4% | 0.80% | -7.1% | 1.8% | 1.9% | -1.1% | |
| ROE | · | -55.7% | · | -5.5% | -15.2% | -14.1% | -3.4% | 1.1% | -9.9% | 2.6% | 3.2% | -2.2% | |
| ROIC | · | -58.4% | · | -2.9% | -9.9% | -11.9% | -1.9% | 1.3% | -7.2% | 3.2% | 3.2% | 1.2% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 0.4 | · | 2.1 | 1.6 | 1.6 | 1.8 | 1.5 | 2.1 | 2.1 | 1.9 | 0.8 | |
| Quick Ratio | · | 0.3 | · | 1.5 | 1.2 | 1.3 | 1.5 | 1.2 | 2.1 | 2.0 | 1.9 | 0.7 | |
| Debt / Equity | · | 0.2 | · | · | 0.4 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.8 | |
| LT Debt / Equity | · | 0.2 | · | · | 0.3 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.3 | 0.7 | |
| Interest Coverage | · | · | · | · | · | -13.8 | · | · | · | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.1 | · | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | |
| Inventory Turnover | · | 2.0 | · | 2.6 | 4.6 | 5.2 | 7.1 | · | · | · | · | · | |
| Receivables Turnover | · | 2.9 | · | 4.0 | 4.6 | 3.0 | 3.9 | 3.6 | 4.1 | 4.5 | 4.9 | 5.8 |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -40.2% | -53.5% | -31.1% | -32.0% | 28.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -42.4% | -39.8% | -15.5% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -30.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5M | $8M | $18M | $26M | $38M | $29M | $42M | $35M | $32M | $33M | $28M | $21M | |
| Net Income TTM | $-17M | $-22M | $-21M | $-4M | $-12M | $-13M | $-3M | $1M | $-10M | $3M | $3M | $-1M | |
| Market Cap | · | $12M | · | $137M | $213M | $233M | $283M | $205M | $605M | $820M | $1.38B | $1.02B | |
| Enterprise Value | · | $18M | · | · | $237M | $245M | $297M | $213M | $619M | $838M | $1.41B | $1.05B | |
| P/E | -0.2 | -0.5 | -1.2 | -35.0 | -17.3 | -17.8 | -83.3 | 188.3 | -60.0 | · | 312.5 | 302.1 | |
| P/S | · | 1.5 | · | 5.3 | 5.6 | 7.9 | 6.8 | 5.8 | 19.1 | 25.1 | 49.9 | 49.1 | |
| P/B | · | 0.4 | · | 1.9 | 2.9 | 2.7 | 2.9 | 2.1 | 6.2 | 7.7 | 13.8 | 16.9 | |
| P / Tangible Book | · | · | 30.0 | 5.9 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | -2.6 | · | -9.7 | -32.5 | 73.2 | 80.9 | 31.1 | 129.3 | 103.6 | 419.6 | 173.1 | |
| P / FCF | · | -2.5 | · | -9.5 | -27.9 | 95.6 | 119.6 | 40.1 | 135.3 | 142.5 | 500.0 | 180.7 | |
| EV / EBITDA | · | -1.1 | · | · | -41.4 | -22.4 | 230.5 | 37.3 | -80.8 | 130.4 | 227.4 | 444.1 | |
| EV / FCF | · | -3.6 | · | · | -31.0 | 100.4 | 125.5 | 41.6 | 138.6 | 145.6 | 508.6 | 187.3 | |
| EV / Revenue | · | 2.1 | · | · | 6.2 | 8.3 | 7.1 | 6.0 | 19.5 | 25.6 | 50.7 | 50.8 | |
| Earnings Yield | -470.4% | -191.1% | -82.8% | -2.9% | -5.8% | -5.6% | -1.2% | 0.53% | -1.7% | · | 0.32% | 0.33% |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $3M | $2M | $2M | $3M | $7M | $6M | $4M | $5M | |
| Cost of Revenue | · | · | · | · | · | · | $0 | $407.0K | $38.0K | · | $200.0K | $225.0K | $4M | $3M | $2M | $1M | |
| Gross Profit | · | · | $1M | $1M | $1M | · | $1M | $2M | $3M | $2M | $2M | $2M | $3M | $3M | $2M | $3M | |
| SG&A Expense | $1M | $1M | $1M | $1M | $912.0K | $1M | $2M | $2M | $1M | $2M | $3M | $3M | $3M | $3M | $5M | $4M | |
| Operating Expenses | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $4M | $5M | $6M | $5M | $7M | $-24M | $7M | |
| Operating Income | $-2M | $-2M | $-2M | $-7M | $-2M | $-2M | $-6M | $-9M | $307.0K | $-6M | $-6M | $-5M | $-4M | $-6M | $-8M | $-6M | |
| Pretax Income | $-2M | $-2M | $-3M | $-8M | $-4M | $-3M | $-7M | $-9M | $161.0K | $-6M | $-6M | $-5M | $-4M | $-6M | $-8M | $-6M | |
| Income Tax | $19.0K | $12.0K | $0 | $25.0K | $0 | $50.0K | $220.0K | $0 | $0 | $0 | $1M | $0 | $0 | $0 | $-2M | $-2M | |
| Net Income | $-2M | $-2M | $-3M | $-8M | $-4M | $-3M | $-7M | $-9M | $195.0K | $-6M | $-7M | $-5M | $-3M | $-6M | $-6M | $-4M | |
| EPS (Basic) | $-0.40 | $-0.42 | $-0.22 | $-2.02 | $-1.66 | $-1.18 | $-2.91 | $-3.92 | $0.08 | $-3.09 | $-9.95 | $-0.26 | $-0.18 | $-0.29 | $-0.29 | $-0.21 | |
| EPS (Diluted) | $-0.40 | $-0.42 | $-0.22 | $-2.02 | $-1.66 | $-1.18 | $-2.91 | $-3.92 | $0.08 | $-3.09 | $-9.95 | $-0.26 | $-0.18 | $-0.29 | $-0.29 | $-0.21 | |
| Shares (Basic) | 6,159,232 | 5,903,599 | -5,260,399 | 3,918,993 | 2,403,639 | 2,373,583 | -4,463,214 | 2,352,135 | 2,349,014 | 2,037,397 | -57,146,939 | 19,749,317 | 19,735,500 | 19,633,194 | -39,248,553 | 19,624,860 | |
| Shares (Diluted) | 6,159,232 | 5,903,599 | -5,260,399 | 3,918,993 | 2,403,639 | 2,373,583 | -4,468,079 | 2,352,135 | 2,353,879 | 2,037,397 | -57,146,939 | 19,749,317 | 19,735,500 | 19,633,194 | -39,385,758 | 19,624,860 | |
| EBITDA | $-772.0K | · | · | $-7M | $-755.0K | $-1M | · | $-8M | $2M | $-5M | · | $-4M | $-2M | $-4M | · | $-4M |
Balance Sheet 23
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $399.0K | $179.0K | $1M | $1M | $970.0K | $298.0K | $1M | $242.0K | $924.0K | $2M | $3M | $2M | $4M | $2M | $5M | $8M | |
| Receivables | $623.0K | $656.0K | $956.0K | $1M | $2M | $2M | $2M | $3M | $3M | $4M | $3M | $5M | $7M | $6M | $5M | $7M | |
| Inventory | · | · | · | · | · | · | $0 | · | $407.0K | $445.0K | $453.0K | $997.0K | $798.0K | $3M | $3M | $4M | |
| Prepaid Expense | $502.0K | $1M | $2M | $1M | $416.0K | $508.0K | $520.0K | $375.0K | $378.0K | $471.0K | $398.0K | $447.0K | $554.0K | $1M | $1M | $2M | |
| Current Assets | $2M | $4M | $4M | $4M | $3M | $3M | $4M | $4M | $5M | $6M | $7M | $8M | $12M | $12M | $14M | $21M | |
| PP&E (Net) | $103.0K | $115.0K | $130.0K | $145.0K | $158.0K | $180.0K | $182.0K | $202.0K | $214.0K | $133.0K | $634.0K | $779.0K | $916.0K | $1M | $1M | $2M | |
| Intangibles | $27M | $28M | $31M | $32M | $33M | $34M | $35M | $36M | $37M | $40M | $42M | $43M | $45M | $46M | $48M | $49M | |
| Other Non-current Assets | $1M | $1M | $912.0K | $912.0K | $2M | $2M | $911.0K | $911.0K | $920.0K | $969.0K | $15.0K | $75.0K | $25.0K | $110.0K | $110.0K | $146.0K | |
| Total Assets | $32M | $36M | $39M | $40M | $47M | $52M | $54M | $54M | $63M | $67M | $72M | $76M | $81M | $84M | $89M | $97M | |
| Accounts Payable | $532.0K | $2M | $1M | $1M | $2M | $3M | $3M | $3M | $2M | $2M | $2M | $4M | $3M | $6M | $4M | $4M | |
| Current Liabilities | $6M | $8M | $7M | $8M | $5M | $10M | $10M | $7M | $6M | $6M | $6M | $7M | $7M | $8M | $7M | $9M | |
| Capital Leases | $3M | $3M | $4M | $4M | $5M | $5M | $5M | $6M | $6M | $4M | $4M | $4M | $5M | $6M | $6M | $6M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $223.0K | |
| Other Non-current Liabilities | $877.0K | $901.0K | $722.0K | $732.0K | $715.0K | $431.0K | $431.0K | $431.0K | $430.0K | $506.0K | $40.0K | · | · | · | · | · | |
| Total Liabilities | $21M | $23M | $23M | $24M | $25M | $27M | $25M | $19M | $19M | $23M | $23M | $20M | $21M | $20M | $19M | $21M | |
| Long-term Debt | $12M | $13M | $13M | $13M | $12M | $9M | $7M | $4M | $5M | $5M | $5M | · | · | · | · | · | |
| Total Debt | $12M | · | · | $13M | $12M | $9M | · | $4M | $5M | $5M | · | · | · | · | · | · | |
| Common Stock | $6.0K | $6.0K | $6.0K | $5.0K | $2.0K | $2.0K | $2.0K | $24.0K | $23.0K | $23.0K | $2.0K | $20.0K | $20.0K | $20.0K | $20.0K | $20.0K | |
| Paid-in Capital | $113M | $112M | $112M | $110M | $108M | $107M | $107M | $106M | $106M | $106M | $104M | $104M | $104M | $104M | $104M | $104M | |
| Retained Earnings | $-99M | $-96M | $-94M | $-91M | $-83M | $-79M | $-76M | $-69M | $-60M | $-60M | $-54M | $-47M | $-42M | $-38M | $-33M | $-27M | |
| Stockholders' Equity | $14M | $15M | $18M | $19M | $25M | $28M | $30M | $37M | $46M | $46M | $50M | $57M | $62M | $65M | $71M | $77M | |
| Liabilities + Equity | $32M | $36M | $39M | $40M | $47M | $52M | $54M | $54M | $63M | $67M | $72M | $76M | $81M | $84M | $89M | $97M | |
| Shares Outstanding | 6,475,182 | 5,913,492 | 5,880,757 | 4,806,776 | 2,437,500 | 2,386,325 | 2,368,072 | 23,581,290 | 23,492,117 | 23,452,117 | 1,979,413 | 19,800,053 | 19,700,656 | 19,633,194 | 19,624,860 | 19,624,860 |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $813.0K | $893.0K | $898.0K | $896.0K | $899.0K | $900.0K | $903.0K | $910.0K | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Stock-based Comp | $223.0K | $104.0K | $224.0K | $108.0K | $129.0K | $109.0K | $107.0K | $110.0K | $42.0K | $144.0K | $58.0K | $62.0K | $65.0K | $57.0K | $52.0K | $51.0K | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $-1M | $-1M | |
| Amort. of Intangibles | $800.0K | $880.0K | $890.0K | $880.0K | $880.0K | $880.0K | $890.0K | $890.0K | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Other Non-cash | · | · | · | · | · | $354.0K | · | · | · | $2M | · | · | · | $874.0K | · | · | |
| Operating Cash Flow | $-2M | $-877.0K | $-2M | $-1M | $-2M | $-1M | $-1M | $-424.0K | $-274.0K | $-3M | $-4M | $-1M | $1M | $-3M | $-3M | $-2M | |
| CapEx | · | · | $0 | $0 | $-4.0K | $14.0K | $0 | $8.0K | · | · | $13.0K | $6.0K | $0 | $81.0K | $24.0K | $156.0K | |
| Investing Cash Flow | · | · | $0 | $0 | $4.0K | $-14.0K | $0 | $-8.0K | · | · | $-155.0K | $-6.0K | $451.0K | $-81.0K | $-646.0K | $-156.0K | |
| Debt Issued | · | · | $0 | $0 | $4M | $2M | · | · | · | · | · | · | · | · | · | · | |
| Net Debt Issued | · | · | · | · | · | $2M | · | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | $56.0K | $46.0K | $82.0K | $6.0K | $58.0K | $58.0K | · | · | · | · | · | · | · | · | $0 | $0 | |
| Net Stock Activity | · | · | · | · | · | $-58.0K | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-387.0K | $-754.0K | $1M | $2M | $3M | $2M | $2M | $-250.0K | $-250.0K | $2M | $5M | · | · | · | $0 | $0 | |
| Net Change in Cash | $-242.0K | $-2M | $-344.0K | $524.0K | $172.0K | $544.0K | $1M | $-682.0K | $-628.0K | $-707.0K | $809.0K | $-1M | $2M | $-3M | $-4M | $-2M | |
| Free Cash Flow | · | · | · | · | · | $-1M | · | · | · | · | · | · | · | $-3M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | 100.0% | 100.0% | · | · | 78.7% | 98.7% | 100.0% | · | 91.5% | 44.0% | 55.5% | · | 67.5% | |
| Operating Margin | -141.4% | · | · | -665.6% | -125.2% | -164.2% | · | -474.8% | 10.4% | -283.6% | · | -204.9% | -54.7% | -97.7% | · | -132.8% | |
| Net Margin | -220.9% | · | · | -706.5% | -301.9% | -210.0% | · | -481.9% | 6.6% | -288.2% | · | -195.1% | -51.1% | -93.3% | · | -89.8% | |
| Pretax Margin | -219.2% | · | · | -712.3% | -302.1% | -206.2% | · | -482.2% | 5.5% | -290.5% | · | -204.9% | -54.6% | -98.2% | · | -132.6% | |
| EBITDA Margin | -68.9% | · | · | -585.5% | -57.1% | -96.6% | · | -427.2% | 62.7% | -210.9% | · | -141.3% | -28.3% | -68.0% | · | -92.4% | |
| ROA | -6.2% | · | · | -16.7% | -7.2% | -4.7% | · | -14.2% | 0.27% | -8.3% | · | -5.9% | -3.7% | -5.4% | · | -3.5% | |
| ROE | -12.9% | · | · | -28.4% | -11.3% | -7.6% | · | -19.7% | 0.36% | -11.3% | · | -7.7% | -4.9% | -8.3% | · | -5.1% | |
| ROIC | -6.2% | · | · | -23.9% | -4.5% | -6.1% | · | -22.0% | 0.61% | -12.3% | · | -9.5% | -6.0% | · | · | -5.8% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.3 | · | · | 0.5 | 0.6 | 0.3 | · | 0.5 | 0.8 | 1.0 | · | 1.3 | 1.7 | 1.5 | · | 2.2 | |
| Quick Ratio | 0.2 | · | · | 0.4 | 0.5 | 0.2 | · | 0.5 | 0.7 | 0.8 | · | 1.0 | 1.5 | 1.0 | · | 1.6 | |
| Debt / Equity | 0.9 | · | · | 0.7 | 0.5 | 0.3 | · | 0.1 | 0.1 | 0.1 | · | · | · | · | · | · | |
| LT Debt / Equity | 0.7 | · | · | 0.5 | 0.5 | 0.3 | · | 0.1 | 0.1 | 0.1 | · | · | · | · | · | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.1 | · | 0.0 | |
| Inventory Turnover | · | · | · | · | · | · | · | · | 0.1 | · | · | 0.1 | 1.8 | 0.8 | · | 0.4 | |
| Receivables Turnover | 0.9 | · | · | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.6 | 0.5 | · | 0.5 | 0.8 | 0.8 | · | 0.5 |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5M | $5M | · | $6M | $8M | $8M | · | $10M | $15M | $18M | · | $20M | $26M | $28M | · | $33M | |
| Net Income TTM | $-17M | $-17M | · | $-24M | $-16M | $-18M | · | $-20M | $-15M | $-21M | · | $-18M | $-4M | $-4M | · | $825.0K | |
| Market Cap | $12M | · | · | $8M | $4M | $7M | · | $176M | $139M | $183M | · | $208M | $345M | $120M | · | $187M | |
| Enterprise Value | $23M | · | · | $20M | $16M | $15M | · | $180M | $142M | $186M | · | · | · | · | · | · | |
| P/E | -0.4 | -0.3 | · | -0.2 | -0.3 | -0.3 | · | -1.0 | -1.7 | -2.0 | · | -11.2 | -87.5 | -30.6 | · | 317.7 | |
| P/S | 2.5 | · | · | 1.5 | 0.6 | 0.8 | · | 18.2 | 9.5 | 10.4 | · | 10.4 | 13.4 | 4.3 | · | 5.7 | |
| P/B | 0.8 | · | · | 0.5 | 0.2 | 0.2 | · | 4.8 | 3.0 | 4.0 | · | 3.7 | 5.6 | 1.8 | · | 2.4 | |
| P / Tangible Book | · | · | · | · | · | · | · | 138.1 | 14.6 | 31.5 | · | 15.2 | 20.0 | 6.3 | · | 6.8 | |
| P / Cash Flow | · | · | · | · | · | -4.7 | · | · | · | -70.1 | · | · | · | -41.2 | · | · | |
| P / FCF | · | · | · | · | · | -4.6 | · | · | · | · | · | · | · | -40.1 | · | · | |
| EV / EBITDA | -30.2 | · | · | -3.0 | -20.8 | -11.8 | · | -22.1 | 76.8 | -40.4 | · | · | · | · | · | · | |
| EV / FCF | · | · | · | · | · | -10.5 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 5.0 | · | · | 3.4 | 2.1 | 1.8 | · | 18.6 | 9.8 | 10.5 | · | · | · | · | · | · | |
| Earnings Yield | -250.0% | -340.6% | · | -498.9% | -369.1% | -287.6% | · | -96.1% | -58.5% | -49.0% | · | -8.9% | -1.1% | -3.3% | · | 0.31% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $5M | $8M | $18M | $26M | $38M |
| Gross Margin % | — | 94.6% | — | 69.0% | 71.9% |
| Operating Margin % | — | -259.2% | — | -8.8% | -33.1% |
| Net Income | $-17M | $-22M | $-21M | $-4M | $-12M |
| Diluted EPS | $-5.08 | $-9.84 | $-10.68 | $-0.20 | $-0.63 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | 0.2 | — | — | 0.4 |
| Current Ratio | — | 0.4 | — | 2.1 | 1.6 |
| Quick Ratio | — | 0.3 | — | 1.5 | 1.2 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | $-5M | — | $-14M | $-8M |
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Institutional owners (13F) 11 filers · $1.4M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 4 (+3 vs prior Q) | 0 (-3 vs prior Q) | 2 (0 vs prior Q) | 3 (+1 vs prior Q) | -109K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Summit Trail Advisors, LLC | $596,585 | 331,436 | 44.08% | Shares |
| Potomac Capital Management, Inc. | $450,104 | 250,058 | 33.26% | Shares |
| CITADEL ADVISORS LLC | $86,927 | 48,293 | 6.42% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $49,966 | 27,759 | 3.69% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $49,320 | 27,400 | 3.64% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $48,043 | 26,688 | 3.55% | Shares |
| TWO SIGMA INVESTMENTS, LP | $29,732 | 16,518 | 2.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $21,573 | 11,985 | 1.59% | Shares |
| MORGAN STANLEY | $18,000 | 10,000 | 1.33% | Shares |
| UBS Group AG | $3,015 | 1,675 | 0.22% | Shares |
| Caitong International Asset Management Co., Ltd | $4 | 2 | 0.00% | Shares |
Company insiders 31 insiders · 8 officers · 19 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Robert W. D'Loren | CEO and Chairman | June 30, 2026 F | 749,937 | 2 | 0 | $112,001 |
| Jeffrey Robinson | CEO | Feb. 13, 2006 S | 4,832,476 | 0 | 0 | $0 |
| James Haran | Chief Financial Officer | Dec. 3, 2025 A | 204,018 | 0 | 0 | $0 |
| Giuseppe Falco | Chief Merchant Officer and Brand President | Jan. 24, 2017 A | 253,912 | 0 | 0 | $0 |
| Wesley F Whiting | President | Dec. 27, 2004 O | 0 | 0 | 0 | $0 |
| Seth Burroughs | EVP of BD Treasurer Secretary | Dec. 3, 2025 A | 65,314 | 0 | 0 | $0 |
| Fahad M Syed | Resigned as CEOas of 12/30/10 | Dec. 30, 2010 S | 0 | 0 | 0 | $0 |
| Redgie T Green | Secretary | Dec. 27, 2004 O | 0 | 0 | 0 | $0 |
| James D Fielding | Director | April 20, 2026 A | 13,250 | 0 | 0 | $0 |
| Mark DiSanto | Director | April 20, 2026 A | 44,167 | 1 | 0 | $17,500 |
| Howard M Liebman | Director | Feb. 23, 2026 D | 19,617 | 0 | 0 | $0 |
| Deborah Weinswig | Director | Dec. 3, 2025 A | 13,600 | 0 | 0 | $0 |
| Ben Malka | Director | April 1, 2019 A | 69,000 | 0 | 0 | $0 |
| Richard Kirschenbaum | Director | April 2, 2018 A | 24,000 | 0 | 0 | $0 |
| Edward Jones III | Director | Aug. 17, 2017 S | 67,382 | 0 | 0 | $0 |
| Todd Slater | Director | March 31, 2016 A | 55,485 | 0 | 0 | $0 |
| Marisa Gardini | Director | April 8, 2015 S | 615,640 | 0 | 0 | $0 |
| Jack Dweck | Director | May 16, 2014 S | 100,000 | 0 | 0 | $0 |
| Jeffrey Cohen | Director | Dec. 1, 2012 F | 456,765 | 0 | 0 | $0 |
| Charlotte G Denenberg | Director | March 5, 2009 A | — | 0 | 0 | $0 |
| Madelyn M Dematteo | Director | March 9, 2005 A | — | 0 | 0 | $0 |
| Richard F Howard | Director | March 9, 2005 A | — | 0 | 0 | $0 |
| Isaac Mizrahi | 10% owner | March 15, 2019 A | 2,519,514 | 0 | 0 | $0 |
| Jeffrey Bruce Hecktman | 10% owner | Sept. 13, 2017 P | 667,767 | 0 | 0 | $0 |
| HILCO TRADING, LLC | 10% owner | Sept. 13, 2017 P | 667,767 | 0 | 0 | $0 |
| BUCKINGHAM CAPITAL MANAGEMENT INC | 10% owner | Dec. 22, 2014 P | 1,576,581 | 0 | 0 | $0 |
| UTEK CORP | 10% owner | July 14, 2008 S | 7,099,500 | 0 | 0 | $0 |
| Fred F Nazem | 10% owner | July 10, 2007 A | 17,807,477 | 0 | 0 | $0 |
| Faisal J Syed | 10% owner | Feb. 13, 2006 P | 13,238,462 | 0 | 0 | $0 |
| Mohd A Asif | 10% owner | Feb. 13, 2006 P | 13,238,462 | 0 | 0 | $0 |
| Michael Francis | — | April 1, 2020 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 30 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Mark DiSanto ×5 filings | Aug. 27, 2025 | 7.40% | Amendment | — | SEC |
| Robert W. D'Loren | Aug. 14, 2025 | 19.00% | Amendment | — | SEC |
| Robert W. D’Loren ×6 filings | Jan. 7, 2015 | — | Initial filing | — | SEC |
| Delta Institutional, LP, Trafelet & Company Advisors, LLC, Trafelet Brokaw Capital Management, L.P., Trafelet & Company, LLC, Remy W. Trafelet ×3 filings | July 21, 2014 | — | Initial filing | — | SEC |
| Marisa Gardini ×3 filings | May 20, 2013 | — | Initial filing | Passive investment | SEC |
| James F. Haran ×2 filings | May 20, 2013 | — | Initial filing | Passive investment | SEC |
| Jack Dweck, Slocum & Worth LLC, Earthbound LLC, Jeffrey Cohen | Dec. 26, 2012 | — | Initial filing | Passive investment | SEC |
| Jeffrey Cohen, Jack Dweck, Earthbound LLC, SLOCUM & WORTH LLC | Sept. 27, 2012 | — | Initial filing | — | SEC |
| Isaac Mizrahi ×3 filings | June 1, 2012 | — | Initial filing | — | SEC |
| Robert D’Loren | Oct. 11, 2011 | — | Initial filing | Passive investment | SEC |
| Faisal J. Syed S.S. or | Jan. 19, 2011 | — | Initial filing | Passive investment | SEC |
| Fred Nazem | Jan. 11, 2011 | — | Initial filing | Passive investment | SEC |
| Fahad M. Syed S.S. or | Jan. 5, 2011 | — | Initial filing | Passive investment | SEC |
| Jeffrey Robinson S.S. or | Jan. 5, 2011 | — | Initial filing | Passive investment | SEC |
| Mohd Asif S.S. or | Jan. 5, 2011 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 1 ETF
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| VXF · VANGUARD INDEX FUNDS | 0.00% | 27,759 SH | Aug. 8, 2026 | Daily |