XELB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $0.66

Market Cap (MRQ) $4M

P/E (TTM) -0.2

EPS (TTM) $-3.06

Revenue (TTM) $5M

ROE (TTM) -81.5%

Debt/Equity (MRQ) 0.9

52W Range $1–$3

XELB Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

range

bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 1

Ex-date	Split	Type
March 25, 2025	1-for-10	Reverse

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$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

Net margin-343.7%

2016-12-31 → 2024-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	XELB	5Y avg	Peer Median	Verdict
P/E (TTM)	-0.25Y avg ≈-10.9	≈-10.9	·	·
P/S (TTM)	0.95Y avg ≈4.1	≈4.1	0.2	Overvalued
P/B (MRQ)	0.35Y avg ≈1.7	≈1.7	0.8	Overvalued
Price / Tangible Book (MRQ)	-0.3	·	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	XELB	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	-282.6%5Y avg ≈-100.4%	≈-100.4%	-3.6%	Weak
EBITDA Margin (TTM)	-205.6%5Y avg ≈-65.0%	≈-65.0%	-1.8%	Weak
Pretax Margin (TTM)	-344.8%5Y avg ≈-111.8%	≈-111.8%	-0.19%	Weak
Net Profit Margin (TTM)	-343.7%5Y avg ≈-106.3%	≈-106.3%	-2.2%	Weak
ROA (TTM)	-39.3%5Y avg ≈-16.4%	≈-16.4%	-12.4%	Weak
ROE (TTM)	-81.5%5Y avg ≈-25.5%	≈-25.5%	-28.8%	Weak

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	XELB	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	0.9	·	0.6	High debt
Current Ratio (MRQ)	0.35Y avg ≈1.4	≈1.4	1.0	Low liquidity
Long-Term Debt / Equity (MRQ)	0.7	·	·	·

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	XELB	5Y avg	Peer Median	Verdict
Revenue YoY	-40.2%5Y avg ≈-25.6%	≈-25.6%	·	·
Revenue CAGR 3Y	-42.4%5Y avg ≈-32.6%	≈-32.6%	·	·
Revenue CAGR 5Y	-30.0%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	5Y trend	XELB	5Y avg	Peer Median	Verdict
EPS (Diluted)		$-5.085Y avg ≈$-5.29	≈$-5.29	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	5Y trend	XELB	5Y avg	Peer Median	Verdict
Revenue / Employee		≈$329.3K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 21.8%

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Aug 12, 2026	$-0.40	$-0.39	-3.2%
March 31, 2026	May 14, 2026	$-0.42	$-0.49	14.2%
Dec. 31, 2025		$-0.32	$-0.50	36.0%
Sept. 30, 2025		$-0.34	$-0.72	53.1%
June 30, 2025		$-0.37	$-0.51	27.5%
March 31, 2025		$-0.58	$-0.56	-3.4%
Dec. 31, 2024		$-0.69	$-0.97	28.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 15

Metric	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	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	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	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	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	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

Per Share 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	·	$12.85	·	$3.61	$3.80	$4.45	$5.20	$5.51	$5.33	$5.69	$5.43	$4.30
Revenue / Share	·	$3.63	·	$1.31	$1.95	$1.54	$2.21	$1.94	$1.71	$1.72	$1.61	$1.62
Cash Flow / Share	·	$-2.07	·	$-0.72	$-0.34	$0.17	$0.19	$0.36	$0.25	$0.42	$0.19	$0.46
Cash / Share	·	$0.53	·	$0.23	$0.23	$0.26	$0.25	$0.49	$0.56	$0.76	$0.91	$0.61
EPS (TTM)	$-5.08	$-9.84	$-10.68	$-0.20	$-0.63	$-0.68	$-0.18	$0.06	$-0.55	·	$0.24	$0.24

Growth Rates 3

Metric	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	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	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	·	3,918,993	2,403,639	2,373,583	·	2,352,135	2,349,014	2,037,397	·	19,749,317	19,735,500	19,633,194	·	19,624,860
Shares (Diluted)	6,159,232	5,903,599	·	3,918,993	2,403,639	2,373,583	·	2,352,135	2,353,879	2,037,397	·	19,749,317	19,735,500	19,633,194	·	19,624,860
EBITDA	$-772.0K	·	·	$-7M	$-755.0K	$-1M	·	$-8M	$2M	$-5M	·	$-4M	$-2M	$-4M	·	$-4M

Balance Sheet 23

Metric	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	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	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	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	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

Per Share 5

Metric	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
Book Value / Share	$2.14	·	·	$3.89	$10.06	$11.62	·	$1.57	$1.96	$1.95	·	$2.87	$3.14	$3.32	·	$3.91
Revenue / Share	$0.18	·	·	$0.29	$0.55	$0.56	·	$0.08	$0.13	$0.11	·	$0.13	$0.34	$0.31	·	$0.23
Cash Flow / Share	·	·	·	·	·	$-0.60	·	·	·	$-0.13	·	·	·	$-0.15	·	·
Cash / Share	$0.06	·	·	$0.31	$0.40	$0.12	·	$0.01	$0.04	$0.07	·	$0.11	$0.18	$0.08	·	$0.43
EPS (TTM)	$-3.06	$-5.28	·	$-7.77	$-9.67	$-7.93	·	$-16.88	$-13.22	$-13.48	·	$-1.02	$-0.97	$-0.31	·	$-0.27

Valuation (TTM) 11

Metric	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	·	$5M	$6M	$7M	·	$9M	$10M	$14M	·	$20M	$21M	$23M	·	$30M
Net Income TTM	$-16M	$-17M	·	$-22M	$-23M	$-19M	·	$-22M	$-18M	$-22M	·	$-20M	$-19M	$-6M	·	$-5M
Market Cap	$12M	·	·	$8M	$4M	$7M	·	$176M	$139M	$183M	·	$208M	$345M	$120M	·	$187M
Enterprise Value	$23M	·	·	$20M	$16M	$15M	·	$180M	$142M	$186M	·	·	·	·	·	·
P/E	-0.6	-0.3	·	-0.2	-0.2	-0.4	·	-0.4	-0.4	-0.6	·	-10.3	-18.0	-19.7	·	-35.3
P/S	2.6	·	·	1.7	0.8	0.9	·	18.9	13.8	13.2	·	10.6	16.1	5.2	·	6.3
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	·	·
EV / Revenue	5.1	·	·	3.9	2.7	2.0	·	19.3	14.1	13.4	·	·	·	·	·	·
Earnings Yield	-170.0%	-340.6%	·	-441.5%	-534.2%	-281.2%	·	-225.7%	-224.1%	-172.8%	·	-9.7%	-5.5%	-5.1%	·	-2.8%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	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

Metric	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

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	·	$-5M	·	$-14M	$-8M

Institutional owners (13F) 11 filers · $1.4M total · As of June 30, 2026

17

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.

Holders 11

Value held $1.4M

New positions 3

Exited positions 0

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
3 (+1 vs prior Q)	0 (-3 vs prior Q)	3 (+1 vs prior Q)	3 (+1 vs prior Q)	-124K

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	44.02%	Shares
Potomac Capital Management, Inc.	$450,104	250,058	33.21%	Shares
CITADEL ADVISORS LLC	$86,927	48,293	6.41%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$50,075	27,817	3.69%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$49,966	27,759	3.69%	Shares
VANGUARD FIDUCIARY TRUST CO	$49,320	27,400	3.64%	Shares
TWO SIGMA INVESTMENTS, LP	$29,732	16,518	2.19%	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

Activists & 5%+ owners 30 positions

18

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
Undisclosed reporting person	Oct. 5, 2007	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	Feb. 28, 2006	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	Feb. 28, 2006	·	Initial filing	·	SEC
Undisclosed reporting person	Feb. 28, 2006	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	Feb. 28, 2006	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	July 12, 2005	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	June 30, 2005	·	Initial filing	·	SEC
Undisclosed reporting person	June 30, 2005	·	Initial filing	·	SEC
Undisclosed reporting person	June 24, 2005	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	June 24, 2005	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	Dec. 20, 2004	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	Dec. 20, 2004	·	Initial filing	Passive investment	SEC
Undisclosed reporting person	Dec. 10, 2004	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person	May 15, 2003	·	Initial filing	Passive investment	SEC
J.R. Nelson	June 11, 2001	·	Initial filing	·	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.

Company insiders 31 insiders · 8 officers · 19 directors

19

Insider	Role	Last activity	Shares owned	Buys 12m	Net 12m
Robert W. D'Loren	CEO and Chairman	Sept. 30, 2026 F	840,612	7	$146,121
Jeffrey Robinson	CEO	Feb. 13, 2006 S	4,832,476	0	$0
James Haran	Chief Financial Officer	Dec. 3, 2025 A	204,018	0	$0
Giuseppe Falco	Chief Merchant Officer and Brand President	Jan. 24, 2017 A	253,912	0	$0
Wesley F Whiting	President	Dec. 27, 2004 O	0	0	$0
Seth Burroughs	EVP of BD Treasurer Secretary	Dec. 3, 2025 A	65,314	0	$0
Fahad M Syed	Resigned as CEOas of 12/30/10	Dec. 30, 2010 S	0	0	$0
Redgie T Green	Secretary	Dec. 27, 2004 O	0	0	$0
James D Fielding	Director	April 20, 2026 A	13,250	0	$0
Mark DiSanto	Director	April 20, 2026 A	44,167	1	$17,500
Howard M Liebman	Director	Feb. 23, 2026 D	19,617	0	$0
Deborah Weinswig	Director	Dec. 3, 2025 A	13,600	0	$0
Ben Malka	Director	April 1, 2019 A	69,000	0	$0
Richard Kirschenbaum	Director	April 2, 2018 A	24,000	0	$0
Edward Jones III	Director	Aug. 17, 2017 S	67,382	0	$0
Todd Slater	Director	March 31, 2016 A	55,485	0	$0
Marisa Gardini	Director	April 8, 2015 S	615,640	0	$0
Jack Dweck	Director	May 16, 2014 S	100,000	0	$0
Jeffrey Cohen	Director	Dec. 1, 2012 F	456,765	0	$0
Charlotte G Denenberg	Director	March 5, 2009 A	·	0	$0
Madelyn M Dematteo	Director	March 9, 2005 A	·	0	$0
Richard F Howard	Director	March 9, 2005 A	·	0	$0
Isaac Mizrahi	10% owner	March 15, 2019 A	2,519,514	0	$0
Jeffrey Bruce Hecktman	10% owner	Sept. 13, 2017 P	667,767	0	$0
HILCO TRADING, LLC	10% owner	Sept. 13, 2017 P	667,767	0	$0
BUCKINGHAM CAPITAL MANAGEMENT INC	10% owner	Dec. 22, 2014 P	1,576,581	0	$0
UTEK CORP	10% owner	July 14, 2008 S	7,099,500	0	$0
Fred F Nazem	10% owner	July 10, 2007 A	17,807,477	0	$0
Faisal J Syed	10% owner	Feb. 13, 2006 P	13,238,462	0	$0
Mohd A Asif	10% owner	Feb. 13, 2006 P	13,238,462	0	$0
Michael Francis	·	April 1, 2020 A	·	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 3 ETFs

20

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
DCOR · Dimensional ETF Trust	0.00%	1,676 NS	July 31, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.00%	27,759 SH	Aug. 19, 2026	Daily
DFAC · Dimensional ETF Trust	0.00%	109 NS	July 31, 2026	N-PORT

XELB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 8 analysts BUY

Median target $4.00 +508.8%

2 25.0% Strong Buy

5 62.5% Buy

1 12.5% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

2 analysts · 2026-09-29

Mean target $4.00 +508.8%

← Below all targets Current price $0.66

Low$3.00 Mean$4.00 High$5.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
XELB	·	-0.2	-40.2%	·	·	·
PLCE	$91M	-1.0	-12.8%	-7.3%	298.9%	29.9%
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%	·	·	·

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

XELB Xcel Brands, Inc - Common Stock