Xcel Brands Inc. reported a net loss of $7.9 million for the third quarter of 2025 and $14.7 million for the nine months ended September 30, 2025, compared to a net loss of $9.2 million and $15.3 million, respectively, in the prior year periods. On a non-GAAP basis, the net loss was $1.3 million for the quarter and $3.6 million year-to-date. Adjusted EBITDA was negative $0.7 million for the quarter and negative $1.7 million year-to-date, reflecting a 38% improvement from the prior year. Direct operating costs and expenses decreased by 23% to $2.2 million in the current quarter, with the company reducing annual direct operating expenses to about $9.0 million. During the quarter, Xcel Brands recognized a $5.5 million non-cash impairment charge related to its investment in the Isaac Mizrahi brand, following the disposition of its equity interest in October 2025. The company reported continued progress in cost reduction and restructuring efforts.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCel Brands Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9579036-en) on November 19, 2025, and is solely responsible for the information contained therein.
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