---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-013747"
form_type: "8-K"
ticker: "XELB"
cik: "0001083220"
company_name: "XCel Brands, Inc."
filed_at: "2022-08-17T23:59:59+00:00"
generated_at: "2026-06-23T23:01:22.860570+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Xcel Brands Q2 GAAP net income $9.5M on Isaac Mizrahi gain; non-GAAP loss $3.6M, revenue down 21%

## Summary
- GAAP net income $9.5M ($0.48/diluted share) vs. loss of $1.6M in prior-year quarter; non-GAAP net loss $3.6M ($0.18 loss per share).
- Revenue fell 21% to $8.5M, driven by declines in wholesale apparel and licensing revenue from Isaac Mizrahi sale.
- Sold majority interest in Isaac Mizrahi brand, recognizing a $20.6M gain; 65% of cash proceeds used to pay off all debt.
- Balance sheet strengthened: $10.9M cash, zero debt, $16.7M working capital at June 30, 2022.
- Adjusted EBITDA was negative $2.8M vs. positive $0.9M in prior-year quarter; supply chain and inflation headwinds continue.

## SEC filing metadata
- accession: 0001558370-22-013747
- form_type: 8-K
- ticker: XELB
- cik: 0001083220
- company_name: XCel Brands, Inc.
- filed_at: 2022-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083220/000155837022013747/0001558370-22-013747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083220/000155837022013747/xelb-20220817x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-013747
- JSON: https://secwatch.observer/filing/0001558370-22-013747.json
- Plain text: https://secwatch.observer/filing/0001558370-22-013747.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.