Home / Going-concern warnings / XCel Brands, Inc.
Filed 2025-05-28 路 Form 10-K 路 Accession 0001558370-25-008172 nano
Price before filing: $2.62 (2025-05-27 close, split/dividend-adjusted)
Market cap at flag: $6.3M (2025-05-28) 路 Latest: $2.6M (2026-10-16)
| Window | XELB | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -30.2% | +4.3% | -34.5% | 2025-06-27 |
| 90 days | -50.0% | +9.5% | -59.5% | 2025-08-26 |
| 180 days | -64.2% | +13.8% | -78.0% | 2025-11-24 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-27 to 2025-06-27. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As such, there is substantial doubt about our ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-K (period 2024-12-31)
Why this score: also within 90 days: Auditor change, Late annual report (NT 10-K), Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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