Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share

Schedule of the basic and diluted net loss per share

The following table is a reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share computations for the three and six months ended June 30, 2026 and 2025:


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2026			2025			2026			2025
Numerator:
Net loss attributable to Xcel Brands, Inc. stockholders (in thousands)		$	(2,476)		$	(3,988)		$	(4,965)		$	(6,785)

Denominator:
Basic weighted average number of shares outstanding			6,159,232			2,403,639			6,032,122			2,388,694
Add: Effect of warrants			—			—			—			—
Add: Effect of stock options			—			—			—			—
Diluted weighted average number of shares outstanding			6,159,232			2,403,639			6,032,122			2,388,694

Basic earnings (loss) per share		$	(0.40)		$	(1.66)		$	(0.82)		$	(2.84)
Diluted earnings (loss) per share		$	(0.40)		$	(1.66)		$	(0.82)		$	(2.84)

Schedule of anti-dilutive Securities Excluded from Schedule of computation of Earnings (Loss) Per Share


		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2026		2025		2026		2025
Stock options		617,701		463,994		617,701		463,994
Warrants		3,152,209		1,395,664		3,152,209		1,395,664
Total		3,769,910		1,859,658		3,769,910		1,859,658