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Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

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, 2025 and 2024:


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2025			2024			2025			2024
Numerator:
Net (loss) income attributable to Xcel Brands, Inc. stockholders (in thousands)		$	(3,988)		$	195		$	(6,785)		$	(6,099)

Denominator:
Basic weighted average number of shares outstanding			2,403,639			2,349,014			2,388,694			2,193,206
Add: Effect of warrants			—			29			—			—
Add: Effect of stock options			—			4,836			—			—
Diluted weighted average number of shares outstanding			2,403,639			2,353,879			2,388,694			2,193,206

Basic net (loss) earnings per share		$	(1.66)		$	0.08		$	(2.84)		$	(2.78)
Diluted net (loss) earnings per share		$	(1.66)		$	0.08		$	(2.84)		$	(2.78)

Anti-dilutive Securities Excluded from Computation of Earnings (Loss) Per Share

The computation of diluted EPS excludes the following potentially dilutive securities because their inclusion would be anti-dilutive:


		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2025		2024		2025		2024
Stock options		463,994		461,576		463,994		477,576
Warrants		1,395,664		129,793		1,395,664		129,899
Total		1,859,658		591,369		1,859,658		607,475