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DXLG

Destination XL Group, Inc.

DXLG

Destination XL Group, Inc. • NASDAQ
$0.97 ▲ 7.07% (+0.06)
Market Cap $52.46 M
52w High $3.10
52w Low $0.88
Dividend Yield 0%
P/E -9.74
Volume 59.81K
Outstanding Shares 53.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $115.505M ▲ $51.48M ▲ $-265K ▲ -0.229% ▲ $-0.005 ▲ $4.779M ▲
Q1-2025 $105.533M ▼ $51.079M ▼ $-1.939M ▼ -1.837% ▼ $-0.04 ▼ $139K ▼
Q4-2024 $119.203M ▲ $54.637M ▲ $-1.316M ▲ -1.104% ▲ $-0.023 ▲ $3.215M ▲
Q3-2024 $107.503M ▼ $50.978M ▼ $-1.805M ▼ -1.679% ▼ $-0.032 ▼ $1.03M ▼
Q2-2024 $124.82M $53.662M $2.383M 1.909% $0.041 $6.509M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $33.544M ▲ $408.843M ▲ $267.915M ▲ $140.928M ▲
Q1-2025 $29.081M ▼ $380.077M ▼ $239.368M ▼ $140.709M ▼
Q4-2024 $48.417M ▲ $380.955M ▼ $239.732M ▲ $141.223M ▼
Q3-2024 $42.959M ▼ $381.321M ▼ $235.865M ▲ $145.456M ▼
Q2-2024 $63.207M $383.768M $226.814M $156.954M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-265K ▲ $9.916M ▲ $-3.86M ▼ $-123K ▼ $5.933M ▲ $4.557M ▲
Q1-2025 $-1.939M ▼ $-12.03M ▼ $8.258M ▲ $-47K ▲ $-3.819M ▼ $-18.77M ▼
Q4-2024 $-1.316M ▲ $17.128M ▲ $-8.808M ▼ $-3.527M ▲ $4.793M ▲ $8.81M ▲
Q3-2024 $-1.805M ▼ $-3.517M ▼ $-623K ▲ $-10.227M ▼ $-14.367M ▼ $-10.143M ▼
Q2-2024 $2.383M $17.097M $-11.954M $4K $5.147M $10.181M

Five-Year Company Overview

Income Statement

Income Statement DXLG’s income statement shows a company that successfully turned around after 2020, but is now facing slowing momentum. Sales grew sharply coming out of the pandemic and peaked a couple of years ago, then drifted down slightly more recently. Profitability improved strongly at first, but operating and net income have thinned back to about breakeven in the latest year. Earnings per share have fallen a lot from prior highs, suggesting the business is still profitable at the gross margin level but is now absorbing higher costs or softer demand, leaving much less profit at the bottom line. Overall, it looks stable but not currently growing, with pressure on margins.

Balance Sheet

Balance Sheet The balance sheet is relatively lean. Total assets have stayed fairly steady over the last few years, with no major expansion binge. Equity has been rebuilt from a weak position during 2020 to a healthier level, though it’s not especially large, which limits the cushion if results worsen. Debt has come down from earlier peaks but still represents a meaningful claim on the business compared with equity. Cash levels have slipped from earlier highs, which reduces flexibility a bit, but there is no sign of extreme stress. Overall, the balance sheet looks improved versus 2020, but not overly conservative.

Cash Flow

Cash Flow Cash flow has been a brighter spot than recent earnings. The company has consistently generated positive cash from operations in each profitable year, although the amount has eased back from its post-pandemic high. Free cash flow has been positive as well, helped by modest capital spending. Recently, spending on stores and technology has ticked up slightly, which can weigh on free cash flow in the short term but may support growth later. In plain terms, DXLG is still bringing in real cash, just not as much as in its strongest year, and it is reinvesting a manageable portion back into the business.

Competitive Edge

Competitive Edge DXLG’s edge comes from its tight focus on the big and tall men’s segment, rather than trying to be a “one size fits all” apparel retailer. Its assortment, store layout, and service model are all tailored to this customer, making it more of a destination than general clothing stores that only carry extended sizes as an afterthought. Exclusive brands and collaborations, along with a growing mix of private label offerings, give it products that competitors can’t easily copy. The loyalty program and customer-centric in-store experience help keep shoppers coming back. The main vulnerability is exposure to the broader apparel cycle and the risk that larger retailers or online platforms deepen their own big-and-tall offerings.

Innovation and R&D

Innovation and R&D For a retailer, DXLG is unusually focused on technology and fit science. Its FiTMAP sizing technology, with an exclusive license for several more years, is designed to solve the fit problem very precisely and feeds into personalized recommendations. The company is also leaning into data analytics to shape marketing, inventory, and product design, and it is integrating stores, web, and mobile into a single omnichannel experience. Growth in private label and exclusive brands is another form of product innovation that can support margins. Future value will depend on how well DXLG executes on expanding FiTMAP usage, enhancing its digital platforms, and using data to open the right new stores rather than just more stores.

Summary

DXLG has moved from a troubled position in 2020 to a more stable, moderately leveraged specialty retailer with a clear niche in big and tall apparel. The turnaround in sales and profits is evident, but the last year shows a pause: revenue has softened slightly, and profit margins have narrowed back toward breakeven. The balance sheet and cash flows are better than they were pre‑turnaround, yet not so strong that the company can ignore future performance. Its main strengths lie in its niche focus, fit technology, omnichannel approach, and exclusive and private label brands. Key uncertainties involve the health of consumer spending on apparel, competitive responses from larger retailers, and DXLG’s ability to convert its technology and store expansion plans into renewed growth without overextending itself.

NEWS

November 19, 2025 · 6:00 AM UTC

NOT ALL BRANDS FIT THE SAME: DXL'S NEW FITMAP® APP SCANNING TECHNOLOGY HELPS BIG + TALL MEN FIND THEIR PERFECT SIZE

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October 1, 2025 · 6:00 AM UTC

Clothes That Actually Fit Florida Big + Tall Men Shouldn't Be A Crazy Idea, Right? DXL, Now Open In Pembroke Pines

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