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Solo Brands (SBDS) Financials

$4.22 +0.59 (+16.30%)
As of 11:08 AM Eastern
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Annual Income Statements for Solo Brands

Annual Income Statements for Solo Brands

This table shows Solo Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 11 -4.95 -111 -113 -101
Consolidated Net Income / (Loss)		 56 -7.62 -195 -180 -145
Net Income / (Loss) Continuing Operations		 56 -7.62 -195 -180 -145
Total Pre-Tax Income 		59 -6.62 -232 -189 -142
Total Operating Income		 69 0.36 -228 -175 -113
Total Gross Profit		 259 318 302 260 188
Total Revenue		 404 518 495 455 317
Operating Revenue		 404 518 495 455 317
Total Cost of Revenue		 145 199 193 194 129
Operating Cost of Revenue		 145 199 193 194 129
Total Operating Expenses		 190 318 530 435 302
Selling, General & Admin Expense		 172 263 254 273 182
Depreciation Expense		 18 25 27 26 26
Restructuring Charge		 - - 249 136 93
Total Other Income / (Expense), net		 -10 -6.98 -3.71 -15 -29
Interest & Investment Income		 -10 -6.27 -11 -14 -27
Other Income / (Expense), net		 -0.21 -0.71 7.30 -0.53 -1.97
Income Tax Expense		 2.03 1.00 -36 -8.96 3.42
Net Income / (Loss) Attributable to Noncontrolling Interest		 7.84 -2.68 -84 -67 -44
Basic Earnings per Share		 $0.17 ($0.08) ($1.84) ($77.66) ($64.09)
Weighted Average Basic Shares Outstanding		 63.01M 63.46M 60.50M 1.46M 1.58M
Diluted Earnings per Share		 $0.17 ($0.08) ($1.84) ($77.66) ($64.09)
Weighted Average Diluted Shares Outstanding		 63.01M 63.46M 60.50M 1.46M 1.58M
Weighted Average Basic & Diluted Shares Outstanding		 94.62M 96.03M 91.18M 92.28M 2.56M

Quarterly Income Statements for Solo Brands

This table shows Solo Brands' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 4.13 -124 -3.40 -3.11 -70 -37 -12 -13 -15 -61 -5.47
Consolidated Net Income / (Loss)		 3.08 -211 -6.48 -4.04 -111 -58 -19 -21 -23 -83 -5.47
Net Income / (Loss) Continuing Operations		 3.08 -211 -6.48 -4.04 -111 -58 -19 -21 -23 -83 -5.47
Total Pre-Tax Income 		-3.11 -244 -9.68 -1.34 -118 -60 -16 -19 -23 -84 -12
Total Operating Income		 -1.33 -241 -6.35 2.24 -115 -55 -11 -9.84 -16 -77 -4.74
Total Gross Profit		 68 96 51 83 39 88 43 57 32 57 33
Total Revenue		 110 165 85 132 94 144 77 92 53 94 63
Operating Revenue		 110 165 85 132 94 144 77 92 53 94 63
Total Cost of Revenue		 42 69 35 49 55 56 35 36 21 37 30
Operating Cost of Revenue		 42 69 35 49 55 56 35 36 21 37 30
Total Operating Expenses		 70 337 57 80 155 143 53 66 48 134 38
Selling, General & Admin Expense		 58 86 51 74 64 84 41 50 40 52 33
Depreciation Expense		 7.05 7.01 6.28 6.41 6.57 6.45 6.89 6.39 5.82 6.57 4.11
Restructuring Charge		 4.32 - 0.00 0.00 84 - 5.84 10 1.94 75 0.31
Total Other Income / (Expense), net		 -1.78 -3.03 -3.33 -3.58 -3.06 -4.56 -4.99 -9.26 -7.30 -6.99 -7.35
Interest & Investment Income		 -2.77 -3.46 -3.11 -3.56 -3.68 -3.65 -5.57 -5.99 -7.56 -7.45 -7.49
Other Income / (Expense), net		 0.98 0.44 -0.22 -0.02 0.62 -0.91 0.58 -3.27 0.26 0.46 0.15
Income Tax Expense		 -6.19 -33 -3.20 2.69 -6.90 -1.56 2.94 1.68 -0.55 -0.65 -6.62
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.05 -87 -3.08 -0.93 -42 -21 -6.39 -7.30 -7.90 -23 0.00
Basic Earnings per Share		 $0.07 ($2.04) ($0.06) ($2.14) ($47.72) ($0.64) ($8.27) ($8.93) ($9.22) ($38.35) ($2.18)
Weighted Average Basic Shares Outstanding		 57.88M 60.50M 58.07M 1.46M 1.46M 58.39M 1.48M 1.51M 1.63M 1.58M 2.51M
Diluted Earnings per Share		 $0.07 ($2.04) ($0.06) ($2.14) ($47.72) ($0.64) ($8.27) ($8.93) ($9.22) ($38.35) ($2.18)
Weighted Average Diluted Shares Outstanding		 58.37M 60.50M 58.07M 1.46M 1.46M 58.39M 1.48M 1.51M 1.63M 1.58M 2.51M
Weighted Average Basic & Diluted Shares Outstanding		 90.85M 91.18M 91.27M 91.63M 91.67M 92.28M 92.31M 2.47M 2.48M 2.56M 2.56M

Annual Cash Flow Statements for Solo Brands

This table details how cash moves in and out of Solo Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -7.65 -1.81 -3.45 -7.86 8.05
Net Cash From Operating Activities		 -10 32 62 11 -47
Net Cash From Continuing Operating Activities		 -10 32 62 11 -47
Net Income / (Loss) Continuing Operations		 56 -7.62 -195 -180 -145
Consolidated Net Income / (Loss)		 56 -7.62 -195 -180 -145
Depreciation Expense		 18 25 27 27 29
Amortization Expense		 0.51 0.86 0.86 0.86 3.49
Non-Cash Adjustments To Reconcile Net Income		 9.25 57 258 169 100
Changes in Operating Assets and Liabilities, net		 -95 -43 -29 -6.26 -34
Net Cash From Investing Activities		 -144 -10 -53 -15 -12
Net Cash From Continuing Investing Activities		 -144 -10 -53 -15 -12
Purchase of Property, Plant & Equipment		 -11 -9.24 -9.09 -15 -12
Net Cash From Financing Activities		 146 -24 -13 -3.66 67
Net Cash From Continuing Financing Activities		 146 -24 -13 -3.66 67
Repayment of Debt		 -311 -61 -35 -79 -218
Payment of Dividends		 -35 -8.30 -11 -4.28 0.00
Issuance of Debt		 364 45 70 80 287
Issuance of Common Equity		 235 0.42 0.25 0.40 0.00
Other Financing Activities, net		 -100 -0.04 -0.65 -0.35 -2.95
Effect of Exchange Rate Changes		 0.01 -0.65 0.07 -0.21 0.16
Cash Interest Paid		 8.22 5.13 10 13 12
Cash Income Taxes Paid		 0.01 13 12 4.28 1.04

Quarterly Cash Flow Statements for Solo Brands

This table details how cash moves in and out of Solo Brands' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -44 3.29 -4.43 4.69 -7.61 -0.51 194 -188 -1.78 3.70 -3.58
Net Cash From Operating Activities		 -13 23 -19 16 0.38 13 -75 11 11 6.42 -16
Net Cash From Continuing Operating Activities		 -13 23 -19 16 0.38 13 -75 11 11 6.42 -16
Net Income / (Loss) Continuing Operations		 3.08 -211 -6.48 -4.04 -111 -58 -19 -21 -23 -83 -5.47
Consolidated Net Income / (Loss)		 3.08 -211 -6.48 -4.04 -111 -58 -19 -21 -23 -83 -5.47
Depreciation Expense		 7.24 7.22 6.50 6.63 6.82 6.69 7.14 6.66 6.13 8.62 5.23
Amortization Expense		 0.22 0.22 - 0.22 0.22 0.22 0.22 - - 1.43 1.47
Non-Cash Adjustments To Reconcile Net Income		 11 233 3.92 4.34 105 57 2.76 3.71 11 83 8.16
Changes in Operating Assets and Liabilities, net		 -34 -6.41 -22 8.53 -0.14 7.41 -67 22 15 -3.90 -25
Net Cash From Investing Activities		 -42 -2.13 -2.39 -2.84 -6.29 -3.00 -3.21 -3.21 -3.18 -2.46 -2.31
Net Cash From Continuing Investing Activities		 -42 -2.13 -2.39 -2.84 -6.29 -3.00 -3.21 -3.21 -3.18 -2.46 -2.31
Purchase of Property, Plant & Equipment		 -3.48 -2.15 -2.39 -2.84 -6.29 -3.00 -3.21 -3.21 -3.18 -2.46 -2.31
Net Cash From Financing Activities		 11 -18 16 -8.10 -1.43 -10 273 -196 -9.85 -0.23 15
Net Cash From Continuing Financing Activities		 11 -18 16 -8.10 -1.43 -10 273 -196 -9.85 -0.23 15
Repayment of Debt		 -1.25 -26 -1.25 -16 -11 -51 -4.30 -194 -10 -10 0.00
Issuance of Debt		 25 10 22 8.00 10 40 277 - - 10 15
Other Financing Activities, net		 -0.09 -0.60 -0.12 -0.03 -0.18 -0.02 -0.21 -2.66 0.15 -0.23 -0.10
Effect of Exchange Rate Changes		 -0.56 0.44 0.14 -0.05 -0.27 -0.03 -0.00 0.18 0.01 -0.03 -0.10

Annual Balance Sheets for Solo Brands

This table presents Solo Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 542 838 862 659 495 360
Total Current Assets		 52 159 195 196 172 140
Cash & Equivalents		 33 25 23 20 12 20
Accounts Receivable		 4.17 22 26 43 39 30
Inventories, net		 14 102 133 112 109 82
Prepaid Expenses		 0.33 9.89 13 22 12 8.77
Plant, Property, & Equipment, net		 0.98 11 15 26 24 13
Total Noncurrent Assets		 490 668 652 437 299 207
Goodwill		 289 411 383 170 73 73
Intangible Assets		 201 257 235 221 190 100
Other Noncurrent Operating Assets		 0.15 0.51 35 46 36 34
Total Liabilities & Shareholders' Equity		 542 838 862 659 495 360
Total Liabilities		 210 264 287 287 302 309
Total Current Liabilities		 137 47 67 89 122 47
Short-Term Debt		 100 3.13 5.00 6.25 8.63 1.80
Accounts Payable		 1.38 9.66 12 22 70 13
Accrued Expenses		 15 30 43 55 42 31
Current Deferred Revenue		 20 3.52 6.85 5.31 1.83 1.65
Total Noncurrent Liabilities		 73 217 220 198 180 262
Long-Term Debt		 73 125 108 143 142 240
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 91 83 17 6.80 6.74
Other Noncurrent Operating Liabilities		 0.13 0.73 29 38 31 15
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 332 574 575 372 193 51
Total Preferred & Common Equity		 332 361 363 241 134 46
Total Common Equity		 332 361 363 241 134 46
Common Stock		 340 350 358 357 364 377
Retained Earnings		 -8.32 11 5.75 -115 -229 -330
Treasury Stock		 - 0.00 -0.04 -0.53 -0.73 -1.09
Accumulated Other Comprehensive Income / (Loss)		 0.00 0.01 -0.50 -0.23 -0.43 -0.27
Noncontrolling Interest		 0.00 213 212 131 60 5.40

Quarterly Balance Sheets for Solo Brands

This table presents Solo Brands' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 897 840 881 899 648 642 553 692 460 431 363
Total Current Assets		 224 179 212 185 192 188 172 373 149 128 148
Cash & Equivalents		 17 26 61 17 15 20 12 206 18 16 16
Accounts Receivable		 22 17 24 31 39 37 38 53 32 16 39
Inventories, net		 166 125 114 114 112 101 107 103 84 85 83
Prepaid Expenses		 19 11 13 24 25 30 15 10 14 11 9.75
Plant, Property, & Equipment, net		 15 15 21 26 26 28 24 23 17 16 12
Total Noncurrent Assets		 659 646 649 688 430 426 357 297 294 287 203
Goodwill		 383 383 385 405 170 170 125 73 73 73 73
Intangible Assets		 240 230 230 241 216 212 194 185 181 177 98
Other Noncurrent Operating Assets		 37 34 34 42 44 45 38 38 40 37 32
Total Liabilities & Shareholders' Equity		 897 840 881 899 648 642 553 692 460 431 363
Total Liabilities		 346 265 298 313 286 282 303 518 304 297 316
Total Current Liabilities		 62 54 68 63 69 75 110 487 41 40 42
Short-Term Debt		 5.00 5.00 5.00 5.00 7.50 8.75 10 428 0.60 1.20 2.40
Accounts Payable		 22 8.83 14 12 24 24 61 23 9.95 11 7.53
Accrued Expenses		 31 37 46 42 34 39 37 35 29 27 30
Current Deferred Revenue		 3.41 3.70 3.73 3.97 2.45 2.85 1.74 1.54 1.45 1.20 1.77
Total Noncurrent Liabilities		 284 211 230 251 217 207 194 31 263 257 275
Long-Term Debt		 167 102 136 160 163 153 151 0.00 238 234 261
Noncurrent Deferred & Payable Income Tax Liabilities		 86 81 61 51 18 19 8.15 5.44 5.39 5.70 0.17
Other Noncurrent Operating Liabilities		 31 28 33 39 36 35 34 25 20 18 13
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 552 575 583 586 362 360 250 175 156 134 46
Total Preferred & Common Equity		 351 367 359 361 238 237 168 122 113 99 46
Total Common Equity		 351 367 359 361 238 237 168 122 113 99 46
Common Stock		 356 361 353 353 358 360 361 364 369 370 383
Retained Earnings		 -5.59 6.67 5.96 8.74 -119 -122 -192 -241 -254 -269 -335
Treasury Stock		 - -0.04 -0.49 -0.32 -0.65 -0.68 -0.71 -0.95 -0.95 -0.96 -1.19
Accumulated Other Comprehensive Income / (Loss)		 0.04 -0.43 -0.31 -0.74 -0.27 -0.31 -0.22 -0.43 -0.25 -0.25 -0.43
Noncontrolling Interest		 201 207 225 225 124 123 82 53 43 35 0.00

Annual Metrics And Ratios for Solo Brands

This table displays calculated financial ratios and metrics derived from Solo Brands' official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - 2,475,153.00
DEI Adjusted Shares Outstanding		 - - - - 2,475,153.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - -40.94
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 28.22% -4.41% -8.13% -30.35%
EBITDA Growth		 0.00% -71.27% -866.19% 23.23% 43.50%
EBIT Growth		 0.00% -100.51% -63,277.30% 20.59% 34.08%
NOPAT Growth		 0.00% -99.62% -62,696.15% 23.36% 35.01%
Net Income Growth		 0.00% -113.49% -2,463.41% 7.75% 19.29%
EPS Growth		 0.00% -147.06% -2,200.00% -5.43% 17.47%
Operating Cash Flow Growth		 0.00% 416.17% 92.69% -83.15% -543.11%
Free Cash Flow Firm Growth		 0.00% 0.00% -68.29% 1,105.94% -143.94%
Invested Capital Growth		 0.00% -1.79% -24.57% -33.81% -17.65%
Revenue Q/Q Growth		 0.00% 4.18% -6.06% -4.57% -13.52%
EBITDA Q/Q Growth		 0.00% 70.32% -360.62% 55.44% -25.78%
EBIT Q/Q Growth		 0.00% 96.47% -575.14% 51.26% -21.26%
NOPAT Q/Q Growth		 0.00% 103.98% -517.28% 51.52% -23.52%
Net Income Q/Q Growth		 0.00% 48.22% -657.49% 45.86% -20.71%
EPS Q/Q Growth		 0.00% 0.00% -597.30% 41.92% -34.42%
Operating Cash Flow Q/Q Growth		 0.00% 432.11% -41.60% -49.41% -16.41%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -62.43% -43.26% -13.83%
Invested Capital Q/Q Growth		 0.00% -5.86% -31.68% -16.71% -22.46%
Profitability Metrics		 - - - - -
Gross Margin		 64.13% 61.47% 61.07% 57.26% 59.41%
EBITDA Margin		 21.65% 4.85% -38.88% -32.48% -26.35%
Operating Margin		 17.06% 0.07% -46.05% -38.42% -35.85%
EBIT Margin		 17.01% -0.07% -44.58% -38.53% -36.47%
Profit (Net Income) Margin		 13.99% -1.47% -39.48% -39.64% -45.94%
Tax Burden Percent		 96.54% 115.12% 84.36% 95.26% 102.41%
Interest Burden Percent		 85.24% 1,902.01% 104.99% 108.00% 123.00%
Effective Tax Rate		 3.46% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 9.82% 0.04% -27.34% -29.32% -26.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.13% -8.12% -59.99% -72.56% -62.83%
Return on Net Nonoperating Assets (RNNOA)		 0.02% -1.36% -13.90% -34.39% -92.60%
Return on Equity (ROE)		 9.84% -1.33% -41.24% -63.71% -118.84%
Cash Return on Invested Capital (CROIC)		 0.00% 1.85% 0.67% 11.36% -6.88%
Operating Return on Assets (OROA)		 9.95% -0.04% -28.99% -30.34% -26.99%
Return on Assets (ROA)		 8.19% -0.90% -25.67% -31.22% -34.00%
Return on Common Equity (ROCE)		 7.52% -0.84% -26.33% -42.24% -87.26%
Return on Equity Simple (ROE_SIMPLE)		 15.65% -2.10% -80.96% -134.76% 0.00%
Net Operating Profit after Tax (NOPAT)		 66 0.25 -159 -122 -79
NOPAT Margin		 16.47% 0.05% -32.24% -26.89% -25.09%
Net Nonoperating Expense Percent (NNEP)		 9.69% 8.15% 32.65% 43.24% 36.59%
Return On Investment Capital (ROIC_SIMPLE)		 - - -30.58% -35.53% -27.07%
Cost of Revenue to Revenue		 35.87% 38.53% 38.93% 42.74% 40.59%
SG&A Expenses to Revenue		 42.56% 50.74% 51.43% 60.08% 57.61%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 47.07% 61.40% 107.12% 95.67% 95.26%
Earnings before Interest and Taxes (EBIT)		 69 -0.35 -221 -175 -115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 87 25 -192 -148 -83
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 4.19 0.98 2.32 0.78 0.33
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.75 0.69 1.13 0.23 0.05
Price to Earnings (P/E)		 141.54 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.71% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.70 0.99 1.63 0.91 0.89
Enterprise Value to Revenue (EV/Rev)		 4.53 1.27 1.66 0.67 0.77
Enterprise Value to EBITDA (EV/EBITDA)		 20.94 26.20 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 26.65 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 27.52 2,581.15 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 20.30 13.14 28.80 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 53.10 208.77 6.39 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.22 0.20 0.40 0.78 4.71
Long-Term Debt to Equity		 0.22 0.19 0.38 0.73 4.67
Financial Leverage		 0.18 0.17 0.23 0.47 1.47
Leverage Ratio		 1.52 1.48 1.61 2.04 3.49
Compound Leverage Factor		 1.30 28.14 1.69 2.20 4.30
Debt to Total Capital		 18.25% 16.47% 28.62% 43.80% 82.49%
Short-Term Debt to Total Capital		 0.45% 0.73% 1.20% 2.51% 0.61%
Long-Term Debt to Total Capital		 17.80% 15.74% 27.42% 41.29% 81.87%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 30.37% 30.73% 25.12% 17.34% 1.84%
Common Equity to Total Capital		 51.38% 52.79% 46.26% 38.87% 15.68%
Debt to EBITDA		 1.47 4.52 -0.78 -1.02 -2.90
Net Debt to EBITDA		 1.18 3.59 -0.67 -0.94 -2.66
Long-Term Debt to EBITDA		 1.43 4.32 -0.74 -0.96 -2.88
Debt to NOPAT		 1.93 444.99 -0.94 -1.23 -3.05
Net Debt to NOPAT		 1.55 353.57 -0.81 -1.13 -2.80
Long-Term Debt to NOPAT		 1.88 425.37 -0.90 -1.16 -3.02
Altman Z-Score		 4.38 1.53 0.77 -0.57 -1.12
Noncontrolling Interest Sharing Ratio		 23.54% 36.97% 36.16% 33.71% 26.57%
Liquidity Ratios		 - - - - -
Current Ratio		 3.41 2.91 2.21 1.42 2.96
Quick Ratio		 1.00 0.74 0.71 0.42 1.05
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 12 3.93 47 -21
Operating Cash Flow to CapEx		 -96.83% 350.56% 686.50% 72.47% -386.77%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.59 0.61 0.65 0.79 0.74
Accounts Receivable Turnover		 31.44 21.71 14.36 11.06 9.15
Inventory Turnover		 2.48 1.70 1.58 1.76 1.35
Fixed Asset Turnover		 69.71 40.17 23.95 18.05 16.93
Accounts Payable Turnover		 26.24 18.60 11.46 4.25 3.11
Days Sales Outstanding (DSO)		 11.61 16.81 25.41 32.99 39.89
Days Inventory Outstanding (DIO)		 147.05 215.32 231.75 206.83 270.16
Days Payable Outstanding (DPO)		 13.91 19.62 31.86 85.90 117.41
Cash Conversion Cycle (CCC)		 144.75 212.52 225.30 153.92 192.64
Capital & Investment Metrics		 - - - - -
Invested Capital		 677 665 502 332 273
Invested Capital Turnover		 0.60 0.77 0.85 1.09 1.05
Increase / (Decrease) in Invested Capital		 0.00 -12 -163 -170 -59
Enterprise Value (EV)		 1,830 658 820 303 242
Market Capitalization		 1,513 356 560 105 15
Book Value per Share		 $3.73 $3.80 $2.66 $1.46 $18.59
Tangible Book Value per Share		 ($3.17) ($2.65) ($1.64) ($1.41) ($51.37)
Total Capital		 702 688 522 344 293
Total Debt		 128 113 149 151 242
Total Long-Term Debt		 125 108 143 142 240
Net Debt		 103 90 129 139 222
Capital Expenditures (CapEx)		 11 9.24 9.09 15 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 90 110 94 47 75
Debt-free Net Working Capital (DFNWC)		 115 133 114 59 95
Net Working Capital (NWC)		 112 128 108 51 93
Net Nonoperating Expense (NNE)		 9.99 7.87 36 58 66
Net Nonoperating Obligations (NNO)		 103 90 129 139 222
Total Depreciation and Amortization (D&A)		 19 25 28 27 32
Debt-free, Cash-free Net Working Capital to Revenue		 22.36% 21.21% 18.98% 10.37% 23.57%
Debt-free Net Working Capital to Revenue		 28.58% 25.71% 22.99% 13.01% 29.90%
Net Working Capital to Revenue		 27.81% 24.75% 21.73% 11.11% 29.33%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.17 ($0.08) ($1.84) ($1.94) ($64.09)
Adjusted Weighted Average Basic Shares Outstanding		 63.01M 63.46M 60.50M 58.39M 1.58M
Adjusted Diluted Earnings per Share		 $0.17 ($0.08) ($1.84) ($1.94) ($64.09)
Adjusted Weighted Average Diluted Shares Outstanding		 63.01M 63.46M 60.50M 58.39M 1.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 94.62M 96.03M 91.18M 92.28M 2.56M
Normalized Net Operating Profit after Tax (NOPAT)		 66 22 15 -27 -14
Normalized NOPAT Margin		 16.47% 4.19% 2.99% -5.93% -4.42%
Pre Tax Income Margin		 14.50% -1.28% -46.80% -41.61% -44.86%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 62.69% -108.98% -5.38% -2.38% 0.00%
Augmented Payout Ratio		 72.60% -108.98% -24.30% -2.38% 0.00%

Quarterly Metrics And Ratios for Solo Brands

This table displays calculated financial ratios and metrics derived from Solo Brands' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - 92,305,920.00 2,474,672.00 2,475,153.00 2,562,567.00
DEI Adjusted Shares Outstanding		 - - - - - - - 2,307,648.00 2,474,672.00 2,475,153.00 2,562,567.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - -5.84 -6.07 -24.50 -2.13
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.99% -16.19% -3.27% 0.48% -14.67% -13.18% -9.46% -29.87% -43.66% -34.49% -18.60%
EBITDA Growth		 93.97% -800.87% -100.75% -61.21% -1,613.67% 78.87% -3,751.32% -172.76% 90.92% -34.74% 177.99%
EBIT Growth		 89.30% -1,002.94% -286.20% -86.64% -33,428.36% 76.65% -53.10% -690.18% 86.11% -36.07% 54.40%
NOPAT Growth		 59.67% -879.25% -285.38% -82.62% -8,600.83% 77.07% -67.55% -539.06% 85.97% -39.13% 55.49%
Net Income Growth		 176.69% -1,180.90% -794.96% -135.06% -3,715.08% 72.39% -186.51% -414.42% 79.43% -42.85% 70.58%
EPS Growth		 333.33% -1,300.00% -700.00% -141.67% -1,800.00% 68.63% -250.00% -414.42% 80.68% -51.40% 73.64%
Operating Cash Flow Growth		 46.06% -65.66% -226.01% -57.73% 102.99% -44.16% -305.83% -30.28% 2,872.75% -50.59% 78.63%
Free Cash Flow Firm Growth		 -146.58% -115.19% 174.09% 542.35% 988.37% 2,652.94% -15.55% -27.36% -86.39% -96.30% -12.78%
Invested Capital Growth		 3.93% -24.57% -21.19% -24.41% -45.71% -33.81% -23.42% -25.05% -11.55% -17.65% -25.86%
Revenue Q/Q Growth		 -15.74% 49.85% -48.39% 54.18% -28.44% 52.47% -46.18% 19.42% -42.51% 77.30% -33.13%
EBITDA Q/Q Growth		 -69.57% -3,375.40% 99.97% 6,421.58% -1,287.39% 54.27% 94.05% -119.99% -52.10% -577.17% 103.19%
EBIT Q/Q Growth		 -102.06% -70,178.66% 97.27% 133.77% -5,265.18% 51.05% 82.07% -30.20% -21.52% -379.64% 93.99%
NOPAT Q/Q Growth		 -110.28% -18,072.75% 97.36% 135.26% -5,246.70% 52.10% 80.73% 7.59% -64.48% -374.92% 93.83%
Net Income Q/Q Growth		 -73.22% -6,939.51% 96.93% 37.74% -2,660.79% 47.76% 68.09% -11.79% -10.40% -262.76% 93.43%
EPS Q/Q Growth		 -41.67% -3,014.29% 97.06% 16.67% -2,280.00% 46.22% 67.19% -11.79% -3.25% -315.94% 94.32%
Operating Cash Flow Q/Q Growth		 -134.05% 284.14% -179.66% 184.63% -97.59% 3,335.71% -678.95% 114.54% 2.79% -42.89% -350.43%
Free Cash Flow Firm Q/Q Growth		 -212.67% 82.13% 2,724.00% 21.55% 55.82% -48.63% -13.20% 4.55% -70.80% -86.04% 1,946.89%
Invested Capital Q/Q Growth		 10.61% -31.68% 3.10% -2.98% -20.56% -16.71% 19.29% -5.05% -6.24% -22.46% 7.40%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 61.87% 58.32% 59.24% 62.82% 41.77% 61.14% 55.15% 61.35% 60.04% 60.65% 52.33%
EBITDA Margin		 6.45% -140.89% -0.09% 6.89% -114.34% -34.29% -3.79% -6.98% -18.47% -70.53% 3.36%
Operating Margin		 -1.20% -145.65% -7.44% 1.70% -122.46% -38.47% -13.78% -10.66% -30.50% -81.70% -7.53%
EBIT Margin		 -0.31% -145.39% -7.70% 1.69% -121.81% -39.10% -13.03% -14.20% -30.02% -81.21% -7.30%
Profit (Net Income) Margin		 2.79% -127.55% -7.60% -3.07% -118.39% -40.56% -24.05% -22.51% -43.23% -88.44% -8.69%
Tax Burden Percent		 -99.20% 86.48% 66.99% 300.60% 94.17% 97.39% 118.83% 108.78% 97.65% 99.23% 45.24%
Interest Burden Percent		 908.77% 101.44% 147.25% -60.50% 103.21% 106.51% 155.35% 145.71% 147.46% 109.75% 263.28%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -0.61% -86.47% -4.37% 1.01% -72.08% -29.36% -9.43% -6.92% -20.81% -59.80% -4.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.03% -125.02% -6.09% -4.02% -92.77% -43.96% -15.34% -14.59% -27.12% -76.10% -5.54%
Return on Net Nonoperating Assets (RNNOA)		 0.54% -28.97% -1.54% -0.95% -33.01% -20.84% -10.75% -10.25% -25.97% -112.16% -11.75%
Return on Equity (ROE)		 -0.07% -115.44% -5.91% 0.06% -105.10% -50.20% -20.18% -17.17% -46.77% -171.96% -16.37%
Cash Return on Invested Capital (CROIC)		 1.45% 0.67% -4.63% -1.77% 14.74% 11.36% -0.90% -1.82% -4.87% -6.88% 7.87%
Operating Return on Assets (OROA)		 -0.18% -94.55% -5.09% 1.09% -79.91% -30.79% -8.68% -10.50% -22.33% -60.11% -4.18%
Return on Assets (ROA)		 1.64% -82.95% -5.02% -1.98% -77.67% -31.94% -16.02% -16.64% -32.15% -65.47% -4.98%
Return on Common Equity (ROCE)		 -0.05% -73.69% -3.82% 0.04% -66.48% -33.28% -13.53% -11.65% -32.55% -126.26% -12.45%
Return on Equity Simple (ROE_SIMPLE)		 9.72% 0.00% -85.03% -92.21% -198.11% 0.00% -158.04% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.93 -169 -4.45 1.57 -81 -39 -7.45 -6.88 -11 -54 -3.32
NOPAT Margin		 -0.84% -101.96% -5.21% 1.19% -85.72% -26.93% -9.64% -7.46% -21.35% -57.19% -5.27%
Net Nonoperating Expense Percent (NNEP)		 -2.64% 38.55% 1.72% 5.03% 20.68% 14.59% 5.91% 7.66% 6.31% 16.29% 0.92%
Return On Investment Capital (ROIC_SIMPLE)		 - -32.32% -0.83% - - -11.24% -1.24% -1.75% -3.07% -18.33% -1.07%
Cost of Revenue to Revenue		 38.13% 41.68% 40.76% 37.18% 58.23% 38.86% 44.85% 38.65% 39.96% 39.35% 47.67%
SG&A Expenses to Revenue		 52.77% 51.75% 59.33% 56.25% 68.42% 58.56% 52.45% 53.97% 75.91% 55.11% 52.84%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 63.07% 203.98% 66.68% 61.12% 164.23% 99.61% 68.93% 72.01% 90.54% 142.35% 59.86%
Earnings before Interest and Taxes (EBIT)		 -0.34 -240 -6.57 2.22 -115 -56 -10 -13 -16 -76 -4.59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 7.11 -233 -0.08 9.07 -108 -49 -2.93 -6.44 -9.79 -66 2.12
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.28 2.32 0.83 0.88 0.77 0.78 0.13 0.24 0.38 0.33 0.21
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.88 1.13 0.40 0.42 0.27 0.23 0.03 0.07 0.10 0.05 0.03
Price to Earnings (P/E)		 19.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 5.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.14 1.63 0.92 0.94 0.90 0.91 0.73 0.77 0.83 0.89 0.88
Enterprise Value to Revenue (EV/Rev)		 1.59 1.66 0.97 0.96 0.76 0.67 0.65 0.71 0.79 0.77 0.85
Enterprise Value to EBITDA (EV/EBITDA)		 11.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 17.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 21.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.81 13.14 16.33 60.82 17.31 28.80 0.00 0.00 0.00 0.00 20.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 79.88 208.77 0.00 0.00 4.31 6.39 0.00 0.00 0.00 0.00 9.47
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.28 0.40 0.47 0.45 0.64 0.78 2.45 1.53 1.76 4.71 5.70
Long-Term Debt to Equity		 0.27 0.38 0.45 0.43 0.60 0.73 0.00 1.53 1.75 4.67 5.65
Financial Leverage		 0.27 0.23 0.25 0.24 0.36 0.47 0.70 0.70 0.96 1.47 2.12
Leverage Ratio		 1.58 1.61 1.59 1.62 1.74 2.04 2.50 2.14 2.56 3.49 4.78
Compound Leverage Factor		 14.35 1.63 2.34 -0.98 1.79 2.17 3.88 3.11 3.78 3.84 12.57
Debt to Total Capital		 22.01% 28.62% 31.96% 31.07% 39.19% 43.80% 71.02% 60.46% 63.74% 82.49% 85.07%
Short-Term Debt to Total Capital		 0.67% 1.20% 1.41% 1.68% 2.43% 2.51% 71.02% 0.15% 0.33% 0.61% 0.77%
Long-Term Debt to Total Capital		 21.35% 27.42% 30.55% 29.40% 36.76% 41.29% 0.00% 60.31% 63.41% 81.87% 84.30%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 29.97% 25.12% 23.28% 23.57% 19.95% 17.34% 8.79% 10.83% 9.40% 1.84% 0.00%
Common Equity to Total Capital		 48.02% 46.26% 44.77% 45.36% 40.86% 38.87% 20.19% 28.71% 26.87% 15.68% 14.93%
Debt to EBITDA		 2.24 -0.78 -0.84 -0.75 -0.49 -1.02 -2.83 -1.43 -3.55 -2.90 -3.36
Net Debt to EBITDA		 2.02 -0.67 -0.76 -0.66 -0.45 -0.94 -1.46 -1.32 -3.30 -2.66 -3.15
Long-Term Debt to EBITDA		 2.17 -0.74 -0.80 -0.71 -0.46 -0.96 0.00 -1.43 -3.53 -2.88 -3.33
Debt to NOPAT		 4.32 -0.94 -1.02 -0.94 -0.64 -1.23 -3.42 -1.78 -3.66 -3.05 -3.50
Net Debt to NOPAT		 3.89 -0.81 -0.93 -0.82 -0.59 -1.13 -1.77 -1.65 -3.40 -2.80 -3.29
Long-Term Debt to NOPAT		 4.19 -0.90 -0.98 -0.89 -0.60 -1.16 0.00 -1.78 -3.64 -3.02 -3.47
Altman Z-Score		 1.65 0.67 1.11 1.16 0.08 0.23 -0.07 0.35 0.17 -0.76 -0.13
Noncontrolling Interest Sharing Ratio		 37.47% 36.16% 35.36% 36.86% 36.75% 33.71% 32.95% 32.14% 30.40% 26.57% 23.97%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.95 2.21 2.80 2.49 1.57 1.42 0.77 3.62 3.20 2.96 3.55
Quick Ratio		 0.75 0.71 0.79 0.76 0.46 0.42 0.53 1.22 0.80 1.05 1.33
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -29 -5.13 135 164 255 131 114 119 35 4.84 99
Operating Cash Flow to CapEx		 -363.27% 1,081.81% -776.16% 552.47% 6.01% 432.90% -2,344.50% 340.88% 353.81% 260.96% -696.27%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.59 0.65 0.66 0.65 0.66 0.79 0.67 0.74 0.74 0.74 0.57
Accounts Receivable Turnover		 20.03 14.36 17.50 16.19 13.80 11.06 9.72 11.81 13.52 9.15 6.60
Inventory Turnover		 1.45 1.58 1.63 1.82 1.88 1.76 1.80 1.96 1.54 1.35 1.33
Fixed Asset Turnover		 25.93 23.95 23.51 20.27 18.96 18.05 18.01 18.11 18.30 16.93 17.03
Accounts Payable Turnover		 12.05 11.46 11.68 10.16 5.72 4.25 8.20 10.52 4.11 3.11 8.10
Days Sales Outstanding (DSO)		 18.23 25.41 20.86 22.55 26.44 32.99 37.56 30.91 26.99 39.89 55.26
Days Inventory Outstanding (DIO)		 251.57 231.75 223.73 201.04 194.35 206.83 202.47 186.55 237.47 270.16 274.05
Days Payable Outstanding (DPO)		 30.30 31.86 31.26 35.93 63.86 85.90 44.51 34.70 88.86 117.41 45.04
Cash Conversion Cycle (CCC)		 239.49 225.30 213.34 187.66 156.93 153.92 195.52 182.75 175.60 192.64 284.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 734 502 517 502 399 332 396 376 353 273 294
Invested Capital Turnover		 0.73 0.85 0.84 0.85 0.84 1.09 0.98 0.93 0.97 1.05 0.88
Increase / (Decrease) in Invested Capital		 28 -163 -139 -162 -336 -170 -121 -126 -46 -59 -102
Enterprise Value (EV)		 835 820 477 473 360 303 290 291 291 242 257
Market Capitalization		 461 560 198 208 129 105 15 28 37 15 9.64
Book Value per Share		 $3.99 $2.66 $2.62 $4.06 $1.83 $1.46 $1.32 $1.23 $40.06 $18.59 $18.07
Tangible Book Value per Share		 ($3.15) ($1.64) ($1.62) ($2.48) ($1.64) ($1.41) ($1.48) ($1.53) ($61.10) ($51.37) ($48.56)
Total Capital		 751 522 533 522 411 344 603 394 369 293 310
Total Debt		 165 149 170 162 161 151 428 238 235 242 264
Total Long-Term Debt		 160 143 163 153 151 142 0.00 238 234 240 261
Net Debt		 149 129 155 142 149 139 221 220 219 222 247
Capital Expenditures (CapEx)		 3.48 2.15 2.39 2.84 6.29 3.00 3.21 3.21 3.18 2.46 2.31
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 111 94 115 101 60 47 107 90 73 75 92
Debt-free Net Working Capital (DFNWC)		 127 114 131 121 73 59 314 108 89 95 109
Net Working Capital (NWC)		 122 108 123 112 63 51 -114 108 88 93 106
Net Nonoperating Expense (NNE)		 -4.01 42 2.04 5.61 31 20 11 14 12 29 2.15
Net Nonoperating Obligations (NNO)		 149 129 155 142 149 139 221 220 219 222 247
Total Depreciation and Amortization (D&A)		 7.45 7.44 6.50 6.85 7.03 6.91 7.14 6.66 6.13 10 6.70
Debt-free, Cash-free Net Working Capital to Revenue		 21.00% 18.98% 23.43% 20.49% 12.66% 10.37% 24.00% 22.10% 19.95% 23.57% 30.47%
Debt-free Net Working Capital to Revenue		 24.14% 22.99% 26.56% 24.58% 15.28% 13.01% 70.22% 26.55% 24.42% 29.90% 35.92%
Net Working Capital to Revenue		 23.19% 21.73% 25.04% 22.80% 13.18% 11.11% -25.61% 26.41% 24.09% 29.33% 35.13%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.07 ($2.04) ($0.06) ($0.05) ($1.19) ($0.64) ($0.21) ($8.93) ($9.22) ($38.35) ($2.18)
Adjusted Weighted Average Basic Shares Outstanding		 57.88M 60.50M 58.07M 58.29M 58.55M 58.39M 58.99M 1.51M 1.63M 1.58M 2.51M
Adjusted Diluted Earnings per Share		 $0.07 ($2.04) ($0.06) ($0.05) ($1.19) ($0.64) ($0.21) ($8.93) ($9.22) ($38.35) ($2.18)
Adjusted Weighted Average Diluted Shares Outstanding		 58.37M 60.50M 58.07M 58.29M 58.55M 58.39M 58.99M 1.51M 1.63M 1.58M 2.51M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($38.35) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 90.85M 91.18M 91.27M 91.63M 91.67M 92.28M 92.31M 2.47M 2.48M 2.56M 2.56M
Normalized Net Operating Profit after Tax (NOPAT)		 2.09 -169 -4.45 1.57 -22 -39 -3.36 0.29 -9.97 -0.95 -3.10
Normalized NOPAT Margin		 1.90% -101.96% -5.21% 1.19% -23.55% -26.93% -4.35% 0.32% -18.79% -1.01% -4.93%
Pre Tax Income Margin		 -2.82% -147.48% -11.34% -1.02% -125.72% -41.65% -20.24% -20.69% -44.27% -89.13% -19.21%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 28.46% -5.38% -5.17% -4.50% -1.76% -2.38% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 133.94% -24.30% -5.17% -8.39% -1.76% -2.38% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Solo Brands (NYSE:SBDS) enters 2025 with a much stronger liquidity position than it had a year ago, but the business is still dealing with heavy losses, a large debt load, and a balance sheet that relies more on borrowing than on operating cash flow.

  • Cash and equivalents rose sharply to $206.4 million at Q1 2025 from $12.5 million in Q3 2024, reflecting a major liquidity improvement.
  • The company ended Q1 2025 with no long-term debt, down from $151.1 million in Q3 2024.
  • Operating cash flow improved sequentially from a $75.2 million outflow in Q1 2025 to positive operating cash flow in prior quarters, showing the business can still generate cash in stronger periods.
  • Revenue in Q1 2025 was $77.3 million, with gross profit of $42.6 million, indicating the company still has a meaningful gross margin base.
  • Inventories remain elevated at $103.1 million, which suggests working capital remains tied up in stock.
  • Goodwill and intangible assets are still large at $258.5 million combined, so the balance sheet carries significant acquisition-related asset value that could be at risk if performance weakens.
  • Common equity remains positive at $121.7 million, helped by the refinancing and restructuring activity over the past year.
  • Q1 2025 produced a $18.6 million net loss, or -$0.21 per share, so profitability remains elusive.
  • Operating loss widened to $10.6 million in Q1 2025, compared with a loss of $6.4 million in Q1 2024, despite a lower revenue base.
  • Operating expenses were still very high at $53.2 million in Q1 2025, almost fully consuming gross profit.
  • The company’s current liabilities of $487.0 million remain very large relative to current assets of $372.6 million, pointing to a still-stretched short-term balance sheet.
  • Solo Brands has posted large losses across the last several quarters, including a $210.9 million loss in Q4 2023 and a $58.2 million loss in Q4 2024, underscoring a volatile and pressured earnings profile.

Bottom line: Solo Brands has dramatically improved its cash position and eliminated long-term debt, which are clear positives. But investors should not ignore the underlying business trend: revenue has been uneven, losses remain significant, and the company is still carrying a heavy liability structure. The next key question is whether the recent liquidity reset can translate into sustained operating profitability.

07/17/26 06:07 PM ETAI Generated. May Contain Errors.

Solo Brands Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Solo Brands' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Solo Brands' net income appears to be on an upward trend, with a most recent value of -$145.44 million in 2025, falling from $56.50 million in 2021. The previous period was -$180.19 million in 2024. Find out what analysts predict for Solo Brands in the coming months.

Solo Brands' total operating income in 2025 was -$113.48 million, based on the following breakdown:
  • Total Gross Profit: $188.08 million
  • Total Operating Expenses: $301.56 million

Over the last 4 years, Solo Brands' total revenue changed from $403.72 million in 2021 to $316.58 million in 2025, a change of -21.6%.

Solo Brands' total liabilities were at $308.94 million at the end of 2025, a 2.4% increase from 2024, and a 46.9% increase since 2020.

In the past 5 years, Solo Brands' cash and equivalents has ranged from $11.98 million in 2024 to $32.75 million in 2020, and is currently $20.03 million as of their latest financial filing in 2025.

Over the last 4 years, Solo Brands' book value per share changed from 3.73 in 2021 to 18.59 in 2025, a change of 398.6%.


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Financial statements for NYSE:SBDS last updated on 7/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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