DTC · Solo Brands, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $316.58M | $454.55M | $494.78M | $517.63M | $403.72M |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | $188.08M | $260.26M | $302.15M | $318.18M | $258.91M |
| R&D | $800.0K | $1.70M | $700.0K | $300.0K | - |
| SG&A | $176.25M | $262.17M | $249.43M | $259.05M | $159.52M |
| Total Operating Expenses | $301.56M | $434.88M | $530.00M | $317.81M | $190.04M |
| D&A | $25.67M | $25.70M | $26.59M | $24.59M | $18.23M |
| Operating Income | ($113.48M) | ($174.62M) | ($227.85M) | $364.0K | $68.86M |
| Interest Expense | $12.59M | - | - | - | - |
| Income Tax | $3.42M | ($8.96M) | ($36.23M) | $1.00M | $2.02M |
| Net Income | ($101.32M) | ($113.36M) | ($111.35M) | ($4.95M) | $10.69M |
| EPS - Basic | ($64.09) | ($1.94) | ($1.84) | ($0.08) | $0.17 |
| EPS - Diluted | ($64.09) | ($1.94) | ($1.84) | ($0.08) | $0.17 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $20.03M | $11.98M | $19.84M | $23.29M | $25.10M |
| Accounts Receivable | $29.76M | $39.44M | $42.73M | $26.18M | $21.51M |
| Inventory | $81.65M | $108.58M | $111.61M | $132.99M | $102.33M |
| Accounts Payable | $13.07M | $69.60M | $21.85M | $11.78M | $11.77M |
| Current Assets | $140.21M | $172.22M | $196.07M | $195.10M | $158.84M |
| Total Assets | $360.34M | $495.06M | $659.32M | $862.35M | $837.74M |
| Current Liabilities | $47.37M | $121.71M | $88.56M | $67.01M | $46.57M |
| Long-term Debt | $240.27M | $142.06M | $142.99M | $108.38M | $125.02M |
| Total Liabilities | - | - | - | - | - |
| Stockholders' Equity | $46.00M | $133.71M | $241.26M | $363.43M | $360.88M |
| Retained Earnings | ($329.96M) | ($228.81M) | ($115.46M) | $5.75M | $10.69M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($46.60M) | $10.52M | $62.42M | $32.40M | ($10.25M) |
| Investing Cash Flow | ($12.05M) | ($14.51M) | ($53.08M) | ($10.02M) | ($143.89M) |
| Financing Cash Flow | $66.55M | ($3.66M) | ($12.87M) | ($23.54M) | $146.48M |
| CapEx | $4.60M | $14.51M | $9.09M | $9.24M | $10.64M |
| Free Cash Flow | ($51.20M) | ($4.00M) | $53.33M | $23.15M | ($20.89M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 59.4% | 57.3% | 61.1% | 61.5% | 64.1% |
| Operating margin | -35.8% | -38.4% | -46.1% | 0.1% | 17.1% |
| EBITDA margin | -27.7% | -32.8% | -40.7% | 4.8% | 21.6% |
| Net margin | -32.0% | -24.9% | -22.5% | -1.0% | 2.6% |
| Free cash flow margin | -16.2% | -0.9% | 10.8% | 4.5% | -5.2% |
| FCF / Net income | 0.51 | 0.04 | -0.48 | -4.68 | -1.95 |
| R&D / Revenue | 0.3% | 0.4% | 0.1% | 0.1% | - |
| SG&A / Revenue | 55.7% | 57.7% | 50.4% | 50.0% | 39.5% |
| Effective tax rate | - | - | - | - | 15.9% |
| Return on assets | -28.1% | -22.9% | -16.9% | -0.6% | 1.3% |
| Return on equity | -220.2% | -84.8% | -46.2% | -1.4% | 3.0% |
| Return on invested capital | -31.3% | -50.0% | -46.8% | 0.1% | 11.9% |
| Liquidity | |||||
| Current ratio | 2.96 | 1.41 | 2.21 | 2.91 | 3.41 |
| Quick ratio | 1.24 | 0.52 | 0.95 | 0.93 | 1.21 |
| Cash ratio | 0.42 | 0.10 | 0.22 | 0.35 | 0.54 |
| Leverage | |||||
| Debt / Equity | 5.22 | 1.06 | 0.59 | 0.30 | 0.35 |
| Debt / Assets | 0.67 | 0.29 | 0.22 | 0.13 | 0.15 |
| Debt / EBITDA | - | - | - | 4.34 | 1.44 |
| Interest coverage | -9.0x | - | - | - | - |
| Equity multiplier | 7.83 | 3.70 | 2.73 | 2.37 | 2.32 |
| Liabilities / Assets | - | - | - | - | - |
| Efficiency | |||||
| Asset turnover | 0.88 | 0.92 | 0.75 | 0.60 | 0.48 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 34d | 32d | 32d | 18d | 19d |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | -30.4% | -8.1% | -4.4% | 28.2% | - |
| Revenue CAGR (3y) | -15.1% | 4.0% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -27.7% | -13.9% | -5.0% | 22.9% | - |
| Operating income growth (YoY) | 35.0% | 23.4% | - | -99.5% | - |
| Net income growth (YoY) | 10.6% | -1.8% | -2151.7% | - | - |
| EPS growth (YoY) | -3203.6% | -5.4% | -2200.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -1181.7% | - | 130.3% | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -65.6% | -44.6% | -33.6% | 0.7% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$316.58M totalSolo Stove Holdings LLC$167.22M · 52.8%
Chubbies$122.94M · 38.8%
Corporate And Other$26.42M · 8.3%
Product / service
$316.58M totalFire Pits Stoves And Accessories$167.22M · 52.8%
Apparel$122.94M · 38.8%
Product And Service Other$26.42M · 8.3%
Geographic
$316.58M totalUS$294.28M · 93.0%
Non Us$22.30M · 7.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Sporting & Athletic Goods, NEC
Comparing Solo Brands against the 5 most active filers in the same SIC group.