Logo

SBDS

Solo Brands, Inc.

SBDS

Solo Brands, Inc. • NYSE
$8.42 ▲ 0.30% (+0.02)
Market Cap $13.88 M
52w High $50.40
52w Low $0.76
Dividend Yield 0%
P/E -0.16
Volume 3.92K
Outstanding Shares 1.65M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $53.038M ▼ $46.083M ▼ $-15.026M ▼ -28.331% ▼ $-9.22 ▼ $-9.794M ▼
Q2-2025 $92.257M ▲ $66.434M ▲ $-13.468M ▼ -14.598% ▲ $-9.13 ▼ $-6.439M ▼
Q1-2025 $77.252M ▼ $53.248M ▼ $-12.192M ▲ -15.782% ▲ $-8.27 ▲ $-2.927M ▲
Q4-2024 $143.537M ▲ $142.984M ▼ $-36.979M ▲ -25.763% ▲ $-25.22 ▲ $-49.436M ▲
Q3-2024 $94.139M $154.605M $-69.864M -74.214% $-47.73 $-107.852M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $16.334M ▼ $431.045M ▼ $297.239M ▼ $99.137M ▼
Q2-2025 $18.118M ▼ $459.7M ▼ $303.84M ▼ $113.184M ▼
Q1-2025 $206.394M ▲ $692.399M ▲ $517.777M ▲ $121.666M ▼
Q4-2024 $11.98M ▼ $495.06M ▼ $301.703M ▼ $133.712M ▼
Q3-2024 $12.494M $553.226M $303.206M $168.009M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-15.026M ▼ $11.237M ▲ $-3.176M ▲ $-9.852M ▲ $-1.784M ▲ $9.577M ▼
Q2-2025 $-13.468M ▲ $10.932M ▲ $-3.207M $-196.184M ▼ $-188.276M ▼ $11.199M ▲
Q1-2025 $-18.577M ▲ $-75.188M ▼ $-3.207M ▼ $272.811M ▲ $194.414M ▲ $-78.395M ▼
Q4-2024 $-58.218M ▲ $12.987M ▲ $-3M ▲ $-10.469M ▼ $-514K ▲ $9.987M ▲
Q3-2024 $-111.453M $378K $-6.287M $-1.429M $-7.606M $-5.909M

Five-Year Company Overview

Income Statement

Income Statement Revenue has plateaued and even slipped a bit after an earlier growth phase, suggesting the business moved from rapid expansion into a more mature, slower‑growing or even slightly shrinking phase. The good news is that gross margins remain healthy, which means the core products still create solid value versus their cost to make. The challenge is below the gross profit line: operating profit has swung from a small profit a few years ago to consistent losses, and net income has been negative for the last couple of years. That points to overhead, marketing, and restructuring or transformation costs weighing heavily on the business. In short, Solo Brands is selling appealing, high‑margin products, but it is currently spending too much to run, market, and transform the company, resulting in ongoing losses.

Balance Sheet

Balance Sheet The balance sheet shows a company that has been gradually shrinking in size and financial cushion. Total assets have come down from earlier levels, and equity has eroded over the last couple of years as losses accumulated. Debt has stayed fairly steady, which means leverage has effectively crept up as the equity base shrank. Cash on hand is quite modest, so there is not a large liquidity buffer if conditions worsen. Overall, the balance sheet is functional but clearly less robust than it was a few years ago, leaving less room for big missteps and increasing the importance of returning to profitability and preserving cash.

Cash Flow

Cash Flow Cash generation is better than the income statement alone might suggest, but it is thin and trending in the wrong direction. Operating cash flow has been positive for the past few years, helped by relatively low investment needs and working‑capital management, but it has weakened recently. Free cash flow has also been positive but modest, indicating the business is capital‑light but does not have a wide cash cushion to fund aggressive growth or lengthy experimentation. The company appears able to fund its basic needs from operations, yet has limited room for prolonged cash burn, making execution on cost controls and profitable growth especially important.

Competitive Edge

Competitive Edge Solo Brands operates in a niche of premium outdoor and lifestyle products, where differentiation matters and brand identity is powerful. Its portfolio — smokeless fire pits, foldable kayaks, advanced inflatable boards, and distinctive apparel — stands out in terms of design and branding. Patents around smokeless fire pits and folding kayaks provide some legal protection, while strong communities around brands like Solo Stove and Chubbies add an emotional moat that is harder for rivals to copy quickly. The direct‑to‑consumer focus gives rich customer data and control over the brand experience, and wholesale partnerships broaden reach. On the risk side, this is still a discretionary, trend‑driven category with strong competition from both copycats and well‑known outdoor brands, and the shift between DTC and wholesale can put pressure on margins if not managed carefully.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. The company’s main brands are built on tangible product innovations — smokeless combustion technology, origami‑style kayaks, modular paddle boards, and differentiated materials — rather than just clever marketing. This is reinforced by an emphasis on product roadmaps and a multi‑year pipeline under new leadership, with efforts to extend core technologies into adjacent categories like outdoor cooking, indoor fire, and more versatile watercraft. Marketing innovation and community building, especially at Chubbies, further deepen customer engagement. The key question is not whether Solo Brands can create interesting products — it clearly can — but whether it can do so consistently while managing costs, scaling winners, and avoiding spreading itself too thin across too many concepts or channels.

Summary

Solo Brands combines strong brand stories and genuine product innovation with weaker financial execution in recent years. The company still enjoys attractive gross margins and a differentiated portfolio, suggesting customers value what it sells. However, rising operating expenses, strategic transformation efforts, and a tougher consumer backdrop have turned profits negative and compressed cash cushions. The balance sheet has less equity support than before, and while cash flow remains positive, it is too slim to comfortably support prolonged underperformance. Going forward, the company’s outlook hinges on its ability to tighten its cost structure, prioritize the highest‑impact innovations, and use its intellectual property and brand communities to drive steadier, more profitable growth rather than just product excitement. The strategic transformation, international expansion, and product pipeline all offer opportunity, but the financials underline that there is limited room for error in execution.

NEWS

November 10, 2025 · 4:05 PM UTC

Solo Brands, Inc. to Present and Host 1x1 Meetings at the 17th Annual Southwest IDEAS Investor Conference on November 19, 2025

Read more

November 6, 2025 · 7:30 AM UTC

Solo Brands, Inc. Announces Third Quarter 2025 Results

Read more

October 24, 2025 · 9:30 AM UTC

Introducing the all-new Solo Stove Infinity Flame™ Propane Fire Pit

Read more

October 21, 2025 · 4:05 PM UTC

Solo Brands, Inc. Fiscal 2025 Third Quarter Financial Results To Be Released Thursday, November 6, 2025

Read more

October 21, 2025 · 1:00 PM UTC

Solo Stove Officially Trademarks Its Signature Flame™ - A Mesmerizing and Unique Flame Pattern Fueled by Patented Smokeless Design

Read more