Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Solo Brands, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
404
518
495
455
317
Cost of revenue
145
199
193
194
129
Gross profit
259
318
302
260
188
Research and development
0.3
1.1
0.7
1.7
0.8
Selling, general and administrative
160
259
249
262
176
General and administrative
32.3
30.8
24.5
Operating expenses
190
318
530
435
302
Operating income
68.9
0.36
-228
-175
-113
Interest expense
14.4
28.3
Other non-operating income
-10.3
-6.98
-3.71
-14.5
-28.5
Pre-tax income
58.5
-6.62
-232
-189
-142
Income tax
2.03
1
-36.2
-8.96
3.42
Net income to minority interests
7.84
-2.68
-84
-66.8
-44.1
Net income
10.7
-4.95
-111
-113
-101
EBITDA
87.1
25
-201
-149
-87.8
EPS, basic
6.81
-3.20
-73.66
-77.66
-64.09
EPS, diluted
6.81
-3.20
-73.66
-77.66
-64.09
Shares, basic (weighted)
1.57
1.59
1.51
1.46
1.58
Shares, diluted (weighted)
1.57
1.59
1.51
1.46
1.58
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
25.1
23.3
19.8
12
20
Receivables
21.5
26.2
42.7
39.4
29.8
Inventory
102
133
112
109
81.6
Other current assets
9.89
12.6
21.9
12.2
8.77
Total current assets
159
195
196
172
140
Property, plant and equipment
10.6
15.2
26.2
24.2
13.2
Lease right-of-use assets
34.3
30.8
27.7
17.9
Goodwill
411
383
170
73.1
73.1
Intangible assets
257
235
221
190
100
Other non-current assets
0.51
0.53
15.6
8.14
15.9
Total assets
838
862
659
495
360
Accounts payable
9.66
11.8
21.8
69.6
13.1
Deferred revenue
3.52
6.85
5.31
1.83
1.65
Short-term debt
3.13
5
6.25
8.63
1.8
Total current liabilities
46.6
67
88.6
122
47.4
Long-term debt
125
108
143
142
240
Lease liabilities
29.1
24.6
22.1
13.9
Other non-current liabilities
0.73
0.21
13.5
9.06
0.68
Total liabilities
264
287
287
302
309
Total debt
128
113
149
151
242
Paid-in capital
350
358
357
364
377
Retained earnings
10.7
5.75
-115
-229
-330
Treasury stock
0
-0.04
-0.53
-0.73
-1.09
Other comprehensive income
0.01
-0.5
-0.23
-0.43
-0.27
Shareholders' equity
361
363
241
134
46
Minority interests
213
212
131
59.6
5.4
Total equity
574
575
372
193
51.4
Total liabilities and equity
838
862
659
495
360
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
56.5
-7.62
-195
-180
-145
Depreciation and amortization
18.2
24.6
26.6
25.7
25.7
Stock-based compensation
7.33
18.6
15.1
6.75
3.02
Deferred income tax
-3.14
-10.5
-47
-11.7
-0.06
Change in receivables
-15
-5.92
-16.3
3.2
8.5
Change in inventory
-49.4
-30.9
28.2
-14.7
27.4
Change in payables
7.12
2.68
9.56
38.2
-55.9
Cash from operations
-10.2
32.4
62.4
10.5
-46.6
Capital expenditures
-10.6
-9.24
-9.09
-7.5
-4.6
Acquisitions
-133
-0.77
-34.6
0
Cash from investing
-144
-10
-53.1
-14.5
-12
Debt issued
364
45
70
80
287
Debt repaid
-307
-60.6
-35
-79.3
-199
Stock issued
235
0
0
0
Share buybacks
0
0
-37
0
Cash from financing
146
-23.5
-12.9
-3.66
66.5
Exchange rate effect
0.01
-0.65
0.07
-0.21
0.16
Net change in cash
-7.65
-1.81
-3.45
-7.86
8.05
Free cash flow
-20.9
23.2
53.3
3.02
-51.2
Interest paid
8.22
5.13
10.3
13.5
12.1
Income taxes paid
0.01
13.2
11.8
4.28
1.04
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.61 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
58.6%
Gross profit / revenue.
Operating margin
-31.6%
Operating income / revenue.
EBITDA margin
-24.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-41.4%
Pre-tax income / revenue.
Net margin
-28.7%
Net income / revenue.
Operating cash flow margin
12.6%
Cash from operations / revenue.
Return on equity (ROE)
-202.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-24.9%
Net income / average total assets.
Return on invested capital (ROIC)
-29.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
55.4%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.1%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
7.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-30.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-15.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-27.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-16.1%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-543.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-1,797.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-65.6%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-49.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-27.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-25.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
8.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-0.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.12x
Current assets / current liabilities.
Quick ratio
1.50x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.82x
(Cash + short-term investments) / current liabilities.
Debt / equity
5.89x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
72.7%
Total debt / total assets.
Liabilities / assets
87.7%
Total liabilities / total assets.
Net debt
$213.8M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$33.41
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$116.57
Revenue / diluted weighted shares.
Operating cash flow per share
$14.71
Cash from operations / diluted weighted shares.
Book value per share
$16.54
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.02x
Market cap / revenue.
P/B
0.16x
Market cap / shareholders' equity. Only when equity is positive.
P/OCF
0.18x
Market cap / cash from operations, when positive.
EV/Sales
0.74x
Enterprise value / revenue.
Earnings yield
-1,276.0%
Net income / market cap (the inverse of P/E).
What was Solo Brands, Inc.'s revenue in fiscal 2025?
Solo Brands, Inc. reported revenue of $316.6M for fiscal 2025, 30.4% lower than the year before.
Was Solo Brands, Inc. profitable in fiscal 2025?
No. It reported a net loss of $101.3M.
How much free cash flow did Solo Brands, Inc. generate in fiscal 2025?
Cash from operations of $46.6M minus capital expenditures of $4.6M left free cash flow of -$51.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.