Solo Brands, Inc. (SBDS)
Solo Brands, Inc. operates as a direct-to-consumer enterprise, offering a wide array of outdoor and lifestyle merchandise throughout the United States. Its diverse product portfolio includes camp stoves under the Solo Stove Lite name and fire pits from the Solo Stove brand. The company also provides kayaks through its Oru brand and paddleboards via the ISLE brand. Furthermore, Solo Brands, Inc. supplies storage solutions for fire pits, firewood, and other related accessories. For apparel, its Chubbies brand features swimwear, casual shorts, athletic wear, polos, shirts, and loungewear. Complementing its main product lines, the company also sells consumables such as color packs, starters, natural charcoal, fuel, pellets, and firewood products, along with various accessories, under the Solo Stove, Oru, and ISLE brands. Solo Brands, Inc. was established in 2011 and is headquartered in Grapevine, Texas.
Sector: Sporting & Athletic Goods, NEC
Industry: Specialty Retail
Solo Brands, Inc.
OTC:SBDSConsumer Cyclical · Specialty Retail
+1.46%$2.08
Mkt Cap$5.34M
Float1.82M
O/S2.57M
Inst Own2.2%
SI0.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$316.58M
Net Income-$101.32M
Total Assets$360.34M
Free Cash Flow-$58.65M
Debt & Equity
Debt 85%
Equity 15%
Total Debt$262.27M
Total Equity$46M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SBDS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$360.34M
Liabilities$308.94M
Accounts Receivable$31.41M
Accounts Payable$13.07M
Inventory$81.65M
PP&E (Net)$31.1M
Goodwill$73.12M
Intangible Assets$100.04M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $316.58M | $454.55M | $494.78M | $517.63M | $403.72M | $133.43M | $39.85M |
| YoY Growth | -30.4% | -8.1% | -4.4% | 28.2% | 202.6% | 234.8% | - |
| Cost of Revenue | $154.18M | $194.29M | $192.62M | $199.45M | $144.81M | $46.46M | $17.22M |
| Gross Profit | $162.41M | $260.26M | $302.15M | $318.18M | $258.91M | $86.97M | $22.64M |
| Gross Margin | 51.3% | 57.3% | 61.1% | 61.5% | 64.1% | 65.2% | 56.8% |
| Research and Development | $0 | $0 | $700K | $1.1M | $300K | $0 | $0 |
| Selling, General, and Administrative | $176.25M | $262.17M | $249.43M | $259.05M | $159.52M | $40.01M | $16.37M |
| Other | $6.15M | $172.71M | $279.87M | $27.07M | $30.22M | $67.41M | $34.93M |
| Total Operating Expenses | $182.39M | $434.88M | $530M | $287.22M | $190.04M | $107.43M | $51.3M |
| Operating Income (EBIT) | -$20.77M | -$174.62M | -$227.85M | $30.95M | $68.86M | -$20.46M | -$28.66M |
| Operating Margin | -6.6% | -38.4% | -46.1% | 6.0% | 17.1% | -15.3% | -71.9% |
| Interest Expense | $26.56M | $14M | $11M | $6.27M | $10.13M | $3.21M | $525K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $3.21M | $6K |
| Other Income (Expense) | -$121.24M | -$14.53M | -$3.71M | -$37.57M | -$10.34M | -$3.65M | -$872K |
| Income Before Tax (EBT) | -$142.01M | -$189.15M | -$231.56M | -$6.62M | $58.52M | -$24.1M | -$29.54M |
| Income Tax Expense | $3.42M | -$8.96M | -$36.23M | $1M | $2.02M | $99K | $3K |
| Net Income | -$101.32M | -$113.36M | -$111.35M | -$4.95M | $48.65M | -$24.2M | -$29.54M |
| Net Income Margin | -32.0% | -24.9% | -22.5% | -1.0% | 12.1% | -18.1% | -74.1% |
| Supplementary Data | |||||||
| EPS | -91.99 | -77.60 | -73.60 | -3.12 | 6.80 | -15.60 | -12.40 |
| Diluted EPS | -91.99 | -77.60 | -73.60 | -3.12 | 6.80 | -15.60 | -12.40 |
| Weighted Average OS | 1.58M | 1.46M | 1.51M | 1.59M | 1.58M | 1.54M | 2.42M |
| EBITDA | $7.77M | -$148.51M | $48.47M | $55.55M | $87.09M | -$15.44M | -$28.19M |
| EBITDA Margin | 2.5% | -32.7% | 9.8% | 10.7% | 21.6% | -11.6% | -70.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $20.03M | $11.98M | $19.84M | $23.29M | $25.1M | $32.75M | $5.03M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $20.03M | $11.98M | $19.84M | $23.29M | $25.1M | $32.75M | $5.03M |
| Accounts Receivable | $31.41M | $39.44M | $53.47M | $26.18M | $21.51M | $4.17M | $1.28M |
| Inventory | $81.65M | $108.58M | $116.57M | $135.87M | $102.33M | $14.35M | $5.84M |
| Other Current Assets | $7.13M | $12.22M | $4.19M | $7.47M | $9.89M | $0 | $0 |
| Total Current Assets | $140.21M | $172.22M | $196.07M | $195.1M | $158.84M | $51.59M | $12.29M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $31.1M | $51.88M | $58.64M | $15.17M | $10.6M | $980K | $135K |
| Goodwill | $73.12M | $73.12M | $169.65M | $382.66M | $410.56M | $289.1M | $52.7M |
| Intangible Assets | $100.04M | $189.7M | $221.01M | $234.63M | $257.23M | $200.59M | $40.3M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $15.87M | $8.14M | $13.95M | $34.79M | $506K | $149K | $83K |
| Total Long-Term Assets | $220.13M | $322.84M | $463.25M | $667.25M | $678.9M | $490.81M | $93.21M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $360.34M | $495.06M | $659.32M | $862.35M | $837.74M | $542.41M | $105.5M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $13.07M | $69.6M | $21.85M | $11.78M | $11.77M | $1.38M | $75K |
| Short-Term Debt | $1.8M | $8.63M | $6.25M | $5M | $3.13M | $450K | $0 |
| Current Income Tax Payable | $0 | $3.66M | $2.78M | $11.65M | $9.7M | $1.92M | $749K |
| Current Unearned Revenue | $1.65M | $1.83M | $5.31M | $6.85M | $3.52M | $20.25M | $36K |
| Other Current Liabilities | $10.19M | $12.04M | $38.35M | $12.4M | $16.55M | $114.33M | $5.32M |
| Total Current Liabilities | $47.37M | $121.71M | $88.56M | $67.01M | $46.57M | $137.28M | $7.67M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $240.27M | $142.06M | $142.99M | $108.38M | $125.02M | $72.9M | $23.61M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $6.74M | $6.79M | $17.32M | $82.62M | $91.24M | $0 | $0 |
| Other Long-Term Liabilities | $677K | $8.36M | $12.52M | $205K | $729K | $133K | $70K |
| Total Long-Term Liabilities | $261.58M | $179.99M | $198.49M | $220.34M | $217M | $73.03M | $23.68M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $308.94M | $301.7M | $287.06M | $287.35M | $263.57M | $210.31M | $31.34M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3K | $2K | $91K | $96K | $94K | $340.42M | $79.18M |
| Retained Earnings | -$329.96M | -$228.81M | -$115.46M | $5.75M | $10.69M | -$8.32M | -$5.02M |
| Comprehensive Income & Other | -$274K | -$434K | -$230K | -$499K | $6K | $0 | $0 |
| Other Stockholders' Equity | $375.96M | $362.52M | $356.63M | $357.58M | $350.09M | $0 | $0 |
| Total Equity | $46M | $133.71M | $241.26M | $363.43M | $360.88M | $332.1M | $74.16M |
| Minority Interest | $5.4M | $59.65M | $131M | $211.57M | $213.29M | $0 | $0 |
| Total Liabilities and Equity | $354.94M | $435.42M | $528.32M | $650.78M | $624.45M | $542.41M | $105.5M |
| Supplementary Data | |||||||
| Total Debt | $262.27M | $182.83M | $182.48M | $149.41M | $128.15M | $73.35M | $23.61M |
| Net Debt | $242.23M | $170.85M | $162.63M | $126.11M | $103.05M | $40.59M | $18.58M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$145.44M | -$180.19M | -$111.35M | -$7.62M | $56.49M | -$24.2M | -$29.54M |
| Depreciation & Amortization | $28.54M | $26.63M | $27.35M | $24.59M | $18.23M | $5.46M | $823K |
| Deferred Income Tax | -$57K | -$11.68M | -$47.04M | -$10.5M | -$3.14M | $0 | $0 |
| Stock-Based Compensation | $3.02M | $6.75M | $14.72M | $18.6M | $7.33M | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $8.5M | $3.19M | $295K | -$5.92M | -$15.04M | -$2.46M | -$956K |
| Inventory | $27.4M | -$14.67M | $28.18M | -$30.88M | -$49.41M | -$2.08M | $4.04M |
| Accounts Payable | -$55.86M | $38.15M | $9.56M | $2.68M | $5.01M | $1.3M | $71K |
| Other Working Capital | -$12.83M | -$25.68M | -$26.31M | $1.76M | -$32.14M | $34.57M | $4.79M |
| Total Working Capital Change | -$32.78M | $991K | $11.72M | -$32.37M | -$91.58M | $31.33M | $7.95M |
| Other Non-Cash Items | $100.11M | $168.02M | $167.02M | $39.7M | $2.42M | $20.09M | $953K |
| Net Cash from Operating | -$46.6M | $10.52M | $62.42M | $32.4M | -$10.25M | $32.68M | -$19.82M |
| Investing Activities | |||||||
| Capital Expenditures | -$12.05M | -$14.51M | -$9.09M | -$9.24M | -$10.64M | -$958K | -$118K |
| Acquisitions | $0 | $0 | -$34.6M | -$774K | -$133.31M | -$273.14M | -$52.31M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$9.39M | $0 | $64K | $0 | $0 |
| Net Cash from Investing | -$12.05M | -$14.51M | -$53.08M | -$10.02M | -$143.89M | -$274.1M | -$52.43M |
| Financing Activities | |||||||
| Debt Repaid | -$66.9M | -$606K | -$34.62M | $15.63M | -$56.88M | -$48.97M | -$23.57M |
| Common Stock Issuance | $0 | $0 | $39K | $0 | $234.6M | $250M | $54.37M |
| Common Stock Repurchases | $0 | $0 | -$36.96M | -$35K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | -$33.16M | -$16.52M | -$3.96M |
| Other Financing Activities | -$359K | -$4.26M | -$10.22M | -$7.88M | -$111.83M | -$1.38M | $0 |
| Net Cash from Financing | $66.55M | -$3.66M | -$12.87M | -$23.54M | $146.48M | $281.07M | $73.98M |
| Forex Effect | $160K | -$210K | $71K | -$646K | $6K | -$11.92M | -$1.53M |
| Net Change in Cash | $8.05M | -$7.86M | -$3.45M | -$1.81M | -$7.65M | $27.73M | $209K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$46.6M | $10.52M | $62.42M | $32.4M | -$10.25M | $32.68M | -$19.82M |
| Capital Expenditure | -$12.05M | -$14.51M | -$9.09M | -$9.24M | -$10.64M | -$958K | -$118K |
| Free Cash Flow | -$58.65M | -$4M | $53.33M | $23.15M | -$20.89M | $31.72M | -$19.93M |
| Cash at Beginning | $11.98M | $19.84M | $23.29M | $25.1M | $32.75M | $5.03M | $4.82M |
| Cash at End | $20.03M | $11.98M | $19.84M | $23.29M | $25.1M | $32.75M | $5.03M |