Digital Brands Group, Inc. (DBGI) Balance Sheet
DBGI balance sheet, 2025
December 31, 2025 · U.S. dollars$44.5M assets = $35.7M liabilities + $8.8M equity
Both columns are drawn to the same scale: what DBGI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DBGI financial health
Descriptive bands, not a rating. Fiscal 2025.
DBGI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.1M2016 | $44.5M2025 | +50.2%/yr | |
| Total liabilities | $2.5M2016 | $35.7M2025 | +34.5%/yr | |
| Shareholders’ equity | −$1.3M2016 | $8.8M2025 | — | |
| Cash & short-term investments | $179,0122016 | $1.9M2025 | +30.3%/yr | |
| Total debt | $680,1522016 | $6.1M2025 | +27.7%/yr | |
| Net cash (debt) | −$501,1402016 | −$4.2M2025 | −$3.7M | |
| Working capital | −$1.4M2016 | −$5.5M2025 | −$4.0M | |
| Current ratio | 0.422016 | 0.792025 | +0.37 | |
| Debt / equity | 5.412023 | 0.702025 | −4.71 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DBGI assets
DBGI liabilities and equity
DBGI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DBGI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.9M | $164,431 | $20,773 | $1.3M | $528,394 | $575,986 | $40,469 | $584,481 | $346,900 | $179,012 |
| Cash & equivalents | $1.9M | $164,431 | $20,773 | $1.3M | $528,394 | $575,986 | $40,469 | $584,481 | $346,900 | $179,012 |
| Receivables | $427,420 | $434,253 | $412,644 | $1.4M | $1.1M | $245,565 | $0 | $0 | $0 | $12,275 |
| Inventory | $3.1M | $3.8M | $4.8M | $5.1M | $2.8M | $1.2M | $1.1M | $1.2M | $991,987 | $833,434 |
| Other current assets | $15.1M | $274,643 | $276,670 | $1.0M | $417,900 | $23,826 | $63,516 | $178,414 | $96,668 | $18,532 |
| Total current assets | $20.6M | $4.7M | $5.6M | $8.8M | $4.8M | $2.0M | $1.2M | $2.0M | $1.4M | $1.0M |
| Property, plant & equipment (net) | $15,736 | $24,089 | $745,197 | $206,861 | $97,265 | $62,313 | $72,593 | $109,380 | $28,772 | $16,689 |
| Goodwill & intangible assets | $10.3M | $15.1M | $19.0M | $21.9M | $31.1M | $14.0M | $2,833 | $0 | $0 | $9,603 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $13.6M | $75,431 | $75,431 | $2.8M | $505,490 | $307,315 | $40,677 | $172,295 | $43,888 | $73,018 |
| Total assets | $44.5M | $19.9M | $25.3M | $33.7M | $36.5M | $16.4M | $1.3M | $2.3M | $1.5M | $1.1M |
| Liabilities | ||||||||||
| Accounts payable | $6.3M | $6.4M | $7.5M | $8.0M | $6.6M | $5.7M | $1.6M | $987,554 | $864,960 | $1.3M |
| Short-term debt | $6.1M | $6.4M | $8.5M | $13.7M | $12.4M | $12.2M | $4.5M | $3.8M | −$12,325 | $1.1M |
| Deferred revenue | — | — | $2.8M | $202,129 | $276,397 | $1,667 | $15,231 | $463,491 | $242,791 | $157,858 |
| Total current liabilities | $26.1M | $20.8M | $23.2M | $40.9M | $35.0M | $20.3M | $7.6M | $6.0M | $1.4M | $2.5M |
| Long-term debt | $0 | $150,000 | $150,000 | $297,438 | $6.2M | $1.9M | $799,280 | $0 | $0 | $0 |
| Lease obligations | — | $0 | $1.2M | $102,349 | $0 | — | — | — | — | — |
| Other long-term liabilities | $9.7M | $248,990 | $368,034 | $0 | $2.3M | $6,265 | $7,700 | $0 | $2.7M | $0 |
| Total liabilities | $35.7M | $21.2M | $23.7M | $41.2M | $43.6M | $22.2M | $8.4M | $6.0M | $4.0M | $2.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $879 | $83 | $110 | $18 | $13 | $66 | $66 | $1,038 | $1,038 | $1,038 |
| Retained earnings (deficit) | −$155.4M | −$127.1M | −$114.0M | −$103.7M | −$65.7M | −$33.3M | −$22.6M | −$17.0M | −$12.2M | −$9.0M |
| Accumulated other comprehensive income | — | — | −$1 | — | — | $0 | −$22,677 | −$1,038 | −$1,038 | −$2,154 |
| Total shareholders' equity | $8.8M | −$1.3M | $1.6M | −$7.5M | −$7.1M | −$5.9M | −$7.2M | −$3.7M | −$2.5M | −$1.3M |
| Key figures | ||||||||||
| Total debt | $6.1M | $6.5M | $8.7M | $13.8M | $18.6M | $14.1M | $5.3M | $3.8M | $2.7M | $680,152 |
| Net cash (debt) | −$4.2M | −$6.4M | −$8.7M | −$12.5M | −$18.1M | −$13.5M | −$5.3M | −$3.2M | −$2.3M | −$501,140 |
| Working capital | −$5.5M | −$16.1M | −$17.7M | −$32.1M | −$30.3M | −$18.3M | −$6.5M | −$4.0M | $48,469 | −$1.4M |
| Tangible book value | −$1.5M | −$16.4M | −$17.4M | −$29.3M | −$38.2M | −$19.8M | −$7.2M | −$3.7M | −$2.5M | −$1.4M |
| Book value per share | $25.13 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 349K | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.79 | 0.23 | 0.24 | 0.22 | 0.14 | 0.10 | 0.15 | 0.33 | 1.03 | 0.42 |
| Quick ratio | 0.09 | 0.03 | 0.02 | 0.07 | 0.05 | 0.04 | 0.01 | 0.10 | 0.25 | 0.08 |
| Debt / equity | 0.70 | — | 5.41 | — | — | — | — | — | — | — |
| Equity / assets | 19.7% | −6.7% | 6.3% | −22.1% | −19.4% | −35.8% | −557.7% | −165.0% | −168.2% | −117.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.4M | $5.1M | $1.9M | $6.7M | $542,578 | $2.2M | $164,431 | $289,346 | $92,794 | $11,330 | $20,773 | $1.1M |
| Cash & equivalents | $1.4M | $5.1M | $1.9M | $6.7M | $542,578 | $2.2M | $164,431 | $289,346 | $92,794 | $11,330 | $20,773 | $1.1M |
| Receivables | $471,452 | $402,443 | $153,983 | $277,555 | $507,064 | $356,202 | $44,067 | $714,603 | $1.0M | $1.0M | $74,833 | $677,950 |
| Inventory | $5.4M | $3.5M | $3.1M | $4.3M | $4.1M | $4.3M | $3.8M | $5.0M | $5.1M | $4.6M | $4.8M | $4.7M |
| Other current assets | $10.7M | $10.3M | $15.4M | $8.7M | $1.3M | $5.6M | $664,829 | $353,307 | $377,959 | $301,215 | $614,481 | $1.2M |
| Total current assets | $18.0M | $19.3M | $20.6M | $20.0M | $6.5M | $12.5M | $4.7M | $6.4M | $6.6M | $6.0M | $5.6M | $7.7M |
| Property, plant & equipment (net) | $4.2M | $4.3M | $15,736 | $19,046 | $20,719 | $22,404 | $24,089 | $444,556 | $713,064 | $534,363 | $745,197 | $305,915 |
| Goodwill & intangible assets | $10.0M | $10.1M | $10.3M | $16.8M | $17.3M | $14.7M | $15.1M | $16.3M | $17.5M | $18.2M | $19.0M | $19.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $14.4M | $13.5M | $13.6M | $4.3M | $4.1M | $75,431 | $75,431 | $152,711 | $152,711 | $75,431 | $75,431 | $106,547 |
| Total assets | $46.7M | $47.3M | $44.5M | $41.2M | $27.8M | $27.2M | $19.9M | $23.3M | $24.9M | $24.8M | $25.3M | $27.7M |
| Liabilities | ||||||||||||
| Accounts payable | $7.4M | $6.6M | $6.3M | $4.9M | $5.6M | $6.0M | $6.4M | $6.3M | $6.1M | $6.3M | $7.5M | $8.3M |
| Short-term debt | $12.6M | $6.1M | — | $6.2M | $5.3M | $5.4M | — | $8.5M | $8.0M | $8.5M | — | $7.1M |
| Deferred revenue | $135,898 | — | — | — | — | — | — | −$7.6M | $3.2M | $7.1M | — | $6.8M |
| Total current liabilities | $30.8M | $26.8M | $26.1M | $24.8M | $19.4M | $19.7M | $20.8M | $22.4M | $21.4M | $21.4M | $23.2M | $22.4M |
| Long-term debt | $4.9M | $0 | $0 | $150,000 | $1.1M | $1.1M | $150,000 | $150,000 | $150,000 | $150,000 | $150,000 | $150,000 |
| Lease obligations | $4.3M | $4.2M | — | — | — | — | $0 | $1.2M | $1.3M | $1.1M | $1.2M | $210,185 |
| Other long-term liabilities | $10.4M | $16.9M | $9.7M | $248,990 | $248,990 | $248,990 | $248,990 | $681,757 | $644,466 | $368,033 | $368,034 | $6,783 |
| Total liabilities | $46.1M | $43.7M | $35.7M | $25.2M | $20.7M | $21.0M | $21.2M | $23.3M | $22.2M | $21.9M | $23.7M | $22.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $55 | $1,509 | — | $572 | $449 | $413 | — | $373 | $226 | $170 | — | $58 |
| Retained earnings (deficit) | −$175.7M | −$166.7M | −$155.4M | −$134.8M | −$131.3M | −$129.2M | −$127.1M | −$121.7M | −$118.2M | −$114.7M | −$114.0M | −$110.3M |
| Accumulated other comprehensive income | — | $2.4M | — | — | — | — | — | — | −$1 | −$1 | — | −$1 |
| Total shareholders' equity | $540,031 | $3.6M | $8.8M | $16.0M | $7.1M | $6.2M | −$1.3M | $19,046 | $2.7M | $3.0M | $1.6M | $5.2M |
| Key figures | ||||||||||||
| Total debt | $21.6M | $10.2M | — | $6.4M | $6.4M | $6.5M | $150,000 | $8.9M | $8.4M | $8.7M | $150,000 | $7.2M |
| Net cash (debt) | −$20.2M | −$5.1M | — | $305,724 | −$5.9M | −$4.3M | $14,431 | −$8.6M | −$8.3M | −$8.7M | −$129,227 | −$6.2M |
| Working capital | −$12.9M | −$7.5M | −$5.5M | −$4.8M | −$12.9M | −$7.2M | −$16.1M | −$16.0M | −$14.9M | −$15.3M | −$17.7M | −$14.7M |
| Tangible book value | −$9.5M | −$6.6M | −$1.5M | −$855,052 | −$10.2M | −$8.5M | −$16.4M | −$16.3M | −$14.8M | −$15.3M | −$17.4M | −$14.5M |
| Book value per share | $0.82 | $13.37 | $39.91 | — | — | — | −$1.58 | — | — | — | — | — |
| Shares outstanding | 661K | 268K | 220K | — | — | — | 839K | — | — | — | — | — |
| Current ratio | 0.58 | 0.72 | 0.79 | 0.81 | 0.33 | 0.63 | 0.23 | 0.29 | 0.31 | 0.28 | 0.24 | 0.34 |
| Quick ratio | 0.06 | 0.21 | 0.08 | 0.28 | 0.05 | 0.13 | 0.01 | 0.04 | 0.05 | 0.05 | 0.00 | 0.08 |
| Debt / equity | 40.04 | 2.86 | — | 0.40 | 0.90 | 1.04 | — | 469.27 | 3.08 | 2.91 | 0.09 | 1.39 |
| Equity / assets | 1.2% | 7.6% | 19.7% | 38.8% | 25.5% | 22.8% | −6.7% | 0.1% | 10.9% | 12.0% | 6.3% | 18.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 15, 2026); data from EODHD.
DBGI financial position
At the end of fiscal 2025 (December 31, 2025), Digital Brands had total assets of $44.5 million (up 123.7% from a year earlier), total liabilities of $35.7 million and shareholders' equity of $8.8 million. It held $1.9 million in cash and short-term investments against $6.1 million of debt, net debt of $4.2 million. Its current ratio was 0.79. In the latest quarter (ended June 30, 2026) total assets were $46.7 million and equity $0.5 million.
Related: DBGI income statement, DBGI cash flow statement, DBGI key metrics. See the DBGI stock overview for the latest quote and news.
DBGI balance sheet FAQ
What are Digital Brands's total assets?
Digital Brands reported total assets of $44.5 million at the end of fiscal 2025 (December 31, 2025), compared with $19.9 million a year earlier.
How much debt does Digital Brands have?
Digital Brands had $6.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.70.
How much cash does Digital Brands have?
Digital Brands held $1.9 million in cash and short-term investments at the end of fiscal 2025; with $6.1 million of debt that is net debt of $4.2 million.
What is Digital Brands's book value?
Digital Brands's shareholders' equity (book value) was $8.8 million at the end of fiscal 2025, or $25.13 per share.
What is Digital Brands's current ratio?
Digital Brands had current assets of $20.6 million and current liabilities of $26.1 million, a current ratio of 0.79 (current liabilities exceed current assets).
How much goodwill does Digital Brands have?
Digital Brands carried $10.3 million of goodwill and intangible assets, 23.1% of total assets, at the end of fiscal 2025.