Solo Brands, Inc. (SBDS) Balance Sheet
SBDS balance sheet, 2025
December 31, 2025 · U.S. dollars$360.3M assets = $308.9M liabilities + $51.4M equity
Both columns are drawn to the same scale: what SBDS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SBDS financial health
Descriptive bands, not a rating. Fiscal 2025.
SBDS balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $105.5M2019 | $360.3M2025 | +22.7%/yr | |
| Total liabilities | $31.3M2019 | $308.9M2025 | +46.4%/yr | |
| Shareholders’ equity | $74.2M2019 | $46.0M2025 | −7.6%/yr | |
| Cash & short-term investments | $5.0M2019 | $20.0M2025 | +25.9%/yr | |
| Total debt | $23.6M2019 | $262.3M2025 | +49.4%/yr | |
| Net cash (debt) | −$18.6M2019 | −$242.2M2025 | −$223.7M | |
| Working capital | $4.6M2019 | $92.8M2025 | +$88.2M | |
| Book value per share | $30.642019 | $29.102025 | −0.9%/yr | |
| Current ratio | 1.602019 | 2.962025 | +1.36 | |
| Debt / equity | 0.322019 | 5.702025 | +5.38 | |
| Shares outstanding | 2.4M2019 | 1.6M2025 | −6.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SBDS assets
SBDS liabilities and equity
SBDS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SBDS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $20.0M | $12.0M | $19.8M | $23.3M | $25.1M | $32.8M | $5.0M |
| Cash & equivalents | $20.0M | $12.0M | $19.8M | $23.3M | $25.1M | $32.8M | $5.0M |
| Receivables | $31.4M | $39.4M | $53.5M | $26.2M | $21.5M | $4.2M | $1.3M |
| Inventory | $81.6M | $108.6M | $116.6M | $135.9M | $102.3M | $14.3M | $5.8M |
| Other current assets | $7.1M | $12.2M | $6.2M | $9.8M | $9.9M | $328,000 | $143,000 |
| Total current assets | $140.2M | $172.2M | $196.1M | $195.1M | $158.8M | $51.6M | $12.3M |
| Property, plant & equipment (net) | $31.1M | $51.9M | $58.6M | $15.2M | $10.6M | $980,000 | $135,000 |
| Goodwill & intangible assets | $173.2M | $262.8M | $390.7M | $617.3M | $667.8M | $489.7M | $93.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.9M | $8.1M | $14.0M | $34.8M | $506,000 | $149,000 | $83,000 |
| Total assets | $360.3M | $495.1M | $659.3M | $862.3M | $837.7M | $542.4M | $105.5M |
| Liabilities | |||||||
| Accounts payable | $13.1M | $69.6M | $21.8M | $11.8M | $11.8M | $1.4M | $75,000 |
| Short-term debt | $8.1M | $18.0M | $13.8M | $11.9M | $3.1M | $450,000 | — |
| Deferred revenue | $1.6M | $1.8M | $5.3M | $6.8M | $3.5M | $20.2M | $36,000 |
| Total current liabilities | $47.4M | $121.7M | $88.6M | $67.0M | $46.6M | $137.3M | $7.7M |
| Long-term debt | $240.3M | $142.1M | $143.0M | $108.4M | $125.0M | $0 | $0 |
| Lease obligations | $20.2M | $32.1M | $33.2M | $36.0M | — | — | — |
| Other long-term liabilities | $21.3M | $37.9M | $55.5M | $112.0M | $92.0M | $73.0M | $23.7M |
| Total liabilities | $308.9M | $301.7M | $287.1M | $287.4M | $263.6M | $210.3M | $31.3M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $3,000 | $2,000 | $91,000 | $96,000 | $94,000 | $340.4M | $79.2M |
| Retained earnings (deficit) | −$330.0M | −$228.8M | −$115.5M | $5.7M | $10.7M | −$8.3M | −$5.0M |
| Accumulated other comprehensive income | −$274,000 | −$434,000 | −$230,000 | −$499,000 | $6,000 | — | — |
| Minority interest | $5.4M | $59.6M | $131.0M | $211.6M | — | — | — |
| Total shareholders' equity | $46.0M | $133.7M | $241.3M | $363.4M | $360.9M | $332.1M | $74.2M |
| Key figures | |||||||
| Total debt | $262.3M | $182.8M | $182.5M | $149.4M | $128.1M | $73.3M | $23.6M |
| Net cash (debt) | −$242.2M | −$170.8M | −$162.6M | −$126.1M | −$103.0M | −$40.6M | −$18.6M |
| Working capital | $92.8M | $50.5M | $107.5M | $128.1M | $112.3M | −$85.7M | $4.6M |
| Tangible book value | −$127.2M | −$129.1M | −$149.4M | −$253.9M | −$306.9M | −$157.6M | −$18.8M |
| Book value per share | $29.10 | $91.60 | $159.51 | $229.07 | $228.38 | $216.13 | $30.64 |
| Shares outstanding | 1.6M | 1.5M | 1.5M | 1.6M | 1.6M | 1.5M | 2.4M |
| Current ratio | 2.96 | 1.41 | 2.21 | 2.91 | 3.41 | 0.38 | 1.60 |
| Quick ratio | 1.09 | 0.42 | 0.83 | 0.74 | 1.00 | 0.27 | 0.82 |
| Debt / equity | 5.70 | 1.37 | 0.76 | 0.41 | 0.36 | 0.22 | 0.32 |
| Equity / assets | 12.8% | 27.0% | 36.6% | 42.1% | 43.1% | 61.2% | 70.3% |
| 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 | $35.4M | $16.5M | $20.0M | $16.3M | $18.1M | $206.4M | $12.0M | $12.5M | $20.1M | $15.4M | $19.8M | $16.6M |
| Cash & equivalents | $35.4M | $16.5M | $20.0M | $16.3M | $18.1M | $206.4M | $12.0M | $12.5M | $20.1M | $15.4M | $19.8M | $16.6M |
| Receivables | $31.5M | $40.2M | $29.8M | $17.5M | $33.6M | $55.0M | $39.4M | $38.3M | $36.8M | $39.0M | $42.7M | $30.7M |
| Inventory | $59.6M | $82.9M | $81.6M | $84.8M | $84.1M | $105.3M | $108.6M | $106.8M | $100.8M | $112.3M | $116.6M | $114.1M |
| Other current assets | $9.0M | $8.2M | $8.8M | $9.6M | $12.8M | $6.0M | $12.2M | $14.9M | $30.0M | $24.9M | $16.9M | $23.5M |
| Total current assets | $135.5M | $147.7M | $140.2M | $128.2M | $148.6M | $372.6M | $172.2M | $172.5M | $187.6M | $191.6M | $196.1M | $184.9M |
| Property, plant & equipment (net) | $24.5M | $28.7M | $31.1M | $36.2M | $40.0M | $47.8M | $51.9M | $54.6M | $60.2M | $60.4M | $58.6M | $58.1M |
| Goodwill & intangible assets | $168.4M | $170.7M | $173.2M | $250.3M | $263.0M | $258.5M | $262.8M | $318.7M | $381.5M | $386.1M | $390.7M | $645.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $14.6M | $15.6M | $15.9M | $16.3M | $8.1M | $13.4M | $8.1M | $7.5M | $12.7M | $10.2M | $14.0M | $10.0M |
| Total assets | $343.0M | $362.7M | $360.3M | $431.0M | $459.7M | $692.4M | $495.1M | $553.2M | $642.0M | $648.3M | $659.3M | $898.9M |
| Liabilities | ||||||||||||
| Accounts payable | $11.7M | $7.5M | $13.1M | $10.7M | $9.9M | $23.0M | $69.6M | $61.0M | $24.5M | $24.3M | $21.8M | $11.5M |
| Short-term debt | $9.5M | $8.4M | $8.1M | $8.4M | $8.6M | $436.5M | $18.0M | $18.4M | $17.2M | $15.5M | $13.8M | $12.7M |
| Deferred revenue | $1.1M | $1.8M | $1.6M | $1.2M | $1.4M | $1.5M | $1.8M | $1.7M | $2.8M | $2.4M | — | $4.0M |
| Total current liabilities | $43.4M | $41.6M | $47.4M | $40.1M | $41.1M | $487.0M | $121.7M | $109.7M | $75.3M | $68.5M | $88.6M | $62.7M |
| Long-term debt | $245.0M | $261.4M | $240.3M | $234.0M | $237.8M | $0 | $142.1M | $151.1M | $153.4M | $162.7M | $0 | $0 |
| Lease obligations | $16.4M | $18.5M | $20.2M | $23.5M | $26.4M | $29.2M | $32.1M | $33.2M | $35.4M | $36.2M | — | — |
| Other long-term liabilities | $12.2M | $13.4M | $21.3M | $23.2M | $25.0M | $30.8M | $37.9M | $42.4M | $53.5M | $54.6M | $198.5M | $250.6M |
| Total liabilities | $300.7M | $316.4M | $308.9M | $297.2M | $303.8M | $517.8M | $301.7M | $303.2M | $282.3M | $285.8M | $287.1M | $313.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $92,000 | $92,000 | $92,000 | $92,000 | $91,000 | $91,000 | $91,000 |
| Retained earnings (deficit) | −$339.8M | −$335.4M | −$330.0M | −$269.3M | −$254.3M | −$241.0M | −$228.8M | −$191.8M | −$122.0M | −$118.9M | −$115.5M | $8.7M |
| Accumulated other comprehensive income | −$488,000 | −$433,000 | −$274,000 | −$246,000 | −$253,000 | −$434,000 | −$434,000 | −$224,000 | −$306,000 | −$273,000 | −$230,000 | −$741,000 |
| Minority interest | $0 | $0 | $5.4M | $34.7M | $42.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $42.3M | $46.3M | $46.0M | $99.1M | $113.2M | $121.7M | $133.7M | $168.0M | $236.7M | $238.5M | $241.3M | $360.5M |
| Key figures | ||||||||||||
| Total debt | $265.6M | $282.4M | $262.3M | $258.7M | $264.8M | $457.1M | $182.8M | $194.3M | $197.6M | $206.4M | $182.5M | $198.7M |
| Net cash (debt) | −$230.2M | −$265.9M | −$242.2M | −$242.4M | −$246.6M | −$250.7M | −$170.8M | −$181.8M | −$177.5M | −$191.0M | −$162.6M | −$182.2M |
| Working capital | $92.1M | $106.2M | $92.8M | $88.2M | $107.5M | −$114.4M | $50.5M | $62.8M | $112.3M | $123.1M | $107.5M | $122.2M |
| Tangible book value | −$126.0M | −$124.4M | −$127.2M | −$151.2M | −$149.8M | −$136.9M | −$129.1M | −$150.7M | −$144.8M | −$147.6M | −$149.4M | −$285.4M |
| Book value per share | $16.71 | $18.47 | $26.58 | $60.86 | — | $82.51 | $91.20 | $114.79 | $162.45 | $164.26 | $166.73 | $247.07 |
| Shares outstanding | 2.5M | 2.5M | 1.7M | 1.6M | — | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.4M | 1.5M |
| Current ratio | 3.12 | 3.55 | 2.96 | 3.20 | 3.62 | 0.77 | 1.41 | 1.57 | 2.49 | 2.80 | 2.21 | 2.95 |
| Quick ratio | 1.54 | 1.36 | 1.05 | 0.84 | 1.26 | 0.54 | 0.42 | 0.46 | 0.76 | 0.79 | 0.71 | 0.75 |
| Debt / equity | 6.27 | 6.10 | 5.70 | 2.61 | 2.34 | 3.76 | 1.37 | 1.16 | 0.83 | 0.87 | 0.76 | 0.55 |
| Equity / assets | 12.3% | 12.8% | 12.8% | 23.0% | 24.6% | 17.6% | 27.0% | 30.4% | 36.9% | 36.8% | 36.6% | 40.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
SBDS financial position
At the end of fiscal 2025 (December 31, 2025), Solo Brands had total assets of $360.3 million (down 27.2% from a year earlier), total liabilities of $308.9 million and shareholders' equity of $46.0 million. It held $20.0 million in cash and short-term investments against $262.3 million of debt, net debt of $242.2 million. Its current ratio was 2.96. In the latest quarter (ended June 30, 2026) total assets were $343.0 million and equity $42.3 million.
Related: SBDS income statement, SBDS cash flow statement, SBDS key metrics. See the SBDS stock overview for the latest quote and news.
SBDS balance sheet FAQ
What are Solo Brands's total assets?
Solo Brands reported total assets of $360.3 million at the end of fiscal 2025 (December 31, 2025), compared with $495.1 million a year earlier.
How much debt does Solo Brands have?
Solo Brands had $262.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 5.70.
How much cash does Solo Brands have?
Solo Brands held $20.0 million in cash and short-term investments at the end of fiscal 2025; with $262.3 million of debt that is net debt of $242.2 million.
What is Solo Brands's book value?
Solo Brands's shareholders' equity (book value) was $46.0 million at the end of fiscal 2025, or $29.10 per share.
What is Solo Brands's current ratio?
Solo Brands had current assets of $140.2 million and current liabilities of $47.4 million, a current ratio of 2.96 (it can cover its short-term obligations).
How much goodwill does Solo Brands have?
Solo Brands carried $173.2 million of goodwill and intangible assets, 48.1% of total assets, at the end of fiscal 2025.