Solo Brands, Inc. (SBDS) Income Statement
SBDS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSBDS revenue and net income
Where SBDS's revenue goes
2025Each bar shows an amount and its share of revenue. SBDS kept −32.0% of revenue as net income.
SBDS profit margins
SBDS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −30.4% | −15.1% | +18.9% | — |
| Gross profit | −37.6% | −20.1% | +13.3% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −1,274.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SBDS quarterly EPS vs estimates
Solo Brands beat the analyst EPS estimate in 1 of the last 5 quarters.
SBDS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $316.6M | $454.6M | $494.8M | $517.6M | $403.7M | $133.4M | $39.9M |
| Cost of revenue | $154.2M | $194.3M | $192.6M | $199.5M | $144.8M | $46.5M | $17.2M |
| Gross profit | $162.4M | $260.3M | $302.2M | $318.2M | $258.9M | $87.0M | $22.6M |
| Research & development | — | — | $700,000 | $1.1M | $300,000 | — | — |
| Sales, general & admin | $176.2M | $257.7M | $249.4M | $259.0M | $159.5M | $40.0M | $16.4M |
| Total operating expenses | $182.4M | $434.9M | $530.0M | $287.2M | $190.0M | $107.4M | $51.3M |
| Operating income | −$20.8M | −$174.6M | −$227.8M | $31.0M | $68.9M | −$20.5M | −$28.7M |
| Interest expense | $26.6M | $14.0M | $11.0M | $6.3M | $10.1M | $3.2M | $525,000 |
| Income before taxes | −$142.0M | −$189.2M | −$231.6M | −$6.6M | $58.5M | −$24.1M | −$29.5M |
| Income taxes | $3.4M | −$9.0M | −$36.2M | $1.0M | $2.0M | $99,000 | $3,000 |
| Net income | −$101.3M | −$113.4M | −$111.3M | −$4.9M | $48.7M | −$24.2M | −$29.5M |
| EBITDA | $7.8M | −$148.5M | $48.5M | $55.5M | $87.1M | −$15.2M | −$28.2M |
| EPS (diluted) | −$56.38 | $4.80 | −$59.17 | $36.72 | $5.93 | −$15.75 | −$19.22 |
| Gross margin | 51.3% | 57.3% | 61.1% | 61.5% | 64.1% | 65.2% | 56.8% |
| Operating margin | −6.6% | −38.4% | −46.1% | 6.0% | 17.1% | −15.3% | −71.9% |
| Net margin | −32.0% | −24.9% | −22.5% | −1.0% | 12.1% | −18.1% | −74.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.5M | $62.9M | $94.0M | $53.0M | $92.3M | $77.3M | $143.5M | $94.1M | $131.6M | $85.3M | $165.3M | $110.3M |
| Cost of revenue | $39.8M | $34.1M | $37.0M | $21.2M | $35.7M | $34.6M | $55.8M | $54.8M | $55.3M | $41.1M | $68.9M | $42.1M |
| Gross profit | $48.7M | $28.8M | $57.0M | $31.8M | $56.6M | $42.6M | $87.8M | $39.3M | $76.2M | $44.3M | $96.4M | $68.3M |
| Research & development | — | — | — | — | — | — | — | — | — | $700,000 | $700,000 | — |
| Sales, general & admin | $42.6M | $33.2M | $50.1M | $39.5M | $47.7M | $39.0M | $81.8M | $61.1M | $70.8M | $18.5M | $108.0M | — |
| Total operating expenses | $43.3M | $33.2M | $58.4M | $48.0M | $66.4M | $53.2M | $143.0M | $154.6M | $74.0M | $50.2M | $337.2M | $69.6M |
| Operating income | $5.4M | −$4.4M | −$1.4M | −$16.2M | −$9.8M | $6.6M | −$55.2M | −$115.3M | $2.2M | −$6.0M | −$240.8M | −$1.3M |
| Interest expense | $7.9M | $7.5M | $7.4M | $7.6M | $6.0M | $5.6M | $3.7M | $3.7M | $3.6M | $3.1M | $3.5M | $2.8M |
| Income before taxes | −$4.3M | −$12.1M | −$83.8M | −$23.5M | −$19.1M | −$15.6M | −$59.8M | −$118.3M | −$1.3M | −$9.7M | −$177.9M | −$3.1M |
| Income taxes | $136,000 | −$6.6M | −$646,000 | −$552,000 | $1.7M | $2.9M | −$1.6M | −$6.9M | $2.7M | −$3.2M | $33.0M | −$6.2M |
| Net income | −$4.4M | −$5.5M | −$60.6M | −$15.0M | −$13.5M | −$12.2M | −$37.0M | −$69.9M | −$3.1M | −$3.4M | −$123.8M | $4.1M |
| EBITDA | $10.8M | $645,000 | $7.3M | −$9.8M | −$6.4M | −$3.2M | −$49.7M | −$108.1M | $8.6M | −$298,000 | $9.8M | $6.8M |
| EPS (diluted) | — | — | −$35.03 | −$9.22 | −$8.93 | −$3.20 | $1.20 | $0.80 | $1.60 | $1.20 | −$85.57 | $11.20 |
| Gross margin | 55.0% | 45.8% | 60.6% | 60.0% | 61.3% | 55.2% | 61.1% | 41.8% | 57.9% | 51.9% | 58.3% | 61.9% |
| Operating margin | 6.1% | −7.0% | −1.4% | −30.5% | −10.7% | 8.5% | −38.5% | −122.5% | 1.7% | −7.0% | −145.7% | −1.2% |
| Net margin | −5.0% | −8.7% | −64.5% | −28.3% | −14.6% | −15.8% | −25.8% | −74.2% | −2.4% | −4.0% | −74.9% | 3.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SBDS's financial statements (latest annual report filed March 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SBDS financial results
In fiscal year 2025 (ended December 31, 2025), Solo Brands reported revenue of $316.6 million, down 30.4% from the year before. It had a net loss of $101.3 million, a net profit margin of −32.0%. Diluted earnings per share came to −$56.38. Over five years revenue grew at an average rate of 18.9% a year.
See the SBDS stock overview for the latest quote and news, or the SBDS chart for price history and technical indicators.
SBDS income statement FAQ
What is Solo Brands's annual revenue?
Solo Brands reported total revenue of $316.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 30.4% from $454.6 million the previous year.
Is Solo Brands profitable?
No. Solo Brands reported a net loss of $101.3 million in fiscal 2025, a net profit margin of −32.0%; its operating margin was −6.6%.
What is Solo Brands's gross margin?
Solo Brands's gross margin was 51.3% in fiscal 2025: for every $100 of revenue, Solo Brands kept $51 after the direct cost of its products and services.
How fast is Solo Brands growing?
Revenue grew 18.9% a year on average over the last five fiscal years, from $133.4 million to $316.6 million.
What are Solo Brands's earnings per share?
Solo Brands earned $-56.38 per diluted share in fiscal 2025, compared with $4.80 a year earlier.
When does Solo Brands's fiscal year end?
Solo Brands's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 23, 2026.