Digital Brands Group, Inc.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 15, 2026
DBGI$0.19-31.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS
| Year Ended | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $1,934,831 | $164,431 |
| Restricted cash | 5,744,174 | - |
| Accounts receivable, net | 153,983 | 44,067 |
| Due from factor, net | 273,437 | 390,186 |
| Inventory | 3,136,660 | 3,823,940 |
| Prepaid expenses and other current assets | 9,372,958 | 274,643 |
| Total current assets | 20,616,043 | 4,697,267 |
| Property, equipment and software, net | 15,736 | 24,089 |
| Goodwill | 5,788,445 | 8,973,501 |
| Intangible assets, net | 4,494,871 | 6,120,039 |
| Deposits | 82,331 | 75,431 |
| Prepaid marketing expenses | 13,491,954 | - |
| Total assets | $44,489,380 | $19,890,327 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $6,270,892 | $6,424,661 |
| Accrued expenses and other liabilities | 5,561,491 | 5,257,102 |
| Due to related parties | 370,921 | 411,921 |
| Convertible note payable, net | - | 100,000 |
| Accrued interest payable | 2,787,506 | 2,328,078 |
| Loan payable, current | 2,624,749 | 2,798,116 |
| Stock payable | 4,951,128 | - |
| Promissory note payable | 3,500,000 | 3,500,000 |
| Total current liabilities | 26,066,687 | 20,819,878 |
| Share based payment liability | 9,405,699 | - |
| Loans payable | - | 150,000 |
| Deferred tax liability | 248,990 | 248,990 |
| Total liabilities | 35,721,376 | 21,218,868 |
| Commitments and contingencies (Note 14) | - | - |
| Stockholders’ equity (deficit): | ||
| Undesignated preferred stock, $0.0001 par, 10,000,000 shares authorized, 0 shares issued and outstanding as of both December 31, 2025 and 2024 | - | - |
| Series A convertible preferred stock, $0.0001 par, 6,300 shares designated, 6,300 shares issued and outstanding as of both December 31, 2025 and 2024 | 1 | 1 |
| Series C convertible preferred stock, $0.0001 par, 1,344 shares issued and outstanding as of both December 31, 2025 and 2024, respectively | 1 | 1 |
| Series D convertible preferred stock, $0.0001 par, 15,906 and 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 2 | - |
| Common stock, $0.0001 par, 1,000,000,000 shares authorized, 8,788,335 and 838,583 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 879 | 83 |
| Additional paid-in capital | 164,120,717 | 125,772,412 |
| Accumulated deficit | (155,353,596) | (127,101,038) |
| Total stockholders’ equity (deficit) | 8,768,004 | (1,328,541) |
| Total liabilities and stockholders’ equity (deficit) | $44,489,380 | $19,890,327 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.