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.
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CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| Net revenues | $7,380,921 | $11,555,656 |
| Cost of net revenues | 6,326,300 | 7,911,536 |
| Gross profit | 1,054,621 | 3,644,120 |
| Operating expenses: | ||
| General and administrative | 9,674,699 | 8,652,361 |
| Sales and marketing | 14,596,126 | 2,896,698 |
| Distribution | 643,569 | 907,843 |
| Impairment of goodwill and intangible assets | 5,674,004 | 1,388,000 |
| Total operating expenses | 30,588,398 | 13,844,902 |
| Loss from operations | (29,533,777) | (10,200,782) |
| Other income (expense): | ||
| Change in fair value of share based payment liability | 1,714,790 | - |
| Interest expense | (514,584) | (2,941,171) |
| Other non-operating income (expenses) | 81,013 | (83,680) |
| Total other income (expense), net | 1,281,219 | (3,024,851) |
| Income tax benefit (provision) | - | 119,044 |
| Net loss | $(28,252,558) | $(13,106,589) |
| Deemed dividend on modification of Series D preferred stock | (2,104,688) | - |
| Net loss attributable to common stockholders | $(30,357,246) | $(13,106,589) |
| Weighted average common shares outstanding - basic and diluted | 13,956,769 | 170,853 |
| Net loss per common share - basic and diluted | $(2.18) | $(76.71) |
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