Solo Brands Inc

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 7, 2024

SBDS$4.050.0%Stored close · as of Jul 8, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Equity

Class A Common Stock · Class B Common Stock
(In thousands)	Shares	Amount	Shares	Amount	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Non-controlling Interest	Total Shareholders’ Equity
Balance at December 31, 2023	57,948	$58	33,048	$33	$357,385	$(115,458)	$(230)	$(526)	$131,001	$372,263
Net income (loss)	—	—	—	—	—	(3,402)	—	—	(3,082)	(6,484)
Equity-based compensation, net of income tax expense (benefit)	—	—	—	—	1,109	—	—	—	—	1,109
Other comprehensive income (loss)	—	—	—	—	—	—	(43)	—	—	(43)
Tax distributions to non-controlling interests	—	—	—	—	—	—	—	—	(4,284)	(4,284)
Surrender of stock to settle taxes on equity awards	—	—	—	—	—	—	—	(122)	—	(122)
Vested equity-based compensation and re-allocation of ownership percentage	213	—	20	—	(349)	—	—	—	349	—
Balance at March 31, 2024	58,161	$58	33,068	$33	$358,145	$(118,860)	$(273)	$(648)	$123,984	$362,439
Net income (loss)	—	—	—	—	—	(3,111)	—	—	(926)	(4,037)
Equity-based compensation, net of income tax expense (benefit)	—	—	—	—	1,230	—	—	—	—	1,230
Other comprehensive income (loss)	—	—	—	—	—	—	(33)	—	—	(33)
Employee stock purchase plan	54	1	—	—	178	—	—	—	—	179
Surrender of stock to settle taxes on equity awards	—	—	—	—	—	—	—	(31)	—	(31)
Vested equity-based compensation and re-allocation of ownership percentage	298	—	3	—	41	—	—	—	(41)	—
Balance at June 30, 2024	58,513	$59	33,071	$33	$359,594	$(121,971)	$(306)	$(679)	$123,017	$359,747
Net income (loss)	—	—	—	—	—	(69,864)	—	—	(41,589)	(111,453)
Equity-based compensation, net of income tax expense (benefit)	—	—	—	—	1,542	—	—	—	—	1,542
Equity-based compensation for non-employees	—	—	—	—	137	—	—	—	—	137
Other comprehensive income (loss)	—	—	—	—	—	—	82	—	—	82
Surrender of stock to settle taxes on equity awards	—	—	—	—	—	—	—	(35)	—	(35)
Vested equity-based compensation and re-allocation of ownership percentage	46	—	17	—	(583)	—	—	—	583	—
Balance at September 30, 2024	58,559	$59	33,088	$33	$360,690	$(191,835)	$(224)	$(714)	$82,011	$250,020

Consolidated Statements of Equity

Class A Common Stock · Class B Common Stock
(In thousands) · Shares · Amount · Shares · Amount · Additional Paid-in Capital · Retained Earnings (Accumulated Deficit) · Accumulated Other Comprehensive Income (Loss) · Treasury Stock · Non-controlling Interest · Total Equity
Balance at December 31, 2022	63,651	$64		32,158	$32	$358,118		$5,746		$(499)		$(35)		$211,571		$574,997
Net income (loss)	—		—		—		—			—			924			—		—		9		933
Equity-based compensation, net of income tax expense (benefit)	—		—		—		—			3,703			—			—		—		1,061		4,764
Other comprehensive income (loss)	—		—		—		—			—			—			70		—		34		104
Tax distributions to non-controlling interests	—		—		—		—			—			—			—		—		(6,178)		(6,178)
Vested equity-based compensation and re-allocation of ownership percentage	38		—		227		—		(829)		—		—		—		829	—
Balance at March 31, 2023	63,689		$64		32,385		$32			$360,992			$6,670			$(429)		$(35)		$207,326		$574,620
Net income (loss)	—		—		—		—			—			7,424			—		—		4,090		11,514
Equity-based compensation, net of income tax expense (benefit)	—		—		—		—			5,345			—			—		—		1,155		6,500
Other comprehensive income (loss)	—		—		—		—			—			—			117		—		50		167
Tax distributions to non-controlling interests	—		—		—		—			—			—			—		—		(1,225)		(1,225)
Employee stock purchase plan	36		—		—		—			106			—			—		—		—		106
Common stock repurchase	(5,639)		—		—		—		—		19,888		—		(28,479)		—	(8,591)
Treasury stock retirement	—		(6)		—		—		—		(28,022)		—		28,028		—	—
Surrender of stock to settle taxes on equity awards	—		—		—		—		52		—		—		—		—	52
Vested equity-based compensation and re-allocation of ownership percentage	216		—		225		1		(13,115)		—		—		—		13,116	2
Balance at June 30, 2023	58,302		$58		32,610		$33			$353,380			$5,960			$(312)		$(486)		$224,512		$583,145
Net income (loss)	—		—		—		—			—			4,128			—		—		(1,045)		3,083
Equity-based compensation, net of income tax expense (benefit)	—		—		—		—			1,083			—			—		—		1,141		2,224
Other comprehensive income (loss)	—		—		—		—			—			—			(429)		—		(284)		(713)
Tax distributions to non-controlling interests	—		—		—		—			—			—			—		—		(1,540)		(1,540)
Common stock repurchase	(1,696)		—		—		—		—		1,783		—		(8,213)		—	(6,430)
Re-issuance of treasury stock	1,068		—		—		—		545		—		—		5,342		—	5,887
Treasury stock retirement	—		—		—		—		—		(3,136)		—		3,136		—	—
Surrender of stock to settle taxes on equity awards	—		—		—		—		—		—		—		(94)		—	(94)
Vested equity-based compensation and re-allocation of ownership percentage	77		—		223		—		(2,250)		—		—		—		2,248	(2)
Balance at September 30, 2023	57,751		$58		32,833		$33			$352,758			$8,735			$(741)		$(315)	—		$225,032		$585,560

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.