Solo Brands Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
SBDS$2.61-12.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
| Year Ended December 31, | ||
|---|---|---|
| (In thousands, except per share data) | 2024 | 2023 |
| Net sales | $454,550 | $494,776 |
| Cost of goods sold | 194,286 | 192,624 |
| Gross profit | 260,264 | 302,152 |
| Operating expenses | ||
| Selling, general & administrative expenses | 262,172 | 249,432 |
| Restructuring, contract termination and impairment charges | 136,099 | 248,967 |
| Depreciation and amortization expenses | 25,702 | 26,593 |
| Other operating expenses | 10,909 | 5,010 |
| Total operating expenses | 434,882 | 530,002 |
| Income (loss) from operations | (174,618) | (227,850) |
| Non-operating (income) expense | ||
| Interest expense, net | 14,004 | 11,004 |
| Other non-operating (income) expense | 528 | (7,297) |
| Total non-operating (income) expense | 14,532 | 3,707 |
| Income (loss) before income taxes | (189,150) | (231,557) |
| Income tax expense (benefit) | (8,958) | (36,225) |
| Net income (loss) | (180,192) | (195,332) |
| Less: net income (loss) attributable to noncontrolling interests | (66,836) | (83,985) |
| Net income (loss) attributable to Solo Brands, Inc. | $(113,356) | $(111,347) |
| Other comprehensive income (loss) | ||
| Foreign currency translation, net of tax | (204) | (268) |
| Comprehensive income (loss) | (180,396) | (195,600) |
| Less: other comprehensive income (loss) attributable to noncontrolling interests | (66) | (97) |
| Less: net income (loss) attributable to noncontrolling interests | (66,836) | (83,985) |
| Comprehensive income (loss) attributable to Solo Brands, Inc. | (113,494) | (111,518) |
| Net income (loss) per Class A common stock | ||
| Basic and diluted | $(1.94) | $(1.84) |
| Weighted-average Class A common stock outstanding | ||
| Basic and diluted | 58,388 | 60,501 |
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