Solo Brands, Inc.

For the period ended Mar 31, 2025. Filed May 12, 2025.

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.

Mar 31, 2025 · Filed May 12, 2025

SBDS$2.61-12.7%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets (Unaudited)

Consolidated Balance Sheets

(In thousands, except par value and per unit data)	March 31, 2025	December 31, 2024
ASSETS
Current assets
Cash and cash equivalents	$206,394	$11,980
Accounts receivable, net of allowance for credit losses of $1.3 million and $1.1 million as of March 31, 2025 and December 31, 2024, respectively	52,862	39,440
Inventory	103,068	108,575
Prepaid expenses and other current assets	10,286	12,223
Total current assets	372,610	172,218
Non-current assets
Property and equipment, net	23,111	24,195
Intangible assets, net	185,430	189,701
Goodwill	73,119	73,119
Operating lease right-of-use assets	24,679	27,683
Other non-current assets	13,450	8,144
Total non-current assets	319,789	322,842
Total assets	$692,399	$495,060
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable	$23,029	$69,598
Accrued expenses and other current liabilities	34,509	41,661
Deferred revenue	1,542	1,829
Current debt, net	427,890	8,625
Total current liabilities	486,970	121,713
Non-current liabilities
Long-term debt, net	—	142,060
Deferred tax liability	5,440	6,795
Operating lease liabilities	20,048	22,079
Other non-current liabilities	5,319	9,056
Total non-current liabilities	30,807	179,990
Commitments and contingencies (Note 1)
Shareholders’ equity
Class A common stock, par value $0.001 per share; 475,000,000 shares authorized; 59,186,521 shares issued and outstanding as of March 31, 2025; 58,800,001 issued and outstanding as of December 31, 2024	59	59
Class B common stock, par value $0.001 per share; 50,000,000 shares authorized, 33,091,989 shares issued and outstanding as of March 31, 2025 and December 31, 2024	33	33
Additional paid-in capital	363,960	363,601
Retained earnings (accumulated deficit)	(241,006)	(228,814)
Accumulated other comprehensive income (loss)	(434)	(434)
Treasury stock	(946)	(733)
Equity attributable to the controlling interest	121,666	133,712
Equity attributable to non-controlling interests	52,956	59,645
Total equity	174,622	193,357
Total liabilities and equity	$692,399	$495,060

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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.