Solo Brands, Inc.
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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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Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(18,577) | $(6,484) |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
| Depreciation and amortization | 7,136 | 6,497 |
| Noncash operating lease expense | 1,985 | 2,290 |
| Restructuring, contract termination and impairment charges | 564 | — |
| Other | 305 | 397 |
| Equity-based compensation, net of income tax expense (benefit) | 55 | 1,229 |
| Deferred income taxes | (1,371) | 966 |
| Changes in assets and liabilities | ||
| Accounts receivable | (13,953) | 3,853 |
| Inventory | 5,605 | (925) |
| Prepaid expenses and other current assets | 1,711 | (2,979) |
| Accounts payable | (46,602) | 2,716 |
| Accrued expenses and other current liabilities | (7,094) | (22,170) |
| Deferred revenue | (287) | (2,865) |
| Operating lease liabilities | (1,438) | (1,124) |
| Other non-current assets and liabilities | (3,227) | 72 |
| Net cash (used in) provided by operating activities | (75,188) | (18,527) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (3,207) | (2,387) |
| Net cash (used in) provided by investing activities | (3,207) | (2,387) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from credit facility | 277,322 | 22,000 |
| Repayments of loan and credit facility | (500) | (1,250) |
| Debt issuance costs paid | (3,798) | — |
| Distributions to non-controlling interests | — | (4,284) |
| Surrender of stock to settle taxes on restricted stock awards | (213) | (122) |
| Net cash (used in) provided by financing activities | 272,811 | 16,344 |
| Effect of exchange rate changes on cash | (2) | 139 |
| Net change in cash and cash equivalents | 194,414 | (4,431) |
| Cash and cash equivalents balance, beginning of period | 11,980 | 19,842 |
| Cash and cash equivalents balance, end of period | $206,394 | $15,411 |
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