Solo Brands, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 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.
Jun 30, 2025 · Filed Aug 6, 2025
SBDS$2.61-12.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(39,344) | $(10,521) |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
| Depreciation and amortization | 13,799 | 13,127 |
| Noncash operating lease expense | 3,828 | 4,633 |
| Loss on disposition of the TerraFlame manufacturing operations | 1,441 | — |
| Equity-based compensation, net | 962 | 2,866 |
| Other | 414 | 577 |
| Restructuring, contract termination and impairment charges | (588) | — |
| Change in fair value of contingent consideration | (787) | 162 |
| Deferred income taxes | (1,405) | 890 |
| Changes in assets and liabilities | ||
| Accounts receivable | 2,123 | 5,709 |
| Inventory | 26,331 | 10,598 |
| Prepaid expenses and other current assets | (1,935) | (8,068) |
| Accounts payable | (58,306) | 2,349 |
| Accrued expenses and other current liabilities | (11,781) | (17,480) |
| Deferred revenue | (395) | (2,465) |
| Operating lease liabilities | (3,292) | (2,156) |
| Other non-current assets and liabilities | 4,679 | (3,069) |
| Net cash (used in) provided by operating activities | (64,256) | (2,848) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures - patents, property and equipment | (2,940) | (3,060) |
| Capital expenditures - software | (3,474) | (2,165) |
| Net cash (used in) provided by investing activities | (6,414) | (5,225) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from revolving credit facilities and term loans | 277,322 | 30,000 |
| Repayments of revolving credit facilities and term loans | (179,322) | (17,500) |
| Debt issuance costs paid | (18,502) | — |
| Net consideration paid to Former Sellers of TerraFlame | (2,500) | — |
| Finance lease liability principal paid | (155) | — |
| Distributions to non-controlling interests | — | (4,284) |
| Surrender of stock to settle taxes on restricted stock awards | (216) | (153) |
| Stock issued under employee stock purchase plan | — | 178 |
| Net cash (used in) provided by financing activities | 76,627 | 8,241 |
| Effect of exchange rate changes on cash | 181 | 90 |
| Net change in cash and cash equivalents | 6,138 | 258 |
| Cash and cash equivalents balance, beginning of period | 11,980 | 19,842 |
| Cash and cash equivalents balance, end of period | $18,118 | $20,100 |
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