Solo Brands, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
View on SEC.govAbout 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.
Jun 30, 2025 · Filed Aug 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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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, 2024 | 1,470 | $1 | 827 | $1 | $363,691 | $(228,814) | $(434) | $(733) | $59,645 | $193,357 |
| Net income (loss) | — | — | — | — | — | (12,192) | — | — | (6,385) | (18,577) |
| Equity-based compensation, net of income tax expense (benefit) | 10 | — | — | — | 368 | — | — | — | (313) | 55 |
| Surrender of stock to settle taxes on equity awards | — | — | — | — | — | — | — | (213) | — | (213) |
| Vested equity-based compensation and re-allocation of ownership percentage | — | — | — | — | (9) | — | — | — | 9 | — |
| Balance at March 31, 2025 | 1,480 | $1 | 827 | $1 | $364,050 | $(241,006) | $(434) | $(946) | $52,956 | $174,622 |
| Net income (loss) | — | — | — | — | — | (13,468) | — | — | (7,299) | (20,767) |
| Equity-based compensation, net of income tax expense (benefit) | — | — | — | — | 582 | — | — | — | 325 | 907 |
| Other comprehensive income (loss) | — | — | — | — | — | — | 181 | — | — | 181 |
| Surrender of stock to settle taxes on equity awards | — | — | — | — | — | — | — | (3) | — | (3) |
| Issuance of Class A common stock in lieu of cash lender consent fee | 122 | — | — | — | 750 | — | — | — | — | 750 |
| Other | — | — | — | — | (2) | 171 | — | — | — | 169 |
| Vested equity-based compensation and re-allocation of ownership percentage(1) | 21 | — | — | — | 3,306 | — | — | — | (3,306) | — |
| Balance at June 30, 2025 | 1,623 | $2 | 827 | $1 | $368,686 | $(254,303) | $(253) | $(949) | $42,676 | $155,860 |
(1) Reflects the re-allocation of equity from the non-controlling interest to the Company in relation to the share issuance to a certain lender in lieu of a cash consent fee, in connection with the refinancing activity described in Note 11, Debt, Net.
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, 2023 | 1,449 | $1 | 826 | $1 | $357,474 | $(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 | 5 | — | 1 | — | (349) | — | — | — | 349 | — |
| Balance at March 31, 2024 | 1,454 | $1 | 827 | $1 | $358,234 | $(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 | 1 | — | — | — | 179 | — | — | — | — | 179 |
| Surrender of stock to settle taxes on equity awards | — | — | — | — | — | — | — | (31) | — | (31) |
| Vested equity-based compensation and re-allocation of ownership percentage | 7 | — | — | — | 41 | — | — | — | (41) | — |
| Balance at June 30, 2024 | 1,462 | $1 | 827 | $1 | $359,684 | $(121,971) | $(306) | $(679) | $123,017 | $359,747 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.