Solo Brands, Inc.
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 6, 2025
SBDS$2.61-12.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets
| (In thousands, except par value and per share data) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $16,334 | $11,980 |
| Accounts receivable, net of allowance for credit losses of $1.3 million and $1.1 million as of September 30, 2025 and December 31, 2024, respectively | 15,865 | 39,440 |
| Inventory | 84,831 | 108,575 |
| Prepaid expenses and other current assets | 11,220 | 12,223 |
| Total current assets | 128,250 | 172,218 |
| Non-current assets | ||
| Property and equipment, net | 15,784 | 24,195 |
| Intangible assets, net | 177,212 | 189,701 |
| Goodwill | 73,119 | 73,119 |
| Operating lease right-of-use assets | 20,377 | 27,683 |
| Other non-current assets | 16,303 | 8,144 |
| Total non-current assets | 302,795 | 322,842 |
| Total assets | $431,045 | $495,060 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $10,662 | $69,598 |
| Accrued expenses and other current liabilities | 27,003 | 41,661 |
| Deferred revenue | 1,200 | 1,829 |
| Current portion of long-term debt | 1,200 | 8,625 |
| Total current liabilities | 40,065 | 121,713 |
| Non-current liabilities | ||
| Long-term debt, net | 233,966 | 142,060 |
| Deferred tax liability | 5,698 | 6,795 |
| Operating lease liabilities | 16,300 | 22,079 |
| Other non-current liabilities | 1,210 | 9,056 |
| Total non-current liabilities | 257,174 | 179,990 |
| Commitments and contingencies (Note 1) | ||
| Shareholders’ equity | ||
| Class A common stock, par value $0.001 per share; 475,000,000 shares authorized; 1,647,611 and 1,470,000 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 2 | 1 |
| Class B common stock, par value $0.001 per share; 50,000,000 shares authorized, 827,326 shares issued and outstanding as of September 30, 2025 and December 31, 2024 | 1 | 1 |
| Additional paid-in capital | 369,665 | 363,691 |
| Retained earnings (accumulated deficit) | (269,329) | (228,814) |
| Accumulated other comprehensive income (loss) | (246) | (434) |
| Treasury stock | (956) | (733) |
| Equity attributable to the controlling interest | 99,137 | 133,712 |
| Equity attributable to non-controlling interests | 34,669 | 59,645 |
| Total equity | 133,806 | 193,357 |
| Total liabilities and equity | $431,045 | $495,060 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.