Solo Brands, Inc.
For the period ended Sep 30, 2025. Filed Nov 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.
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.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(62,270) | $(121,974) |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
| Depreciation and amortization | 19,927 | 19,942 |
| PIK Interest | 7,138 | — |
| Noncash operating lease expense | 5,855 | 6,517 |
| Amortization of debt issuance costs | 2,059 | 645 |
| Equity-based compensation, net | 1,833 | 4,545 |
| Loss on disposition of the TerraFlame manufacturing operations | 1,516 | — |
| Inventory charges associated with restructuring and consolidation activities | — | 18,742 |
| Prepaid marketing charges | — | 1,871 |
| Restructuring, contract termination and impairment charges | (220) | 83,618 |
| Other | 861 | 290 |
| Change in fair value of contingent consideration | (787) | 4,721 |
| Deferred income taxes | (1,097) | (9,631) |
| Changes in assets and liabilities | ||
| Accounts receivable | 22,442 | 4,058 |
| Inventory | 24,180 | (12,434) |
| Prepaid expenses and other current assets | 1,036 | (807) |
| Accounts payable | (57,597) | 29,608 |
| Accrued expenses and other current liabilities | (13,759) | (20,282) |
| Deferred revenue | (639) | (3,566) |
| Operating lease liabilities | (4,652) | (4,176) |
| Other non-current assets and liabilities | 1,155 | (1,157) |
| Payments of contingent consideration | — | (3,000) |
| Net cash (used in) provided by operating activities | (53,019) | (2,470) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures - patents, property and equipment | (4,600) | (6,898) |
| Capital expenditures - software | (4,990) | (4,614) |
| Net cash (used in) provided by investing activities | (9,590) | (11,512) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from revolving credit facilities and term loans | 277,322 | 40,000 |
| Repayments of revolving credit facilities and term loans | (189,322) | (28,750) |
| Debt issuance costs paid | (18,502) | — |
| Net consideration paid to Former Sellers of TerraFlame | (2,500) | — |
| Finance lease liability principal paid | — | (144) |
| Distributions to non-controlling interests | — | (4,284) |
| Surrender of stock to settle taxes on restricted stock awards | (223) | (188) |
| Stock issued under employee stock purchase plan | — | 178 |
| Net cash (used in) provided by financing activities | 66,775 | 6,812 |
| Effect of exchange rate changes on cash | 188 | (178) |
| Net change in cash and cash equivalents | 4,354 | (7,348) |
| Cash and cash equivalents balance, beginning of period | 11,980 | 19,842 |
| Cash and cash equivalents balance, end of period | $16,334 | $12,494 |
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