Solo Brands, Inc.
For the period ended Dec 31, 2025. Filed Mar 23, 2026.
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FY2025 · Filed Mar 23, 2026
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Accrued Expenses and Other Current Liabilities
NOTE 12 –Accrued Expenses and Other Current Liabilities
Significant accrued expenses and other current liabilities were as follows (in thousands):
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Inventory(1) | $8,572 | $14,812 |
| Leases(2) | 6,307 | 9,370 |
| Allowance for sales rebates | 4,092 | 3,434 |
| Allowance for sales returns(3) | 2,816 | 4,264 |
| Non-income taxes(4) | 1,877 | 3,602 |
| Income taxes | 1,460 | 56 |
| Payroll | 1,410 | 1,834 |
| Warranty | 1,030 | 844 |
| Other | 3,279 | 3,445 |
| Accrued expenses and other current liabilities | $30,843 | $41,661 |
(1)The inventory line item decreased by $6.2 million, primarily as a result of timing and invoices received subsequent to December 31, 2024.
(2)The leases line item decreased by $3.1 million, primarily as a result of the termination of the leases for three distribution centers, as discussed in Note 3, Restructuring, Contract Termination and Impairment Charges, in 2025.
(3)The allowance for sales returns line item decreased by $1.4 million, primarily as a result of lower sales in full year 2025 when compared to full year 2024.
(4)The non-income taxes line item decreased by $1.7 million, primarily as a result of a reduction in sales tax and VAT accruals driven by the decline in net sales within the Solo Stove segment.
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