Solo Brands, Inc.
For the period ended Dec 31, 2025. Filed Mar 23, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 23, 2026
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(145,437) | $(180,192) |
| Adjustments to reconcile net income (loss) to net cash and cash equivalents provided by (used in) operating activities | ||
| Restructuring, contract termination and impairment charges | 74,041 | 136,099 |
| Depreciation and amortization | 28,542 | 26,632 |
| PIK Interest | 13,139 | — |
| Noncash operating lease expense | 7,461 | 8,517 |
| Amortization of debt issuance costs | 3,490 | 860 |
| Equity-based compensation, net | 3,019 | 6,754 |
| Loss on disposition of TerraFlame manufacturing operations | 1,516 | — |
| Loss (gain) on disposal of property and equipment | 1,015 | — |
| Other | 234 | 922 |
| Inventory charges associated with restructuring and consolidation activities | — | 18,309 |
| Prepaid marketing charges | — | 1,871 |
| Change in fair value of contingent consideration | (787) | 4,438 |
| Deferred income taxes | (57) | (11,684) |
| Changes in assets and liabilities | ||
| Accounts receivable | 8,504 | 3,195 |
| Inventory | 27,400 | (14,673) |
| Prepaid expenses and other current assets | 3,494 | 343 |
| Accrued expenses and other current liabilities | (9,958) | (14,133) |
| Accounts payable | (55,856) | 38,150 |
| Deferred revenue | (190) | (3,481) |
| Operating lease liabilities | (6,024) | (8,586) |
| Other non-current assets and liabilities | (148) | 176 |
| Payments of contingent consideration | — | (3,000) |
| Net cash provided by (used in) operating activities | (46,602) | 10,517 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (12,049) | (14,512) |
| Net cash provided by (used in) investing activities | (12,049) | (14,512) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from revolving credit facilities and term loans | 287,322 | 80,000 |
| Repayments of revolving credit facilities and term loans | (199,322) | (79,250) |
| Debt issuance costs paid | (18,502) | (167) |
| Finance lease liability principal paid | (94) | (144) |
| Net consideration paid to Former Sellers of TerraFlame | (2,500) | — |
| Distributions to non-controlling interests | — | (4,284) |
| Surrender of stock to settle taxes on restricted awards | (359) | (207) |
| Stock issued under employee stock purchase plan | — | 395 |
| Net cash provided by (used in) financing activities | 66,545 | (3,657) |
| Effect of exchange rate changes on cash | 160 | (210) |
| Net change in cash and cash equivalents | 8,054 | (7,862) |
| Cash and cash equivalents balance, beginning of period | 11,980 | 19,842 |
| Cash and cash equivalents balance, end of period | $20,034 | $11,980 |
| SUPPLEMENTAL DISCLOSURES: | ||
|---|---|---|
| Cash interest paid, net of amounts capitalized | $12,147 | $13,469 |
| Cash income taxes paid (received) | ||
| Federal | 511 | 1,954 |
| State: | ||
| California | — | 455 |
| New Jersey | 99 | 356 |
| Other | (276) | 660 |
| State Subtotal | (177) | 1,471 |
| Foreign: | ||
| Canada | — | 260 |
| Netherlands | 95 | 544 |
| Mexico | 591 | — |
| Other | 19 | 55 |
| Foreign Subtotal | 705 | 859 |
| Total cash income taxes paid (net of refunds) | 1,039 | 4,284 |
| Construction in progress in accounts payable | — | 268 |
| Issuance of Class A common stock in lieu of cash lender consent fee | 750 | — |
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