Solo Brands, Inc.(SBDS)Earnings, Financials & Key Ratios
SBDS•NYSE
$5.00
$8M mkt cap·Price updated May 7, 2026
AboutSolo Brands, Inc. operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories. It offers swim trunks, casual shorts, sport products, polos, shirts, and lounge products under the Chubbies brand name; consumables, such as color packs, starters, natural charcoal, fuel, pellets, and firewood products; and accessories under the Solo Stove, Oru, and ISLE brands. Solo Brands, Inc. was founded in 2011 and is headquartered in Grapevine, Texas.Show more
- Revenue$317M-30.4%
- EBITDA$6M+103.8%
- Net Income-$145M-28.3%
- EPS (Diluted)-91.99-18.5%
- Gross Margin59.41%+3.8%
- EBITDA Margin1.8%+105.5%
- Operating Margin-6.31%+83.6%
- Net Margin-45.94%-84.2%
- ROE-118.84%-196.5%
- ROIC-11.57%+67.0%
- Debt/Equity0.31+92.2%
- Interest Coverage-0.75+94.0%
SBDS Key Insights
Solo Brands, Inc. (SBDS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 18.9%
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 9 (bottom 9%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SBDS Price & Volume
Solo Brands, Inc. (SBDS) stock price & volume — 10-year historical chart
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SBDS Growth Metrics
Solo Brands, Inc. (SBDS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years18.86%
3 Years-15.12%
TTM-30.35%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM23.34%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-296.21%
Return on Capital
10 Years-13.48%
5 Years-11.38%
3 Years-25.39%
Last Year-5.82%
SBDS Peer Comparison
Solo Brands, Inc. (SBDS) competitors in Sporting Goods and Outdoor Retail — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 YETI | 3.25B | 41.67 | 20.53 | 2.11% | 8.75% | 22.82% | 0.25 | |
 PRPL | 55.98M | 0.51 | -1.07 | -3.93% | -7.02% | |||
 BIRD | 35.27M | 6.22 | -0.52 | -25.31% | -51.9% | -108.35% | 0.53 | |
 NWL | 1.89B | 4.45 | -6.54 | -4.99% | -3.91% | -11.1% | 2.36 | |
 COLM | 3.31B | 63.32 | 19.54 | 0.84% | 4.98% | 10.26% | 0.51 | |
 CLAR | 110.98M | 2.89 | -2.39 | -4.65% | -17.59% | -21.22% | 0.06 | |
 LESL | 13.32M | 1.43 | -0.06 | -6.63% | -22.69% | |||
 SWIM | 672.51M | 5.75 | 61.96 | 7.35% | 1.55% | 2.13% | 0.09 |
Compare SBDS vs Peers
Solo Brands, Inc. (SBDS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SBDS Income Statement
Solo Brands, Inc. (SBDS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 39.85M | 133.43M | 403.72M | 517.63M | 494.78M | 454.55M | 316.58M |
| Revenue Growth % | - | 234.81% | 202.57% | 28.22% | -4.41% | -8.13% | -30.35% |
| Cost of Goods Sold | 17.22M | 46.46M | 144.81M | 199.45M | 192.62M | 194.29M | 128.5M |
| COGS % of Revenue | 43.2% | 34.82% | 35.87% | 38.53% | 38.93% | 42.74% | 40.59% |
| Gross Profit | 22.64M▲ 0% | 86.97M▲ 284.2% | 258.91M▲ 197.7% | 318.18M▲ 22.9% | 302.15M▼ 5.0% | 260.26M▼ 13.9% | 188.08M▼ 27.7% |
| Gross Margin % | 56.8% | 65.18% | 64.13% | 61.47% | 61.07% | 57.26% | 59.41% |
| Gross Profit Growth % | - | 284.21% | 197.7% | 22.89% | -5.04% | -13.86% | -27.73% |
| Operating Expenses | 51.3M | 107.43M | 190.04M | 287.22M | 530M | 434.88M | 176.25M |
| OpEx % of Revenue | 128.73% | 80.51% | 47.07% | 55.49% | 107.12% | 95.67% | 55.67% |
| Selling, General & Admin | 16.37M | 40.01M | 159.52M | 259.05M | 249.43M | 262.17M | 176.25M |
| SG&A % of Revenue | 41.07% | 29.99% | 39.51% | 50.05% | 50.41% | 57.68% | 55.67% |
| Research & Development | 0 | 0 | 300K | 1.1M | 700K | 0 | 0 |
| R&D % of Revenue | - | - | 0.07% | 0.21% | 0.14% | - | - |
| Other Operating Expenses | 34.93M | 67.41M | 30.52M | 28.17M | 279.87M | 172.71M | 0 |
| Operating Income | -28.66M▲ 0% | -20.46M▲ 28.6% | 68.86M▲ 436.6% | 61.54M▼ 10.6% | -227.85M▼ 470.2% | -174.62M▲ 23.4% | -19.99M▲ 88.6% |
| Operating Margin % | -71.93% | -15.33% | 17.06% | 11.89% | -46.05% | -38.42% | -6.31% |
| Operating Income Growth % | - | 28.63% | 436.62% | -10.63% | -470.24% | 23.36% | 88.55% |
| EBITDA | -27.84M | -14.79M | 87.09M | 86.13M | -200.5M | -148.92M | 5.69M |
| EBITDA Margin % | -69.86% | -11.08% | 21.57% | 16.64% | -40.52% | -32.76% | 1.8% |
| EBITDA Growth % | - | 46.9% | 689.05% | -1.1% | -332.78% | 25.73% | 103.82% |
| D&A (Non-Cash Add-back) | 823K | 5.67M | 18.23M | 24.59M | 27.35M | 25.7M | 25.67M |
| EBIT | -29.01M | -20.9M | 68.86M | 30.95M | 21.12M | -175.15M | -19.99M |
| Net Interest Income | -519K | -2.59M | -10.13M | -6.27M | -11M | -14M | 0 |
| Interest Income | 6K | 3.21M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 525K | 3.21M | 10.13M | 6.27M | 11M | 14M | 26.56M |
| Other Income/Expense | -872K | -3.65M | -10.34M | -6.98M | -3.71M | -14.53M | -122.03M |
| Pretax Income | -29.54M▲ 0% | -24.1M▲ 18.4% | 58.52M▲ 342.8% | -6.62M▼ 111.3% | -231.56M▼ 3398.4% | -189.15M▲ 18.3% | -142.01M▲ 24.9% |
| Pretax Margin % | -74.12% | -18.07% | 14.5% | -1.28% | -46.8% | -41.61% | -44.86% |
| Income Tax | 3K | 99K | 2.02M | 1M | -36.23M | -8.96M | 3.42M |
| Effective Tax Rate % | -0.01% | -0.41% | 3.46% | -15.12% | 15.64% | 4.74% | -2.41% |
| Net Income | -29.54M▲ 0% | -24.2M▲ 18.1% | 48.65M▲ 301.0% | -7.62M▼ 115.7% | -111.35M▼ 1361.2% | -113.36M▼ 1.8% | -145.44M▼ 28.3% |
| Net Margin % | -74.12% | -18.14% | 12.05% | -1.47% | -22.5% | -24.94% | -45.94% |
| Net Income Growth % | - | 18.07% | 301.02% | -115.66% | -1361.25% | -1.8% | -28.3% |
| Net Income (Continuing) | -29.54M | 13.16M | 56.49M | -7.62M | -195.33M | -180.19M | -145.44M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 213.29M | 211.57M | 131M | 59.65M | 5.4M |
| EPS (Diluted) | -12.40▲ 0% | -15.60▼ 25.8% | 30.80▲ 297.4% | -4.80▼ 115.6% | -73.60▼ 1433.3% | -77.60▼ 5.4% | -91.99▼ 18.5% |
| EPS Growth % | - | -25.81% | 297.44% | -115.58% | -1433.33% | -5.43% | -18.54% |
| EPS (Basic) | -12.40 | -15.60 | 20.40 | -4.80 | -73.60 | -77.60 | -91.99 |
| Diluted Shares Outstanding | 2.42M | 1.54M | 1.58M | 1.59M | 1.51M | 1.46M | 1.58M |
| Basic Shares Outstanding | 2.42M | 1.54M | 1.58M | 1.59M | 1.51M | 1.46M | 1.58M |
| Dividend Payout Ratio | - | - | 68.16% | - | - | - | - |
SBDS Balance Sheet
Solo Brands, Inc. (SBDS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 12.29M | 51.59M | 158.84M | 195.1M | 196.07M | 172.22M | 140.21M |
| Cash & Short-Term Investments | 5.03M | 32.75M | 25.1M | 23.29M | 19.84M | 11.98M | 20.03M |
| Cash Only | 5.03M | 32.75M | 25.1M | 23.29M | 19.84M | 11.98M | 20.03M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.28M | 4.17M | 21.51M | 30.11M | 53.47M | 39.44M | 29.76M |
| Days Sales Outstanding | 11.72 | 11.4 | 19.45 | 21.23 | 39.45 | 31.67 | 34.32 |
| Inventory | 5.84M | 14.35M | 102.33M | 132.99M | 116.57M | 108.58M | 81.65M |
| Days Inventory Outstanding | 123.75 | 112.73 | 257.94 | 243.37 | 220.89 | 203.98 | 231.92 |
| Other Current Assets | 0 | 0 | 9.89M | 12.64M | 4.19M | 12.22M | 8.77M |
| Total Non-Current Assets | 93.21M | 490.81M | 678.9M | 667.25M | 463.25M | 322.84M | 220.13M |
| Property, Plant & Equipment | 135K | 980K | 10.6M | 15.17M | 58.64M | 51.88M | 31.1M |
| Fixed Asset Turnover | 295.20x | 136.15x | 38.08x | 34.13x | 8.44x | 8.76x | 10.18x |
| Goodwill | 52.7M | 289.1M | 410.56M | 382.66M | 169.65M | 73.12M | 73.12M |
| Intangible Assets | 40.3M | 200.59M | 257.23M | 234.63M | 221.01M | 189.7M | 100.04M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 83K | 149K | 506K | 34.79M | 13.95M | 8.14M | 15.87M |
| Total Assets | 105.5M▲ 0% | 542.41M▲ 414.1% | 837.74M▲ 54.4% | 862.35M▲ 2.9% | 659.32M▼ 23.5% | 495.06M▼ 24.9% | 360.34M▼ 27.2% |
| Asset Turnover | 0.38x | 0.25x | 0.48x | 0.60x | 0.75x | 0.92x | 0.88x |
| Asset Growth % | - | 414.14% | 54.45% | 2.94% | -23.54% | -24.91% | -27.21% |
| Total Current Liabilities | 7.67M | 137.28M | 46.57M | 67.01M | 88.56M | 121.71M | 47.37M |
| Accounts Payable | 75K | 1.38M | 11.77M | 11.78M | 21.85M | 69.6M | 13.07M |
| Days Payables Outstanding | 1.59 | 10.82 | 29.68 | 21.56 | 41.4 | 130.75 | 37.13 |
| Short-Term Debt | 0 | 450K | 3.13M | 5M | 6.25M | 8.63M | 1.8M |
| Deferred Revenue (Current) | 36K | 20.25M | 3.52M | 6.85M | 5.31M | 1.83M | 1.65M |
| Other Current Liabilities | 5.32M | 114.33M | 16.55M | 12.4M | 38.35M | 41.66M | 30.84M |
| Current Ratio | 1.60x | 0.38x | 3.41x | 2.91x | 2.21x | 1.41x | 2.96x |
| Quick Ratio | 0.84x | 0.27x | 1.21x | 0.93x | 0.90x | 0.52x | 1.24x |
| Cash Conversion Cycle | 133.88 | 113.3 | 247.71 | 243.04 | 218.95 | 104.9 | 229.1 |
| Total Non-Current Liabilities | 23.68M | 73.03M | 217M | 220.34M | 198.49M | 179.99M | 261.58M |
| Long-Term Debt | 23.61M | 72.9M | 125.02M | 108.38M | 142.99M | 22.08M | 13.89M |
| Capital Lease Obligations | 0 | 0 | 0 | 29.13M | 25.66M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 91.24M | 82.62M | 17.32M | 6.79M | 6.74M |
| Other Non-Current Liabilities | 70K | 133K | 729K | 205K | 12.52M | 151.12M | 240.95M |
| Total Liabilities | 31.34M | 210.31M | 263.57M | 287.35M | 287.06M | 301.7M | 308.94M |
| Total Debt | 23.61M | 73.35M | 128.15M | 113.38M | 182.48M | 30.7M | 15.69M |
| Net Debt | 18.58M | 40.59M | 103.05M | 90.09M | 162.63M | 18.72M | -4.35M |
| Debt / Equity | 0.32x | 0.22x | 0.22x | 0.20x | 0.49x | 0.16x | 0.31x |
| Debt / EBITDA | - | - | 1.47x | 1.32x | - | - | 2.76x |
| Net Debt / EBITDA | - | - | 1.18x | 1.05x | - | - | -0.76x |
| Interest Coverage | -54.60x | -6.38x | 6.79x | 9.81x | -20.71x | -12.47x | -0.75x |
| Total Equity | 74.16M▲ 0% | 332.1M▲ 347.8% | 574.17M▲ 72.9% | 575M▲ 0.1% | 372.26M▼ 35.3% | 193.36M▼ 48.1% | 51.4M▼ 73.4% |
| Equity Growth % | - | 347.85% | 72.89% | 0.14% | -35.26% | -48.06% | -73.42% |
| Book Value per Share | 30.64 | 216.13 | 363.36 | 362.42 | 246.12 | 132.46 | 32.51 |
| Total Shareholders' Equity | 74.16M | 332.1M | 360.88M | 363.43M | 241.26M | 193.36M | 51.4M |
| Common Stock | 79.18M | 340.42M | 94K | 96K | 91K | 92K | 3K |
| Retained Earnings | -5.02M | -8.32M | 10.69M | 5.75M | -115.46M | -228.81M | -329.96M |
| Treasury Stock | 0 | 0 | 0 | -35K | -526K | -733K | 0 |
| Accumulated OCI | 0 | 0 | 6K | -499K | -230K | -434K | -274K |
| Minority Interest | 0 | 0 | 213.29M | 211.57M | 131M | 59.65M | 5.4M |
SBDS Cash Flow Statement
Solo Brands, Inc. (SBDS) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -19.82M | 32.68M | -10.25M | 32.4M | 62.42M | 10.52M | -46.6M |
| Operating CF Margin % | -49.73% | 24.49% | -2.54% | 6.26% | 12.62% | 2.31% | -14.72% |
| Operating CF Growth % | - | 264.9% | -131.35% | 416.17% | 92.69% | -83.15% | -543.11% |
| Net Income | -29.54M | -24.2M | 56.49M | -7.62M | -111.35M | -180.19M | -145.44M |
| Depreciation & Amortization | 823K | 5.67M | 18.23M | 24.59M | 27.35M | 26.63M | 28.54M |
| Stock-Based Compensation | 0 | 0 | 7.33M | 18.6M | 14.72M | 6.75M | 3.02M |
| Deferred Taxes | 0 | 0 | -3.14M | -10.5M | -47.04M | -11.68M | -57K |
| Other Non-Cash Items | 953K | 19.88M | 2.42M | 39.7M | 167.02M | 168.02M | 100.11M |
| Working Capital Changes | 7.95M | 31.33M | -91.58M | -32.37M | 11.72M | 991K | -32.78M |
| Change in Receivables | -956K | -2.46M | -15.04M | -5.92M | 295K | 3.19M | 8.5M |
| Change in Inventory | 4.04M | -2.08M | -49.41M | -30.88M | 28.18M | -14.67M | 27.4M |
| Change in Payables | 71K | 1.3M | 5.01M | 2.68M | 9.56M | 38.15M | -55.86M |
| Cash from Investing | -52.43M | -274.1M | -143.89M | -10.02M | -53.08M | -14.51M | -12.05M |
| Capital Expenditures | -118K | -958K | -10.64M | -9.24M | -9.09M | -14.51M | -12.05M |
| CapEx % of Revenue | 0.3% | 0.72% | 2.64% | 1.79% | 1.84% | 3.19% | 3.81% |
| Acquisitions | -52.31M | -273.14M | -133.31M | -774K | -34.6M | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 64K | 0 | -9.39M | 0 | 0 |
| Cash from Financing | 73.98M | 281.07M | 146.48M | -23.54M | -12.87M | -3.66M | 66.55M |
| Debt Issued (Net) | 23.57M | 48.97M | 56.88M | -15.63M | 34.62M | 606K | 66.9M |
| Equity Issued (Net) | 1000K | 1000K | 1000K | -35K | -1000K | 0 | 0 |
| Dividends Paid | -3.96M | -16.52M | -33.16M | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -35K | -36.96M | 0 | 0 |
| Other Financing | 0 | -1.38M | -111.83M | -7.88M | -10.22M | -4.26M | -359K |
| Net Change in Cash | 209K▲ 0% | 27.73M▲ 13167.0% | -7.65M▼ 127.6% | -1.81M▲ 76.4% | -3.45M▼ 90.9% | -7.86M▼ 127.8% | 8.05M▲ 202.4% |
| Free Cash Flow | -19.93M▲ 0% | 31.72M▲ 259.1% | -20.89M▼ 165.9% | 23.15M▲ 210.8% | 53.33M▲ 130.3% | -4M▼ 107.5% | -58.65M▼ 1368.1% |
| FCF Margin % | -50.02% | 23.77% | -5.17% | 4.47% | 10.78% | -0.88% | -18.53% |
| FCF Growth % | - | 259.12% | -165.86% | 210.83% | 130.33% | -107.49% | -1368.11% |
| FCF per Share | -8.24 | 20.64 | -13.22 | 14.59 | 35.26 | -2.74 | -37.10 |
| FCF Conversion (FCF/Net Income) | 0.67x | -1.35x | -0.21x | -4.25x | -0.56x | -0.09x | 0.32x |
| Interest Paid | 0 | 0 | 8.22M | 5.13M | 10.33M | 13.47M | 0 |
| Taxes Paid | 0 | 0 | 8K | 13.19M | 11.78M | 4.28M | 0 |
SBDS Key Ratios
Solo Brands, Inc. (SBDS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -39.84% | -11.92% | 10.74% | -1.33% | -23.51% | -40.08% | -118.84% |
| Return on Invested Capital (ROIC) | -23.18% | -6.59% | 9.84% | 6.88% | -28.48% | -35.06% | -11.57% |
| Gross Margin | 56.8% | 65.18% | 64.13% | 61.47% | 61.07% | 57.26% | 59.41% |
| Net Margin | -74.12% | -18.14% | 12.05% | -1.47% | -22.5% | -24.94% | -45.94% |
| Debt / Equity | 0.32x | 0.22x | 0.22x | 0.20x | 0.49x | 0.16x | 0.31x |
| Interest Coverage | -54.60x | -6.38x | 6.79x | 9.81x | -20.71x | -12.47x | -0.75x |
| FCF Conversion | 0.67x | -1.35x | -0.21x | -4.25x | -0.56x | -0.09x | 0.32x |
| Revenue Growth | - | 234.81% | 202.57% | 28.22% | -4.41% | -8.13% | -30.35% |
SBDS Frequently Asked Questions
Solo Brands, Inc. (SBDS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Solo Brands, Inc. (SBDS) reported $316.6M in revenue for fiscal year 2025. This represents a 694% increase from $39.9M in 2019.
Solo Brands, Inc. (SBDS) saw revenue decline by 30.4% over the past year.
Solo Brands, Inc. (SBDS) reported a net loss of $138.1M for fiscal year 2025.
Dividend & Returns
Solo Brands, Inc. (SBDS) has a return on equity (ROE) of -118.8%. Negative ROE indicates the company is unprofitable.
Solo Brands, Inc. (SBDS) had negative free cash flow of $49.1M in fiscal year 2025, likely due to heavy capital investments.
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Solo Brands, Inc. (SBDS) financial analysis — history, returns, DCA and operating performance tools
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