# DIGITAL BRANDS GROUP, INC. (DBGI) · Edgar & Edgarette company card

> Digital Brands Group (DBGI) saw revenue fall 36.1% in FY2025 to $7 million, operating margin -400% against a 3.2% median for apparel & accessory stores, equity 19.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1668010 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/DBGI) · [JSON](https://www.pops4.com/boards/company/DBGI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $7M |
| Revenue growth, 1 year | -36.1% |
| Revenue growth per year | -0.7% |
| Operating margin | -400.1% (prior year -88.3%) |
| Net margin | -382.8% |
| Operating cash flow | −$16M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $2M |
| Long-term debt | $6M |
| Total assets | $44M |
| Total equity | $9M |
| Equity ÷ assets | 19.7% |
| Return on equity | -322.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -16.39 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, debt accelerated or triggered, late quarterly report notice, auditor change in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -400.1% in FY2025; revenue is hard to predict: its 80% range is ±60%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $7.4M (FY2025), total debt $6.1M. Experience: revenue down 36.1% on the year, down 0.7% a year over 4 years; operating margin -400.1%, down from -88.3%. Soundness: equity 19.7% of assets, return on equity -322.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.8M and $11.1M next year (method v4.1: its own 5-year record of growth weighed at 57% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.5M to $12.3M. A statistical range, not company guidance. Against peers (20 filers, $50M+ revenue, its industry group): operating margin -400.1% against a 3.2% median; growth -36.1% against 3.2%.

Range logged 2026-09-29, receipt ea34c365ec357e5b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-31 ([filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226014111/0001493152-26-014111-index.htm))
- Item 2.04 Debt accelerated or triggered: 1, latest 2026-11-02 ([filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226049482/0001493152-26-049482-index.htm))
- Item NT 10-Q Late quarterly report notice: 2, latest 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226038062/0001493152-26-038062-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-01-05 ([filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226000420/0001493152-26-000420-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-07-20 ([filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226033925/0001493152-26-033925-index.htm))

## Recent filings

- 8-K · filed 2026-11-02 · 2.04 Triggering Events That Accelerate a Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226049482/0001493152-26-049482-index.htm)
- 8-K · filed 2026-10-29 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226049251/0001493152-26-049251-index.htm)
- 8-K · filed 2026-09-11 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226042355/0001493152-26-042355-index.htm)
- 8-K · filed 2026-09-02 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226041215/0001493152-26-041215-index.htm)
- 10-Q · filed 2026-08-19 · [filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226039208/0001493152-26-039208-index.htm)
- 8-K · filed 2026-08-13 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1668010/000149315226037622/0001493152-26-037622-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001668010.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1668010

## Cite

POPS4, Edgar & Edgarette: DIGITAL BRANDS GROUP, INC. (DBGI) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/DBGI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.