{ "ok": true, "cik": "1870600", "ticker": "SBDS", "name": "Solo Brands, Inc.", "filings": [ { "form": "10-Q", "filed": "2026-08-13", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000044/0001870600-26-000044-index.htm" }, { "form": "8-K", "filed": "2026-08-13", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000043/0001870600-26-000043-index.htm" }, { "form": "8-K", "filed": "2026-05-27", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000038/0001870600-26-000038-index.htm" }, { "form": "10-Q", "filed": "2026-05-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000035/0001870600-26-000035-index.htm" }, { "form": "8-K", "filed": "2026-05-14", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000033/0001870600-26-000033-index.htm" }, { "form": "DEF 14A", "filed": "2026-04-10", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000027/0001870600-26-000027-index.htm" } ], "events12m": 13, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-04-02", "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000019/0001870600-26-000019-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 5, "latest": { "filed": "2026-05-27", "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000038/0001870600-26-000038-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001870600.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1870600" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Solo Brands, Inc. ($SBDS). Last filing: 10-Q, 2026-08-13. 13 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-04-10.", "auditor": { "changes": [ { "filed": "2025-04-10", "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060025000040/0001870600-25-000040-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 316581000, "revenueGrowth1y": -0.3035287647123529, "revenueGrowthPerYear": -0.058973286242633316, "yearsOfData": 5, "operatingMargin": -0.35846434245896, "operatingMarginPrior": -0.38415575844241556, "netMargin": -0.4593990163654799, "operatingCashFlow": -46602000, "capitalSpending": 12049000, "freeCashFlow": -58651000, "researchAndDevelopment": 800000, "researchShareOfRevenue": 0.002526999409313888, "cash": 20034000, "longTermDebt": 242072000, "longTermDebtChange": 0.6064770879649599, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 403717000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 517627000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 494776000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 454550000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 316581000 } ], "totalEquity": 46003000, "totalAssets": 360342000, "equityRatio": 0.1276648295230642, "returnOnEquity": -3.161467730365411, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -64.09, "sharesOutstanding": 1581000, "bookValuePerShare": 29.09740670461733, "revenuePerShare": 200.24098671726756, "range80": { "low": 175947712.14570123, "high": 328792948.36335474, "baseline": 244607099.6121051, "n": 4309, "band": "b01", "bandLabel": "$100M–1B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.24971359585389483, "classVolatility": 0.1022985825903761, "volatility": 0.19081650865986716 }, "ifPaceHeld": { "low": 175947712.14570123, "high": 328792948.36335474 } }, "edgarette": "🔖 Exposure: revenue $316.6M (FY2025), total debt $242.1M. Experience: revenue down 30.4% on the year, down 5.9% a year over 4 years; operating margin -35.8%, up from -38.4%. Soundness: equity 12.8% of assets, return on equity -316.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $175.9M and $328.8M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $150.2M to $387.6M. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, sporting & athletic goods, nec): operating margin -35.8% against a -1.5% median; growth -30.4% against -4.5%.", "peers": { "sic": 3949, "sicDescription": "Sporting & Athletic Goods, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3949", "growth": [ -0.0451, 9 ], "opMargin": [ -0.0145, 9 ], "equityRatio": [ 0.5264, 9 ] }, "summary": "Solo Brands (SBDS) saw revenue fall 30.4% in FY2025 to $317 million, operating margin -35.8% against a -1.5% median for sporting & athletic goods, nec, equity 12.8% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Solo Brands, Inc. against its own record and its peers
Operating marginPeer median -1.5%-35.8%Revenue, on the yearPeer median -4.5%-30.4%Equity of assetsPeer median 52.6%12.8%Return on equity-316.1%Gold tick: the median of 9–9 peers with $50M+ revenue in sporting & athletic goods, nec
", "chartHorizon": null, "backtest": { "tests": 1, "hits": 0, "rate": 0, "method": "v4", "byYear": { "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T23:04:15.995Z", "hash": "937268af2197471d", "status": "open" }, "caution": "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.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Solo Brands (SBDS) saw revenue fall 30.4% in FY2025 to $317 million, operating margin -35.8% against a -1.5% median for sporting & athletic goods, nec, equity 12.8% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 316581000, "totalDebt": 242072000, "cash": 20034000 }, "experience": { "revenueGrowth1y": -0.3035287647123529, "revenueGrowthPerYear": -0.058973286242633316, "operatingMargin": -0.35846434245896, "operatingMarginPrior": -0.38415575844241556, "netMargin": -0.4593990163654799, "freeCashFlow": -58651000 }, "soundness": { "equityRatio": 0.1276648295230642, "returnOnEquity": -3.161467730365411, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3949, "sicDescription": "Sporting & Athletic Goods, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3949", "growth": [ -0.0451, 9 ], "opMargin": [ -0.0145, 9 ], "equityRatio": [ 0.5264, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2025-04-10", "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060025000040/0001870600-25-000040-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-04-02", "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000019/0001870600-26-000019-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 5, "latest": { "filed": "2026-05-27", "url": "https://www.sec.gov/Archives/edgar/data/1870600/000187060026000038/0001870600-26-000038-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 175947712.14570123, "high": 328792948.36335474, "baseline": 244607099.6121051, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4309, "sizeBand": "$100M–1B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.24971359585389483, "classVolatility": 0.1022985825903761, "pricedVolatility": 0.19081650865986716, "k": 3 }, "stress": { "low": 150206446.9525113, "high": 387593547.35325986, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 1, "hits": 0, "rate": 0, "method": "v4", "byYear": { "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T23:04:15.995Z", "hash": "937268af2197471d", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "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.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001870600.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1870600" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.1472, "growth3y": -0.1512, "volatility": 0.2497, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.1277, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns -14.7% of revenue into operating cash; revenue shrinking 15.1% a year over three years; no common dividend.", "outside": "Among $100M-1B companies: 10th percentile for cash, 7th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$100M-1B", "cashPctInClass": 10, "growthPctInClass": 7, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±30%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -46602000, "investing": -12049000, "financing": 66545000, "capitalSpending": 12049000, "free": -58651000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -10246000, "free": -20891000 }, { "fiscalYearEnd": "2022-12-31", "operating": 32395000, "free": 23154000 }, { "fiscalYearEnd": "2023-12-31", "operating": 62423000, "free": 53330000 }, { "fiscalYearEnd": "2024-12-31", "operating": 10517000, "free": -3995000 }, { "fiscalYearEnd": "2025-12-31", "operating": -46602000, "free": -58651000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 20034000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 360342000, "ladder": null, "currentRatio": 2.96, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.1472, "growth3y": -0.1512, "volatility": 0.2497, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.1277, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns -14.7% of revenue into operating cash; revenue shrinking 15.1% a year over three years; no common dividend.", "outside": "Among $100M-1B companies: 10th percentile for cash, 7th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$100M-1B", "cashPctInClass": 10, "growthPctInClass": 7, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±30%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -46602000, "investing": -12049000, "financing": 66545000, "capitalSpending": 12049000, "free": -58651000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -10246000, "free": -20891000 }, { "fiscalYearEnd": "2022-12-31", "operating": 32395000, "free": 23154000 }, { "fiscalYearEnd": "2023-12-31", "operating": 62423000, "free": 53330000 }, { "fiscalYearEnd": "2024-12-31", "operating": 10517000, "free": -3995000 }, { "fiscalYearEnd": "2025-12-31", "operating": -46602000, "free": -58651000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 20034000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 360342000, "ladder": null, "currentRatio": 2.96, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }