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Digital Brands Group (DBGI) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 13, 2025

Digital Brands Group (DBGI) reported revenue of $2.3M for the second quarter 2025 (Q2 2025), -34% from a year earlier and +20% from the quarter before. Operating margin was -88.2%, net loss $2.1M (94.1% of revenue).

Revenue$2.3M
Year over year-34%
Quarter over quarter+20%
Operating margin-88.2%
Net earnings−$2.1M

Digital Brands Group, Q2 2025: revenue $2.3M (-34% year over year), operating margin -88.2%, net loss $2.1M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$2.3M+20%-34%
Operating profit−$2.0M——
Net earnings−$2.1M——
Operating cash flow−$1.6M——

What changed

Revenue was $2.3M in Q2 2025, down 34% year over year and up 20% from the previous quarter.

Gross margin was 31.6%, down 14.3 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -88.2%. Operating expenses fell 30% while revenue fell 34%. The fastest-growing cost line was Other operating costs (+28%). The quarter ended with a net loss of $2.1M, wider than the previous quarter's $2.1M loss.

Operating cash flow was −$1.6M. Non-cash charges added back $418K of depreciation and amortization. Working capital and other items added $123K.

Questions

What was Digital Brands Group's revenue in the second quarter 2025?

Digital Brands Group (DBGI) reported revenue of $2.3M for the second quarter 2025 (Q2 2025), -34% from a year earlier and +20% from the quarter before.

Was Digital Brands Group profitable in the second quarter 2025?

Operating loss was $2.0M (-88.2% of revenue) and net loss $2.1M.

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Source: Digital Brands Group 10-Q on SEC EDGAR.