Filing Flows › Digital Brands Group (DBGI) › Q3 2025
Digital Brands Group (DBGI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Digital Brands Group (DBGI) reported revenue of $1.7M for the third quarter 2025 (Q3 2025), -32% from a year earlier and -27% from the quarter before. Operating margin was -201.3%, net loss $3.5M (208.7% of revenue).
Digital Brands Group, Q3 2025: revenue $1.7M (-32% year over year), operating margin -201.3%, net loss $3.5M, operating cash flow −$5.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | -27% | -32% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$5.1M | — | — |
What changed
Revenue was $1.7M in Q3 2025, down 32% year over year and down 27% from the previous quarter.
Gross margin was 42.7%, down 3.2 points from a year earlier. Operating costs exceeded revenue by $3.3M, an operating margin of -201.3%. Operating expenses grew 4% against a revenue fall of 32%. The fastest-growing cost line was Other operating costs (+28%). The quarter ended with a net loss of $3.5M, wider than the previous quarter's $2.1M loss.
Operating cash flow was −$5.1M. Non-cash charges added back $418K of depreciation and amortization. Working capital and other items used $2.0M.
Questions
What was Digital Brands Group's revenue in the third quarter 2025?
Digital Brands Group (DBGI) reported revenue of $1.7M for the third quarter 2025 (Q3 2025), -32% from a year earlier and -27% from the quarter before.
Was Digital Brands Group profitable in the third quarter 2025?
Operating loss was $3.3M (-201.3% of revenue) and net loss $3.5M.