Filing Flows › Solo Brands (SBDS) › Q1 2025
Solo Brands (SBDS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Solo Brands (SBDS) reported revenue of $77.3M for the first quarter 2025 (Q1 2025), -9% from a year earlier and -46% from the quarter before. Operating margin was -13.8%, net loss $18.6M (24.0% of revenue).
Solo Brands, Q1 2025: revenue $77.3M (-10% year over year), operating margin -13.8%, net loss $18.6M, operating cash flow −$75.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.3M | -46% | -9% |
| Operating profit | −$10.6M | — | — |
| Net earnings | −$18.6M | — | — |
| Operating cash flow | −$75.2M | -679% | — |
What changed
Revenue was $77.3M in Q1 2025, down 9% year over year and down 46% from the previous quarter. Chubbies was the largest line at 55% of revenue. Solo Stove lost $25.3M year over year (down 49%), 314% of the total change.
Gross margin was 55.2%, down 4.1 points from a year earlier. Operating costs exceeded revenue by $10.6M, an operating margin of -13.8%. Operating expenses fell 6% while revenue fell 9%. The fastest-growing cost line was Other operating costs (+68%). The quarter ended with a net loss of $18.6M, narrower than the previous quarter's $58.2M loss. Minority interests bore $6.4M of it: to shareholders the quarter was a loss of $12.2M.
Operating cash flow was −$75.2M. Non-cash charges added back $7.1M of depreciation and amortization and $55K of share-based compensation. Working capital and other items used $63.8M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$78.4M.
Questions
What was Solo Brands' revenue in the first quarter 2025?
Solo Brands (SBDS) reported revenue of $77.3M for the first quarter 2025 (Q1 2025), -9% from a year earlier and -46% from the quarter before.
Was Solo Brands profitable in the first quarter 2025?
Operating loss was $10.6M (-13.8% of revenue) and net loss $18.6M.
Source: Solo Brands 10-Q on SEC EDGAR.