Filing Flows › Solo Brands (SBDS) › Q3 2025
Solo Brands (SBDS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Solo Brands (SBDS) reported revenue of $53.0M for the third quarter 2025 (Q3 2025), -44% from a year earlier and -43% from the quarter before. Operating margin was -30.5%, net loss $22.9M (43.2% of revenue).
Solo Brands, Q3 2025: revenue $53.0M (-44% year over year), operating margin -30.5%, net loss $22.9M, operating cash flow $11.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.0M | -43% | -44% |
| Operating profit | −$16.2M | — | — |
| Net earnings | −$22.9M | — | — |
| Operating cash flow | $11.2M | +3% | 30× |
| Free cash flow | $9.6M | — | — |
What changed
Revenue was $53.0M in Q3 2025, down 44% year over year and down 43% from the previous quarter. Solo Stove was the largest line at 58% of revenue. Solo Stove lost $28.6M year over year (down 48%), 70% of the total change.
Gross margin was 60.0%, up 18.3 points from a year earlier. Operating costs exceeded revenue by $16.2M, an operating margin of -30.5%. Operating expenses fell 69% while revenue fell 44%. The quarter ended with a net loss of $22.9M, wider than the previous quarter's $20.8M loss. Minority interests bore $7.9M of it: to shareholders the quarter was a loss of $15.0M.
Operating cash flow was $11.2M (up 2873% year over year). Non-cash charges added back $6.1M of depreciation and amortization and $871K of share-based compensation. Working capital and other items added $27.2M. Capital expenditures of $1.7M left free cash flow of $9.6M.
Questions
What was Solo Brands' revenue in the third quarter 2025?
Solo Brands (SBDS) reported revenue of $53.0M for the third quarter 2025 (Q3 2025), -44% from a year earlier and -43% from the quarter before.
Was Solo Brands profitable in the third quarter 2025?
Operating loss was $16.2M (-30.5% of revenue) and net loss $22.9M.
Source: Solo Brands 10-Q on SEC EDGAR.