Digital Brands (DBGI)
Market Price (10/9/2026): $4.53 | Market Cap: $3.0 MilSector: Consumer Discretionary | Industry: Apparel Retail
Digital Brands (DBGI)
Market Price (10/9/2026): $4.53Market Cap: $3.0 MilSector: Consumer DiscretionaryIndustry: Apparel Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -56% | Weak multi-year price returns2Y Excs Rtn is -136%, 3Y Excs Rtn is -184% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -601% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 680% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -34%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -25%, Rev Chg QQuarterly Revenue Change % is -46% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -348%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -350% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1499% High stock price volatilityVol 12M is 218% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 27% Key risksDBGI key risks include [1] severe financial distress with a high risk of bankruptcy, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -56% |
| Weak multi-year price returns2Y Excs Rtn is -136%, 3Y Excs Rtn is -184% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -601% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 680% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -34%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -25%, Rev Chg QQuarterly Revenue Change % is -46% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -348%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -350% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1499% |
| High stock price volatilityVol 12M is 218% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 27% |
| Key risksDBGI key risks include [1] severe financial distress with a high risk of bankruptcy, Show more. |
Qualitative Assessment
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Digital Brands (DBGI) stock has lost about 85% since 6/30/2026 because of the following key factors:
1. Significantly Deteriorating Fiscal Q2 2026 Financial Results. Digital Brands Group reported a substantial decline in its financial performance for fiscal Q2 2026 (ended June 30, 2026), with net revenues decreasing by 46.3% to $1.2 million compared to fiscal Q2 2025. Concurrently, the net loss widened dramatically to $9.0 million from $2.1 million in the prior year's fiscal Q2, resulting in a diluted EPS loss of -$13.59. This was compounded by a decline in gross margin to 27% from 32% and a surge in operating expenses to $7.8 million from $2.7 million, including a $764,000 impairment charge.
2. Substantial Liquidity Concerns and "Going Concern" Doubt. The company faced severe financial instability during fiscal Q2 2026, reporting approximately -$5.6 million in free cash flow and a negative working capital exceeding $12 million. Management explicitly raised "substantial doubt" about Digital Brands Group's ability to continue as a going concern due to persistent losses and ongoing liquidity constraints, which included past-due debt and a working capital deficit of $12,851,221.
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Digital Brands (DBGI) stock has lost about 85% since 6/30/2026 because of the following key factors:
1. Significantly Deteriorating Fiscal Q2 2026 Financial Results. Digital Brands Group reported a substantial decline in its financial performance for fiscal Q2 2026 (ended June 30, 2026), with net revenues decreasing by 46.3% to $1.2 million compared to fiscal Q2 2025. Concurrently, the net loss widened dramatically to $9.0 million from $2.1 million in the prior year's fiscal Q2, resulting in a diluted EPS loss of -$13.59. This was compounded by a decline in gross margin to 27% from 32% and a surge in operating expenses to $7.8 million from $2.7 million, including a $764,000 impairment charge.
2. Substantial Liquidity Concerns and "Going Concern" Doubt. The company faced severe financial instability during fiscal Q2 2026, reporting approximately -$5.6 million in free cash flow and a negative working capital exceeding $12 million. Management explicitly raised "substantial doubt" about Digital Brands Group's ability to continue as a going concern due to persistent losses and ongoing liquidity constraints, which included past-due debt and a working capital deficit of $12,851,221.
3. Reverse Stock Split and Erosion of Market Confidence. To maintain compliance with Nasdaq's minimum bid price rule of $1.00 per share, Digital Brands Group executed a 1-for-40 reverse stock split effective July 24, 2026. This action drastically reduced the outstanding common stock from approximately 23 million shares to about 557,000 to 575,000 shares, creating an ultra-thin float. Despite an optimistic Q3 2026 revenue guidance issued in July 2026, and a non-binding buyout proposal at $77.58 per share disclosed on August 5, 2026, skepticism surrounding the proposal and the underlying financial issues led to continued stock price depreciation.
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Stock Movement Drivers
Fundamental Drivers
The -85.1% change in DBGI stock from 6/30/2026 to 10/8/2026 was primarily driven by a -59.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302026 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.12 | 4.50 | -85.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 6 | -15.3% |
| P/S Multiple | 1.2 | 0.5 | -56.4% |
| Shares Outstanding (Mil) | 0 | 1 | -59.5% |
| Cumulative Contribution | -85.1% |
Market Drivers
6/30/2026 to 10/8/2026| Return | Correlation | |
|---|---|---|
| DBGI | -85.1% | |
| Market (SPY) | 3.6% | 19.3% |
| Sector (XLY) | -4.7% | 12.8% |
Fundamental Drivers
The -93.7% change in DBGI stock from 3/31/2026 to 10/8/2026 was primarily driven by a -88.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 72.00 | 4.50 | -93.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 6 | -27.0% |
| P/S Multiple | 0.7 | 0.5 | -22.8% |
| Shares Outstanding (Mil) | 0 | 1 | -88.9% |
| Cumulative Contribution | -93.7% |
Market Drivers
3/31/2026 to 10/8/2026| Return | Correlation | |
|---|---|---|
| DBGI | -93.8% | |
| Market (SPY) | 19.3% | -2.0% |
| Sector (XLY) | 2.7% | -5.9% |
Fundamental Drivers
The -98.6% change in DBGI stock from 9/30/2025 to 10/8/2026 was primarily driven by a -90.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302025 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 328.00 | 4.50 | -98.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9 | 6 | -33.6% |
| P/S Multiple | 2.5 | 0.5 | -79.1% |
| Shares Outstanding (Mil) | 0 | 1 | -90.1% |
| Cumulative Contribution | -98.6% |
Market Drivers
9/30/2025 to 10/8/2026| Return | Correlation | |
|---|---|---|
| DBGI | -98.6% | |
| Market (SPY) | 17.1% | 8.1% |
| Sector (XLY) | -6.2% | 5.7% |
Fundamental Drivers
The -100.0% change in DBGI stock from 9/30/2023 to 10/8/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302023 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 16860.00 | 4.50 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14 | 6 | -58.7% |
| P/S Multiple | 0.2 | 0.5 | 170.2% |
| Shares Outstanding (Mil) | 0 | 1 | -100.0% |
| Cumulative Contribution | -100.0% |
Market Drivers
9/30/2023 to 10/8/2026| Return | Correlation | |
|---|---|---|
| DBGI | -100.0% | |
| Market (SPY) | 87.3% | 4.1% |
| Sector (XLY) | 42.0% | 4.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DBGI Return | -32% | -98% | -97% | -99% | 611% | -99% | -100% |
| Peers Return | 33% | -52% | 34% | 3% | -3% | 35% | 16% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| DBGI Win Rate | 25% | 33% | 8% | 25% | 58% | 10% | |
| Peers Win Rate | 62% | 28% | 52% | 47% | 48% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DBGI Max Drawdown | - | -99% | -97% | -100% | -72% | -99% | |
| Peers Max Drawdown | -35% | -64% | -59% | -45% | -51% | -40% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GCO, ZUMZ, GAP, CTRN, CURV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/8/2026 (YTD)
About Digital Brands (DBGI)
Digital Brands Group, Inc. (DBGI) is an apparel company that designs, manufactures, and sells a diverse portfolio of clothing under various proprietary brands. The company focuses on offering a range of fashion products primarily within the direct-to-consumer and wholesale markets.
Its main product offerings encompass several distinct brands and categories. DBGI provides denim through its DSTLD brand, a wide array of women's apparel including dresses, tops, and jumpsuits under the Bailey brand, and luxury T-shirts, tops, and bottoms via Stateside. Additionally, the company caters to the luxury segment with men's suiting from ACE Studios, and offers luxury custom and made-to-measure suiting, sportswear, and shirts under the Harper & Jones brand.
DBGI employs a dual-channel strategy to reach its customers. It sells directly to consumers through its dedicated brand websites, operating a direct-to-consumer model. Concurrently, the company distributes its products through a robust wholesale channel, partnering with specialty stores, select department stores, and leveraging its own showrooms to serve a broader retail market.
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A smaller, emerging version of a multi-brand apparel conglomerate like PVH Corp. (owner of Calvin Klein and Tommy Hilfiger), managing a portfolio of premium and luxury fashion brands.
Like a 'mini-LVMH' solely for apparel, overseeing a diverse group of fashion brands that sell directly to consumers and through wholesale channels.
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- Denim: Apparel offered under the DSTLD brand, specializing in various denim products.
- Luxury Men's Suiting: High-end suits for men available through the ACE Studios brand.
- Women's Apparel: A range of women's clothing including dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers under the Bailey brand.
- Custom and Made-to-Measure Suiting and Sportswear: Personalized suits, shirts, jackets, pants, shorts, and polos offered through the Harper & Jones brand.
- Luxury T-shirts, Tops, and Bottoms: Premium casual wear provided under the Stateside brand.
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Digital Brands Group, Inc. (DBGI) sells apparel directly to consumers through its websites and through a wholesale channel to specialty stores and select department stores. Based on the company's name, its emphasis on "direct-to-consumer" sales, and the detailed brand descriptions that cater to specific individual demographics, the company primarily serves individuals, while also engaging in wholesale.
The categories of individual customers Digital Brands Group, Inc. serves include:
- Luxury and Custom Apparel Consumers: This category includes individuals seeking high-end, premium, or custom-made apparel. Brands like ACE Studios (luxury men's suiting), Harper & Jones (luxury custom and made-to-measure suiting and sportswear), and Stateside (luxury T-shirts, tops, and bottoms) cater to consumers who value quality, craftsmanship, and exclusivity in their wardrobes.
- Fashion-Conscious Women: Through its Bailey brand, Digital Brands Group targets women looking for stylish, ready-to-wear apparel such as dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers. This segment often prioritizes contemporary fashion, versatility, and accessible premium women's wear.
- Quality Denim and Casual Wear Enthusiasts: The DSTLD brand focuses on denims, appealing to consumers who seek high-quality, durable, and stylish everyday wear. This category appreciates foundational pieces with a focus on superior material and fit for casual yet refined styles.
While DBGI also sells through a wholesale channel to specialty stores and select department stores, the background information does not provide the specific names of these customer companies.
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John "Hil" Davis Chief Executive Officer
Mr. Davis has served as Chief Executive Officer at Digital Brands Group, Inc. since March 2019 and as President, and has been a Director since November 2020. He founded J. Hilburn, a made-to-measure men's apparel brand, which grew into a $55 million company in six years. He also founded Beautykind, an e-commerce beauty and charitable venture, where he served as CEO, CFO, and Chairman of the board. Before his e-commerce career, Mr. Davis held positions as an equity research analyst covering consumer and luxury publicly traded stocks at Thomas Weisel Partners, SunTrust, and Citadel Investment Group, and was Head of Investor Relations at Brinker International. Digital Brands Group has previously explored strategic alternatives and received an approach from a private equity firm.
Reid Yeoman Chief Financial Officer
Mr. Yeoman is a seasoned finance professional with a background in Financial Planning & Analysis from multinational Fortune 500 companies, including Nike and Qualcomm. He most recently served as CFO/COO at Hurley, a global brand within the Nike Portfolio, where he managed the full P&L and Balance Sheet and oversaw the brand's logistics and operations. Prior to Hurley, Mr. Yeoman was a key member of Nike's Global Business Planning Team, working directly with the Nike CFO and Brand President. He joined Denim.LA (which is now Digital Brands Group) as CFO/COO in October 2019.
Laura Dowling Chief Marketing Officer
Ms. Dowling joined Digital Brands Group as Chief Marketing Officer in March 2019. Before joining DBG, she served as Divisional Vice President of Marketing and PR for Coach's North America region, where she spearheaded a campaign with Selena Gomez that led to double-digit sales growth. Her previous experience includes strategic marketing roles at Harry Winston and Ralph Lauren.
Corey Epstein Co-Founder & Chief Digital Officer
Mr. Epstein is a Co-Founder of Digital Brands Group, which was established in 2014. He is also credited with founding two other companies, Ascend and Voyage. He is listed as the Chief Digital Officer.
Mark Thomas Lynn Co-Founder & Chairman
Mr. Lynn is a Co-Founder and Chairman of Digital Brands Group, founded in 2014. He is also noted as the founder of one other company.
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Key Risks
- Financial Distress and Going Concern Risk: Digital Brands Group operates with significant financial challenges, including recurring substantial losses, negative net income, and poor liquidity. Its Altman Z-Score indicates a high risk of bankruptcy within two years, and the company has previously disclosed concerns about its ability to continue as a going concern without sufficient capital. The company's short-term assets often do not cover its short-term liabilities, reflecting a precarious financial position.
- Declining Revenue and Persistent Unprofitability: The company has experienced significant declines in net revenues, with a notable drop in recent fiscal periods. It consistently operates at a loss, evidenced by negative operating and net profit margins. This sustained unprofitability and revenue contraction highlight fundamental challenges in its business model and market execution.
- Reliance on External Financing and Share Dilution: To address its substantial losses and working capital deficits, Digital Brands Group frequently relies on external capital raises, including equity offerings and placements of preferred stock. While necessary for operations, these financing activities often lead to significant dilution for existing shareholders and can contribute to stock price volatility. The company's financial health and strategic initiatives are heavily dependent on its ability to secure additional funding.
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The rise of ultra-fast fashion retailers leveraging AI and data analytics represents a clear emerging threat to Digital Brands Group, Inc. and the broader apparel industry. These companies employ highly agile, data-driven business models that enable them to design, produce, and distribute thousands of new apparel styles weekly at exceptionally low prices. This fundamentally disrupts traditional apparel value chains by:
- Setting new, aggressive benchmarks for speed to market and trend responsiveness that established brands struggle to match.
- Dramatically altering consumer price expectations for trendy apparel, which can put pressure on the perceived value and pricing power of even premium and luxury brands.
- Competing directly for consumer attention and discretionary spending through sophisticated digital marketing and e-commerce platforms, impacting Digital Brands Group's direct-to-consumer channels.
- Leveraging advanced data analytics and AI for trend forecasting and efficient supply chain management, giving them a significant cost and agility advantage over traditional design and manufacturing processes.
This shift poses a significant challenge to companies operating on more traditional seasonal cycles, higher price points, and inventory-based models, regardless of their specific market segment.
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Addressable Markets for Digital Brands Group, Inc. (DBGI)
-
Denim (DSTLD brand):
- The global denim market size was valued at approximately $78.90 billion in 2025.
- The U.S. denim market size was valued at approximately $21.96 billion in 2025.
-
Luxury Men's Suiting (ACE Studios brand) and Luxury Custom and Made-to-Measure Suiting and Sportswear (Harper & Jones brand):
- The global custom clothing (made-to-measure) market size was valued at approximately $54.97 billion in 2025.
- The North American custom clothing (made-to-measure) market holds approximately 41% of the global market share, equating to around $22.54 billion in 2025.
- The global men's suits market reached a valuation of approximately $19.6 billion in 2026.
-
Women's Apparel (Bailey brand):
- The global women's apparel market size was valued at approximately $1,068.2 billion in 2025.
- The U.S. women's apparel market was valued at approximately $291.58 billion in 2023.
-
Luxury T-shirts, Tops, and Bottoms (Stateside brand):
- The global luxury apparel market size was valued at approximately $109.68 billion in 2025.
- The U.S. luxury fashion market size reached approximately $65.0 billion in 2025.
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Digital Brands Group, Inc. (DBGI) anticipates several key drivers for its future revenue growth over the next two to three years:
- Expansion of the AVO Collegiate Brand: The company is experiencing significant revenue growth in its AVO collegiate brand and expects to meaningfully increase its university partnerships and expand product offerings and marketing programs in this segment. Digital Brands Group projects this market to grow from an estimated $36.4 billion in 2024 to $49.0 billion by 2030.
- Enhanced Digital Marketing and Partnerships: Digital Brands Group is intensifying its digital marketing efforts, as evidenced by its partnership with VAYNERCOMMERCE, which resulted in a 34% increase in daily digital revenues and a 7% increase in average order volume during a 17-day period from October 22 to November 7. The company also plans to launch products on TikTok.
- Wholesale Growth through Price Increases and Expanded Retail Footprint: The company plans to implement wholesale price increases and is experiencing higher bookings for its Spring 2026 wholesale orders compared to the previous year. Furthermore, a major national account is doubling the number of stores carrying the Sundry brand from 50 to 100, a trend expected to continue throughout 2026.
- Leveraging AI-Powered Technology for eCommerce: Digital Brands Group is strategically developing and integrating a suite of AI-driven technology tools for the eCommerce sector. These tools are designed to enhance customer engagement, improve operational efficiency, and provide brand protection, including automated IP monitoring and advanced data security.
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Capital Allocation Decisions for Digital Brands Group (DBGI)
Share Issuance
- In May 2021, Digital Brands Group completed an initial public offering, raising approximately $10.0 million in gross proceeds through the sale of common stock and warrants.
- The company closed a $10.0 million public offering in December 2022, with proceeds primarily intended to fund a portion of the Sundry brand acquisition, repay promissory notes, and for general corporate purposes.
- Digital Brands Group secured approximately $11.225 million in gross proceeds from a private investment in public equity (PIPE) financing in August 2025, involving the sale of Series D Convertible Preferred Stock.
Inbound Investments
- In August/September 2025, Digital Brands Group entered into a PIPE financing agreement with select investors for approximately $11.225 million in gross proceeds, through the issuance of Series D Convertible Preferred Stock.
- An additional $1.5 million investment was secured in September 2025 by amending the PIPE financing agreement, which allowed for the sale of more Series D Preferred Stock to a new accredited investor.
Outbound Investments
- Digital Brands Group completed the acquisition of Stateside, an elevated basics brand, for an aggregate base purchase price of $10 million in August 2021, paid through a combination of common stock and cash.
- In 2022, the company pursued the acquisition of the women's apparel brand Sundry, with the deal initially valued at $34 million in cash plus $7.5 million in stock, later adjusted to $7.5 million in cash, $1 million in equity, and $5.5 million in debt to sellers.
- In April 2025, Digital Brands Group acquired the intellectual property assets of Open Daily, a company focused on virtual shopping solutions, in exchange for 344,827 shares of common stock, aiming to enhance online retail experiences.
Capital Expenditures
- Capital expenditures were notably low, with a reported investment of $1 in Q3 2024.
- The company is strategically investing in a suite of technology-driven tools, including integrating AI-powered brand protection platforms, to enhance its e-commerce capabilities and protect intellectual property.
- Digital Brands Group's focus on capital allocation has shifted towards technology services and digital infrastructure to drive customer engagement and sales, rather than significant traditional physical capital expenditures.
Peer Outperformance in Apparel Retail
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -11.0% | 80.0% | 82.8% | CVSA 245% · LINC 236% · PRDO 218% |
| Homebuilding | 18 | -8.5% | 31.8% | 48.5% | GRBK 197% · TOL 152% · PHM 151% |
| Specialty Stores | 7 | 3.0% | 39.3% | 12.8% | ASO 36% · SIG 32% · DKS 31% |
| Hotels, Resorts & Cruise Lines | 21 | 7.3% | 36.0% | 11.4% | RCL 232% · MAR 140% · LIND 134% |
| Home Improvement Retail | 5 | -20.8% | -0.1% | 0.3% | HVT 13% · LOW 1% · HD 0% |
| Automotive Retail | 18 | -13.7% | 0.9% | -5.1% | MUSA 214% · PAG 115% · ORLY 111% |
| Footwear | 9 | 62.5% | 47.1% | -10.4% | WEYS 206% · DECK 38% · SHOO 19% |
| Restaurants | 36 | -9.1% | -8.2% | -13.7% | EAT 286% · CAKE 164% · BH 119% |
| Specialized Consumer Services | 10 | -18.5% | 15.9% | -16.4% | HRB 107% · FTDR 88% · SCI 33% |
| Home Furnishings | 4 | -5.2% | 26.6% | -17.0% | SGI 46% · LZB -1% · MHK -33% |
| Distributors | 4 | -11.6% | -27.5% | -17.1% | ARMK 122% · GPC 18% · LKQ -52% |
| Apparel Retail ← | 26 | 7.2% | 16.8% | -37.7% | ANF 260% · URBN 173% · TJX 130% |
| Household Appliances | 18 | 12.7% | -3.2% | -39.7% | FLXS 218% · HBB 165% · KEQU 160% |
| Leisure Products | 13 | -22.5% | -21.1% | -40.8% | GOLF 76% · HAS 26% · MAT -13% |
| Computer & Electronics Retail | 3 | 3.6% | 45.6% | -41.4% | BBY 4% · GME -41% · UPBD -61% |
| Automotive Parts & Equipment | 38 | -12.0% | -12.8% | -41.5% | MOD 1459% · GTX 263% · MLR 69% |
| Leisure Facilities | 12 | 5.5% | -6.6% | -45.0% | JAKK 153% · LTH 134% · OSW 124% |
| Casinos & Gaming | 20 | -14.3% | -28.0% | -47.4% | MCRI 91% · RRR 18% · BYD 14% |
| Apparel, Accessories & Luxury Goods | 29 | -3.5% | 13.8% | -49.6% | RL 258% · TPR 252% · ELA 194% |
| Broadline Retail | 14 | -7.3% | 23.2% | -50.9% | EBAY 63% · AMZN 55% · OLLI 42% |
| Consumer Electronics | 11 | -25.6% | -25.5% | -74.4% | AXIL 3081% · GRMN 91% · SONO -44% |
| Other Specialty Retail | 17 | -35.8% | -41.3% | -77.2% | TLF 98% · BBW 90% · WINA 65% |
| Automobile Manufacturers | 8 | -75.5% | -52.5% | -77.9% | GM 47% · TSLA 43% · F 10% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| With Digital Brands Stock Surging, Have You Considered The Downside? | 10/17/2025 | |
| Digital Brands (DBGI) Debt Comparison | 09/13/2025 | |
| Digital Brands (DBGI) Operating Cash Flow Comparison | 09/13/2025 | |
| Digital Brands (DBGI) EBITDA Comparison | 09/13/2025 | |
| Digital Brands (DBGI) Net Income Comparison | 09/13/2025 | |
| Digital Brands (DBGI) Tax Expense Comparison | 09/13/2025 | |
| Digital Brands (DBGI) Operating Income Comparison | 09/13/2025 | |
| Digital Brands (DBGI) Revenue Comparison | 09/13/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 18.79 |
| Mkt Cap | 0.4 |
| Rev LTM | 949 |
| Op Inc LTM | 18 |
| FCF LTM | 6 |
| FCF 3Y Avg | 13 |
| CFO LTM | 35 |
| CFO 3Y Avg | 29 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.1% |
| Rev Chg 3Y Avg | 0.5% |
| Rev Chg Q | -3.0% |
| QoQ Delta Rev Chg LTM | -0.7% |
| Op Inc Chg LTM | 44.4% |
| Op Inc Chg 3Y Avg | -34.2% |
| Op Mgn LTM | 1.9% |
| Op Mgn 3Y Avg | 1.1% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 4.0% |
| CFO/Rev 3Y Avg | 2.5% |
| FCF/Rev LTM | 0.7% |
| FCF/Rev 3Y Avg | 1.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Direct-to-consumer (DTC) fashion brands | 7 | 12 | |||
| Single Segment | 15 | 14 | 8 | ||
| Total | 7 | 12 | 15 | 14 | 8 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Direct-to-consumer (DTC) fashion brands | -28 | -13 |
| Total | -28 | -13 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Direct-to-consumer (DTC) fashion brands | 44 | 20 |
| Total | 44 | 20 |
Price Behavior
| Market Price | $4.50 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 05/14/2021 | |
| Distance from 52W High | -99.4% | |
| 50 Days | 200 Days | |
| DMA Price | $8.43 | $116.69 |
| DMA Trend | down | down |
| Distance from DMA | -46.6% | -96.1% |
| 3M | 1YR | |
| Volatility | 245.1% | 217.9% |
| Downside Capture | 1042.56 | 476.91 |
| Upside Capture | -120.31 | -85.23 |
| Correlation (SPY) | 20.0% | 8.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -6.28 | 2.44 | 4.55 | -0.35 | 1.39 | 0.61 |
| Up Beta | 9.60 | 8.46 | 10.53 | 2.69 | 0.03 | 0.27 |
| Down Beta | -19.84 | -4.08 | 2.67 | -4.58 | 1.57 | 1.71 |
| Up Capture | -601% | -144% | -71% | -135% | -41% | -6% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 16 | 27 | 53 | 110 | 311 |
| Down Capture | -132% | 662% | 542% | 252% | 190% | 113% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 26 | 37 | 71 | 140 | 429 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DBGI | |
|---|---|---|---|---|
| DBGI | -98.6% | 217.6% | -0.92 | - |
| Sector ETF (XLY) | -4.7% | 19.4% | -0.37 | 5.6% |
| Equity (SPY) | 16.7% | 13.0% | 0.91 | 8.0% |
| Gold (GLD) | 3.4% | 29.6% | 0.11 | -5.0% |
| Commodities (DBC) | 45.0% | 20.9% | 1.67 | 5.3% |
| Real Estate (VNQ) | 2.8% | 13.7% | -0.05 | -6.4% |
| Bitcoin (BTCUSD) | -31.7% | 44.2% | -0.73 | 3.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DBGI | |
|---|---|---|---|---|
| DBGI | -95.1% | 202.6% | -0.61 | - |
| Sector ETF (XLY) | 5.3% | 24.1% | 0.18 | 4.5% |
| Equity (SPY) | 14.0% | 17.1% | 0.63 | 3.9% |
| Gold (GLD) | 18.2% | 18.9% | 0.78 | -2.8% |
| Commodities (DBC) | 10.3% | 19.6% | 0.40 | 4.4% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | -0.2% |
| Bitcoin (BTCUSD) | 13.7% | 52.2% | 0.43 | 1.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DBGI | |
|---|---|---|---|---|
| DBGI | -78.0% | 198.6% | -0.56 | - |
| Sector ETF (XLY) | 12.0% | 22.2% | 0.49 | 4.7% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 3.9% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | -2.9% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 4.9% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | -0.4% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 0.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2024 | -27.0% | -6.4% | -41.6% |
| 8/20/2024 | 2.6% | -7.8% | -43.3% |
| 8/21/2023 | -34.7% | -52.0% | -44.1% |
| 5/8/2023 | 22.3% | -13.1% | -24.3% |
| 4/1/2022 | -24.7% | -33.7% | -67.9% |
| 1/7/2022 | -15.2% | -31.2% | -43.7% |
| 11/12/2021 | -7.7% | -17.9% | -40.1% |
| 8/13/2021 | -8.1% | -6.8% | -11.6% |
| SUMMARY STATS | |||
| # Positive | 2 | 0 | 0 |
| # Negative | 6 | 8 | 8 |
| Median Positive | 12.5% | ||
| Median Negative | -19.9% | -15.5% | -42.5% |
| Max Positive | 22.3% | ||
| Max Negative | -34.7% | -52.0% | -67.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2024 | -27.0% | -6.4% | -41.6% |
| 8/20/2024 | 2.6% | -7.8% | -43.3% |
| 8/21/2023 | -34.7% | -52.0% | -44.1% |
| 5/8/2023 | 22.3% | -13.1% | -24.3% |
| 4/1/2022 | -24.7% | -33.7% | -67.9% |
| 1/7/2022 | -15.2% | -31.2% | -43.7% |
| 11/12/2021 | -7.7% | -17.9% | -40.1% |
| 8/13/2021 | -8.1% | -6.8% | -11.6% |
| SUMMARY STATS | |||
| # Positive | 2 | 0 | 0 |
| # Negative | 6 | 8 | 8 |
| Median Positive | 12.5% | ||
| Median Negative | -19.9% | -15.5% | -42.5% |
| Max Positive | 22.3% | ||
| Max Negative | -34.7% | -52.0% | -67.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/19/2026 | 10-Q |
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 04/09/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/15/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/19/2026 | 10-Q |
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 04/09/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/15/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 06/28/2021 | 10-Q |
| 12/31/2020 | 05/17/2021 | 424B4 |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Apparel Retail Resources |
| Apparel News |
| Just Style |
| Sourcing Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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