Solo Brands (SBDS)
Market Price (8/8/2026): $0 | Market Cap: $-Sector: Consumer Discretionary | Industry: Broadline Retail
Solo Brands (SBDS)
Market Price (8/8/2026): $0Market Cap: $-Sector: Consumer DiscretionaryIndustry: Broadline Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 14% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Luxury Consumer Goods. | Weak multi-year price returns2Y Excs Rtn is -121%, 3Y Excs Rtn is -147% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -20 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.5% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 2652% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -32%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -19% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 61% 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 -948% High stock price volatilityVol 12M is 153% Key risksSBDS key risks include [1] declining consumer demand and excess inventory in its Solo Stove division, Show more. |
| Attractive yieldFCF Yield is 14% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Luxury Consumer Goods. |
| Weak multi-year price returns2Y Excs Rtn is -121%, 3Y Excs Rtn is -147% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -20 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 2652% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -32%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -19% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 61% |
| 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 -948% |
| High stock price volatilityVol 12M is 153% |
| Key risksSBDS key risks include [1] declining consumer demand and excess inventory in its Solo Stove division, Show more. |
Qualitative Assessment
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Solo Brands (SBDS) stock has lost about 20% since 4/30/2026 because of the following key factors:
1. Significant Decline in Fiscal Q1 2026 Revenue. Solo Brands reported a substantial 18.6% year-over-year decrease in net sales, totaling $62.9 million for its fiscal first quarter ended March 31, 2026. This decline from $77.3 million in the prior-year quarter was primarily due to reduced direct-to-consumer and retail channel sales within both the Solo Stove and Chubbies segments, indicating persistent challenges in consumer demand.
2. Deterioration in Profitability and Gross Margins. The company's profitability suffered in fiscal Q1 2026, with gross profit margin falling to 52.3% from 55.2% in the previous year. This contraction was largely attributed to the impact of tariffs and an unfavorable sales mix. Adjusted EBITDA also saw a notable drop, decreasing to $1.6 million (representing 2.5% of net sales) in fiscal Q1 2026 from $3.5 million (4.5% of net sales) in fiscal Q1 2025.
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Solo Brands (SBDS) stock has lost about 20% since 4/30/2026 because of the following key factors:
1. Significant Decline in Fiscal Q1 2026 Revenue. Solo Brands reported a substantial 18.6% year-over-year decrease in net sales, totaling $62.9 million for its fiscal first quarter ended March 31, 2026. This decline from $77.3 million in the prior-year quarter was primarily due to reduced direct-to-consumer and retail channel sales within both the Solo Stove and Chubbies segments, indicating persistent challenges in consumer demand.
2. Deterioration in Profitability and Gross Margins. The company's profitability suffered in fiscal Q1 2026, with gross profit margin falling to 52.3% from 55.2% in the previous year. This contraction was largely attributed to the impact of tariffs and an unfavorable sales mix. Adjusted EBITDA also saw a notable drop, decreasing to $1.6 million (representing 2.5% of net sales) in fiscal Q1 2026 from $3.5 million (4.5% of net sales) in fiscal Q1 2025.
3. High Debt Burden and OTC Market Trading. As of March 31, 2026, Solo Brands carried significant debt, with $258.9 million outstanding under its term loan and an additional $15.0 million drawn on its revolving credit facility. This resulted in a high debt-to-equity ratio of 569.9%. The company's trading on the OTCQB market, following its delisting from the NYSE, likely contributed to lower liquidity and investor confidence, exacerbating the stock's downward trend amidst its financial challenges.
4. Negative Analyst Sentiment. The company currently holds a consensus "Sell" rating from analysts. This bearish outlook reflects widespread skepticism regarding Solo Brands' near-term recovery and future growth prospects, further weighing on investor perception and stock valuation.
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Stock Movement Drivers
Fundamental Drivers
The -20.0% change in SBDS stock from 4/30/2026 to 8/7/2026 was primarily driven by a -30.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.00 | 4.00 | -20.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 317 | 302 | -4.5% |
| P/S Multiple | 0.0 | 0.0 | 21.2% |
| Shares Outstanding (Mil) | 2 | 3 | -30.8% |
| Cumulative Contribution | -20.0% |
Market Drivers
4/30/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| SBDS | -20.0% | |
| Market (SPY) | 7.6% | -1.2% |
| Sector (XLY) | 1.3% | -8.2% |
Fundamental Drivers
The -32.2% change in SBDS stock from 1/31/2026 to 8/7/2026 was primarily driven by a -35.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.90 | 4.00 | -32.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 366 | 302 | -17.4% |
| P/S Multiple | 0.0 | 0.0 | 26.4% |
| Shares Outstanding (Mil) | 2 | 3 | -35.0% |
| Cumulative Contribution | -32.2% |
Market Drivers
1/31/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| SBDS | -32.2% | |
| Market (SPY) | 12.1% | 11.1% |
| Sector (XLY) | -0.9% | 10.5% |
Fundamental Drivers
The -72.9% change in SBDS stock from 7/31/2025 to 8/7/2026 was primarily driven by a -41.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312025 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.78 | 4.00 | -72.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 446 | 302 | -32.3% |
| P/S Multiple | 0.0 | 0.0 | -32.0% |
| Shares Outstanding (Mil) | 1 | 3 | -41.2% |
| Cumulative Contribution | -72.9% |
Market Drivers
7/31/2025 to 8/7/2026| Return | Correlation | |
|---|---|---|
| SBDS | -72.9% | |
| Market (SPY) | 23.4% | 11.0% |
| Sector (XLY) | 8.9% | 11.3% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2023 to 8/7/2026| Return | Correlation | |
|---|---|---|
| SBDS | ||
| Market (SPY) | 74.9% | 11.0% |
| Sector (XLY) | 41.1% | 11.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SBDS Return | - | - | - | - | -63% | -36% | -76% |
| Peers Return | 16% | -31% | 22% | 12% | -3% | -6% | -1% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| SBDS Win Rate | - | - | - | - | 17% | 38% | |
| Peers Win Rate | 62% | 28% | 60% | 47% | 42% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SBDS Max Drawdown | - | - | - | - | - | -64% | |
| Peers Max Drawdown | -27% | -52% | -33% | -28% | -50% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: YETI, DECK, VFC, COLM, AEO.
[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 8/7/2026 (YTD)
How Low Can It Go
SBDS has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.2% | -7.8% |
| % Gain to Breakeven | 12.6% | 8.5% |
| Time to Breakeven | 37 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.6% | -9.5% |
| % Gain to Breakeven | 15.8% | 10.5% |
| Time to Breakeven | 42 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.6% | -19.2% |
| % Gain to Breakeven | 24.4% | 23.8% |
| Time to Breakeven | 98 days | 105 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
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SBDS has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.0% | -53.4% |
| % Gain to Breakeven | 104.3% | 114.4% |
| Time to Breakeven | 372 days | 1085 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Solo Brands (SBDS)
Solo Brands, Inc. (SBDS) operates a direct-to-consumer (DTC) platform focused on a diverse portfolio of outdoor lifestyle branded products. The company primarily serves the United States market, connecting directly with consumers through its digital channels.
The company's product offerings are organized under several distinct brands. Under the Solo Stove brand, it provides a range of outdoor heating and cooking solutions, including popular fire pits, camp stoves, grills, cooktops, and related accessories and consumables like firewood and charcoal. For water-based recreation, Solo Brands offers kayaks through its Oru brand and paddleboards via the ISLE brand, complemented by necessary accessories such as paddles and pumps. Additionally, the Chubbies brand provides casual apparel, including swim trunks, shorts, shirts, and lounge products, catering to a leisure and active lifestyle.
Solo Brands' primary customers are individuals seeking high-quality products for outdoor recreation, backyard entertaining, and casual wear. Its direct-to-consumer model allows it to efficiently reach these customers across the United States, appealing to those who value design, functionality, and convenience in their outdoor and leisure pursuits.
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YETI, but for a wider range of premium outdoor living products like fire pits, kayaks, and paddle boards.
The Warby Parker or Casper for high-quality outdoor recreation gear, sold directly to consumers.
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- Outdoor Heating & Cooking Appliances: These include camp stoves, fire pits, grills, cook tops, and related tools primarily under the Solo Stove brand.
- Water Recreation Equipment: The company offers kayaks under the Oru brand and paddle boards under the ISLE brand.
- Apparel: Solo Brands provides swim trunks, casual shorts, sport products, polos, shirts, and lounge products through the Chubbies brand.
- Outdoor Consumables & Accessories: This category encompasses various items like color packs, starters, natural charcoal, firewood, storage solutions, shelters, shields, roasting sticks, tools, paddles, and pumps for its outdoor products.
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Solo Brands (SBDS) primarily operates on a direct-to-consumer (DTC) model, meaning its major customers are individual consumers rather than other businesses. Based on the range of products offered, the company serves the following categories of customers:
- Outdoor Enthusiasts & Home Entertainers: This category includes individuals who enjoy camping, backyard gatherings, patio living, and general outdoor activities. They are interested in products like fire pits, portable stoves, grills, and related accessories under the Solo Stove brand for cooking, warmth, and ambiance.
- Water Sports & Adventure Seekers: Customers in this segment are interested in water-based recreational activities such as kayaking and paddleboarding. They seek innovative and often portable gear like Oru kayaks and ISLE paddleboards, valuing ease of transport and quality for their aquatic adventures.
- Casual Lifestyle & Active Wear Consumers: This category primarily encompasses individuals looking for comfortable, stylish, and functional casual apparel for leisure, sports, or vacation. The Chubbies brand caters to this segment with swim trunks, shorts, polos, and lounge products, often appealing to a demographic with an active or relaxed lifestyle.
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John Larson President and Chief Executive Officer
John Larson was appointed President and Chief Executive Officer of Solo Brands in February 2025, initially on an interim basis, and then permanently in June 2025. He joined the company's board of directors in December 2024. Prior to his role at Solo Brands, Mr. Larson served as Chief Executive Officer of Bestop, Inc., a prominent manufacturer of soft tops and accessories for Jeep vehicles. He also held the position of Chief Executive Officer at Escort Inc., an automobile electronics manufacturer. Earlier in his career, he worked in several senior management roles at General Motors Company. Mr. Larson possesses extensive experience serving on both public and private company boards, including as Chairman of IAA, Inc. and Lead Independent Director of KAR Auction Services, Inc. His background includes significant experience in the automotive industry and with private equity-backed companies.
Laura Coffey Chief Financial Officer
Laura Coffey became the Chief Financial Officer of Solo Brands in February 2024. Before joining Solo Brands, Ms. Coffey served as the CFO for The Vitamin Shoppe, Inc., a nutritional supplement retailer, from June 2020 to June 2023. She spent 23 years at Pier 1 Imports, Inc., a national home furnishing and décor retailer, where she held various senior leadership positions, including executive vice president for e-commerce and business development and interim chief financial officer. Ms. Coffey began her career at KPMG. She currently serves on the board, executive committee, and as the chair of the audit committee of Community National Bank & Trust of Texas.
Chris Blevins General Counsel
Chris Blevins has served as the General Counsel and Corporate Secretary for Solo Brands since July 2025. He previously served as Interim General Counsel starting in January 2025 and as Deputy General Counsel since joining Solo Brands in 2022. In his current role, Mr. Blevins oversees the company's legal affairs, including corporate governance, securities law compliance, regulatory matters, and risk management. Before joining Solo Brands, he provided legal counsel in the financial services and investment management sector, advising on regulatory, transactional, and operational matters. Earlier in his career, Mr. Blevins practiced law in private practice, focusing on complex litigation and business disputes.
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- Poor Financial Health and High Debt Levels: Solo Brands has been consistently rated with poor financial strength, characterized by a high debt-to-equity ratio and negative operating and net margins. The company's Altman Z-Score, a predictor of bankruptcy, has been in the distress zone, indicating a potential risk of financial instability. While the company has undertaken restructuring efforts and cost reductions to improve profitability and comply with financial covenants, its ability to manage debt and improve overall profitability remains crucial.
- Pressure on Consumer Demand and Cyclical Spending: The company operates in the consumer cyclical sector, meaning its sales are significantly impacted by economic downturns and shifts in discretionary spending. Solo Brands has experienced "continued pressure on consumer demand" and "softer sales," particularly within its Solo Stove division, as consumers reduce non-essential purchases. This cyclical nature of consumer spending poses a significant risk to the company's revenue trajectory and margin profile.
- Stock Price Volatility and NYSE Compliance Challenges: Solo Brands' stock has demonstrated significant price fluctuations and high volatility, which could deter risk-averse investors. The company has also faced past issues with NYSE listing compliance due to its average share price falling below the minimum requirement, leading to a temporary delisting determination and a reverse stock split to regain compliance.
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- Fire Pits (Solo Stove): The U.S. fire pits market generated a revenue of USD 2,678.6 million in 2025 and is expected to reach USD 4,039.8 million by 2033, growing at a Compound Annual Growth Rate (CAGR) of 5.2% from 2026 to 2033. The North America fire pits market size was USD 1.24 billion in 2025 and is projected to reach USD 2.23 billion in 2035, with a CAGR of 6.1% from 2025 to 2035. Another estimate indicates the North America fire pits market size is expected to reach USD 4.30 billion by 2030, registering a CAGR of 5.6% from 2025 to 2030.
- Camp Stoves (Solo Stove Lite): The U.S. Portable Stove Market size was valued at USD 2.31 Billion in 2025 and is projected to reach USD 4.64 Billion by 2035, growing at a CAGR of 7.23% during 2026–2035. The U.S. camping stoves market captured the largest revenue share of 81% in 2024 within North America. The global portable camp stoves market size was valued at USD 1.05 billion in 2025 and is projected to grow to USD 1.65 billion by 2034.
- Grills, Cook Tops, and Tools: The United States Barbeque Grill Market was valued at USD 3.35 Billion in 2024, and is expected to reach USD 4.81 Billion by 2030, rising at a CAGR of 6.27%. Another source indicates the USA BBQ Grill market is valued at USD 3 billion. The U.S. holds the largest share of the global BBQ grills market, valued at approximately USD 1.6 billion in 2024.
- Kayaks (Oru): The U.S. kayaks and canoes sports equipment market size was estimated at USD 551.7 million in 2023 and is expected to grow at a CAGR of 4.7% from 2024 to 2030, reaching USD 754.2 million by 2030. In 2021, the U.S. kayak market generated around $646 million in sales revenue.
- Paddle Boards (ISLE): The North America Stand-Up Paddleboard Market was valued at USD 582.39 million in 2024 and is likely to grow at a CAGR of 9.33% from 2025 to 2032, reaching USD 979.24 million by 2032. The global stand-up paddle board market was worth USD 1.86 billion in 2024 and is estimated to grow to USD 4.54 billion by the end of 2033.
- Swim Trunks, Casual Shorts, Sport Products, Polos, Shirts, and Lounge Products (Chubbies): The United States swimwear market reached USD 10.70 Billion in 2025 and is projected to grow to USD 18.45 Billion by 2035. The U.S. men's swimwear market generated a revenue of USD 1,106.3 million in 2024 and is expected to reach USD 1,471.3 million by 2030. The overall USA sports and swimwear market reached a valuation of USD 22 billion. Additionally, the global outdoor apparel market size was valued at USD 16.57 Billion in 2024 and is poised to grow to USD 26.6 Billion by 2033, with North America holding the largest market share. The global outdoor apparel market size was valued at USD 18.66 billion in 2025 and is projected to grow to USD 30.46 billion by 2034, with North America expected to witness a prominent share.
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Expected Drivers of Future Revenue Growth for Solo Brands (SBDS)
Over the next 2-3 years, Solo Brands (NYSE: SBDS) anticipates driving revenue growth through several strategic initiatives, as outlined by company leadership and reinforced by analyst observations:
- Innovative Product Pipeline for Core Brands and Adjacent Markets: Solo Brands plans to develop and execute an innovative product pipeline, particularly for its core Solo Stove business, and identify near adjacencies to expand its total addressable market (TAM). This includes aggressive product innovation in outdoor cooking, cooling, and the smokeless fire pit markets, with further product rollouts planned in 2026 and new launches anticipated in the water sports sector. Recent new product introductions, such as the Summit 24 and Infinity Flame fire pits, have already shown strong initial consumer response, with over 70% of buyers being new customers.
- Revitalizing Direct-to-Consumer (DTC) Business: A key focus for Solo Brands is to fix its direct-to-consumer (DTC) business and return this crucial channel to growth. This involves addressing past weaknesses in the DTC channel and improving engagement to drive sales directly to consumers.
- Development of a Comprehensive Omni-channel Strategy: The company aims to develop a more comprehensive omni-channel strategy designed to boost sales without diluting overall EBITDA margins. This strategy involves closely aligning DTC and retail channels, including coordinated promotional calendars and a Minimum Advertised Price (MAP) strategy.
- Strategic Focus on Core Businesses and International Expansion: Solo Brands intends to "double down" on its core businesses, Solo Stove and Chubbies. The company also targets a significant increase in international sales, aiming to grow from approximately 10% to 25-30% of total revenue through new distribution channels in regions such as India, Europe, and the UK.
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Share Repurchases
- Solo Brands has a buyback yield of -4.01% in the last 12 months.
Share Issuance
- The number of outstanding shares for Solo Brands increased by 4.01% in one year.
- The company has undertaken a corporate simplification to establish a single class of common stock and limit its Tax Receivable Agreement, eliminating Class B common stock and related LLC units.
- A reverse stock split with a ratio of 1:40 occurred on July 9, 2025.
Outbound Investments
- In fiscal year 2024, Solo Brands recorded a write-down of $18.3 million of inventory and related purchase orders of the IcyBreeze reporting unit.
Capital Expenditures
- Capital expenditures for Solo Brands in the last 12 months amounted to -$12.21 million.
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 35.09 |
| Mkt Cap | 3.5 |
| Rev LTM | 4,467 |
| Op Inc LTM | 355 |
| FCF LTM | 261 |
| FCF 3Y Avg | 340 |
| CFO LTM | 414 |
| CFO 3Y Avg | 482 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.7% |
| Rev Chg 3Y Avg | 1.3% |
| Rev Chg Q | 3.6% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Inc Chg LTM | 23.4% |
| Op Inc Chg 3Y Avg | 15.6% |
| Op Mgn LTM | 7.9% |
| Op Mgn 3Y Avg | 7.6% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 9.6% |
| CFO/Rev 3Y Avg | 11.5% |
| FCF/Rev LTM | 7.8% |
| FCF/Rev 3Y Avg | 7.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Solo Stove | 167 | 297 | 352 | ||
| Chubbies | 123 | 113 | 102 | ||
| All Other | 26 | 44 | 42 | ||
| Single Segment | 518 | 404 | |||
| Total | 317 | 455 | 495 | 518 | 404 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Chubbies | 22 | 16 | 14 |
| Solo Stove | 18 | 46 | 80 |
| All Other | 2 | -17 | 2 |
| Depreciation and amortization expenses | -26 | -26 | -27 |
| Corporate and other non-segment operating expenses | -37 | -57 | -47 |
| Restructuring, contract termination and impairment charges | -93 | -136 | -249 |
| Total | -113 | -175 | -228 |
Price Behavior
| Market Price | $4.00 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 10/28/2021 | |
| Distance from 52W High | -79.8% | |
| 50 Days | 200 Days | |
| DMA Price | $13.16 | $15.07 |
| DMA Trend | down | down |
| Distance from DMA | -69.6% | -73.5% |
| 3M | 1YR | |
| Volatility | 95.2% | 162.9% |
| Downside Capture | -108.23 | 216.43 |
| Upside Capture | -149.05 | 60.50 |
| Correlation (SPY) | -1.2% | 11.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.70 | -0.52 | -0.19 | 0.99 | 1.22 | -1.19 |
| Up Beta | 2.09 | 1.38 | 1.16 | 4.29 | 2.79 | -0.68 |
| Down Beta | -3.09 | 0.90 | 1.03 | -1.47 | -0.24 | -1.19 |
| Up Capture | -267% | -167% | -116% | 22% | 23% | 2% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 8 | 11 | 11 | 42 | 99 | 100 |
| Down Capture | -596% | -149% | -63% | 126% | 161% | 90% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 8 | 14 | 18 | 49 | 113 | 116 |
[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 SBDS | |
|---|---|---|---|---|
| SBDS | -50.3% | 169.2% | 0.29 | - |
| Sector ETF (XLY) | 7.9% | 19.4% | 0.27 | 12.9% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 11.2% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | 13.8% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | 5.6% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 8.2% |
| Bitcoin (BTCUSD) | -44.2% | 42.9% | -1.23 | 9.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SBDS | |
|---|---|---|---|---|
| SBDS | -18.2% | 168.0% | 0.09 | - |
| Sector ETF (XLY) | 6.7% | 24.0% | 0.24 | 11.3% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 10.2% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 13.9% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | 6.4% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 7.8% |
| Bitcoin (BTCUSD) | 8.8% | 53.0% | 0.35 | 9.6% |
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 SBDS | |
|---|---|---|---|---|
| SBDS | -9.5% | 168.0% | 0.09 | - |
| Sector ETF (XLY) | 12.5% | 22.2% | 0.52 | 11.3% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 10.2% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 13.9% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 6.4% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 7.8% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 9.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/14/2026 | 0.0% | -9.2% | -11.2% |
| 3/19/2026 | -43.9% | -52.4% | -28.9% |
| 1/27/2026 | -21.2% | -33.8% | -12.9% |
| 11/6/2025 | -31.4% | -8.2% | -36.9% |
| 8/6/2025 | -20.0% | -21.0% | -21.4% |
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 0 |
| # Negative | 4 | 5 | 5 |
| Median Positive | 0.0% | ||
| Median Negative | -26.3% | -21.0% | -21.4% |
| Max Positive | 0.0% | ||
| Max Negative | -43.9% | -52.4% | -36.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/14/2026 | 0.0% | -9.2% | -11.2% |
| 3/19/2026 | -43.9% | -52.4% | -28.9% |
| 1/27/2026 | -21.2% | -33.8% | -12.9% |
| 11/6/2025 | -31.4% | -8.2% | -36.9% |
| 8/6/2025 | -20.0% | -21.0% | -21.4% |
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 0 |
| # Negative | 4 | 5 | 5 |
| Median Positive | 0.0% | ||
| Median Negative | -26.3% | -21.0% | -21.4% |
| Max Positive | 0.0% | ||
| Max Negative | -43.9% | -52.4% | -36.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/23/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/23/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 03/30/2022 | 10-K |
| 09/30/2021 | 12/09/2021 | 10-Q |
| 06/30/2021 | 10/29/2021 | 424B4 |
Insider Activity
Updated 7/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Larson, John P | President and CEO | Direct | Buy | 4012026 | 3.91 | 2,559 | 9,998 | 340,593 | Form |
| 2 | Vanzura, Elisabeth | CMO | Direct | Buy | 3312026 | 3.77 | 1,500 | 5,655 | 33,730 | Form |
| 3 | Larson, John P | President and CEO | Direct | Buy | 3312026 | 3.68 | 4,073 | 14,999 | 311,607 | Form |
| 4 | Tarbox, Andrea K | Direct | Buy | 3312026 | 4.07 | 2,211 | 9,000 | 26,801 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Larson, John P | President and CEO | Direct | Buy | 4012026 | 3.91 | 2,559 | 9,998 | 340,593 | Form |
| 2 | Vanzura, Elisabeth | CMO | Direct | Buy | 3312026 | 3.77 | 1,500 | 5,655 | 33,730 | Form |
| 3 | Larson, John P | President and CEO | Direct | Buy | 3312026 | 3.68 | 4,073 | 14,999 | 311,607 | Form |
| 4 | Tarbox, Andrea K | Direct | Buy | 3312026 | 4.07 | 2,211 | 9,000 | 26,801 | Form |
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 |
| Broadline Retail Resources |
| Chain Store Age |
| RetailWire |
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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