Revenue: As of FY2026 Q1, the actual value is USD 62.88 M.EPS: As of FY2026 Q1, the actual value is USD -2.18.EBIT: As of FY2026 Q1, the actual value is USD -4.589 M.<h4>Consolidated Financial Performance (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Net Sales:<ul><li>Total net sales decreased by -18.6% from $77,252 thousand in 2025 to $62,881 thousand in 2026.</li><li>Direct-to-consumer (DTC) net sales declined by -28.8% to $24,067 thousand.</li><li>Retail net sales decreased by -10.7% to $38,814 thousand.</li></ul></li><li>Gross Profit:<ul><li>Gross profit decreased by -22.8% from $42,605 thousand in 2025 to $32,903 thousand in 2026.</li><li>The gross profit margin was 52.3% in 2026, down from 55.2% in 2025.</li></ul></li><li>Operating Expenses:<ul><li>Total operating expenses decreased by -29.3% from $53,248 thousand in 2025 to $37,640 thousand in 2026.</li><li>Selling, General &amp; Administrative (SG&amp;A) expenses decreased by -14.8% to $33,205 thousand.</li><li>Depreciation and amortization expenses decreased by -40.4% to $4,108 thousand.</li><li>Restructuring, contract termination, and impairment charges significantly decreased by -94.8% to $305 thousand, compared to $5,839 thousand in the prior year.</li><li>Other operating expenses decreased by -98.6% to $22 thousand.</li></ul></li><li>Income (Loss) from Operations: Income from operations improved from a loss of - $10,643 thousand in 2025 to a loss of - $4,737 thousand in 2026.</li><li>Interest Expense, Net: Interest expense, net, increased by 34.5% to $7,493 thousand in 2026 from $5,570 thousand in 2025.</li><li>Income Tax Expense (Benefit): The company reported an income tax benefit of - $6,616 thousand in 2026, a significant change from an income tax expense of $2,944 thousand in 2025.</li><li>Net Income (Loss) Attributable to Solo Brands, Inc.: Net loss attributable to Solo Brands, Inc. improved from - $12,192 thousand in 2025 to - $5,466 thousand in 2026.</li></ul><h4>Segment Performance (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Solo Stove Segment:<ul><li>Net Sales: Decreased by -38.7% from $26,128 thousand in 2025 to $16,026 thousand in 2026.<ul><li>DTC net sales declined by -37.6% to $11,543 thousand.</li><li>Retail net sales decreased by -41.1% to $4,483 thousand.</li></ul></li><li>Cost of Goods Sold: Decreased by -41.8% from $11,470 thousand in 2025 to $6,681 thousand in 2026.</li><li>Operating Expenses: Decreased by -31.7% from $16,144 thousand in 2025 to $11,031 thousand in 2026, driven by lower marketing expenses (-40.1%), employee-related compensation (-36.4%), and other segment operating expenses (-22.7%).</li><li>Segment EBITDA: Reported as - $1,686 thousand in 2026, compared to - $1,486 thousand in 2025.</li><li>Depreciation and Amortization Expenses: $2,688 thousand in 2026, down from $4,961 thousand in 2025.</li></ul></li><li>Chubbies Segment:<ul><li>Net Sales: Decreased by -14.1% from $42,689 thousand in 2025 to $36,675 thousand in 2026.<ul><li>DTC net sales declined by -16.3% to $11,281 thousand.</li><li>Retail net sales decreased by -13.1% to $25,394 thousand.</li></ul></li><li>Cost of Goods Sold: Decreased by -7.8% from $18,173 thousand in 2025 to $16,749 thousand in 2026.</li><li>Operating Expenses: Declined by -4.6% from $13,221 thousand in 2025 to $12,609 thousand in 2026, mainly due to reductions in employee-related compensation (-11.5%).</li><li>Segment EBITDA: Reported as $7,317 thousand in 2026, down from $11,295 thousand in 2025.</li><li>Depreciation and Amortization Expenses: $1,337 thousand in 2026, down from $1,389 thousand in 2025.</li></ul></li></ul><h4>Cash Flow (Three Months Ended March 31, 2026 vs. 2025)</h4><ul><li>Net Cash Used in Operating Activities: Decreased by $59,118 thousand, from - $75,188 thousand in 2025 to - $16,070 thousand in 2026.</li><li>Net Cash Used in Investing Activities: Decreased by $899 thousand, from - $3,207 thousand in 2025 to - $2,308 thousand in 2026.</li><li>Net Cash Provided by Financing Activities: Decreased by - $257,911 thousand, from $272,811 thousand in 2025 to $14,900 thousand in 2026.</li><li>Capital Expenditures: $2,308 thousand in 2026, compared to $3,207 thousand in 2025.</li></ul><h4>Strategic Summary and Outlook</h4>Solo Brands, Inc. completed a corporate simplification effective January 1, 2026, which is expected to reduce future cash payment obligations under the Tax Receivable Agreement and lower income tax expense by allowing consolidated tax filings. The company has filed refund claims for approximately $10 million in incremental tariffs paid in 2025 and 2026, with most claims accepted, potentially providing additional financial flexibility. Management expects to comply with financial covenants under the 2025 Credit Agreement, with testing commencing in the third quarter of 2026, and believes current plans alleviate substantial doubt about the company’s ability to continue as a going concern for at least the next twelve months.

Solo Brands | 10-Q: FY2026 Q1 Revenue: USD 62.88 M