See more : Harleysville Financial Corporation (HARL) Income Statement Analysis – Financial Results
Complete financial analysis of Solo Brands, Inc. (DTC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Solo Brands, Inc., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.
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Solo Brands, Inc. (DTC)
About Solo Brands, Inc.
Solo Brands, Inc. operates a direct-to-consumer platform that offers outdoor lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; grills, cook tops, and tools; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories. It also offers swim trunks, casual shorts, sport products, polos, shirts, and lounge products under the Chubbies brand name; consumables, such as color packs, starters, natural charcoal, and firewood products; and accessories comprising shelters, shields, roasting sticks, tools, paddles, and pumps under the Solo Stove, Oru, and ISLE brands. The company was founded in 2011 and is headquartered in Grapevine, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 494.78M | 517.63M | 403.72M | 133.43M | 39.85M |
| Cost of Revenue | 192.62M | 199.45M | 144.81M | 46.46M | 17.22M |
| Gross Profit | 302.15M | 318.18M | 258.91M | 86.97M | 22.64M |
| Gross Profit Ratio | 61.07% | 61.47% | 64.13% | 65.18% | 56.80% |
| Research & Development | 0.00 | 1.10M | 300.00K | 0.00 | 0.00 |
| General & Administrative | 152.53M | 165.65M | 85.02M | 22.21M | 9.87M |
| Selling & Marketing | 96.90M | 93.40M | 74.50M | 17.80M | 6.50M |
| SG&A | 249.43M | 259.05M | 159.52M | 40.01M | 16.37M |
| Other Expenses | 280.57M | 28.17M | 30.52M | 67.41M | 34.93M |
| Operating Expenses | 530.00M | 287.22M | 190.05M | 107.43M | 51.30M |
| Cost & Expenses | 722.63M | 486.67M | 334.85M | 153.89M | 68.52M |
| Interest Income | 0.00 | 6.27M | 10.14M | 3.21M | 6.00K |
| Interest Expense | 11.00M | 6.27M | 10.14M | 3.21M | 525.00K |
| Depreciation & Amortization | 27.35M | 24.59M | 18.23M | 5.67M | 823.00K |
| EBITDA | 48.47M | 58.45M | 87.09M | -15.23M | -28.19M |
| EBITDA Ratio | 9.80% | 16.64% | 21.57% | -11.08% | -69.86% |
| Operating Income | -227.85M | 61.54M | 68.86M | -20.46M | -28.67M |
| Operating Income Ratio | -46.05% | 11.89% | 17.06% | -15.33% | -71.93% |
| Total Other Income/Expenses | -3.71M | -6.98M | -10.34M | -3.65M | -872.00K |
| Income Before Tax | -231.56M | -6.62M | 58.52M | -24.10M | -29.54M |
| Income Before Tax Ratio | -46.80% | -1.28% | 14.50% | -18.07% | -74.12% |
| Income Tax Expense | -36.23M | 1.00M | 2.03M | 99.00K | 3.00K |
| Net Income | -111.35M | -7.62M | 48.65M | -24.20M | -29.54M |
| Net Income Ratio | -22.50% | -1.47% | 12.05% | -18.14% | -74.12% |
| EPS | -1.84 | -0.12 | 0.51 | -0.25 | -0.31 |
| EPS Diluted | -1.84 | -0.12 | 0.51 | -0.25 | -0.31 |
| Weighted Avg Shares Out | 60.50M | 63.46M | 94.58M | 96.81M | 96.81M |
| Weighted Avg Shares Out (Dil) | 60.50M | 63.46M | 94.58M | 96.81M | 96.81M |
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