10-Q · May 14, 2026
Solo Brands' Q1 2026 results revealed a notable decrease in revenue to $62.9 million, down 18.6% from the same period last year and lower than estimates. Despite the revenue decline, the diluted EPS loss improved to…
Earnings analysis · 10-Q
SBDS earnings analysis
Filed August 13, 2026 · Our reading of the company's report
The latest report
Solo Brands delivered Q2 revenue of $88.5 million and a diluted loss of $1.72 per share, representing sequential improvements from $63.0 million of revenue and a $2.18 loss in Q1 2026. Six-month operating cash flow was…
Read full summary
Solo Brands delivered Q2 revenue of $88.5 million and a diluted loss of $1.72 per share, representing sequential improvements from $63.0 million of revenue and a $2.18 loss in Q1 2026. Six-month operating cash flow was positive at $20.0 million and adjusted EBITDA was $13.5 million, while management reaffirmed 2026 revenue guidance of $280 million-$310 million. High leverage of $258.3 million, a 9.23% loan rate, and sensitivity of approximately $2.6 million to a 100-basis-point SOFR increase remain significant constraints.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-1.72
What stood out
-
Revenue Rebounded Sequentially
Q2 revenue was $88.5 million, up approximately 40.5% from $63.0 million in Q1 2026, indicating a strong sequential recovery.
-
EPS Loss Narrowed
Diluted loss improved to $1.72 per share from a $2.18 loss in Q1 2026, a $0.46 per-share improvement.
-
Operating Cash Flow Positive
Six-month operating cash flow was $20.0 million, providing a positive cash-generation trend despite the reported quarterly loss.
-
Adjusted EBITDA Improved
Adjusted EBITDA was $13.5 million in Q2, supporting improved profitability compared with the prior quarter’s 7.5% operating loss margin shown in the financial history.
-
2026 Outlook Reaffirmed
Management maintained 2026 net sales guidance of $280 million-$310 million and adjusted EBITDA guidance of $24 million-$30 million.
What to watch
-
High Leverage and Rate Exposure
Indebtedness was $258.3 million as of June 30, 2026, with the 2025 Term Loan carrying an annualized interest rate of 9.23%. A 100-basis-point increase in SOFR would raise annual interest expense by approximately $2.6 million.
-
Commodity and Tariff Exposure
The company does not currently hedge commodity price risk, and exposure includes stainless steel and aluminum. Tariffs, supplier pricing, and higher component costs could pressure revenue and gross margins.
-
Existing Risks Remain Material
The filing states that there were no material changes to the risk factors disclosed in the 2025 Form 10-K and Q1 2026 Form 10-Q; existing risks remain material given $258.3 million of indebtedness and the reaffirmed $280 million-$310 million revenue outlook.
Management's outlook
The company reaffirmed 2026 net sales guidance of $280 million-$310 million and adjusted EBITDA guidance of $24 million-$30 million. No EPS guidance was provided.
Earlier filings 4
10-K · March 23, 2026
Solo Brands positions itself as a smaller, profitability-focused portfolio of outdoor and lifestyle brands (Solo Stove, Chubbies, Oru, ISLE) with a digital-first DTC model that accounted for 63.5% of sales in fiscal…
10-Q · August 6, 2025
Solo Brands reported Q2 net sales of $92.257 million, down 29.9% from $131.550 million in Q2 2024, with gross profit of $56.599 million (gross margin ~61.3%) and an operating loss of $9.835 million (operating margin…
10-Q · May 12, 2025
Solo Brands reported quarterly net sales of $77.252M, a year-over-year decline of $8.072M (9.5%), with gross margin falling to 55.19% and operating loss widening to $10.643M. The company generated a large cash balance…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.