v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 16,456 $ 20,034
Accounts receivable, net of allowance for credit losses of $0.6 million and $1.1 million as of March 31, 2026 and December 31, 2025, respectively 38,652 29,764
Inventory 82,884 81,648
Prepaid expenses and other current assets 9,749 8,767
Total current assets 147,741 140,213
Non-current assets    
Property and equipment, net 12,383 13,197
Intangible assets, net 97,607 100,038
Goodwill 73,119 73,119
Operating lease right-of-use assets 16,268 17,901
Other non-current assets 15,557 15,874
Total non-current assets 214,934 220,129
Total assets 362,675 360,342
Current liabilities    
Accounts payable 7,532 13,073
Accrued expenses and other current liabilities 29,891 30,843
Deferred revenue 1,765 1,649
Current portion of long-term debt 2,400 1,800
Total current liabilities 41,588 47,365
Non-current liabilities    
Long-term debt, net 261,426 240,272
Deferred tax liability 165 6,739
Operating lease liabilities 12,526 13,888
Other non-current liabilities 677 677
Total non-current liabilities 274,794 261,576
Commitments and contingencies (Note 1)
Shareholders’ equity    
Additional paid-in capital 383,346 377,331
Retained earnings (accumulated deficit) (335,431) (329,965)
Accumulated other comprehensive income (loss) (433) (274)
Treasury stock, 50,360 and 32,836 owned as of March 31, 2026 and December 31, 2025, respectively (1,192) (1,092)
Equity attributable to Solo Brands, Inc. 46,293 46,003
Equity attributable to noncontrolling interests 0 5,398
Total equity 46,293 51,401
Total liabilities and equity 362,675 360,342
Class A Common Stock    
Shareholders’ equity    
Common stock issued 3 2
Class B Common Stock    
Shareholders’ equity    
Common stock issued $ 0 $ 1