{"url_path":"/sec/sbds/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1870600/0001870600-26-000035-index.html","accession_number":"0001870600-26-000035","cik":"0001870600","ticker":"SBDS","issuer_name":"Solo Brands, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1870600/0001870600-26-000035-index.html","primary_entity_key":"0001870600","primary_entity_name":"Solo Brands, 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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-Q\n\n(Mark One)\n\n☒    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\n☐    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ___________ to ___________\n\nCommission File Number 001-40979\n\nSolo Brands, Inc.\n\n(Exact Name of Registrant as Specified in its Charter)\n\nDelaware87-1360865\n\nState or Other Jurisdiction of\nIncorporation or OrganizationI.R.S. Employer Identification No.\n\n1001 Mustang Dr.\n\nGrapevine, TX\n76051\n\nAddress of Principal Executive OfficesZip Code\n\n(817) 900-2664\n\nRegistrant’s Telephone Number, Including Area Code\n\nNot applicable\n\n(Former name, former address and former fiscal year, if changed since last report)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nClass A Common Stock, $0.001 par value per shareSBDSOTCQB Venture Market\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes ☒     No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ☒    No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n\n☐\n\nSmaller reporting company\n\n☒\n\nAccelerated filer\n\n☐\n\nEmerging growth company\n\n☒\n\nNon-accelerated filer\n\n☒\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐    No ☒\n\nAs of May 8, 2026, there were 2,558,984 shares of the registrant’s Class A common stock, $0.001 par value per share, outstanding.\n\nTABLE OF CONTENTS\n\nPage\n\n[FORWARD-LOOKING STATEMENTS](#i02902e5b5a4f41be8c75454fffc5dd25_10)\n\n[i](#i02902e5b5a4f41be8c75454fffc5dd25_10)\n\n[Where You Can Find More Information](#i02902e5b5a4f41be8c75454fffc5dd25_13)\n\n[i](#i02902e5b5a4f41be8c75454fffc5dd25_13)\n\n[PART I. FINANCIAL INFORMATION](#i02902e5b5a4f41be8c75454fffc5dd25_19)\n\n[1](#i02902e5b5a4f41be8c75454fffc5dd25_19)\n\n[Item 1. Financial Statements](#i02902e5b5a4f41be8c75454fffc5dd25_22)\n\n[1](#i02902e5b5a4f41be8c75454fffc5dd25_22)\n\n[Consolidated Balance Sheets (Unaudited)](#i02902e5b5a4f41be8c75454fffc5dd25_25)\n\n[1](#i02902e5b5a4f41be8c75454fffc5dd25_25)\n\n[Consolidated Statements of Operations and Comprehensive Income (Loss)](#i02902e5b5a4f41be8c75454fffc5dd25_28)[(Unaudited)](#i02902e5b5a4f41be8c75454fffc5dd25_28)\n\n[2](#i02902e5b5a4f41be8c75454fffc5dd25_28)\n\n[Consolidated Statements of Cash Flows](#i02902e5b5a4f41be8c75454fffc5dd25_31)[(Unaudited)](#i02902e5b5a4f41be8c75454fffc5dd25_31)\n\n[3](#i02902e5b5a4f41be8c75454fffc5dd25_31)\n\n[Consolidated Statements of Equity (Deficit)](#i02902e5b5a4f41be8c75454fffc5dd25_34)[(Unaudited)](#i02902e5b5a4f41be8c75454fffc5dd25_34)\n\n[4](#i02902e5b5a4f41be8c75454fffc5dd25_34)\n\n[Notes to the Consolidated Financial Statements](#i02902e5b5a4f41be8c75454fffc5dd25_40)[(Unaudited)](#i02902e5b5a4f41be8c75454fffc5dd25_40)\n\n[6](#i02902e5b5a4f41be8c75454fffc5dd25_40)\n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#i02902e5b5a4f41be8c75454fffc5dd25_142)\n\n[17](#i02902e5b5a4f41be8c75454fffc5dd25_142)\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#i02902e5b5a4f41be8c75454fffc5dd25_262)\n\n[24](#i02902e5b5a4f41be8c75454fffc5dd25_262)\n\n[Item 4. Controls and Procedures](#i02902e5b5a4f41be8c75454fffc5dd25_265)\n\n[25](#i02902e5b5a4f41be8c75454fffc5dd25_265)\n\n[PART II. OTHER INFORMATION](#i02902e5b5a4f41be8c75454fffc5dd25_268)\n\n[26](#i02902e5b5a4f41be8c75454fffc5dd25_268)\n\n[Item 1. Legal Proceedings](#i02902e5b5a4f41be8c75454fffc5dd25_271)\n\n[26](#i02902e5b5a4f41be8c75454fffc5dd25_271)\n\n[Item 1A. Risk Factors](#i02902e5b5a4f41be8c75454fffc5dd25_274)\n\n[26](#i02902e5b5a4f41be8c75454fffc5dd25_274)\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#i02902e5b5a4f41be8c75454fffc5dd25_277)\n\n[26](#i02902e5b5a4f41be8c75454fffc5dd25_277)\n\n[Item 3. Defaults Upon Senior Securities](#i02902e5b5a4f41be8c75454fffc5dd25_280)\n\n[26](#i02902e5b5a4f41be8c75454fffc5dd25_280)\n\n[Item 4. Mine Safety Disclosures](#i02902e5b5a4f41be8c75454fffc5dd25_283)\n\n[26](#i02902e5b5a4f41be8c75454fffc5dd25_283)\n\n[Item 5. Other Information](#i02902e5b5a4f41be8c75454fffc5dd25_286)\n\n[26](#i02902e5b5a4f41be8c75454fffc5dd25_286)\n\n[Item 6. Exhibits](#i02902e5b5a4f41be8c75454fffc5dd25_289)\n\n[27](#i02902e5b5a4f41be8c75454fffc5dd25_289)\n\n[Signatures](#i02902e5b5a4f41be8c75454fffc5dd25_292)\n\n[28](#i02902e5b5a4f41be8c75454fffc5dd25_292)\n\nFORWARD-LOOKING STATEMENTS\n\nThis Quarterly Report on Form 10-Q (this “Quarterly Report”) of Solo Brands, Inc. (the “Company,” “we,” “our,” or “us”) contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this Quarterly Report may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. Forward-looking statements contained in this Quarterly Report include, but are not limited to statements regarding our future ability to continue as a going concern, our ability to transform our business, improve our liquidity and long-term capital structure, including through the continued execution of cost saving and operational improvements, our future results of operations and financial position, the effect of tariffs, industry and business trends, business strategy, plans, restocking trends, market growth, compliance with debt covenants and our objectives for future operations.\n\nThe forward-looking statements in this Quarterly Report are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, our future ability to continue as a going concern; our ability to realize expected benefits from our strategic plans; our ability to implement any restructuring and cost-reduction efforts; our limited liquidity; our ability to collect refunds from tariffs paid under the International Emergency Economic Powers Act; our ability to mitigate the impact of new and increased tariffs and similar restrictions on our business; our reliance on third-party manufacturers, which operate mostly outside of the U.S., and problems with, or the loss of, our suppliers or an inability to obtain raw materials; our dependence on cash generated from operations to support our business and our growth initiatives; our ability to relist to a national exchange; risks associated with fluctuations in the price of our Class A common stock; risks associated with our indebtedness, including the limits imposed by our indebtedness to invest in the ongoing needs of our business; our ability to maintain and strengthen our brand to generate and maintain ongoing demand for our products; our ability to design, develop and introduce new products; our ability to manage our future growth effectively; our ability to expand into additional markets; risks associated with our international operations; our inability to sustain historic growth rates; our ability to cost-effectively attract new customers and retain our existing customers; the highly competitive market in which we operate; our failure to maintain product quality and product performance at an acceptable cost; the impact of product liability and warranty claims and product recalls, including write-offs; geopolitical actions, natural disasters, or pandemics; the ability of our largest stockholders to influence corporate matters; and the important factors discussed in Part I, Item 1A. “Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”) filed with the U.S. Securities and Exchange Commission (the “SEC”), and in Part II, Item 1A. “Risk Factors” in this Quarterly Report, as any such factors may be updated from time to time in its other filings with the SEC. The forward-looking statements in this Quarterly Report are based upon information available to us as of the date of this Quarterly Report, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.\n\nYou should read this Quarterly Report and the documents that we reference in this Quarterly Report and have filed as exhibits to this Quarterly Report with the understanding that our actual future results, performance and achievements may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date of this Quarterly Report. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this Quarterly Report, whether as a result of any new information, future events or otherwise.\n\nWHERE YOU CAN FIND MORE INFORMATION\n\nWe may use our website as a distribution channel of material information about the Company, including through press releases, investor presentations, and notices of upcoming events. We intend to utilize the investor relations section of our website at https://investors.solobrands.com as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. We also intend to use certain social media channels, including, but not limited to, X, Facebook, Instagram, TikTok and LinkedIn, as a means of communicating with the public, our customers and investors about our Company, our products, and other matters. While not all of the information that the Company posts to its website and brand-related social media channels may be deemed to be of a material nature, some information may be, and we therefore encourage investors, the media, and others interested in our Company to review the information we make public in these locations.\n\nAll periodic and current reports, registration statements and other filings that we have filed or furnished to the SEC, including our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, are available free of charge from the SEC’s website (www.sec.gov) and on our website at https://investors.solobrands.com. Such documents are available as soon as reasonably practicable after electronic filing of the material with the SEC.\n\nAny reference to our website or social media channels does not constitute incorporation by reference of the information contained on or available through our website, and you should not consider such information to be a part of the periodic and current reports, registration statements or other filings that we file or furnish with the SEC from time to time.\n\ni\n\nPART I - FINANCIAL INFORMATION"}