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.

Consolidated First Quarter 2026 Financial Highlights

Net sales for Solo Brands, Inc. were $62.9 million, marking an 18.6% decrease from $77.3 million in the prior year, primarily due to declines in both direct-to-consumer and retail channels within the Solo Stove segment, and to a lesser extent, the Chubbies segment.

Gross profit stood at $32.9 million, representing 52.3% of net sales, compared to 55.2% a year ago. Adjusted gross profit was $33.1 million, or 52.7% of net sales, down from 55.4% in the prior year, with declines attributed mainly to tariffs and sales mix.

Operating expenses decreased by 29.3% to $37.6 million from $53.2 million. Selling, general & administrative expenses were $33.2 million, a 14.8% decrease from $39.0 million, driven by lower employee compensation and marketing costs. Restructuring, contract termination and impairment charges were $0.3 million, a reduction from $5.8 million.

The net loss attributable to Solo Brands, Inc. improved to -$5.5 million from -$12.2 million in the prior year. Adjusted net loss attributable to Solo Brands, Inc. was -$7.5 million, compared to -$4.7 million in the prior period.

Adjusted EBITDA was $1.6 million, representing 2.5% of net sales, compared to $3.5 million, or 4.5% of net sales, in the previous year.

Segment First Quarter 2026 Highlights

Solo Stove Segment: Net sales declined 38.7% to $16.0 million, reflecting lower unit volumes due to pricing and promotional discipline in the DTC channel and softness in the retail channel. Segment EBITDA was -$1.7 million, or -10.5% of net sales, compared to -$1.5 million, or -5.7% of net sales, benefiting from cost reduction initiatives despite lower sales.

Chubbies Segment: Net sales decreased by 14.1% to $36.7 million, driven by lower DTC channel sales and timing of retail shipments. Segment EBITDA was $7.3 million, or 20.0% of net sales, a decline from $11.3 million, or 26.5% of net sales.

Consolidated Balance Sheet as of March 31, 2026

Cash and cash equivalents stood at $16.5 million, down from $20.0 million at December 31, 2025. Inventory was $82.9 million, relatively flat compared to $81.6 million at December 31, 2025. Outstanding borrowings included $258.9 million under the 2025 Term Loan and $15.0 million under the 2025 Revolving Credit Facility, with an availability of $63.6 million for future draws.

Consolidated Statements of Cash Flows

Net cash used in operating activities was -$16.070 million for the three months ended March 31, 2026, showing significant improvement from -$75.188 million in the same period of 2025. Capital expenditures were -$2.308 million for the three months ended March 31, 2026, compared to -$3.207 million in the prior year. Net cash used in investing activities was -$2.308 million for the three months ended March 31, 2026, compared to -$3.207 million in the prior year. Net cash provided by financing activities was $14.900 million for the three months ended March 31, 2026, compared to $272.811 million in the prior year.

Full Year 2026 Outlook

Solo Brands, Inc. reaffirmed its full-year 2026 financial guidance, expecting net sales to range between $280 million and $310 million. Adjusted EBITDA is projected to be between $24 million and $30 million for the same period. This guidance assumes a continued uneven demand environment, estimated tariff impacts, and positive effects from existing and incremental payroll reductions and restructuring efforts.