Digital Brands Group, Inc. DBGI
2025, the Company entered into several strategic agreements to expand its collegiate apparel and marketing platform, including arrangements
with AAA Tuscaloosa (University of Alabama), LLC, Traffic Holdco, LLC, Buffalo Sports Properties / Learfield, The Grove Collective, LLC,
and MavDB Consulting LLC.
July 16, 2025, the Company entered into Exclusive Private Label Manufacturing Agreements with AAA Tuscaloosa, LLC and Traffic Holdco,
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $7.4M | $11.6M | $14.9M | $10.3M | $7.6M | $5.2M | — |
| Cost of revenue | $6.3M | $7.9M | $8.4M | $6.8M | $5.7M | $4.7M | — |
| Gross profit | $1.1M | $3.6M | $6.5M | $3.5M | $1.9M | $553.7K | — |
| SG&A | $9.7M | $8.7M | $14.3M | $14.1M | $16.8M | $7.1M | — |
| Total operating expenses | $30.6M | $13.8M | $8.6M | $24.8M | $33.2M | $9.7M | — |
| Operating income | -$29.5M | -$10.2M | -$2.1M | -$21.2M | -$31.3M | -$9.1M | — |
| Interest expense | $514.6K | $2.9M | $5.5M | $573.5K | $427.7K | $770.3K | — |
| Pre-tax income | — | -$13.0M | -$9.9M | — | -$31.3M | -$10.7M | — |
| Income tax | — | $119.0K | $368.0K | — | $1.1M | $13.6K | — |
| Net income | -$28.3M | -$13.1M | -$10.2M | -$38.0M | -$32.4M | -$10.7M | — |
| EPS, basic | -2.18 | -76.71 | -457.78 | — | — | — | — |
| EPS, diluted | -2.18 | -76.71 | -457.78 | — | — | — | — |
| Shares, diluted (wtd. avg.) | $14.0M | $170.9K | $22.4K | $30.9K | $76.3K | $664.2K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.9M | $164.4K | $20.8K | $1.3M | $528.4K | $576.0K | $40.5K |
| Receivables | — | — | $74.8K | — | — | — | — |
| Inventory | $3.1M | $3.8M | $4.8M | $5.1M | $2.8M | $1.2M | — |
| Total current assets | $20.6M | $4.7M | $5.6M | $8.8M | $4.8M | $2.0M | — |
| Property, plant and equipment | $15.7K | $24.1K | $55.5K | $104.5K | $97.3K | $62.3K | — |
| Goodwill | $5.8M | $9.0M | $9.0M | $9.0M | $18.3M | $6.5M | — |
| Other intangibles | $4.5M | $6.1M | $10.0M | $12.9M | $12.8M | $7.5M | — |
| Total assets | $44.5M | $19.9M | $25.3M | $33.7M | $36.5M | $16.4M | — |
| Accounts payable | $6.3M | $6.4M | $7.5M | $8.0M | $6.6M | $5.7M | — |
| Short-term debt | $6.1M | $6.4M | $2.3M | $1.8M | $2.5M | $992.0K | — |
| Total current liabilities | $26.1M | $20.8M | $23.2M | $40.9M | $35.0M | $20.3M | — |
| Long-term debt | $6.1M | $150.0K | — | — | — | — | — |
| Total liabilities | $35.7M | $21.2M | $23.7M | $41.2M | $43.6M | $22.2M | — |
| Retained earnings | -$155.4M | -$127.1M | -$114.0M | -$103.7M | -$65.7M | -$33.3M | — |
| Total equity | $8.8M | -$1.3M | $1.6M | -$7.5M | -$7.1M | -$5.9M | -$7.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15.9M | -$6.2M | -$6.0M | -$10.8M | -$14.2M | -$2.1M | — |
| Depreciation and amortisation | $2.1M | $2.5M | $3.2M | $1.7M | $1.2M | $603.9K | — |
| Stock-based compensation | — | $169.6K | $408.8K | $602.0K | $4.8M | $144.8K | — |
| Capital expenditure | — | — | $29.7K | $61.3K | $43.2K | $864 | — |
| Investing cash flow | — | — | $88.8K | -$7.4M | -$6.0M | $204.9K | — |
| Financing cash flow | $23.4M | $6.3M | $4.7M | $18.9M | $20.2M | $2.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-021277.
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