Solo Brands Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	-145.44	-180.19
Depreciation & Amortization	28.54	26.63
Stock-Based Compensation	3.02	6.75
Other Adjustments	100.05	159.33
Change in Receivables	8.5	3.2
Changes in Inventories	27.4	-14.67
Changes in Accounts Payable	-55.86	38.15
Changes in Accrued Expenses	-9.96	-14.13
Changes in Unearned Revenue	-0.19	-3.48
Changes in Other Operating Activities	-2.68	-11.07
Operating Cash Flow	-46.6	10.52
Capital Expenditures	-12.05	-14.51
Investing Cash Flow	-12.05	-14.51
Long-Term Debt Issued	287.32	80
Long-Term Debt Repaid	-199.32	-79.25
Net Long-Term Debt Issued (Repaid)	88	0.75
Issuance of Common Stock	-	0.4
Repurchase of Common Stock	-0.36	-0.21
Net Common Stock Issued (Repurchased)	-0.36	0.19
Other Financing Activities	-21.1	-4.6
Financing Cash Flow	66.55	-3.66
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.16	-0.21
Net Cash Flow	8.05	-7.86
Free Cash Flow	-58.65	-4
FCF Margin	-18.53%	-0.88%
Free Cash Flow Per Share	-37.10	-2.74
Levered Free Cash Flow	-38.11	-105.69
Unlevered Free Cash Flow	-141.01	-159.43