Digital Brands Group, Inc.

Listed Company

DBGICIK 0001668010NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthRetail-Apparel & Accessory StoresDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.38M

Net Income

$-28.25M

Total Assets

—

Equity

—

Shares Out

22.99M

Op. Cash Flow

$-15.88M

DBGI$0.62−94.13% · past yearDBEQ Basic

Daily closing prices

Business

Digital Brands Group is a curated portfolio of five lifestyle apparel brands—Bailey 44, DSTLD, Stateside, Sundry, and Avo—that designs and sells women's and collegiate clothing through direct-to-consumer websites, wholesale channels, and royalty licensing. The company sources finished products from third-party contract manufacturers across North America, Asia, and Europe, and operates a distribution center in Los Angeles. Each brand maintains in-house design and marketing teams while leveraging centralized corporate functions for accounting, data analytics, IT, and supply-chain optimization to drive operational efficiencies and cross-brand customer acquisition and retention.

Summary from 10-K filed 2026-04-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	7	12	15	14	8
Cost of net revenues	6	8	8	8	6
Gross profit	1	4	7	6	2
General and administrative	10	9	14	16	17
Sales and marketing	15	3	4	5	4
Distribution	643,569	907,843	1	611,569	489,371
Impairment of goodwill and intangible assets	6	1	—	16	3
Total operating expenses	31	14	9	38	33
Loss from operations	−30	−10	−2	−32	−31
Change in fair value of share based payment liability	2	—	—	—	—
Interest expense	−514,584	−3	6	—	—
Other non-operating income (expenses)	81,013	−83,680	−6	−6	−2
Total other income (expense), net	1	−3	6	—	—
Income tax benefit (provision)	—	119,044	−368,034	—	1
Net loss	−28	−13	−10	−38	−32
Deemed dividend on modification of Series D preferred stock	−2	—	—	—	—
Net loss attributable to common stockholders	−30	−13	—	—	—
Weighted average common shares outstanding - basic	14	170,853	22,385	20,852	76,289
Weighted average common shares outstanding - diluted	14	170,853	22,385	20,852	76,289
Net loss per common share - basic	−2.18	−76.71	−457.78	—	—
Net loss per common share - diluted	−2.18	−76.71	−457.78	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-03-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	2	164,433	164,431	20,773	1
Restricted cash	6	—	—	—	—
Accounts receivable, net	153,983	—	44,067	74,833	628,386
Due from factor, net	273,437	—	390,186	337,811	—
Inventory	3	—	4	5	5
Prepaid expenses and other current assets	9	—	274,643	—	—
Total current assets	21	—	5	6	9
Property, equipment and software, net	15,736	—	24,089	55,509	104,512
Goodwill	6	—	9	9	9
Intangible assets, net	4	—	6	10	13
Deposits	82,331	—	75,431	75,431	193,926
Prepaid marketing expenses	13	—	—	—	—
Total assets	44	—	20	25	34
Accounts payable	6	—	6	8	8
Accrued expenses and other liabilities	6	—	5	5	4
Due to related parties	370,921	—	411,921	400,012	556,217
Convertible note payable, net	—	—	100,000	—	—
Accrued interest payable	3	—	2	2	2
Loan payable, current	3	—	3	—	—
Stock payable	5	—	—	—	—
Promissory note payable	4	—	4	5	9
Total current liabilities	26	—	21	23	41
Share based payment liability	9	—	—	—	—
Loans payable	—	—	150,000	150,000	150,000
Deferred tax liability	248,990	—	248,990	368,034	—
Total liabilities	36	—	21	24	41
Commitments and contingencies (Note 14)	—	—	—	—	—
Common stock, $0.0001 par, 1,000,000,000 shares authorized, 8,788,335 and 838,583 shares issued and outstanding as of December 31, 2025 and 2024, respectively	879	—	83	110	—
Additional paid-in capital	164	—	126	116	96
Accumulated deficit	−155	—	−127	−114	−104
Total stockholders equity (deficit)	9	—	−1	2	−7
Total liabilities and stockholders equity (deficit)	44	—	20	25	34

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	2	3	3	2	1
Amortization of loan discount and fees	21,900	2	4	7	1
Loss on conversion of accounts payable into common stock	31,471	—	—	—	—
Shares issued for services	482,227	312,635	2	—	—
Stock-based compensation	—	169,614	408,810	602,038	5
Change in credit reserve	—	−151,611	202,761	−118,840	—
Shares issued for loan interest conversion	—	4,950	—	—	—
Non-cash lease expense	—	81,374	—	—	—
Deferred tax expense	—	−119,044	368,034	—	−1
Accounts receivable, net	−109,916	30,766	497,771	−475,036	150,288
Due from factor	116,749	99,236	144,755	—	—
Inventory	687,280	1	375,682	471,831	−911,293
Prepaid expenses and other current assets	4	2,027	551,259	−402,515	−151,917
Accounts payable	−71,388	−1	1,900	919,131	456,690
Accrued expenses and other liabilities	304,389	498,610	1	2	834,489
Accrued interest payable	459,428	381,678	434,958	984,358	461,113
Lease liabilities	—	−602,500	—	—	—
Due to related parties	−41,000	11,909	—	278,590	−63,550
Deposits	−6,900	—	—	—	—
Net cash used in operating activities	−16	−6	−6	−11	−14
Issuance of loans and note payable	240,000	790,977	—	7	8
Repayments of convertible notes and loan payable	−685,267	−4	−10	−7	−2
Proceeds of issuance of Series D preferred stock, net of issuance costs	11	—	—	—	—
Proceeds from exercise of warrants	6	—	—	—	—
Proceeds for issuance of pre-funded warrants	7	—	—	—	—
Issuance of common stock for cash	—	9	8	—	—
Net cash provided by financing activities	23	6	5	19	20
Net change in cash, cash equivalents, and restricted cash	8	143,658	−1	754,888	−47,592
Cash paid for income taxes	—	—	—	—	—
Cash paid for interest	47,000	2	711,815	734,869	902,089
Issuance of pre-funded warrants for prepaid marketing services	3	—	—	—	—
Shares issued for prepaid marketing services	13	—	—	—	—
Non-cash purchase of intangible assets	3	—	—	—	—
Recognition of share-based payment liability	11	—	—	—	—
Shares issued for services and conversion of accounts payable	82,380	313,816	—	—	—

Filings

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Frequently asked questions

What is Digital Brands Group, Inc.'s CIK number?

Digital Brands Group, Inc.'s SEC CIK number is 0001668010 (1668010). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

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