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

Business

Digital Brands Group, Inc. operates as a curated portfolio of lifestyle apparel brands managed under a single platform to realize operational efficiencies. It offers a range of women's and men's apparel products including ready-to-wear, denim, basics, athleisure and accessories across its brands Bailey, DSTLD, Stateside, Sundry, Avo and previously ACE Studios. The company operates on a decentralized brand model supported by centralized functions for marketing, data analytics, sourcing and distribution. Products are sold primarily via direct-to-consumer websites and showrooms, plus wholesale to specialty boutiques, department stores and select international manufacturing and sourcing partners.

Summary from filing dated 2025-04-09

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

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro