Solo Brands (SBDS) Operating Expenses (2021 - 2025)
Solo Brands (SBDS) posted Operating Expenses of $133.9 million for Q4 2025, up 178.74% sequentially from $48.0 million in Q3 2025, and down 6.38% YoY from $143.0 million in Q4 2024.
Solo Brands (SBDS) Operating Expenses (2021 - 2025) Analysis & Trends
Solo Brands has reported Operating Expenses for 5 years, with the latest figure at $133.9 million in Q4 2025.
- Quarterly Operating Expenses fell 6.38% year-over-year to $133.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $301.6 million (down 30.66% YoY) and the FY2025 annual result came in at $301.6 million, down 30.66% from the prior year.
- Operating Expenses advanced to $133.9 million in Q4 2025 per SBDS's latest filing, from $48.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $337.2 million in Q4 2023 and troughed at $22.4 million in Q1 2021.
- A 5-year average of $88.7 million and a median of $68.8 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 269.95% in 2023, then plunged 68.94% in 2025.
- Over 5 years, Operating Expenses stood at $94.4 million in 2021, then declined by 3.47% to $91.1 million in 2022, then jumped by 269.95% to $337.2 million in 2023, then slumped by 57.6% to $143.0 million in 2024, then slipped by 6.38% to $133.9 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $133.9 million, $48.0 million, and $66.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.84 Bn | 2,819.86 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 507.66 Bn | 448.11 Bn | 9.83 Bn | -5.87 Bn |
| 3 | Mercadolibre | 97.39 Bn | 82.19 Bn | 4.16 Bn | 3.48 Bn |
| 4 | DoorDash | 93.67 Bn | 88.33 Bn | 2.35 Bn | 4.30 Bn |
| 5 | JD.com | 87.53 Bn | 58.35 Bn | 7.66 Bn | -1.51 Bn |
| 6 | Sea | 77.98 Bn | 69.46 Bn | 3.15 Bn | -2.55 Bn |
| 7 | Ebay | 47.41 Bn | 44.11 Bn | 2.30 Bn | 1.63 Bn |
| 8 | Coupang | 29.58 Bn | 23.47 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Zkh | 15.88 Bn | 15.88 Bn | 51.11 Mn | -23.28 Mn |
| 10 | Solo Brands | 5.61 Mn | -14.42 Mn | 57.03 Mn | 133.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 133.86 Mn |
| Sep 30, 2025 | 48.02 Mn |
| Jun 30, 2025 | 66.43 Mn |
| Mar 31, 2025 | 53.25 Mn |
| Dec 31, 2024 | 142.98 Mn |
| Sep 30, 2024 | 154.61 Mn |
| Jun 30, 2024 | 80.40 Mn |
| Mar 31, 2024 | 56.90 Mn |
| Dec 31, 2023 | 337.21 Mn |
| Sep 30, 2023 | 69.58 Mn |
| Jun 30, 2023 | 72.01 Mn |
| Mar 31, 2023 | 51.21 Mn |
| Dec 31, 2022 | 91.15 Mn |
| Sep 30, 2022 | 67.97 Mn |
| Jun 30, 2022 | 106.62 Mn |
| Mar 31, 2022 | 52.08 Mn |
| Dec 31, 2021 | 94.42 Mn |
| Sep 30, 2021 | 36.71 Mn |
| Jun 30, 2021 | 36.46 Mn |
| Mar 31, 2021 | 22.45 Mn |