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
DateValue
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