Solo Brands (SBDS) Operating Expenses (2021 - 2026)
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.
Analysis
Solo Brands (SBDS) Operating Expenses (2021 - 2026) 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | -5.39 Bn |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | 4.30 Bn |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | 3.48 Bn |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | -2.90 Bn |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | 1.63 Bn |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | -3.06 Bn |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | 950.00 Mn |
| 10 | Solo Brands | 8.99 Mn | -26.46 Mn | 53.02 Mn | 49.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.51 Mn |
| 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 |