DBGI Digital Brands Group, Inc.

Overview and Growth

Digital Brands Group, Inc. generated $7.38M of revenue in fiscal 2025, with net loss of $28.25M and an operating cash outflow of $15.88M. At $7.38M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 36.1% from $11.56M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$87.20, which connects the reported earnings outcome with the company’s diluted share count. A diluted share base of 348.92K links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Total assets stood at $44.49M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.17x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $1.05M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 14.3% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced a $29.53M operating loss before non-operating and tax effects. The operating loss equaled 400.1% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $28.25M for the fiscal year. The net loss equaled 382.8% of revenue, showing the bottom-line deficit relative to the company’s sales base. EBITDA was negative $27.44M, showing a deficit before interest, taxes, depreciation, and amortization. The net loss equaled 322.2% of period-end equity, showing the deficit relative to book capital. The net loss equaled 63.5% of period-end assets, showing the deficit relative to the asset base. Compared with a $13.11M net loss in fiscal 2024, the current loss increased to $28.25M.

Liquidity and Capital Structure

At period end, the $44.49M asset base was financed through $35.72M of liabilities and $8.77M of equity. The near-term balance sheet paired $20.62M of current assets with $26.07M of current liabilities at the reporting date. Current assets covered only 0.79x of current liabilities, so current liabilities exceeded current assets at period end. Cash and equivalents totaled $1.93M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 7.4% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $12.25M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 1.4x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 27.5%, showing how much of the asset base was matched by borrowing. Book equity represented 19.7% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 80.3% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 4.3%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 123.7% from $19.89M in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Operating activities used $15.88M of cash, resulting in an operating cash outflow for the year. The operating cash outflow widened to $15.88M from $6.15M in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Nov 4, 2026.