Digital Brands Group, Inc. (DBGI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DBGI SEC filings page.
Digital Brands Group, Inc. (DBGI) reported $5.8M in revenue over the twelve months to Jun 30, 2026, down 33.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Digital Brands Group's sales base has contracted while financing, not operations, repaired the balance sheet.
The sharpest signal is the margin reversal: gross margin fell from43.9% in FY2023 to14.3% in FY2025, showing that lower volume was accompanied by weaker economics per sale. A net loss of$28.3M and operating cash flow of-$15.9M moved in the same direction, so accounting losses were translating into cash use rather than being mainly noncash.
Revenue fell to
Equity shifted from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Digital Brands Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Digital Brands Group, Inc. held $1.9M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $15.9M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Digital Brands Group, Inc. scores 6/100 among other emerging companies.
Digital Brands Group, Inc. had 17M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Digital Brands Group, Inc. scores 6/100 among other emerging companies.
Not available for Digital Brands Group, Inc., and counted as zero in the overall score.
Digital Brands Group, Inc. reported revenue of $7.4M in fiscal year 2025, against $11.6M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Digital Brands Group, Inc. scores 13/100 among other emerging companies.
Digital Brands Group, Inc.'s operations used $15.9M of cash in fiscal year 2025, against $6.2M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Digital Brands Group, Inc. scores 13/100 among other emerging companies.
Digital Brands Group, Inc.'s cash, cash equivalents and investments came to $1.9M at the end of fiscal year 2025, against $35.7M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Digital Brands Group, Inc. scores 11/100 among other emerging companies.
Digital Brands Group, Inc. scores -7.04, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.4M) relative to total liabilities ($35.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Digital Brands Group, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Digital Brands Group, Inc. reported a net loss of $28.3M while operations used $15.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Digital Brands Group, Inc. reported an operating loss of $29.5M against $515K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Digital Brands Group, Inc. generated $1.2M in revenue in Q2 2026. This represents a decrease of 46.3% from the same quarter a year earlier. Against the prior quarter it is down 8.2%.
Digital Brands Group, Inc.'s EBITDA was -$7.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 367.5% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.
Digital Brands Group, Inc. reported -$9.0M in net income in Q2 2026. This represents a decrease of 324.2% from the same quarter a year earlier. Against the prior quarter it is up 21.1%.
Cash & Balance Sheet
Digital Brands Group, Inc. recorded an outflow of $5.6M in free cash flow in Q2 2026, representing a cash shortfall after capex. Against the prior quarter it is down 16.5%.
Digital Brands Group, Inc. held $1.4M in cash against $4.9M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Digital Brands Group, Inc.'s gross margin was 26.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 4.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 23.4 percentage points.
Digital Brands Group, Inc.'s ROE was -1663.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1633.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1345.2 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Digital Brands Group, Inc. invested $37K in capex in Q2 2026, funding long-term assets and infrastructure. Against the prior quarter it is down 69.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
DBGI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M-46.3% | $1.3M-29.7% | $1.6M-25.1% | $1.7M-32.2% | $2.3M-33.7% | $1.9M-47.7% | $2.1M-21.4% | $2.4M-25.1% |
| Cost of Revenue | $884K-42.6% | $1.3M+27.2% | $2.8M-2.0% | $947K-28.2% | $1.5M-16.2% | $999K-46.2% | $2.9M+29.4% | $1.3M-15.1% |
| Gross Profit | $324K-54.4% | $45K-94.8% | -$1.2M-63.3% | $707K-37.0% | $712K-54.3% | $872K-49.3% | -$757K-256.0% | $1.1M-34.2% |
| SG&A Expenses | $2.4M+57.7% | $2.6M+30.3% | $4.0M+72.7% | $2.2M-9.7% | $1.5M-48.2% | $2.0M+103.1% | $2.3M+13.6% | $2.4M-35.0% |
| Operating Income | -$7.5M-276.4% | -$7.4M-271.6% | -$22.2M-350.8% | -$3.3M-21.3% | -$2.0M+13.8% | -$2.0M-788.8% | -$4.9M-89.2% | -$2.7M+19.8% |
| EBITDA | -$7.3M-367.5% | -$7.3M-360.8% | -$21.4M-377.1% | -$2.9M-36.9% | -$1.6M+1.0% | -$1.6M-418.9% | -$4.5M-143.4% | -$2.1M+21.3% |
| Interest Expense | $121K-5.3% | $124K-8.2% | $124K-72.7% | $129K-82.7% | $127K-89.7% | $135K-73.3% | $454K+138.5% | $743K-62.0% |
| Net Income | -$9.0M-324.2% | -$11.4M-445.1% | -$20.6M-283.4% | -$3.5M+2.5% | -$2.1M+39.7% | -$2.1M-205.7% | -$5.4M-44.4% | -$3.5M+34.9% |
| EPS (Basic) | -$13.59+58.0% | -$1.06-15.2% | -$0.13+99.8% | -$1.18+98.6% | -$32.34+69.0% | -$0.92+96.0% | -$72.96+83.4% | -$81.53-460.3% |
| EPS (Diluted) | -$13.59 | -$1.06 | -$0.13 | -$1.18 | -$32.34 | -$0.92 | -$72.96 | -$81.53 |
| Diluted Shares (Avg) | 661,049 | 11M | N/A | 3M | 65,485 | 2M | N/A | 43,436 |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
DBGI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $46.7M+67.8% | $47.3M+6.4% | $44.5M+123.7% | $41.2M+76.9% | $27.8M+11.5% | $44.5M+79.0% | $19.9M-21.5% | $23.3M-16.0% |
| Current Assets | $18.0M+179.0% | $19.3M+55.1% | $20.6M+338.9% | $20.0M+212.6% | $6.5M-1.7% | $12.5M+107.7% | $4.7M-15.5% | $6.4M-16.4% |
| Cash & Equivalents | $1.4M+155.5% | $5.1M+128.2% | $1.9M+1076.7% | $6.7M+2216.2% | $543K+484.7% | $2.2M+19707.1% | $164K+691.6% | $289K-72.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $5.4M+33.3% | $3.5M-16.6% | $3.1M-18.0% | $4.3M-14.3% | $4.1M-19.5% | $4.3M-8.5% | $3.8M-21.1% | $5.0M+7.0% |
| Accounts Receivable | $227K | N/A | $154K | N/A | N/A | N/A | N/A | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $5.8M-35.5% | $5.8M-35.5% | $5.8M-35.5% | $9.0M0.0% | $9.0M0.0% | $9.0M0.0% | $9.0M0.0% | $9.0M0.0% |
| Total Liabilities | $46.1M+122.7% | $43.7M+14.3% | $35.7M+68.3% | $25.2M+8.3% | $20.7M-6.8% | $38.3M+75.0% | $21.2M-10.6% | $23.3M+3.4% |
| Current Liabilities | $30.8M+59.2% | $26.8M+36.3% | $26.1M+25.2% | $24.8M+10.5% | $19.4M-9.5% | $19.7M-7.8% | $20.8M-10.3% | $22.4M+0.4% |
| Non-Current Liabilities | $15.3M+1047.3% | $16.9M-9.0% | $9.7M+2319.8% | $399K-52.0% | $1.3M+67.7% | $18.6M+3486.3% | $399K-23.0% | $832K+430.5% |
| Long-Term Debt | $4.9M | $6.1M | $6.1M+3983.2% | N/A | N/A | N/A | $150K | N/A |
| Total Equity | $540K-92.4% | $3.6M-42.5% | $8.8M+760.0% | $16.0M+83848.7% | $7.1M+160.5% | $6.2M+108.9% | -$1.3M-182.9% | $19K-99.6% |
| Retained Earnings | -$175.7M-33.8% | -$166.7M-29.1% | -$155.4M-22.2% | -$134.8M-10.7% | -$131.3M-11.1% | -$129.2M-12.7% | -$127.1M-11.5% | -$121.7M-10.4% |
DBGI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.6M-254.6% | -$4.7M-4.5% | -$4.7M-71.5% | -$5.1M-835.9% | -$1.6M+2.4% | -$4.5M-263.3% | -$2.8M-719.1% | -$542K+84.4% |
| Depreciation & Amortization | $148K-64.7% | $146K-65.2% | $838K+87.1% | $418K-32.4% | $418K-41.9% | $418K-41.9% | $448K-41.4% | $619K-14.0% |
| Stock-Based Compensation | $0 | N/A | N/A | $0-100.0% | $0-100.0% | $0-100.0% | N/A | $1K-99.0% |
| Capital Expenditures | -$37K | $120K | N/A | N/A | N/A | N/A | N/A | $1 |
| Free Cash Flow | -$5.6M | -$4.8M | N/A | N/A | N/A | N/A | N/A | -$542K+84.4% |
| Investing Cash Flow | $37K | -$260K | N/A | N/A | N/A | N/A | N/A | -$1+100.0% |
| Financing Cash Flow | $1.8M+1560.9% | $2.4M-63.4% | -$4K-100.2% | $16.9M+2194.0% | -$125K-107.3% | $6.6M+429.1% | $2.6M+268.5% | $738K-82.5% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
DBGI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.8%-4.8pp | 3.5%-43.2pp | -77.0%-41.7pp | 42.7%-3.2pp | 31.6%-14.3pp | 46.6%-1.5pp | -35.3%-53.1pp | 46.0%-6.3pp |
| Operating Margin | -618.6% | -563.8% | -1385.4% | -201.3% | -88.2%-20.4pp | -106.7% | -230.1% | -112.4% |
| Net Margin | -743.6% | -865.7% | -1283.8% | -208.7% | -94.1% | -111.7% | -250.7% | -145.1% |
| Return on Equity | -1663.5%-1633.7pp | -318.3%-284.8pp | -234.9% | -21.6%+18571.5pp | -29.8%+98.9pp | -33.6%-10.6pp | N/A | -18593.1%-18489.0pp |
| Return on Assets | -19.3%-11.6pp | -24.1%-19.4pp | -46.3%-19.3pp | -8.4%+6.8pp | -7.6%+6.5pp | -4.7%-1.9pp | -27.0%-12.3pp | -15.2%+4.4pp |
| Current Ratio | 0.58+0.3x | 0.72+0.1x | 0.79+0.6x | 0.81+0.5x | 0.330.0x | 0.63+0.4x | 0.230.0x | 0.29-0.1x |
| Debt-to-Equity | 9.03+6.1x | 1.69-4.5x | 0.70 | 1.58-1220.4x | 2.92-5.2x | 6.15-1.2x | N/A | 1221.99+1217.7x |
| Asset Turnover | 0.03-0.1x | 0.030.0x | 0.04-0.1x | 0.04-0.1x | 0.08-0.1x | 0.04-0.1x | 0.110.0x | 0.100.0x |
| FCF Margin | -465.9% | -367.1% | N/A | N/A | N/A | N/A | N/A | -22.2% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Digital Brands Group, Inc. DBGI | FY2025 | $7.4M | -$28.3M | N/A | $1.4M | 8/100 |
| BrilliA Inc BRIA | FY2025 | $64.4M | $2.8M | 4.4% | $34.9M | 42/100 |
| Tilly's Inc. TLYS | FY2025 | $553.6M | -$17.5M | -3.1% | $140.7M | 20/100 |
| Destination XL Group, Inc. DXLG | FY2025 | $435.0M | -$35.9M | -8.3% | $25.3M | 27/100 |
| a.k.a. Brands Holding Corp. AKA | FY2025 | $600.2M | -$31.4M | -5.2% | $112.4M | 33/100 |
| CATO CORP CATO | FY2025 | $653.8M | -$5.9M | -0.9% | $46.8M | 24/100 |
Where Digital Brands Group, Inc. Ranks
Frequently Asked Questions
What is Digital Brands Group, Inc.'s annual revenue?
Digital Brands Group, Inc. (DBGI) reported $7.4M in total revenue for fiscal year 2025. This represents a -36.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Digital Brands Group, Inc.'s revenue growing?
Digital Brands Group, Inc. (DBGI) revenue declined by 36.1% year-over-year, from $11.6M to $7.4M in fiscal year 2025.
Is Digital Brands Group, Inc. profitable?
No, Digital Brands Group, Inc. (DBGI) reported a net income of -$28.3M in fiscal year 2025.
What is Digital Brands Group, Inc.'s EBITDA?
Digital Brands Group, Inc. (DBGI) had EBITDA of -$27.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Digital Brands Group, Inc. have?
As of fiscal year 2025, Digital Brands Group, Inc. (DBGI) had $1.9M in cash and equivalents against $6.1M in long-term debt.
What is Digital Brands Group, Inc.'s gross margin?
Digital Brands Group, Inc. (DBGI) had a gross margin of 14.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Digital Brands Group, Inc.'s return on equity (ROE)?
Digital Brands Group, Inc. (DBGI) has a return on equity of -322.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Digital Brands Group, Inc.'s operating cash flow?
Digital Brands Group, Inc. (DBGI) recorded an outflow of $15.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Digital Brands Group, Inc.'s total assets?
Digital Brands Group, Inc. (DBGI) had $44.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Digital Brands Group, Inc.'s current ratio?
Digital Brands Group, Inc. (DBGI) had a current ratio of 0.79 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Digital Brands Group, Inc.'s debt-to-equity ratio?
Digital Brands Group, Inc. (DBGI) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Digital Brands Group, Inc.'s return on assets (ROA)?
Digital Brands Group, Inc. (DBGI) had a return on assets of -63.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Digital Brands Group, Inc.'s P/E ratio?
Digital Brands Group, Inc. (DBGI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $1.4M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Digital Brands Group, Inc.'s price-to-sales ratio?
Digital Brands Group, Inc. (DBGI) trades at 0.2x sales, its market capitalization divided by revenue of $5.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.4M as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Digital Brands Group, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Digital Brands Group, Inc. (DBGI) held $1.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $15.9M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Digital Brands Group, Inc.'s Altman Z-Score?
Digital Brands Group, Inc. (DBGI) has an Altman Z-Score of -7.04, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Digital Brands Group, Inc.'s Piotroski F-Score?
Digital Brands Group, Inc. (DBGI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Digital Brands Group, Inc.'s earnings high quality?
Digital Brands Group, Inc. (DBGI) reported a net loss of $28.3M while operations used $15.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Digital Brands Group, Inc. cover its interest payments?
Digital Brands Group, Inc. (DBGI) reported an operating loss of $29.5M against $515K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Digital Brands Group, Inc.?
Digital Brands Group, Inc. (DBGI) scores 8 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.